aapl
fire starter
Posts: 180
Member is Online
|
Post by aapl on Sept 7, 2023 2:20:15 GMT -8
Ugh...looks like another red day in the making. Premarkets showing $178.13 -$4.78 (-2.61%)
|
|
|
Post by socal Film Composer on Sept 7, 2023 5:17:38 GMT -8
This is an overreaction and a buying opportunity IMO - I'm musing taking some of my NVDA profits and rebalancing over to some APPL Leaps.....
|
|
|
Post by aaplcrazie on Sept 7, 2023 5:33:42 GMT -8
Bloody Hell
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,103
|
Post by Dave on Sept 7, 2023 5:55:46 GMT -8
|
|
|
Post by Lstream on Sept 7, 2023 6:12:47 GMT -8
So Dave, Apple is also under attack from Europe too. They are even talking about forced breakup. So should Tim stop doing business there too?
Is Tim supposed to run and hide whenever governments around the world do stupid things? Just give up? Is your solution in China an exit from the market? Giving all the cheap-ass Android suppliers a free pass, and an easy win?
|
|
4aapl
Moderator
Posts: 3,634
|
Post by 4aapl on Sept 7, 2023 6:14:38 GMT -8
That was a crazy down print at the opening, putting things back to May prices. It seems probable to me that this is a double whammy of China trying to show it still has capabilities, with the Huawei phone and then added attention by banning iPhones in the government. 7nm is good, but not near the 3nm TSM is coming out with, so it seems there has to be a huge speed differential there. OTOH a successful shared goal of nationalism could still push things for the masses. I don't know about putting all of the trusting on Tim. While the CEO is important and sets the course, the top management are important, but the whole team is what makes up Apple. And that ties in with corporate culture to make great things that make doing great things easy. With that set, even if Apple products didn't currently have a performance edge (it's varied back and forth over the past 30 years), they'd have a good case of stickiness. And in the long term keeping and growing the base is one of the top things, that then dovetails with selling things consistently at a profit. And getting those things to be used consistently ties them in to our life, making an iPhone the easiest $20-$50/month choice you can make.
|
|
4aapl
Moderator
Posts: 3,634
|
Post by 4aapl on Sept 7, 2023 6:21:22 GMT -8
Apple is also under attack from Europe too. They are even talking about forced breakup. There are times that I wonder about Apple splitting up, just from the standpoint of maximizing the valuation. But then I think about what could be broken off, of what parts need the least integration with others. And really that comes down to just the media ones, music and tv/movies. A car might fit there too, and if it got valuation like Tesla (once it got going, though the hype would get it halfway there) that could be huge. But the Mac and iOS side, along with the app store, should stay together. It is hard to think of a good way to split things up. There is pretty good integration in most places.
|
|
|
Post by Lstream on Sept 7, 2023 6:25:22 GMT -8
Apple is also under attack from Europe too. They are even talking about forced breakup. There are times that I wonder about Apple splitting up, just from the standpoint of maximizing the valuation. But then I think about what could be broken off, of what parts need the least integration with others. And really that comes down to just the media ones, music and tv/movies. A car might fit there too, and if it got valuation like Tesla (once it got going, though the hype would get it halfway there) that could be huge. But the Mac and iOS side, along with the app store, should stay together. It is hard to think of a good way to split things up. There is pretty good integration in most places. Well if there is a case to be broken-up it should come from within, not from dumb-ass politicians and bureaucrats, who try to justify their existence with the nonsense we are currently seeing out of Europe.
|
|
4aapl
Moderator
Posts: 3,634
|
Post by 4aapl on Sept 7, 2023 7:02:40 GMT -8
Well if there is a case to be broken-up it should come from within, not from dumb-ass politicians and bureaucrats, who try to justify their existence with the nonsense we are currently seeing out of Europe. Yes! But then again, if breaking up is only done for valuation, it's probably the wrong thing to do. I think one could make the case on the media sides that Apple music and Apple TV+ could have broader appeal across all users no matter the platform if they weren't tied to Apple. And that would be even more the case if Apple added to it by buying a large media and streaming company that also has some amusement parks. There is a little synergistic overlap there, including making flashy video presentations. And maybe a bit with codecs (or whatever they are called these days) and more of a push to optimize on both ends. But if some place were to separate, this would be it. OTOH, almost 30 years ago I was hoping Office was going to be split off from MS, and wrote that when the government wanted comments on the Microsoft Monopoly. A lot of these big companies have the ability to do bad things. The problem is when they are penalized for the ability to do these things, rather than actually doing them. FB, Google, and Apple all have enough of a scope that they could do bad things. But some have done these things consistently, others sometimes, and it seems Apple has nearly always done the right thing. Part of that is opinion, and that will vary if you feel strongly over something Apple has done. Personally I think Apple was mostly right in the old iPhone battery thing, and really just needed to be more upfront about it. But at the time I had a 5S with an older battery that started shutting down even in "cold" temps of 50 degrees F. Nice to see AAPL a little up off the floor. It doesn't seem like one of these big down days where it ekks into the green by the end of the day, but it seldom does. Things will turn around at some point.
|
|
|
Post by Lstream on Sept 7, 2023 8:21:47 GMT -8
Some quotes from Barrons today on the China situation.
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
|
Post by chinacat on Sept 7, 2023 8:34:22 GMT -8
I’ve been seeing a lot of articles about passkeys lately. The concept certainly sounds promising, so I would welcome feedback from any AFBers who have made the leap. In some ways, I have been astounded that it took this long to find a better replacement for passwords, although Touch ID is pretty good.
Thanks in advance for your thoughts.
|
|
|
Post by duckpins on Sept 7, 2023 10:46:00 GMT -8
" although Touch ID is pretty good" Is that still in existence? Face ID works for me except at night. Could never get touch ID to work. 10 fingers. Too many choices for my small brain.
I thought I posted earlier but don't see it? Anyway huge gap down. This is good as it leads to gap fill eventually. For now we have an Island top which can be a downer Technical signal. But often isn't. Interesting battle between an Apple long on CNBC and a short from SF who like google and FB-not Microsoft or apple. I'd have to say I feel the opposite. This guy like intel as well. The long said he would add shares on any weakness.
The case for shorting apple was the PE and no growth. Another guy mentioned there is usually a sell off after the iPhone event-if looking for a buying time. The 2026 Leaps should be out then as well.
How much money are those new soccer subscriptions bringing? Disney is still floating above 80 but for how long? Their coverage of US Open tennis was awful. Too much marching band and pillow fighting. They have a plethora of channels, a live streaming station or web site-several actually- and yet covered very few matches. Mostly Americans. No Martina N. and no McEnroe on the coverage.
If Disney doesn't do anything besides remakes of old movies, it may slide further. Strange company. I wonder how the Pixar part of it is doing?
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,103
|
Post by Dave on Sept 7, 2023 12:30:51 GMT -8
So Dave, Apple is also under attack from Europe too. They are even talking about forced breakup. So should Tim stop doing business there too? Is Tim supposed to run and hide whenever governments around the world do stupid things? Just give up? Is your solution in China an exit from the market? Giving all the cheap-ass Android suppliers a free pass, and an easy win? Maybe you didn't notice, but I did not write that story, someone else did. The question of the day is why was Apple and a large part of the market crashing? That was the answer. Maybe by this time next week Mr. Market won't care what Chairman Xi dictates, but Apples next quarterly report will likely not be unpleasant.
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
|
Post by chinacat on Sept 7, 2023 12:43:51 GMT -8
" although Touch ID is pretty good" Is that still in existence? Face ID works for me except at night. Could never get touch ID to work. 10 fingers. Too many choices for my small brain.” Why would you use more than one finger? Presumably, you feel that no one is likely to make a usable copy of your face; perhaps you are correct, but I feel the same about my fingerprints, and so far so good. But, as always, to each his own.
|
|
|
Post by Lstream on Sept 7, 2023 12:44:05 GMT -8
I was obviously commenting on your Tim Cook snark. Since you disapprove, what would you have him do?
|
|
|
Post by zebrum on Sept 7, 2023 13:44:59 GMT -8
Days like this are why Sept is the worst month for stocks! The stop losses are probably tightened causing what would normally be a 1% dip into a 5% crash.
|
|
aapl
fire starter
Posts: 180
Member is Online
|
Post by aapl on Sept 7, 2023 14:05:25 GMT -8
Neil Cybart at Above Avalon is questioning the China government banning iPhones stories real hard in the email he sent out to subscribers this afternoon.
|
|
|
Post by aaplcrazie on Sept 7, 2023 14:09:52 GMT -8
P SA: Make Sure to Update, iOS 16.6.1 and macOS 13.5.2 Address Actively Exploited Vulnerability
macOS 13.5.2, iOS 16.6.1, iPadOS 16.6.1, and watchOS 9.6.2 updates that Apple released today includes fixes for security vulnerabilities that Apple says may have been actively exploited in the wild. According to Apple's security support page, in iOS, iPadOS, and macOS, processing a maliciously crafted image could lead to arbitrary code execution, allowing a hacker to gain access to the operating system with a simple picture. Apple fixed the ImageIO process by addressing a buffer overflow issue to improve memory handling. In iOS, iPadOS, and watchOS, a maliciously crafted attachment in the Wallet app could also lead to arbitrary code execution. Apple addressed the validation issue with improved logic.
|
|
4aapl
Moderator
Posts: 3,634
|
Post by 4aapl on Sept 7, 2023 16:15:52 GMT -8
" although Touch ID is pretty good" Is that still in existence? Face ID works for me except at night. Could never get touch ID to work. 10 fingers. Too many choices for my small brain.” Why would you use more than one finger? Presumably, you feel that no one is likely to make a usable copy of your face; perhaps you are correct, but I feel the same about my fingerprints, and so far so good. But, as always, to each his own. For me fingerprints worked pretty well, though it wouldn't if my finger was wet (just washed hands), or if it was really cold (skiing when really cold so that the humidity was really low, even when taking glove off). OTOH, Face ID doesn't like ski goggles. Lately it doesn't get me when I have the iPhone sideways or am not looking at it, but it then logs in when I correct that. It seems the solution to these edge cases is to get an Apple Watch. We haven't done that yet, but maybe this year.
|
|
ono
Member
compensation
Posts: 537
|
Post by ono on Sept 7, 2023 19:15:37 GMT -8
Seen 1st at ped30.com. Recommend reading: Rueters article. Overreaction. www.reuters.com/technology/china-moves-widen-state-employee-iphone-curbs-sources-2023-09-07/Citi analysts noted that the news had also weighed on the shares of Apple suppliers and said the market may have "have overreacted to the news flow amidst weak confidence overall," citing how shares in suppliers of U.S. automaker Tesla (TSLA.O) tumbled but quickly recovered after reports of China restricting its cars from entering military complexes in 2021.
|
|
ono
Member
compensation
Posts: 537
|
Post by ono on Sept 7, 2023 19:19:30 GMT -8
|
|
ono
Member
compensation
Posts: 537
|
Post by ono on Sept 7, 2023 19:38:25 GMT -8
Neil Cybart at Above Avalon is questioning the China government banning iPhones stories real hard in the email he sent out to subscribers this afternoon. Thanks. Yes, he is hitting hard, very hard, on the discrepancies of the reporting
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,103
|
Post by Dave on Sept 8, 2023 2:18:42 GMT -8
I was obviously commenting on your Tim Cook snark. Since you disapprove, what would you have him do? My Tim Cook snark was aimed more at those that believe that Tim Cook walks on water and is incapable of making wrong decisions. This belief can be dangerous. Just because someone is correct in many things does not make them correct in everything. Tim Cook’s leadership has been great in so many ways, but Apples continuing dependence on China is frightening. Especially with someone like China’s current leadership in charge. This danger is not going away and Mr. Market knows it.
|
|
|
Post by Lstream on Sept 8, 2023 5:54:42 GMT -8
I was obviously commenting on your Tim Cook snark. Since you disapprove, what would you have him do? My Tim Cook snark was aimed more at those that believe that Tim Cook walks on water and is incapable of making wrong decisions. This belief can be dangerous. Just because someone is correct in many things does not make them correct in everything. Tim Cook’s leadership has been great in so many ways, but Apples continuing dependence on China is frightening. Especially with someone like China’s current leadership in charge. This danger is not going away and Mr. Market knows it. You are still dodging the real question. This story is about damage to iPhone sales volumes. Which are extremely significant. What do you think he should actually do about this threat to sales volume? Not be in that market at all? Is selling product in China your definition of a “wrong decision?”
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
|
Post by chinacat on Sept 8, 2023 6:10:05 GMT -8
I was obviously commenting on your Tim Cook snark. Since you disapprove, what would you have him do? My Tim Cook snark was aimed more at those that believe that Tim Cook walks on water and is incapable of making wrong decisions. This belief can be dangerous. Just because someone is correct in many things does not make them correct in everything. Tim Cook’s leadership has been great in so many ways, but Apples continuing dependence on China is frightening. Especially with someone like China’s current leadership in charge. This danger is not going away and Mr. Market knows it. Perhaps you have missed the “full speed ahead” program to mitigate the China risk by increasing investment and production in India.
|
|
|
Post by Lstream on Sept 8, 2023 6:47:51 GMT -8
What you are saying is impossible. TouchID only allows 5 fingers to be scanned.
|
|
4aapl
Moderator
Posts: 3,634
|
Post by 4aapl on Sept 8, 2023 6:58:39 GMT -8
What you are saying is impossible. TouchID only allows 5 fingers to be scanned. I read it as he'd forget which finger was set up for TouchID. I always did the same one, but then saw my wife was using a different finger on hers. Which isn't a problem as long as you remember which one...it's just different. Some people have problems with touch ID, some people have problems with FaceID. I've had occasional problems with both, but knowing when they fail for me (very cold dry conditions or wet hands, and wearing ski goggles though sunglasses work most of the time) helps. It sounds like the solution is to wear an Apple watch so it keeps me logged in.
|
|
|
Post by duckpins on Sept 8, 2023 9:20:18 GMT -8
The point is I can't remember which finger I used.
|
|
coma
Member
Posts: 522
|
Post by coma on Sept 8, 2023 10:24:27 GMT -8
The point is I can't remember which finger I used. The middle finger is universally understood around the world . . . 😁
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,103
|
Post by Dave on Sept 8, 2023 10:50:33 GMT -8
My Tim Cook snark was aimed more at those that believe that Tim Cook walks on water and is incapable of making wrong decisions. This belief can be dangerous. Just because someone is correct in many things does not make them correct in everything. Tim Cook’s leadership has been great in so many ways, but Apples continuing dependence on China is frightening. Especially with someone like China’s current leadership in charge. This danger is not going away and Mr. Market knows it. You are still dodging the real question. This story is about damage to iPhone sales volumes. Which are extremely significant. What do you think he should actually do about this threat to sales volume? Not be in that market at all? Is selling product in China your definition of a “wrong decision?” When Chairman Xi came to power, China started to change. The open for business policy that was in place before Xi started to get twisted into more of the classic communist paranoid power grab. As it started to become more and more obvious that country was being taken into a state of one man rule and Cook should have started to minimize the companies manufacturing exposure and dependance to this dictators newest and unexpected whim. But instead he continued to invest even more in this power keg of a nation. So what do you think will happen to Apples production of iPhones if China decides to move on Taiwan? It isn't the loss of iPhone sales in China that is the problem. It's that the country is being controlled by someone that can make the type of decisions such as banning a brand of cell phone. So now, do you approve with everything that Tim Cook has done with relation to China, or would you have done something different? After all, if I remember correctly, you also have some manufacturing exposure to China.
|
|