chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jun 5, 2021 5:58:48 GMT -8
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4aapl
Moderator
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Post by 4aapl on Jun 5, 2021 14:03:46 GMT -8
I finally updated to Big Sur, after sticking with 10.15.7 for a long time. While I did a backup, I forgot to just download a full installer (now through the App Store which then redirects through Software Update). I don't know if just going directly through Software Update was different, but it might have been, installing 11.3.1 (or trying to) instead of the latest 11.4.
But something got messed up in the process. I don't know what all went wrong, but Safari wasn't working, I would get a hang and then a kernel panic on attempting to reboot, and trying to get the 11.4 software update wasn't working (though often big downloads through certain methods fail for me, I think a problem/setting with out cable modem at 2gigs).
Luckily I had another bootable partition, with 10.14.x. Booting into it, I was then about the download the whole installer (over 12 gigs). Running the installer, it wasn't offering to install it on the problematic install, so I followed instructions to put it onto a jump drive. Installing from that, the install went smoothly, and everything looks to be working fine now.
There was a time when I would blindly install any updates as soon as they arrived. But, doing this for work in early 10.x.x times, and hitting a few problems at home, I now tend to wait a little. I'm still bugged with the changes into (I believe) 10.15, that caused some older applications to stop working, mainly because I was happy with my old and seldom needed Office install, for when I would very occasionally want to fire up Excel. But with this computer, I upgraded from 10.14 to 10.15 early (before I knew better about the certain applications no longer being supported), and then was happy to stay there.
As for Big Sur, it seems fine. I'm not really into the pastel colors, and the look is a little funky. I'm not really into having things change just for the sake of change. But, it is nice to know I am on the most recent OS and security updates.
We'll see what is announced this week. Though aimed mostly at developers, there's always potential for some carryover to the general user or the investor. I don't think there is enough statistical evidence looking at just the last 2 WWDC's to make the predictions that Katy did, but given the laziness of the stock for a while, there's a bit more potential. Maybe. Hopefully. But if not in the very short to short term, then in the middle to longer term.
We'll see
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jun 6, 2021 5:25:00 GMT -8
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Post by davidstevenson on Jun 6, 2021 7:49:59 GMT -8
AAPL is up over 50% in the last year (from $82). I’ll take those doldrums any year.
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4aapl
Moderator
Posts: 3,629
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Post by 4aapl on Jun 6, 2021 8:18:02 GMT -8
AAPL has to come out of the doldrums at some point. Right? Is this level really the doldrums? It's a little disappointing seeing AAPL here at this level, but when it was first hit during the last days of August as the stock was about to split, it was a fantastic level. I'd like to see some continued price appreciation, but that level was on the high side at that time, just as the $140+ peaks since then was probably on the high side too. A super-peak in the next 6 months would be very nice, personally. But I guess I see this current level as just being a little undervalued instead of being in a huge trough. Half empty/half full? The grass is always greener, vs enjoy what you've got? Maybe. It is strange times, with meme stocks, crypto and SPACs getting a boost. We're somewhere in the cycle, likely much closer to the end than the beginning of it. Things will rebalance at some point, though just like in '99 and into '00 it's hard to imagine as things are flying. That there are holdouts over the past 5 months, including some tech companies such as Apple, shows not everything is flying at the moment, and we're probably not quite at that frothy top level. OTOH, we might be nearly there on housing, at least locally. Our house "only" went up 30% YOY, but our 2nd house went up 66%. All by Zillow's guesses, which are tougher here since most houses here are custom and/or fairly unique. But even with a good influx of capital from nearby high income areas, a top will be hit at some point, but the tippy top of the peak doesn't need to be hit exactly to do fairly well. IMO due to limited supply, especially compared to nearby high income populations, I don't see things going down much here. But that depends on a few factors, including how many tech companies decide they want people onsite at least a few times a week. While drivable and doable, and we have known people that fly to Las Vegas, SoCal or AZ on a weekly basis, I'm sure it gets old after a while and makes you rethink. Each investment is a little different. I'd like to see AAPL's P/E back in the 30-35 range, or even the ~40 from that peak at the start of September. The current 28 is a bit on the low side, though it is nearly exactly where it was a year ago, after the stock had already rebounded more than 50% off the floor. With the long term perspective, I'm just happy we're well out of the beleaguered territory
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jun 6, 2021 8:48:03 GMT -8
As another member pointed out recently, AAPL split 4 for 1 at around $500 last August 31. That’s over 8 months ago, and the stock is almost exactly at the same price, relatively. Several online dictionaries define the doldrums as “A period of stagnation or slump.” Now, I am still as optimistic about Apple and AAPL as anyone, but it cannot be denied that the stock has gone nowhere in 8 months. Apple has done many positive things in that time, as evidenced by the last two boffo earnings reports. But no one can deny that those facts have not been reflected in the value of AAPL.
Am I thinking of selling? Absolutely not. The company is not stagnating, but no one can deny that the stock has been.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Jun 6, 2021 9:32:02 GMT -8
I have always seen the glass as half empty, while my wife sees it as half full. My Ph.D. daughter says "The glass is the wrong size" and my son says, "Hey, Milk!"
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4aapl
Moderator
Posts: 3,629
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Post by 4aapl on Jun 6, 2021 9:32:09 GMT -8
As another member pointed out recently, AAPL split 4 for 1 at around $500 last August 31. That’s over 8 months ago, and the stock is almost exactly at the same price, relatively. Several online dictionaries define the doldrums as “A period of stagnation or slump.” Now, I am still as optimistic about Apple and AAPL as anyone, but it cannot be denied that the stock has gone nowhere in 8 months. Apple has done many positive things in that time, as evidenced by the last two boffo earnings reports. But no one can deny that those facts have not been reflected in the value of AAPL. Am I thinking of selling? Absolutely not. The company is not stagnating, but no one can deny that the stock has been. Just as in the distant past Apple and AAPL played on a schedule based around MWSF in January, often in pair with great holiday quarter earnings, Apple and AAPL now play on the iPhone schedule. While not everything, it is the largest contributor. It seems in general the peak frenzy time is when nearing an iPhone announcement, with significant interest in new things through the rumor mill, ideally while also coming off of a decent or better iPhone year. When "super cycle" is thrown about in the month leading up to it, you know there might be some extra energy there. At least that's my guess on it. Things change over time, but often there is a relative peak around there, and often another before xmas. If selling, or writing covered calls, those are good times to strike. But at the same time, comparing other times to a frothy peak price is going to make them not look as great.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jun 6, 2021 13:00:27 GMT -8
Well, the iPhone release cycle has been around for a long time, and usually does spur an increase in both interest and investment around release time. But I don’t remember historic quarterly sales and profit results being basically ignored to the extent that we have seen in the past six months.
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Post by artman1033 on Jun 6, 2021 14:21:08 GMT -8
Taipei, June 6 (CNA) Hon Hai Precision Industry Co., the world's largest contract electronics maker, has reported the highest consolidated revenue for May in its history even though it was down from the previous month. The company's sales for last month fell 9.08 percent month-on-month but jumped 17.59 percent year-on-year in May to NT$455 billion (US$16.50 billion), the highest ever for the month of May, according to a Hon Hai statement Sunday. In the first five months of the year, Hon Hai had consolidated sales of NT$2.299 trillion, up 35.42 percent from the same period last year and also the highest ever for the period. In May, Hon Hai's four core product categories -- consumer electronics, computers and related devices, cloud technology-based devices, and electronic components -- all posted increases in sales from the previous year. Consumer electronics products posted the highest growth of the four categories in May largely because of booming sales of mobile phones, wearable devices, and game consoles. Similarly, all four core product lines posted year-on-year growth in the first five months of 2021, with the consumer products group the best performer, followed by components, cloud technology-based devices, and computers. Despite the tight supply of raw materials amid worsening COVID-19 outbreaks in Taiwan and Southeast Asia, Hon Hai's operations have gone largely unaffected because of its production capacity in other countries and regions, analysts said. They expected the company's revenue in the second quarter to end up even with or slightly higher than its revenue in the first quarter. focustaiwan.tw/business/202106060014
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Post by rezonate on Jun 7, 2021 4:26:19 GMT -8
Was reflecting how I had 200 shares of AAPL in 2006 (pre-splits) and sold to finance a house. Eventually I had to sell the house for a net $90,000 loss after 8 years. Those shares would let me purchase two of that house today, cash. Win and lose, mostly lose lately - but still moving. I’m still not back to 200 shares (post-splits) but keep adding all the time. Fool me once...
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