aapl
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Post by aapl on Jul 26, 2024 2:48:01 GMT -8
Apple is up in the premarkets: 219.39 +$1.90 (+0.87%)
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Jul 26, 2024 5:50:55 GMT -8
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aapl
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Posts: 267
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Post by aapl on Jul 26, 2024 5:58:02 GMT -8
My vote is False. But we'll find out for real on August 1 when Tim and Luca tell us. - link
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4aapl
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Post by 4aapl on Jul 26, 2024 6:11:41 GMT -8
So much for that green. Maybe it will come back later today.
Now that we are 15 minutes into the trading day we can see updated options open interest on yahoo. Even with those big daily volumes yesterday of 100k and 75k on a call and a put, it apparently was just trading and didn't translate to much OI. It doesn't look like that will be a driving force today.
Good to see expected PCE data. It's still a strange economy, with decent job numbers and wage growth, but some drawing in spending a little, while many still on the revenge spending post-covid cycle, especially with vacations. At times we definitely live in a non-normal area that isn't a good representation of all places, but those planes to and within europe were full with travelers from everywhere, and the travelers going through TSA checkpoints were hitting new highs every day at the end of June and start of July, exceeding the old highs from 2019, so that data point helps give some color.
AAPL's RSI is down to 47.6. SPY's is right about there too, but QQQ's is just below 38. Apparently by that datapoint, the nasdaq is closer to oversold territory than AAPL.
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4aapl
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Post by 4aapl on Jul 26, 2024 6:15:43 GMT -8
My vote is False. But we'll find out for real on July 31 when Tim and Luca tell us. - linkFWIW your link gives the date of the call as
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4aapl
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Post by 4aapl on Jul 26, 2024 6:29:31 GMT -8
IDC and others, both in the US and elsewhere, don't tend to get the numbers completely right but often it is in the right ballpark. I'm guessing there is a dip there on market percentage. But it might not be much of a problem, where a shrinking percentage on growing overall sales help minimize the overall unit dip, and YOY change is what investors are more interested in. If there was a time of the year for iPhone sales to be weaker against the competition, we'd expect it to be towards the end of a yearly iPhone cycle, where the competition likely came out more recently. And then there is the whole nationalism thing, which could have even been pent up demand for a bit when there weren't top end options from China based companies. There's always going to be some fluctuations. I believe we saw the same sort of stories going into earnings last quarter, but then Apple's figures for Mainland China and Greater China didn't show a problem. I think. It's been 3 months, and I'd have to check my notes or the data again to be certain. And maybe that's how things are, that is can be made into an important datapoint at the time, but unless it is terrible or great it really just filters in to the bigger picture.
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
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Post by Dave on Jul 26, 2024 8:04:01 GMT -8
My vote is False. But we'll find out for real on July 31 when Tim and Luca tell us. - linkFWIW your link gives the date of the call as This is what I see from that link:
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4aapl
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Post by 4aapl on Jul 26, 2024 8:38:05 GMT -8
FWIW your link gives the date of the call as This is what I see from that link: Sorry, I was referring to the link that aapl posted to the earnings call. He posted that the earnings call was on the 31st, whereas the link to Apple's site says it is on the 1st.
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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 Jul 26, 2024 9:05:56 GMT -8
Sorry, my bad. I should have paid more attention to your post.
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aapl
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Posts: 267
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Post by aapl on Jul 26, 2024 9:37:55 GMT -8
My Bad...Earnings day is August 1.
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4aapl
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Post by 4aapl on Jul 26, 2024 10:13:49 GMT -8
It's interesting to look at the other articles the author wrote and linked to. The one from the end of May talks of Apple iPhone sales in China during April as being up 52%. But the one from 11 days ago, also using IDC data but before the latest one, says Apple had improved performance in China during Q2: www.investopedia.com/apple-samsung-smartphone-shipments-up-but-chinese-rivals-notch-bigger-gains-8677892I think that's what you were getting at, that it's hard to know what to believe, and conflicting reports from IDC could easily be seen as just a way to get their name out there even more. Some of these articles also show how the same data can be seen in different lights, such as more unit sales but lower marketshare.
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Post by duckpins on Jul 26, 2024 11:54:47 GMT -8
Without the buybacks where would we be?
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mark
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Post by mark on Jul 26, 2024 15:12:29 GMT -8
Without the buybacks where would we be? Probably about 20 billion shares outstanding and another $621B plus 10 years of interest in cash. Or maybe they would have chosen to give higher dividends, or shudder, a special dividend at some point.
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Post by macster on Jul 26, 2024 16:52:44 GMT -8
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Post by Luckychoices on Jul 27, 2024 0:13:26 GMT -8
AAPL was down -35% in 2002, -57% in 2008, -5% in 2015, -6.8% in 2018 and -26.8% in 2022...for a long-term AAPL investor, what may or may not happen to the AAPL share price in the next few months should be of little concern, IMO. Even with this recent pullback in AAPL share price, those of us who are long-term Apple shareholders should keep in mind that AAPL is up 32.8% so far in 2024 with a little over 5 months left in the year…and in a couple of months, the release of new iPhones equipped with Apple Intelligence will put AAPL in position for new ATH’s.
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
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Post by Dave on Jul 27, 2024 1:36:23 GMT -8
AAPL was down -35% in 2002, -57% in 2008, -5% in 2015, -6.8% in 2018 and -26.8% in 2022...for a long-term AAPL investor, what may or may not happen to the AAPL share price in the next few months should be of little concern, IMO. Even with this recent pullback in AAPL share price, those of us who are long-term Apple shareholders should keep in mind that AAPL is up 32.8% so far in 2024 with a little over 5 months left in the year…and in a couple of months, the release of new iPhones equipped with Apple Intelligence will put AAPL in position for new ATH’s. View AttachmentIt would be interesting to think about each of those years, that AAPL and the overall market, and what were the catalyst that drove the share prices down. But most of all, what caused the reversal and the new all time highs? In 2008 it was the government’s intervention, along with the Federal Reserve, that helped with the overall markets return. And for Apple, it was innovation and the opening of new markets or expansion of present markets that propelled in the other years. But most of all, what catalyst will propel AAPL’s growth now? Just a thought for discussion.
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4aapl
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Post by 4aapl on Jul 27, 2024 7:57:37 GMT -8
AAPL was down -35% in 2002, -57% in 2008, -5% in 2015, -6.8% in 2018 and -26.8% in 2022...for a long-term AAPL investor, what may or may not happen to the AAPL share price in the next few months should be of little concern, IMO. Even with this recent pullback in AAPL share price, those of us who are long-term Apple shareholders should keep in mind that AAPL is up 32.8% so far in 2024 with a little over 5 months left in the year…and in a couple of months, the release of new iPhones equipped with Apple Intelligence will put AAPL in position for new ATH’s. View AttachmentThat is a good reminder, though it is always tough to lose a bunch so quick. And that depends on how you define or feel about what a bunch is. 20 points and 8% is small compared to the recent months of upside. But dropping that much in 8 days, or 6 trading days, is a little rough. Historically, there have been much worse. Look back at around September of 2000, where it was something like 60% off in 30 days. And part of this was before the market as a whole was dropping. Currently while this negative movement (not quite a 10% correction for AAPL, only getting to -9.5% at the intraday absolutes) is across the board, even if it varies in magnitude. The Nasdaq as a whole got to -8.6%. I prefer seeing green, but these resets or retraces are part of the market, even if we haven't seen them much recently. In talking with a small group of investors recently, it sounded like they were gun-ho on a bunch of smaller stocks, and maybe at least partially trading in and out of things. But in talking with our friend later, most are more similar to this group, having positions that they have kept a long time, in their case often BRK, JPM, and some with some AAPL (most consider BRK their AAPL shares), plus a smattering of other things. This was a reminder that just like here, sometimes the market talk or "what's hot or what's not" is just them staying engaged in the market, and not really that they are trading in and out of things on a daily, weekly, or even monthly basis. Thanks for posting the chart. I hadn't seen all the yellow dots before of all of the events on the yearly chart. They don't show up for me on the longer term charts, but it is interesting that you can mouse over them and see what each was, like a price target change by an analyst.
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Post by duckpins on Jul 27, 2024 11:58:52 GMT -8
With that cash and future cash they could add shows and movies to Apple TV along with live sports to make it a must have instead of whatever it is.
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