COOK: It feels to me that China is getting the coronavirus under control. I mean, you look at the numbers, they’re coming down day by day by day, and so I’m very optimistic there. On the supplier side, we have suppliers, you know, the iPhone is built everywhere in the world. We have key components coming from the United States. We have key parts that are in China, and so on and so forth. When you look at the parts that are done in China, we have reopened factories, so the factories were able to work through conditions to reopen. They’re reopening. They’re also in ramp. And so I think this is sort of the third face of getting back to normal, and we’re in phase three of the ramp mode.
thanks for the link.... nice message from tim!
the comments, however.... urmmmm don't exactly inspire confidence with stuff like this...
Cook: "We did reopen the factories in China because we really don't care if our workers there are exposed to the virus or not. With a billion Chinese, they're easily replaceable".
Of course he's covering for his precious Chinese pals.
Can't believe anything from Apple Tim Cook or China ... Especially what "feels" to him. Reopened sweat shops
Of course this idiot would say that.
Greed is planted on this guys face
i stopped watching fox when i swung independent.... but don't remember such level of idiocy combined with vitriol in the commments.... i sure hope this is not representative of the entire viewership; where are the eloquent ones like our conservative friends here (dave, jd)?
A prolonged down turn like this probably goes on all the way to the Pre trump levels. Hate to say it but that is the destination in a prolonged drop. If there is any good news we should see optimism. But then the downgrades and predictions of a recession from GS will continue a slower decline. Don't know when is the right time to buy anything. Tread carefully.
well hold on, let's step back and put things in perspective....
stocks have been dropping only for 4 days after a face-ripping march to ATHs over several months (this despite 12th year in bull market, trade war and.... yes, coronavirus!)
....s&p back october levels (4 months ago)
....apple back to december levels (2.5 months ago)
....msft which seems to be today's atm for cash with 7% drop... is back to early jan levels (1.5 mo)
....friggin tesla isn't even down to 1-month ago levels!
granted, it's a sharp and violent correction... 10% in a week, i get it... and yet:
....10% correction in early february 2018 (tech earnings? i don't even remember what caused it)
....19-20% correction in nov-dec 2018 (mostly fed and trade war worries)... it was *this* close to being an official bear market
....7-8% correction last may (trade war escalation)... everyone here should remember well since aapl went down like 20% (215 to 173)
so you might be right, and it's the start of 'the big one'.... but i don't think we know yet....
Post by ericinaustin on Feb 27, 2020 17:01:23 GMT -5
Just can’t stand around and watch this lemming suicide. Like the p/e here. Just bought a lot for me at the close. Expect to buy more tomorrow. Where else can you own a share of the earnings of a money tree like Apple with such a rock solid balance sheet. Where else would you want to set your money for the next 12 to 24 months.
Indeed, fellow Rothchilds, nothing to fear, unless you have options (I gave up about $5-6K of house money ). But as for unrealized gains and losses, can't count those. BTFD if you have dry powder. Hard to time the exact bottom, but I've said before, this is overblown and we remain at ZERO deaths in the US. Lots of money to be made once this blows over. Just imagine when the Tesla cult begins rolling again.
As for dumb comments, seems like those are YouTube commenters, not Fox News viewers. I gave up on Fox back on 2016 when they were putting all the Never Trumpers on, who now look like useful idiots after Bernie's rise showed just how irrelevant they are. I don't have cable or satellite, and only get CNBC via Charles Schwab and some news and sports channels via internet.
But what I have seen from the news, they of course love a crisis, and they are using fear to gin up the ratings and panic. 3M up today because they sell masks.
BTFD if you have dry powder. Hard to time the exact bottom, but I've said before, this is overblown and we remain at ZERO deaths in the US. Lots of money to be made once this blows over. Just imagine when the Tesla cult begins rolling again.
jd... i hope you're right and admire your conviction, but can you explain your reason for confidence of zero deaths in the US?
Just so we’re clear, I didn’t say we’d end up with zero coronavirus deaths, just that there have been zero US deaths so far. Pretty amazing considering how many seasonal flu deaths we have this time of year.
But yeah, flu season typically peaks in February, and this has been a warm winter (go global warming, woo hoo! 👍🏻). If this were November I might feel differently.
Also, the travel ban remains in effect (14 day quarantines for those who have visited China). Yes, it isn’t perfect (supposedly some Chinese visitors sneaking in via third countries), but I think DHS has cut the flow of unfiltered travelers into the US down to a trickle. I hate to admit it, but our government, so far, knock on wood, seems to be working.
I think if this had started in Canada or Mexico I’d be more concerned.
Oh, and guys, do us all a big favor, and please cancel your cat feasts until further notice! 😿
mercel: It's been a long strange trip - good to see you're still around (and in AAPL -my assumption).
May 10, 2019 12:48:32 GMT -5
Zeke: Long time no see. Nice to see familiar names still here.
Mar 25, 2019 14:42:52 GMT -5
sponge: Regarding the future of VR, I think it will be huge. I was a gamer when I was in college. But as an adult I lost interest. Last fall I flew up to visit my son at college and check out his new Vive set up. After playing with it for the weekend, I was
Apr 29, 2018 15:25:17 GMT -5
galleybob: thanks for your answer. I will copy and send to her
Nov 7, 2017 15:32:18 GMT -5
rickag: So since Jan 28th 2015 AAPL is up from 117.27 to 157.21
Aug 21, 2017 20:09:43 GMT -5
artman1033: VXAPL = 29.21 AAPL = $117.27 AFTER EARNINGS
Jan 28, 2015 14:54:46 GMT -5
artman1033: VXAPL = 44.94 AAPL = $110.39 BEFORE EARNINGS
Jan 27, 2015 11:12:53 GMT -5