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Post by aaplsauce on Jan 3, 2022 23:08:05 GMT -8
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Post by benoir on Jan 4, 2022 6:30:55 GMT -8
Was thinking about my cost basis per share today. So, ignoring inflation (being long since 2000) if I divide the total invested by number of shares held I get a cost basis of $5.20. That’s pretty good. But what’s more incredible is that the current EPS is $5.61. That means every year Apple now generates more cash than I originally invested. It like having a personal PE that’s less than 1.
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chinacat
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Post by chinacat on Jan 4, 2022 7:14:38 GMT -8
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Post by artman1033 on Jan 4, 2022 7:41:01 GMT -8
AAPL ALL TIME HIGH! $182.94 All Time Highest TODAY intraday
STAY TUNED! more to follow.....
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ono
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Post by ono on Jan 4, 2022 7:56:49 GMT -8
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JDSoCal
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Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Jan 4, 2022 8:36:00 GMT -8
Also from Apple 3.0: Apple’s scariest ad (video) I've been seeing this spot all over the telly lately, and I think it's a great ad for the 🍏 watch 7! I wonder what gave Apple the idea that fear sells. 🤔
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Post by aaplsauce on Jan 4, 2022 13:44:53 GMT -8
Regarding the watch 7 ad, I don't really see it as selling fear. I see it as selling hope. As in, hope I have an watch if I find myself in an unfortunate situation.
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Jan 4, 2022 15:01:37 GMT -8
Regarding the watch 7 ad, I don't really see it as selling fear. I see it as selling hope. As in, hope I have an watch if I find myself in an unfortunate situation. Well, if it's hope we're talking about, then Apple should sell Glocks. 🍏💰📈
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Post by bud777 on Jan 4, 2022 16:39:02 GMT -8
Hey J.D., Are you following this? Should we be concerned about it?
California Crane School, Inc. Files Class Action Lawsuit in California Alleging Google Is Paying Apple to Stay Out of the Search Engine Business
California Crane School Inc. filed a class action antitrust case [3:21-cv-10001, C.C.S.I. v Google LLC] on 12/27/21 against Google and Apple and the Chief Executive Officers of both companies alleging violations of the Antitrust Laws of the United States. The complaint charges that Google and Apple agreed that Apple would not compete in the internet search business against Google. The complaint claims that the means used to effectuate the non-compete agreement included; (1) Google would share it's search profits with Apple; (2) Apple would give preferential treatment to Google for all Apple devices; (3) regular secret meetings between the executives of both companies; (4) annual multi-billion-dollar payments by Google to Apple not to compete in the search business; (5) suppression of the competition of smaller competitors and foreclosing competitors from the search market; (6) acquiring actual and potential competitors. The complaint alleges that advertising rates are higher than rates would be in a competitive system. The complaint seeks the disgorgement of the billion-dollar payments by Google to Apple. The complaint asks for an injunction prohibiting the non-compete agreement between Google and Apple; the profit-sharing agreement; the preferential treatment for Google on Apple devices; and the payment of billions of dollars by Google to Apple. The complaint also calls for the breakup of Google into separate and independent companies and the breakup of Apple into separate and independent companies in accordance with the precedent of the breakup of Standard Oil company into Exxon, Mobile, Conoco, Amoco, Sohio, Chevron, and others.
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mark
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Post by mark on Jan 4, 2022 17:27:57 GMT -8
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chinacat
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Post by chinacat on Jan 4, 2022 18:14:45 GMT -8
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JDSoCal
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Post by JDSoCal on Jan 4, 2022 18:39:08 GMT -8
Hey J.D., Are you following this? Should we be concerned about it? California Crane School, Inc. Files Class Action Lawsuit in California Alleging Google Is Paying Apple to Stay Out of the Search Engine Business Interesting. They are certainly going big (breakup as a remedy LOL). Non-compete agreements are legal if they are reasonable (even if they tend to restrain trade - which all contracts technically do). I don't think anyone would argue that Tim Cook signing a non-compete while he works at Apple is unreasonable. So shouldn't a contractor be able to demand that as well? They're paying Apple to be the default search engine, so one could argue that Apple actually has a duty not to actively do anything that denies Google the benefit of that bargain (I'd be surprised if the plaintiffs actually have a copy of the deal). I'm sure some of Apple's deals with Intel in the past were requirements contracts, e.g., "we agree to buy all of our chip requirements from you" (a standard UCC provision). It could be a violation of the duty of good faith for Apple to make its own chips under such a regime. Anyway, Apple's obvious retort is that it allows anyone to change their search engine in iOS very easily (among the first things I did with my new iPad Pro 11" this week). And of course if another search engine wanted to outbid Google (say, Bing), it could do so. Apple also anonymizes search results, so if anything, it's made search less valuable in a way. The irony is that Apple (arguably) has to be concerned about which new markets it enters for fear of tying violations (like Microsoft OS and Internet Explorer). If Apple just had its own search engine on iOS and Mac, search engines (Google included) would cry that it was leveraging its "monopoly" and "tying" that monopoly in iOS to search. And Apple has received endless criticism for creating apps or products that some outside company already makes for iOS ("Predatory monopoly!"). So Apple is damned if it does, damned if it doesn't. But of course Apple isn't a monopoly, as there are more Androids around than iPhones.
An even bigger irony is that the very existence of Android itself was a panicked response to the iPhone; weaselly Eric Schmidt: "OMG, Steve Jobs' new product is going to destroy desktops and therefore our desktop search ad revenue!" Jobs had attempted to persuade Google not to develop a mobile operating system to rival Apple's own by promising the company it would have access to the iPhone and prime real estate on the device (now that might be an antitrust violation). Jobs was so pissed about this that he uttered his famous thermonuclear comment. But Apple came full circle and now charges Google a pretty penny for that privilege. So one can look at Android as a net revenue source for Apple, while helping it fend off the monopoly arguments. Of course, the search deal is a weird incestuous thing in that context.
I really think the biggest threat to Apple is from foreign markets, where greedy governments want to shake down Apple under the pretext of antitrust law. We're seeing this in Europe and Asia. "Nice market cap you got there. It would be a shame if anything happened to it." 🔥 We really need our government to step up and start protecting our companies, because they are in the cross hairs and this is nothing but a shakedown. Fuck around with Apple and find out! But we specialize in attacking our own companies in a circular firing squad.
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Post by hledgard on Jan 4, 2022 18:51:39 GMT -8
Very incisive post. Thanks JD !
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