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Post by artman1033 on Jan 29, 2020 15:24:41 GMT -8
As of January 2, 2019, 4,729,803,000 shares of Apple’s common stock were issued and outstanding. HEREAs of January 2, 2020, 4,384,027,000 shares of Apple’s common stock were issued and outstanding. HERE345,776,000 Reduction year over year. 4,375,480,000 shares of common stock were issued and outstanding as of January 17, 2020. 8,547,000 REDUCTION From January 2nd to January 17th. As always, PLEASE CHECK MY MATH.
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Jan 29, 2020 15:34:47 GMT -8
I thought Apple said all regions were up? Japan was down, YOY. Hmmm, maybe "Japan" isn't a region. They describe their regions as: - the Americas
- Europe
- Greater China
- Japan and Rest of Asia Pacific
"Rest of Asia Pacific includes Australia and those Asian countries not included in the Company’s other reportable segments" The audio podcast from the call is available from Apple at podcasts.apple.com/us/podcast/apple-quarterly-earnings-call/id74942331?i=1000463958862The TMF has a transcript (much easier to search), at www.fool.com/earnings/call-transcripts/2020/01/28/apple-inc-aapl-q1-2020-earnings-call-transcript.aspxIt looks like I must have just heard a snippet, and thought it was for everything. It's there for both Services, and Mac/iPad. Tim said: "Turning to Services. Q1 revenue reached $12.7 billion, an all-time record growing 17% over last year. Once again, we saw double-digit growth in all five of our geographic segments and established new all-time records for multiple categories, including cloud services, music, payment services and our App Store search ad business, as well as setting a December quarter record for the App Store and Apple Care." and "Mac and iPad generated $7.2 billion and $6 billion in revenue, respectively. And the high level of customer satisfaction and loyalty for both products drove the active installed base of both Mac and iPad to new records in all geographic segments." I jumped into the call late, and was distracted replying to some article of Chipotle's over 13,000 child labor law violations in Massachusetts restaurants. I must have missed the fullness of Tim's quote at the time.
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Post by artman1033 on Jan 29, 2020 18:09:15 GMT -8
"Now turning to Wearables. We had another incredible quarter setting an all-time record in virtually every market we track around the world and this product category is now the size of a Fortune 150 company." McDonalds is 149 wearables is MORE profitable than MickeyDs! MCD is valued @$160 billion......... Hmmmmmm.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jan 29, 2020 19:45:05 GMT -8
Correct, if you want to branch into the energy business and hit the ground running, you don’t buy Enron, you buy Standard Oil. 🤷🏻♂️
Buy a studio not a reseller of content.
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Post by ifan on Jan 29, 2020 20:18:48 GMT -8
I love reading all the AAPL analysis here - but it seems like a number of people don't understand the current Netflix business model. As of a few years ago when all the content/studios woke up - they slowly started dropping their distribution deals with Netflix. Netflix saw this coming and became a massive studio themselves, spending billions of dollars annually on unique content. I'm not sure if any studio (even Disney?) is spending more than Netflix will be in 2020 on original content. They aren't just a distributor/middleman anymore...they are the content creator. The largest in in the world, I believe. Another Netflix advantage right now is their ability to create localized content. Australia, Japan, etc, all have amazing content created just for them.
Apple can no longer just go out and license content for cheap, like Netflix used to do. The market is too competitive and the rates for old hit shows is absolutely outrageous. Google South Park streaming rights, Seinfeld, Friends, etc. The only solution is for Apple to buy smaller studios (like the current MGM rumor.)
That being said...I don't think Tim Cook will ever make a purchase as big as Netflix. The time to buy was 5-10 years ago. I don't think it would be a smart decision at this point. Apple will instead ramp up spending on content themselves. It will take 10+ billion a year to be competitive unless they can be extremely smart about finding hits with smaller budgets - aka the pre-ATT purchase HBO model.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jan 29, 2020 21:21:38 GMT -8
Dur hur, being a simple caveman, I don’t understand Netflix’s business model, so I’ll have trouble expressing myself polysyllabically. But I’ll try to get my abnormal 🧠 to emit some intelligible grunts.
While Netflix reports that it turns a profit in GAAP-obscured numbers, it is actually borrowing billions to do so. So in real world cash flow numbers, what this means is that Netflix BORROWS $3B annually to report $1.8B in “profit.” Netflix has negative cash flow, and will for the foreseeable future. All the while it is accumulating billions of debt.
Netflix’s hope is that this pay billions now, profit later Ponzi scheme will eventually become profitable at a time when all the major (already profitable, with decades of stockpiled content) studios are starting their own streaming services, making Netflix less relevant, not more (even Netflix has admitted this increases competition in its 10Q).
Netflix’s market share has INVERTED, going from 91% in 2007 to 19%, and its subs growth is CRATERING (down like 67% yoy, missing its own guidance by 50%). Netflix has even cooked the books on what it counts as a viewer: Anyone who has watched for TWO MINUTES. Man, must be some great shows if a “viewer” watches for 2 minutes.
Tim Cook, Man of 40% Gross Margins, and an installed base of 1.5 BILLION users, this company without a single original series I can recall off the top of my head since it lost Friends, which is burning through billions in cash like it’s Venezuelan Bolívar can all be yours for,
ONE HUNDRED AND FIFTY-FOUR BILLION DOLLARS*
*market cap (billions of debt not included in retail price).
Grunt. Me scared of 🔥.
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Post by ifan on Jan 30, 2020 9:31:12 GMT -8
I agree. For every reason you listed above, I think Netflix, at the current moment, is a horrible investment. Tim Cook won't touch it But I do think they will be a major content player for decades to come. And a competitor to Apple.
Also, after dealing with their customer service channels for a very minor billing mistake on their part, and having to escalate it all the way to office of the president, I've never seen a company with worse employee empowerment in my life. I'd never invest a penny in a company like that. When I worked for Apple we were able to do whatever was right for the customer situation. The company values are not compatible.
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