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Post by rickag on Oct 3, 2016 6:06:34 GMT -8
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Post by nagrani on Oct 3, 2016 8:33:03 GMT -8
Big bull flag continues in apple. Patience is a virtue. If we get a breakout to 120 - we should test the highs. Market is sleeping at the wheel on apple. Holding my leap positions
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Post by tuffett on Oct 3, 2016 9:04:56 GMT -8
Big bull flag continues in apple. Patience is a virtue. If we get a breakout to 120 - we should test the highs. Market is sleeping at the wheel on apple. Holding my leap positions I'm with you here. iPhone demand seems strong, and I think the Watch is going to be a sleeper hit. My local store says it's selling like crazy and stock is gone as soon as they get it. Shipments are stuck at 3-5 weeks. Add Airpods and new Beats to the mix and I think we get huge growth in the Other category. If new Macs come this month, that and the extra week should easily provide $80B+ guidance.
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Post by carbonate24 on Oct 3, 2016 10:00:52 GMT -8
Even though I shouldn't be, I'm a bit surprised with the price action today. Sure the market is down overall, but we actually had a positive note from Pacific Crest (found on CNBC pro - I don't have an account so I couldn't read the whole article) on 'very healthy' iphone demand, Kevin O'Leary (who was down on Apple recently, also on CNBC) is back in and had more positive words about Apple and their services business. I guess guys like Andy Hargreaves can only move the stock downward when they have something to say. Edit - Added link: O'Leary's Change of HeartHe doesn't say anything this board doesn't already know, but it's interesting to see him positive on AAPL after hearing his bear case for a while.
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Post by phoebear611 on Oct 3, 2016 10:08:56 GMT -8
PED has a note out this morning: Supplies of the smaller phone are catching up to demand. The larger, not so much. He also quotes Munster as well: Munster: Apple can't make the iPhone 7+ fast enough
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Post by phoebear611 on Oct 3, 2016 10:10:34 GMT -8
Big bull flag continues in apple. Patience is a virtue. If we get a breakout to 120 - we should test the highs. Market is sleeping at the wheel on apple. Holding my leap positions you have rough on timing on this like week or month?
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Post by mrentropy on Oct 3, 2016 11:11:22 GMT -8
Stock seems to be getting hit over Foxconn's earnings report. They reported a decline of 24% in revenue and 52% in profit. This seems to be making people worry about iPhone demand.
Somebody is wrong, is it too much demand or weak supply? Place your bets.
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Post by tuffett on Oct 3, 2016 11:22:24 GMT -8
Stock seems to be getting hit over Foxconn's earnings report. They reported a decline of 24% in revenue and 52% in profit. This seems to be making people worry about iPhone demand. Somebody is wrong, is it too much demand or weak supply? Place your bets. That would be for the quarter just completed - not significant in my opinion as I'm sure Apple will at least meet their own guidance.
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Post by nagrani on Oct 3, 2016 11:59:45 GMT -8
Big bull flag continues in apple. Patience is a virtue. If we get a breakout to 120 - we should test the highs. Market is sleeping at the wheel on apple. Holding my leap positions you have rough on timing on this like week or month? Could be a run up before earnings or right after earnings. My guess is apple runs to to 120 right before earnings and then breaks out following killer guidance. This is all just an educated guess but things are ultra bullish in my small mind
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Post by artman1033 on Oct 3, 2016 13:13:18 GMT -8
Stock seems to be getting hit over Foxconn's earnings report. They reported a decline of 24% in revenue and 52% in profit. This seems to be making people worry about iPhone demand. Somebody is wrong, is it too much demand or weak supply? Place your bets. "A lack of new "disruptive" innovation in smartphones continues to hit demand for new products leaving manufacturers to suffer the consequences. The latest evidence of the slowing growth comes from FIH Mobile, a subsidiary of Foxconn Technology, who just announced new guidance for 2016 net income which is now expected to be down 52% YoY. The company's largest clients include Chinese smartphone OEMs like Huawei Technologies and Xiaomi as well as US OEM Motorola. The subsidiary has also historically benefited from spill-over Apple volume from it's parent company, Hon Hai. Per the Company's press release, consolidated earnings are expected to collapse to below $110mm in 2016 from over $228mm in 2015. " www.zerohedge.com/news/2016-10-03/foxconns-smartphone-assembler-warns-52-profit-drop
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Post by rickag on Oct 3, 2016 14:09:33 GMT -8
Stock seems to be getting hit over Foxconn's earnings report. They reported a decline of 24% in revenue and 52% in profit. This seems to be making people worry about iPhone demand. Somebody is wrong, is it too much demand or weak supply? Place your bets. "A lack of new "disruptive" innovation in smartphones continues to hit demand for new products leaving manufacturers to suffer the consequences. The latest evidence of the slowing growth comes from FIH Mobile, a subsidiary of Foxconn Technology, who just announced new guidance for 2016 net income which is now expected to be down 52% YoY. The company's largest clients include Chinese smartphone OEMs like Huawei Technologies and Xiaomi as well as US OEM Motorola. The subsidiary has also historically benefited from spill-over Apple volume from it's parent company, Hon Hai. Per the Company's press release, consolidated earnings are expected to collapse to below $110mm in 2016 from over $228mm in 2015. " www.zerohedge.com/news/2016-10-03/foxconns-smartphone-assembler-warns-52-profit-dropThat's disconcerting.
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Post by artman1033 on Oct 3, 2016 18:05:20 GMT -8
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Post by osx10 on Oct 3, 2016 18:09:58 GMT -8
Apparently the Apple Quarterly call will now be Tuesday Oct 25 rather than Thursday Oct 27 - wonder if the move is related to the Mac update event perhaps? Apple IR
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Post by mace on Oct 4, 2016 0:23:34 GMT -8
Big bull flag continues in apple. Patience is a virtue. If we get a breakout to 120 - we should test the highs. Market is sleeping at the wheel on apple. Holding my leap positions If AAPL doesn't start running up to $120 by earning call, would be disappointed.
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