Mav
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Post by Mav on Jul 22, 2014 13:48:14 GMT -8
Good solid quarter overall. Not all sunshine and rainbows, but mostly.
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Mav
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Post by Mav on Jul 22, 2014 13:49:57 GMT -8
the Product refresh cycle in the coming quarter is "not exactly like it was in the same quarter last year"....timing of refresh or products, I wonder....or both? I missed that part. He said that about 15 minutes ago?
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Post by dreamRaj on Jul 22, 2014 13:57:21 GMT -8
Was Gene Munster missing today? Usually, he's the one with a daring question.
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Post by PikesPique on Jul 22, 2014 13:59:02 GMT -8
He's out looking to buy an iTV
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Post by dreamRaj on Jul 22, 2014 14:02:26 GMT -8
Seems like AAPL will keep bouncing between 93 and 95 tomorrow.
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Post by mace on Jul 22, 2014 14:05:38 GMT -8
Seems like AAPL will keep bouncing between 93 and 95 tomorrow. Look like it will till next week. Any prognosis from next week onwards? Up or down or sideways till next earnings?
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Post by Red Shirted Ensign on Jul 22, 2014 14:09:17 GMT -8
the Product refresh cycle in the coming quarter is "not exactly like it was in the same quarter last year"....timing of refresh or products, I wonder....or both? I missed that part. He said that about 15 minutes ago? Here's the quote from MacRumors' transcript: "Our product cycle, don't get into specifics but this is not exactly the same cycle that we had a year ago." this could mean anything or nothing...
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Mav
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Post by Mav on Jul 22, 2014 14:09:51 GMT -8
Rangebound for a while would make a nice bullish narrative in the intermediate term.
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Mav
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Post by Mav on Jul 22, 2014 14:10:17 GMT -8
Thanks Red - I'll have to re-listen for that
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Post by Deleted on Jul 22, 2014 14:14:09 GMT -8
Looks like Apple spent half of the 12B bond money last quarter, consistent with my estimate. Apple can step in and buy if a dip comes but in late August, we could be looking back and title AAPL's post-earnings performance as "The Dip That Never Came." But that could also prove to be wishful thinking...
Apple reports near the top end of revenue guidance and it's a "miss?" MoronsInTheMedia << this domain is available btw.
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Mav
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Post by Mav on Jul 22, 2014 14:18:40 GMT -8
It's a miss vs. the consensus. A big whatever to that. AAPL doing just fine considering, though of course it's early.
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Post by jmolloy on Jul 22, 2014 14:22:25 GMT -8
Bizzarro world.
Beat on revs lose on EPS = WIN
Lose on Revs, Beat on EPS = lose!
W T F ?
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Mav
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Post by Mav on Jul 22, 2014 14:40:37 GMT -8
It's not really even a lose. As of now, it's just a retrace of some of today's gains.
In the context of AAPL's rocket launch from 75-ish, it's at least OK. It'll sink in soon enough that Samsung's in some trouble right around the time Apple's growing revenues and earnings, BEFORE iPhone 6 and all the other stuff it's got planned for the end of the yeat...
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Post by Luckychoices on Jul 22, 2014 14:45:51 GMT -8
This is too good to not share. On Reddit, the question was asked, "What is something about the company you work for that they WOULD NOT like the customer to know?"
There were several interesting responses such as:
–]IAMATruckerAMA 1676 points 8 hours ago I was in hotels for ten years. Hotels consider a night perfect if they're overbooked by 2-5 rooms. They count on no-shows to make up the difference, but they're totally OK with you not having the room you reserved. Likewise, if you booked with a third party like Expedia or Hotels.com, you are not guaranteed anything and will be last in line for everything because you're not considered a loyal customer.
But the best one was clearly this one: [–]franklin_stubbs 972 points 8 hours ago I'm an analyst and supposed to be an expert in my field. The reality is I don't know shit and make up most of what I do. I'm starting to think all my coworkers are this way as well. We're just professional bullshitters.
Now I'm not saying the comment was actually made by a real analyst because I have no way to verify. In fact, it may have been made by a member of this forum. Would anyone like to take credit?
www.reddit.com/r/AskReddit/comments/2bdwqj/what_is_something_about_the_company_you_work_for/
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Post by Red Shirted Ensign on Jul 22, 2014 14:47:20 GMT -8
I agree with Mav and everybody else.
It's silly. This report is rock solid....just take each revenue component and match it up to a year ago, a quarter ago or to "concensus". Then look at GM for this quarter....great execution in the face of some headwinds out there. With a tiny little niggly on Ipad numbers, there was nothing here that did not please...
And we have so much more to look forward to!!
It should take Wall Street about seven minutes tomorrow morning to shake out the weak hands and start building on this...
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Post by Red Shirted Ensign on Jul 22, 2014 14:49:33 GMT -8
This is too good to not share. On Reddit, the question was asked, "What is something about the company you work for that they WOULD NOT like the customer to know?"
There were several interesting responses such as:
–]IAMATruckerAMA 1676 points 8 hours ago I was in hotels for ten years. Hotels consider a night perfect if they're overbooked by 2-5 rooms. They count on no-shows to make up the difference, but they're totally OK with you not having the room you reserved. Likewise, if you booked with a third party like Expedia or Hotels.com, you are not guaranteed anything and will be last in line for everything because you're not considered a loyal customer.
But the best one was clearly this one: [–]franklin_stubbs 972 points 8 hours ago I'm an analyst and supposed to be an expert in my field. The reality is I don't know shit and make up most of what I do. I'm starting to think all my coworkers are this way as well. We're just professional bullshitters.
Now I'm not saying the comment was actually made by a real analyst because I have no way to verify. In fact, it may have been made by a member of this forum. Would anyone like to take credit?
www.reddit.com/r/AskReddit/comments/2bdwqj/what_is_something_about_the_company_you_work_for/
They promised me on that forum that nobody on this forum would ever read it....sheeesh...
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Post by ahmpower on Jul 22, 2014 14:54:08 GMT -8
Rangebound for a while would make a nice bullish narrative in the intermediate term. You think AAPL will chart similarly to GOOG the last couple of years? ..rangebound then double in price. That wouldn't be so bad
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Post by ericinaustin on Jul 22, 2014 15:02:19 GMT -8
So that means 6 bil. 15 mil shares outstanding. What was it last quarter?
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Post by ericinaustin on Jul 22, 2014 15:15:18 GMT -8
The china mobile growth and the china growth in general along with the amazing gross margin numbers are the elephants in the room on this report in my opinion. Both are like rocket fuel for a quarter with new products . I think the beat next quarter will be huge baring production problems and the jan 15 numbers will be absolutely historic. I predict we will see a return of the long lines around the blocks this fall and winter.
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Post by firestorm on Jul 22, 2014 15:23:36 GMT -8
Microsoft revealed that it landfilled $900 million of Surface Minis: goo.gl/qeZNcY
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Post by incorrigible on Jul 22, 2014 15:43:16 GMT -8
This kind of reporting make me wanna' puke. Headline:
Content:
I won;t post link or source.
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Mav
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Post by Mav on Jul 22, 2014 16:15:41 GMT -8
OpEx makes Q4 look much worse than it "could have been", but that last part is irrelevant since OpEx will be what it will be.
Not sure how Wall Street will calibrate for this. Higher OpEx of up to $1B or so YOY could affect EPS "potential" by around 10%. I'm guessing most analysts only accounted for about half of that YOY increase in their financial models. The next week or two will be interesting.
Apple itself is doing just fine, of course
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Post by Iceage on Jul 22, 2014 16:17:54 GMT -8
I know that if I get the 5.5 iPhone, my iPad mini is gone. I don't see nothing wrong with that article.
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Mav
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Post by Mav on Jul 22, 2014 16:21:57 GMT -8
I suspect Apple will not be terribly upset if you exchange your $450 or less ASP iPad mini for a $650+ BigPhone that you'll pretty much replace every 2 years
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Post by incorrigible on Jul 22, 2014 16:23:26 GMT -8
Same sentence. Implies the bank security hack is Apple related.
Also, large iPhone big risk to iPad mini? Doubtful.
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Post by Red Shirted Ensign on Jul 22, 2014 16:47:13 GMT -8
OpEx makes Q4 look much worse than it "could have been", but that last part is irrelevant since OpEx will be what it will be. Not sure how Wall Street will calibrate for this. Higher OpEx of up to $1B or so YOY could affect EPS "potential" by around 10%. I'm guessing most analysts only accounted for about half of that YOY increase in their financial models. The next week or two will be interesting. Apple itself is doing just fine, of course OpEx is one of those catchall line items that can be either bad news, no news, good news or just a line item. You would hope that Wall Street understands that Apple knows how to use capital and that expense is highly efficient, regardless of just where the money may be spent or committed. But then, I forget I am speaking about Wall Street......Never mind.
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Post by Red Shirted Ensign on Jul 22, 2014 16:50:07 GMT -8
Some of the CNBC "wise men" were speculating that new iphones could result in lower margins. The implication is that the darn things, being "larger", must have more stuff in them and it takes more glass and aluminum to make the shell...so margins have to shrink.
Great math.....
But nobody mentioned that the prices are expected to go up by more than any possible additional component or raw material costs.....
I wonder if these folks think we are making hamburgers here.....
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Post by Iceage on Jul 22, 2014 16:50:59 GMT -8
I suspect Apple will not be terribly upset if you exchange your $450 or less ASP iPad mini for a $650+ BigPhone that you'll pretty much replace every 2 years I'm thinking about going from an iPad mini + iPhone 5S to a 5.5 iPhone. One upgrade a year instead of two.
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Mav
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Post by Mav on Jul 22, 2014 17:10:27 GMT -8
Gross margins will NOT be an issue this quarter, probably, so I'm glad that's out of the way.
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Post by macwire on Jul 22, 2014 17:13:55 GMT -8
Actually if aapl opens down this looks like a nice buyable dip or a place to leg into for year end IMHO after this report.
Sent from my iPhone using Tapatalk
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