I Wouldn’t Buy Apple Stock

Andrew Anglin
Daily Stormer
May 9, 2017

The media is promoting Apple stock going up, which is causing Apple stock to go up.

Modern economics are retarded.

NBC:

Apple’s stock continues to hit new highs — and on Monday, investors pushed Apple’s total market value to over $800 billion.

Apple shares briefly surpassed a price of $153.44 a share, and with Apple’s 5.214 billion shares outstanding, according to its latest quarterly report, that makes its total market capitalization just over $800 billion.

Shares hit a high of $153.70 on Monday, before closing at $153 a share, up 2.7 percent.

The iPhone maker reported mixed quarterly earnings last week, selling fewer phones than expected, though at more expensive prices. But chief executive Tim Cook attributed some of the slowdown to the fact that consumers are holding out for the next launch, anticipated in September.

Wall Street seems to agree — analysts have upped the stock’s 12-month price target nearly 30 times so far this May, according to FactSet. Drexel Hamilton analyst Brian White released Apple’s highest price target on the Street on Monday, which at $202 a share would put Apple over the $1 trillion mark this year.

While that number may seem eye-popping, the company is already 80 percent of the way there — at least in the view of investors, who consider the company’s future earnings and cash, as much as its current product line up.

“What we’re starting to see here are dark clouds around this valuation of Apple — which has been with the company for several years — starting to part ways,” White told CNBC’s “Fast Money: Halftime Report” on Monday.

Despite the company’s record-high market capitalization, the iPhone 8, repatriation of foreign cash and new innovations on the horizon could fuel more upside for Apple shares, White said. Plus, the company’s weak performance in China could be turning a corner, White predicts.

Shares of Apple popped on Monday, after famed investor Warren Buffett also praised the company, calling the iPhone “a very, very, very valuable product.”

There is no reason that the lack of sales for iPhone 7 means iPhone 8 will sell better. That is just a baseless assertion.

The reason iPhone 7 sold poorly is that iPhone has peaked. Peter Thiel said it, I said, I think weev probably said it – every expert on these things agrees.

There is no conceivable feature that can be added to the iPhone 6 that will make significant numbers of people want to upgrade.

The smartphone has peaked. The only thing that can be added now are gimmicks. Even people with unlimited cash won’t upgrade for the sake of gimmicks, due to the hassle of learning a new phone, and just the general discomfort of parting with an item you are comfortable with.

Even phone games have peaked.

Freemium sim: peaked

Ballpopper: peaked

The only people who will buy a new phone for the sake of gimmicks are gimmick people, and in this case, gimmick people with large amounts of disposable income that are able to spend $800-900 on an item that does not provide any actual new functionality.

Beyond that, Apple has never been gimmick masters, and have instead focused on building very high-quality, highly standardized products. The gooks are the gimmick men, and every gimmick guy I know prefers Samsung and LG. For Apple to move into the gimmick zone would be sort of like when Johnny Depp, a previously well-respected actor, began only doing Pirate and Tim Burton goofball films.

Do you really want to go down that road, Apple?

If Steve Jobs was alive, Apple would be conquering the Internet of Things, planning to outfit entire “smart homes.”

With Cock-Gobbler Cook in charge, they’re talking about “oh don’t worry, this next phone that is effectively the same as the last two phones is going to sell BIGLY because the last one that was the same as the one before didn’t sell,” and then vaguely talking about an iCar, which would take years. And no one has any idea at all what the market for an iCar would be.

Sadly, Google and the Gooks (and possibly/probably Amazon) are going to run the IoT, and Apple is going to remain a phone and laptop maker. And sales are going to continue to stay static, as the only reason people will buy new phones now is the same reason anyone buys a new Macbook – just because it’s old. And because Apple makes genuinely high-quality products, that will only be every 5-7 years.

The difference is the home button. Literally, only difference. I know someone that has the 7 and have used it quite a bit.

If I was going to give you economic advice – and trust me, I’m not going to – I would advise you to sell Apple stock before the iPhone 8 is released.

I am hereby predicting that Apple will never hit a trillion dollars. Or, I mean, it will eventually because of inflation. But it won’t ever be worth any more than it is right now in relative dollars.

Unless they announce some push toward the IoT.

But I think if they were going to do that, they already would have.

Or if they announce a virtual reality device.

Or – and Tim Cook should pay me for this – they decide to conquer the vape market.

Can’t call it “iCloud” though…

Otherwise, the concept of “infinity Apple” is dead forever right now.