Forget about the “peak iPhone” problem: Goldman Sachs thinks this year’s iPhone 7 is going to be a big one for Apple.
Coming off the back of Apple selling its billionth iPhone sometime this summer, the bank’s senior equity research analyst Simona Jankowski says the number of people clamoring to get their hands on Apple’s next-gen iPhone will be “remarkably high.”
Stocks have been getting crushed all year, but according to Goldman Sachs, now is the perfect time to starting betting on Apple options.
Goldman Sachs’ options team has pointed out that Apple options prices are especially low right now compared to the the S&P 500, making it a great target for purchasing a ‘straddle’, which could score investors a big payday if Apple shares move higher or lower than currently expected.
Straddle options work by allowing investors to purchase a bullish and bearish option on a stock so that they make money off the volatility of shares. It’s an advanced investment for most traders to make and it’s not cheap, but Susquehanna’s Stacey Gilbert explains that it’s cheap relative to volatility expectations for the overall market.
I’ll never cease to be amazed by how Apple can announce record-beating quarters and introduce hit product after hit product, only for Wall Street to turn around and channel the old disapproving parental message of, “We’re not angry, just disappointed.”
Fortunately, Goldman Sachs has broken with tradition by issuing a note to clients with its strongest of recommendations that they buy AAPL stock — stamping it with a “conviction buy” rating, based on Apple’s potential for continued growth.
Life at Apple has been phenomenal ever since Tim Cook took over as CEO. AAPL shares are up 120 percent. 750 million iOS devices have been sold. $100 billion was returned to shareholders. And Apple just became the first $700 billion company in history.
To celebrate a successful 2014 campaign, Cook sat down with Goldman Sachs President Gary Cohn today to talk about how Apple achieved its unbelievable results, as well as what other tricks the company has up its sleeves.
Here are the 12 biggest revelations from Cook’s Goldman Sachs tech conference appearance:
Peter Oppenheimer doesn’t get a lot of the spotlight at Apple – unless you’re tuning into a quarterly earnings report – but the Apple CFO plays a huge role in Apple’s profitability and now he’ll be lending his talents to Wall Street by joining Goldman Sachs Board of Directors. If you’d like to know more about his career and impact at Apple, check out this article.
Goldman Sachs announced this morning that Oppenheimer will join the board immediately as an independent director of the firm:
I’ve madea a point of trying to read more books this year than ever before. The fact that I can have books on my iPad, e-reader, and even on my phone (along with good old-fashioned paper books), I’ve got more to read now than ever before and that’s a good thing. But with all of that reading material it would sure be nice to up my reading speed.
That’s what this Cult of Mac Deals offer aims to do. In fact, with this Speed Reading Course, Udemy guarantees you will read at least 33% faster – or you have 30 days to get your money back! And you can get this course for only $49 for a limited time!
I’ve madea a point of trying to read more books this year than ever before. The fact that I can have books on my iPad, e-reader, and even on my phone (along with good old-fashioned paper books), I’ve got more to read now than ever before and that’s a good thing. But with all of that reading material it would sure be nice to up my reading speed.
That’s what this Cult of Mac Deals offer aims to do. In fact, with this Speed Reading Course, Udemy guarantees you will read at least 33% faster – or you have 30 days to get your money back! And you can get this course for only $49 for a limited time!
During today’s annual Goldman Sachs conference, Tim Cook spoke about the culture of innovation at Apple. While Wall Street has started losing faith in the company’s ability to grow, Cook has “never been more bullish on Apple.”
Cook still sees Apple as the leading innovator in the tech sector, and he believes there are two key aspects that fuel the company’s success.
At the end of his presentation this morning at the Goldman Sachs Technology and Internet Conference, Tim Cook was asked what he’s most proud of at Apple now that he’s had a full year under his belt as CEO.
Cook was emotional during his response and fought back some tears as he described the things that he’s been the most proud of during his past year at Apple. Above all, Cook said that he’s proud of his employees, but then he gushed for a few minutes on all the great things Apple’s doing, like taking a stand for workers in China.
Continuing his remarks at Goldman Sachs’ conference, Tim Cook made a series of comments in regards to whether or not Apple had reached its limit. His response?
“Apple has made products for years that people didn’t know they wanted and now they can’t live without. We don’t believe in limits.”
Speaking at Goldman Sachs today, Apple CEO Tim Cook was asked how Apple intended to address market share in emerging markets, in regards to a cheaper iPhone.
Cook’s response didn’t spill any secrets, but did make it clear that Apple wasn’t interested in just hitting a price point for market share. Apple solves pricing problems by inventing entirely new killer products.
Speaking at today’s Goldman Sachs Tech Conference, Apple CEO Tim Cook was asked a series of questions about the recent controversies involving Greenlight Capital’s David Einhorn, who believes Apple wants to eliminate preferred stock and is suing the company over it.
Cook’s answers were candid, saying that the issue was widely misunderstood, and that he viewed the lawsuit as a “silly sideshow” that wasted the money of investors.
Apple CEO Tim Cook’s remarks at Goldman Sachs Technology and Internet Conference have just started. This is the second time Tim Cook has spoken at the Conference, and last year a number of interesting remarks emerged.
We’ll be live blogging Cook’s most interesting comments, but if you want to hear the whole thing as it is broadcast, you can hear it here.
It’s not often that Tim Cook speaks at a non-Apple event, but for the second year in a row, Tim is heading to New York City to speak at the Goldman Sachs Technology and Internet conference.
Last year, Apple’s CEO Tim Cook presented at the Goldman Sachs tech conference where he spoke about working conditions in China, why Apple TV is just a hobby, the popularity of the iPad, and much more.
Speaking at today’s Goldman Sachs keynote, Apple CEO Tim Cook began by bluntly addressing charges of worker abuse in Apple’s supply chain: Apple will not rest until every worker is guaranteed a fair, safe working environment without discrimination and at a competitive salary. Any suppliers who don’t take care of their workers will be fired.