Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 25, 2016 2:12:44 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 25, 2016 4:40:12 GMT -8
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Post by rickag on Oct 25, 2016 5:32:15 GMT -8
Queasy anticipation of the Earnings Report. FQ 1 2017 guidance, may it be stellar. Cheers to the longs.
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Post by osx10 on Oct 25, 2016 6:43:13 GMT -8
If you didn't see JD's post from last night in yesterday's thread, you might want to go back and read it. Good stuff. Makes me wonder how Eddy Cue keeps his job.
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Post by gtrplyr on Oct 25, 2016 7:15:11 GMT -8
If you didn't see JD's post from last night in yesterday's thread, you might want to go back and read it. Good stuff. Makes me wonder how Eddy Cue keeps his job. I have to agree with JD on the lack of Apple to get into the living room. (Lots of stuff in his post that I didn't agree with but we won't go there) They were there way before anyone else with Apple TV but for whatever reason they just couldn't seal the deal. It is a blown opportunity and I have long had my doubts regarding Eddy Cue .... a real disappointment in my book. Good luck to all today Cheers to the longs ....
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Post by phoebear611 on Oct 25, 2016 7:50:10 GMT -8
Indeed - JD's post is worth the read and worth AGREEING with. I've been worried about AAPL's place in the home in general and not feeling comfortable about their position in that area. I realize I don't know what's happening behind the scenes but I'm not seeing them as a win, place or show in that race - and it is bothersome. Again, they have so much cash that they could - if they really wanted to - buy Netflix - or Disney - or both. I suspect that ever since Steve's death - although they were left with a ton of talent - they don't have someone internally who can seem to negotiate and close deals with US media companies (which should really be Cue's role and possibly TC's as a follow-up). Am I wrong? I'm not feeling the love.
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Post by tuffett on Oct 25, 2016 7:51:13 GMT -8
I agree. Apple is in a field of many competitors offering similar products. They're no longer in the position to play hardball, and they're finding it out the hard way.
Apple TV vs chromecast/Roku - what's the value that justifies the premium? Apple Music vs Spotify - what's the value? Taylor Swift and slightly more integration with Siri, which most people despise? Apple Pay vs Samsung Pay - is there any real difference to the average consumer? Samsung Pay has much greater availability
In terms of services, Apple offers me nothing I can't get anywhere else. It's iOS and the integration between beautiful, functional hardware products that keeps me in the ecosystem. This is why it's so disappointing if the car project has fallen through. Apple needs to keep coming out with new hardware, difficult as it is.
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Ted
fire starter
Posts: 882
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Post by Ted on Oct 25, 2016 8:05:23 GMT -8
Apple's lack of a truly compelling living room presence and video content deal is very concerning. After what Apple did to music with iTunes, I think the TV peeps were always very suspect of the company's true intentions and were never going to fully open the door to them. Of course, Eddie didn't help with his alleged arrogance, strong arm tactics and west coast culture clashes. Still, Apple doesn't need to be first with everything as we know. Will Google be "allowed" to dominate video delivery moving forward? Would that be a smart move on the content controllers' parts? Also, Apple's cash and huge, growing, high-end customer base and ecosystem participants still give them leverage with the video power-holders. I hold out hope that Tim et al. can figure out an appropriate approach that works, but they better get a move on.
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Post by tuffett on Oct 25, 2016 8:58:41 GMT -8
Back to some positivity - this could bode well for guidance. Will we see an 8-print? I'll take either $78B or $8XB...
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Post by phoebear611 on Oct 25, 2016 9:25:49 GMT -8
Aren't there only 2 weeks of iPhone 7 sales in these numbers today? Or did I misunderstand that?
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Post by pauls on Oct 25, 2016 9:55:17 GMT -8
Apple's lack of a truly compelling living room presence and video content deal is very concerning. After what Apple did to music with iTunes, I think the TV peeps were always very suspect of the company's true intentions and were never going to fully open the door to them. Of course, Eddie didn't help with his alleged arrogance, strong arm tactics and west coast culture clashes. Still, Apple doesn't need to be first with everything as we know. Will Google be "allowed" to dominate video delivery moving forward? Would that be a smart move on the content controllers' parts? Also, Apple's cash and huge, growing, high-end customer base and ecosystem participants still give them leverage with the video power-holders. I hold out hope that Tim et al. can figure out an appropriate approach that works, but they better get a move on. I think with consolidation in industry -Comcast/NBC, ATT/time Warner(content),Dish, other cable mergers--maybe more coming, Apple has been forced to be patient and follow. The good news is there will be true streaming solutions to the full cable experience soon or not soon enough, and maybe that's when Apple becomes a bigger player via hardware or maybe more. Being tight with Disney will help. The cards seem stacked against a replay of iTunes music, that's for sure.
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Post by incorrigible on Oct 25, 2016 10:53:29 GMT -8
Aren't there only 2 weeks of iPhone 7 sales in these numbers today? Or did I misunderstand that? It's about guidance numbers and not EPS/Rev for this quarter. Edit: Had my iPhone7 for over a month now. Still yet to use ApplePay. Not yet very widespread.
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Post by mace on Oct 25, 2016 11:04:30 GMT -8
...I think with consolidation in industry -Comcast/NBC, ATT/time Warner(content),Dish, other cable mergers... Vertical integration. Many last miles and set boxes because of exclusive content? A Comcast set box + subscription; ATT set box + subscription; Google set box + subscription; Netflix set box + subscription; Amazon set top + subscription...
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Post by jmolloy on Oct 25, 2016 11:33:28 GMT -8
Edit: Had my iPhone7 for over a month now. Still yet to use ApplePay. Not yet very widespread. I've not used my iPhone 7+ to do that either but here in the U.K. I use ApplePay on my watch for 95% of my transactions.
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Post by joel90069 on Oct 25, 2016 11:42:23 GMT -8
I use Apple Pay on my 7+ almost daily. Live in Los Angeles and Palm Springs. It's accepted at many places.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Oct 25, 2016 12:19:42 GMT -8
...I think with consolidation in industry -Comcast/NBC, ATT/time Warner(content),Dish, other cable mergers... Vertical integration. Many last miles and set boxes because of exclusive content? A Comcast set box + subscription; ATT set box + subscription; Google set box + subscription; Netflix set box + subscription; Amazon set top + subscription... Is there really vertical integration in the living room beyond the cable-Sat/network model, which is dying anyway? (as a content provider, you much prefer dumb Internet pipe model over broadcast going forward, because owner of pipes can't control what is seen like they can channels and packages, plus way way cheaper to deliver). Google wants to cast in your living room, but so far, no original content that I can see (they want you to do it for them on YouTube) and little if any licensed content. They get in there by licensing (i.e., giving away, probably for spying rights) their hardware into TV's (I'd be surprised if Google Fiber expands very wide or lives very long.) Netflix has licensed and original content, but no pipes/fiber/Sat's, seems to have done very well being picked up through the app model in TV, PC, and mobile. My parents' Vizio remote even has a Netflix button on it. But no infrastructure. Same with Amazon. They are content to drive their cars on someone else's freeways. So maybe Apple needs to give up TV hardware altogether and launch a video TV "channel" like Netflix (or just buy Netflix) and push app adoption on all platforms (instead of this traditional stubborn Apple model of "you have to buy our hardware to watch"). The problem is, where is the money in it? The living room is not mobile. As Steve Jobs said about TV's, "They don't turn over and the margins suck." So allow Google's hardware to invade the living room like cockroaches and be the cable/Sat analog, and have Apple concentrate on the software & content, as Apple is supposed to be a software company anyway. Digging holes and laying cable/fiber is an extremely expensive and difficult task with thin margins and a dying model. Maybe Tim looked at Time-Warner and said, "let someone else do freeways and we'll do Teslas." Ouch, too soon? Again, where's the profit in getting into the living room? (I've been a Netflix bear because there is no profit in selling other people's content, like Enron selling energy). Do you want to just be a mobile device company, whose products people put away when they sit on their couches? Do you just cede the living room to someone else? I don't think that's smart. Maybe it's worth it just for crossover in mobile on iPads and iPhones, the value being a differentiator and stickiness like with iTunes, with maybe some premium subscription model. And Apple of course needs original content to differentiate. All that fucking money languishing, might have to spend some of it on something other than AAPL. Jobs should have never let Pixar get away to Disney. He was obsessed with keeping a company independent for culture reasons, but maybe should have tried a Pixar (or even Disney) merger when he had the power (controlled/owned Pixar). Disney's $150B is a big acquisition to swallow now, so it would have to be a merger. Maybe Apple will have to suck it up and buy Netflix. That's "only" $54B now. But starting 20 years behind Netflix from scratch is a real disadvantage, when Google is already in the living room... Anyway, good luck to all the longs today.
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Post by incorrigible on Oct 25, 2016 12:33:20 GMT -8
Meh earnings. Guidance above consensus though.
$1.67 on 46.9B
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Post by artman1033 on Oct 25, 2016 12:34:08 GMT -8
Apple Reports Fourth Quarter Results Services Revenue Grows 24% to All-Time Quarterly Record of $6.3 Billion
CUPERTINO, California — October 25, 2016 — Apple® today announced financial results for its fiscal 2016 fourth quarter ended September 24, 2016. The Company posted quarterly revenue of $46.9 billion and quarterly net income of $9 billion, or $1.67 per diluted share. These results compare to revenue of $51.5 billion and net income of $11.1 billion, or $1.96 per diluted share, in the year-ago quarter. Gross margin was 38 percent compared to 39.9 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.
“Our strong September quarter results cap a very successful fiscal 2016 for Apple,” said Tim Cook, Apple’s CEO. “We’re thrilled with the customer response to iPhone 7, iPhone 7 Plus and Apple Watch Series 2, as well as the incredible momentum of our Services business, where revenue grew 24 percent to set another all-time record.”
“We are pleased to have generated $16.1 billion in operating cash flow, a new record for the September quarter,” said Luca Maestri, Apple’s CFO. “We also returned $9.3 billion to investors through dividends and share repurchases during the quarter and have now completed over $186 billion of our capital return program.”
Apple is providing the following guidance for its fiscal 2017 first quarter: revenue between $76 billion and $78 billion gross margin between 38 percent and 38.5 percent operating expenses between $6.9 billion and $7 billion other income/(expense) of $400 million tax rate of 26 percent
Apple’s board of directors has declared a cash dividend of $0.57 per share of the Company’s common stock. The dividend is payable on November 10, 2016 to shareholders of record as of the close of business on November 7, 2016.
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Post by phoebear611 on Oct 25, 2016 12:37:46 GMT -8
$237.6 Billion in cash....sheesh
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Oct 25, 2016 12:43:55 GMT -8
That's actually great news on guidance, the dumb bunny [after]market response notwithstanding. Consensus was expecting a Q1 decline YoY, whereas Apple's low end on the range is a YoY beat. That means Apple is expanding again, which should be the lede.
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Post by tuffett on Oct 25, 2016 12:44:33 GMT -8
Got my hopes up for a second, but it's just typical AAPL bullshit. Should've sold calls, guess I'll never learn...
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Post by tuffett on Oct 25, 2016 12:48:40 GMT -8
That's actually great news on guidance, the dumb bunny [after]market response notwithstanding. Consensus was expecting a Q1 decline YoY, whereas Apple's low end on the range is a YoY beat. That means Apple is expanding again, which should be the lede. The high end is a 2.8% beat with a 14 week quarter, which is 7.7% longer. So in my books it's still a YoY decline with an apples to apples compare. Disappointing. I know they stuffed the channel last year and hopefully it's more demand based this year, but I was hoping for better with the recent iPhone 7 hype. Also makes me think that Watch is having production issues.
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Post by phoebear611 on Oct 25, 2016 12:51:31 GMT -8
Smart watch sales are down everywhere and I'm guessing A LOT at Apple. I doubt it's a production issue. And again, I think the iPhone 7 demand really kicked in with the Samsung debacle - which was a bit late to have an impact in this quarter.
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Post by incorrigible on Oct 25, 2016 13:00:16 GMT -8
That means Apple is expanding again, Thanks to Samsung and their exploding phones. I truly believe Apple's better days are behind it and have halved my AAPL position over the last 6 months because of it. Further trimming is coming as well. It was a nice ride.
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Post by mace on Oct 25, 2016 13:03:52 GMT -8
... I truly believe Apple's better days are behind it... That's the general consensus. Nothing to see till one of the wild cats (Titan, WATCH, AirPods/ AR, tv/ video streaming) grew up.
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Post by incorrigible on Oct 25, 2016 13:12:03 GMT -8
... I truly believe Apple's better days are behind it... That's the general consensus. Nothing to see till one of the wild cats (Titan, WATCH, AirPods/ AR, tv/ video streaming) grew up. Steve *was* Apple. His absence has had a dramatic impact. Twice.
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Post by macster on Oct 25, 2016 13:17:32 GMT -8
Tim and crew dancing around musical chairs. Until the music stops they will be sure to know their new offices in the spaceship. Until then indecision and lack of vision to share with the owners of the company. What do I know. Tim is underperforming. IMO
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Post by mace on Oct 25, 2016 13:28:04 GMT -8
Who is the product guy in Apple now?
TC/Jeff - Supply chain Jony & his gang - Industrial designer the rest are engineers and functional managers
Get the snap inc guy over.
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Post by BillH on Oct 25, 2016 13:47:47 GMT -8
Boy these guys sound tired. I'm betting they'll try to get more separation between earnings and product introductions in the future. Though flat in tone, I'm loving what's being said.
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Post by sponge on Oct 25, 2016 13:50:07 GMT -8
Tim sounds like he smoked some weed.
His answers seem short and he seems unhappy. Very little enthusiasm.
The numbers were in line. Guidance is much weaker than I would have liked.
The stock clearly ran too much into earnings and we see profit taking regardless of the numbers. We should recover later in the quarter.
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