|
Post by CdnPhoto on Feb 1, 2024 6:32:34 GMT -8
Reminder: Earnings after market close at 4:30 EST
AAPL RSI 39.22
Lots of news about apps being available on Apple Vision Pro more to come
|
|
|
Post by CdnPhoto on Feb 1, 2024 6:36:26 GMT -8
|
|
|
Post by CdnPhoto on Feb 1, 2024 6:37:35 GMT -8
|
|
|
Post by CdnPhoto on Feb 1, 2024 6:38:44 GMT -8
|
|
|
Post by CdnPhoto on Feb 1, 2024 6:39:40 GMT -8
|
|
|
Post by aaplcrazie on Feb 1, 2024 9:02:49 GMT -8
|
|
|
Post by macster on Feb 1, 2024 9:21:31 GMT -8
|
|
|
Post by CdnPhoto on Feb 1, 2024 10:41:32 GMT -8
Never heard that one before. Thanks for sharing.
|
|
|
Post by duckpins on Feb 1, 2024 12:20:33 GMT -8
That is a great ad. The Steve part anyway, don't care for the guy with the popcorn or the music. But who knows. Reports phone sales are up so we may have a beat. Keep your fingers crossed.
|
|
|
Post by CdnPhoto on Feb 1, 2024 13:04:59 GMT -8
|
|
|
Post by CdnPhoto on Feb 1, 2024 13:06:47 GMT -8
|
|
mark
fire starter
Posts: 1,552
|
Post by mark on Feb 1, 2024 13:19:21 GMT -8
Anyone looking to do an afterhours trade on potential gyrations?
|
|
|
Post by CdnPhoto on Feb 1, 2024 13:31:24 GMT -8
|
|
mark
fire starter
Posts: 1,552
|
Post by mark on Feb 1, 2024 13:39:12 GMT -8
$2.18 is higher than I had penciled in. This also brings the TTM P/E down under 30.
|
|
|
Post by artman1033 on Feb 1, 2024 13:40:40 GMT -8
|
|
|
Post by archibaldtuttle on Feb 1, 2024 13:45:06 GMT -8
The first Street interpretations I’ve seen are basically “hmm, better than expected but they’re down 1% yoy in China so they’re doomed”
|
|
mark
fire starter
Posts: 1,552
|
Post by mark on Feb 1, 2024 14:28:03 GMT -8
I couldn't resist and bought some shares at 183.40
|
|
|
Post by hledgard on Feb 1, 2024 15:37:49 GMT -8
|
|
bud777
fire starter
Posts: 1,352
|
Post by bud777 on Feb 1, 2024 16:13:43 GMT -8
The after-hours reaction to earnings seems a little overblown. -5+ on a beat. This feels like the old days when Samsung was running their FUD scam. Does anyone have a rational explanation for this irrationality? What am I missing?
|
|
|
Post by CdnPhoto on Feb 1, 2024 16:45:35 GMT -8
The after-hours reaction to earnings seems a little overblown. -5+ on a beat. This feels like the old days when Samsung was running their FUD scam. Does anyone have a rational explanation for this irrationality? What am I missing? feels irrational to me.
|
|
|
Post by Luckychoices on Feb 1, 2024 16:57:37 GMT -8
If Apple listened to outside voices when deciding what new products to bring to market, Apple and Apple investors wouldn't have benefited so spectacularly from the iPhone over the last, almost 17 years. Why are you so put off by one lukewarm review when there are so many more reviewers who were completely blown away by the experience? Remember what many so-called experts said about the iPhone before it was released? www.loopinsight.com/2012/06/29/iphone-turns-5-here-are-the-naysayers/November 16, 2006, Palm CEO, Ed Colligan “We’ve learned and struggled for a few years here figuring out how to make a decent phone. PC guys are not going to just figure this out. They’re not going to just walk in.”December 07, 2006, CNET, Michael Kanellos “Apple is slated to come out with a new phone… And it will largely fail…. Sales for the phone will skyrocket initially. However, things will calm down, and the Apple phone will take its place on the shelves with the random video cameras, cell phones, wireless routers and other would-be hits… When the iPod emerged in late 2001, it solved some major problems with MP3 players. Unfortunately for Apple, problems like that don’t exist in the handset business. Cell phones aren’t clunky, inadequate devices. Instead, they are pretty good. Really good.” December 08, 2006, Morningstar analyst, Rod Bare“The economics of something like [an Apple iPhone] aren’t that compelling.”January 15, 2007, Bloomberg, Matthew Lynn“The iPhone is nothing more than a luxury bauble that will appeal to a few gadget freaks. In terms of its impact on the industry, the iPhone is less relevant… Apple is unlikely to make much of an impact on this market… Apple will sell a few to its fans, but the iPhone won’t make a long-term mark on the industry.” January 17, 2007, Microsoft CEO, Steve Ballmer“[Apple’s iPhone] is the most expensive phone in the world and it doesn’t appeal to business customers because it doesn’t have a keyboard which makes it not a very good email machine… So, I, I kinda look at that and I say, well, I like our strategy. I like it a lot.” January 18, 2007, Microsoft Senior Marketing Director, Richard Sprague“I can’t believe the hype being given to iPhone… I just have to wonder who will want one of these things (other than the religious faithful)… So please mark this post and come back in two years to see the results of my prediction: I predict they will not sell anywhere near the 10M Jobs predicts for 2008.”
=============== I’d rather read the Vanity Fair article, “Why Tim Cook Is Going All In on the Apple Vision Pro” and pay more attention to outside voices like James Cameron and Jon Favreau. The article was referenced earlier today by aaplcrazie. “I would say my experience was religious,” the director James Cameron told me when I asked him about his first encounter with the Apple Vision Pro. “I was skeptical at first. I don’t bow down before the great god of Apple, but I was really, really blown away.” Another prominent filmmaker, Jon Favreau, offered a similar sentiment, telling me he was “blown away” by the technology and what it will do to storytelling. (Favreau created content for Apple specifically to showcase the device’s 3D capabilities, where a dinosaur climbs out of a screen and looks like it wants to eat you.) “I’m excited by what kind of story I can tell now that I couldn’t tell before now,” he said. And when I called Om Malik, who has been writing about tech since tech reporters used to write about calculators, he was even more effusive. “It’s amazing! It’s incredible!” he enthused. “You can feel a vibration in the universe!” Everyone else I’ve spoken to who has had a chance to try out the Apple Vision Pro: investors (“Whoa!”) and designers (“Wow!”) and analysts (“Ooh!”) and producers (“Ahh”). Nick Bilton, the person who wrote the Vanity Fair article commented about his experience with the AVP, “This was as far from a VR headset as a kid’s Schwinn bicycle is from a Gulfstream G800 private jet”.The AVP will get smaller and less expensive than it is now. Don’t forget many of us are investing in Apple for the long term. Massive success and acceptance of a new product sometimes takes awhile.
|
|
|
Post by archibaldtuttle on Feb 1, 2024 17:33:24 GMT -8
The after-hours reaction to earnings seems a little overblown. -5+ on a beat. This feels like the old days when Samsung was running their FUD scam. Does anyone have a rational explanation for this irrationality? What am I missing? FUD is: Apple revenue down 13% in China yoy. That's just the beginning as the Chinese government turns against Apple. Who knows how much revenue they'll lose there, ruining their growth potential.
|
|
crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
|
Post by crispin on Feb 1, 2024 18:08:58 GMT -8
Obviously it sends the delicate souls on Wall St straight to the fainting couch, but I think Apple would ultimately be in a better position if it reduced its dependence on China for driving growth. And I'm pretty sure Tim Cook is savvy enough to have understood this for quite some time. After all, an iPhone sold in India is just as good as one sold in China in my book. The after-hours reaction to earnings seems a little overblown. -5+ on a beat. This feels like the old days when Samsung was running their FUD scam. Does anyone have a rational explanation for this irrationality? What am I missing? FUD is: Apple revenue down 13% in China yoy. That's just the beginning as the Chinese government turns against Apple. Who knows how much revenue they'll lose there, ruining their growth potential.
|
|
|
Post by archibaldtuttle on Feb 1, 2024 21:18:38 GMT -8
|
|
|
Post by hrace on Feb 2, 2024 3:50:28 GMT -8
Thanks for posting this. I don’t do great at finding lots of these good posts or short videos you guys uncover. That was a pretty solid recap that was easy to understand.
|
|
bud777
fire starter
Posts: 1,352
|
Post by bud777 on Feb 2, 2024 5:47:40 GMT -8
Thank you for this, Gene has a gift for giving clear explanations and backing it up with data. If you haven't listened to this, do yourself a favor. Here is what I heard: 1. The "negative growth next quarter" is an result of a COVID related shutdown that happened a year ago, causing November sales to be included in the subsequent quarter. Since last years numbers were artificially inflated, the comparison to a normal quarter looks like negative growth. 2.The effect of the European App store decision should only affect .049% (.07*.07) if Apples revenue. 3. He believes that Apple Vision Pro will eventually account for 15% of revenue Do me a favor and listen to the clip and correct this if I got it wrong. This looks like a buying opportunity , Thanks Gene I am always surprised when the big boy with there AI tools and their algorithms miss something like this, but it is chilling evidence of the herd mentality that drives the stock price. The same thing happens when there is an extra week in the winter quarter. It reminds me of whale watching in Baja. The seas were relatively calm, the panga was stable, nothing to worry about. Then a whale surfaces close and everyone rushes to the same side of the boat, the boat tips and you just have to hang on. I think the whale laughs. Seriously, this is where money is made, exactly like this. I hope everyone is buying this dip
|
|
|
Post by CdnPhoto on Feb 2, 2024 8:49:26 GMT -8
|
|