I’ve just been over to NASDAQ.com to look at what the analysts think of AAPL. It reaffirmed my faith in analysts being less reliable than weathermen. Depending on the analyst you read you should either buy as much AAPL as you can carry or you should run away like a skinny ginger in Ferguson.
Here’s my analysis. It’s fairly brief so watch closely or you’ll miss it.
I can’t get an iPhone from either AT&T store in my neighborhood or from the local Best Buy. They’ve been selling the dogdamn thing since September and I still can’t get one. My daughter has one. My wife has one. I figured that if I waited until November, I’d be able to get one pretty easy. Nope. Apple is selling the iPhone 6 and 6 Plus faster than they can get the nasty things built.
You can do all the technical analysis you want. You can look at forward earnings, P/E ratios, 50 day moving average, alpha, beta, insider holdings, and all that shit until your eyes bleed and then you can do your level best to convince me of buy, sell, hold, overweight, outperform, whatever. At the end of the day, though, Apple is selling its products as fast as it can build its products.
As a consumer who wants an iPhone 6, that’s annoying as hell.
As an Apple stockholder, it’s wonderful.
An old guy goes into an ice cream shop. He’s obviously struggling to walk and in pain as he approaches the counter to order.
When asked what he wants, he says as he winces, “I’d like a chocolate sundae with whipped cream.”
The clerk asks, “Crushed nuts?”
He replies, “No. Hemorrhoids.”
Apparently there’s still a dust-up over Pay versus CurrentC. CVS and RiteAid and Wally World are going to test their ability to say,”We don’t want your money,” to a swillion skillion iPhone 6 users who have waited MONTHS for the chance to use Pay. Next year, when they get CurrentC operating they’ll be able to count on the Android Lollipop I-don’t-spend-any-money-but-I-have-a-smart-phone demographic. That should work out well for them.
CurrentC will be a sales promotion for iPhones, going forward.
That’s just too mellow to end with.
There. That’s better.