Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Apr 30, 2020 2:18:59 GMT -8
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,101
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Post by Dave on Apr 30, 2020 5:24:49 GMT -8
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,101
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Post by Dave on Apr 30, 2020 5:32:19 GMT -8
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Post by artman1033 on Apr 30, 2020 8:12:02 GMT -8
Investor Updates FY 20 Second Quarter Results
Apple’s conference call to discuss second fiscal quarter results is scheduled for Thursday, April 30, 2020 at 2:00 p.m. PT / 5:00 p.m. ET. Listen to the conference call webcast
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mark
fire starter
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Post by mark on Apr 30, 2020 8:21:04 GMT -8
I sold a few shares of Apple this morning (very few, just about 2% of holdings) to raise cash for possible upcoming opportunities.
One such opportunity that I considered this morning was buying some Tesla puts. Then I went out and looked at the prices ... they are CRAZY expensive. Not really worth it at this point.
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Apr 30, 2020 9:35:17 GMT -8
( Chart from PED) I am no fan of modeling (blind dart throwing), but these numbers seem high IMO. The indies are always crazy high (Neil Cybart has EPS *increasing* YOY LOL), but even the pros seem too optimistic. Lawdy, we're in a recession and Apple's supply chains and stores were shuttered for part of the quarter. 30 million Americans out of work is an astounding number.
I'm going to do my first model (wild-ass guess) ever. I think you lop off 10% from last year, so I see us under the pros' average guesses ($52B in revs). (Reeeeeaaaalllllly) hope I'm wrong.
Hold on to your hats!
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Post by socal Film Composer on Apr 30, 2020 11:19:37 GMT -8
This is one quarter I'm more focused on what they decide to do with the dividend and more share re-purchase programs. The call will be as interesting and instructive as whatever the headline numbers are. One wild card - is the ability of subscriptions, and services to soften the blow of other factors. Also the call will be very useful to gauge the supply-chain management, earlier in the quarter to keep up with demand, and presently and forward looking to manage the next iPhone cycle and, also the level of softness in demand in general.
Again, another wild card is the whole word at home - will be interesting to see the Macs #s and the iPad #s which tend to be more useful for work at home and video conferencing vs. the iPhone -
Good luck all, here we go!
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Post by zzmac on Apr 30, 2020 11:39:41 GMT -8
( Chart from PED) I am no fan of modeling (blind dart throwing), but these numbers seem high IMO. The indies are always crazy high (Neil Cybart has EPS *increasing* YOY LOL), but even the pros seem too optimistic. Lawdy, we're in a recession and Apple's supply chains and stores were shuttered for part of the quarter. 30 million Americans out of work is an astounding number.
I'm going to do my first model (wild-ass guess) ever. I think you lop off 10% from last year, so I see us under the pros' average guesses ($52B in revs). (Reeeeeaaaalllllly) hope I'm wrong.
Hold on to your hats! If guidance is reasonable what would you guess earnings have to come in at for the share price not to drop?
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Post by nwjade on Apr 30, 2020 11:48:18 GMT -8
It's perplexing that aapl has run from the $270's to ~$291.00 as I type in the week prior to earnings given the environment we're in and the markets down today to boot. During 'normal' times aapl is more often than not down pre-earnings. Now with lack of visibility we're up big time pre-earnings. Go figure... Maybe Qualcomm's optimistic forecast on 5g is partially figuring in here, just feels like we're really vulnerable to 'sell on the news' no matter how good after this run up into earnings. Regardless, I'm not a seller just a long time investor/worrier.
Good luck to the longs!
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Post by Luckychoices on Apr 30, 2020 11:51:41 GMT -8
I'm *never* good at accurately predicting what direction the AAPL share price may be heading over the short term, which is why I'm an AAPL Long. But it wasn't that long ago(01/03/19) that the share price closed at $142.19/share. At this moment: 1. The Dow is down -253.29 2. The Nasdaq is down -30.36 3. All the Apple Stores, except for China, are closed until early May, according to Apple. 4. Nobody can *accurately* specify when the county will be "back to normal". The AAPL share price has been up and down sporadically for quite some time but I believe this is in a large part due to folks playing the stock market equivalent of •musical chairs: Let me buy a good stock(AAPL) that has pulled back in share price...and then sell it before everyone else does so I can "lock in my profit". •a party game in which players compete for a decreasing number of chairs, the losers in successive rounds being those unable to find a chair to sit on when the accompanying music is abruptly stopped. For those and other reasons, I believe I'll just continue to be an AAPL Long. 1. If the share price goes *down* from here...oh, well...I hope it stays down through dividends so we can pick up more shares of AAPL at a lower price. 2. If the share price goes *up* from here...oh, well...my 2020 RMD is 1.9X the 2019 RMD, so a higher share price will let me satisfy it by selling fewer shares of AAPL.
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Apr 30, 2020 12:07:33 GMT -8
The close today was good with good volume. Tomorrow may be a different story.
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4aapl
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Post by 4aapl on Apr 30, 2020 12:32:10 GMT -8
I like that $300 number. The news must be good
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Post by socal Film Composer on Apr 30, 2020 12:34:18 GMT -8
unbelieable 58 BILLION in revs. whoah!!
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CdnPhoto
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Post by CdnPhoto on Apr 30, 2020 12:34:35 GMT -8
The Company posted quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.55, up 4 percent. “Despite COVID-19’ s unprecedented global impact, we’ re proud to report that Apple grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables,” said Tim Cook,...
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Apr 30, 2020 12:35:18 GMT -8
Yay yay yay!
Lawdy I never thought we'd be flirting with $300 so soon. I am very thankful. Many people hurting these days.
I don't know how Apple did it in this environment.
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CdnPhoto
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Post by CdnPhoto on Apr 30, 2020 12:35:34 GMT -8
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Post by rmhe1999 on Apr 30, 2020 12:37:07 GMT -8
CNBC headline: "Apple iPhone revenue drops 7% from last year amid coronavirus." LOL, haters gonna hate.
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CdnPhoto
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Post by CdnPhoto on Apr 30, 2020 12:38:49 GMT -8
www.apple.com/newsroom/2020/04/apple-reports-second-quarter-results/Apple today announced financial results for its fiscal 2020 second quarter ended March 28, 2020. The Company posted quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.55, up 4 percent. International sales accounted for 62 percent of the quarter’s revenue.
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Post by michelc on Apr 30, 2020 12:38:51 GMT -8
So no precision for q3
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Post by socal Film Composer on Apr 30, 2020 12:39:27 GMT -8
Like the dividend hike too! thanks AAPL - amazing they actually GREW year over year, in the midst of an apocalypse - this is proof positive the MOAT is bigger than a headline iPhone number - duh...
Search Newsroom Archive Apple TV+ Press Apple Newsroom needs your permission to enable desktop notifications when new articles are published
PRESS RELEASE April 30, 2020 Apple Reports Second Quarter Results
Total Revenue Grows, Services Revenue Reaches New All-Time High of $13.3 Billion
Cupertino, California — April 30, 2020 — Apple today announced financial results for its fiscal 2020 second quarter ended March 28, 2020. The Company posted quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.55, up 4 percent. International sales accounted for 62 percent of the quarter’s revenue. “Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables,” said Tim Cook, Apple’s CEO. “In this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative, and productive. We feel motivated and inspired to not only keep meeting these needs in innovative ways, but to continue giving back to support the global response, from the tens of millions of face masks and custom-built face shields we’ve sent to medical professionals around the world, to the millions we’ve donated to organizations like Global Citizen and America’s Food Fund.” “We are proud of our Apple teams around the world and how resilient our business and financial performance has been during these challenging times,” said Luca Maestri, Apple’s CFO. “Our active installed base of devices reached an all-time high in all of our geographic segments and all major product categories. We also generated operating cash flow of $13.3 billion during the quarter, up $2.2 billion over a year ago. We are confident in our future and continue to make significant investments in all areas of our business to enrich our customers’ lives and support our long-term plans — including our five-year commitment to contribute $350 billion to the United States economy.” Apple’s board of directors has declared a cash dividend of $0.82 per share of the Company’s common stock, an increase of 6 percent. The dividend is payable on May 14, 2020 to shareholders of record as of the close of business on May 11, 2020. The board of directors has also authorized an increase of $50 billion to the existing share repurchase program.
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Post by michelc on Apr 30, 2020 12:39:38 GMT -8
Was Way off in my PED 3.0 smack down but in a sense I’m glad!!!
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CdnPhoto
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Post by CdnPhoto on Apr 30, 2020 12:42:37 GMT -8
Buyback "only" $50B. Rumor was for $100B
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Post by socal Film Composer on Apr 30, 2020 12:47:18 GMT -8
So funny to see them take it down like this - F$&^in cnbc with their clickbait headline - unbelievable performance in a weak environment - this is a case where i'll bet by the end of the conference call we'll be back up - and tomorrow big money will be net BUYERS - part of the reason they couldn't sell as many iPhones was that they were actually SUPPLY constrained for a few weeks - remember China shut down their factories for several weeks past the usual Chinese new year holiday - and of course retail closed -
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Post by socal Film Composer on Apr 30, 2020 12:49:27 GMT -8
I think the dividend hike - a modest 6.5 percent and the smaller buyback $ is partially precedence for the future - and also optics for the market - they don't want to look like simple a greedy corporate citizen when so many are suffering - just my 2 cents...
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4aapl
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Post by 4aapl on Apr 30, 2020 12:50:00 GMT -8
And now the stock is down $6 in AH, instead of up $6 in AH that it was.
It's always fun to watch the chaos of AH, and how things play out the next day. There was a time that I played that. Now, like the 1-30 minutes before a big options expiration, I just sit back and laugh at how much the price can move with a little motivation.
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Post by elmar on Apr 30, 2020 12:53:42 GMT -8
Could it be that the AH price is also a result of the disappointing Amazon numbers?
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,101
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Post by Dave on Apr 30, 2020 13:00:42 GMT -8
Or, too many people are finding themselves on the wrong end of the trade and are unraveling their position. Tomorrow should be a very interesting day.
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Post by Luckychoices on Apr 30, 2020 13:16:26 GMT -8
Up +$6.07 at market close, now down -$5.60 as the "Musical Chairs" folks beat a hasty retreat with their "locked in" profits.
I'm sure they make money doing that, otherwise they wouldn't do it. But I'm always curious to know how much they "gamble" with their forays. What percent of their portfolio are they willing to risk? Of course, being all in on AAPL makes one endure some incredible down days but, overall, the long term increase in AAPL share price affects our entire portfolio in a good way. I'd be reluctant to even use 1% of our portfolio trying to make a quick "buy low-sell high" profit knowing I'd be taking the chance of *losing* that money permanently.
I'm definitely not a gambler. I remember going into a casino at South Shore, Lake Tahoe, almost 50 years ago, and going through a $2 roll of nickels in the nickel slots. When the nickels were gone, I was done gambling. Granted, my finances were more limited then, but I still have that same mindset.
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Post by hyci004 on Apr 30, 2020 13:28:36 GMT -8
Apple repurchased $18.5B worth of shares last quarter.
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Post by zzmac on Apr 30, 2020 13:28:55 GMT -8
Any word on guidance?
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