Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 11, 2017 3:37:12 GMT -8
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Post by osx10 on Dec 11, 2017 4:36:56 GMT -8
Since 84, thanks for getting us started as always!
Was in my local Apple store yesterday and saw the Belkin charging mats being showcased - surprised to see that - the Apple charging mat must be further away than 1H 2018.
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Post by phoebear611 on Dec 11, 2017 8:16:00 GMT -8
So happy about Shazam acquisition- think it will serve Apple well!
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Post by PikesPique on Dec 11, 2017 8:53:34 GMT -8
Has that acquisition been confirmed?
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Ted
fire starter
Posts: 882
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Post by Ted on Dec 11, 2017 8:56:45 GMT -8
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Post by CdnPhoto on Dec 11, 2017 10:40:01 GMT -8
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bud777
fire starter
Posts: 1,354
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Post by bud777 on Dec 11, 2017 10:42:47 GMT -8
I want to start beating the drum for a 3-1 stock split in April. Call it financial engineering, but we saw what the 7-1 split did and I feel like there is room to do that again. P/E is still unreasonably low given the value of the company and I think there are a lot of people who would like to climb on board.
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Post by Luckychoices on Dec 11, 2017 11:56:01 GMT -8
My apologies if this topic has already been posted and I somehow missed seeing it. I obviously find the Senate tax proposal quite alarming because, for folks who invest in stocks over the long term (say, for example, AAPL Longs), it would eliminate their ability to effectively manage their investments for maximum financial benefit. That is, maximum financial benefit for the *investor*, not the U. S. government. Senate bill boosts taxes on stock salesSenate bill boosts taxes on stock sales Under the proposal, investors would have to sell their oldest shares first, which typically results in a larger capital gain. The change would raise an estimated $2.7 billion over 10 years. Sarah O'Brien | @sarahtgobrien Published 12:03 PM ET Wed, 15 Nov 2017 Updated 3:59 PM ET Fri, 17 Nov 2017
Heads up, investors: A provision in the Senate's tax plan would take away your ability to pick and choose which stock shares you unload when you go to sell.
If the move is included in final legislation, investors would pay an estimated $2.7 billion more in taxes over a decade, according to the Joint Committee on Taxation.
"It's a good move as far as tax reform goes because it simplifies taxes, but it will leave investors with fewer choices when they sell stock, and they'll pay more in taxes," said Steve Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center.
Under current law, investors with taxable brokerage accounts have a couple of choices when putting in a sell order for stock shares: They can tell their broker to sell the oldest shares first (the first-in-first-out or FIFO method) or direct the sale of shares that were purchased on a particular date (specific identification method).
For holdings in a taxable mutual fund, investors get a third choice that could be retained under the Senate bill: using the average costs of the shares. The provision would eliminate the specific identification method, meaning stock investors would now be required to sell their oldest shares first. This also would mean that mutual fund managers would also lose the ability to pick specifically which shares to sell. The change would take effect Jan. 1.
"Requiring taxpayers to treat securities as sold on a first-in, first-out basis would be disproportionately harmful to ordinary Americans who invest with funds," said Paul Schott Stevens, president and CEO of the Investment Company Institute.
"It would increase significantly the amount of taxable distributions made to investors every year and tie the hands of fund managers as they pursue investment strategies on behalf of savers."
To illustrate why selling the oldest shares first can be more costly: Say you paid $100 for each share of XYZ Company in 2010 and $200 for more shares in 2015. Under the Senate proposal, if you go to sell shares in 2018 for $300, you would have to sell the oldest shares first.
This would mean you pay taxes on the difference between 2012's $100 purchase price and 2018's sale price of $300, or $200 per share. The taxes in that scenario are higher than if you can choose to sell the $200 shares and pay taxes on the gain of $100 per share instead.
"In a rising stock market, which we've had, the gains are likely greater on the shares you've held longer than ones you more recently purchased," Rosenthal said. "It's a revenue-raiser for the U.S. government."===================================== A hidden tax bill time bombBy Brian D. Langstraat - - Tuesday, November 28, 2017 ANALYSIS/OPINION: Lawmakers are rushing to finalize the details of the first major overhaul of the federal income tax in more than three decades. An obscure provision buried deep in the tax reform bill passed by the Senate Finance Committee is sure to rile retirees and other individual investors by mandating what stocks they have to sell first.
Under the guise of simplification, the provision would eliminate choice for investors both large and small. The measure would instead complicate the financial lives of millions of individual investors, rob retirees of part of their hard-won savings and inhibit economic growth by distorting investor decisions.
Under current law, investors who hold multiple positions in a security purchased at different times can decide for themselves how to manage sales to best suit their financial needs. The Senate proposal would change that, requiring investors always to sell their oldest securities first. That’s called first-in, first-out, or FIFO. Consider an investor who holds 100 shares of Apple stock, half purchased in 2015 at $130 a share and the balance acquired 10 years ago at $15 per share, split-adjusted. Under current law, the investor can elect to sell the newer shares first. Under mandatory FIFO, that choice goes away. The amount of tax due after selling 10 shares at the current price of $175 a share would more than triple as a result.
Requiring FIFO doesn’t just raise taxes for investors, it also changes how they behave. Holders of successful investments accumulated over time will be less inclined to sell and discouraged from buying more. They’ll spend more time thinking about and planning for the tax effects of their investments. They will make investment decisions that, absent tax considerations, are less rational. As a result, markets will become less effective in allocating capital to highest and best uses, at an inevitable cost to economic growth. The FIFO mandate runs counter to the stated goals of tax reform to create a simpler and fairer tax system. Professional managers of mutual funds, exchange-traded funds (better known as ETFs) and other regulated investment companies could continue to choose what they sell and when they sell it. Individual investors, on the other hand, would lose that privilege. The reason for this disparity has not been explained by members of the Finance Committee.
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ono
Member
compensation
Posts: 552
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Post by ono on Dec 11, 2017 11:59:49 GMT -8
www.forbes.com/sites/chuckjones/2017/12/11/apples-iphone-8-and-x-sales-remain-strong-post-the-thanksgiving-weekend/?utm_source=yahoo&utm_medium=partner&utm_campaign=yahootix&partner=yahootix&yptr=yahoo#4683d96569e2Apple's iPhone 8 And X Sales Remain Strong Post The Thanksgiving Weekend - Forbes When looking at the two 12 day data points the following results can be calculated.
iPhone 8 sales went from 310,000 to 380,000 per day iPhone 8 Plus sales went from 380,000 to 350,000 per day iPhone X sales went from 790,000 to 920,000 per dayIf this is even in the ballpark, its astounding. mixpanel.com/trends/#report/iphone_8_X/from_date:-29,report_unit:day,to_date:0 This is my dreamed for comment in the earnings call: "We're particularly pleased that for the 90 days of the quarter, 90 million iPhones were sold. Let's think about this for a moment. Now, we wouldn't normally share this, but we are so proud of our supply chain we wish to share that we exited the quarter with the capability to ship 1 million iPhone Xs a day."
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Post by phoebear611 on Dec 11, 2017 13:14:42 GMT -8
So I just received my iPhone X over the weekend - can't wait to find the time to switch...so excited. I'm just annoyed that with all the Christmas prep nonsense and other various sundries that suck up my time, I haven't had the time in 2 days to set it up. Hope it's not like learning to ride a bike again. I haven't even looked at it and I already have a million questions.
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Post by artman1033 on Dec 11, 2017 13:29:13 GMT -8
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Post by tuffett on Dec 11, 2017 13:38:44 GMT -8
It’s time Apple starts thinking seriously about boosting their advertising revenue. Of course privacy must be maintained but the evidence is clear - people like free, ad supported stuff and Apple would be foolish to cede the market to Google and Facebook. This looks like a good stepping stone.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,433
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Post by chinacat on Dec 11, 2017 15:34:51 GMT -8
Aaaahhh, if only we could return to valuation being 90 times earnings!
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