aapl
fire starter
Posts: 179
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Post by aapl on Aug 15, 2023 2:18:41 GMT -8
Good Morning, AAPL is down to $178.50 -$.96 (-0.51%) in premarket trading.
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Post by CdnPhoto on Aug 15, 2023 3:51:36 GMT -8
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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 15, 2023 5:30:33 GMT -8
Yes, it's becoming more and more difficult to kick that debt can down the road. Inflation may be the only friend that they have.
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Post by CdnPhoto on Aug 15, 2023 7:55:04 GMT -8
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Ted
fire starter
Posts: 882
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Post by Ted on Aug 15, 2023 10:05:59 GMT -8
This made me laugh out loud. Remember when Amazon's Alexa was considered a threat to Apple? arstechnica.com/gadgets/2023/08/longtime-chief-of-amazons-money-losing-hardware-business-will-depart-this-year/"As of late 2022, Amazon's Alexa had reportedly lost the company $10 billion.""Amazon's first Kindle e-readers pre-date Limp's tenure, but the company's products since then have all followed the same basic formula: to drive more sales on Amazon. Hardware like the Fire tablets, Fire TV sticks, and Echo smart speakers are essentially sold at cost, with the hopes that they'll generate revenue once they're in users' homes. The problem with that strategy is that even phenomenally successful products can fail if people use them in ways that don't make money for Amazon. That's the story of the Echo smart speaker and Alexa voice assistant, which as of late 2022 had reportedly lost Amazon some $10 billion because people mainly use Alexa to play music and check the weather and not to spend money."Who knew that profit might be important when selling products? I'll avoid commenting on the departing exec's last name...
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Aug 15, 2023 10:31:41 GMT -8
Who knew that profit might be important when selling products? OTOH if it were an Apple product, we'd say it added to the stickiness of the ecosystem. Even if people just use it as a music player, where is that music streaming from? And in that case is part of the prime membership considered a profit for the Echo, or not. Offhand I know of one person with an Echo, one person with a ton of Echos, and one person with the Apple device. It is a cool and easy and cheap way to add music to a house. Our house has a few single speakers in rooms, wired up to where a stereo could be. Even though our stereo supports multiple speaker sets and it wouldn't be too hard to run wire to the kitchen for stereo speakers, it's just easiest to listen off an iPhone, with or without an external speaker. I dislike Amazon more for the potential lack of quality and toughness of doing a search for what I want and making sure that ratings count (too many ratings migration from a previous product, I'd like to search for only items with X number of ratings, and it's always strange that adding an extra delimiter like "4+ stars" then finds more items instead of less). And I just found that a 7/16 winch cable I bought 3 years ago is really only 3/8. These might just all be little issues, but it seems like if there actually was competition from a large marketplace that could have at least half of the items, there would be good reason to look at the competition. But amazon is in a place that is pretty solid for the moment. And that's not even including it's hosting services or other interests.
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Post by duckpins on Aug 15, 2023 10:53:29 GMT -8
AAPL surfs the 100 day MA. If this hold we could see a bounce, fascinates me that the tech stocks have gone down while the hedge funds have been buying up tech, especially NVDA, which many missed. How do they do that?
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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 15, 2023 12:20:15 GMT -8
This made me laugh out loud. Remember when Amazon's Alexa was considered a threat to Apple? arstechnica.com/gadgets/2023/08/longtime-chief-of-amazons-money-losing-hardware-business-will-depart-this-year/"As of late 2022, Amazon's Alexa had reportedly lost the company $10 billion.""Amazon's first Kindle e-readers pre-date Limp's tenure, but the company's products since then have all followed the same basic formula: to drive more sales on Amazon. Hardware like the Fire tablets, Fire TV sticks, and Echo smart speakers are essentially sold at cost, with the hopes that they'll generate revenue once they're in users' homes. The problem with that strategy is that even phenomenally successful products can fail if people use them in ways that don't make money for Amazon. That's the story of the Echo smart speaker and Alexa voice assistant, which as of late 2022 had reportedly lost Amazon some $10 billion because people mainly use Alexa to play music and check the weather and not to spend money."Who knew that profit might be important when selling products? I'll avoid commenting on the departing exec's last name...Let me guess, rhymes with Bozo?
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Ted
fire starter
Posts: 882
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Post by Ted on Aug 15, 2023 13:01:33 GMT -8
This made me laugh out loud. Remember when Amazon's Alexa was considered a threat to Apple? arstechnica.com/gadgets/2023/08/longtime-chief-of-amazons-money-losing-hardware-business-will-depart-this-year/"As of late 2022, Amazon's Alexa had reportedly lost the company $10 billion.""Amazon's first Kindle e-readers pre-date Limp's tenure, but the company's products since then have all followed the same basic formula: to drive more sales on Amazon. Hardware like the Fire tablets, Fire TV sticks, and Echo smart speakers are essentially sold at cost, with the hopes that they'll generate revenue once they're in users' homes. The problem with that strategy is that even phenomenally successful products can fail if people use them in ways that don't make money for Amazon. That's the story of the Echo smart speaker and Alexa voice assistant, which as of late 2022 had reportedly lost Amazon some $10 billion because people mainly use Alexa to play music and check the weather and not to spend money."Who knew that profit might be important when selling products? I'll avoid commenting on the departing exec's last name...Let me guess, rhymes with Bozo? "Amazon senior vice president of devices and services David Limp will be leaving the company "before the end of the year," according to an Amazon spokesperson speaking to The Wall Street Journal. Limp has been with the company since 2010 and has overseen the development of major Amazon projects like the Echo smart speakers, the Alexa voice assistant, the Fire tablets and Fire TV devices, and the Amazon Appstore."
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