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Post by hledgard on Oct 27, 2022 14:32:26 GMT -8
I am relieved. After what has happened to Facebook, Netflix, and Google, today's regular hours gave a scare. Apple did fine !
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SomeJuan
Member
Taking a nap…
Posts: 321
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Post by SomeJuan on Oct 27, 2022 14:35:24 GMT -8
And with AAPL buying back almost $100,000,000,000 of common stock per annum, i can be patient. Sorry to all the Meta, Amzn, Msft, and Goog shareholders 😒
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mark
fire starter
Posts: 1,545
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Post by mark on Oct 27, 2022 14:47:37 GMT -8
As CNBC tech nerd Steve Kovach mentioned, last Q only included 8 days of iPhone 14 sales, but "OMG Apple missed iPhone estimates by a percent" in the middle of a recession despite top and bottom line beats. Recession??? The first round of Q3 GDP numbers show growth of 2.6%. If there will be a recession it'll likely be in 2023 sometime (thanks Fed!), and hopefully will be shallow and quick. How about Bloomberg’s headline “ Apple Slips After iPhone and Services Revenue Comes in Light” This wasn’t a beat or a miss - very much in line. Slightly higher than expectations but below the “whisper number” of 1.31. I agree that it was mostly in line with expectations. The market seems to agree as well, mostly flat trading at this point. I'm slowly moving to separating out "big tech" into vastly differnet subdivisions. Is Google/FB/Amazon really "big tech" or are they mostly advertising companies (Goog, FB) and mostly a retailer (Amazon)? I know Amazon has AWS and that clearly is "tech", but it's still only a small portion of revenue (14% of revenue, 74% of profits). And Google has their cloud solution, and massive software solutions for company services, but the VAST majority of revenue is still from advertising. By the way, in an answer to one of the later questions, Tim made a masterful "throw away" comment ("Advertising is a very small ...., we don't even break it out separately") which serves as a superb rebuttal to accusations coming from FB about Apple trying to compete with them in ads, rather than truly being concerned about privacy. The other terrific statement was about buybacks. As I recall, Luca said $550B over the years at an average price of $47 or so. If I'm calculating correctly, that's an investment equivalent gain of $1.17 TRILLION!
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Oct 28, 2022 7:47:59 GMT -8
Apple GAAP EPS of $1.29 beats by $0.02, revenue of $90.15B beats by $1.38B Good thing that the Pros didn't have guesstimates as high as the independents, else we'd be seeing a miss on both EPS and Rev. Yet again, the independents were too bullish. From an investor point of view, it's good to not be such a mega fan that you guess too high. Better to have Apple and AAPL do better than your expected, than worse.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Oct 28, 2022 9:08:58 GMT -8
As CNBC tech nerd Steve Kovach mentioned, last Q only included 8 days of iPhone 14 sales, but "OMG Apple missed iPhone estimates by a percent" in the middle of a recession despite top and bottom line beats. Recession??? The first round of Q3 GDP numbers show growth of 2.6%. If there will be a recession it'll likely be in 2023 sometime (thanks Fed!), and hopefully will be shallow and quick. Uh, in Q1 and Q2 the GDP contracted. Two consecutive quarters of GDP retraction = a recession. The Q3 numbers suggest it at least paused, but we were already living through one.
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