I think they had to reset the expectations a bit. I'm not particularly surprised, and the market will probably show some negative reaction. |
If you look at the stock price, it's obviously been a darling. Expectations were very high. . . . Apple had to report a flawless quarter. It wasn't flawless. |
In our view, Dell is pretty much the same company and we believe most have forgotten about its structural and cost advantages with its world-class supply chain and direct model, |
It makes the second half more difficult now (for PC makers). There's less of a driver for sales. |
It's a game changer. With the Mac running Windows, why would someone go buy a PC. |
It's an excellent question. You look at last quarter, their gross margin went down a bit sequentially. |
It's hard to cut costs and improve revenue at the same time. But HP is paying less and getting more. |
It's probably closer to 2 million as we enter the holidays. |
It's the flight to quality. Investors want to own the names that are doing well. |
It's the law of large numbers. The pace of growth had to come down, but that's still a very large base of users that Apple can sell additional products and services. |
No one had any doubt they would reach 1 million (downloads). But I think the speed of adoption is ahead of expectations. It's a good sign for Apple, and its strategy. |
Now that we are not in the holiday period, price matters, and that's why we expect that to see the biggest decline. |
Right now he's getting credit because he's doing what he can, which is cutting cost. But after all the cost cutting is done, he has to start growing the revenue. That's the main reason why I have a hold on the stock. The top-line growth is not that impressive. |
That shows you that their profitability is still intact. |
The numbers look good. The earnings show the operating leverage is still strong. |