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Will AT&T's bad news feed the Apple blues?

Posted Jan 8th 2008 6:37PM by Peter Cohan (RSS feed)
Filed under: Apple Inc (AAPL), AT and T (T), iPhone

Apple Inc.'s (NASDAQ: AAPL) stock has lost 15% of its value since it peaked at $202 a few weeks ago. How much further will it drop?

Apple partnered with AT&T Inc. (NYSE: T) for the introduction of Apple's iPhone. Bloomberg News reports that AT&T's CEO see softness in consumer markets. As people foreclose on their homes, AT&T is disconnecting more home-phone and high-speed Internet customers for failing to pay their bills. Are iPhone customers too affluent to stiff AT&T on their bills?

Meanwhile today's introductions of new Mac Pro computer and Xserve server products have not helped Apple's stock which dropped $6.39 today. At a Price/Earnings to Growth (PEG) ratio of 1.6 -- on a Price/Earnings ratio of 45 and earnings growth of 28% to $6.49 in the year ending September 2009, Apple stock does not look cheap.

Does Apple have further to fall or is it a screaming buy at $171?

Peter Cohan is president of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in the securities mentioned.

Apple after the bell 10/10/2006: getting ready for 4th quarter reports soon

Posted Oct 10th 2006 4:47PM by Tobias Buckell (RSS feed)
Filed under: After the bell, Products and services, Competitive strategy, Apple Inc (AAPL)

Apple Computer, Inc. (NASDAQ: AAPL) ended the day at $73.81, down 82 cents or 1.10%. While Disney so far has been the only studio to set up digital movie downloads through the iTunes store. Our own Matt Himmler took a look at rumors that four of the six other major studios are getting ready to jump on board with Disney, though they're still eyeing how Disney is doing so far.

On October 18th Apple will be discussing 4th Quarter earnings and sales. We'll be liveblogging that here at Bloggingstocks, but for an inspired and somewhat optimistic look at what numbers we might see, check out Switch To A Mac's very detailed analysis.

Analysts and investors will certainly be looking very closely at how the switch to all Intel chips will have boosted sales, as well as whether desktop sales have picked up thanks to the MacPro.

Apple after the bell 08/08/06: downwards slide continues with disappointment in WWDC announcements

Posted Aug 8th 2006 6:11PM by Tobias Buckell (RSS feed)
Filed under: After the bell, Analyst reports, Products and services, Consumer experience, Competitive strategy, Apple Inc (AAPL)

Apple's stock continued to slide today, down $2.43 to end at $64.78 as investors reacted to the lack of unexpected product releases at Apple's developer's conference with disappointment. As some pundits have pointed out, WWDC is a developers-oriented conference. This should not be a surprise. Announcing the expected and high-end Mac Pro made sense (and as American Technology Analyst Shaw Wu points out the Pro will likely sell well due to pent up demand from high-end users who've been waiting for it), consumer products in the line would make more sense to be announced closer to the back-to-school season.

Indications that consumer products and updates are still in the pipeline come from Robert Scoble, who apologizes for helping fuel the Apple rumor cycle, but maintains his sources say some exciting stuff is coming soon.

Apple after the bell 08/07/06: WWDC not enough to buoy Apple against stock options scandal

Posted Aug 7th 2006 4:26PM by Tobias Buckell (RSS feed)
Filed under: After the bell, Bad news, Press releases, Products and services, Launches, Industry, Competitive strategy, Apple Inc (AAPL), Marketing and advertising, iPhone

Today at WWDC Apple announced new pro level desktop machines and updated its server offerings both to use Intel chips with all the power savings and speed boosts that were expected to come with such a transition.

Steve Jobs also previewed the new OS that will come out this spring, called Leopard. 64 bit computing, improvements to iChat, virtual desktops, and an automatic backup or versioning system built into the system called 'Time Machine' were debuted.

What didn't debut? The flurry of predicted items that Apple had never promised, including the iPhone, the touch-screen full-screen iPod, and many others. Apple closed the day down $67.21 a 1.6% percent drop. With pressure from the backdated stock options scandal and the disappointment from the rumormill that had some overexcited about the next iWhatever, one can expect dips in Apple stock here in the next few days.

If you are strong on the company, remember to view the upcoming dips for what they are: buying oppurtunites.

New Apple desktop and server machines announced

Posted Aug 7th 2006 1:55PM by Tobias Buckell (RSS feed)
Filed under: Products and services, Launches, Industry, Consumer experience, Competitive strategy, Apple Inc (AAPL), Marketing and advertising

Apple has completed the transition to Intel chips on all its computers. Today at Apple's World Wide Developer's Conference Steve Jobs announced the all new dual Xeon-based Mac Pro, the widely anticipated replacement for the old G-5 Powermac. The enclosure is the same, but everything inside is different. Also moved to Intel chips were Apple's xServe computers with a similar Xeon boost.

The power used to gain its performance is less, and the 64-bit dual chips are supposed to give this machine a great deal of zip. Sluggish pro desktop sales might be goosed up a bit if pro users feel that this was the right move for them. The story is covered at Engadget, along with live coverage right now of the WWDC keynote speech by Steve Jobs and other Apple employees.

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Last updated: November 25, 2009: 11:50 PM

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