Since84
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To infinity and beyond!
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Post by Since84 on Jan 6, 2016 3:41:21 GMT -8
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Post by macwire on Jan 6, 2016 3:56:14 GMT -8
This is really hard to watch. I'm sorry longs brighter days are ahead but maybe half a year out. Where it bottoms I don't know. Not repeating my 2012 experience. It's just knifing through all probable levels of support.
Head on a swivel.
And no buy back catalyst or dividend catalyst bullets to help so to speak.
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Post by artman1033 on Jan 6, 2016 4:30:50 GMT -8
more from WSJ:
Google said last year all of its Android Wear watches would work with both Android phones and iPhones.
Samsung’s announcement likely didn’t require the cooperation of Apple, which allows rivals to create software apps to work with its devices. If Samsung wanted to create an app—which is how other wearable makers like Fitbit Inc. makes its devices compatible with the company’s iOS software—Apple would still need to approve it. A spokeswoman for the Cupertino, Calif.-based company declined to comment.
Samsung and Apple are both rivals and partners. The two companies’ flagship smartphones compete directly with one another, and their long-running patent dispute may be headed to the U.S. Supreme Court. But Apple’s iPhones also contain many key components manufactured by Samsung, and the companies’ top executives talk frequently.
and....
An Apple spokeswoman said the company never discusses sales forecasts and referred layoff questions to its contract manufacturer Foxconn, officially known as Hon Hai Precision Industry Co. Foxconn declined to say if changes in iPhone demand were a factor in the subsidies it received from the city of Zhengzhou, home of a plant that employs at least 200,000 workers and that analysts say primarily makes the iPhone.
“The incentives were provided to Foxconn in recognition of our company’s contributions to maintaining our significant work force at our Zhengzhou facility throughout that year,” the company said in a statement.
The Zhengzhou government didn’t respond to a request for comment.
Zhengzhou’s human resources and social security department posted a notice on its website dated Dec. 25 that it would grant Foxconn 81.9 million yuan ($12.6 million) as an “unemployment-insurance work-force stabilization subsidy.”
This sum granted to Foxconn was more than half of the total funds that Zhengzhou has allotted to 135 companies under an unemployment insurance program begun last year. The government said in the notice that the program was aimed at minimizing unemployment under what Chinese leaders call the “new normal” of China’s slowing economy.
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Since84
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To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 6, 2016 4:31:43 GMT -8
Max Pain for the weak is at $106. Next week, triple witching/Leap expiration it is at $110.
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Post by firestorm on Jan 6, 2016 5:11:29 GMT -8
I see that ever-innovative Samsung is creating rose gold and platinum versions of its watch. After almost a year of watching the Apple Watch, it strikes me that the whole idea of the edition version of the watch was a bad decision, that a tech company with ever-evolving products has no business trying to insert itself into high-end fashion.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 6, 2016 5:19:15 GMT -8
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Post by nagrani on Jan 6, 2016 5:19:44 GMT -8
Apple is oversold. This pain should last till Monday at the latest IMO. I for one am buying today
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Since84
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To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 6, 2016 5:20:48 GMT -8
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Post by firestorm on Jan 6, 2016 5:24:16 GMT -8
One bad aspect of all this is that the plans to cut production in the upcoming months can kill the stock even if the Christmas season somehow proved to have record sales. We can never win.
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Post by rezonate on Jan 6, 2016 5:45:21 GMT -8
I see that ever-innovative Samsung is creating rose gold and platinum versions of its watch. After almost a year of watching the Apple Watch, it strikes me that the whole idea of the edition version of the watch was a bad decision, that a tech company with ever-evolving products has no business trying to insert itself into high-end fashion. I also couldn't understand the Edition line, compounded as news got out that hardware would not be upgradeable and that price, oh the price. A tech product had better yield massive street cred at that price, and the Apple Watch just didn't. Maybe they were trying to implode the traditional wristwatch price structure. No idea. But Apple still has some latitude to keep thinking different(ly) about their markets. They try things and pull things (iPod Socks, iPod Hifi). What is the future for the Edition? Maybe a gold link bracelet. Nothing tech about it.
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Post by firestorm on Jan 6, 2016 6:04:13 GMT -8
I see that ever-innovative Samsung is creating rose gold and platinum versions of its watch. After almost a year of watching the Apple Watch, it strikes me that the whole idea of the edition version of the watch was a bad decision, that a tech company with ever-evolving products has no business trying to insert itself into high-end fashion. I also couldn't understand the Edition line, compounded as news got out that hardware would not be upgradeable and that price, oh the price. A tech product had better yield massive street cred at that price, and the Apple Watch just didn't. Maybe they were trying to implode the traditional wristwatch price structure. No idea. But Apple still has some latitude to keep thinking different(ly) about their markets. They try things and pull things (iPod Socks, iPod Hifi). What is the future for the Edition? Maybe a gold link bracelet. Nothing tech about it. It strikes me that the edition version was something of a hobby for Jony Ive, perhaps to keep him interested in working at Apple.
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Post by artman1033 on Jan 6, 2016 6:22:10 GMT -8
Record-Breaking Holiday Season for the App Store www.apple.com/pr/library/2016/01/06Record-Breaking-Holiday-Season-for-the-App-Store.htmlWorldwide, the App Store has brought in nearly $40 billion for developers since 2008, with over one-third generated in the last year alone.Largely as a result of the App Store’s success, Apple is now responsible for creating and supporting 1.9 million jobs in the U.S. alone. Nearly three-quarters of those jobs — over 1.4 million — are attributable to the community of app creators, software engineers and entrepreneurs building apps for iOS, as well as non-IT jobs supported directly and indirectly through the app economy.* Apple has previously reported that the iOS app economy has created 1.2 million jobs in Europe and 1.4 million jobs in China.
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Since84
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To infinity and beyond!
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Post by Since84 on Jan 6, 2016 6:25:44 GMT -8
Everyone buckled up?
Today may make Mr. Toads ride seem serene...
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Post by hamourabi on Jan 6, 2016 7:23:13 GMT -8
Record-Breaking Holiday Season for the App Store www.apple.com/pr/library/2016/01/06Record-Breaking-Holiday-Season-for-the-App-Store.htmlWorldwide, the App Store has brought in nearly $40 billion for developers since 2008, with over one-third generated in the last year alone.Largely as a result of the App Store’s success, Apple is now responsible for creating and supporting 1.9 million jobs in the U.S. alone. Nearly three-quarters of those jobs — over 1.4 million — are attributable to the community of app creators, software engineers and entrepreneurs building apps for iOS, as well as non-IT jobs supported directly and indirectly through the app economy.* Apple has previously reported that the iOS app economy has created 1.2 million jobs in Europe and 1.4 million jobs in China.MarketWatch report this with App Store sales growth tanked to 40% from 50% a year ago ! "Though the App Store is growing at an impressive clip, there are signs of slowing growth. The company had said App Store billings grew 50% in 2014, but Apple's figures suggest that sales growth fell to about 40% in 2015. " www.marketwatch.com/story/apples-app-store-billings-reach-20-billion-2016-01-06
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Post by sponge on Jan 6, 2016 7:27:26 GMT -8
Looks like we had our mini flash crash in PM.
Setting up to end the day better then we started. Maybe even green.
If we can end the week above 105 I would call it a victory. Then let's add 5 more by options expiration and we will be back in business.
Regarding Foxconn. I have a friend that works for Google and travels to Foxconn at least 4 times a year. Any slowdown there may have more to do with other Android products.
The Apple Store press release is Apple's way of saying, Don't panic we are doing just fine.
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Ted
fire starter
Posts: 882
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Post by Ted on Jan 6, 2016 7:37:12 GMT -8
Looks like we had our mini flash crash in PM. Setting up to end the day better then we started. Maybe even green. If we can end the week above 105 I would call it a victory. Then let's add 5 more by options expiration and we will be back in business. Regarding Foxconn. I have a friend that works for Google and travels to Foxconn at least 4 times a year. Any slowdown there may have more to do with other Android products. The Apple Store press release is Apple's way of saying, Don't panic we are doing just fine.
This last bit I tend to agree with.
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Post by sponge on Jan 6, 2016 7:37:34 GMT -8
Record-Breaking Holiday Season for the App Store www.apple.com/pr/library/2016/01/06Record-Breaking-Holiday-Season-for-the-App-Store.htmlWorldwide, the App Store has brought in nearly $40 billion for developers since 2008, with over one-third generated in the last year alone.Largely as a result of the App Store’s success, Apple is now responsible for creating and supporting 1.9 million jobs in the U.S. alone. Nearly three-quarters of those jobs — over 1.4 million — are attributable to the community of app creators, software engineers and entrepreneurs building apps for iOS, as well as non-IT jobs supported directly and indirectly through the app economy.* Apple has previously reported that the iOS app economy has created 1.2 million jobs in Europe and 1.4 million jobs in China.MarketWatch report this with App Store sales growth tanked to 40% from 50% a year ago ! "Though the App Store is growing at an impressive clip, there are signs of slowing growth. The company had said App Store billings grew 50% in 2014, but Apple's figures suggest that sales growth fell to about 40% in 2015. " www.marketwatch.com/story/apples-app-store-billings-reach-20-billion-2016-01-06If we were so lucky to see a connection between App Store sales and iPhone sales. Even if we changed from a 20% drop in growth to a 40% drop in growth, we would get 94 million iPhones.
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Post by chasmac on Jan 6, 2016 7:47:38 GMT -8
It strikes me that the edition version was something of a hobby for Jony Ive, perhaps to keep him interested in working at Apple. Don't forget Phoebear's pal Angela!
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Post by artman1033 on Jan 6, 2016 7:52:34 GMT -8
Looks like we had our mini flash crash in PM. Setting up to end the day better then we started. Maybe even green. If we can end the week above 105 I would call it a victory. Then let's add 5 more by options expiration and we will be back in business. Regarding Foxconn. I have a friend that works for Google and travels to Foxconn at least 4 times a year. Any slowdown there may have more to do with other Android products. The Apple Store press release is Apple's way of saying, Don't panic we are doing just fine.
This last bit I tend to agree with. That press release comes out every year at this time. www.apple.com/pr/library/2015/01/08App-Store-Rings-in-2015-with-New-Records.html
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Post by sponge on Jan 6, 2016 7:55:29 GMT -8
In my view the original Apple Watch can last 10 years. Apple indicated that the battery can be upgraded. Unless you want more features, different design, faster and longer battery life, one can live with the present Apple Watch for a long time. I think it is a different product compared to the iPhone, iPad, or Mac. More like an iPod. I can still use the original iPod with no problem.
Those buying the edition have the money to upgrade every year, so I think the luxury branding is alive and well for the Apple Watch.
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Ted
fire starter
Posts: 882
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Post by Ted on Jan 6, 2016 8:05:34 GMT -8
Horace tweeted this earlier.
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Since84
Moderator
To infinity and beyond!
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Post by Since84 on Jan 6, 2016 8:12:00 GMT -8
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Post by sponge on Jan 6, 2016 8:18:41 GMT -8
This note came out Monday morning. Wonder why it became public two days later. Maybe to ensure a nice sell off. All these downgrades are like we are in an echo chamber. Everyone keeps repeating themselves and follows the Hurd. When we hit 140-150 they will jump on the opposite bandwagon of upgrading their targets and only positive things to say about the future.
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Since84
Moderator
To infinity and beyond!
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Post by Since84 on Jan 6, 2016 8:36:19 GMT -8
Relative to pre-market, Apple doesn't look so bad...
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Post by sponge on Jan 6, 2016 8:52:50 GMT -8
Relative to pre-market, Apple doesn't look so bad... And the day is young.
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Post by mrentropy on Jan 6, 2016 8:56:22 GMT -8
Good. Downgrades typically come near a bottom. Upgrades near a top. See, analysts are useful!
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Post by tuffett on Jan 6, 2016 9:10:26 GMT -8
So much for that rotation out of FANG stocks...
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Post by sponge on Jan 6, 2016 9:11:12 GMT -8
RSI has been this low 8 prior time in the last 5 years. 6 of them were during the 2012-2013 corrections. We have rebounded 20-70% in subsequent months.
I think the WF downgrade will keep us negative today, but we are in the 5th day of selling so close to bottom.
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Post by dreamRaj on Jan 6, 2016 9:27:36 GMT -8
Come to think of it, we are where we were in 2012. It's like the iphones 5, 5S, 6 and 6S never happened!
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Post by archibaldtuttle on Jan 6, 2016 9:51:06 GMT -8
We are even lower than we were then on a market cap basis. The whole company of Apple is worth significantly less than at the heights of 2012. The share price looks slightly higher because there are fewer shares outstanding.
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