Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Aug 13, 2020 2:24:00 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Aug 13, 2020 2:32:24 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Aug 13, 2020 2:37:25 GMT -8
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on Aug 13, 2020 3:38:54 GMT -8
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mark
fire starter
Posts: 1,552
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Post by mark on Aug 13, 2020 5:29:55 GMT -8
Looks like we may *open* at an ATH!
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Post by artman1033 on Aug 13, 2020 5:31:04 GMT -8
AAPL ALL TIME HIGH!$464.14All Time Highest TODAY intraday 50,104,982
shares traded today +$1.966TRILLION
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4aapl
Moderator
Posts: 3,629
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Post by 4aapl on Aug 13, 2020 5:38:19 GMT -8
From Amazon's point of view, the high stock price might keep the company out of price-weighted indexes such as the Dow Jones Industrial Average . Apple is currently the highest-priced ticker in that closely watched index, and the lofty price gives Cupertino exaggerated power over the Dow's value. A 10% change in Apple's stock would move the Dow 1.1% higher or lower, assuming that the other 29 members don't change at all. After Apple's split, the same 10% move would nudge the Dow in the same direction by just 0.4%. Numbers numbers numbers I don't believe them. Let's see it actually play out, and then we'll really be able to see it. First we need a 10% gain in AAPL pre-split. And then another 10% gain in AAPL post-split. To make it easy and less dependent on non-AAPL movement, let's see those gains in single days. Experimentation! It can be fun and educational!
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 13, 2020 5:48:36 GMT -8
Ho hum, yet another ATH, and still half the month to go before the split.
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4aapl
Moderator
Posts: 3,629
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Post by 4aapl on Aug 13, 2020 5:52:37 GMT -8
My broker had a message for me about the upcoming AAPL stock split. For those that haven't been through this before, this helps answer some potential questions:
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4aapl
Moderator
Posts: 3,629
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Post by 4aapl on Aug 13, 2020 5:58:05 GMT -8
Ho hum, yet another ATH, and still half the month to go before the split. Opps, I forgot that we need to be joyful of all new highs. In the bubble cycle, not caring about new highs comes right before chucking in all limits and going in even bigger, trading a house for two tulip bulbs. Enjoy it!
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Post by socal Film Composer on Aug 13, 2020 6:11:50 GMT -8
+1 on the bundle subscription idea - I love apple music, and have a TV+ (meh so far) through a device purchase, but the one I'm on the fence with as news - a bundle would tip the scale for me - just for some of the things I'd like to have access to - i.e. Washtingon Post and the New Yorker - both hi quality sources. We already subribe to the NT Times and LA Times directly. But also the WSJ is a overpriced, and it would make sense to switch over to apple news for that one. In fact I think I just talked myself into it with out bundle - will cancel my WSJ and sucscribe to Apple News + and report back - gotta do something with these insane profits - congrats longs.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Aug 13, 2020 6:12:01 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Aug 13, 2020 6:38:59 GMT -8
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4aapl
Moderator
Posts: 3,629
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Post by 4aapl on Aug 13, 2020 6:41:35 GMT -8
Definitely time to refinance (sometimes bonds at these rates help pay off early other bonds with higher rates) or borrow, if you have the long-term perspective and don't go too crazy. Apple has learned a lot, and changed a lot, since it needed that cash influx from Microsoft back in 1997.
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Post by aaplcrazie on Aug 13, 2020 7:23:03 GMT -8
🍏 Dividends have been posted - and reinvested....
🎉 To Everyone....
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4aapl
Moderator
Posts: 3,629
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Post by 4aapl on Aug 13, 2020 7:53:07 GMT -8
This is a great day....to become a member!
Join up, and add your post to the celebration of a new ATH, as a preamble for a stock split and the new iPhone season.
Or, if you already have an account but just never post, let's change that and hear from you.
Congrats everyone! Enjoy it!
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 13, 2020 9:21:19 GMT -8
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Post by plcm123 on Aug 13, 2020 10:36:12 GMT -8
I don't understand the worries about WeChat ban causing the Chinese to abandon their iPhones.
If they've been relying solely on WeChat, they would have chosen any other smartphone even without the ban. Chinese consumer love iPhone for its status symbol and quality and how it works seamlessly with other iOS devices.
The worst case that could happen is that they will own multiple phones, iPhone and something else to use WeChat.
Meanwhile, congrats to all the longs! been holding since 2003, my, how time flies.
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Post by duckpins on Aug 13, 2020 10:54:56 GMT -8
Great idea but backwards. " A basic package will include Apple Music and Apple TV+, while a more expensive variation will have those two services and the Apple Arcade gaming service. The next tier will add Apple News+, followed by a pricier bundle with extra iCloud storage for files and photos." Music and Apple Tube should be ahead of only gaming which should be lasts. News with the magazines and storage should be first. The people who want games will pay anything for them, so with music.
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Post by hyci004 on Aug 13, 2020 11:13:17 GMT -8
FortNite has been removed from the App Store for implementing their own payment system. They know what they’re doing. They are seeking attention (free marketing?) just like the Hey! email app. Apple called Epic Game’s bluff.
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ono
Member
compensation
Posts: 537
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Post by ono on Aug 13, 2020 11:53:21 GMT -8
www.bloomberg.com/news/articles/2020-08-12/apple-s-44-billion-china-market-threatened-by-trump-wechat-ban: A survey on the twitter-like Weibo service asking consumers to choose between WeChat and their iPhones has drawn more than 1.2 million responses so far, with roughly 95% of participants saying they would rather give up their devices. “The ban will force a lot of Chinese users to switch from Apple to other brands because WeChat is really important for us,” said Sky Ding, who works in fintech in Hong Kong and originally hails from Xi’an. “My family in China are all used to WeChat and all our communication is on the platform.”
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 13, 2020 11:57:20 GMT -8
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Post by hyci004 on Aug 13, 2020 12:14:01 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Aug 13, 2020 12:55:45 GMT -8
Well yeah, no shit, and Walmart has monopoly power in its stores and I maintain a monopoly in my garage sale. And if you want to sell something in any of them, you pay what the owner demands or you GTFO!
Epic arrogantly believes it has a right to be on Apple's servers and dictate the terms.
Tim should fight this to the death.
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Post by aaplcrazie on Aug 13, 2020 13:43:30 GMT -8
Well yeah, no shit, and Walmart has monopoly power in its stores and I maintain a monopoly in my garage sale. And if you want to sell something in any of them, you pay what the owner demands or you GTFO! Epic arrogantly believes it has a right to be on Apple's servers and dictate the terms. Tim should fight this to the death.
So this is gunna be The Grown-Ups Version of Fortnite Writ Legal en Large... 1 V 1 DACM - Knife Fight in a Phone Booth..... Fights On! (Disimilar Air Combat Maneuvering)
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Post by dc930 on Aug 13, 2020 13:52:18 GMT -8
This is a great day....to become a member! Join up, and add your post to the celebration of a new ATH, as a preamble for a stock split and the new iPhone season. Or, if you already have an account but just never post, let's change that and hear from you. Congrats everyone! Enjoy it! My last post here was (checks notes) April 2014!! I started following AFB back when it was on a completely different platform... late 2000's? The remarkable performance these last few months brought me back here, and to my surprise I still remembered my login details on the first attempt. Anyway, thank you for all the insightful commentary over the years, especially the long-term members. Y'all helped me hold and add to my position over a decade ago, and it has certainly been proven correct. I must admit I sold some shares for the first time in years last week, partly due to the new (proper!) valuation, and partly to fund some home renovations. Cheers! DC
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SomeJuan
Member
Taking a nap…
Posts: 321
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Post by SomeJuan on Aug 13, 2020 14:07:19 GMT -8
I for one hope Apple pulls Epic’s code signing certificate so the ten bazillion IOS users cannot play Fortnite. And Epic had the lawsuit in hand obviously, rotten way to play this game, and it stinks to high heaven. Apple has a right to their 30%, R&D costs alone for goodness sakes, much less the marketing Apple has done to put Epic on the map. 12 hours after introduction Fornite became the #1 app in the App store, not just game, the number one App!
Hmm, i am going to open a store selling Fidget Spinners, you know, channel my inner Elon Muskness, Heck I am going to call it Musk’s Spinners. So i go out and buy some land on main street, erect a store on it, hire employees to run it, managers to oversee it, keep the staff trained, pay utilities, pay taxes (both payroll and realized profits), pay for insurance, advertising and marketing expenses, all so i can sell Fidget Spinners. And by god im going to stock Fidget Spinners from every manufacturer on earth ( all 13 million of them ) so that I have the widest selection of FS’s on this planet. I am going to to sell the hell out of them, come one come all. Musk to my surprise, lol, i hit the jackpot, Ten years goes by and we become the biggest store on earth by profit, though not by volume, you see we only sell the best Spinners, the kind you would want to play with yourself.
And while we do have competition from Eric Schmitties Spinners, our biggest competitor, people actually pay more for ours as they rarely break, are all handmade with love, and doggone it people like them, all 13 million SKU’s! And i will admit we tend to sell more of the top 10 SKU’s by volume, and yes by profit margins too, heck some of our SKU’s never sell, we just kinda give em away to keep the kiddies happy. But dang if every single one of those 13 million Fidget manufacturers aren't happy as an Apple in a fresh baked pie. Till today, sigh.
Those dadburn folks over at Wile E. Coyote inc, AKA... Acme Spinners LLC, let me know today that there was no need for our sales expertise anymore, unless i agreed to accept 20% margins vs. our agreed upon 30%. I felt blackmailed and hurt, as we had invested heavily into our relationship with them, time, R&D assistance, engineering coddling, heck we even gave them the ten best endcaps in all 935 stores around the world at no incremental costs. We are a principled company, and we treat all (mostly) our manufacturers the same, and they all had shaken our hands and agreed to 30% margins so that we could grow our business, and their’s. So we did it, sigh, we pulled all Acme Spinners off the shelves, the endcaps, put em in a big brown box and sent every dadgum one of em back to Cary, NC. I can tell you our COO Jeff Willhelm was none to pleased, but principles is business, and business has principles.
principle [ prin-suh-puhl ]
noun
an accepted or professed rule of action or conduct:
a fundamental, primary, or general law or truth from which others are derived:
a fundamental doctrine or tenet; a distinctive ruling opinion:
a personal or specific basis of conduct or management:
a guiding sense of the requirements and obligations of right conduct:
an adopted rule or method for application in :
Bon Chance Acme et al. Don't let the door...🤗
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Post by aaplcrazie on Aug 13, 2020 15:58:03 GMT -8
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Post by hyci004 on Aug 13, 2020 18:04:47 GMT -8
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on Aug 13, 2020 21:06:05 GMT -8
+1 on the bundle subscription idea - I love apple music, and have a TV+ (meh so far) through a device purchase, but the one I'm on the fence with as news - a bundle would tip the scale for me - just for some of the things I'd like to have access to - i.e. Washtingon Post and the New Yorker - both hi quality sources. We already subribe to the NT Times and LA Times directly. But also the WSJ is a overpriced, and it would make sense to switch over to apple news for that one. In fact I think I just talked myself into it with out bundle - will cancel my WSJ and sucscribe to Apple News + and report back - gotta do something with these insane profits - congrats longs. I’m with you, but am especially interested if they bundle iCloud storage with the various packages. The only thing I don’t personally care much about is Arcade. A bundle of Music, TV+, News, and 2TB iCloud space would be the bees knees in my house. I also pay for iTunes Match which feels more and more like it should just fold into Music and disappear as a stand-alone service. Very interested to see what they come up with.
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