Apple closed over 500 Friday at $502.36 passing Exxon as the #1 most valuable company in the world, again, for the 3rd or fourth time. I've lost track. AAPL is up a bit this morning, Monday, August 19th
Monday, August 19th:
Apple's bungee jumping June quarter: Who bought, who sold.
Apple regains No. 1 most valuable crown
I've been trying to figure out why Apple executives and directors were selling big chunks of their AAPL stock last week.
Especially when some big name Investors were buying large chunks of AAPL.
The two dynamics didn't match-up. (see Friday's post and others from last week)
I've found this article by a contributor-writer on Seeking Alpha and an AAPL investor, Robert Paul Leitao.
There is a registration required to read the full article, but it's free.
Add this to the glass half-full/glass half-empty debate on Apple.
Here are a couple of paragraphs from Leitao to think about after reading Phillip Elmer Dewitt's commentary on Apple's "bungee jumping June quarter" at the top of page.
Apple's Challenging Metric Conversion
...In late October, Apple is likely to report negative net income growth for the fiscal year ending in September and a fourth consecutive quarter of tepid revenue growth. The deterioration in Apple's year-over-year profitability is due in part to the outsized revenue and earnings growth rates achieved in the prior fiscal year. In FY2012, Apple's revenue rose 44.58% and earnings per share rose 59.60%. In the first three quarters of the current fiscal year, Apple's revenue growth rate was 10.7%. Net income, a better metric than earnings per share as Apple repurchases tens of millions of shares, is down 11.89% year-over-year...
...Apple's massive share repurchase program will buttress the share price and amplify the impact of rising net income on earnings per share. However, to move the share price well beyond Friday's closing price and capture new all-time highs, management must meet the challenge of reversing the decline in key performance metrics. For shareholders, Apple's metric conversion must begin this fall.
Hmmm?
Apple's Phil Schiller sells $18.6M in AAPL stock, SVP Dan Riccio sells $1.9M
Exclusive: First data center buildings up at Apple, Inc. Reno iCloud facility
Report: iPad mini's touchscreen tech will enable a lighter, thinner iPad
Apple campaign for businesses to convert tools to iPad apps
The graphic below has nothing to do with the video teaser to be shown at movie theaters.
A reader of this site, Mac Rumors, submitted it in the reader response comments.
Apple begins showing Mac Pro teaser
in movie theaters: Fall 2013 Announcement
5 big rumors about Apple's September event
Makes one wonder, what will they do with the iPad and iPad mini screen dimensions?
The iPhone 5c is all about building share for 16:9 screen
Apple converted three times as many Samsung users than the other way around
CIRP survey: Where Apple and Samsung get their customers
Apple Stores to push Parallels/Windows 8 on Mac
iPhone is used more, a lot more, on the internet than Android, especially in the US, so that begs the question:
Are Android's numbers reports meaningful if Android devices aren't being used as much as iOS?
Startups apparently do not care that "Android is better."
Most tech companies are still iOS-First
I think the ugly colored plastic iPhones are destined to stay in the far east, mainly China to compete with (see previous post)
'iPhone 5C' expected to replace iPhone 5, while Apple's iPhone 4S will live on
Why Larry Ellison is wrong about Apple
New Apple, Inc. ads again add ink on iPad apps
Supposed gold color variant of next iPhone shown off in pictures
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