mark
fire starter
Posts: 1,552
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Post by mark on Sept 6, 2023 1:54:02 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Sept 6, 2023 6:08:13 GMT -8
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Post by archibaldtuttle on Sept 6, 2023 6:39:47 GMT -8
This market is entirely inflation / Fed rate driven.
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4aapl
Moderator
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Post by 4aapl on Sept 6, 2023 7:36:02 GMT -8
Horace Deidu has 2 new posts at Asymco.com on Apple's $2 Trillion Economy and The Value of a Customer. This was from yesterday, and the link brings you to the main page that has both articles. The meat of it is that Apple users are about 8x more valuable, based on that spending and revenue at the respective app stores. FWIW, we are the outlier in 2 things he looked at. Due to getting into the iPhone before the family share options, we still use one Apple ID across several devices. I think it's 3 iPhones and an iPad, that get at least weekly use. 2 of the kids created their own accounts, and the storage options do favor making that switch so that one person receiving videos from friends in Messages doesn't fill up all the space. The other thing is that we just haven't made the jump to buying a whole bunch of apps, especially on a monthly basis. Most of the ones that we do sign up for (house design, plant identifier, etc) we don't end up using much. Personally I'd much rather spend upfront and own it than continuously pay for something via subscription, though a decent compromise is a small fee for mid-level features and then a subscription if you want the higher end features. Regardless, we don't make his $10/month average, which makes me think there is probably a huge skew there, not entirely different than some of his graphs where a small group would spend a whole bunch, but it would tail off quickly. So the median might be only $5 or even $2/month. Just guessing. But if so, and what some apps end up doing, is to make the jump from not paying at all to paying a little bit a lot easier. Because that is a whole mindset change, going from freeware, burning man or 2600 idea that everything should be free, to paying something for it because you are hoping to get some personal value with it. And then there's the whole thing that we feel we already have too many apps, and so many things want their own app. On our recent trip, we had several for flights, a few when visiting places or castles, maybe some lodging specific ones, and one to pay for laundry at a dorm. And now we have ones for school, with new ones for school in general and for the sports calendars, since they switched services this year. And I used one for trail work yesterday, that had all the info for things like downed trees in desolation wilderness. Luckily it downloaded the data, because I was in dead zones most of the day. But even that was more functional, but pretty clunky with not the best user interface. It got the job done, but not in a quick and easy way. We're all different. What do you do? Do you just have pages and pages of apps, or do you have a "housekeeping chore" to purge ones even 2-4 weeks? Do you buy a bunch? Do you have multiple devices on the same Apple account? Or does family sharing work well?
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Post by duckpins on Sept 6, 2023 9:21:34 GMT -8
"We're all different. What do you do? Do you just have pages and pages of apps, or do you have a "housekeeping chore" to purge ones even 2-4 weeks? Do you buy a bunch? Do you have multiple devices on the same Apple account? Or does family sharing work well?"
I don't buy apps and hardly download free ones that just annoy with ads. But then I do all my stuff on an iMac not on the phone or pad. I have to say and point out, once you buy an app you own it and have the right to resell it. There is no way to do this. Certainly the government should force apple to provide a recycle store for apps that lets people unload what they don't want and recoup wasted money.
I remember a country star who was all upset people could resell CDs. Now you are essentially renting apps, you don't own them as you can't sell them.
September and August are the 2 worst months for stock averages. Aug was down overall despite the late rally. September is looking like it could be a 10-20 percent decline. How often has there been a 4% decline right before a phone announcement?
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mark
fire starter
Posts: 1,552
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Post by mark on Sept 6, 2023 9:49:31 GMT -8
"We're all different. What do you do? Do you just have pages and pages of apps, or do you have a "housekeeping chore" to purge ones even 2-4 weeks? Do you buy a bunch? Do you have multiple devices on the same Apple account? Or does family sharing work well?" I don't buy apps and hardly download free ones that just annoy with ads. But then I do all my stuff on an iMac not on the phone or pad. I have to say and point out, once you buy an app you own it and have the right to resell it. There is no way to do this. Certainly the government should force apple to provide a recycle store for apps that lets people unload what they don't want and recoup wasted money. I rarely buy apps, but sometimes I do, even somewhat pricy ones. For example, a few years back I bought an anatomy app that was $20 or so. And I do have "pages and pages" of apps, maybe 10 pages worth. I suppose I am an app hoarder. I also have MANY devices on my apple ID, probably 10 or so (mac, old mac, ipad, old ipad, iphone, old iphone, older iphone, oldest iphone, watch, apple TV, etc). Looks like Europe is picking on large foreign companies. That's because Europe, over the last 30+ years of massive tech growth, hasn't been able to find a way to compete in certain segments. The demands they are making directly show how absurd Europe is when it comes to tech, and perhaps also directly shows why they can't compete in those segments. Demanding anything big like this happen "in 6 months" is an absolute joke. It won't happen, but it would be interesting to see all 6 of these big companies simply turn off the newly illegal services for Europe until all the new code can be completed, properly tested, and certified by the Europe tech regulators. The first two will be completed in reasonable time, but the last one could take years and years based on their history.
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Post by duckpins on Sept 6, 2023 10:17:24 GMT -8
Oil price increases are a tax on Everyman. Should be slowing inflation so Fed should be joyous. Countries who have stopped refining, mining and drilling were too soon. Close the nuclear plants and you have what appears to be a permanent energy shortage. India and China are joining the middle class, that means energy fulled prosperity. Crypto is still draining the grid with no-one addressing this absurdity. Time for an FDR like plan to create and abundance of energy here so we can sell our fossil fuels overseas and bring some money back. Why let the Saudis make decisions that effect us? They are not our friends.
This overall arc is pushing down Apple along with the Sept. sell off. Disney still above 80 which is surprising. The 2026 Leaps will be out soon, I am waiting before adding new calls or longs. Mercury in retrograde to boot.
Announcements out of China all seem negative these days. But soccer subscriptions have increased since the big star moved to FL.
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Post by rmhe1999 on Sept 6, 2023 10:21:48 GMT -8
Any idea why AAPL is getting hit so hard today? I see no Apple specific news circulating. Just seems to be getting hit harder than other tech.
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Post by duckpins on Sept 6, 2023 10:33:11 GMT -8
China news. NVDA also.
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Post by Lstream on Sept 6, 2023 11:52:57 GMT -8
Any idea why AAPL is getting hit so hard today? I see no Apple specific news circulating. Just seems to be getting hit harder than other tech. China has banned the use of iPhones by government officials at work. There is concern about what knock-on affect there will be for Chinese consumer’s appetite for iPhones.
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Post by aaplcrazie on Sept 6, 2023 12:32:59 GMT -8
could this be retaliation for similar moves on TikTok in the 🇺🇸?
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Post by hledgard on Sept 6, 2023 13:18:49 GMT -8
The China news is clearly a problem. The news may have long term effects, especially as the tension between US and China continues and is real.
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4aapl
Moderator
Posts: 3,634
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Post by 4aapl on Sept 6, 2023 17:21:35 GMT -8
The 2026 Leaps will be out soon, I am waiting before adding new calls or longs. Mercury in retrograde to boot. Announcements out of China all seem negative these days. But soccer subscriptions have increased since the big star moved to FL. If bullish, the problem here is high volatility, which can kinda be approximated as high if the RSI is either near 30 or near 70. The best time to buy bullish calls is when volatility is low, or things are going down enough that other people see little future in AAPL. OTOH, that can also be the time to sell puts. As long as you are pretty certain with your investment, which for AAPL seems more and more certain to have a floor somewhere as reaccuring revenue from subscriptions and even HW becomes more and more consistent. There is some wiggle room, but even if a large number of people move from say 2.5 years to 3 years for a refresh, it's still a massive number. I'll keep an eye out. I'm doing ok, but if mega-deals become available I could be tempted. OTOH, I'm sure there is money to be made on these big day or week events. But I'm mostly happy just sitting back and not worrying about it, whether I have cell coverage or not.
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