stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Oct 25, 2016 13:51:53 GMT -8
But look at it this way...
next 4 Qtrs will be easier to beat.
40B in Buybacks to go.
That should put us all Buybacked out by the end of next year...
THEN watch the fireworks begin (straight up).
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Post by Apple II+ on Oct 25, 2016 14:16:34 GMT -8
But look at it this way... next 4 Qtrs will be easier to beat. 40B in Buybacks to go. That should put us all Buybacked out by the end of next year... THEN watch the fireworks begin (straight up). That may be too long. A whole lot of SVP RSU's depend on TSR for three years ending October 1, 2017.
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Oct 25, 2016 14:20:59 GMT -8
But look at it this way... next 4 Qtrs will be easier to beat. 40B in Buybacks to go. That should put us all Buybacked out by the end of next year... THEN watch the fireworks begin (straight up). That may be too long. A whole lot of SVP RSU's depend on TSR for three years ending October 1, 2017. While we're on the subject... does anybody know exactly how much of the that 9.3B was buybacks? and what do you mean by TSR? (thx for the info)
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bud777
fire starter
Posts: 1,353
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Post by bud777 on Oct 25, 2016 14:26:06 GMT -8
But look at it this way... next 4 Qtrs will be easier to beat. 40B in Buybacks to go. That should put us all Buybacked out by the end of next year... THEN watch the fireworks begin (straight up). That may be too long. A whole lot of SVP RSU's depend on TSR for three years ending October 1, 2017. Please explain the TLAs
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Post by Apple II+ on Oct 25, 2016 14:36:41 GMT -8
That may be too long. A whole lot of SVP RSU's depend on TSR for three years ending October 1, 2017. Please explain the TLAs SVP = Senior Vice President RSU = Restricted Stock Unit TSR = Total Shareholder Return
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coma
Member
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Post by coma on Oct 25, 2016 15:04:49 GMT -8
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Post by tuffett on Oct 25, 2016 15:14:56 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. The reason I was hopeful on Watch having a strong impact on guidance is because if you try to order one it still shows 3-4 weeks shipping and over a month for in-store pickup. Something doesn't add up. I'm glad Apple made it clear that iPhone sales this quarter are largely supply based, especially iPhone 7 Plus. Not that the market cares, of course. It does show a lack of confidence that Apple only prepared to produce enough units for very marginal growth. I believe the iPhone is done as a growth item. If the incredible redesign comes to pass next year we might see one more burst but the year after will be an iPhone 6s equivalent. Toni Sacconaghi's question was right on the money. Luca's excuses were somewhat valid, but the positive impact of Airpods/Beats, Watch Series 1/2, new Macs and Services growth should have more than offset this.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Oct 25, 2016 15:45:24 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. Ah, that explains it, the aftermarket must be responding to your books. Apple beat the Street on guidance, and the Street knew how long this quarter is when it came to its consensus. That means Apple is expanding again, Thanks to Samsung and their exploding phones. Wait, what? That's like saying the Broncos didn't win, the Panthers lost. Apple's biggest hardware competitor literally crashing and burning is a good thing. Finally an unmistakable differentiator from the copycats. Sure, Apple hasn't rocked the world with new (and profitable) products lately, but who has? (let's not get into Facebook's creepy tracking/stalking and ad sales as a sustainable biz model. If you believe in Facebook you believe in Google - and in social media loyalty. #MySpace). I'll take growth over contraction. Let's hope Tim has something new (and profitable) up his sleeve.
WRT the living room discussion, kind of an ironic take by Cramer: Apple is powering the explosion of Netflix & Domino's PizzaWell let's not get left out of it, Tim! Regarding TV, here’s how the networks themselves are faring overall compared to this point last year in the adult demo: NET ..THEN .. NOW NBC…2.8…2.5…-11% CBS…2.5…2.2…-12% ABC…2.1…1.8…-14% Fox…1.9…1.7…-11% CW…0.6…0.5…-17%
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Post by phoebear611 on Oct 25, 2016 16:07:25 GMT -8
If anyone on this Board is from Chicago - good luck tonight and throughout the Series!
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Post by onemoreanimal on Oct 25, 2016 16:53:35 GMT -8
Edit: Had my iPhone7 for over a month now. Still yet to use ApplePay. Not yet very widespread. Just FYI, if you're in the US, Albertsons supermarkets accept Apple Pay but don't advertise it on their payment terminals. It was a pleasant surprise when I discovered that.
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jz
Member
"Study the natural order of things and work with it rather than against it." -- Lao Tsu
Posts: 162
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Post by jz on Oct 25, 2016 18:22:05 GMT -8
Trader Joe's Apple Pay functionality has increased since it's initial rollout some time ago. I love TJ's, but their payment system really sucked for a while and still has room for improvement.
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Post by mrentropy on Oct 25, 2016 18:27:45 GMT -8
Edit: Had my iPhone7 for over a month now. Still yet to use ApplePay. Not yet very widespread. Just FYI, if you're in the US, Albertsons supermarkets accept Apple Pay but don't advertise it on their payment terminals. It was a pleasant surprise when I discovered that. I would, except that California, in its infinite wisdom, forced Albertsons to divest all of its stores in my area. So instead of having a reasonably priced well liked store, we've had a high priced replacement that went bankrupt followed by another high priced alternative. Your government looking out for you.
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Post by sponge on Oct 25, 2016 18:54:25 GMT -8
So the question is now when will we hit the 50 MA. This week, Thanksgiving or before Christmas.
I expect to see us recover most of the oversold correction.
That 146 EW keeps predicting looks about 13 months away.
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bud777
fire starter
Posts: 1,353
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Post by bud777 on Oct 25, 2016 19:56:52 GMT -8
TLA = Three Letter Acronym
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Post by tuffett on Oct 25, 2016 21:22:09 GMT -8
Earnings day, and the thread is dominated by Apple Pay talk, which is insignificant to Apple from an earnings perspective and possibly will be forever. Not a great sign, in my opinion.
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Post by macster on Oct 25, 2016 23:38:25 GMT -8
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Post by mace on Oct 25, 2016 23:54:20 GMT -8
Tim Cook is a supply chain guru, Steve Ballmer is a bean counter. Apple is organized along functional lines, Microsoft is organized along product lines. No sacred product in Apple, once release they would come up with a better one. Apple sells affordable luxury, whereas Microsoft behaves monopolistically (many love that e.g. Google, Facebook, Amazon).
Why is WS keeps saying Apple is bad at Services when the Service revenue is growing at 20+% y/y every quarter and is now the number 2 revenue generator.
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Post by BillH on Oct 26, 2016 5:36:07 GMT -8
I flew through this so may have missed something but the compare is probably unfair to both participants. Microsoft never made any great products that I'm aware of so I'd give Monkey Boy huge props for maximizing revenue with crap to sell. They saw the mobile revolution coming, they just sucked at it. Apple knew that music and internet services were going to end up in the phone and solved for the problems at hand. Wish I knew more about artificial intelligence. It's my impression that with Siri apple is going down a quite different road then Google or Amazon. I think of it as being similar to the Mac days when others had real multi-tasking and Apple had the illusion of it. Don't know if that's a good analogy but it's how I think about it. I keep reading how insanely difficult it is to accomplish what Apples trying to do so maybe they won't get there or the other approach is truly good enough. Regardless, I still don't think of Steve as being a visionary per se. He just sweated the details. The same path is available to Apple as it currently exists.
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Post by BillH on Oct 26, 2016 6:16:19 GMT -8
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