Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Jan 17, 2018 4:01:03 GMT -8
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,432
|
Post by chinacat on Jan 17, 2018 8:05:38 GMT -8
Welcome back, you were missed as always. I note that the first referenced article contains the following: "Apple is still at the front of the pack in supply chain management, labor rights and environmental protection." and "Apple wants to improve the conditions of workers and the environment." As the former Chief Operations Officer, I am sure that Tim Cook is well aware via Jeff Williams of what is going on in the supply chain. This does seem like once again Apple is being held to a higher standard, and I have no problem with that, but I guess that stories about companies doing much less about abuses mentioned in the article just don't pull in as many eyeballs.
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,432
|
Post by chinacat on Jan 17, 2018 8:29:15 GMT -8
Writing for the NY Times, Farhad Manjoo writes Itβs Time for Apple to Build a Less Addictive iPhone. He admits that Apple does not as directly benefit from the time users spend using their phones as companies such as "Facebook, Instagram, Snapchat and YouTube" do, but somehow because he thinks that they would stand the best chance of solving this "problem" we should let all of the others off the hook, not to mention the personal responsibility of individual users. I guess that's flattering for Apple, but I can just imagine if they actually did implement such measures what moaning, groaning and abuse they would suffer.
|
|
|
Post by carbonate24 on Jan 17, 2018 10:05:49 GMT -8
I've been an Apple shareholder since 2005, and yet I'll still never understand why a downgrade from some relatively "no-name" analyst from Longbow Research can knock AAPL down on the same day B of A raises AAPL's price target from $180 to $220 (highest for a major bank), all while the major indices are up >0.5% today. Longbow downgrade B of A $220Basically, the Longbow guy is issuing the downgrade because he thinks Apple is going to sell less phones than he previously thought. B of A puts out a brief logical argument to justify their price increase, including repatriation, lower taxes, upward estimate revisions, etc. Somehow, though, the market still sells off AAPL. Of course, as I write this, AAPL just shot up on news of it's US investments over the next 5 years....
|
|
|
Post by phoebear611 on Jan 17, 2018 10:26:02 GMT -8
|
|
|
Post by osx10 on Jan 17, 2018 10:32:37 GMT -8
I would like to know how Tim Cook manages to not let his head explode when Trump takes credit for this job creation.
Hearing some chatter today that Infrastructure is back in play today in DC -- 38 bn fixes a lot of bridges and roads.
|
|
4aapl
Moderator
Posts: 3,655
|
Post by 4aapl on Jan 17, 2018 10:40:40 GMT -8
I've been an Apple shareholder since 2005, and yet I'll still never understand why a downgrade from some relatively "no-name" analyst from Longbow Research can knock AAPL down on the same day B of A raises AAPL's price target from $180 to $220 (highest for a major bank), all while the major indices are up >0.5% today. "It's all just a game" This week should be the worst of the year for strange movements in AAPL, save for possibly right around the iPhone announcement. Lot's of money trying to be made on LEAPS. And so, little stories will come out from nothing. Though truthfully, B of A's price target moving from 180 to 220 isn't that exciting either....a 20% kick up for pushing the target out a year....roughly what one would safely assume AAPL would do. I just finished watching the 2nd season of Billions, so I might be a bit jaded in all of this. Next week should be better. The question to ask right now is if AAPL sees 175 or below late this week, is there any thing you want to pick up? Be ready for it, if it happens.
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,432
|
Post by chinacat on Jan 17, 2018 10:41:24 GMT -8
So what happened around 1 PM?
EDIT: Never mind, just saw the news of today's announcement.
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,186
|
Post by JDSoCal on Jan 17, 2018 10:57:31 GMT -8
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,186
|
Post by JDSoCal on Jan 17, 2018 11:12:24 GMT -8
Great news Phoebe, but the lede remains buried. As much as I am thrilled that Apple and US corps will be repatriating all of that cash, the real story is the increase in revenues going forward, because it isn't a silly one-time holiday. This is a glaring example of how dumb the financial and tech media are. Apple could literally double its revenues from this territorial and corporate tax change, but nobody seems to have written or spoken a word about it. I'm just wondering if WS will notice and bake it into an earnings estimate, or if Apple will blow away some Street numbers and take everyone by surprise. Probably not, since other companies will report before Apple and blow away earnings and eventually the media and ANALysts will get a clue. But since Apple is unique in that it has organized itself by geographical region, rather than product or sector, the effects should be more obvious. So amazing what happens when a country stops abusing and vilifying its companies and starts treating them well (and like every other company on earth does). As one congressman recently said, "just stop the beatings, and business will do the rest." How could anyone think this tax reform is bad for investors? Maybe idiotic CalPERS.
|
|
ono
Member
compensation
Posts: 550
|
Post by ono on Jan 17, 2018 11:25:21 GMT -8
Does anyone recall how much Apple has already accrued for taxes?
|
|
benoir
fire starter
*
Posts: 1,319
|
Post by benoir on Jan 17, 2018 11:33:30 GMT -8
Whereβs Artman? He may need to post soon....
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,432
|
Post by chinacat on Jan 17, 2018 11:41:20 GMT -8
|
|
ono
Member
compensation
Posts: 550
|
Post by ono on Jan 17, 2018 11:48:55 GMT -8
As of September 30, 2017 , the Company had deferred tax assets arising from deductible temporary differences, tax losses and tax credits of $3.9 billion and deferred tax liabilities of $31.5 billion .
investor.apple.com/secfiling.cfm?filingID=320193-17-70&CIK=320193
Over 2016 and 2017, they accrued about $1.31B/month. So, just eyeballing this, it doesn't seem that any restatements will be that significant. (?)
|
|
|
Post by artman1033 on Jan 17, 2018 11:54:32 GMT -8
Cupertino, California β Apple today announced a new set of investments to build on its commitment to support the American economy and its workforce, concentrated in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Appleβs domestic suppliers and manufacturers, and fueling the fast-growing app economy which Apple created with iPhone and the App Store. Apple is already responsible for creating and supporting over 2 million jobs across the United States and expects to generate even more jobs as a result of the initiatives being announced today. Combining new investments and Appleβs current pace of spending with domestic suppliers and manufacturers β an estimated $55 billion for 2018 β Appleβs direct contribution to the US economy will be more than $350 billion over the next five years, not including Appleβs ongoing tax payments, the tax revenues generated from employeesβ wages and the sale of Apple products. Planned capital expenditures in the US, investments in American manufacturing over five years and a record tax payment upon repatriation of overseas profits will account for approximately $75 billion of Appleβs direct contribution. βApple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy,β said Tim Cook, Appleβs CEO. βWe believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. We have a deep sense of responsibility to give back to our country and the people who help make our success possible.β Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made. Apple will spend an estimated $55 billion with US suppliers and manufacturers in 2018. Growing Appleβs US Operations Apple expects to invest over $30 billion in capital expenditures in the US over the next five years and create over 20,000 new jobs through hiring at existing campuses and opening a new one. Apple already employs 84,000 people in all 50 states. The company plans to establish an Apple campus in a new location, which will initially house technical support for customers. The location of this new facility will be announced later in the year. Over $10 billion of Appleβs expanded capital expenditures will be investments in data centers across the US. Over the last decade, Apple has invested billions of dollars in data centers and co-located facilities in seven US states, including North Carolina, Oregon, Nevada, Arizona and a recently announced project in Iowa. Today, Apple is breaking ground on a new facility in downtown Reno, which will support its existing Nevada facilities. All of Appleβs US facilities, including offices, retail stores and data centers, are powered by 100 percent renewable energy sources like solar, wind and micro-hydro power, which Apple generates or purchases from local projects. The new campus announced today will also be powered entirely by green energy. Investing in Appleβs Domestic Suppliers and Manufacturing Partners Workers at a factory in Texas that manufactures vertical-cavity surface-emitting lasers (VCSELs), empowering Face ID, Animoji and other iPhone X features. Building on the initial success of the Advanced Manufacturing Fund announced last spring, Apple is increasing the size of the fund from $1 billion to $5 billion. The fund was established to support innovation among American manufacturers and help others establish a presence in the US. It is already backing projects with leading manufacturers in Kentucky and rural Texas. Apple works with over 9,000 American suppliers β large and small businesses in all 50 states β and each of Appleβs core products relies on parts or materials made in the US or provided by US-based suppliers. Preparing Students for the App Economy Students learn to code with Swift, a simple and fast open source coding language for apps that run on iOS, macOS, watchOS and tvOS. Apple, which has a 40-year history in education, also plans to accelerate its efforts across the US in support of coding education as well as programs focused on Science, Technology, Engineering, Arts and Math (STEAM). The iOS app economy has created more than 1.6 million jobs in the US and generated $5 billion in revenue for American app developers in 2017. With demand for coding skills stronger than ever, today there are more than 500,000 unfilled programming-related positions across the country, and the US Bureau of Labor Statistics predicts that by 2020 there will be 1.4 million more software development jobs than applicants qualified to fill them.1 To address the coding skills gap and help prepare more people for jobs in software development, Apple created a powerful yet easy-to-learn coding language called Swift, the free Swift Playgrounds app and a free curriculum, App Development with Swift, which are available to anyone and are already being used by millions of students at K-12 schools, summer camps and leading community colleges across the country. Over 100,000 students and teachers have also attended coding classes at Apple retail stores. Apple will expand these initiatives and add new programs to support teachers and teacher training. The company is also increasing funding for its ConnectED program, so students in historically underserved communities have a chance to learn app coding skills and enjoy other benefits of technology in the classroom. www.apple.com/newsroom/2018/01/apple-accelerates-us-investment-and-job-creation/
|
|
|
Post by artman1033 on Jan 17, 2018 12:25:48 GMT -8
Whereβs Artman? He may need to post soon.... I am on the road today. I will update in 3 hours.........
|
|
|
Post by phoebear611 on Jan 17, 2018 12:34:23 GMT -8
I just want to say one thing about the whole Apple needs to help make the iPhone less addictive...I don't know who had children on this Board and who does not but there's this really old-fashion thing called "responsible parenting" . You would be shocked at how well it works! (Gimme a break already!)
|
|
|
Post by dreamRaj on Jan 17, 2018 12:53:57 GMT -8
Call walls getting crushed during a major opEx week feels great! Unless broader markets take a nose dive in the next two days for whatever reason, I can't see AAPL getting manipulated to much lower than 175. OTOH, breaking 180 seems more likely.
WHEEEE!!
|
|
|
Post by phoebear611 on Jan 17, 2018 12:55:18 GMT -8
Call walls getting crushed during a major opEx week feels great! Unless broader markets take a nose dive in the next two days for whatever reason, I can't see AAPL getting manipulated to much lower than 175. OTOH, breaking 180 seems more likely. WHEEEE!! There is a real shot to propel this to $190 if earnings are sweet....I'm just sayin'
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Jan 17, 2018 12:55:23 GMT -8
Must admit I enjoy watching max pain get crushed by news. Hopefully the sting sidelines some players.
|
|
4aapl
Moderator
Posts: 3,655
|
Post by 4aapl on Jan 17, 2018 12:58:30 GMT -8
Today, Apple is breaking ground on a new facility in downtown Reno, which will support its existing Nevada facilities. Woo Woo Just the next step, announced back when they were getting a tax break to put in the datacenter. But still a good thing to see in the big city next door. On the stock, even if it's not where I thought we would be today, it's nice to see some life in AAPL, bumping up nearly to the ATH again. This next month should be a good one.
|
|
|
Post by phoebear611 on Jan 17, 2018 13:26:58 GMT -8
I think this whole market is being re-repriced. I don't believe a lot of the tax plan was accounted for and no one thought that deregulation would be having as great an impact. This isn't just an Apple phenomenon - it's fairly widespread particularly with the cash rich companies. Take a look at Boeing these last few months as well as today.
|
|
|
Post by rickag on Jan 17, 2018 13:52:14 GMT -8
I just want to say one thing about the whole Apple needs to help make the iPhone less addictive...I don't know who had children on this Board and who does not but there's this really old-fashion thing called "responsible parenting" . You would be shocked at how well it works! (Gimme a break already!) Wish I could give more than 1 thumbs up π ππππ.
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,186
|
Post by JDSoCal on Jan 17, 2018 14:15:29 GMT -8
I just want to say one thing about the whole Apple needs to help make the iPhone less addictive...I don't know who had children on this Board and who does not but there's this really old-fashion thing called "responsible parenting" . You would be shocked at how well it works! (Gimme a break already!) Wish I could give more than 1 thumbs up π ππππ. I wish I could accurately express my contempt and hatred for CalPERS, one of Apple's biggest, if not biggest stockholders, actually backing this horseshit. The arrogance. Bad enough they think they can pull the required 7.5% per year returns to pay out bennies, but they are going to do so while demanding social justice (whatever that is) and micromanagement of the companies they are invested in. Might as well invest in bitcoin.
|
|
|
Post by dreamRaj on Jan 17, 2018 15:12:27 GMT -8
Call walls getting crushed during a major opEx week feels great! Unless broader markets take a nose dive in the next two days for whatever reason, I can't see AAPL getting manipulated to much lower than 175. OTOH, breaking 180 seems more likely. WHEEEE!! There is a real shot to propel this to $190 if earnings are sweet....I'm just sayin' Phoebes - You're being cautious. I'm thinking $200.
|
|
|
Post by appledoc on Jan 17, 2018 16:11:57 GMT -8
I think this whole market is being re-repriced. I don't believe a lot of the tax plan was accounted for and no one thought that deregulation would be having as great an impact. This isn't just an Apple phenomenon - it's fairly widespread particularly with the cash rich companies. Take a look at Boeing these last few months as well as today. I was looking at Boeing back when it was in the 180s. Waited too long and got cold feet when it went over 200. Cannot believe the rise it's seen since then. One thing is for certain, do not bet against this market right now. Bears can't get any traction that lasts beyond intraday trading. It's truly unbelievable.
|
|
|
Post by artman1033 on Jan 17, 2018 16:18:06 GMT -8
AAPL ALL TIME HIGH!$179.45All Time Highest TODAY AFTER HOURS 34,356,705 shares traded today AAPL ALL TIME HIGHEST CLOSE!$179.10aaplinvestors.net/stats/rank/AAPL market CAP. 911.14 BILLION AAPL ALL TIME HIGH market CAP. 911.14 BILLION ] TODAY AAPL ALL TIME HIGHEST AFTER HOURS CLOSE! $179.45
TODAY
|
|
|
Post by osx10 on Jan 17, 2018 18:48:03 GMT -8
Guessing that congressional inquiry into the planned obsolescence of older iPhones just disappeared with todayβs announcement also
|
|