Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Apr 30, 2019 2:27:07 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Apr 30, 2019 5:28:19 GMT -8
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Post by rmhe1999 on Apr 30, 2019 7:13:52 GMT -8
You know, typically I would expect the steep drop AFTER earnings release, not before....
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Post by CdnPhoto on Apr 30, 2019 7:20:23 GMT -8
You know, typically I would expect the steep drop AFTER earnings release, not before.... I think this is residual from the GOOG drop.
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Post by osx10 on Apr 30, 2019 7:29:13 GMT -8
Hate to sound paranoid, but it makes me wonder if the big boys already know the forward guidance for next qtr.
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Post by elmar on Apr 30, 2019 7:45:41 GMT -8
You know, typically I would expect the steep drop AFTER earnings release, not before.... But we had now often a "sell before the news" effect, so I am not very surprised.
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Post by sponge on Apr 30, 2019 8:01:13 GMT -8
Hate to sound paranoid, but it makes me wonder if the big boys already know the forward guidance for next qtr. This big boy knows the numbers won’t be that great. My eps is 2.30 with guidance around 1.90. The stock can either drop 3% or 10%. Given the recent upgrades I don’t think they will allow it to drop more then 4 to 5%. Dividend raise and stock buybacks will keep us from crashing like google. Those playing weekly options made most of their money today. If we drop below 199 at the close then I might tempted to jump in a little.
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Post by gtrplyr on Apr 30, 2019 8:23:02 GMT -8
Let the gamblers do their thing .... I don't much care what happens today as the long term for AAPL looks better than ever.
Pretty sure the 5G roll out in the next 12-18 months will spur lots of phone sales meanwhile services will remain on fire.
BTW, if I'm not mistaken this is the quarter where they raise the dividend ... hopefully it will be a bigger raise percentage wise than usual but I'm not holding my breath.
Cheers to the longs.
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Post by mrentropy on Apr 30, 2019 8:46:08 GMT -8
I don’t have any basis in fact, but I hope Apple bought back a surprising amount of stock during the dip. The crash happened at the tail end of last quarter making this quarter ripe for buybacks. Fingers crossed
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Post by incorrigible on Apr 30, 2019 9:01:08 GMT -8
I don’t have any basis in fact, but I hope Apple bought back a surprising amount of stick during the dip. The crash happened at the tail end of last quarter making this quarter ripe for buybacks. Fingers crossed This ... and a nice hike in the dividend (15-16% is reasonable) to get to a decent yield and I'll be pleased. Come on Apple ... you (we) can afford it.
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Post by sponge on Apr 30, 2019 12:03:14 GMT -8
Puts were very expensive today but so were calls. OI went upon both overnight. So we could actually go up regardless of what aapl reports.
I stayed out and will buy tomorrow based on earnings.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Apr 30, 2019 12:28:46 GMT -8
Must be good. After hours turned from RED to very GREEN...
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Post by dreamRaj on Apr 30, 2019 12:30:51 GMT -8
$2.46 a share on $58B in sales
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Post by incorrigible on Apr 30, 2019 12:31:24 GMT -8
$2.46 a share on $58B in sales A beat. Nice.
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Post by mercel on Apr 30, 2019 12:31:40 GMT -8
Missed it by a penny. Congrats to the longs!
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Post by dreamRaj on Apr 30, 2019 12:31:49 GMT -8
AAPL at 212
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Post by audiosculpture12 on Apr 30, 2019 12:33:29 GMT -8
Well blimey. Thanks for talking me down yesterday!
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Since84
Moderator
To infinity and beyond!
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Post by Since84 on Apr 30, 2019 12:33:34 GMT -8
From CNBC...
Apple earnings: $2.46 per share, vs $2.36 per share expected
Apple reported earnings for its March quarter Tuesday that fell in line with expectations, although revenue was down from the same period last year. However, Apple's guidance for next quarter was higher than analysts expected.
Apple stock spiked over 4% in extended trading.
Here's how the company did compared to what Wall Street expected:
EPS: $2.46 vs. $2.36 forecast by Refinitiv consensus estimates Revenue: $58.02 billion vs. $57.37 billion forecast by Refinitiv consensus estimates Q2 iPhone revenue: $31.05 billion vs. $31.03 billion, forecast by Refinitiv consensus estimates Q2 services revenue: $11.45 billion vs. $11.37 billion, forecast by Refinitiv consensus estimates Projected Q3 revenue: $52.5 to $54.5 billion vs. $51.94 billion forecast by Refinitiv consensus estimates Apple saw decline in its main revenue stream, iPhone sales, during the quarter. But guidance for Apple's fiscal third quarter was higher than expected, suggesting Apple's iPhone demand machine is revving again and that services revenue continues to grow. In January, Apple cut its first-quarter forecast, blaming slow iPhone sales in China.
In an interview with CNBC's Josh Lipton, CEO Tim Cook said that Apple's performance in China had improved over the previous quarter and saw greater strength towards the end of the quarter. Cook also said that a sales tax cut had helped decrease the price of Apple products, which had helped. Cook said that the trade relationship between the U.S. and China had improved as well.
"The tone is much better than it was in the November-December timeframe. I think that affects consumer confidence in a very positive way," Cook said.
Apple said that it had $10.22 billion in sales in its Greater China category, which also includes Taiwan and Hong Kong.
Apple also said that it would spend $75 billion on share repurchases and it also approved 75 cent dividend per share, a 5% increase. Apple announced that it would spend $100 billion during this period last year.
Apple has recently been signaling to investors that iPhone sales aren't the critical number to watch. Apple instead is highlighting its services revenue, which includes products like iCloud, Apple Music, AppleCare warranties and others. Apple reported $11.45 billion in services revenue, which is up 16% from the same time last year.
Apple isn't providing an updated installed base figure of 1.1 billion devices, but Cook did say that it hit an all-time record last quarter across all categories.
Apple's individual product lines are still critical for the company.
Here's how the product lines break down:
iPhone: $31.05 billion vs. $31.10 billion expected
iPad: $4.87 billion vs. $4.21 billion expected
Mac: $5.5 billion vs. $5.85 billion expected
Wearables: $5.1 billion vs. $4.79 billion expected
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Post by dreamRaj on Apr 30, 2019 12:33:37 GMT -8
Guidance is good. $52.5B-$54.5B in Q3, above expectations.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Apr 30, 2019 12:35:59 GMT -8
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Post by gtrplyr on Apr 30, 2019 12:36:14 GMT -8
All good except the lousy $.05 dividend raise .... cheap bastards.
Cheers to the longs !!!
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Post by dreamRaj on Apr 30, 2019 12:36:21 GMT -8
We'll see upgrades tomorrow and maybe a WHEEEE
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Post by incorrigible on Apr 30, 2019 12:36:42 GMT -8
"and it also approved 75 cent dividend per share, a 5% increase."
What a fucking joke!! Way lower than expected. That's just ridiculous. I'll be trimming my holdings for sure.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Apr 30, 2019 12:37:49 GMT -8
and here I expected a 10 to 15% dividend raise...
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Post by dreamRaj on Apr 30, 2019 12:38:12 GMT -8
All good except the lousy $.05 dividend raise .... cheap bastards. Cheers to the longs !!! For real!! That's really cheap of them
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Post by dmiller on Apr 30, 2019 12:40:16 GMT -8
This is the lowest dividend increase since the dividends were started again. Not sure what to make of that.
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Post by macster on Apr 30, 2019 12:43:04 GMT -8
Its a slap in the face... 5 cents lol
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Post by dreamRaj on Apr 30, 2019 12:43:56 GMT -8
This is the lowest dividend increase since the dividends were started again. Not sure what to make of that. I guess they thought the numbers are good so the stock 'will' go higher, so let's save some money.
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Post by dmiller on Apr 30, 2019 12:44:58 GMT -8
Guess if you average last year’s 15% increase with this year’s 5, you end up with an average of 10% over the last 2 years. “Yay”.
Except weren’t we not unreasonably expecting larger dividend increases thanks to the historically huge cash repatriation and lower corporate tax rate?
Guess not.
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Post by aapltini on Apr 30, 2019 12:45:08 GMT -8
After all that the AAPL faithful endured this year I was really hoping for a dividend surprise. Boy, did I ever get one😢
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