Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,052
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Post by Dave on Jun 30, 2020 2:47:03 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,052
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Post by Dave on Jun 30, 2020 2:51:46 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,052
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Post by Dave on Jun 30, 2020 3:03:31 GMT -8
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Post by socal Film Composer on Jun 30, 2020 4:41:41 GMT -8
What a month longs! I would have been happy with a year end price of $330-340, and here we are at $360 ish. My take is that Apple Silicon and the roadmap - (i.e. that MSFT engineer/developer's tweet thread shared here a few days ago), about the amazingly organized integration of software hardware development amongst thousands of employees is unprecedented. I tend to agree. Yes, the Mac market is small in terms of revenue, but again, the more IOS and Mac OS converge they benefit each other. Now, just look forward a few more years, and remember we purchased Intels modem business last year. Imagine when apple announces Apple 5G system on a chip - basically that can build THEIR modem hardware directly into their own chip, or even include in a system on a chip I would imaging, vs. sourcing tech and components form non-intel suppliers (i.e. Qualcomm tech in 3rd party 5G modems) - that will be a huge win for Apple - not only the margin improvement, (as we will see in the Mac lineups with apple silicon) but the performance and battery enhancements will further differentiate AAPL IOS devices and OS further from the pack of copycats. Brilliant - I remember so well Steve Job's justifiable rage at google for creating Andriod - which he called a "Stolen Product" and well, he's pretty correct. www.bbc.com/news/technology-15400984Apple silicon in the smartphone, as we approach a more propriety hardware will help make android look like what it is, a copycat. Also, the price lever pulled on the new iPhone SE - released in the middle of the pandemic nonetheless (!) will prove to be a game changer for the down-market buyers of iPhones, and once Andriod folks try iPhone, there's no going back! So $360 now, and year end $400 is looking pretty rational to me.
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Post by artman1033 on Jun 30, 2020 6:34:16 GMT -8
Investor Updates FY 20 Third Quarter Results
Apple’s conference call to discuss third fiscal quarter results is scheduled for Thursday, July 30, 2020 at 2:00 p.m. PT / 5:00 p.m. ET.
Listen to the conference call webcast HERE
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Post by duckpins on Jun 30, 2020 10:50:04 GMT -8
Buying debt helps banks. That is the entire purpose of the FED.
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Post by duckpins on Jun 30, 2020 10:52:08 GMT -8
I never could understand why Cook went after Samsung instead of Google. Google stole Jobs product, not Samsung. Android was open to everyone.
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Post by Lstream on Jun 30, 2020 11:32:50 GMT -8
I never could understand why Cook went after Samsung instead of Google. Google stole Jobs product, not Samsung. Android was open to everyone. Probably because their assessment was that they had a better chance on making a patent infringement case stick. Software patents are tougher. Plus with no Android, they would be more open to anti-trust charges due to a monopoly. They probably looked that far ahead.
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Post by Luckychoices on Jun 30, 2020 11:58:55 GMT -8
I hate to continue to be "that guy" and, as I've said in previous recent posts, I do love to see the AAPL share price climb, just the same as all the other AAPL Longs on AFB. But am I alone in wondering how the market and AAPL investors could possibly think and act like the coronavirus pandemic is behind us? AAPL dropped all the way down to $224.37 on March 23rd of this year after Apple said it did not expect to meet the revenue guideline for the March quarter and the initial coronavirus outbreak in China was mostly to blame. Granted, Apple ended up beating Wall Street's targets for its coronavirus-impacted March quarter but does that mean that Apple in particular and the market in general have truly put the coronavirus impact behind as a cause for deep concern? As an AAPL Long, I'll continue to respond to AAPL's share price increasing or decreasing by doing nothing. That works just fine. But I can't help but feel that over the last five months of the year, the folks who depend on large movements of AAPL and other stock to make money will be the ones most enjoying the surges and pullbacks. Or maybe I'm completely wrong and the AAPL share price will just continue to increase with no regards to the status of this country's coronavirus pandemic. Thankfully, AAPL Longs will be fine longterm regardless. Cheers to the AAPL Longs! CDC says U.S. has 'way too much virus' to control pandemic as cases surge across countryExcerpts from the link: The coronavirus is spreading too rapidly and too broadly for the U.S. to bring it under control, Dr. Anne Schuchat, principal deputy director of the Centers for Disease Control and Prevention, said Monday.
The U.S. has set records for daily new infections in recent days as outbreaks surge mostly across the South and West. The recent spike in new cases has outpaced daily infections in April when the virus rocked Washington state and the northeast, and when public officials thought the outbreak was hitting its peak in the U.S.
"We're not in the situation of New Zealand or Singapore or Korea where a new case is rapidly identified and all the contacts are traced and people are isolated who are sick and people who are exposed are quarantined and they can keep things under control," she said in an interview with The Journal of the American Medical Association's Dr. Howard Bauchner. "We have way too much virus across the country for that right now, so it's very discouraging."
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Post by Lstream on Jun 30, 2020 12:06:06 GMT -8
I hate to continue to be "that guy" and, as I've said in previous recent posts, I do love to see the AAPL share price climb, just the same as all the other AAPL Longs on AFB. But am I alone in wondering how the market and AAPL investors could possibly think and act like the coronavirus pandemic is behind us? AAPL dropped all the way down to $224.37 on March 23rd of this year after Apple said it did not expect to meet the revenue guideline for the March quarter and the initial coronavirus outbreak in China was mostly to blame. Granted, Apple ended up beating Wall Street's targets for its coronavirus-impacted March quarter but does that mean that Apple in particular and the market in general have truly put the coronavirus impact behind as a cause for deep concern? As an AAPL Long, I'll continue to respond to AAPL's share price increasing or decreasing by doing nothing. That works just fine. But I can't help but feel that over the last five months of the year, the folks who depend on large movements of AAPL and other stock to make money will be the ones most enjoying the surges and pullbacks. Or maybe I'm completely wrong and the AAPL share price will just continue to increase with no regards to the status of this country's coronavirus pandemic. Thankfully, AAPL Longs will be fine longterm regardless. Cheers to the AAPL Longs! View AttachmentCDC says U.S. has 'way too much virus' to control pandemic as cases surge across countryExcerpts from the link: The coronavirus is spreading too rapidly and too broadly for the U.S. to bring it under control, Dr. Anne Schuchat, principal deputy director of the Centers for Disease Control and Prevention, said Monday.
The U.S. has set records for daily new infections in recent days as outbreaks surge mostly across the South and West. The recent spike in new cases has outpaced daily infections in April when the virus rocked Washington state and the northeast, and when public officials thought the outbreak was hitting its peak in the U.S.
"We're not in the situation of New Zealand or Singapore or Korea where a new case is rapidly identified and all the contacts are traced and people are isolated who are sick and people who are exposed are quarantined and they can keep things under control," she said in an interview with The Journal of the American Medical Association's Dr. Howard Bauchner. "We have way too much virus across the country for that right now, so it's very discouraging."
This kind of worry is why I did some selling a little while ago. I wanted insurance in case things turned for the worse. My feelings of negativity are countered by "where else to put money to work?" perspective. I sense that Apple has crossed that psychological barrier, where it was always thought of being the next RIM or something similar to that. So after building my insurance nest egg, I am just going to ride things out. Even if it takes a couple of years.
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Jun 30, 2020 12:23:34 GMT -8
As an AAPL Long, I'll continue to respond to AAPL's share price increasing or decreasing by doing nothing. That works just fine. But I can't help but feel that over the last five months of the year, the folks who depend on large movements of AAPL and other stock to make money will be the ones most enjoying the surges and pullbacks. Or maybe I'm completely wrong and the AAPL share price will just continue to increase with no regards to the status of this country's coronavirus pandemic. Thankfully, AAPL Longs will be fine longterm regardless. Cheers to the AAPL Longs! Investors look ahead. How far ahead is unsure, but quickly it gets to trying to pre-empt the competition, and so people look further out, or take more risks. Often that's a long term cycle, which one can really see in the frothy tops, at least in retrospect. Maybe that's buying more of what you already have, once it continues to pass "unreasonably high" levels. Or maybe that's buying something without much or any research. If it were just AAPL rising, I could start to understand by looking at the underlying user base and price levels, and if those users are as affected as the average citizen. Instead, it's mainly across the board, discounting companies more directly affected (is there a franchise of bars? What about big stadiums, conference halls, and related hotels. Circ du Solei), but giving most companies a decent rise. The indexes are doing well, though the Nasdaq with more tech companies was the one to hit new highs. People have hope, and they might not be properly discounting the need for another partial or complete lockdown if cases continue rising. OTOH, people need to know that this is still out there, and that they should continue at least some safety practices. Wearing a mask helps a lot, and adding in washing hands often and avoiding big groups, and you might be at an 80% solution. But yea, it seems like it's a fine line, and if needing money in the short term or wanting to make changes in the short term, at least a partial sell might be a good idea. There's more volatility when there are more unknowns, and we have unknowns on many fronts right now. Some will play out in days to weeks, some in months, and some in months to possibly years. Just like a couple months ago, people can speculate at what will happen, but it likely is a better bet to bet on the weatherman, in the short term.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Jun 30, 2020 12:42:35 GMT -8
One (of the many) unfortunate things about the media is they are generalists - experts in nothing - but that doesn't stop them from pontificating in areas they are ignorant. The Fed's job isn't just to "bail out" companies. The Fed has numerous policy goals, e.g., price stability, inflation control, and in this case, adding liquidity to the markets during a recession.
Correct me if I am wrong, but Apple hasn't issued bonds since February 2019; regardless, unless I missed the memo, these are not new bond issues by Apple, but rather secondary market purchases by the Fed. Which means the Fed is injecting liquidity into the market while it gets a rock-solid investment with a guaranteed return (~3%). Existing Apple bondholders the Fed buys from now have cash to spend in the economy or other investments (like Apple stock). I'm agnostic on the Fed doing this, but reporters acting as if this is some "bail out" are morons.
**
Remember, the real evil of the genesis of Android was the fact that Eric Schmidt was sitting on Apple's board when Steve first pitched the iPhone to it. Schmidt - who presciently realized that, if successful, Apple's push into mobile would kill desktop PC's, and thus desktop ads - then raced straight to Google to tell his board that they need to launch a phone platform, stat! Because a torpedo just hit the ship (desktop) that carries their entire business model. This was a breach of the fiduciary duties of a board member, and to this day I don't understand why someone didn't file the mother of all shareholder lawsuits against the little rat Schmidt. And Google just continues to be evil in several ways every day.
**
Apple beat the street in the throes of the pandemic. The bar is currently set pretty low. I'm bullish. Where else is the investor class going to go?
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Post by Lstream on Jun 30, 2020 12:45:56 GMT -8
Stop insulting rats by comparing them to Schmidt. I am OK if you flip over to dung beetles or burrowing ticks.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,052
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Post by Dave on Jun 30, 2020 13:09:08 GMT -8
While we’re on the topic, there was a big sell off at the end of the day with good volume. Someone doesn’t want to be in the stock overnight.
Where else can one run to for safe harbor? You go to what you know.
Steve should have known better than have Schmidt on the board, especially after his experiences with Gates. Just sayin.
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 309
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Post by crispin on Jun 30, 2020 14:48:54 GMT -8
You’re very much not alone in feeling that way. Obviously I wouldn’t be long Apple for twenty years if I didn’t have complete faith in the company. But the country is in such a terrible state right now, I can’t imagine that we somehow float above it completely unscathed forever. At some point it seems inevitable we’ll be pulled back into the vortex. As Apple and others close stores again, re-openings are cancelled in states, and quite possibly lockdowns return, it’ll be another kick in the guts to an already lurching economy. And I’ll do what I always do, which is mostly nothing, because despite it all I remain optimistic about the long term future of our favorite fruit. I hate to continue to be "that guy" and, as I've said in previous recent posts, I do love to see the AAPL share price climb, just the same as all the other AAPL Longs on AFB. But am I alone in wondering how the market and AAPL investors could possibly think and act like the coronavirus pandemic is behind us? AAPL dropped all the way down to $224.37 on March 23rd of this year after Apple said it did not expect to meet the revenue guideline for the March quarter and the initial coronavirus outbreak in China was mostly to blame. Granted, Apple ended up beating Wall Street's targets for its coronavirus-impacted March quarter but does that mean that Apple in particular and the market in general have truly put the coronavirus impact behind as a cause for deep concern? As an AAPL Long, I'll continue to respond to AAPL's share price increasing or decreasing by doing nothing. That works just fine. But I can't help but feel that over the last five months of the year, the folks who depend on large movements of AAPL and other stock to make money will be the ones most enjoying the surges and pullbacks. Or maybe I'm completely wrong and the AAPL share price will just continue to increase with no regards to the status of this country's coronavirus pandemic. Thankfully, AAPL Longs will be fine longterm regardless. Cheers to the AAPL Longs! View AttachmentCDC says U.S. has 'way too much virus' to control pandemic as cases surge across countryExcerpts from the link: The coronavirus is spreading too rapidly and too broadly for the U.S. to bring it under control, Dr. Anne Schuchat, principal deputy director of the Centers for Disease Control and Prevention, said Monday.
The U.S. has set records for daily new infections in recent days as outbreaks surge mostly across the South and West. The recent spike in new cases has outpaced daily infections in April when the virus rocked Washington state and the northeast, and when public officials thought the outbreak was hitting its peak in the U.S.
"We're not in the situation of New Zealand or Singapore or Korea where a new case is rapidly identified and all the contacts are traced and people are isolated who are sick and people who are exposed are quarantined and they can keep things under control," she said in an interview with The Journal of the American Medical Association's Dr. Howard Bauchner. "We have way too much virus across the country for that right now, so it's very discouraging."
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