Author Archives: Philip Elmer-DeWitt

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How Apple propped up its stock price last quarter

The company bought and retired 92.5 million of its own shares in fiscal Q4 2018.   That’s more than these 34 funds sold in the same 90-day period. Click ...
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Zuck vs. Cook: Look which sites carried Facebook’s water

According to the New York Times, Tim Cook’s criticisms infuriated Mark Zuckerberg. Zuckerberg’s petulant order that Facebook’s management team swap their iPhones for Androids got the most press (for ...
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Apple giants: Who bought, who sold last quarter

As Apple shares soared last quarter, Blackrock, Vanguard and Northern Trust sold.   The big buyers among the big 20 in fiscal Q4 2018 were Fidelity, Morgan Stanley and Janus ...
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WSJ: Apple’s not in film business for the money

From Tripp Mickle and Erich Schwartzel’s Apple Partners With Movie Studio A24 to Make Feature-Length Films in Friday’s Wall Street Journal ($): A24 became one of the buzziest companies in Hollywood ...
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As Apple rose, funds dumped

According to Whale Wisdom, 1,481 funds either reduced or closed their Apple position in calendar Q3 2018.   Here’s how Apple’s shares performed in calendar Q3: Click to enlarge. ...
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Unit bombshell blows $168 billion off Apple’s market cap

Did the blowback take Tim Cook and Luca Maestri by surprise?   Market cap Nov 1: $1.055 trillion Market cap Nov. 14: $886.44 billion Source: YCharts. Click to enlarge.  ...
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Morgan Stanley: Buy Apple amid supply chain noise

Katy Huberty says Mr. Market is way too hung up on unit sales.   From a note to clients that landed on my desk Thursday: The 8.5% decline in ...
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Leaked Apple AirPod photos: What’s different?

From BGR’s Zach Epstein: Leaked photos show Apple’s next-gen AirPods for the first time ever: Anonymous Twitter user “Mr. White” has been sharing photos of unreleased products and components ...
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Watch CNBC bears kick Apple on the way down (video)

Shark Tank’s Kevin O’Leary sets the tone, blaming Tim Cook and his unit shares bombshell.   From Wednesday’s HalfTime Report: We were together when the print came the night ...
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At $188, did Apple just hit bottom?

Time will tell, but even with this week’s lowered targets I can only find two analysts betting that the stock goes deeper. Below: My full list of Apple price targets, as ...
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UBS cuts Apple price target on ASPs, China sales

From a note by analyst Tim Arcuri snagged by CNBC: “Unlike last year [we] do not see ASP (average selling price) increases providing enough offset, with our forecast that ...
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Guggenheim downgrades Apple, drops $245 price target

Analyst Robert Cihra has lost faith in “growth via ASPs,” won’t hazard a guess on where the stock is headed.   From a note to clients that landed on ...
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Apple’s ‘peak iphone’ bungee jump

“If you can keep a good stock down, then you are able to load up for the ride back up. It’s like a slingshot — the harder you pull, ...
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Does Apple REALLY want you to keep your iPhones for longer?

Two ways of looking at the iPhone’s lengthening replacement cycle.   At Apple’s iPhone product announcement in September, Lisa Jackson—former EPA administrator, now an Apple VP—said that the company ...
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Goldman Sachs cuts Apple price target on Lumentum news

Could be a bad sign. Could be a misread signal. From a Rod Hall note to clients snagged by CNBC: Goldman Sachs estimates Apple will produce 6 percent fewer ...
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