Since84
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To infinity and beyond!
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Post by Since84 on Jan 29, 2019 3:24:19 GMT -8
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Post by socal Film Composer on Jan 29, 2019 6:37:47 GMT -8
well this is interesting - in my other life, I've noticed Apple's been pretty active buying some film titles at Sundance this year, in addition to the original programming slate of shows. Sure hoping the TV service launches this year.
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4aapl
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Post by 4aapl on Jan 29, 2019 7:07:19 GMT -8
Wow, it's earnings time again. Sadly, while I'd love to hear Apple give higher than expected guidance, it's in their best interest to be conservative or even a little down, unless things have really changed to the upside. And so I'd expect that.
But my kids report cards came out, and they did great, so I'm headed off with one of them to ski at Homewood today. The report later today might not be fantastic, but the views will be.
The woman reporting the FaceTime group bug on Yahoo sure was animated, displaying a lot of shock at a bug that likely isn't that huge of a deal, overall. It's a little different for a company to occasionally have a bug that makes a privacy leak possible, than a company that constantly bases their business around grabbing any info it possibly can about you.
For all those in the cold front areas, stay warm out there.
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Post by sponge on Jan 29, 2019 8:26:14 GMT -8
Hard to tell where aapl will go. Options indicate 4.5% in either direction. OI is favoring 150 by Friday.
I am only invested in spy puts since the overall market is bearish for Feb and March.
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Since84
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Post by Since84 on Jan 29, 2019 8:34:28 GMT -8
I don't anticipate a positive catalyst. Indeed, given Wall Street's propensity to find gloom and doom in Apple announcements, it seems more likely to be trading down tomorrow.
My expectation is that we continue trading in a range for the foreseeable future until a catalyst occurs one way or the other.
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Post by sponge on Jan 29, 2019 9:12:13 GMT -8
The bottom line is that we are reporting a drop in revenue. Until aapl guidance shows increase in revenue, the stock won’t be going up higher.
We can have 20 to 30 moves in the meantime. I don’t see meaningful increase in net income until Q4 2020
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Post by sponge on Jan 29, 2019 9:16:07 GMT -8
The spy is hitting the low of Oct 27. This tells me the market saw a slow down in China then.
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Post by Luckychoices on Jan 29, 2019 10:01:18 GMT -8
I don't anticipate a positive catalyst. Indeed, given Wall Street's propensity to find gloom and doom in Apple announcements, it seems more likely to be trading down tomorrow. My expectation is that we continue trading in a range for the foreseeable future until a catalyst occurs one way or the other. I agree with you, Since84. Which would mean there's a *chance* that the AAPL share price may be even *lower* than it is today when February dividends are paid in a couple of weeks...and AAPL Longs will be able to buy even *more* AAPL shares with those same dividends at the lower share price. Well, speaking only for myself, the prospect of a lower share price worries me about as much as Br'er Rabbit worried about Br'er Fox throwing him into the briar patch. Which is, not at all. Cheers to the AAPL Longs!!
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Since84
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Post by Since84 on Jan 29, 2019 10:19:15 GMT -8
Hopefully Apple is buying. A lot.
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mark
fire starter
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Post by mark on Jan 29, 2019 11:46:47 GMT -8
Hopefully Apple is buying. A lot. Probably not at all. I don't think they are allowed to buy so close to earnings.
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Post by artman1033 on Jan 29, 2019 13:33:12 GMT -8
Apple Reports First Quarter Results Services, Mac and Wearables Set New All-Time Revenue Records EPS Reaches All-Time High at $4.18 CUPERTINO, California — January 29, 2019 — Apple® today announced financial results for its fiscal 2019 first quarter ended December 29, 2018. The Company posted quarterly revenue of $84.3 billion, a decline of 5 percent from the year-ago quarter, and quarterly earnings per diluted share of $4.18, up 7.5 percent. International sales accounted for 62 percent of the quarter’s revenue. Revenue from iPhone® declined 15 percent from the prior year, while total revenue from all other products and services grew 19 percent. Services revenue reached an all-time high of $10.9 billion, up 19 percent over the prior year. Revenue from Mac® and Wearables, Home and Accessories also reached all-time highs, growing 9 percent and 33 percent, respectively, and revenue from iPad® grew 17 percent. “While it was disappointing to miss our revenue guidance, we manage Apple for the long term, and this quarter’s results demonstrate that the underlying strength of our business runs deep and wide,” said Tim Cook, Apple’s CEO. “Our active installed base of devices reached an all-time high of 1.4 billion in the first quarter, growing in each of our geographic segments. That’s a great testament to the satisfaction and loyalty of our customers, and it’s driving our Services business to new records thanks to our large and fast-growing ecosystem.” “We generated very strong operating cash flow of $26.7 billion during the December quarter and set an all-time EPS record of $4.18,” said Luca Maestri, Apple’s CFO. “We returned over $13 billion to our investors during the quarter through dividends and share repurchases. Our net cash balance was $130 billion at the end of the quarter, and we continue to target a net cash neutral position over time.” Apple is providing the following guidance for its fiscal 2019 second quarter: • revenue between $55 billion and $59 billion • gross margin between 37 percent and 38 percent • operating expenses between $8.5 billion and $8.6 billion • other income/(expense) of $300 million • tax rate of approximately 17 percent Apple’s board of directors has declared a cash dividend of $0.73 per share of the Company’s common stock. The dividend is payable on February 14, 2019 to shareholders of record as of the close of business on February 11, 2019. Apple will provide live streaming of its Q1 2019 financial results conference call beginning at 2:00 p.m. PST on January 29, 2019 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.
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Post by artman1033 on Jan 29, 2019 13:41:27 GMT -8
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Post by archibaldtuttle on Jan 29, 2019 13:42:02 GMT -8
This is in line with expectations. Question is, how will the market react over the next few days and weeks.
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benoir
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Post by benoir on Jan 29, 2019 13:43:50 GMT -8
After market seems happy(er) @158.84. (Now 160.22) ...and now 161.58
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benoir
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Post by benoir on Jan 29, 2019 13:48:53 GMT -8
“We returned over $13 billion to our investors during the quarter through dividends and share repurchases. Our net cash balance was $130 billion at the end of the quarter, and we continue to target a net cash neutral position over time.”
I’m confused by this. I think most of us expected they might spash a bit more than $10ish on repurchase...
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Since84
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Post by Since84 on Jan 29, 2019 13:58:46 GMT -8
I'm disappointed with the level of buybacks.
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Post by macoz on Jan 29, 2019 14:00:56 GMT -8
I'm disappointed with the level of buybacks. Why? This is buybacks in the December Quarter when the markets were tanking and their sales were dropping. We do not know what they bought in January 2019.
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Post by nwjade on Jan 29, 2019 14:02:56 GMT -8
Very good, pivotal earnings report...
The results should heighten sentiment in the stock and managements ability to run the business under difficult circumstances.
Now bring on the analyst upgrades!
Congrats to the longs!!!
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Post by artman1033 on Jan 29, 2019 14:03:54 GMT -8
I'm disappointed with the level of buybacks. Why? This is buybacks in the December Quarter when the markets were tanking and their sales were dropping. We do not know what they bought in January 2019. will post that tomorrow.
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stub
Member
The fix is in. Be patient. Don't panic.
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Post by stub on Jan 29, 2019 14:05:21 GMT -8
This is in line with expectations. Question is, how will the market react over the next few days and weeks. my guess is, it'll probably continue in an upward direction simply because of the absence of bad news. I'mean how many times can they pull that China gag. I too am seriously disappointed in the small amount of buy backs. I'm sure we'll more than make for it (or have made up for it) this current Qtr. Does anyone know how one can check on the current Qtr's buy back amount?
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SomeJuan
Member
Taking a nap…
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Post by SomeJuan on Jan 29, 2019 14:08:05 GMT -8
Wheeee...
Car talk yet, or still to early?
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Post by Apple II+ on Jan 29, 2019 14:10:30 GMT -8
I'm disappointed with the level of buybacks. I wish they had bought back less, too.
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Since84
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To infinity and beyond!
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Post by Since84 on Jan 29, 2019 14:17:14 GMT -8
I'm disappointed with the level of buybacks. Why? This is buybacks in the December Quarter when the markets were tanking and their sales were dropping. We do not know what they bought in January 2019. 1. No one, including Apple, knew how far it would drop. 2. Significant shares were purchased at higher prices. 3. There are limits to how much Apple can purchase, e.g. in the open market on a given day. 4. Cash on hand continues to grow -- up another 3%. Whatever happened to cash neutral? 5. I don't expect AAPL to be at this price level for long. I am a fan of dollar cost averaging, though I strongly prefer it in an upward trend.
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Post by dreamRaj on Jan 29, 2019 14:17:46 GMT -8
163.70
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Post by appledoc on Jan 29, 2019 14:20:23 GMT -8
Surprised to see it pop so much. Wasn't the analysts average March guidance $59.3B and gross margin 38.0-38.5%? Apple guides $55-$59B and 37-38%?
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Post by sponge on Jan 29, 2019 14:22:08 GMT -8
Given the guidance the move in AH is very surprising.
We will see where we end up in April at this point.
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Post by macster on Jan 29, 2019 14:23:25 GMT -8
I am surprised too. I've been thinking of moving 1000 shares into high yield like T or SO and give up growth for income. Guess I wont till I see what happens.
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Post by dmiller on Jan 29, 2019 14:26:55 GMT -8
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chinacat
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AAPL Long since 2006
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Post by chinacat on Jan 29, 2019 14:28:20 GMT -8
Perhaps the number of companies citing the China situation for less than stellar earnings reports has allowed Apple's solid fundamentals to offer what seems like a relatively safe haven in the midst of this storm.
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Post by longsince98 on Jan 29, 2019 14:29:42 GMT -8
I am surprised too. I've been thinking of moving 1000 shares into high yield like T or SO and give up growth for income. Guess I wont till I see what happens. It feels like a relief rally - everyone was expecting “the other shoe to drop”, and they’re just happy to see them in line.
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