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Apple’s Stock Price After the Q3 Earnings Call. Time to Buy? YES!

Apple held a quarterly conference call at 2pm Pacific Time yesterday to report recent earnings, future financial goals and give their shareholders, the public and the media some insight into how the company is doing during this economic downturn.

Before the conference call, Apple shares (AAPL) were trading at around $166-$172/share, even hitting $189 on June 5th. Only about 5 weeks ago it seemed like Apple was on its way to hitting $200 again, right? WRONG.

While the industry is clamoring about Steve Jobs’ health, the stock price is suffering. iPhone 3G sales were not figured into that earnings call, and many of the countries lined up to receive the new iPhone, haven’t even been able to buy it legally yet. I have previously written that if Apple wants to reach a Google (GOOG) quality stock price, then their global dominance and brand recognition across the entire world (not only the US) needs to be far greater than it currently is.

The industry must understand that these things take time. Apple has planted seeds across the globe which will generate incomparable revenue, that industry pundits and certain Wall Street whiners analysts simply cannot comprehend. While they are busy speculating about Steve Jobs’ health, Apple’s global impact with the iPhone 3G is making bigger waves regarding the future outlook of this company. The plans Apple has set in motion with the iPhone, set them up to become the global leader in the mobile handset market, as well as dominate the mobile development sector. While other companies are paying developers to create applications for their platforms, Apple has to consistently turn developers down, due to an overwhelming response to the iPhone SDK. Development groups and startups that create (what look like) winning applications even have a chance to nab a slice of the $100,000,000 pie.

Take a look at our iPhone Carrier World Map. With Speculative Regions the current list is up to 90 potential carriers across the globe. The impact that this will have on Apple’s bottom line is absolutely tremendous. In giving countries across the world an opportunity to subsidize the iPhone 3G, getting it into as many people’s hands as possible, is clearly a top priority. Just like Microsoft achieved a monopoly-like presence with the Windows operating system, Apple is setting themselves up to do it in the mobile market with iTunes, the App Store, the iPhone SDK and the iPhone.

At this point Apple’s services in the mobile arena cannot be beat. The eco-system they have created in which every product connects, communicates and “just works” has become aww-inspiring for some, and a way of life for others. Rival companies simply cannot compete with the iPhone in particular, because iTunes and the App Store are proprietary to Apple. While companies bite tooth-and-nail to create a similar device to the iPhone, most if not all fall very short, and some can’t even be considered phones, let alone smartphones. If Nokia, Motorola, or LG can’t get a licensed version of iTunes or the App Store (never going to happen) to put on there devices, then they don’t have the slimmest chance at catching Apple.

Currently Apple’s stock price is floating around the low 160’s, recovering nicely from getting hammered yesterday in after hours trading. While I am not a licensed financial advisor, I stick with my beliefs that Apple is still a good buy while it sits below $200. Although Steve Jobs is a very important asset to the company, and probably the most important corporate employee in America, Apple’s long term mobile-market-plans seem a little too good to ignore. For the first time in a long time, Apple’s financial numbers, various business models and market reach is beginning to level-off the innovation one man (Steve Jobs) brought to the company. And for the stock price, that’s a good thing.