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Full one of the great spot in the markets today this -- having one of his best days ever after beating estimates for earnings and revenue after the bell last night.
The 5% -- may have been the result of a promise of new products this fall.
Can apple really make the Beagle come back again as Gary cap on a cap on -- managed to make.
-- so glad you're here this stock was 705 dollars at -- -- do you think it's ever gonna see that again.
Well I think the only good news is around that the height 300 so it looks like it's gotten a real good support level here's the problem apple has.
They already do a 150 billion dollars in revenues that is a tough -- to grow again from and it -- come out with something.
Great to -- -- -- new product or really improve what they already have.
I think it's just going to be a stock that waffles around a little bit the good news is -- only trade them eleven times earnings so may be some value players come in but the number is not really good at all.
That's the problem they are really struggling with growing top and bottom line right and because no product in three years -- do that.
Well it's four quarters in a row of decelerating earnings and revenues this what was the worst -- earnings down 20% sales were basically flat.
There is a bottom line about these product companies if you do not come with something new you're in trouble I have to tell you the iPad very disappointing.
Drop in those sales you take out inventory was still a 3% drop -- that's not good news for them although I have to say.
I mean it basically sold ten million iphones a month last quarter.
Considering never was waiting on bated breath for that the new five the -- five -- I'm surprised people are still going out buying this thing so that's to be somewhat of a positive.
Well look that that is good news -- still stuck -- -- thus only product but the problem is stock prices go up for a simple reason.
A -- of the sales in the earnings and next is gone at this point in time so value managers may take a look at it.
Odd but at this point for me on the growth guy I I really have no interest I think -- -- a little bit higher from here but I'm not so shore.
It could go much and I got to take.
I'm a little bit worried that they're making promises I wish they'd come -- actually say what you're about to do because if they don't come out with something in the fall.
That all of us on the market gets disappointed again it's gonna come right back down and go even lower right that's all that's setting expectations and you actually think they come out that apple TV -- they come out something that this.
It could set this stock on again.
I don't think it's ever gonna be on fire again like it has been over -- over the last many years but I do believe the stock could go higher.
But on a -- -- a nominal fashion.
You know I don't know about you but I think it's time to stop.
Invoking Steve Jobs right we keep -- back to what he's not Steve Jobs this would be different without Steve Jobs and you know it's Steve Jobs were alive.
Is that it indirectly come a stop to.
Well look Steve Jobs is an icon there is no doubt in my mind at this point there was a discount in the stock because Steve Jobs did pass away.
I think that does matter of just remember.
Markets are about fundamentals but there were also about psychology and it's also about who's running the company management so -- -- new guy in there.
And I'm not saying he's done a bad job I think he came in at the at the peak of -- cycle.
But he's not Steve Jobs Steve Jobs was a match up master innovator and who knows what they're missing because -- -- -- Sally it's going to be an exciting years I mean we're we're talking about my kids investing in this back before the memory of Steve Jobs goes away.
Gary cap on you're terrific thank you.
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