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Post by aaplsauce on Oct 27, 2021 21:58:52 GMT -8
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Post by benoir on Oct 28, 2021 6:05:34 GMT -8
Perky shade of green this morning…. And I see artman lurking about.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Oct 28, 2021 6:12:48 GMT -8
Wow, like a big wow!
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4aapl
Moderator
Posts: 3,868
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Post by 4aapl on Oct 28, 2021 6:14:53 GMT -8
Did earnings already get released? Ahhhh, the fun of trying to find logic in the chaotic movement of a stock. Even if the old saying of "buy the rumor, sell the news" fits it best. Anticipation!
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Post by firestorm on Oct 28, 2021 7:08:53 GMT -8
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4aapl
Moderator
Posts: 3,868
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Post by 4aapl on Oct 28, 2021 7:55:23 GMT -8
Not to be greedy, but this is kinda nice.
Thanks AAPL.
In other news, buybacks potentially will be taxes. The example yahoo gave was 1%, with $600B in buybacks in the first 6 months, so $6B. They said that was a lot.
While not too significant, it seems like in the short term this could cause buybacks to be pushed forward, and in the longer term could cause the split between buybacks and dividends to be different. Not hugely different, but maybe nudged.
Whether that logic is helping AAPL today, due to Apple's large buyback history and plans, is hard to say. But it's likely just buying on expectations, while also taking into account Ford's positiveness on the chip shortage.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Oct 28, 2021 9:33:28 GMT -8
A Reminder:
it seems like AAPL has been circling around $150 forever, which has been somewhat maddening given Apple’s consistently excellent revenue performance. So it was a welcome reminder when I noticed today that the 52 week range is $107.32 - $157.26. Perspective is everything.
Looking forward to today’s report.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Oct 28, 2021 10:07:35 GMT -8
Not to be greedy, but this is kinda nice. Thanks AAPL. In other news, buybacks potentially will be taxes. The example yahoo gave was 1%, with $600B in buybacks in the first 6 months, so $6B. They said that was a lot. While not too significant, it seems like in the short term this could cause buybacks to be pushed forward, and in the longer term could cause the split between buybacks and dividends to be different. Not hugely different, but maybe nudged. Whether that logic is helping AAPL today, due to Apple's large buyback history and plans, is hard to say. But it's likely just buying on expectations, while also taking into account Ford's positiveness on the chip shortage. Elections have consequences. Just wait until Biden's antitrust guy is confirmed. But at least there are no more mean tweets. That's what really matters most to AAPL investors!
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Post by duckpins on Oct 28, 2021 10:39:06 GMT -8
I prefer dividends to buy backs, though BB helps the option investor or gambler more than dividends. Short term that is. But stop the bleeding by ending these stock option "grants" which dilute the stock EPS. Any stock option should be taxed at FDR levels.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Oct 28, 2021 10:45:53 GMT -8
Elections have consequences. Just wait until Biden's antitrust guy is confirmed. But at least there are no more mean tweets. That's what really matters most to AAPL investors! So you’re selling your AAPL, JD, or did you just come around to brighten our day?
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Post by Luckychoices on Oct 28, 2021 10:49:54 GMT -8
Not to be greedy, but this is kinda nice. Thanks AAPL. In other news, buybacks potentially will be taxes. The example yahoo gave was 1%, with $600B in buybacks in the first 6 months, so $6B. They said that was a lot. While not too significant, it seems like in the short term this could cause buybacks to be pushed forward, and in the longer term could cause the split between buybacks and dividends to be different. Not hugely different, but maybe nudged. Whether that logic is helping AAPL today, due to Apple's large buyback history and plans, is hard to say. But it's likely just buying on expectations, while also taking into account Ford's positiveness on the chip shortage. Elections have consequences. Just wait until Biden's antitrust guy is confirmed. But at least there are no more mean tweets. That's what really matters most to AAPL investors! Hi JD, Since you apparently only stop by occasionally to drop one in the punch bowl, you may have missed seeing a relatively new thread in the Dungeon named, "Moved from the daily thread". It's where posts, like the one you left this morning, are moved by the moderators when the post seems to be political...you know...political...like the one you just left this morning.
Now, personally, I think your post was spot on...and perfectly appropriate to leave in an Apple forum. /s
============================== It's well into 2021 now, and we haven't had any luck on this discussion board about Apple and AAPL Finances, with fitting in non-Apple related discussions about US Politics. Cut it out. As I've said before, "To All: Keep non-Apple SPECIFIC political stuff out of the daily thread. Thanks to name-calling and a lack of discussion, it's no longer allowed in the Dungeon either."
To this point I've only moved to deleted posts from users that can't manage to keep off-topic politics out of here. If this continues, that will change. As I said in January:
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Post by Luckychoices on Oct 28, 2021 11:14:50 GMT -8
Some AFB members are feeling the possibility of a potential AAPL surge in share price later today...and I certainly hope they're right. Perhaps the previous blowout quarters for Apple, with no corresponding increase in the AAPL share price, has made me overly suspicious. But when I see AAPL up +2.53%, behind TSLA, up +2.96...and behind FB, which is up +3.49%...I'm guessing because of the name change to Meta (😂)...I'll hold off on my cartwheels until this afternoon. Note: Loved the byline from Mashable: This will surely fix everything. 😎
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Post by hledgard on Oct 28, 2021 11:17:21 GMT -8
I love JD's posts. They are thought provoking. And the beauty is in his terse and clever wording, and that he Thinks Different ! !
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Post by Luckychoices on Oct 28, 2021 11:34:01 GMT -8
I love JD's posts. They are thought provoking. And the beauty is in his terse and clever wording, and that he Thinks Different ! ! Well, as the saying goes, "That's why they make chocolate AND vanilla ice cream"...to each, his own. The point is not whether you, or any other member, "love JD's posts", think they are "thought provoking"...as well as beautifully and cleverly written. The point is that the AFB moderators have made it perfectly clear what is and is not permissible for posting on this AAPL/Apple site. And politics is not permitted...no matter how beautifully or cleverly written. It's a rule. And if we want to remain members of this site, we're bound to follow the *rules*, or find a different site, with rules more in keeping with our attitudes and ideas.
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4aapl
Moderator
Posts: 3,868
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Post by 4aapl on Oct 28, 2021 12:01:03 GMT -8
Or we can go with Neapolitan, adding in another choice flavor and letting people have it all, while the kid inside might just rather mine out the one flavor preference.
Can't we all just get along?
Closing time! There's a song about that.
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Post by silkstone on Oct 28, 2021 12:17:06 GMT -8
After much thought and consternation Zuckerberg decided on Meta as the new name for Facebook. I wonder why he didn’t just go with the full Meta World Peace. Waiting on the big Apple earnings beat. Good luck to all.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Oct 28, 2021 12:26:54 GMT -8
For any AFB’ers who missed AFBer and excellent columnist PED’s column today, one of the comments included this from Washington Post:
The White House just released the outlines of their reworked blueprint, and it still includes:
“A new 15 percent corporate minimum tax on large corporations, part of a broader effort on the part of the White House and Democrats to address the fact some companies reduce their tax burdens to zero.”
“A new tax targeting companies that perform stock buybacks.”
This last may see Apple shift its cash flow plans away from buybacks and towards dividends. I have no support for that contention, just a feeling.”
Need to see some actual numbers to judge that.
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Post by firestorm on Oct 28, 2021 12:34:14 GMT -8
Amazon got whacked badly after hours on reports of increased costs, but their business is far different from Apple's.
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Post by archibaldtuttle on Oct 28, 2021 12:34:50 GMT -8
EPS 1.24 vs 1.24 consensus, revenue below consensus. Hopefully that means they see a lot of sales moved to next quarter.
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Ted
fire starter
Posts: 892
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Post by Ted on Oct 28, 2021 12:36:22 GMT -8
CUPERTINO, CALIFORNIA OCTOBER 28, 2021 Apple today announced financial results for its fiscal 2021 fourth quarter ended September 25, 2021. The Company posted a September quarter revenue record of $83.4 billion, up 29 percent year over year, and quarterly earnings per diluted share of $1.24. “This year we launched our most powerful products ever, from M1-powered Macs to an iPhone 13 lineup that is setting a new standard for performance and empowering our customers to create and connect in new ways,” said Tim Cook, Apple’s CEO. “We are infusing our values into everything we make — moving closer to our 2030 goal of being carbon neutral up and down our supply chain and across the lifecycle of our products, and ever advancing our mission to build a more equitable future.”
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Post by artman1033 on Oct 28, 2021 12:36:27 GMT -8
CUPERTINO, CALIFORNIA OCTOBER 28, 2021 Apple today announced financial results for its fiscal 2021 fourth quarter ended September 25, 2021. The Company posted a September quarter revenue record of $83.4 billion, up 29 percent year over year, and quarterly earnings per diluted share of $1.24. “This year we launched our most powerful products ever, from M1-powered Macs to an iPhone 13 lineup that is setting a new standard for performance and empowering our customers to create and connect in new ways,” said Tim Cook, Apple’s CEO. “We are infusing our values into everything we make — moving closer to our 2030 goal of being carbon neutral up and down our supply chain and across the lifecycle of our products, and ever advancing our mission to build a more equitable future.” “Our record September quarter results capped off a remarkable fiscal year of strong double-digit growth, during which we set new revenue records in all of our geographic segments and product categories in spite of continued uncertainty in the macro environment,” said Luca Maestri, Apple’s CFO. “The combination of our record sales performance, unmatched customer loyalty, and strength of our ecosystem drove our active installed base of devices to a new all-time high. During the September quarter, we returned over $24 billion to our shareholders, as we continue to make progress toward our goal of reaching a net cash neutral position over time.” Apple’s board of directors has declared a cash dividend of $0.22 per share of the Company’s common stock. The dividend is payable on November 11, 2021 to shareholders of record as of the close of business on November 8, 2021. Apple will provide live streaming of its Q4 2021 financial results conference call beginning at 2:00 p.m. PT on October 28, 2021 at apple.com/investor/earnings-call. This webcast will also be available for replay for approximately two weeks thereafter.
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Post by bud777 on Oct 28, 2021 12:39:17 GMT -8
Sooooooo....Easy compare for 2022?
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Post by Luckychoices on Oct 28, 2021 12:39:51 GMT -8
Oh, Apple will no longer announce their quarterly expectations? No problem...we'll just pull some Wall Street expectations out of the air, to compare against the actuals. 😂======================= Apple revenue grows 29%, but falls short of Wall Street expectationsApple (AAPL) reported its Q4 earnings after the closing bell on Thursday, missing analyst expectations on revenue, with its iPhone, Mac, and Wearables coming up short of Wall Street's estimates. Here are the most important numbers from the report compared to what what Wall Street was expecting, as compiled by Bloomberg. Revenue: $83.36 billion versus $84.68 billion expected Earnings per share: $1.24 versus $1.24 expected iPhone revenue: $38.87 billion versus $41.60 billion expected Mac Revenue: $9.18 billion versus $9.30 billion expected iPad Revenue: $8.25 billion versus $7.16 billion expected Services revenue: $18.28 billion versus $17.57 billion expected Wearables revenue: $8.79 billion versus $9.27 billion expected The big news for Apple’s Q4 will not only be how many iPhones it sold in the quarter, but the company’s commentary on the impact of the ongoing chip shortage crisis. Bloomberg reported that Apple was cutting orders for the iPhone 13 by 10 million units in early October. The chip shortage is unlikely to let up anytime soon, with estimates pointing to improvements in mid-2022 at the earliest. Apple’s Q4 generally provides an early look at how well the latest iPhone model is selling, since the phone traditionally launches in the middle of the quarter. The iPhone 13 is a moderate improvement over the iPhone 12 in terms of performance and design, but its cameras have been a major selling point. Apple also launched its Apple Watch Series 7, with a larger screen and improved durability. More recently, the company debuted its third-generation AirPods, and its new MacBook Pro 14-inch and MacBook Pro 16-inch powered by the company’s M1 Pro and M1 Max custom chips.
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Post by archibaldtuttle on Oct 28, 2021 12:55:23 GMT -8
According to CNBC, "This quarter marks the first time since April 2016 that Apple has failed to beat earnings estimates, and it’s the first time since May 2017 that Apple’s revenues have missed estimates."
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4aapl
Moderator
Posts: 3,868
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Post by 4aapl on Oct 28, 2021 13:00:40 GMT -8
Oh, Apple will no longer announce their quarterly expectations? No problem...we'll just pull some Wall Street expectations out of the air, to compare against the actuals. There is no perfect solution, but Apple at least has a little control of the situation if they give an estimate. All categories I checked have YOY gains, with iPhone revenue up 47.1% YOY!!! Macs are only up 1.9%, but that's still something. OTOH, AH is always finicky, but seems to often go against the trend at earnings time, either the day leading or day following. Someone is making money day-trading....just as someone is losing on the other side. We'll see how the call goes, and see how the next week plays out. It's never a straight line.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Oct 28, 2021 14:18:16 GMT -8
According to CNBC, "This quarter marks the first time since April 2016 that Apple has failed to beat earnings estimates, and it’s the first time since May 2017 that Apple’s revenues have missed estimates." The big question is of course "Why?". Given the robustness of the orders and the worldwide delays in various areas of the supply chain, one should likely presume that at least some of the revenues may well be made up in subsequent quarters. Obviously, the holiday quarter is always quite robust and therefore most subject to shortfall caused by any lack of supply. However, we are not talking about trinkets here. These products, from iPhones to iPads to iMacs play important roles not only in personal lives, but also in corporate operations. The only important question is how long will the worldwide component supply constraints last. The delays will certainly play some role in demand decreasing, but a large percentage of the sales will most likely be delayed and not lost, IMHO. I know everyone is likely tired of hearing this from me, but in Tim I trust, and these problems are exactly where his greatest talents lie.
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Post by silkstone on Oct 28, 2021 14:39:34 GMT -8
After much thought and consternation Zuckerberg decided on Meta as the new name for Facebook. I wonder why he didn’t just go with the full Meta World Peace. Waiting on the big Apple earnings beat. Good luck to all. Oh I know. He thinks we might think world peace every time we hear his new company name, what a genius. I’m not worried about Apple missing the revenue number, everything is just going to be that much more robust next year.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Oct 28, 2021 18:55:10 GMT -8
From Cult of Mac’s Apple’s $6 billion blues and other earnings revelations… ““We estimate the impact from supply constraints will be larger during the December quarter,” Apple CFO Luca Maestri said, with iPad facing an especially tough time. Apple’s CFO once again declined to provide revenue guidance for the coming quarter due to “continued uncertainty around the world.” But Maestri predicted revenue from every product category except for iPad will grow on a year-over-year basis.”
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mark
fire starter
Posts: 1,632
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Post by mark on Oct 28, 2021 19:07:06 GMT -8
Oh, Apple will no longer announce their quarterly expectations? No problem...we'll just pull some Wall Street expectations out of the air, to compare against the actuals. There is no perfect solution, but Apple at least has a little control of the situation if they give an estimate. All categories I checked have YOY gains, with iPhone revenue up 47.1% YOY!!! Macs are only up 1.9%, but that's still something.
OTOH, AH is always finicky, but seems to often go against the trend at earnings time, either the day leading or day following. Someone is making money day-trading....just as someone is losing on the other side. We'll see how the call goes, and see how the next week plays out. It's never a straight line. Macs will be up a LOT more than that over the next few quarters. That's because Macs were kind of stagnant until recently, and many people held off replacements (me, for example) until the new models were released.
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