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Post by hyci004 on Mar 23, 2020 11:24:36 GMT -8
“We’re pleased to announce that the App Store will expand even farther this year with upcoming support for 20 new countries, allowing you to increase your impact and grow your business in new markets.“ developer.apple.com/news/?id=03232020a
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Mar 23, 2020 11:31:00 GMT -8
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Post by archibaldtuttle on Mar 23, 2020 11:32:34 GMT -8
"Has Apple's underlying intrinsic value changed?"
Yes! No one is out there buying Apple products right now. People are losing their jobs at a rate never before seen in this country, which means they have much less to spend on iPhones, computers, etc., which will lead to more purchases delayed, holding onto old products longer, etc.
Are millions of people thinking about upgrading their iPhone right now? I don't think so.
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Post by duckpins on Mar 23, 2020 11:58:41 GMT -8
"Has Apple's underlying intrinsic value changed?"
Cramer says the market could go down another 5000 points. Of course he says a million different things so he is right 1 of the times. Apple has an enormous opportunity to package their storage, TV, music, games, news, and other recurring charges into a 99 per year starter package that goes up to 19 a month next year. This encourages people who may have an interest in their products to buy. Also no one wants to play games and watch apple tv. The people who use these services are like health club members, most use less than they pay for. The few who don't are good advertisements. Apple should buy SIrrus radio and Netflix. There content for the TV and radio would be unmatched even by Disney. I never believed in buy backs. In fact Congress needs to stop the paying of salary in stock. That just gets a lower tax rate for the rich.
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Post by socal Film Composer on Mar 23, 2020 12:05:55 GMT -8
WalterWhite - I actually see this board as a good indicator - when the more rational, long term AAPL investors con longer discuss the company, we are closer to a bottom - i.e. maximum pain = less and less posts and anything possibly material to the stock and the stock price.
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Post by playultimate on Mar 23, 2020 12:21:33 GMT -8
"Has Apple's underlying intrinsic value changed?" Are millions of people thinking about upgrading their iPhone right now? I don't think so. Well, I'm about to buy a new 12" iPP (albeit discounted.)
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Mar 23, 2020 13:09:40 GMT -8
"Has Apple's underlying intrinsic value changed?" Yes! No one is out there buying Apple products right now. People are losing their jobs at a rate never before seen in this country, which means they have much less to spend on iPhones, computers, etc., which will lead to more purchases delayed, holding onto old products longer, etc. Are millions of people thinking about upgrading their iPhone right now? I don't think so. I know of several people buying in the last 2 weeks, and have read stories of people stuck with kids at home, in the US or abroad, buying more. But it seems like sales would likely be in the downward direction, while still existing. Like I said in the next sentence, some of this is a change of the underlying intrinsic value due to less sales (rather, the expectation of it, unless someone has actual numbers). But some is overshoot/undershoot. If Apple has plenty of cash to keep up the current aim (R&D, production, etc), then how should thing be valued 1 or 3 years from now, if there was a bad year in the middle. OTOH, if the consumer has a hard time catching up, even after 3 years while lowering purchasing for that first year, then that is a real long-term problem.
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Post by hyci004 on Mar 23, 2020 13:46:23 GMT -8
"Has Apple's underlying intrinsic value changed?" Yes! No one is out there buying Apple products right now. People are losing their jobs at a rate never before seen in this country, which means they have much less to spend on iPhones, computers, etc., which will lead to more purchases delayed, holding onto old products longer, etc. Are millions of people thinking about upgrading their iPhone right now? I don't think so. People will gravitate toward better quality items and services like Apple products when money is tight. We know that Apple has great support for new and older generation products.
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Post by silkstone on Mar 23, 2020 18:14:01 GMT -8
"Has Apple's underlying intrinsic value changed?" Yes! No one is out there buying Apple products right now. People are losing their jobs at a rate never before seen in this country, which means they have much less to spend on iPhones, computers, etc., which will lead to more purchases delayed, holding onto old products longer, etc. Are millions of people thinking about upgrading their iPhone right now? I don't think so. People will gravitate toward better quality items and services like Apple products when money is tight. We know that Apple has great support for new and older generation products. Rich people will buy whatever phone they want whenever they want it imo. People who still have their job and lifestyle intact will still buy an iPhone if they were planning to. People who have lost income or didn’t have much to begin with will delay their purchase until times improve. But....iPhone, watch, iPad sales are going to decline in a big way for this qtr. imo. I do think we will bounce back in a strong way when people start going back to work.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,050
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Post by Dave on Mar 23, 2020 18:15:37 GMT -8
I see that after hours trading closed up at $3.63 +1.62%.
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Mar 23, 2020 20:12:08 GMT -8
I see that after hours trading closed up at $3.63 +1.62%. SPY too. I'd like to be cautiously optimistic, but a lot can change overnight, and there's one more thing on the wall of worry that I didn't mention this morning. OTOH, Musk is churning out ventilators, and TP is occasionally showing up at stores. We all have our different things we look for. FaceTiming with my parents, they are doing great on food since they had to postpone a trip up to see us, but are really craving some Moose Tracks ice cream, saying at their stores ice cream is sold out. Personally, I'd like some flat or even green days in this still painful week or two, but that's a bit more to ask for than a 1.75 Qt container of frozen dessert.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,050
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Post by Dave on Mar 24, 2020 2:58:30 GMT -8
I see that after hours trading closed up at $3.63 +1.62%. SPY too. I'd like to be cautiously optimistic, but a lot can change overnight, and there's one more thing on the wall of worry that I didn't mention this morning. OTOH, Musk is churning out ventilators, and TP is occasionally showing up at stores. We all have our different things we look for. FaceTiming with my parents, they are doing great on food since they had to postpone a trip up to see us, but are really craving some Moose Tracks ice cream, saying at their stores ice cream is sold out. Personally, I'd like some flat or even green days in this still painful week or two, but that's a bit more to ask for than a 1.75 Qt container of frozen dessert. “don’t it always seem to go, ya don’t what ya got till it’s gone”. Moose Tracks sounds really good!
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