Wednesday, July 22, 2009

La pomme d'or

That's "the golden apple" in French. Reading some headlines in the major French newspapers this morning online, I was struck by their clarity and perspective on the earnings report from Apple yesterday after the close of the market. Here are the headlines:

Pour Apple, "la récession n'existe pas" - Le Monde

Apple snobe la crise - Le Figaro.

Translations are "For Apple, the recession does not exist" and "Apple snubs the crisis".

Rather positive, no ?

Here's FT: Apple profits soar on strong iPhone sales - "Apple blew past all but the most bullish predictions in the fiscal third quarter, driven by sales of 5.2m iPhones, more than seven times the volume of a year earlier.

The sales figure is all the more remarkable because the period ending June 27 took in the introduction of the Apple 3GS and the halving of prices on the older 3G models, to $99, with both occurring in the last month of the quarter."

Here's WSJ: Apple Net Up 15% on iPhone Surge - "Apple Inc. continued to buck the recession, posting a 15% jump in quarterly profit and saying it was unable to supply enough iPhones and Macintosh computers to meet demand."

Apple delivers year-over-year profit growth in a severe recession.

What can one conclude ?

People will spend money for a high quality, well-designed premium product that delivers its promises. If one listened to the US press, one would think everyone in the nation was brown-bagging it and buying only store brand items. True, they are doing that more often, BUT they also have the money and desire for good, new products. Putting this together, one can see that people are being smarter buyers. That's not pessimistic - just smarter.

The world is not ending - people are slowly learning to be smarter. There is a bright side.

Mrs. B owns AAPL in her Sky Fund.

In my "humble" opinion, AAPL will eventually get 25% of the PC market as Windows continues to deliver crappy operating systems. People will get more comfortable buying Macs as they get experience with their iPhones, iPods and other small computers to come. That means huge earnings growth for years.

Word of the Day

"Encomium" - noun [$10]
Encomium means 1. glowing and warmly enthusiastic praise; also an expression of this; 2. a formal expression of praise: tribute.
Sentence: Apple's operating performance deserves universal encomiums, but the doomsters will find something to gripe about.

Le Mot du Jour

"Pomme" - noun, feminine
Pomme means apple - the fruit. La pomme de terre is the potato. "Pomme" can also mean a sucker and is used in a number of other expressions.
La Phrase: La tarte aux pommes est un dessert délicieux.
Sentence: Apple pie is a delicious dessert.

36 comments:

Spin-em said...

THEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE.
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YANKEES WIN!!!

IN FIRST!!!

NO WAIT THE RED SOX BEAT EM 8 TIMES!!

GUESS WHAT??...WHO CARES!!!!!

ROFLMAOOOOOOOOOOOOO

Spin-em said...

In general..I dont like to gloat....but azzhead hates the yankees sooo much and always jumps on em like the bq's on Andy at Shawshank....so I thought it be ok.looooool...

Wakefield DL.....lets see if they try and "buy" the pennant and go for Holliday..will azzhead be bitchin about that???...OHHHHHH NOOOOOOO HE WONT...BUT IT WILL SHOW THERE'S PANIC IN BEANTOWN..LMAOOOOOOOOO

LMAOOOOOOOOOOOOOOOOOOO

Frosty said...

Bunky fins as a ratio of spiddy no longer appear to be rolling over, they are...can we continue the rally without them...is AAPL more important, sure sounds like you think so.

Frosty said...

the transports have yet to make a higher high, not that they can't, didn't like the reversal yesterday...the nasty looks very narrow, perhaps AAPL will help but only 50 new highs after 10 wins in a row....where the heck is the volume.

mfl59 said...

Bob its a bull market...what is your problem? sheesh

Bunkerman said...

volume is dead permanently - revert to pre-beefer trading era.

Bunkerman said...

go ahead and gloat .... YAYYYYY YANKEES !!!!!

The the Yankees in 1st place, the Universe is in teleological harmony again.

Bunkerman said...

Are real buyers going to buy up here without more good news ?

without Ben being re-appointed ?

I think not in any size.

[I'll buy FCX on a dip today - that will kill the rally]

Bunkerman said...

lots of the old volume was fake anyway - computer day-trading programs, other fluff like that.

Bunkerman said...

"Buck fever" Bman just bought some FCX in Fido Fund.

That should cause a big pullback.

Bunkerman said...

fwiw, Fido Fund is the following now:

JPM, HBC, UNP, DVN, BHP, FCX, CCJ, RIG, RIMM, GOOG.

mfl59 said...

"real buyers buy on dips"

FCX up 14 points in 7 days....

Bunkerman whats going on?

Bunkerman said...

oh, I just canceled a FUBAR sale of it when I dumped all the Obama Fund. Admitting error and accepting the 10 pt punishment.

If it drops back, I'll double up. But I figure it goes to 100 in a year and don't want to miss it if it runs.

That is real buck fever, true.

Or accepting error from another perspective.

Why let those 1o pts possibly make me miss 40 more ?

mfl59 said...

Indeed....well done Bunkerman....

Kudlow is very bullish....

Bunkerman said...

Kudlow roflmao what a fool

Spin-em said...

Bunk whats that french love song translation on that STT ad with the dogs??..Do you sing that to Mrs B after a trip to the Rust belt?lol

Bunkerman said...

"french love song translation on that STT ad with the dogs??.."

I don't think I've seen it. I never watch TV much. Even Blabberg, if on, is on mute lately

mfl59 said...

More good news Bunkerman....Ron Insana is bullish....

Frosty said...

sell the dips buy the rips...I doubt fat al is ammused...46 dictionaries in different tounges all missing the word patient...am I from Mars?

Bunkerman said...

I admitted I had buck fever.

Insana bullish ... uh oh.

I'm certain to be punished for this buy.

Bunkerman said...

in German, 'patient' is 'geduldig'

mfl59 said...

Nice buy on FCX bunkerman....you flip any yet, or?

Frosty said...

Mrs B...any wild aaazzz caution to the wind wtf buys for you today...nononoo, I didn't think so...your the best

Bunkerman said...

no, I've been taking care of my businesses.

It's a "long term" investment. I'll hold out for $120.

uh ... unless something changes.

Bunkerman said...

Mrs. B is doing nothing on stocks. She despises Obama.

Bunkerman said...

sheesh, mfl ... do I look like a piker who would flip something for a 1.5 pt. profit ?

I'm not a minnow in some aquarium acting like a whale.

Bunkerman said...

I don't go around with the high fiving & saying "danke vielmals" for a point ...

I want 40 points !!!

mfl59 said...

MVP MVP MVP

welcome back Bunkerman...

Bunkerman said...

of course if one gets 40 points in a certain minnow aquariums, the grupenfuhrur doesn't like it to be acknowledged.

Frosty said...

what if Bunky and Spin met on the mean streets of dodge city 100 yrs ago...Bunky leaves six in the dirt before his colt clears the holster...Spin with a shake of his head, pats bunk on the back and buys him a beer.

Bunkerman said...

uh frosty, I think you mean 140 years ago.

I don't think there were machine pistols then ;)

I'd hope Spin would buy me a whiskey ...

Frosty said...

uh Bunky...I could have said met last night on the mean streets of the ghetto Bud lives in.

Spin-em said...

"Bunky leaves six in the dirt before his colt clears the holster"

Frosty dictionary....he's sayin ur gunna to be buying that all the waaay down rather than waiting say t2108 20's

dont machine gun the messenger..lool

Bunkerman said...

lololol

thanks for the translation

Bunkerman said...

here is where I'll be Friday & Saturday ->

http://greenmountainboysshootingclub.com/

Celebrating the Second Amendment...

and freedom.

Spin-em said...

ill be here monday plenty of seats..lmaoooooo

http://baltimore.orioles.mlb.com/index.jsp?c_id=bal

still room in schedule to play Renditions..if "anybody" is interested....loser pays...that includes Nancy from the ladies tees....LMAOOOOOO