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Post by artman1033 on Jan 29, 2019 14:29:55 GMT -8
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Post by rmhe1999 on Jan 29, 2019 14:39:45 GMT -8
You've got to love the media's continual attempts to put a negative spin on every Apple earning's call.
"Apple shares jump after barely beating on earnings, and iPhone sales drop 15% from last year." CNBC
"Apple post drop in Quarterly Revenue and Profit." WSJ
"Apple stock rises despite revenue decline, downbeat outlook." MarketWatch
"Apple's Q1 2019 earnings: everything's great (if you ignore the iPhone)." Quartz
"Apple iPhone sales fall." BBC
Just a taste of what's out there so far.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jan 29, 2019 14:42:29 GMT -8
Cheers. 🍻 📈
So I guess Apple getting out ahead of the bad news in advance was a good idea. Imagine where we’d be today if this was all a surprise. 📉
Honesty I think Apple gives up too much financial info. Looking at the PE’s of companies that obfuscate, I see why they aren’t going to give iPhone numbers out anymore.
Damned if you do, damned if you don’t department:
Then: “Apple relies too much on iPhone!” Now: “Apple only beat WS because of wearables and services revenues!”
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 29, 2019 14:42:52 GMT -8
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Post by appledoc on Jan 29, 2019 14:44:59 GMT -8
Revenue in 2Q18 was $61.1B. So they are guiding to a decline for both Q1 and Q2. Will take a strong second half to not have revenue contract Y/Y.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 29, 2019 14:45:54 GMT -8
Based on rmhe1999's post and the MSNBC piece, above, I quickly looked. There is a lot of negativity.
Wall Street must want AAPL down.
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Post by artman1033 on Jan 29, 2019 14:47:51 GMT -8
Based on rmhe1999's post and the MSNBC piece, above, I quickly looked. There is a lot of negativity. Wall Street must want AAPL down. perhaps the MEDIA wants AAPL down..........
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Post by artman1033 on Jan 29, 2019 14:52:50 GMT -8
I like to hear LUCA's voice.
Love that Italian sound.
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Post by sponge on Jan 29, 2019 14:56:10 GMT -8
This move will be short lived. A few more big names will report this week. The market will take it down again.
They guided $4 billion less then what WS expected. It is hard to spin that in a way to justify a 6% move up. The big firms want to maintain their high price targets as long as possible.
When the dust settles we will see a different perspective. That 10% move in Jan will visit us again.
The April and July earnings will be very telling.
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Post by appledoc on Jan 29, 2019 14:56:48 GMT -8
Based on rmhe1999's post and the MSNBC piece, above, I quickly looked. There is a lot of negativity. Wall Street must want AAPL down. They always do. AAPL is no Wall Street darling. But, for investors who don't want their money in a company with declining revenue, this is a disappointment. We've been here before with AAPL, and we know the media backlash can be brutal.
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Post by macster on Jan 29, 2019 14:58:06 GMT -8
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Post by appledoc on Jan 29, 2019 14:58:24 GMT -8
This move will be short lived. A few more big names will report this week. The market will take it down again. They guided $4 billion less then what WS expected. It is hard to spin that in a way to justify a 6% move up. The big firms want to maintain their high price targets as long as possible. When the dust settles we will see a different perspective. That 10% move in Jan will visit us again. The April and July earnings will be very telling. The low-end of the revenue guidance range was $4.3B below. The high-end of the range was $0.3B below. Don't twist the numbers.
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Post by sponge on Jan 29, 2019 14:59:23 GMT -8
I think this big move in AH may have more to do with TC positive comments regarding China talks. We know how that news can move the markets. Will have to listen to CC to see if there is something out of the ordinary.
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Post by artman1033 on Jan 29, 2019 15:02:31 GMT -8
the 10-Q should be out tomorrow.
If bought a lot of shares after the January 3rd drop, it may RAISE the price of AAPL
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Post by sponge on Jan 29, 2019 15:02:41 GMT -8
This move will be short lived. A few more big names will report this week. The market will take it down again. They guided $4 billion less then what WS expected. It is hard to spin that in a way to justify a 6% move up. The big firms want to maintain their high price targets as long as possible. When the dust settles we will see a different perspective. That 10% move in Jan will visit us again. The April and July earnings will be very telling. The low-end of the revenue guidance range was $4.3B below. The high-end of the range was $0.3B below. Don't twist the numbers. After last earnings I don’t trust the high end of guiance as much and neither should WS. Don’t see how the 27% drop in China will suddenly change in 3 months. Even reporting at mid point is a $5 billion drop from last year.
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Post by rmhe1999 on Jan 29, 2019 16:05:07 GMT -8
Love him or hate him, Cramer has some good comments on Apples earnings call this evening. I particularly agree with his sentiment. Article at CNBC. No link provided.
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Post by artman1033 on Jan 29, 2019 17:30:33 GMT -8
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Post by longsince98 on Jan 29, 2019 19:05:34 GMT -8
PSA
Predictions and technical speculation from influential people can become self fulfilling prophecies. There’s been a very vocal bear (in sheep’s clothing) on this board, and even the bulls can’t deny this person’s impact on general sentiment.
We need to remember that everyone has an agenda.
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SomeJuan
Member
Taking a nap…
Posts: 321
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Post by SomeJuan on Jan 29, 2019 20:53:27 GMT -8
PSA Predictions and technical speculation from influential people can become self fulfilling prophecies. There’s been a very vocal bear (in sheep’s clothing) on this board, and even the bulls can’t deny this person’s impact on general sentiment. We need to remember that everyone has an agenda. And he has been half right for a quarter... sheeps clothing or no. This is a place to share, interject, obviscate, and render opinions as it were regarding AAPL. With civility. 2 pennies. Brian
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Post by Lstream on Jan 29, 2019 21:15:52 GMT -8
PSA Predictions and technical speculation from influential people can become self fulfilling prophecies. There’s been a very vocal bear (in sheep’s clothing) on this board, and even the bulls can’t deny this person’s impact on general sentiment. We need to remember that everyone has an agenda. General sentiment where? I assume you mean here? If so, this is a small irrelevant corner of the world in the grand scheme of things. And even here, some of us know better than to listen to someone who has lost their entire position, at least two times based upon those very same predictions and technical speculation.
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Post by sponge on Jan 29, 2019 22:06:32 GMT -8
Read the transcript. Regarding China, TC said that macroeconomic factors will come and go. We are in first inning and they were caught with their pants down. They confirmed further weakness moving forward. Anyone who thinks China will suddenly resolve in 6 months or 12 is kidding themselves. Europe and Japan were down. When our economy starts to slow we will be down as well. US economy saved Apple this quarter. A year from now look for a drop of at least 1.4 billion. There is little positive to look forward to.
Yes the base grew. That is a sign that more people are buying used products. The fact that 2/3 of Chinese customers were new to Apple and they dropped 27% is a serious sign that the gravy train of expensive upgrades has started to derail. Whe 62% of your sales is overseas, those high prices will impact the overall sales very quickly as economies slow down.
When asked about the prices of the iPhones, he talked about carrier subsidies, foreign exchange winds and batteries. Those factors have been around for 4 years and the battery repelacment only emphasis that people can’t afford to upgrade.
I think Apple Watch will experience the same growing pains do to high price. Apple forced me to spend and extra $125 by adding cellular when all I wanted was steel frame. Moves like that will limit their growth.
Next year when we don’t have the tax cut to compare net income and it will fall off a cliff. The new iPad is awesome but next year we will see a significant drop when comparing with this year.
This was the shortest CC in a long time. They talked up Services and margins, but no way video services and Apple Pay will make up for a drop in IPhone sales. We don’t hear about corporate adoption or opportunity to grow in the high end iPHone market in developing countries. There is no more talk about low market share and the potential of growth.
SPY barely moved in AH. Apple will be brought down to earth when the market corrects. I expect to see 142 or lower by end of March.
Despite the negativity the opportunity to make money from aapl is huge. In the next 12 months there will be a number of corrections and rallies.
On a side note I have swam 3 hours in three days and Apple will make me keep my Apple Watch for 4 years.
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Post by longsince98 on Jan 29, 2019 22:45:25 GMT -8
PSA Predictions and technical speculation from influential people can become self fulfilling prophecies. There’s been a very vocal bear (in sheep’s clothing) on this board, and even the bulls can’t deny this person’s impact on general sentiment. We need to remember that everyone has an agenda. And he has been half right for a quarter... sheeps clothing or no. This is a place to share, interject, obviscate, and render opinions as it were regarding AAPL. With civility. 2 pennies. Brian Half right is also half wrong. I fully agree with civility. Some voices are louder than others, so I find even myself needing reminders to maintain neutral thinking. And as we learned recently, there are many who are newer to this board and it’s history. I welcome all opinions - I’m cautious about veiled agendas.
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Post by redinaustin on Jan 30, 2019 1:02:43 GMT -8
I like to hear LUCA's voice. Love that Italian sound. Not as much as I do! Pure sexiness. I would listen to him read a court docket for hours on end!
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