Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Mar 22, 2018 2:42:12 GMT -8
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Mar 22, 2018 6:42:56 GMT -8
I checked. It doesn't make me feel any better to have FB down more than AAPL today.
OTOH, I'm pretty sure this snow day will keep my mind off of it. Time to snowblow and get out the door.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Mar 22, 2018 6:54:10 GMT -8
There continue to be numerous articles about the "disappointing" sales of the iPhone X, and just about all of them target the pricing as a mistake, of course flagging the "more than $1000" price.
Surely, as most if not all of my fellow AFB participants, we are fortunate not to have this as a concern (thank you, AAPL!), but I wonder how big of a factor this really is. I assume that folks on a tighter budget buy their phones on a monthly payment basis. Using AT&T as an example, the difference between the X and the 8 is $10/month, and for the 8 Plus (for those who want the larger screen) it is $6.67. At the risk of seeming insensitive, I have a hard time believing this is a difference maker for a majority of users. Rather, I think it probable that most buyers find the 8 series more than "good enough," and expect that some of the X-only features will arrive soon in future non-X models. This is true in our household, where Fabulous Spouse upgraded from the 6S to the 8 Plus, leaving her more fanatical husband to make the X move.
In any case, Tim remains upbeat about X sales, so we'll see what the results are in April.
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Post by tuffett on Mar 22, 2018 8:02:47 GMT -8
It’s not so much that it’s unaffordable, but rather the excitement phase of a new smartphone is no longer as strong as it used to be. People are more than happy to use their existing devices until they die, be it 3, 4 or 5 years, and won’t upgrade until then. The new features just aren’t a big deal anymore. This is an industry wide problem, and is why Apple must act aggressively to keep the install base growing, even if it means sacrificing a few points of margins on hardware. Non-Apple customers are less and less likely to make the switch as all devices are at the “good enough” level. Apple must start to compete on price while maintaining the high end for the more discerning customers.
Increasing the price of the 8/8 Plus over last year was poor strategy in my opinion. If the bill of materials increased forcing Apple to raise prices to maintain margins, then Apple designed the phone incorrectly, as the perception is that the phone is not much different than the 6/6s/7. Apple must start to reduce component costs for their non-“X” line.
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Post by CdnPhoto on Mar 22, 2018 10:24:39 GMT -8
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Post by bud777 on Mar 22, 2018 10:55:13 GMT -8
I cannot say that I agree with her. She is probably right on services growth being an important factor, but I think she is missing the impact of 5G on iDevice sales. Most projections for 5G see it being in place in 5 years. Somewhere in that time period, we should have a whole new S -curve.
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Post by dmiller on Mar 22, 2018 12:09:55 GMT -8
That businessinsider.com article says:
"Apple CEO Tim Cook said on the company's first-quarter earnings call this month that the IPhone X did not sell well. The stock, in turn, suffered slight losses. "
---NO--- TIM COOK DID NOT SAY THE IPHONE X DID NOT SELL WELL. (AND YES I'M SHOUTING)
From MacRumors synopsis of the call:
"During today's earnings call covering the first fiscal quarter of 2018, Apple CEO Tim Cook said that the iPhone X has "surpassed our expectations" and has been the "top selling iPhone" every week since it shipped in November. "
WHAT TRIPE AND NONSENSE WAS THE FIRST ARTICLE AND YES THIS IS ALL CAPS AND I'M STILL SHOUTING.
Lazy reporting? Deliberately false reporting? Moronery? All of the above?
(sigh)
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Mar 22, 2018 12:45:56 GMT -8
It's called FUD.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Mar 22, 2018 12:46:10 GMT -8
What a day.
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Post by michelc on Mar 22, 2018 12:51:42 GMT -8
and 2 weeks before we know how this (trade tariffs) will impact or not US tech.... talk about keeping the market on the edge of the seat....
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Post by aaplcrazie on Mar 22, 2018 13:35:34 GMT -8
Added bit more of Common to the horde. Had a Limit Order sitting for most of the day at $168.88 executed in the last minute or two of regular Trading.
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Post by tuffett on Mar 22, 2018 14:30:30 GMT -8
I cannot say that I agree with her. She is probably right on services growth being an important factor, but I think she is missing the impact of 5G on iDevice sales. Most projections for 5G see it being in place in 5 years. Somewhere in that time period, we should have a whole new S -curve. I don’t see people deviating from their existing upgrade cycles just to get onto 5G. 4G / LTE is fast, and not many people complain about it. It’s often faster than wifi.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Mar 22, 2018 19:27:56 GMT -8
I checked. It doesn't make me feel any better to have FB down more than AAPL today. OTOH, I'm pretty sure this snow day will keep my mind off of it. Time to snowblow and get out the door. Same for the closing numbers. Having FB lose a little more doesn't make me feel any better. Temps were just below freezing, and sure enough my 4 year old phone succumbed to shutting off. I rebooted in the car before closing, but decided that AAPL could wait another day. If this is a shorter term dip, I'd expect a dip below closing numbers in the first 30 minutes, and then a recovery. Maybe 167.5, similar to the AH numbers. Options, while relatively low, would pull to 170. On a more powerful dip, it could make it closer to the previous dip. That seems unlikely just looking at Apple, but a market pull might take it down to 160. Tons of snow today. ~30" at 7500', and more higher up the mountain. That's important because I'd like to be out first thing, so need to place an order or two tonight. I'm feeling enough conviction. Time to pull the trigger!
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