$Apple(AAPL)$ Gene Munster is pointing to remarkably long lines at Apple stores on the iPhone Duo's launch day, even with the high price tag. He sees that as support for his 20 million unit FY27 estimate, which would be around 7% of total iPhone units and well above the Street's roughly 12 million expectation. The extra 8 million units, driven by customers moving from phones with an ASP around $1,200 to the Duo at around $2,200, would add roughly $8 billion to iPhone revenue and push FY27 iPhone growth to 13%, compared with the Street's 10%. Munster argues that even as a small part of the lineup, the Duo is a meaningful new lever that could lift overall iPhone revenue growth by 3% in FY27 and 5% in FY28.
$Apple(AAPL)$ So it looks like a defective hinge causes the screen to crack in a small number of Duos. Seems like more noise aimed at dragging AAPL down a few bucks. The company will sort this out, and anyone who bought audio won't lose a cent.
$Apple(AAPL)$ Apple's standard return policy gives you 14 calendar days from the date you received the iPhone to return it for a full refund. So if it cracks within a day of use, like these bear posts are claiming, it would qualify for a full refund. If the iPhone becomes defective after that 14-day window closes, a return for refund is no longer available. At that point, it falls under Apple's One-Year Limited Warranty or AppleCare+ if purchased. Shorters and bears need a better angle. Does anyone really think Apple would release a product without extensive testing? They pull this same routine every year around new Apple product launches.
$Apple(AAPL)$ Apple's 1980 IPO created over 300 instant millionaires, counting early employees and investors. The long-term run has been huge too — the stock is up over 13,000% since 1998 and over 15,000% since 1980. That kind of appreciation has made countless more millionaires among shareholders who held on, and Steve Jobs was already worth more than $200 million on the first day of trading.
$Apple(AAPL)$ A new all-time closing high. Nice to see. Jefferies and BoA can be ignored, they seem to be trying to rig the greatest company in the world.
$Apple(AAPL)$ Four bearish Apple analysts took their shots today and Apple is only down 1% lol. UBS, Jeffries, Loop and Moffett, with one of them even issuing a downgrade.
$Apple(AAPL)$ I don't think people are upset about AAPL stock itself, which has been delivering a compounding 25%+ return over the past 10 years. They're just upset they didn't get in earlier.
I kept waiting for an entry on this all year, then finally decided that approach was just silly. Now I'm dollar-cost averaging into it over the next few years. Adding $Apple(AAPL)$ to the dividend portfolio.