Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,117
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Post by Dave on May 22, 2023 0:44:13 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,117
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Post by Dave on May 22, 2023 0:49:45 GMT -8
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Post by CdnPhoto on May 22, 2023 4:52:45 GMT -8
DOWNGRADE?!?!?!?
LOOP CAPITAL: “Specifically, Loop Capital Supply Chain Analyst John Donovan sees AAPL having reduced its Jun Q builds and shipments by 10%, and we note this is incremental to the reduced Jun Q guidance AAPL provided on 5/4.”
- Downgrades $AAPL To Hold From Buy.
- Keeps $180 PT.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on May 22, 2023 6:44:42 GMT -8
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4aapl
Moderator
Posts: 3,653
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Post by 4aapl on May 22, 2023 10:46:22 GMT -8
Ford interview: Ford CEO on EVs: We are going to see pricing pressureI read the transcript instead of watching the video. And as much as I hate seeing typos or errors in stories, transcripts can be the worst. There was an error or two, but just so much that we find fine in informal speech ("gonna"), along with saying "yes" in the middle of someone else's sentence. But the important parts to me were in-housing battery production, and in-housing electronics. (other efficiencies are important too, like the assembly methods they mention here, and the extra 7 miles of wiring they mentioned months ago) An automaker, any automaker, is quite different from Apple. But there are underlying similarities, such as having a complex manufacturing process with lots of parts. And there is a time where you have to decide if you want to just do it all yourself, which might make sense in certain circumstances. OTOH, Toyota is pushed as the king of efficiency in the automotive arena (really enjoyed "The Toyota Way"), and if they find it better to work tightly with outside vendors than take the whole process in-house, then... It's good to pay attention to what issues and solutions are hit in other industries, especially when it might be one that Apple chooses to enter (or not enter) at some point. And while Ford might be more analogous to Dell or HP, it's still helpful to see what they are up to, especially if they are going to be so vocal about it. OTOH, where Apple hits some problems with longer times between upgrades, the car industry has even longer upgrade cycles, while also having much higher overall cost per item. There is the real worry of an osborne affect, depending on demand and inventory. But most of the time the changes are relatively small. The difference is when looking at a major change, such as a significant improvement in mileage due to a turbo, hybrid, or EV change, especially looking at the fueling cost over 200k miles. An AWD version of the Maverick Hybrid would drop the fuel costs by around $10k, which is pretty huge on a vehicle around $25k. But we'll probably hold out for a new Tacoma, if they manage to get good mileage out of it even though they are putting a crazy amount of HP and torque into that size vehicle. With big changes come delayed purchases, which might work ok in environments that could still have an undersupply of vehicles. Just as Apple does a good job of slowing production when out of peak season and before a product changeover, auto makers do a similar thing when retooling. We hear of months long timeframes for silicon, but it would be interesting to hear of both direct assembly timeframes for the iPhone, but also overall go/no go timeframes for all parts inside, knowing when Apple had to commit to parts for an iPhone assembled today. With plenty of unique parts, it's likely 2-5 months or longer. But that is one advantage of continuing to have some old models around while also supplying parts for them, that they can slow the supply but not worry about needing it to come to a complete stop at an instant. Fun times. I thought AAPL would be all green this week in WWDC anticipation. But a downgrade can sidetrack things at any moment.
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