aapl
fire starter
Posts: 179
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Post by aapl on Aug 3, 2023 1:35:37 GMT -8
Good Morning, Apple's trading down in premarket trading at $191.80 -$.78 (-.41%) ahead of earnings release tonight.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,103
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Post by Dave on Aug 3, 2023 1:52:59 GMT -8
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Post by zebrum on Aug 3, 2023 3:46:05 GMT -8
I haven't bought a product in several years and only 1 friend bought the 15" Air so I'm a bit concerned about this quarter's sales figures. Not concerned long term though, with 3nm M3 Mac refresh and higher priced iPhone 15 on the horizon
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Post by CdnPhoto on Aug 3, 2023 4:10:42 GMT -8
I haven't bought a product in several years and only 1 friend bought the 15" Air so I'm a bit concerned about this quarter's sales figures. Not concerned long term though, with 3nm M3 Mac refresh and higher priced iPhone 15 on the horizon Now we know who to blame if we miss targets!!
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,427
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Post by chinacat on Aug 3, 2023 5:45:44 GMT -8
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Post by CdnPhoto on Aug 3, 2023 6:52:06 GMT -8
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Post by duckpins on Aug 3, 2023 9:38:30 GMT -8
Cook supposedly negotiating with Pac 10 for streaming games. Not all dumb, if they could get Walton to do more of the BBall, he is a big draw. They could turn him into a sports media star pretty easily. Good music too. Cricket wants to expand internationally/ are we going to have to listen to people tell us how popular the sport is all over the world except here? Apple has the money to provide really good live sports so...NFL and NBA, NCAA BBall march madness. Those are the ones to get. Then the world series.
You can bet the Bears are waiting to turn any news into a big negative after the bell. Lots of them upset about the AI rally as you know.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,103
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Post by Dave on Aug 3, 2023 11:02:26 GMT -8
You can bet the Bears are waiting to turn any news into a big negative after the bell. Lots of them upset about the AI rally as you know. Maximum-Pain for tomorrow is $191.77. I'm not sure of how strong of a resistance point $190 will be as it could drop below that for a while. But I'm guessing that next week will be when we see how Mr. Market really feels about AAPL's earnings report.
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Post by archibaldtuttle on Aug 3, 2023 12:05:37 GMT -8
Big pop for AMZN report so far.
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Post by CdnPhoto on Aug 3, 2023 12:33:29 GMT -8
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Post by artman1033 on Aug 3, 2023 12:46:37 GMT -8
Apple reports third quarter results Services revenue reaches new all-time high Installed base of active devices sets all-time record CUPERTINO, CALIFORNIA — Apple today announced financial results for its fiscal 2023 third quarter ended July 1, 2023. The Company posted quarterly revenue of $81.8 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.26, up 5 percent year over year. “We are happy to report that we had an all-time revenue record in Services during the June quarter, driven by over 1 billion paid subscriptions, and we saw continued strength in emerging markets thanks to robust sales of iPhone,” said Tim Cook, Apple’s CEO. “From education to the environment, we are continuing to advance our values, while championing innovation that enriches the lives of our customers and leaves the world better than we found it.” “Our June quarter year-over-year business performance improved from the March quarter, and our installed base of active devices reached an all-time high in every geographic segment,” said Luca Maestri, Apple’s CFO. “During the quarter, we generated very strong operating cash flow of $26 billion, returned over $24 billion to our shareholders, and continued to invest in our long-term growth plans.” Apple’s board of directors has declared a cash dividend of $0.24 per share of the Company’s common stock. The dividend is payable on August 17, 2023 to shareholders of record as of the close of business on August 14, 2023. Apple will provide live streaming of its Q3 2023 financial results conference call beginning at 2:00 p.m. PT on August 3, 2023 at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter. Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.
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aapl
fire starter
Posts: 179
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Post by aapl on Aug 3, 2023 12:47:36 GMT -8
After buybacks and stock based comp, diluted share count down 3% year on year. The company's net income was $1.9 BILLION per week through the first 3 quarters of this fiscal year. Doomed!
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Post by CdnPhoto on Aug 3, 2023 12:56:14 GMT -8
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Post by elmar on Aug 3, 2023 13:00:58 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Aug 3, 2023 13:21:11 GMT -8
In case I've never mentioned it before, I really hate CNBC.
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Post by incorrigible on Aug 3, 2023 13:28:17 GMT -8
In case I've never mentioned it before, I really hate CNBC. Then why do you keep watching it? :/
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Aug 3, 2023 13:45:56 GMT -8
In case I've never mentioned it before, I really hate CNBC. Then why do you keep watching it? :/ They generally have the earnings #'s quickest, so only 4X a year unless I see Munster or someone I like (it plays in a window in my trading software).
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Post by archibaldtuttle on Aug 3, 2023 13:52:07 GMT -8
Revenue growth and revenue guidance was weak. Margin and buybacks strong enough to make up for it on the EPS side. Market worried about growth (revenue) topping out.
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aapl
fire starter
Posts: 179
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Post by aapl on Aug 3, 2023 13:59:01 GMT -8
Revenue growth and revenue guidance was weak. Margin and buybacks strong enough to make up for it on the EPS side. Market worried about growth (revenue) topping out. EPS also benefited from this quarter's low tax rate (12.5%)
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aapl
fire starter
Posts: 179
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Post by aapl on Aug 3, 2023 14:04:48 GMT -8
Apologies to the longs but I need the stock price to be low tomorrow so I can complete our Roth conversions for the year. Continuing its march beyond all time highs can resume on Monday. Thanks!
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Aug 3, 2023 14:32:46 GMT -8
Apologies to the longs but I need the stock price to be low tomorrow so I can complete our Roth conversions for the year. Continuing its march beyond all time highs can resume on Monday. Thanks! No need to apologize. Though at times I want to just see AAPL go up up up, a pullback lets investors and Apple buy at a discount, if they want some more shares. I was considering buying a few shares today, though I missed the bump under 191. The kids still want some in their Roths, so I'll probably start there. And then I might buy back part of those shares I sold ~194, just for kicks. I'm not normally into the shorter term plays, but depending on how low it goes I can be tempted, especially if using the ATH as my anchor point for comparison. There's no givens, but without major outside influence it seems 50-80% likely that the pre-announcement run-up would get within a point or two of the ATH. At least. But it's hard to know for sure, in the shorter term. Maybe this was the end of the 1st half's push, and things will settle or even retreat a bit. Nothing is a straight line forever. Even light bends around a black hole.
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benoir
fire starter
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Posts: 1,318
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Post by benoir on Aug 3, 2023 17:03:37 GMT -8
I haven't listen to the earnings call, just read posts here. I guess the after hours abyss could have been deeper. $185 looked a bit ugly but not really benthic depths that the good ship, formally know as The Beleagured could have scuppered too in previous days. Too many misses, however close, for the market to handle in the after-hours. It's hard to say where the medium term is going to end up for AAPL. Targets of $220 seem a little optimistic today. However India, services and M3(I hope) are all things to to look forward to and will drive AAPL higher over time. Sentiment will likely take a hit from today and I expect APPL will remain subdued for a month or so.
I think the market(and myself) wants something more from Apple to move the needle higher. It needs a tantalising next hit or juicy acquisition(something small but strategic) to excite the market. For me thats not Vision Pro. It only seems like half an Apple product, amazing and half baked at the same time. It's something that is being released too early. I think the UI is probably good enough but the hardware seems too much like a prototype. Its a product for 2 years time.
apologies for the glass half full perspective... (empty....not full...)
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Post by Luckychoices on Aug 3, 2023 17:57:34 GMT -8
For the AAPL Longs: I'd like to point out, that even with AAPL's drop after hours...and with AMZN's increase due to their great earnings, AAPL is still far ahead of any of the other 6 stocks I've been watching when compared to their previous ATH's. Actually, for all the stocks except AAPL, it's still their ATH. Cheers to the AAPL Longs!! 😎
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Aug 4, 2023 4:21:25 GMT -8
apologies for the glass-half-full perspective...
I love that metaphor. I see the glass as half empty, my wife sees it as half full. My English professor daughter says "That glass is the wrong size" and my son says, "Hey, Milk!
With Apple, it is easy to get lost in the form. We lived through an amazing moment when Steve said, "One more thing" and we all wish for a new product that will launch us into another level. Yea, it would be nice, but it is easy to miss the impact of Apple's slow evolution across the entire product line. By the time Tim got to "one more thing" I was overwhelmed with the scope of improvements in every area of every product. Apple feels like a surging Tsunami. It is always possible that a new product will be created, one that is as different from the current product as the iPod was from the Mac. but my point is that it is not necessary. Apple can continue its dominance simply by advancing what it already has. There are still areas to be explored. Instantaneous translation ala "Babelfish", the expansion of computing power as the M series chips move to 3 nanometers and smaller technology, LLMs, and generative AI, All of these are converging. it makes me wish I had another 50 years to see where it goes.
For those young enough to see it happen, Good Luck, keep your powder dry and hold on to your Apple shares
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