Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 2, 2017 2:34:17 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 2, 2017 4:09:32 GMT -8
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Post by phoebear611 on May 2, 2017 4:40:08 GMT -8
Sorry it's so small but i believe if you click on it you can enlarge.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 2, 2017 7:32:29 GMT -8
Perhaps the anticipation is killing everyone...
AAPL has crossed $148. Can it break $149?
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on May 2, 2017 7:44:47 GMT -8
I suspect that there may not be a whole lot of Angela Ahrendts fans in this apparently male-dominated forum (with a nod to our valuable female contributors), but I enjoyed the video interview included in the unfortunately titled PED column CBS gives Apple’s Angela Ahrendts a big wet kiss. I thought one interesting observation she made is that Amazon and Google, the on-line giants, are now opening stores, a fact which I evidently missed.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on May 2, 2017 8:27:19 GMT -8
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Post by phoebear611 on May 2, 2017 11:21:00 GMT -8
I suspect that there may not be a whole lot of Angela Ahrendts fans in this apparently male-dominated forum (with a nod to our valuable female contributors), but I enjoyed the video interview included in the unfortunately titled PED column CBS gives Apple’s Angela Ahrendts a big wet kiss. I thought one interesting observation she made is that Amazon and Google, the on-line giants, are now opening stores, a fact which I evidently missed. Google and Amazon are interesting but let's not kid ourselves - they are also doing this for the same reasons they do it on line - to capture buying patterns or product - basically to continue to gather more and more behavioral information on us in order to predict future patterns. Then couple that with Google's association with 23 and Me - now they have our DNA and perhaps some health data or predictability of health data from what we may be predisposed to. This is all very Big Brother-ish for sure. That being said, when I mentioned this to a friend, her response was, "It makes my life a lot easier so I don't care." But I do believe that the brick and mortar stores are not just to provide US with product but more about US providing THEM with data.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 2, 2017 11:28:08 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on May 2, 2017 11:40:24 GMT -8
I suspect that there may not be a whole lot of Angela Ahrendts fans in this apparently male-dominated forum (with a nod to our valuable female contributors), but I enjoyed the video interview included in the unfortunately titled PED column CBS gives Apple’s Angela Ahrendts a big wet kiss. I thought one interesting observation she made is that Amazon and Google, the on-line giants, are now opening stores, a fact which I evidently missed. What's her gender have to do with it? I think a lot of us wonder what Ahrendts has done to justify her stratospheric compensation, regardless of how many X chromosomes she has. If women want to be in the C-suite, they need to be able to take the heat. Anyway, good luck to all longs today.
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mark
fire starter
Posts: 1,555
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Post by mark on May 2, 2017 12:02:40 GMT -8
I just sold a few shares (in an IRA) to make it liquid for eventual transfer into a different custodian (that won't hold stock shares). My first sale of shares, other than calls being assigned to me, in a LONG time.
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Post by artman1033 on May 2, 2017 12:04:46 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 2, 2017 12:07:17 GMT -8
Here's hoping we have to buckle up for after hours activity...
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Post by incorrigible on May 2, 2017 12:11:35 GMT -8
I just sold a few shares (in an IRA) to make it liquid for eventual transfer into a different custodian (that won't hold stock shares). My first sale of shares, other than calls being assigned to me, in a LONG time. Smart move me thinks. Shoulda' done the same myself.
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Post by artman1033 on May 2, 2017 12:12:25 GMT -8
for comparison: LAST YEAR Apple Reports Second Quarter Results Capital Return Program Expanding to $250 Billion CUPERTINO, California — April 26, 2016 — Apple® today announced financial results for its fiscal 2016 second quarter ended March 26, 2016. The Company posted quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion, or $1.90 per diluted share. These results compare to revenue of $58 billion and net income of $13.6 billion, or $2.33 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared to 40.8 percent in the year-ago quarter. International sales accounted for 67 percent of the quarter’s revenue. “Our team executed extremely well in the face of strong macroeconomic headwinds,” said Tim Cook, Apple’s CEO. “We are very happy with the continued strong growth in revenue from Services, thanks to the incredible strength of the Apple ecosystem and our growing base of over one billion active devices.” The Company also announced that its Board of Directors has authorized an increase of $50 billion to the Company’s program to return capital to shareholders. Under the expanded program, Apple plans to spend a cumulative total of $250 billion of cash by the end of March 2018. “We generated strong operating cash flow of $11.6 billion and returned $10 billion to shareholders through our capital return program during the March quarter,” said Luca Maestri, Apple’s CFO. “Thanks to the strength of our business results, we are happy to be announcing today a further increase of the program to $250 billion.” As part of the updated program, the Board has increased its share repurchase authorization to $175 billion from the $140 billion level announced last year. The Company also expects to continue to net-share-settle vesting restricted stock units. The Board has approved an increase of 10 percent to the Company’s quarterly dividend, and has declared a dividend of $.57 per share, payable on May 12, 2016 to shareholders of record as of the close of business on May 9, 2016. From the inception of its capital return program in August 2012 through March 2016, Apple has returned over $163 billion to shareholders, including $117 billion in share repurchases. The Company plans to continue to access the domestic and international debt markets to assist in funding the program. The management team and the Board will continue to review each element of the capital return program regularly and plan to provide an update on the program on an annual basis. Apple is providing the following guidance for its fiscal 2016 third quarter: revenue between $41 billion and $43 billion gross margin between 37.5 percent and 38 percent operating expenses between $6 billion and $6.1 billion other income/(expense) of $300 million tax rate of 25.5 percent www.apple.com/pr/library/2016/04/26Apple-Reports-Second-Quarter-Results.html
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Post by phoebear611 on May 2, 2017 12:13:28 GMT -8
I'm rooting for Sponge to do well in the earnings predictions - let's see how it plays out.
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Post by dreamRaj on May 2, 2017 12:15:28 GMT -8
Numbers to beat:
Rev: 53 bln EPS: 2.02 iPhones: 52.2 mln iPads: 8.6 mln Macs: 4.2 Services: 7.1 bln
And, the most important of all...
Guidance: 46 bln ?
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on May 2, 2017 12:20:56 GMT -8
Numbers to beat:Rev: 53 bln EPS: 2.02 iPhones: 52.2 mln iPads: 8.6 mln Macs: 4.2 Services: 7.1 bln And, the most important of all... Guidance: 46 bln ? What is WS's guidance estimate?
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Post by sponge on May 2, 2017 12:23:32 GMT -8
I'm rooting for Sponge to do well in the earnings predictions - let's see how it plays out. Well I think my numbers are reachable. The iPhone numbers could derail the stock short term however. Guidance is key however. I am still on the sidelines. P/E expansion is ahead of earnings. Like to see RSI in the 30s before I get back in. May happen this month or early fall.
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Post by dreamRaj on May 2, 2017 12:26:35 GMT -8
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4aapl
Moderator
Posts: 3,649
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Post by 4aapl on May 2, 2017 12:27:27 GMT -8
I just sold a few shares (in an IRA) to make it liquid for eventual transfer into a different custodian (that won't hold stock shares). My first sale of shares, other than calls being assigned to me, in a LONG time. Good to do once in a while. It's in my plans. I wrote out a list of my current thoughts about a month ago, and they all hold. I'll share them some non-earnings day, but in general I plan to hold until close to the next iPhone announcement, though could sell some starting in the 155-160 range. In general I don't see any huge macro dips happening in the next 12 or even 24 months, since things aren't irrational yet, though smaller dips could happen (i.e. not a 2000 or 2006 type crash). And it looks like my ROTH will be first to sell, to avoid a big tax hit, while looking to cut risk and diversify. Tick tock tick tock. Earnings release in 3 minutes.....or so.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on May 2, 2017 12:27:34 GMT -8
I suspect that there may not be a whole lot of Angela Ahrendts fans in this apparently male-dominated forum (with a nod to our valuable female contributors), but I enjoyed the video interview included in the unfortunately titled PED column CBS gives Apple’s Angela Ahrendts a big wet kiss. I thought one interesting observation she made is that Amazon and Google, the on-line giants, are now opening stores, a fact which I evidently missed. What's her gender have to do with it? I think a lot of us wonder what Ahrendts has done to justify her stratospheric compensation, regardless of how many X chromosomes she has. If women want to be in the C-suite, they need to be able to take the heat. Anyway, good luck to all longs today. Perhaps I am wrong, and I hope that I am, but I certainly believe that if three groups of people (all men, all women, 50/50) were polled about "famous" people that the results would have significant variance based upon the gender of the subject. In addition, I would expect that men would be less likely to consider that a leader of either sex from from a luxury clothing and accessories brand would be a good fit for a high tech company, notwithstanding the high end targeting of customers by both. It seems we will be getting a good look at how things are going in the coming year. As I think you have guessed by now this son of Massachusetts is pretty far over on the liberal side of things, so I realize that the population as a whole is likely to my right, more so among men. While I did not mention anyone in particular (but thanks for raising your hand, JD), it was wrong of me to generalize, and I apologize to anyone I offended. OK, time to check the web site for the financial numbers.
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mark
fire starter
Posts: 1,555
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Post by mark on May 2, 2017 12:28:25 GMT -8
I just sold a few shares (in an IRA) to make it liquid for eventual transfer into a different custodian (that won't hold stock shares). My first sale of shares, other than calls being assigned to me, in a LONG time. Smart move me thinks. Shoulda' done the same myself. Not such a big deal though, it's under 5% of my Apple holdings (just did a quick calculation).
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Post by incorrigible on May 2, 2017 12:34:36 GMT -8
EPS is good. Rev a bit short
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Post by artman1033 on May 2, 2017 12:34:44 GMT -8
Apple Reports Second Quarter Results Capital Return Program Expanding to $300 Billion CUPERTINO, California — May 2, 2017 — Apple® today announced financial results for its fiscal 2017 second quarter ended April 1, 2017. The Company posted quarterly revenue of $52.9 billion and quarterly earnings per diluted share of $2.10. These results compare to revenue of $50.6 billion and earnings per diluted share of $1.90 in the year-ago quarter. International sales accounted for 65 percent of the quarter’s revenue. “We are proud to report a strong March quarter, with revenue growth accelerating from the December quarter and continued robust demand for iPhone 7 Plus,” said Tim Cook, Apple’s CEO. “We’ve seen great customer response to both models of the new iPhone 7 (PRODUCT)RED Special Edition and we’re thrilled with the strong momentum of our Services business, with our highest revenue ever for a 13-week quarter. Looking ahead, we are excited to welcome attendees from around the world to our annual Worldwide Developers Conference next month in San Jose.” Apple also announced that its Board of Directors has authorized an increase of $50 billion to the Company’s program to return capital to shareholders and is extending the program timeframe by four quarters. Under the expanded program, Apple plans to spend a cumulative total of $300 billion by the end of March 2019. “We generated strong operating cash flow of $12.5 billion and returned over $10 billion to our investors in the March quarter,” said Luca Maestri, Apple’s CFO. “Given the strength of our business and our confidence in our future, we are happy to announce another $50 billion increase to our capital return program today.” As part of the latest update to the program, the Board has increased its share repurchase authorization to $210 billion from the $175 billion level announced a year ago. The Company also expects to continue to net-share-settle vesting restricted stock units. The Board has approved a 10.5% increase to the Company’s quarterly dividend, and has declared a dividend of $0.63 per share of the Company’s common stock, payable on May 18, 2017 to shareholders of record as of the close of business on May 15, 2017. From the inception of its capital return program in August 2012 through March 2017, Apple has returned over $211 billion to shareholders, including $151 billion in share repurchases. The Company plans to continue to access the domestic and international debt markets to assist in funding the program. The management team and the Board will continue to review each element of the capital return program regularly and plan to provide an update on the program on an annual basis. Apple is providing the following guidance for its fiscal 2017 third quarter: revenue between $43.5 billion and $45.5 billion gross margin between 37.5 percent and 38.5 percent operating expenses between $6.6 billion and $6.7 billion other income/(expense) of $450 million tax rate of 25.5 percent www.apple.com/pr/library/2017/05/02Apple-Reports-Second-Quarter-Results.html
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Post by dreamRaj on May 2, 2017 12:35:47 GMT -8
The iPhone numbers are making the stock dwindle a bit.
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Post by artman1033 on May 2, 2017 12:40:32 GMT -8
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Post by archibaldtuttle on May 2, 2017 12:41:55 GMT -8
EPS beats "expectations" beats "whisper number" (2.07), stock goes down. I'll never understand this stuff
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Post by artman1033 on May 2, 2017 12:43:54 GMT -8
The iPhone numbers are making the stock dwindle a bit. I disagree! iphone volume down 1% YOY & UP 1% in $ HOWEVER: Greater China is down 14% in $
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coma
Member
Posts: 522
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Post by coma on May 2, 2017 12:44:45 GMT -8
Oh Noes, AAPL is . . . DOOMED
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Post by dreamRaj on May 2, 2017 12:52:57 GMT -8
No big deal. These results will simply preserve the stock's status quo and keep us in the 140-150 range. It's when the iPhone 8 fever kicks in that the fun will start again.
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