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Post by aaplsauce on Sept 9, 2021 22:13:41 GMT -8
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chinacat
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AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Sept 10, 2021 4:45:50 GMT -8
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Post by socal Film Composer on Sept 10, 2021 5:47:04 GMT -8
I love this Epic story - boy are they already to start cry uncle - what idiots - they are messing with the wrong f(&in' company IMO.
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Post by CdnPhoto on Sept 10, 2021 7:22:06 GMT -8
What happened to AAPL? Dropped suddenly. Was down over $2.00 a few seconds ago.
edit: It looks like it's related to the Epic case. Apple will have to allow 3rd parties links.
Apple won 3 of 4 points. Epic to pay Apple $12MM.
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Post by archibaldtuttle on Sept 10, 2021 7:30:38 GMT -8
Lost Epic case
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Post by aaplsauce on Sept 10, 2021 7:30:42 GMT -8
Epic decision
update: I like this partial quote from the judge referring to Apple "...success is not illegal" & "apple is not a monopoly"
I smell a buying opportunity.
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chinacat
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AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Sept 10, 2021 7:45:28 GMT -8
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Post by archibaldtuttle on Sept 10, 2021 7:54:55 GMT -8
The judge really screwed Apple on the timing of this too. Now all the press on the new iPhones tomorrow will also be mentioning their loss in court and their anti-competitive behavior. P
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macster
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Post by macster on Sept 10, 2021 7:56:28 GMT -8
3rd party purchases has already been conceded as I understand it.
Apple prevailed on 9 of 10 counts, hardly a loss. BTFD
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chinacat
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AAPL Long since 2006
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Post by chinacat on Sept 10, 2021 8:01:01 GMT -8
So much for putting $150 in the rearview mirror.
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Post by CdnPhoto on Sept 10, 2021 8:03:28 GMT -8
Bought the dip.
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mark
fire starter
Posts: 1,545
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Post by mark on Sept 10, 2021 8:05:11 GMT -8
3rd party purchases has already been conceded as I understand it. Apple prevailed on 9 of 10 counts, hardly a loss. BTFD 3rd party purchase methods was only conceded for things like streaming apps, not for game apps. But I agree that this was mostly a victory ... but that doesn't really matter right now, right now all that matters is the perception of it. And it appears that the perception for now is negative.
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Post by archibaldtuttle on Sept 10, 2021 8:11:41 GMT -8
For the big developers who can manage their own payment systems, Apple’s in app purchase revenue will dwindle. Game IAP is most of Apple’s App Store revenue. So yes, it will have an impact on Apple’s services revenue.
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Post by archibaldtuttle on Sept 10, 2021 8:26:21 GMT -8
App Store commission was about $15 billion last year (6% of Apple revenue). So let’s say 1/2 of that goes away (it might be more than half, hard to say). A 3% drop in the stock price for a 3% drop in the high margin revenue seems… fair?
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Post by deasys on Sept 10, 2021 8:39:00 GMT -8
A 3% drop in the stock price for a 3% drop in the high margin revenue seems fair. Assuming the stock price was already fair (bad assumption, IMHO), a 3% drop in stock price would only be fair for a 3% drop in EPS, not for some subset of revenue.
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Post by incorrigible on Sept 10, 2021 8:43:17 GMT -8
So much for putting $150 in the rearview mirror. A quick look at the 9/10 call option expiration prices will show that $150 or less is where AAPL will close today. Looking out to 9/17 suggests we stay at that level for at least a couple more weeks. The other "news" is just noise.
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Post by ericinaustin on Sept 10, 2021 8:59:59 GMT -8
Not really, options exp. and pricing based on that is the noise. The real issue today is the knee jerk reaction to a very good result in the epic suite for apple. Once the opinion gets widely read, this will be seen as a strong buying opportunity. Making decisions on apple stock based on options sentiment is just gambling.
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Post by duckpins on Sept 10, 2021 9:44:08 GMT -8
The judge is moving up. This about financial apps from GS etc. getting more of the pie. The idea that Apple customers want to pollute their phone with some app that grabs data from anything it can is nonsense. Maybe some of the gamers want to buy some prize so called or other to game with is possible but these folks are not the majority. Amusing the financial channels have focused on the 30% charge which is the same from MSFT, Goog, Samsung and etc.. Easy to understand 30% charge which is now 30% profit-not really as there are costs to keep the App store up and running and safe-is FAR less than MSFT's 80% take on windows or whatever their OS is today. The banks want all the money.
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4aapl
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Post by 4aapl on Sept 10, 2021 10:19:33 GMT -8
For the big developers who can manage their own payment systems, Apple’s in app purchase revenue will dwindle. Game IAP is most of Apple’s App Store revenue. So yes, it will have an impact on Apple’s services revenue. Didn't Epic say in the trial that with their own store, maybe for the console games, that it was costing them more than 30%. There's always big upfront costs in doing it right. To me it seems the problem will be not in-app purchases going to the app maker, but to a 3rd party. Paypal, or someone else, will set it up as an easy and cheap way. Maybe it costs 5%, and they charge 8-10%, giving an alternative that is cheaper, and easy for a small, medium, or large developer to utilize. Apple's problem here is trying to do the right thing of making a complete and safe space. There's general costs for startup and hosting. But then there is all the stuff that we know about but don't hear about as often or really know the costs of, like testing of 3rd party apps. The difference of 1 hr of testing vs 10 hrs is substantial. And they do this no matter if it's a completely free app, a free app with the ability to make purchases, a paid app, or a paid app with the ability to make purchases. For Apple it's a strange situation. It's nice to make a profit, but they probably still make much more profit off of HW so they could even run it at breakeven if they wanted. Each of the 4 situations above vary, and even they depend on the relative values. But if all are allowed, the ones that would be unfair to Apple would be where most or all of the payments were in-app, and done through a 3rd party where Apple didn't get any of the revenue/profit, while Apple was still providing the hosting/testing/marketplace for the base product. I can think of a few options that might make sense, like a "verified by Apple" logo, or further sandboxing of non-verified apps or add-ons. But I know enough to know others, both here and at Apple, have a lot more knowledge and experience in this area, and will come up with better solutions if they are needed. The simplest is what has happened to date, for Apple to do everything and take a cut when developers get a cut. But I'm sure a good solution will be found.
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Post by duckpins on Sept 10, 2021 10:27:40 GMT -8
This reminds me of the South's approach to labor. The Southern money wanted to break and destroy all and any unions and attempts to have one so the courts ruled the Unions had to represent those who did not pay dues and were not members the same way as they represented organized brothers and sisters. So that was a huge financial drain as anyone could file a case for wrongful dismissal, not getting a raise, etc. and the Union lawyers had to make the case for them. Totally wrong but if you want to smash the Unions...
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Post by playultimate on Sept 10, 2021 10:42:21 GMT -8
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Sept 10, 2021 10:54:13 GMT -8
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Post by playultimate on Sept 10, 2021 10:54:46 GMT -8
And Tim Sweeney is not happy with the result. Between this and the gaming limitations in China, this is not a good month for Epic Games. www.pcgamesn.com/fortnite/ios-2021
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Post by ericinaustin on Sept 10, 2021 11:33:01 GMT -8
If By consequences you mean that the United States will actually pay for the policies and programs we enact you’re right.
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4aapl
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Post by 4aapl on Sept 10, 2021 12:12:18 GMT -8
Closing down 5 points, or a little more than 3%, isn't terrible and doesn't really seem like a tradable drop. The stock is just above where it closed 2 weeks ago.
If there is followthru next week, dropping another 5 points or even down 10%, then it starts getting interesting.
We have the weekend for analysis, by investors and analysts.
And then we have the iPhone announcement on Tuesday.
On a separate note, a few different people or pieces are calling for a 10-20% drop for the market, some even guessing by the end of the year. It's shocking at first, but sometimes having it thrown out there by a few makes it not happen. Instead, we get blindsided by what no one thought was coming.
We'll see. While I dislike being down a big chunk on a day, AAPL continues to behave much better on a weekly, monthly, yearly, or decade-ly basis. And Apple continues to chug away, creating the reason for the stock to move onwards.
Thanks Apple!
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JDSoCal
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Post by JDSoCal on Sept 10, 2021 13:44:29 GMT -8
If By consequences you mean that the United States will actually pay for the policies and programs we enact you’re right. LOL, good one Eric!
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4aapl
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Post by 4aapl on Sept 10, 2021 14:36:23 GMT -8
Money, stock, gold, gems, beads, seashells.
Like thinking about the universe, minor things all float away when taking a look at the big picture.
"It's all just a game"
More fitting for Michael as Gekko, than in The Game
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crispin
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KBJ for the win. AAPL long and strong since 2000
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Post by crispin on Sept 10, 2021 14:55:25 GMT -8
A couple of small scraps for Epic, but overall I’m having trouble seeing this as anything other than a solid win for Apple.
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Post by CdnPhoto on Sept 10, 2021 15:34:31 GMT -8
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