Apple playing dirty. Got caught. And paying big price.
Ives rates the stock at Outperform with a $250 price target. Shares of Apple were up 0.5% Wednesday to $197.09. The stock has jumped 52% this year.
Apple currently has a market cap of about $3.1 trillion. The stock would need to close at $257.19 a share or higher to reach the $4 trillion market cap milestone. Thatâs a 30.6% gain from Tuesdayâs close.
Just reiterating some old news and views:
AAPL investors donât care much because such disputes are common in healthcare industry and happened a few times in Apple history. Only ignorant non-AAPL investors or gullible people who are easily influenced by media think is a big deal.
Btw, the China ban is a storm in a teacup. Many Chinese government officials have two phones: an iPhone and a Chinese phone for official use. There is no impact on iPhone sale. However, would increase sale of Chinese phone esp by Huawei since those government officials who donât have two phones have to buy a Chinese phone.
Both FUDs are ignored by AAPL investorsâŚ
These Chinese government officials must really love Apple to effectively pay double for their beloved iPhones. No doubt some will. But will all or even most of them pay double? Unlikely.
Every big trend starts from small steps, and the trend has been clear for a while now.
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Response to your comment has already replied before you asked.
Need to repeatâŚ
âŚ
Are you referring to decline of SF?
Just repeating in case you missed it.
Hiking the price by 100% has no impact on sales?
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Assuming is true that prices have doubled (from?). This
point has nothing to do with what I have said. Shouldnât be used as a response.
Why not?
For some random government employee thinking of upgrading his iPhone, he now has to also buy an android phone to use in office.
So now he would need to buy 2 phones if he insists on buying an iPhone. Versus just buying a Xiaomi or Huawei.
Most of the phone capabilities are abstracted away in all these super apps in China. People donât use iMessage. They use WeChat. They donât use Apple Pay. They scan payment QR code with cameras.
The phone OS is vastly less important for Chinese users than the rest of the world.
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You answer it yourselfâŚ
That is they donât have two phones. Is not the same group asâŚ
âŚ
You have a habit of changing the context. I was talking about government officials and not all ChineseâŚ
Chinese officials are also Chinese. They also use WeChat and Alipay.
We are talking about new government policies rolling out in more Chinese government agencies. Previously these government workers were not banned to carry iPhones. And as this government ban trend becomes clearer to people, government employees now know itâs just a matter of time before their own agencies will ban iPhones. They will think twice before investing in an iPhone.
Thatâs speculating. One have to understand why they are using iPhones whenâŚ
Before concluding they would not be buying an iPhone.
Y = f(x1, x2, x3, âŚ). Media highlights x1 does not mean y = f(x1) or x1 becomes dominant.
I just think that increased friction => less sales.
Not saying it will be zero. Just reduced.
Overall the Chinese society is closing off. Trend will be to look at all foreign ideas/goods with increasing suspicion. We are just seeing more and more of this trend strengthening everyday.
Will be increasingly tough for all foreign brands including Apple and Tesla.
Both comments still apply.
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Yet to be confirmed. Lowest so far is $192.97
Apple is losing design talents.
Surely nothing to worry about. Apple is master of every new tech and will win under all circumstances.
Elderly leave, youth rise.
Rejuvenation.
Tan Tang Yew - Malaysian born Singaporean, now American.
Dec 27, 2023
Low so far is $191.09, below $191.5. AAPL is in wave 2. $199.92 is wave 1.
Looking at the chart, most likely wave 2 should complete around 50-day SMA or $187.46.
Since non-aapl investors and Apple haters post FUDs and wonât post positive newsâŚ
https://www.reuters.com/legal/apple-wins-bid-pause-apple-watch-ban-us-appeals-court-2023-12-27/
Apple (AAPL.O) can for now resume sales of its flagship smartwatches, after a U.S. appeals court on Wednesday paused a government commissionâs import ban on the devices imposed in a patent dispute over its medical monitoring technology.
