Since84
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To infinity and beyond!
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Post by Since84 on Feb 5, 2018 3:32:48 GMT -8
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Post by CdnPhoto on Feb 5, 2018 6:19:18 GMT -8
Both Horace at Asymco and PED have articles commenting on how unit sales were actually up, when adjusted for the extra week. iPhone units were up 6% and Revenue up 22%. Mac units up 2% and revenue up 3%. Bottom line, EPS up 25% y/y when adjusted for the extra week. That's actually good growth.
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chinacat
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Post by chinacat on Feb 5, 2018 7:05:26 GMT -8
Both Horace at Asymco and PED have articles commenting on how unit sales were actually up, when adjusted for the extra week. iPhone units were up 6% and Revenue up 22%. Mac units up 2% and revenue up 3%. Bottom line, EPS up 25% y/y when adjusted for the extra week. That's actually good growth. Agree completely; but regardless of units, all-time record quarterly revenue and profit were reported. Somehow I got the idea that was what companies are judged by. But it seems that the anal-ists are free to make up any projected numbers for the next quarter that they want, and then punish AAPL if the guidance is any less. If AAPL were a high P/E stock I could almost understand this, but it is not.
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Post by tuffett on Feb 5, 2018 7:05:41 GMT -8
200MA held. That’s huge. Time for Apple to start buying.
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Post by mrentropy on Feb 5, 2018 7:07:44 GMT -8
Just sold half the lotto tickets I bought Friday. Not much of a gain but a moral victory in being right. 😁
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Post by zzmac on Feb 5, 2018 7:26:02 GMT -8
Wheeeeeeeeeeeeeeeeeeeeeeeeeeeee!! (I'm serious.)
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Post by zzmac on Feb 5, 2018 7:53:21 GMT -8
Dropped the microphone.
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Post by zzmac on Feb 5, 2018 7:59:17 GMT -8
When things look bleak, bet Philly and Apple. Winners.
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4aapl
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Post by 4aapl on Feb 5, 2018 8:00:28 GMT -8
Both Horace at Asymco and PED have articles commenting on how unit sales were actually up, when adjusted for the extra week. iPhone units were up 6% and Revenue up 22%. Mac units up 2% and revenue up 3%. Bottom line, EPS up 25% y/y when adjusted for the extra week. That's actually good growth. So, why is everyone focused on 13 weeks instead of 14, when Apple's best selling iPhone for the weeks that it was available was available much less than that? Likewise, when talking about a 2% difference, for products that were hard to get for at least part of that time, it's quickly the supply side that can make that difference. Either way, it looks like capitulation might have happened. 15M traded in the first 35 minutes, with a 5.5 point bounce off the bottom. And an RSI back above 30. It's a start, especially while many things are red today.
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Post by tuffett on Feb 5, 2018 9:30:42 GMT -8
13 or 14 weeks is just noise. Apple didn’t emphasize 14 weeks so much when they proudly announced all time high iPhone sales last year (on a weekly basis, sales were down). The reality is that iPhone sales have generally peaked since 2014 and that may not change - they’ll be up a little some years and down a little other years. Growth in install base is likely to be offset by lengthening replacement cycles. If Apple can secure 220-240 million iPhone sales annually for the next ten years at current ASPs I’ll be ecstatic.
The investment thesis is strength in maintaining or increasing ASPs, and growing Other Products and Services. This results in a steady $50-60 billion in free cash flow every year, of which 100% will be returned to shareholders. If they can buy back 3-5% of the company every year while paying a dividend that increases 10% annually, it becomes a very secure long term investment.
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ono
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Post by ono on Feb 5, 2018 10:00:07 GMT -8
The investment thesis is strength in maintaining or increasing ASPs, and growing Other Products and Services. This results in a steady $50-60 billion in free cash flow every year, of which 100% will be returned to shareholders. If they can buy back 3-5% of the company every year while paying a dividend that increases 10% annually, it becomes a very secure long term investment. Indeed. This is what makes it worth holding, through the ups/downs. With a potential upside of an exciting new product category.
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Post by david on Feb 5, 2018 11:06:02 GMT -8
13 or 14 weeks is just noise. … Maybe to you, a medium term trader, but to some of the rest of us (long term investors) it's nice to compare revenues etc for comparable periods of time. Gives us an idea of whether business is up or down. What Apple said, or didn't say, a year ago, that's just noise today.
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Post by tuffett on Feb 5, 2018 11:12:12 GMT -8
13 or 14 weeks is just noise. … Maybe to you, a medium term trader, but to some of the rest of us (long term investors) it's nice to compare revenues etc for comparable periods of time. Gives us an idea of whether business is up or down. What Apple said, or didn't say, a year ago, that's just noise today. If you’re a long term investor, you shouldn’t really care if quarterly sales are down 2% or up 4%. It is noise.
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Post by david on Feb 5, 2018 11:39:52 GMT -8
If you’re a long term investor, you shouldn’t really care if quarterly sales are down 2% or up 4%. It is noise. But I do care. Call it reassurance. As per Asymco, y/y weekly growth adjusted, iPhone units up 6%, macs up 2%, iPads up 8%. iPhone revenues up 22%, Macs up 3%, iPad up 14%, services up 27%, "other" up 47%. Bottom line up 25%. Damn fine noise.
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Ted
fire starter
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Post by Ted on Feb 5, 2018 11:42:47 GMT -8
13 or 14 weeks is just noise. Apple didn’t emphasize 14 weeks so much when they proudly announced all time high iPhone sales last year (on a weekly basis, sales were down). The reality is that iPhone sales have generally peaked since 2014 and that may not change - they’ll be up a little some years and down a little other years. Growth in install base is likely to be offset by lengthening replacement cycles. If Apple can secure 220-240 million iPhone sales annually for the next ten years at current ASPs I’ll be ecstatic. The investment thesis is strength in maintaining or increasing ASPs, and growing Other Products and Services. This results in a steady $50-60 billion in free cash flow every year, of which 100% will be returned to shareholders. If they can buy back 3-5% of the company every year while paying a dividend that increases 10% annually, it becomes a very secure long term investment. And the investment thesis gets even better when you consider that Apple might come up with a few other universe-denting devices and software along the way. 🤔
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Since84
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To infinity and beyond!
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Post by Since84 on Feb 5, 2018 12:16:11 GMT -8
What happened? One minute AAPL is GREEN, the next minute its -2.00...
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Post by rmhe1999 on Feb 5, 2018 12:18:39 GMT -8
Mini flash crash on top of an ugly day. Down was down -1500 only to rebound to -800 in a couple of minutes.
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4aapl
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Post by 4aapl on Feb 5, 2018 12:18:39 GMT -8
... it looks like capitulation might have happened. 15M traded in the first 35 minutes, with a 5.5 point bounce off the bottom. And an RSI back above 30. It's a start, especially while many things are red today. On the upside.... Hmmm, we'll have to wait on that... (Intraday RSI of 23.03 when I happened to check at ~158. It's nice to focus on other things today, unless ready to pull the trigger on a buy. Personally, I'm waiting a bit....that whole fear of the falling knife and all)
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Post by nwjade on Feb 5, 2018 12:19:02 GMT -8
Wow, talk about Market Volatility... Hopefully things settle down tomorrow
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Post by dreamRaj on Feb 5, 2018 12:32:08 GMT -8
The good part of having fallen so much earlier is that we're not skydiving today.
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Post by dreamRaj on Feb 5, 2018 12:35:14 GMT -8
I guess the bears got that 10% (almost) correction they wanted to these high-flying markets.
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Post by dreamRaj on Feb 5, 2018 12:48:51 GMT -8
BTFD. Bought 500 shares at 158.00
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ono
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Post by ono on Feb 5, 2018 12:52:55 GMT -8
What a difference 20 minutes can make.
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Post by aapltini on Feb 5, 2018 13:12:27 GMT -8
What the hell... sold 2 April 175 puts. Either I pocket a little over $4000 or I get 200 shares at a small discount to today’s price which already feels like a bargain.
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4aapl
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Post by 4aapl on Feb 5, 2018 13:22:23 GMT -8
Ok, found something. On the upside, AAPL didn't fall as much as GOOG or AMZN today. Or CVX, or XOM, or the S&P, or just about anything but the ^vix (up 104% today!) Xerox did better. Let's copy that one.
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Post by dreamRaj on Feb 5, 2018 13:23:00 GMT -8
I'm kinda expecting Trump will tweet assuring everything's fine and that it's time to move back up again.
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Post by artman1033 on Feb 5, 2018 13:42:24 GMT -8
71,912,417 shares traded Avg. Volume 29,347,267
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Post by dreamRaj on Feb 5, 2018 14:37:39 GMT -8
artman - I sorely miss your ATH posts. Want them back!
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Since84
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To infinity and beyond!
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Post by Since84 on Feb 5, 2018 15:43:00 GMT -8
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Post by macster on Feb 5, 2018 16:36:17 GMT -8
What’s going on and how will this effect our Apple. “Somethings broke. $XIV and $SVXY -- after hours both down 87% ?” Following Eric Scott Hunsader on twitter www.zerohedge.com/news/2017-11-25/muir-traders-dont-understand-risks-shorting-volEdit. Never mind. There was a reference to brokerage firms defaulting over this. And they could sell their holdings to cover losses and in turn drive the market even lower tommorrow
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