Wednesday, April 02, 2008 at 10:00 AM | Posted by kazouz
Will AAPL history repeat itself? Those familiar with this iBall column know it’s an opportunity I take to opine on Apple’s stock price, and if I may toot my own horn, I’ve been rather accurate.
Back in September 2007, Apple’s stock price was in the 140’s. Once it hit 150 in late September, it proceeded to climb incrementally by 10 points each week, hitting 190 by the last week of October.
If history is any indication of what Apple’s stock price is capable of once it hits 150, we’re in for a wild ride. Some may argue that Apple was leading into the Holiday shopping season or that the iPhone was breaking all kinds of sales figures at the time. Let’s look at Apple’s immediate future: Rumors of an imminent 3G iPhone release are blanketing the web; The iPhone SDK will offer thousands of new applications for the iPhone which means more money in Apple’s bottom line, and many more iPhone and iPod touch sales; Apple is about to announce earnings on April 23rd; Apple is having trouble keeping the iPhone, and MacBook Air in stock, which means there’s an extremely high demand for both products; While the list goes on and on, I will leave you with this, the Mac has hit 21% marketshare in the U.S.
Piper Jaffray analyst Gene Munster is recommending the stock as a BUY with a price target of $250. In my opinion, it’s very likely we’ll see a repeat in the stock price over the next two months.
Wednesday, February 06, 2008 at 02:10 PM | Posted by kazouz
Let’s talk stock. Apple’s stock. It’s my favorite topic when I am with peers who want to know about the company. Long-time readers will know that I have made several predictions about Apple’s stock, and most all have been quite accurate. I predicted that the stock would break $200 per share in 2007 and it did.
Today, I want to offer another prediction.
Apple, along with several other publicly traded companies, has taken a very hard hit this year. As of this publishing, Apple’s stock is in the mid-120’s. What is the outlook? As a veteran shareholder of AAPL, I have some advice to everyone who has concerns about the stock. Hold it - and if you don’t own any, buy it.
I think Apple’s stock may drop as low as 120 before it rebounds. But when it does, I foresee quite a bounce. Apple is in a position unlike any other time in the company’s history. Let me explain a few factors that will propel the stock in 2008.
1. Leopard - Apple’s new operating system is the most advanced operating system in the world, and the adoption rate of Mac OS X is faster than it ever has been in the past. Not to mention that in comparison, it cripples Windows Vista.
2. Product line - Apple’s product line is strong. No, Apple’s product line is extremely strong. The Mac line-up is diverse, and appeals to all age groups, and all lifestyles. From pro users, to desktop and office use, to ultra-portable use.
3. The iPod - While many discount the potential of the iPod’s future, keep in mind that only a small percentage of the population actually owns an iPod. iPods are great gadgets with a bright future, and most people who own them would upgrade to a new one. Apple is about to push its iPod touch as a wireless wi-fi communicator, and not just a music player. This new device appeals to a much larger audience and is much more functional than previous models.
4. The iPhone - Apple’s iPhone is hot. It is better than any other phone in its price range, and arguably the best phone ever made. The ‘unaccounted’ iPhones that are being sold on the black market are a valid indication of how popular the phone is overseas and how sought after the phone has become. Apple is just scratching the surface with this iPhone and it has only been available for a few months, not to mention that it’s grabbed 28% of the US smartphone market as a rookie.
5 Apple TV - Apple TV is a real player in the movie industry as content is about to be added to the device. In a software upgrade due in about a week, Apple will offer users the ease of renting a movie or buying a song from the comfort of the living room chair. Movies are in high definition, and can be transported to many other digital devices. As this device becomes the clear front-runner, Apple TV will pave the way as the standard for renting movies. As millions of people adopt this device into their homes, Apple will make a percentage off of each movie rented, further adding to its bottom line.
I haven’t even mentioned the cash reserve that Apple has or the fact that Apple always holds special events throughout the year. But rest assured, that buying the stock, and holding onto it will reward those nicely. Steve Jobs is very conscious of the stock’s price and has advised shareholders to “hang in there.”
Friday, November 16, 2007 at 10:07 AM | Posted by kazouz
I haven’t updated the iBall section in quite some time due to a busier than normal schedule, and I apologize. It’s time to get back into it and talk about one of my favorite Apple topics, the stock price. Aside from doing my day-to-day tasks, I am guilty of being somewhat addicted to the stock market and its trends. Long-time readers of LOOPRumors will know that I have made several stock predictions that have all been quite accurate. I have owned and followed Apple stock since the early 90’s.
Today I will make yet another prediction.
I believe that Apple’s stock will break $200 per share at the Q1 earnings call, and I’ll explain why. For the first time in Apple’s history, the company has its entire product line updated prior to the Holiday shopping season, which is traditionally the best time of year for the computer maker. iPhones are now available in Europe and off to an amazing start with higher than expected consumer demand. Apple is touting Leopard with new ads that appeal to Vista users’ frustrations, and the OS is rock solid with sales more than doubling that of its predecessor, Tiger. Add a completely new line of iPods, the iPod touch, new nanos, iLife ‘08, new iMacs flying off the shelves, and ‘who knows what’ in January.
In the early 90’s, Apple was laughed at and ‘dead’ by most standards. Today, Apple is trendy. The Cupertino computer…er…electronics maker is poised to soar in the next quarter. While you can listen to Jim Cramer or any of the other guys on TV talking about stocks, this is the only company I am passionate about and follow so closely. There’s no science here, just common sense and logic.
My recommendation to all of my fellow Apple fans is to buy the stock at this reduced price. The entire market, including Google is down. Buy now and thank me in January.
Monday, August 27, 2007 at 04:00 PM | Posted by kazouz
It’s been some time since I’ve posted an iBall article, but there’s good reason. I’ve been too busy playing with my iPhone. Everyone around me gets jealous of the attention I give to the iPhone and I can’t count how many demos I’ve given.
I just thought I would write a quick opinion piece on my thoughts about ‘unlocking the iPhone’ for those of you interested.
Although I have impressed droves of people with the iPhone’s functionality, the number one reason people have said they would never buy one is that they are in a contract with a carrier other than AT&T.
But if you’ll notice, Apple has kept very quiet regarding the stories about unlocking the device, almost as if they don’t mind. Well they probably don’t. The iPhone will really see sales skyrocket once people are able to use the phone without getting out of their contracts.
AT&T on the other hand is the one who loses when iPhones are unlocked. Although visual voicemail won’t work without AT&T’s service, users seem willing to sacrifice that feature to benefit from the multiple other features the iPhone offers.
At any rate, the lawyers will battle this one out, but in the end, Apple will probably end up on top…making phones that sell like hot cakes no matter which provider they depend on.
Monday, May 21, 2007 at 08:03 AM | Posted by kazouz
Apple’s stock went on a wild ride last week as false rumors hit the web that Apple’s iPhone might be delayed until October and Mac OS X 10.5 Leopard might have to wait until January.
Sure the dip was sudden and for some a good buying opportunity, but most hardly noticed the sudden drop because it happened so quickly.
What if the rumors were true? Would Apple’s stock value continue to plummet? I don’t think so. I believe that Apple is still undervalued. Many analysts have suggested the same and estimated Apple’s target price at around $145.
As I have said, I own AAPL and have for years. I think it’s a great long-term stock and quick market gains and losses only affect short-term buyers.