Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 2, 2019 3:18:24 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 2, 2019 6:07:01 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Jan 2, 2019 7:35:18 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Jan 2, 2019 8:46:54 GMT -8
I was confused by this sentence: "Apple stock will "probably get back" to its all-time high of $159.36 in 2019 or 2020, Johnson said." Neither a typo nor a split adjustment seemed to make it work.
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Post by appledoc on Jan 2, 2019 8:48:37 GMT -8
I like our chances that we are retracing the move from the fall highs to the December low.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 2, 2019 13:23:28 GMT -8
On the belief that AAPL cannot fall much further, I made my 2019 IRA transactions. 🤞
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Post by CdnPhoto on Jan 2, 2019 13:31:16 GMT -8
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Post by macster on Jan 2, 2019 13:47:56 GMT -8
5 Billion Gross revenue difference from their 1st Qtr guidance. Is it a big deal?
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Post by Odd-Lot Richard on Jan 2, 2019 13:49:33 GMT -8
On the belief that AAPL cannot fall much further, I made my 2019 IRA transactions. 🤞 Ouch?
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Post by CdnPhoto on Jan 2, 2019 13:51:27 GMT -8
below $145, and dropping.
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Post by sponge on Jan 2, 2019 13:53:56 GMT -8
Well we will get that 135 after all and some.
Too bad I was in calls.
Now just look forward to 2021, since 2019 and 2020 will suck for the stock.
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Post by rmhe1999 on Jan 2, 2019 13:55:26 GMT -8
In trying to find some positive news in leui of this news, perhaps this will serve as the final flush / capitulation in our beloved fruit stock. Also, makes for a great compare for Q1 2020. Right?!? <commencing boozing>
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Post by macster on Jan 2, 2019 13:56:45 GMT -8
I sold a bunch this morning to pay off a home equity loan. I feel no better.
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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 Jan 2, 2019 14:03:02 GMT -8
this letter is pretty suspicious...
somebody didn't get all their buy backs in, and needed to get some more out of the way.
as in...
"While it will be a number of weeks before we complete and report our final results, we wanted to get some preliminary information to you now. Our final results may differ somewhat from these preliminary estimates. "
hmmm...
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Post by joel90069 on Jan 2, 2019 14:07:47 GMT -8
I’m not sure why anyone is surprised by this. China based bloggers and vloggers have been reporting a huge increase in Chinese nationalism and xenophobia for several months. Apple is an easy target in the trade war our administration has instigated.
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Post by sponge on Jan 2, 2019 14:12:33 GMT -8
this letter is pretty suspicious... somebody didn't get all their buy backs in, and needed to get some more out of the way. as in... "While it will be a number of weeks before we complete and report our final results, we wanted to get some preliminary information to you now. Our final results may differ somewhat from these preliminary estimates. " hmmm... Agreed now that we know they bought fewer shares. I find it hard to believe they did not know this until a few weeks ago. Supply chain rumors turned to be true for once. Now Apple can buy back even more.
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Post by incorrigible on Jan 2, 2019 14:22:09 GMT -8
In trying to find some positive news in leui of this news, perhaps this will serve as the final flush / capitulation in our beloved fruit stock. Also, makes for a great compare for Q1 2020. Right?!? <commencing boozing> That's something.
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Post by dreamRaj on Jan 2, 2019 14:36:05 GMT -8
Looks like a fresh bunch of downgrades will be coming in tomorrow.
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Post by nwjade on Jan 2, 2019 14:36:25 GMT -8
In trying to find some positive news in leui of this news, perhaps this will serve as the final flush / capitulation in our beloved fruit stock. Also, makes for a great compare for Q1 2020. Right?!? <commencing boozing> That's something. I'm glad this is out there, now the earnings call first part of February can potentially be a neutral to positive event.
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Post by appledoc on Jan 2, 2019 14:37:58 GMT -8
Ouch.
But this is all temporary pain. Wonder how much the market will get dragged down because of this.
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Post by dreamRaj on Jan 2, 2019 14:40:12 GMT -8
this letter is pretty suspicious... somebody didn't get all their buy backs in, and needed to get some more out of the way. as in... "While it will be a number of weeks before we complete and report our final results, we wanted to get some preliminary information to you now. Our final results may differ somewhat from these preliminary estimates. " hmmm... Clearly, they had a fair idea of this outcome. Hence hardly any buybacks. Well, at least they can now use the ~70 bln that's left to sustain the stock.
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Post by artman1033 on Jan 2, 2019 14:44:25 GMT -8
what a strange letter.............
We expect the number of shares used in computing diluted EPS to be approximately 4.77 billion.
LAST QUARTER= 4,847,547 THOUSANDS
NET= 77,547 THOUSAND SHARES
OR 77.547 MILLION SHARES RETIRED
ON November 1st, it was "revenue to be between $89 billion and $93 billion, a new all-time record."
I am disappointed, by waiting until TODAY!
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Post by artman1033 on Jan 2, 2019 15:19:49 GMT -8
Apple plans to discuss final results during our first quarter conference call on Tuesday, January 29, 2019 at 2:00 p.m. PST / 5:00 p.m. EST .
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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 Jan 2, 2019 15:20:59 GMT -8
this letter is pretty suspicious... somebody didn't get all their buy backs in, and needed to get some more out of the way. as in... "While it will be a number of weeks before we complete and report our final results, we wanted to get some preliminary information to you now. Our final results may differ somewhat from these preliminary estimates. " hmmm... Clearly, they had a fair idea of this outcome. Hence hardly any buybacks. Well, at least they can now use the ~70 bln that's left to sustain the stock. That's one thing I'm not exactly clear on, did the letter indicate how many Buy Backs they did do in the Qtr ending Dec 29, 2018?
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Post by socal Film Composer on Jan 2, 2019 15:31:03 GMT -8
ouch - but I think it's interesting we are sitting at the recent low of 146 - either a retest or we go down from here - Tim's letter was basically an earnings release - in terms of total data points,
They are probably trying to also be as transparent as they can about all things (minus iPhone units of course)
only silver lining will be the higher EPS - and I'll be curious if the downgrades already took the guidance and weak iPhone rumor mills into their models - i.e. how much more will they pile on now?
also - what do we think of the growth in services - 20% is that a good number?
____
I think they need to release a significant new service this year to keep Wall Street interested in that new narrative. A TV streaming option would be the ticket.
long and strong - still on a relative value basis, it's very hard to bet against long term.
and finally the assembly in India will help mitigate tariff/trade war risk - but really the politics already in play via Trump have hurt the brand in China which really sucks! Thanks Mr. Pres. - way to go.
Off topic, but in my book the sooner he's out the better for our country and our trade relations.
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Post by artman1033 on Jan 2, 2019 15:31:18 GMT -8
below $145, and dropping. AFTER CUTTING Q1 EXPECTATIONS.......... REMEMBER AMERICA, APPLES'S 1ST QUARTER ENDED LAST WEEK
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Post by tuffett on Jan 2, 2019 16:00:52 GMT -8
Pretty clear that management has no clue about China, even after all these years. Also, what a complete and utter embarrassment that AirPods are still constrained after over a year.
I’m glad I sold my non-registered account shares, though a little too late around $195. I’ll keep my registered account shares for the eventual recovery.
Apple is wasting too much money on iPhone R&D that nobody really cares about anymore. People will buy their next iPhone if they are in the ecosystem and their existing phone stops working well enough. Any other reasons are now fringe casss. Jacking up the price of iPhones at a time when people care less and less about the features was a silly move. This might be the time to pull the pricing lever and go for market share (and provide a turbo boost to Services revenue).
Apple needs a new exciting product that moves the needle.
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Post by chasmac on Jan 2, 2019 16:08:06 GMT -8
How many Chinese are not buying Apple products now thanks to a stupid trade war? Sorry, but you can’t separate a company the size of Apple and with a global reach from international politics. What did anyone expect when he pissed off Apple’s number one customer? Ah diplomacy, how I miss thee.
Apple’s not the only company being affected. This could get a lot uglier.
Back to my bunker I go. Good luck.
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Post by hledgard on Jan 2, 2019 18:45:24 GMT -8
What was the revenue the previous Q1, last year?
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Post by socal Film Composer on Jan 2, 2019 19:01:56 GMT -8
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