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Post by phoebear611 on Feb 10, 2015 16:19:50 GMT -8
Actually phoebear, I think them GS conferences have always been enthusiastically attended, even when it was just Oppenheimer. Yes they have but the reporters said that it was over the top in attendance for his particular speech this year...people were piling in.
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Post by phoebear611 on Feb 10, 2015 16:23:43 GMT -8
Hey I know it was mentioned here in the past. When is the investor meeting?
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firestorm
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Post by firestorm on Feb 10, 2015 16:29:48 GMT -8
Maybe I need more conviction in my life but as far as AAPL, as long as it brings the results, I don't care too much about "extracurriculars" like giant solar farms like the one they just mentioned in Monterey, California That social responsibility bullshit really was insufferable. Especially the part where the Goldman Sachs interviewer actually said, with a straight face, that social responsibility is as important or even more important than the fundamental performance of Apple! Obviously, that is false, and any client of GS should seriously reconsider his investment advisor for saying such a ridiculous and clearly disingenuous statement. Do you really think a single person in that room believes that bullshit? Even if you libs do believe it, do you really think Goldman Fucking Sachs believes it? This is why people hate lying banker scumbags. Oh well, Tim talks a good game, and sometimes I don't think he really believes his own bullshit. I view this social responsibility nonsense like I do paying off the federales in Mexico; extortion is just the cost of doing business to shut up Greenpeace, Jessie Jackson, and other shakedown artists. Hopefully for Apple stockholders in 2050, those solar panels will pay themselves off. Otherwise, a good talk, but not terribly revelatory. With Tim you need to read between the lines because he is so disciplined. As mentioned supra, Pay growth exceeding his expectations might be true, but more likely, it exceeded his worst case scenario, like with earnings guidance ranges. The way Tim stays on point is incredible. Honestly, I couldn't be a representative for a publicly traded company, because I just can't do talking points like that without feeling like a bullshit artist. I just want to speak the truth, and sometimes you just can't and have to go with the approved company line. Especially not with a company that faces the scrutiny of Apple! Steve could get away with more candor, of course, but there was only one Steve. Note how Tim hit on R&D and acquisition and supply chain opex first when talking about Apple's use of money. Was that really what investors wanted to hear, or what Wall Street analyst dickheads wanted to hear? But, can't give any hint that Apple's primary use of its huge money hoard is financial engineering! Wall Street needs to be patted on their little heads and be told what they want to hear, that they know better what Apple needs to do with its money than Tim does. I did think Tim was about to tip his hand about the dividend increase in April, but that was a tease. Flaming Birds is a great app; you should download it! Perhaps you could sponsor a shareholders' vote to build a Keystone FU Pipeline direct from the Athabasca tar sands to Cupertino to power the Apple Spaceship for liftoff.
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Post by jmolloy on Feb 10, 2015 16:43:30 GMT -8
Cute story... "As his body weakened from a muscle disease, Ethan Och knew the time had come. He told his music teacher he'd have to give up his favorite school activity. "I was lagging behind," says Ethan. "And they were going ahead and there was no way for me to catch up with them." His teacher, Gina Christopherson, remembers the day Ethan broke the news. "He said I really hate to do this, but I have to quit band." If Ethan expected to ride his wheelchair into the band sunset, he picked the wrong director. "I don't believe in 'I can't,'" says Mrs. Christopherson." www.usatoday.com/story/news/2015/02/09/inspiration-nation-teen-plays-drums-with-ipad/23136333/
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Post by phoebear611 on Feb 10, 2015 17:02:44 GMT -8
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Post by artman1033 on Feb 10, 2015 17:36:46 GMT -8
the money quote: Corrections & Amplifications Apple CEO Tim Cook said fewer than 15% of owners of older iPhones have upgraded to the iPhone 6 and 6 Plus since their release in September. He also said the majority of new iPhone purchasers who previously owned other smartphones were changing from phones running Google’s Android operating system. An earlier version of this article incorrectly quoted Mr. Cook as saying fewer than 15% of recent buyers were upgrading from older iPhones and that the majority of buyers were people who switched from Android. (Jan. 29, 2015) From the WSJ article quoted by Jean-Loius www.wsj.com/articles/can-apple-keep-up-its-growth-spurt-1422493028
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Post by Deleted on Feb 10, 2015 17:58:16 GMT -8
Hey I know it was mentioned here in the past. When is the investor meeting? March 10 at 9 PST. I'd like to make it if there's a reasonable chance of getting in. Big call wall in a week at $120, but more days like today are putting dents in it. I'm still trimming (one should do that with eleven braggers). Congrats to AAPL longs!!!! Yeahhhhhhhhhhh.
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Deleted
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Post by Deleted on Feb 10, 2015 18:02:40 GMT -8
Apple CEO Tim Cook said fewer than 15% of owners of older iPhones have upgraded to the iPhone 6 and 6 Plus since their release in September. This is an astonishing statistic. With a little Apple marketing, iPhone customers can upgrade for a song, selling their used, off contract gear to fund a new iPhone.
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Post by artman1033 on Feb 10, 2015 18:25:52 GMT -8
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Mav
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Post by Mav on Feb 10, 2015 18:30:54 GMT -8
You are indeed an astonishing bragger, Mercel. Well good for you. Yeah JLG's posts are generally at least OK, but when will people quit with that STUPID "Law of Large Numbers" that doesn't exist in the business context. More like Law of Myopia. Or, as I should trademark, Business Physics™.
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JDSoCal
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Post by JDSoCal on Feb 10, 2015 19:06:56 GMT -8
I hate to be a buzzkill, but since Mercel already killed the buzz, yeah, next week's 120's are in the back of my mind. They did drop from 162-47 to 153-49 today. We need escape velocity, like 125+ to make them all close up early. Happy ATH day otherwise.
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Post by Deleted on Feb 10, 2015 20:35:22 GMT -8
If Apple has an event this month and the media keeps the pro-Apple sentiment going, even the monthlies are vulnerable. I'm confident in Apple, but after losing my shirt post Sept. '12, I don't trust WS will ever value this Company like it does other, less deserving companies. Options may be part of the explanation.
WS may well run AAPL into the stratosphere. Do you really think it's "different" this time? Not sure.
Or maybe it's just me, once bitten, twice shy.
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Mav
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Post by Mav on Feb 10, 2015 20:39:31 GMT -8
Technicals suggest sustained momentum, maybe. Depends who you ask. Maybe it's better you don't ask me.
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Post by chasmac on Feb 10, 2015 20:45:59 GMT -8
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Post by Deleted on Feb 10, 2015 20:50:08 GMT -8
No, Tim is referring to a traditional timepiece. Sorry Tuna man. Edit: Is there video of this? The key sentence that makes me believe Tim is mocking a regular watch is this: [crowd laughter] My wife gave it to me, so it stays on my wrist. If Tim wasn't sure how cool looking the Watch was, why did he contradict himself with "The look of this is fantastic." Was Tim wearing both a regular watch AND Watch? The sentence in context: I've been using one, and I'm actually wearing one now — but I wear it all the time, actually. And I think one of the biggest surprises people are going to have when they start using it is the breadth of what it will do.
And so, obviously it's a precision time piece. And just like you're wearing a watch and you probably think it looks really cool — I'm not sure I do, but...
[crowd laughter] My wife gave it to me, so it stays on my wrist.
The look of this is fantastic. And of course there's lots of different ones. And so you may look at this and you might want a different color band, or a different type of band, or you may want an 18 karat gold one, or whatever you may want — the variety is incredible, the customizable nature of it is incredible.
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Post by chasmac on Feb 10, 2015 21:07:32 GMT -8
You're right, misread it. No idea then...
I always find it interesting the way they promise stores in China but never came close those numbers/timeframe. Not sure why that was, sounds like it's getting fixed.
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Deleted
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Post by Deleted on Feb 10, 2015 22:01:29 GMT -8
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Post by rob_london on Feb 11, 2015 0:26:34 GMT -8
Report in Digitimes this Wednesday morning that iPhone 6 shipments remain strong.
Foxconn Electronics has reported consolidated revenues of NT$396.01 billion (US$12.49 billion) for January, dropping 23.29% on month but growing 25.9% on year. The January figures were the company's highest level for the month.
Shipments of consumer electronics products, communications devices and PC products remained brisk in January, Foxconn said. However, industry sources attributed the annual sales growth to strong shipments of iPhone 6 devices.
The buying momentum for iPhone 6 devices is expected to continue to the end of March, and total shipments of the iPhone 6 and iPhone 6 Plus are expected to top 60 million units in the first quarter of 2015, the sources estimated.
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Mav
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Post by Mav on Feb 11, 2015 1:52:51 GMT -8
You're right, misread it. No idea then... I always find it interesting the way they promise stores in China but never came close those numbers/timeframe. Not sure why that was, sounds like it's getting fixed. They didn't have an actual SVP of Retail (since Browett) (that they liked) until recently, Chas.
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Mav
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Post by Mav on Feb 11, 2015 1:53:31 GMT -8
Report in Digitimes this Wednesday morning that iPhone 6 shipments remain strong. Water remains wet.
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Post by chasmac on Feb 11, 2015 3:19:14 GMT -8
You're right, misread it. No idea then... I always find it interesting the way they promise stores in China but never came close those numbers/timeframe. Not sure why that was, sounds like it's getting fixed. They didn't have an actual SVP of Retail (since Browett) (that they liked) until recently, Chas. Had to be more than that. This went on for a long time. I always thought it had to with Chinese bureaucracy. Just reading about the 4 new stores in gigantic population centers makes me all tingly
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Post by rickag on Feb 11, 2015 4:36:07 GMT -8
the money quote: Corrections & Amplifications Apple CEO Tim Cook said fewer than 15% of owners of older iPhones have upgraded to the iPhone 6 and 6 Plus since their release in September. He also said the majority of new iPhone purchasers who previously owned other smartphones were changing from phones running Google’s Android operating system. An earlier version of this article incorrectly quoted Mr. Cook as saying fewer than 15% of recent buyers were upgrading from older iPhones and that the majority of buyers were people who switched from Android. (Jan. 29, 2015) From the WSJ article quoted by Jean-Loius www.wsj.com/articles/can-apple-keep-up-its-growth-spurt-1422493028I can hear the FUD now, when will Blodget write the article saying "Apple fans turn their backs on larger iPhone, only 15% of iPhone owners upgraded to these larger phones."
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