chinacat
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AAPL Long since 2006
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Post by chinacat on Jan 25, 2020 6:48:03 GMT -8
Yesterday was the anniversary of the event that really kicked off the incredible story that this forum celebrates: Happy Birthday, Apple Macintosh!. Thanks, Steve (and many others)!
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jan 25, 2020 9:26:08 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jan 25, 2020 11:10:26 GMT -8
Lordy, talk about dodging a bullet. Imagine how different all of our portfolios would be today. Sun no longer exists so who knows what would have become of Apple. Maybe it would be a part of Oracle like Java. For those who don't recall, I got into AAPL around 1993, so I lived through a lot of this (honestly, I'd forgotten the Sun thing in my age-addled brain, since it was never consummated). But I do recall being a stockholder during the Gil Amelio nadir of Apple. But let's not be too hard on old Gil. After all, whereas John Scully will be remembered as making the worst personnel decision in history, as Larry Ellison put it, at least Gil saved Apple from himself by "buying Steve" and NeXT. I do of course remember being very excited about Jobs' return; it was like someone telling you as an adult that, yes, Santa Claus is actually real. My middle class father was in his early 50's at the time, disabled and unable to work his pharma sales job from a work-related head injury. On my strong encouragement, my parents had put a significant amount of their savings into AAPL (at a then $16/share, which is around $0.57 today after splits). So they'd been watching AAPL closely during the Amelio reign, and had been giving me that, "are you sure about this?" look as Apple teetered. When Steve came back, I told my parents, "this is where your patience with Apple starts to pay off." My parents are now one percenters. However, my dad still lives like a middle class salesman. As for myself, I've chronicled before how AAPL bought my home (twice). And I'm talking California where that is actually really expensive. So you can imagine, me having lived through this era, how I eye roll when people today talk about the demise of Apple. Well, I've lived through countless demises of Apple, young whippersnappers! So you can see how my feelings about Apple are particularly proprietary. Long time shareholders are not treated any better than those who have held AAPL for one day. But I definitely feel like a family member is being attacked when someone assails Apple. It is sad to read the comments below every Apple story and see the hate for Apple, largely because of its success. We used to admire our great companies in America. So few Americans even understand who really owns a publicly traded corporation. A real failure of our education system. The reality is, with the tens of millions of IRAs and 401k's and public pensions all riding on AAPL, we're all in this together.
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Post by nwjade on Jan 25, 2020 15:49:46 GMT -8
Not to spoil the party but I see the potential of the coronavirus over in China to really hurt Apple’s forward momentum. Hong Kong is now being quarantined. Does anyone know how far away Foxconn is from Wuhan where it all started? I brought over zzmac's post from Friday.
I agree depending how this develops and is handled by China the headline risk is high (and from fear mongers like cnbc).
Foxconn's iPhone manufacturing facility is located in Shenzhen which is about 20 miles outside of Hong Kong as a reference point. The distance from Shenzhen to Wuhan is about 560 miles. See link with map: www.chinahighlights.com/wuhan/map.htm The Number of Coronavirus Cases (Updated 2020.1.25 10:28) Developing news sounds like the entire providence of Hubei is under quarantine. Hopefully none of Apple's supply chain is from that area.
So short term we've got the Coronavirus, earnings on Tuesday after the close with expectations high, the Fed on Wednesday and the on going impeachment trial in the Senate. What could go wrong...? On the plus side Apple has many positives going for it which we're all aware of, in addition, the economy both in the U.S. and the rest of the world are in pretty good shape, the Fed is accommodative, Phase one of the trade deal has been signed, Brexit is being worked out etc.
I know as a long term investor when the ride gets bumpy, as it has so many times in the past, I'll hold onto my seat and ride it out. Sure would be nice if the world comes through this without the Coronavirus becoming a much more serious problem.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jan 26, 2020 6:04:33 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jan 26, 2020 8:27:57 GMT -8
PED today has a video with Daniel Ives, he of the $400 price target. His foundation is something that has been often discussed here at AFB, “the monetization of the base.” He even includes iPhones as part of the recurring services-like cycle, as although the replacement cycle appears to be lengthening a bit, very few iPhone users switch to anything else.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
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Post by Dave on Jan 26, 2020 15:40:39 GMT -8
PED today has a video with Daniel Ives, he of the $400 price target. His foundation is something that has been often discussed here at AFB, “the monetization of the base.” He even includes iPhones as part of the recurring services-like cycle, as although the replacement cycle appears to be lengthening a bit, very few iPhone users switch to anything else. From the comments section:
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