09-10-2013, 09:41 PM
Huh, ended the day still down more than 2.25 percent.
Watching Apple the company and AAPL the stock makes me sometimes think that I'll never really understand investing. I own 25 shares at an average price per share of about $499. So I'm about break-even on the shares, though I've enjoyed a few dividends now.
I'm comfortable and happy holding the shares because I believe that they will be able to pay and raise the dividend for a good many years to come, but I have completely given up trying to predict, or even get comfortable with the share price movement. Sometimes I think Apple is saddled with grossly unfair expectations -- the stock gets killed because the company hasn't revolutionized the world, yet again, in the last 18 months. Every other stock on the planet is allowed to just iterate and improve within its industry, but if every two years Apple does not define and conquer a whole new market segment that never previously existed, everyone bemoans that Apple's innovation is dead and the stock languishes? Meanwhile, they are printing money selling devices as fast as they can to an incredibly loyal customer base.
I get that they are in the tech space, and I'm going to write another post after this one in another thread about how I am considering stopping automatic reinvestment in my tech holdings. But even if Apple never innovated again, I think the stock price is unfairly beaten down.
All of that said, I too was disappointed that today's presentation did not include "one more thing." But I agree with you tom that the 5S looks excellent, and the new features may actually get me -- quite the cheapskate -- to upgrade when I don't really *need* to (from my 4S). I definitely want the better camera, and I am extremely eager to hear that the fingerprint scanner works as advertised. I would be glad to hand over a lot of money to upgrade to a security approach that might start to free me from the password hell that we all currently put up with. I also thought the motion-control chip / health features thing sounded intriguing, and possibly Apple's bridge to wearable tech (if they aren't making that approach obsolete already).
Watching Apple the company and AAPL the stock makes me sometimes think that I'll never really understand investing. I own 25 shares at an average price per share of about $499. So I'm about break-even on the shares, though I've enjoyed a few dividends now.
I'm comfortable and happy holding the shares because I believe that they will be able to pay and raise the dividend for a good many years to come, but I have completely given up trying to predict, or even get comfortable with the share price movement. Sometimes I think Apple is saddled with grossly unfair expectations -- the stock gets killed because the company hasn't revolutionized the world, yet again, in the last 18 months. Every other stock on the planet is allowed to just iterate and improve within its industry, but if every two years Apple does not define and conquer a whole new market segment that never previously existed, everyone bemoans that Apple's innovation is dead and the stock languishes? Meanwhile, they are printing money selling devices as fast as they can to an incredibly loyal customer base.
I get that they are in the tech space, and I'm going to write another post after this one in another thread about how I am considering stopping automatic reinvestment in my tech holdings. But even if Apple never innovated again, I think the stock price is unfairly beaten down.
All of that said, I too was disappointed that today's presentation did not include "one more thing." But I agree with you tom that the 5S looks excellent, and the new features may actually get me -- quite the cheapskate -- to upgrade when I don't really *need* to (from my 4S). I definitely want the better camera, and I am extremely eager to hear that the fingerprint scanner works as advertised. I would be glad to hand over a lot of money to upgrade to a security approach that might start to free me from the password hell that we all currently put up with. I also thought the motion-control chip / health features thing sounded intriguing, and possibly Apple's bridge to wearable tech (if they aren't making that approach obsolete already).