Don't Fall For The Obsessive Negativity Regarding Apple

Just in the last few days, it seems the negativity surrounding Apple has yet again reached fever pitch. Late Friday, you had the fat-finger event, which gave the tech sector a beat-down not seen in a while. Then, over the weekend, investors read about Apple getting a downgrade on the flimsiest of reasons. Most importantly, there was not a single thing new in that downgrade. It was the same old rehash of stuff that has been bandied about for months and maybe even years. However, the effect was magnified this past Monday due to continued apathy from investors regarding all things tech.

Also late last week, there was chatter making the rounds that the new iPhone 8 or iPhone X or whatever they are going to call it will not be as fast as the offerings from the competition. The chatter is that only Qualcomm has smartphone modems that are fast enough to keep up with the higher speeds offered by the competition in their smartphones.

Now think about that for a second.

Apple has products that are by far the Rolls Royce among the various competitive offerings. Would a company like Apple, known for its obsessive attention to detail, even take a chance like that when they upped the legal battle with Qualcomm earlier this year? My take is that the chatter that Intel does not have a modem fast enough to match the competition is more than likely false. The negative chatter was more than likely in cahoots with the dark sides, who have also upped the ante as far as short bets against Apple are concerned. Apple is now the third-most shorted stock globally after Tesla and Alibaba. We have seen how "well" the dark side has faired in their bets against Tesla and Alibaba, both of which are trading at all-time highs, and I expect Apple will very shortly teach them the exact same lesson.

If that does not convince you, take a look at the following review from regarding the performance of the new iPad Pro, "The A10X Fusion chip inside the iPad could very well be the most powerful mobile processor ever. The six-core CPU and 12-core GPU combine to offer amazing power given the iPad Pro's slim profile. Part of the reason why the iPad Pro is so swift is because of the way Apple architected the chip; the CPU and GPU share the same on-board 4GB of RAM, so there's no waiting for the graphics to go out and grab a separate memory."

The article adds, "The result is a tablet that beats most Windows laptops on the Geekbench 4 benchmark, which measures overall performance. The iPad Pro scored a crazy-high 9,233 on the multi-core portion of the test. That's more than double the Galaxy Tab S3 tablet with a Snapdragon 820 chip. More impressive, the iPad Pro's mark is whopping 42 percent faster than the Dell XPS 13 notebook with a 7th-generation Core i5 processor (6,498) and 17 percent faster than a Core i7-powered HP Spectre (7,888)."

Now if Apple has world-beating updates to its iPad line-up, is there anyone out there that can say with a straight face that Apple will put out the most anticipated iPhone ever with anything less than world=beating features?

Yes, I know, the always-short-but-never-wrong and maybe even the "kindly uncles" in the crowd probably can and will do so in the future.

However, you and I know better.

(Long aapl, baba, long and short options in both)

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