Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 19, 2015 2:28:41 GMT -8
Good morning everyone. Markets are mixed because 1) China beat forecasts, 2) China's GDP cooled, or 3) China's numbers are not believed. Feels like Bob Barker's presiding over world markets. Meanwhile the US is RED because... well, it's the guy on the CNBC weekend overnight shift writing headlines... Why worry about consistency... and AAPL is slightly GREEN this morning, trading at $111.07 +0.03 (0.03%). Perhaps about to retake its leadership role. In the news: Reuters has Apple's auto ambitions sideswipe electric motorcycle startup. Another Big Bad Apple story... so horrible for Apple to offer engineers gainful employment when the startup they worked for was running out of funds... Not much else. The FUDster's aren't awake yet. Have a great day. Let's make money.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 19, 2015 4:41:43 GMT -8
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Post by tuffett on Oct 19, 2015 4:53:47 GMT -8
Aaaarrrggghh!!! From that Tech Crunch article: "The European Central Bank Credit caps debit and credit card interchange fees — payments made by card issuers to card networks for facilitating electronic purchases — at roughly 0.5 percent. When you consider that Apple Pay charges 0.15 percent of each transaction, it’s clear why there are concerns among the traditional parties as to whether they will get their fill." I can't believe this stupidity is getting repeated. One suspects that the author believes .15% to be three times .5%, rather than 3/10ths. I'll save you all the rest of my Old Guy's Rant about how the internet has destroyed the quality of writing (and often, arithmetic) by those who get paid to do it. But to me this is just a classic example of the tech press bending facts to fit their preconceived conclusions. I don't think so. The author is aware of the math. The point is giving 30% of their cut to Apple Pay is a ridiculously high fee. I wouldn't accept those terms either. I believe fees in North America are in the range of 2-3% which makes Apple's 0.15% cut much more palatable. It's a negotiation. Apple isn't entitled to whatever cut they want as long as it's below 100%. The other guys want to keep making money too.
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Post by nathanstevens on Oct 19, 2015 6:45:01 GMT -8
China Mobile should report September subscriber numbers around 5pm HKT on Tuesday on the 20th (5am Eastern time) tomorrow.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on Oct 19, 2015 6:54:44 GMT -8
Aaaarrrggghh!!! From that Tech Crunch article: "The European Central Bank Credit caps debit and credit card interchange fees — payments made by card issuers to card networks for facilitating electronic purchases — at roughly 0.5 percent. When you consider that Apple Pay charges 0.15 percent of each transaction, it’s clear why there are concerns among the traditional parties as to whether they will get their fill." I can't believe this stupidity is getting repeated. One suspects that the author believes .15% to be three times .5%, rather than 3/10ths. I'll save you all the rest of my Old Guy's Rant about how the internet has destroyed the quality of writing (and often, arithmetic) by those who get paid to do it. But to me this is just a classic example of the tech press bending facts to fit their preconceived conclusions. I don't think so. The author is aware of the math. The point is giving 30% of their cut to Apple Pay is a ridiculously high fee. I wouldn't accept those terms either. I believe fees in North America are in the range of 2-3% which makes Apple's 0.15% cut much more palatable. It's a negotiation. Apple isn't entitled to whatever cut they want as long as it's below 100%. The other guys want to keep making money too. Thank you! None of the articles that quoted these figures made that clear, at least not to this muttonhead. Would you happen to know the rates charged in Europe by other companies in Apple's position in the value chain?
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 19, 2015 11:03:38 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 19, 2015 11:07:04 GMT -8
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Post by electrobuzz on Oct 19, 2015 11:24:44 GMT -8
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Post by Red Shirted Ensign on Oct 19, 2015 12:33:05 GMT -8
Nice close, running into the high of the day. Where is that 50 day SMA?
In edit: 112.27 it appears.
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Post by Luckychoices on Oct 19, 2015 13:49:27 GMT -8
Even though many on the board have stated that Tim Cook doesn't care about the price of Apple stock, isn't extending the RSU grant program to all employees an indication that Tim and the BOD care more than just a little? Being awarded company stock is a good thing, but even better if the value of that stock appreciates substantially over the years. Having RSU grants that decrease in value over time would not likely be considered motivation for an employee, in fact, quite the opposite. I'm not thinking of anything that the company might do to get the stock moving again but I have to believe they're discussing it.
Certainly employees who've purchased AAPL through the Employee Stock Purchase Plan must be as discouraged as some on this board. They've invested their own money in company stock and that investment is not paying off for them. What's worse, seeing the stock be battered as it has been may make them start to have doubts about the company for which they work. This would not be a good thing.
Disclaimer: I'm not trying to be a downer and I'm still confident AAPL will be getting out of this funk. I'm posting this only about Apple employees, not about those of us on the board who've seen this many times before.
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Post by Red Shirted Ensign on Oct 19, 2015 14:57:57 GMT -8
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Post by mace on Oct 19, 2015 16:35:03 GMT -8
... Certainly employees who've purchased AAPL through the Employee Stock Purchase Plan must be as discouraged as some on this board. They've invested their own money in company stock and that investment is not paying off for them... Don't think any employees lose money on ESPP. I think recent RSUs of $1000-$2000 is performance based, and targeted at rank-and-file especially retail guys. Otherwise, it would be simpler to just increase % of ESPP allowable.
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Post by artman1033 on Oct 19, 2015 17:35:27 GMT -8
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Post by Luckychoices on Oct 19, 2015 18:56:09 GMT -8
... Certainly employees who've purchased AAPL through the Employee Stock Purchase Plan must be as discouraged as some on this board. They've invested their own money in company stock and that investment is not paying off for them... Don't think any employees lose money on ESPP. I think recent RSUs of $1000-$2000 is performance based, and targeted at rank-and-file especially retail guys. Otherwise, it would be simpler to just increase % of ESPP allowable. No, mace_I'm sure they don't LOSE money on ESPP. But even if the value of their shares stays the same over a period of time, it's not likely to make the employee feel that their investment is paying off for them. My point was, I'm confident that Apple management wants the stock out of the doldrums almost as much as we do.
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Post by sponge on Oct 19, 2015 20:14:19 GMT -8
Very interesting info from this interview. Cars and watches show tremendous opportunity for Apple.
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Post by Red Shirted Ensign on Oct 19, 2015 20:17:07 GMT -8
October 26 is the preorder date for the new Apple TV
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Post by sponge on Oct 19, 2015 21:04:44 GMT -8
October 26 is the preorder date for the new Apple TV I will be ordering one.
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Post by payrolldude on Oct 19, 2015 22:33:13 GMT -8
Me too.
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