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Post by therealmercel on Jul 30, 2019 13:11:03 GMT -8
Tim has a cold. Guess there's no app for that.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jul 30, 2019 13:11:32 GMT -8
Feels good to be long AAPL.
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Post by longsince98 on Jul 30, 2019 13:11:59 GMT -8
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). Ah, saw $9.5b somewhere. Thanks
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Post by therealmercel on Jul 30, 2019 13:14:04 GMT -8
Feels good to be long AAPL. I trimmed too much. Still, a 6 figure bump awaits me tomorrow. Cheers to AAPL longs...
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Post by dreamRaj on Jul 30, 2019 13:18:15 GMT -8
Back to being a trillion dollar company. Again.
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4aapl
Moderator
Posts: 3,625
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Post by 4aapl on Jul 30, 2019 13:27:07 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 don't get it. I found this which lists 9.5B, including the extra benefit www.apple.com/newsroom/pdfs/Q3FY18DataSummary.pdf......and then Luca says 16%. Their current consolidated form lists ~10.2 a year ago. www.apple.com/newsroom/pdfs/Q3%20FY19%20Consolidated%20Financial%20Statements.pdfWhatever. Glad it's growing. They must be including more in Services now from a year ago, and so recalculated things.
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Post by therealmercel on Jul 30, 2019 13:33:52 GMT -8
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Post by elmar on Jul 30, 2019 14:05:11 GMT -8
I am wondering about the relative stable AH price action which is in stark contrast to previous calls. I do see this as a positive for tomorrow and the following days.
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Post by pauls on Jul 30, 2019 14:06:25 GMT -8
Congrats to all longs! #’s came in about where I expected, but after hours spike was a nice surprise. No plans to lighten up for the next few years+. Really happy about this part- “Apple's quarterly non-iPhone revenue (everything other than iPhone) exceeded iPhone revenue for the first time in seven years.”
New products and services will change the conversation and help the valuation, IMO.
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Post by ericinaustin on Jul 30, 2019 15:03:32 GMT -8
Exactly. Software services companies have much higher mult. Than hardware. 10 to20% inc. in the P/E ratio could mean serious price inc.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 30, 2019 15:19:24 GMT -8
Wow! Nice to see old friends showing up for Earnings Day. Don’t be such strangers
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Post by sponge on Jul 30, 2019 15:40:03 GMT -8
Discovered a gap at 219.19. So we could see that in am.
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Post by sponge on Jul 30, 2019 15:48:34 GMT -8
I still need to listen to conference call.
But notes online show typical deflection from the obvious. We have a good economy and yet they are guiding the possibility of a drop in revenue.
I am impressed with margins despite a drop in iPhone revenue.
I think Apple is making a killing on margin with the iPad, AirPods, and Apple Watch.
Services are great but the next batch will incur expenses, ie credit card and movies. Not sure if any of those expenses are listed in their statements presently.
IPad and MAC sales are going thru typical upgrade cycles
A year from now they may not have 10% growth.
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Post by CdnPhoto on Jul 30, 2019 17:06:05 GMT -8
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Post by therealmercel on Jul 30, 2019 17:06:55 GMT -8
Apple’s 60+ % margin in Services is killing it, not iPads and Macs
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Post by sponge on Jul 30, 2019 17:37:34 GMT -8
Apple’s 60+ % margin in Services is killing it, not iPads and Macs I think the 60% is on storage, Apple care, and maybe Apple Music. At 15% growth it will take at least 7 years with everything flat for profit to match the other categories. But everything else will grow so services will still make up small % of profit growth.
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Post by longsince98 on Jul 30, 2019 17:47:51 GMT -8
Worth repeating this valuation pumper!!
“Apple's quarterly non-iPhone revenue (everything other than iPhone) exceeded iPhone revenue for the first time in seven years.”
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Post by sponge on Jul 30, 2019 18:40:57 GMT -8
Worth repeating this valuation pumper!! “Apple's quarterly non-iPhone revenue (everything other than iPhone) exceeded iPhone revenue for the first time in seven years.” It would have been better had iPhone revenue was up. TC bragged about all the market share that was potentially up for grabs. Yes installed base increased, but market share is dropping. Price is the biggest factor. Drop the iPhone price like they did for the generation 3 Apple Watch and iPad light, and watch sales go back up again along with everything else.
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Post by longsince98 on Jul 30, 2019 20:51:34 GMT -8
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4aapl
Moderator
Posts: 3,625
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Post by 4aapl on Jul 30, 2019 21:04:19 GMT -8
For those looking for the podcast feed of the Q3 '19 earnings, it's available: rss.art19.com/apple-quarterly-earnings-callWith too many important things going on today, and too little sleep, I missed most of it...but did hear Tim going into some puffed up details. Still, it's always good to remember that they always say things like "there are great things in the pipeline" and "looking forward to the best products, ever". I remember getting too excited when Steve said that sort of stuff, leading into Apple's 30th or 35th anniversary. FYI, google finance does a great job of graphing AH pricing. I only look these on rare occasions like this, where AAPL makes a big AH move. See the daily view of finance.google.com/finance?q=AAPL and tweak the settings if it's not showing up. Not that AH matters. But sometimes, like options, it can be fun. Thanks AAPL!
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