Revenue was light. In general, weaker than everyone expected on the top line and guidance was similarly weaker than what everyone was expecting on the top line.
Source: cnbc.com
Want to know how a stock like AAPL goes from $705 to $485 in three months for no real reason? Here’s the truth about how the market works.
Source: youtube.com
Green line: me.
Blue line: S&P 500.
123.17% gain in a month. Not too shabby.
Payrolls Probably Rose in November as U.S. Economy Grew - Bloomberg
An increase in November payrolls probably pushed U.S. job gains past the 1 million mark for the year as the world’s largest economy strengthened heading into 2011, economists said before a report today.
Actually, they were up 39,000, not even enough to keep the percentage rate from increasing. Yikes.
On Apple's $40 billion, and the question of dividends
Apple has not declared a dividend since December of 1995. After the last shareholder meeting, Steve Jobs stated that the money was best left in the bank so there would be no question of loans if something big was to be bought. “The cash in the bank gives us tremendous flexibility,” explained Steve.
That’s true, but that’s not the reason for no dividend. Dividends necessarily impact market capitalization negatively. Few things, in my mind, are as important to Mr. Jobs as Apple exceeding Microsoft in terms of market capitalization. AAPL needs to get to around $300 per share for this to happen; it’s trading at $235 today after trading as low as $78 a year ago. Jobs will do nothing to harm his ability to reach this goal, unless it’s significantly positive for the business. For example, long-term component deals, minor acquisitions and similar methods of using that warchest are fine. Simply “giving it away” to shareholders that are already seeing a gigantic yield? Never.
Source: tuaw.com
