chinacat
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AAPL Long since 2006
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Post by chinacat on May 1, 2020 20:34:05 GMT -8
appleinsider had Apple's services and wearables gamble pays off in difficult quarter. Fabulous Spouse did not finish the research to decide on her Apple Watch (which she loves) until January, but our sons' AirPod Pros (which they love) were bought in December though they did not arrive until late January. The timing of the new iPhone SE could hardly be better, providing an attractive device at a budget price. The pandemic will continue to provide headwinds, but the summer quarter is always relatively fallow prior to the big Fall releases. I am pretty clueless about the new services, not being users of any. The road ahead will not be without its bumps, but I would certainly not bet against Tim Cook having a an appealing Fall lineup ready to go, perhaps with minor delays and/or some limited availability.
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chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on May 2, 2020 7:08:13 GMT -8
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Post by socal Film Composer on May 2, 2020 8:53:31 GMT -8
Another up/down crazy week, but the direction is still UP for apple on the week. Happy for that. Going to catch up with some earnings calls this weekend - including the apple one. Hope everybody is doing OK and enjoy the relative calm in the markets.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
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Post by Dave on May 3, 2020 6:23:56 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
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Post by Dave on May 3, 2020 6:27:28 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
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Post by Dave on May 3, 2020 13:34:05 GMT -8
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chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on May 3, 2020 20:00:39 GMT -8
A week before Apple's earning report Neil Cybart had a review of Apple's stock buyback in recent years with Apple's $460 Billion Stock Buyback. Given the substantial AAPL purchases in the recent quarter by both Apple and Berkshire Hathaway (which almost seems like part of the Apple board at this point), it is worth a review of its discussion of arguments both for and against stock buybacks.
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Post by Luckychoices on May 3, 2020 21:11:24 GMT -8
Could it be that we sometimes obsess a little too much about the share price? Our 14 year old grandson, one of the four younger grandkids for whom we started a custodial account years ago, sent me a message yesterday regarding his account. I also reminded him that the share price was at $327 less than 3 months ago and is down $38 due mostly to the coronavirus shut down. His response? "Cool!" I have to agree with him. Even with the share price being down $38, his account is worth almost double of what's been invested...cool!
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benoir
fire starter
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Posts: 1,318
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Post by benoir on May 3, 2020 21:14:06 GMT -8
A week before Apple's earning report Neil Cybart had a review of Apple's stock buyback in recent years with Apple's $460 Billion Stock Buyback. Given the substantial AAPL purchases in the recent quarter by both Apple and Berkshire Hathaway (which almost seems like part of the Apple board at this point), it is worth a review of its discussion of arguments both for and against stock buybacks. I do wonder whether Apple couldn’t develop new companies and then spin them off. I don’t think Apple needs to get bigger for the sake of it, An overly diverse portfolio of product’s may make Apple too unwieldy. But perhaps Apple could use it’s DNA culture to create spin offs. So, for example, Apple has been heavily interested in renewables and generating their own power. Why not develop a renewable energy business that could be spun off? Or develop a recycling business that could be spun off. These sort of business would not compete with Apples’s core business but by using Apple’s culture DNA, they would have a great foundation. There will come a point where buy backs are less and less effective.... the last share will be worth 1.something trillion.
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mark
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Posts: 1,552
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Post by mark on May 4, 2020 9:25:34 GMT -8
A week before Apple's earning report Neil Cybart had a review of Apple's stock buyback in recent years with Apple's $460 Billion Stock Buyback. Given the substantial AAPL purchases in the recent quarter by both Apple and Berkshire Hathaway (which almost seems like part of the Apple board at this point), it is worth a review of its discussion of arguments both for and against stock buybacks. I do wonder whether Apple couldn’t develop new companies and then spin them off. I don’t think Apple needs to get bigger for the sake of it, An overly diverse portfolio of product’s may make Apple too unwieldy. But perhaps Apple could use it’s DNA culture to create spin offs. So, for example, Apple has been heavily interested in renewables and generating their own power. Why not develop a renewable energy business that could be spun off? Or develop a recycling business that could be spun off. These sort of business would not compete with Apples’s core business but by using Apple’s culture DNA, they would have a great foundation. There will come a point where buy backs are less and less effective.... the last share will be worth 1.something trillion. When something is impossible ... it doesn't happen. 😂 The second to last share couldn't be bought in this case ... also, it doesn't really work that way. If a company is worth $1T, and has 2 shares, and then gives away something worth $500B to buy back the second to last share, how could it still be worth $1T afterward? Yes, we've all heard the nonsense about how "cash is worth less than blah blah blah", but that is essentially nonsense, cash is roughly worth the numbers printed on that cash, sure it'll vary a bit with deflation and inflation, but when we say "cash", we mean "cash equivalents" which are invested in things that roughly track inflation/deflation. So in the end, cash at any instant has the same value as equivalent stock at any instant. Now the REASON companies buy back stock (or should be the reason at least) is that they believe that the value of the stock will go up faster than the value of the cash, or what that cash could be used for. In Apple's case, for example, it may even borrow money at opportunistic low rates to buy back stock, and thus not pay dividends on that bought back stock, and maybe even generate a small cash flow each quarter by issuing that cheap debt. If I recall, that's how Apple's first debt offerings went. I don't know the rates on the new debt offerings being described in the prospectus today. I completely agree with this! Right now nobody can claim Apple has a too diverse portfolio of products, and I think it should be avoided. Look at GE for example, what a disaster that ended up being (or Tyco, or many of the huge conglomerates of widely diverse products).
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Post by BillH on May 4, 2020 17:37:13 GMT -8
I completely agree with this! Right now nobody can claim Apple has a too diverse portfolio of products, and I think it should be avoided. Look at GE for example, what a disaster that ended up being (or Tyco, or many of the huge conglomerates of widely diverse products).[/quote] So, I should quit pining for their internally designed Pizza Box? Bummer.
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4aapl
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Posts: 3,622
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Post by 4aapl on May 5, 2020 14:38:17 GMT -8
So, I should quit pining for their internally designed Pizza Box? Bummer. 13 years ago, their pizza boxes were pretty plain. Something like redesigning that could be a fun intern project, but if it were anything more, I'd be worried. There are times that I wish Apple had a few more products, and I think it could be justified with the much increased volume. But I'm reminded of the request by someone at the shareholder meeting 21 or 22 years ago, which Steve called the "Samsonite Mac" Apple has done a good job of staying focused, even if some of the exceptions, like the G4 Cube, and the 20th anniversary (pre-Steve's minimized product like...I remember it at MWSF with Gil).
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Post by BillH on May 6, 2020 2:42:08 GMT -8
So, I should quit pining for their internally designed Pizza Box? Bummer. 13 years ago, their pizza boxes were pretty plain. Something like redesigning that could be a fun intern project, but if it were anything more, I'd be worried. There are times that I wish Apple had a few more products, and I think it could be justified with the much increased volume. But I'm reminded of the request by someone at the shareholder meeting 21 or 22 years ago, which Steve called the "Samsonite Mac" Apple has done a good job of staying focused, even if some of the exceptions, like the G4 Cube, and the 20th anniversary (pre-Steve's minimized product like...I remember it at MWSF with Gil). It actually exists and was "a thing" for a brief moment. This tells the story about as well as anywhere I think. Mostly I was kidding and am content to see where they take us. theoutline.com/post/1555/we-got-one-of-apple-s-patented-round-pizza-boxes?zd=1&zi=cwsrgrnp
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on May 6, 2020 6:08:15 GMT -8
13 years ago, their pizza boxes were pretty plain. Something like redesigning that could be a fun intern project, but if it were anything more, I'd be worried. There are times that I wish Apple had a few more products, and I think it could be justified with the much increased volume. But I'm reminded of the request by someone at the shareholder meeting 21 or 22 years ago, which Steve called the "Samsonite Mac" Apple has done a good job of staying focused, even if some of the exceptions, like the G4 Cube, and the 20th anniversary (pre-Steve's minimized product like...I remember it at MWSF with Gil). It actually exists and was "a thing" for a brief moment. This tells the story about as well as anywhere I think. Mostly I was kidding and am content to see where they take us. theoutline.com/post/1555/we-got-one-of-apple-s-patented-round-pizza-boxes?zd=1&zi=cwsrgrnpThanks Bill! I remember reading that now, 3 years back. Good for them! Well...I support the idea that Google follows (followed?) of spending 20% of your time on side projects. "All work and no play makes Jack a dull boy"
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mark
fire starter
Posts: 1,552
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Post by mark on May 13, 2020 8:26:00 GMT -8
Advances in pizza boxes ...
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