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Post by dreamRaj on Dec 12, 2019 7:04:09 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Dec 12, 2019 7:10:31 GMT -8
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Post by firestorm on Dec 12, 2019 7:22:17 GMT -8
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ono
Member
compensation
Posts: 537
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Post by ono on Dec 12, 2019 7:49:26 GMT -8
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Post by artman1033 on Dec 12, 2019 7:56:47 GMT -8
AAPL ALL TIME HIGH! $272.55 All Time Highest TODAY intraday
updated at close (3 PM CENTRAL)
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Post by dreamRaj on Dec 12, 2019 8:52:27 GMT -8
Back to 268.20. This pattern of hitting a high and seeing a sell-off (albeit small) is starting to concern me. I get it that the weak hands are selling to book profits and more so to be safe because of getting burned in the past. Does anyone see this as the beginning of trouble?
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Dec 12, 2019 8:58:24 GMT -8
I admit that I don't track the numbers as closely as I should, but last year a 5% decline in revenue in China let to the revisions that sent the stock down 10%. If shipments fall 35%, can services really make up for it? Someone with a sharper pencil, please convince me that history will not repeat itself.
I agree with others here that point out that the greatest intellectual property theft has not been from the Chinese, but from Google and Microsoft. If we cannot protect IP in our own country, why are we creating trade tensions over IP? Without the artificially induced uncertainty, I think we would be over 300 by now.
I just realized that in one post I have claimed that we should be lower because of sales in China and that we should be higher. How am I doing sponge? Please come back
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Dec 12, 2019 9:41:03 GMT -8
Among other reasons, I see the anticipation of a 5G iPhone next year for the big run up in share price these last couple of months. If there’s not some indication in the next earnings report/guidance or really anything from Apple for this market to hold on to then a large part of these gains will go away. They say the market looks ahead about 6 months, I’m hoping Tim gives them something to look at.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Dec 12, 2019 9:53:45 GMT -8
Except the dopey author Suzanne Deffree didn't take into account AAPL's stock splits (4 for a total of 56x). For someone with a cost basis of $22 in 1980, Apple is trading at $15,120. I was going to log in and correct her in the comments, but they have a creepier and stalkier "accept our terms" than Google.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Dec 12, 2019 10:39:03 GMT -8
Not to be too ad hominem here, but does anyone really trust these sell side guys? What is "MIIT data"? I searched the MIIT's English Website (China Academy of Information and Communications Technology, scientific research institute directly under the Ministry of Industry and Information Technology (MIIT) of China) and I can't find any numbers breaking down iPhone sales. But a report from last month (Bloomberg) says that iPhone 11 sales were up 6% YoY. So how is this the "second straight double digit decline"? Does anyone here speak Chinese? Another story on this: For Apple, Troubling Data Points From China? (pymnts.com)
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Dec 12, 2019 10:56:01 GMT -8
I admit that I don't track the numbers as closely as I should, but last year a 5% decline in revenue in China let to the revisions that sent the stock down 10%. If shipments fall 35%, can services really make up for it? Someone with a sharper pencil, please convince me that history will not repeat itself. I agree with others here that point out that the greatest intellectual property theft has not been from the Chinese, but from Google and Microsoft. If we cannot protect IP in our own country, why are we creating trade tensions over IP? Without the artificially induced uncertainty, I think we would be over 300 by now. I just realized that in one post I have claimed that we should be lower because of sales in China and that we should be higher. How am I doing sponge? Please come back
you're asking great and timely questions... and yeah, last year aapl fell 10% at some point... after already being down 30% 233 to 142 is a 40% drop and it happened in like 2 months.... weird how fast people forget! (yes, missing sponge badly for my trading karma)
i also agree about ip.... but remember, 'trade wars a good and easy to win!!!!' ....that said, i gave up trying to trade that and resigned to make any outcome a good one.... i'm out of most of my bullish swing trades and have cash ready to pounce in case there's another tweet that sends aapl down... the last big doo-doo was in early august, we're overdue
it's been incredibly smooth sailing up to here since early september, so no complaints
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Dec 12, 2019 10:58:58 GMT -8
Back to 268.20. This pattern of hitting a high and seeing a sell-off (albeit small) is starting to concern me. I get it that the weak hands are selling to book profits and more so to be safe because of getting burned in the past. Does anyone see this as the beginning of trouble? I am not a trader, so these patterns never concern me. But with the very strong performance of wearables in the pre-holiday market (AirPods Pro are likely gifts for several on our list) and the anticipation of future services growth from TV+ (nice to see Golden Globe nomination), plus 5G anticipation, any “trouble” should be fairly short-lived.
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Dec 12, 2019 11:01:07 GMT -8
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Post by artman1033 on Dec 12, 2019 13:07:06 GMT -8
AAPL ALL TIME HIGH!$272.55All Time Highest TODAY intraday 33,092,138
shares traded today AAPL ALL TIME HIGHEST CLOSE!$271.46aaplinvestors.net/stats/rank/AAPL market CAP. +1.205 TRILLION AAPL ALL TIME HIGH market CAP. +1.205 TRILLION TODAY +$1.205 TRILLION
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4aapl
Moderator
Posts: 3,631
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Post by 4aapl on Dec 12, 2019 16:02:31 GMT -8
A lot of movement today, with over a 5 point range. And now up in after-hours, currently at 272.85.
We'll see what the coming days bring, concerning trade. It could bring a nice boost, to AAPL and to the market.
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Post by hyci004 on Dec 12, 2019 19:23:25 GMT -8
“Looking forward to the next quarter, I am expecting a 51% increase y/y for Wearables and 24% growth in Watch. This results in a Watch revenues about $5.2 billion and non-Watch $5.7 billion. Now if we assume $1.7 billion for non-Watch-non-AirPods (i.e. Apple TV, HomePod, Beats, iPod, other) then this quarter AirPods will have overtaken peak iPod.” www.asymco.com/2019/12/12/ipods-pro/
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