A Fool Looks Back (AAPL, CROX, OVTI, SIRI)

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Let's talk about Apple's (Nasdaq: AAPL ) mortality. After years of exposing analysts as lowballing dummies, the Cupertino tech giant finally donned the dunce cap itself.

Apple traditionally puts out laughably conservative guidance, but this time it should have been a little more clear about the lack of iPhones it would be selling when it delays the next generation's rollout. It's not too often that you will see Apple's Mac sales post a headier year-over-year spurt than its iPhone business.

Most investors are giving Apple a pass on this, largely because it sold 4 million iPhone 4S smartphones this past weekend. There's a lot of helium going into this quarter's expectations. Let's hope the bulls don't get burned this time.

Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.

Crocs (Nasdaq: CROX ) saw its stock shed more than a third of its value after the company guided top- and bottom-line expectations lower. I guess it's just not some of its resin shoes that have holes.
Image-sensor maker OmniVision Technologies (Nasdaq: OVTI ) is now a confirmed component supplier in the new iPhone 4S. Why do we need to tear into the guts of a smartphone to find this out?
Sirius XM Radio (Nasdaq: SIRI ) finally put out its first SiriusXM 2.0 receiver. It also spelled out the nearly two dozen new stations that will be accessible by the new receivers. If you missed the announcement, you may have been driving under a freeway bypass.

Until next week, I remain,

Rick Munarriz

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

The Motley Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of and creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Longtime Fool contributor Rick Munarriz calls them as he sees them. He owns no shares in any of the stocks in this story and is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.

Comments from our Foolish Readers

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Report this Comment On October 22, 2011, at 4:06 PM, demodave wrote:

"Apple traditionally puts out laughably conservative guidance, but this time it should have been a little more clear about the lack of iPhones it would be selling when it delays the next generation's rollout."
and
"Most investors are giving Apple a pass on this, largely because it sold 4 million iPhone 4S smartphones this past weekend."
Yup, I'll give Apple a pass. Given what Apple stock has done for my portfolio in the last 8 years, I have no business questioning their business. And I love Apple products.
Trade secrecy is not a crime. And Apple is traditionally very conservative in guidance and very secretive about upcoming products. The reason is simple. They don't want to put their IP out in public until they are ready to monetize it. As a manufacturer of highly secretive microprocessed devices, I totally get it. As a customer, I would love to know if I should buy any given product at any given time. (The wait for an iPhone 3G was intolerable, but once I owned it, I loved it.)
Apple is doing the right thing for Apple's business, and by proxy, the right thing for AAPL investors. For that, I am both grateful and profoundly enriched. Is that not what fol.com is all about.
I still need to relocate that "Why Apple is a Rule Maker" article, but the astonishing thing is that Apple seems to be both a Rule Maker AND a Rule Breaker. That's is what is so devastatingly exciting about the 500 pound gorilla (heh, glass) that is sitting in the middle of Silicon Valley.
Finally, respectfully or not, I think that "mortality" was a poor choice of words.
Report this Comment On October 24, 2011, at 11:40 AM, danzam wrote:

I can't see you guys on the yahoo headline page.
Did they block you because you mentioned Seeking Alpha and the quality of their 'articles' ?
PS I agree with you.

updated 1 day ago Sponsored by:
	DOW	12,454.83	-74.92	-0.60%
	S&P 500	1,317.82	-2.86	-0.22%
	NASD	2,837.53	-1.85	-0.07%

OVTI	$14.19		-0.16	-1.11%
OmniVision Technol…		CAPS Rating:

SIRI	$1.93		-0.06	-3.02%
Sirius XM Radio		CAPS Rating:

AAPL	$562.29		-3.03	-0.54%
Apple		CAPS Rating:

CROX	$17.44		+0.35	+2.05%
Crocs, Inc.		CAPS Rating:

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Report this Comment On October 22, 2011, at 4:06 PM, demodave wrote:

Report this Comment On October 24, 2011, at 11:40 AM, danzam wrote:

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