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Post by sponge on Jul 30, 2019 12:32:07 GMT -8
I was about to post that 215 is what I see as initial reaction
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Post by dreamRaj on Jul 30, 2019 12:32:37 GMT -8
Not bad
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Post by sponge on Jul 30, 2019 12:34:59 GMT -8
Solid numbers. I want to see the details.
I still think we will make a run to 218 tomorrow.
Also notice the 205 print in AH as well.
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Post by dreamRaj on Jul 30, 2019 12:35:07 GMT -8
Small but decent beat on all numbers, especially the guidance.
The fears have been put to rest.
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Post by therealmercel on Jul 30, 2019 12:36:44 GMT -8
My $53.7B Rev and $2.17 EPS turned out decent enough. Apple surprised to the upside with FQ4
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Ted
fire starter
Posts: 882
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Post by Ted on Jul 30, 2019 12:38:28 GMT -8
Righteous results. AH hitting 216-ish. Way to go, team Apple and the AAPL stockholders at large!
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Post by sponge on Jul 30, 2019 12:39:13 GMT -8
12% growth in Services.
This shows that without significant iPhone growth services is slowing down fast.
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Post by therealmercel on Jul 30, 2019 12:40:22 GMT -8
Yeah, Services is a bit of a disappointment. Surprised.
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Post by artman1033 on Jul 30, 2019 12:41:02 GMT -8
Company Revenue Sets June Quarter Record Services Revenue Reaches New All-Time High Cupertino, California — July 30, 2019 — Apple today announced financial results for its fiscal 2019 third quarter ended June 29, 2019. The Company posted quarterly revenue of $53.8 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.18, down 7 percent. International sales accounted for 59 percent of the quarter’s revenue. “This was our biggest June quarter ever — driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends,” said Tim Cook, Apple’s CEO. “These results are promising across all our geographic segments, and we’re confident about what’s ahead. The balance of calendar 2019 will be an exciting period, with major launches on all of our platforms, new services and several new products.” “Our year-over-year business performance improved compared to the March quarter and drove strong operating cash flow of $11.6 billion,” said Luca Maestri, Apple’s CFO. “We returned over $21 billion to shareholders during the quarter, including $17 billion through open market repurchases of almost 88 million Apple shares, and $3.6 billion in dividends and equivalents.” Apple is providing the following guidance for its fiscal 2019 fourth quarter: revenue between $61 billion and $64 billion gross margin between 37.5 percent and 38.5 percent operating expenses between $8.7 billion and $8.8 billion other income/(expense) of $200 million tax rate of approximately 16.5 percent Apple’s board of directors has declared a cash dividend of $0.77 per share of the Company’s common stock. The dividend is payable on August 15, 2019 to shareholders of record as of the close of business on August 12, 2019. Apple will provide live streaming of its Q3 2019 financial results conference call beginning at 2:00 p.m. PDT on July 30, 2019 at www.apple.com/investor/earnings-call. This webcast will also be available for replay for approximately two weeks thereafter. Apple periodically provides information for investors on its corporate website, apple.com, and its investors relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance and details related to its annual meeting of shareholders.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jul 30, 2019 12:42:11 GMT -8
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Post by sponge on Jul 30, 2019 12:42:20 GMT -8
wearables increased 50%. This tells me that folks are buying up Apple Watches and Airpods instead of new iPhones.
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Post by dreamRaj on Jul 30, 2019 12:46:14 GMT -8
After last earnings, the AH action was upbeat but the stock really went roaring and soaring the next day. (Let's not talk about what happened thereafter.)
Hoping the roaring and soaring part repeats tomorrow.
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Jul 30, 2019 12:47:19 GMT -8
12% growth in Services. This shows that without significant iPhone growth services is slowing down fast. I have '18 Q3 as 9.5B for services, so 11.5 is a 21% increase. Not the 30% increase a year ago, but better than the 16% YOY increase last Q. Did I write down something wrong?
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Post by sponge on Jul 30, 2019 12:47:41 GMT -8
Feels good to be in cash. Now will watch how we trade tomorrow in the first three hours and how the SPY trades.
Their guidance can still show a drop in revenue this Q. This tells me they are not sure how the new iPHones will sell.
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Post by longsince98 on Jul 30, 2019 12:48:50 GMT -8
After last earnings, the AH action was upbeat but the stock really went roaring and soaring the next day. (Let's not talk about what happened thereafter.) Hoping the roaring and soaring part repeats tomorrow. Tho fortunately this time is leading up to iPhone announcement season (historically very positive:)
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Jul 30, 2019 12:49:31 GMT -8
Solid numbers. I want to see the details. I still think we will make a run to 218 tomorrow.
but but but but....!! you said 211.50 tomorrow! and then extended range to 210.50-211.49...
spongieeeeeeeee don't break my heart!
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SomeJuan
Member
Taking a nap…
Posts: 321
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Post by SomeJuan on Jul 30, 2019 12:50:19 GMT -8
Sponge,
Go back to your old slogan! You give me whiplash. I respect you, I just disagree with your prognostications,
Invest in what you know, and cease filling the board with BS.
This is not a spitting contest, just cool it down.
While I am on my once quarterly outlook, let us get civility back in the board, the infighting and politics belong at ZeroHedge for Christ sakes.
Cheers to the longs, cheers to Lucky...
Let us make my friend Luv proud!
2.5 pennies
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Post by therealmercel on Jul 30, 2019 12:50:52 GMT -8
12% growth in Services. This shows that without significant iPhone growth services is slowing down fast. I have '18 Q3 as 9.5B for services, so 11.5 is a 21% increase. Not the 30% increase a year ago, but better than the 16% YOY increase last Q. Did I write down something wrong? Apple Services was 9.934B FQ3 2018 (excluding the one-time 236M bump last year), for a ~16% YOY increase.
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Post by sponge on Jul 30, 2019 12:51:14 GMT -8
Well we almost got my 218 in AH
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Post by longsince98 on Jul 30, 2019 12:51:28 GMT -8
12% growth in Services. This shows that without significant iPhone growth services is slowing down fast. hey Sponge, would you mind laying out the math for that? I get 21%, but I may be wrong?
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Post by sponge on Jul 30, 2019 12:52:24 GMT -8
I have '18 Q3 as 9.5B for services, so 11.5 is a 21% increase. Not the 30% increase a year ago, but better than the 16% YOY increase last Q. Did I write down something wrong? Apple Services was 9.934B FQ3 2018 (excluding the one-time 236M bump last year), for a ~16% YOY increase. I see 10.17 billion
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Post by therealmercel on Jul 30, 2019 12:53:21 GMT -8
Feels good to be in cash. Now will watch how we trade tomorrow in the first three hours and how the SPY trades. Their guidance can still show a drop in revenue this Q. This tells me they are not sure how the new iPHones will sell. Why does it feel good to be in cash? You missed a BEAT!
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Post by sponge on Jul 30, 2019 12:54:26 GMT -8
Last year at this time services grew 31%
Wearables grew 37%.
So wearables really helped a great deal. Macs and iPad did well as well. They were down-5%,
Apple has made it much harder to read their Q earnings
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Post by therealmercel on Jul 30, 2019 12:55:35 GMT -8
Apple Services was 9.934B FQ3 2018 (excluding the one-time 236M bump last year), for a ~16% YOY increase. I see 10.17 billion You need to pull out the one-time $236M bump in Services last year FQ3
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Post by sponge on Jul 30, 2019 13:00:47 GMT -8
Volume is not impressive in AH
We could very well go negative tomorrow
Headlines are not encouraging about drop in iPhone sales.
So far the stock is acting like I expected. Once start to correct and it is confirmed that we are going down, I will go all in with puts.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 30, 2019 13:05:24 GMT -8
Has the call started? I'm not getting anything
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 30, 2019 13:06:33 GMT -8
OK, got it! My mistake
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Post by therealmercel on Jul 30, 2019 13:06:37 GMT -8
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Post by elmar on Jul 30, 2019 13:06:54 GMT -8
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Post by therealmercel on Jul 30, 2019 13:10:09 GMT -8
12% growth in Services. This shows that without significant iPhone growth services is slowing down fast. hey Sponge, would you mind laying out the math for that? I get 21%, but I may be wrong? YOY increase in Services is up 15% (11.45 vs. 9.934 a year ago).
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