aapl
fire starter
Posts: 267
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Post by aapl on Jun 11, 2024 2:12:25 GMT -8
Traders will always be traders. They don't understand what was presented yesterday so they do what they do and have Apple down in the premarkets: 191.79 -$1.33 (-0.69%). I have the developer betas installed on my Mac, iPad and iPhone. Last night was poker night so I haven't had a lot of time to explore much yet but I'm liking the changes to Photos. My only device that supports Apple Intelligence is my M1 MacBook Pro so I see iPhone and iPad upgrades in my (and many other people's) future.
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Post by bud777 on Jun 11, 2024 4:06:18 GMT -8
I just watched the video of WWDC. Yesterday was my 80th Birthday and I didn't have time to watch it live. Talk about a drink from a firehose……Damn. suddenly I feel old. So much to process……Asimov said "Sufficiently advanced techology is indistinguishable from magic" and I feel things slipping away. I have nothing but respect for these guys. My first thoughts are that any apple device that isn't running on an "M" chip is going to have be replaced. This is going to make it difficult to hang on to my 11 year old iMac, iPhone SE and mini iPads. Thinking about the future of Apple, my final thought is "Raise your expectations"
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
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Post by Dave on Jun 11, 2024 5:12:32 GMT -8
Happy Birthday Bud. Remember, 80 is just another number, one of many. ![:D](//storage.proboards.com/forum/images/smiley/grin.png)
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aapl
fire starter
Posts: 267
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Post by aapl on Jun 11, 2024 5:27:32 GMT -8
Turning Green just before the markets open: $193.24 +$0.12 (+0.02%)
I would love to have be a fly on the wall of Satya Nadella's office when he got word that Apple customers are going to get the base level OpenAI services for free which will be running on his Azure Cloud. he-he
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Post by Lstream on Jun 11, 2024 5:38:31 GMT -8
Traders will always be traders. They don't understand what was presented yesterday so they do what they do and have Apple down in the premarkets: 191.79 -$1.33 (-0.69%). I have the developer betas installed on my Mac, iPad and iPhone. Last night was poker night so I haven't had a lot of time to explore much yet but I'm liking the changes to Photos. My only device that supports Apple Intelligence is my M1 MacBook Pro so I see iPhone and iPad upgrades in my (and many other people's) future. Heartwarming to see someone with their priorities straight.
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Post by CdnPhoto on Jun 11, 2024 5:39:03 GMT -8
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Post by CdnPhoto on Jun 11, 2024 5:40:21 GMT -8
At this point (197.08 +3.96 (+2.05%)) AAPL has recovered all of yesterday's losses and then some.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,230
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Post by JDSoCal on Jun 11, 2024 5:40:47 GMT -8
Interesting how sentiment magically changes once actual trading begins. 📉📈
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aapl
fire starter
Posts: 267
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Post by aapl on Jun 11, 2024 5:45:53 GMT -8
Interesting how sentiment magically changes once actual trading begins. 📉📈 Yep, now up $4.45. Today's daily email from Ben Thompson is usually behind the paywall but he posted it for all to read today - link: stratechery.com
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Post by Lstream on Jun 11, 2024 6:01:10 GMT -8
We had some “wisdom” yesterday that Wall Street was unimpressed. How’s that working out today? ![;)](//storage.proboards.com/forum/images/smiley/wink.png)
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
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Post by Dave on Jun 11, 2024 6:02:56 GMT -8
So is today the day we break through the $200 wall?
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Post by CdnPhoto on Jun 11, 2024 6:03:22 GMT -8
@artman!!
We're going to need some green pixels!!
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Post by CdnPhoto on Jun 11, 2024 6:18:01 GMT -8
Crossed the $200 mark (at least briefly)
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mark
fire starter
Posts: 1,624
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Post by mark on Jun 11, 2024 6:22:28 GMT -8
So is today the day we break through the $200 wall? Yes. 😁 But we will have to see about the close.
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mark
fire starter
Posts: 1,624
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Post by mark on Jun 11, 2024 6:35:51 GMT -8
Interesting how sentiment magically changes once actual trading begins. 📉📈 Integration with Open AI is great but not clear on the level or process . WS was not impressed. +$5 now in real trading. Wall Street was sooooo unimpressed. ![:D](//storage.proboards.com/forum/images/smiley/grin.png) Uh huh. I'm curious what y'all mean by "actual trading" and "real trading" here? I mean, yesterday's trading had a volume of 97 million, mostly in the afternoon (after the new info hit), and most of the drop happened during regular trading hours, not in after hours trading. But today is very likely a watershed moment. Seems like sentiment just turned: 1. We crossed one of those meaningless but psychologically important barriers ($200). 2. It appears that the world (at least the investing world) has bought the idea of Apple's AI solution(s). 3. Because of the new features only supporting new devices (fanciest iPhones and only recent Macs), they also believe there will be a huge upgrade cycle coming over the next year or two. These are each excellent things on their own. But they are even more excellent when they happen together!
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Post by Lstream on Jun 11, 2024 6:42:01 GMT -8
Hey Mark,
Yesterday was typical behavior where there is a sell off after a big event. No matter what is announced. I don’t consider that knee-jerk reaction to be at all meaningful. We’ve seen it over and over again.
Days following, is more meaningful. I think making some kind of “unimpressed” statement on the same day is pointless. I could be less kind on what I really think, but will exercise some restraint.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,230
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Post by JDSoCal on Jun 11, 2024 6:50:09 GMT -8
I think it would have been very hard for Apple to meet or exceed the ludicrous AI hype, sans an obviously monetized product. One could argue that is the iPhone 15 (or newer), that we’ll all need to upgrade to to appease our AI overlord. I have 14, so I’ll wait for the 16 in October.
The charging port on my 14 failed somehow while I am out of the U.S. for 2 weeks. Very lucky I was able to find a wireless charger. ⚡️
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Ted
fire starter
Posts: 890
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Post by Ted on Jun 11, 2024 7:01:41 GMT -8
One word: Wheeee!
And HBD, Bud!
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Post by Lstream on Jun 11, 2024 7:06:11 GMT -8
I posted this about a month ago. Needless to say, I think Apple has done exactly what I hoped they would do. Stay in their lane. As Ives pointed out recently, this is going to be a catalyst for a huge upgrade cycle to AI capable phones. I think he was bang on. Which is likely one of the reasons we are seeing today’s market reaction.
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Post by artman1033 on Jun 11, 2024 7:07:46 GMT -8
@artman!!We're going to need some green pixels!! PLEASE WATCH THIS SPACE!
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Post by artman1033 on Jun 11, 2024 7:11:34 GMT -8
AAPL ALL TIME HIGH! $203.96 All Time Highest TODAY intraday
66,190,000 shares traded so far today
AAPL market CAP CLOSE = $3.118 TRILLION.
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Post by Tan on Jun 11, 2024 7:23:00 GMT -8
Cars yet?
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on Jun 11, 2024 7:45:38 GMT -8
I think it would have been very hard for Apple to meet or exceed the ludicrous AI hype, sans an obviously monetized product. One could argue that is the iPhone 15 (or newer), that we’ll all need to upgrade to to appease our AI overlord. I have 14, so I’ll wait for the 16 in October. The charging port on my 14 failed somehow while I am out of the U.S. for 2 weeks. Very lucky I was able to find a wireless charger. ⚡️ Check the port. Often it starts filling with junk. Pocket lint. Sawdust. Sand. Whatever. A toothpick works well to clear it out, but I've also used other things in the kitchen like a paring knife. I like the wireless charger, though it heats up the iPhone a bit so I wonder if it will limit battery life over the years. I really like our newer wireless charger than has MagSafe magnets that lock it on. But one of my daughters has been using it, so I've been back to port based charging for 6+ months.
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Post by ericinaustin on Jun 11, 2024 7:49:46 GMT -8
Don’t jinx it!
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on Jun 11, 2024 7:54:19 GMT -8
Wow, even a touch into the $205's. The stock app showed that Elon has some issues with Apple adding AI, but it was behind the market watch paywall. Yahoo has an article on it from investing.com finance.yahoo.com/news/elon-musk-strongly-criticizes-apple-082107154.htmlPretty much it's like when cameras first came out on cell phones, even before smartphones. He's worried about it, and saying privacy could be an issue. But would this be any different from any phone accessing a server side AI? I'm looking forward to how the stock does over the next week. Seems possible to have a good week now, and then a little more upward movement until earnings around the end of July. That's a lot of time in a quiet summer season, but that also gives plenty of time for investors to digest and reevaluate, ideally by increasing P/E due to forward looking thoughts.
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on Jun 11, 2024 8:00:33 GMT -8
I'm sure he's talking about buying out Tesla to capture their AI system and power walls, and not about buying one of those 4 wheeled things. Got one of my 4 wheeled things working again. Never had a completely bad fuel injector before, even on older vehicles.
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mark
fire starter
Posts: 1,624
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Post by mark on Jun 11, 2024 8:09:44 GMT -8
I haven't listened to the entire keynote yet, but I did see a snippet. And that snippet is potentially VERY meaningful. I don't know if anyone remembers, but a few weeks (months?) ago I posted an offhand comment about how expensive Nvidia advanced processors (H100/H200 class) were when compared to Apple advanced processors (the latest M-series class), and how they have similar "size" in terms of number of gates/transistors. Well, yesterday, apparently they (Apple) let slip that they are using THEIR OWN processors at their data centers being set up for AI processing. I think that is a very interesting fact. Now, I don't think Apple will get into direct competition with Nvidia, it would be absurd to get into what eventually becomes a commodity business (with the associated low margins). But that doesn't mean that someday Apple won't compete somewhere higher up on the value ladder for "AI services".
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on Jun 11, 2024 8:35:06 GMT -8
I watched a couple car clear coat videos yesterday afternoon. As the ad, it was Apple's "5 minutes on Apple Intelligence" or something like that, just showing off the highlights. I went ahead and watched the full 4:32 of it. It was just clips right from the keynote/demo, though I swear they used some different voices for part of it. Next up was "18 highlights from WWDC". I didn't have time for that yet, but I like it when these things try to make it into the mainstream so quickly. Most people don't have time for a 2 hr keynote, but a 4.5 minute clip as a youtube ad is today's equivalent to a front page newspaper story. The high school engineering team took a redeye out to MIT for an engineering invention contest. lemelson.mit.edu/2024-inventeams I bet several of them managed to see the AI and keynote highlights already.
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Post by duckpins on Jun 11, 2024 9:49:24 GMT -8
Thanks Karnak!
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Post by duckpins on Jun 11, 2024 9:54:33 GMT -8
I have to say Kramer did a good job of explaining Apple Intelligence on his show yesterday. Turned my mood instantly optimistic. Taking out the high on the 4th try. That must mean something. A lot of bears probably shot their wad defending the 200 level. A good earnings report might create a high 30's multiple. Been a long time to get to 200 so congrats to all those waiting and those who more lower.
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