Failing to innovate? That's got NOTHING to do with why they sold what they sold and earned what they earned. Absolutely nothing relative to one another.

If Apple releases new products and they have so much demand that they can't build them fast enough and they have some suppliers that are trying to meet parts ordered because they are ramping up the production of a new product and yields are down, that has nothing to do with whether is innovating or not. GOD, some of the dumbest statements come out of some of these so-called analysts and journalists. Why even report their dumb statements?

Who are these pundits? Do they have a name? Or are they just idiots that just like to talk so they can hear themselves?

Great time to get hired by Apple. You'll never get a better incentive stock option price.

Not too far from the 52 week low for a company that just had a record quarter and does not believe it can meet demand for iMac and iPad mini in this next quarter. I'm in for some more shares today. I wish they could take cash home from overseas though without all the taxes. Bigger dividends would be awesome too, but so would more expansion in the US.

 Apple is operating in totally uncharted territory, and is currently where no other tech company has ever gone before. On the list of the largest Corporate earnings of all time, Apple's just released Q1 2013 results is number four. Apple holds three spots out of the top ten, and there's not a single other tech company there on that list to see. The only other companies that Apple shares space with on that list is with oil companies. When you get that big and are selling more than anybody has ever sold before in the history of the world, I think that it's pretty unrealistic and downright ignorant to keep expecting record breaking results that no other company has ever achieved before.

I think that the main cause behind the drastic sell off in AH is a combination of fear, stupidity, herd mentality and clueless people. Every tiny, negative thing (true or not) that has to do with Apple gets amplified at least a thousandfold, and leads to a very negative atmosphere surrounding the stock, including yesterday's ridiculous over-reaction. People talk about margins? Look at the damn margins of other tech companies, and anybody can see that Apples' are still very respectable and most other tech companies would kill to have Apple's margins.

Apple made a shitload of money last quarter, more than ever before, but I guess that that's simply not good enough. With the way that the stock dropped, you'd think that Apple reported that they sold one hundred iPhone 5s in total and had negative earnings. The way that Wall Street reacts to and treats Apple as a company is a total joke. 

I do also think that there might be something to be said about the law of large numbers. There are not endless Apple customers on planet earth, and even though there are still some emerging markets (China comes to mind), I think that there is a point where you will reach saturation in other, already established, developed markets. And to that I say, so what? That's just how things are. You can't change nature. Apple could release the best ever earnings in mankind's history, but if those earnings are one hundredth of a decimal point below the estimate of some analyst crackhead on Wall Street, then it is a complete and utter failure.

I was lucky enough to sell yesterday before the drop, but I'll probably be buying back in soon again, especially at these laughable prices.

Anybody who thinks the analysts and pundits are wrong can speak loudly by buying shares at the depressed prices.

Quote:

Originally Posted by LovejoyOne 

Anybody who thinks the analysts and pundits are wrong can speak loudly by buying shares at the depressed prices.
 

And I do. I'm never afraid to put my money where my mouth is. 

And not all analysts and pundits are morons, just some of them. There are quite a few analysts who have come out already and they have stated that their price targets for Apple remain unchanged. Apple shares at these dirt cheap prices are certainly a bargain. 

Wall Street is attempting to get Apple to invest in other startups and possibly to create new subsidiaries to spin off and generate IPOs. Apple accruing larger and larger percentages of its market value in total cash will reach a point where the market has to stop attempting to force Apple to do what it does not want nor need to do.

Congrats Apple! F*** the haters.

Fortunately Apple doesn't play to the investor market. Imagine if they were to spilt the stock 10-1... the price would take off like a rocket.

They used to split the stock in the 80s and 90s, but haven't done this for a long long time now.

When your biggest problem is you cannot keep up with demand, and you're generating 30% margins where everyone else generates 3%, what is the issue, really?

60% of Verizon's smartphone sales were iPhones. I'm sure AT&T was more.

With "problems" like this, who needs failure?

So does that mean the "actual" P/E is 7.1!  I don't know the technical term - hopefully someone can provide it.  But here is how I got that:

436B Market Cap - 137B Cash = 299B 'leftover' market cap.

299B / 42B in yearly profit (for 2012) = 7.1!!!!