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Apple Math: Market Share over Margins

 Jul 30, 2008 10:41 AM UTC
Return Risk
-9.09% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
AAPL Positive 07/30/08 -42.85% --

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

Why has the impact of 3G iPhone sales been nonexistent on Apple (AAPL) stock? Because investors are flunking their Apple math exam. The iPhone story grows larger by the day, we are now on day 18 of iPhone mania. Tuesday morning the Santa Monica Apple store had a 2 hour wait by 8:30 a.m. If one million phones sold in the first three days was impressive, then what we've witnessed since then is even more impressive.

It's time for a quick discourse on Apple math. Those, like CNBC's Jim Cramer, who believe this has turned into an event driven stock are completely wrong. It's all about the fundamentals. The lackluster response to unprecedented iPhone demand represents the greatest buying opportunity on Wall Street. Apple math sacrifices a big payday today for an even larger payday tomorrow. There are two components of Apple math creating this buying opportunity:




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