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Apple Reports Third Quarter Results

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Re: Apple Reports Third Quarter Results

#71

Post by BobbyH »

kamagmar wrote: post #32
lancewiggs wrote: post #20

Earlier quoted context omitted.

their $75 billion in cash and negotiable securities compares with eBay's July 19th enterprise value of $37.5 billion, Microsoft's $188 billion, Sony's $28.5 billion and Google's $160 billion. They could buy eBay or Sony for cash. Enterprise value is market capitalization (value of all the shares) less debt. Apple's was $316 billion on the same date. Note - Apple is great at making awesome products, and most likely lo…

I thought enterprise value was market cap plus debt?

Yes, enterprise value (EV) is equity market capitalization (stock price times # of shares) plus the market value of debt (this can be lower than the book value of debt). Financial analysts often prefer to calculate something called "Net Enterprise Value", which is EV minus "excess cash" (total cash minus "required cash", where required cash is usually calculated as a certain % of sales). Net Enterprise Value gives you the present value of all future cash flows to the firm (you are ignoring the value of today's excess cash, which doesn't come from future cash flows). This is particularly useful when looking at companies like AAPL with tons of cash.

Re: Apple Reports Third Quarter Results

#72

Post by mmorris »

yequalsx wrote: post #66
aforty wrote: post #29

Earlier quoted context omitted.

More importantly, how do you like your first Mac?

Some things I really like and some I really hate. Overall though I like it (Macbook Pro 13" base model - no upgrades). I don't know why but I thought it would load applications faster than it does. Though, the overpowered Dell I bought last December is even slower. Why do I have this feeling my Mac should load applications faster? I don't know. I don't like traversing the file system in the Mac. Perhaps its familiari…

I really hate that I can't create a folder at the time I save a document.

There is a "New Folder" button in the bottom left corner of the (expanded) save dialogue box. But it is true that you can't edit folder names or move files around from within the save dialogue.

While I realize that a save dialogue should be focused on saving, it annoys me to no end that I can't do some basic editing while I'm in there.

Re: Apple Reports Third Quarter Results

#73

Post by potatolicious »

yequalsx wrote: post #66
aforty wrote: post #29

Earlier quoted context omitted.

More importantly, how do you like your first Mac?

Some things I really like and some I really hate. Overall though I like it (Macbook Pro 13" base model - no upgrades). I don't know why but I thought it would load applications faster than it does. Though, the overpowered Dell I bought last December is even slower. Why do I have this feeling my Mac should load applications faster? I don't know. I don't like traversing the file system in the Mac. Perhaps its familiari…

The Finder sucks, a lot, so file system traversal can be a pain. There are free alternatives though nothing comes to mind right now.

You can create a folder at save-time - there should be a disclosure/down-arrow button to the right of your file name textbox (this is a universal cue for "click here for advanced options"). This will roll out the advanced settings.

This gives you all the standard file system manipulation abilities you're looking for, including New Folder.

Re: Apple Reports Third Quarter Results

#74

Post by mendocino »

[deleted] wrote: post #59
arjn wrote: post #21

Earlier quoted context omitted.

why is this comment being down-voted ?

[deleted]

> Founder AndroidWorks consulting

And most of your posts are mindless anti Apple rambling. Doesn't make you any better then the fanboys that you accuse other people to be. As a founder representing a company you might want to show a bit more professionalism.

Re: Apple Reports Third Quarter Results

#75

Post by r00fus »

yequalsx wrote: post #66
aforty wrote: post #29

Earlier quoted context omitted.

More importantly, how do you like your first Mac?

Some things I really like and some I really hate. Overall though I like it (Macbook Pro 13" base model - no upgrades). I don't know why but I thought it would load applications faster than it does. Though, the overpowered Dell I bought last December is even slower. Why do I have this feeling my Mac should load applications faster? I don't know. I don't like traversing the file system in the Mac. Perhaps its familiari…

Get yourself an SSD pronto.

They are worth the money, and as many software luminaries have said, they are the best upgrade money can buy right now.

You can take a Sandforce (or any TRIM enabled) ~64GB SSD and an optibay kit or similar and double to triple your load speed. Cost me ~$200 total.

Here's my account of an optibay-like installation on my 2010 MBP: http://forums.macrumors.com/showpost.php?p=10814085&post...

Re: Apple Reports Third Quarter Results

#76

Post by c2 »

bbgm wrote: post #64
c2 wrote: post #53

Earlier quoted context omitted.

To be fair, people have been predicting both sides of the coin for a while. People predicting success on hacker news tend to get upvoted, and people predicting failure tend to be downvoted, regardless of the reality of the situation. Right now Apple is doing great. I would still question the sustainability of this business as an investor. What's next after ipad? Long term, 5 years say, ipad/iphone margins will evapor…

And if any company has a track record over the past decade of delivering "big things" it's Apple. No company in recent history comes even close. Can they? Who knows, but if anyone can, it's Apple.

One decade is great. Plenty of companies have had their one decade in the sun - Microsoft, Cisco, IBM... Standard Oil.

I think your comment is a bit of hyperbole, the success of a company like Apple is not unprecedented in history. Apple could continue doing "big things" over the next decade, I just seriously doubt their ability to continue their growth and justify their market cap over the next 5-10 years. That's all. Possible, yes, in my opinion extremely, extremely unlikely.

And also like clockwork, I had a comment explaining why I thought they would fail, and have downvotes.

Re: Apple Reports Third Quarter Results

#77

Post by ChuckMcM »

lancewiggs wrote: post #20
shawndumas wrote: post #9

Earlier quoted context omitted.

billions and billions...

their $75 billion in cash and negotiable securities compares with eBay's July 19th enterprise value of $37.5 billion, Microsoft's $188 billion, Sony's $28.5 billion and Google's $160 billion. They could buy eBay or Sony for cash. Enterprise value is market capitalization (value of all the shares) less debt. Apple's was $316 billion on the same date. Note - Apple is great at making awesome products, and most likely lo…

Does enterprise value consider the uplift of actually paying cash? At $33.75 [1] EBAY has a market cap of just under $44B but to actually buy the company for cash and get everyone to tender their shares you would probably have to pay $80B+ and that would not include assumption of debt. I guess I don't get how EBAY is valued at less than their market cap.

[1] http://www.google.com/finance?q=NASDAQ:EBAY

Re: Apple Reports Third Quarter Results

#78

Post by yequalsx »

potatolicious wrote: post #73
yequalsx wrote: post #66

Earlier quoted context omitted.

Some things I really like and some I really hate. Overall though I like it (Macbook Pro 13" base model - no upgrades). I don't know why but I thought it would load applications faster than it does. Though, the overpowered Dell I bought last December is even slower. Why do I have this feeling my Mac should load applications faster? I don't know. I don't like traversing the file system in the Mac. Perhaps its familiari…

The Finder sucks, a lot, so file system traversal can be a pain. There are free alternatives though nothing comes to mind right now. You can create a folder at save-time - there should be a disclosure/down-arrow button to the right of your file name textbox (this is a universal cue for "click here for advanced options"). This will roll out the advanced settings. This gives you all the standard file system manipulatio…

Thank you all for the information. It is most helpful.

Re: Apple Reports Third Quarter Results

#79

Post by j79 »

AndrewZ wrote: post #47

The nice thing about this is that they sold 20 million iphone 4, which is actually over an year old now ...

Exactly! I think a flood of new iPhones owners will be hitting this fall. I know plenty of iPhone 3GS owners waiting to pick up the rumored iPhone 5. By that point, I may even be ready to replace my iPhone 4 with the 5...

Re: Apple Reports Third Quarter Results

#80

Post by YooLi »

Tyrannosaurs wrote: post #49
Anechoic wrote: post #17

Earlier quoted context omitted.

Good question, I think it also includes tablets, but I am presuming that the bulk of the numbers represents phones.

I think the tablet to phone ratio right now is such that it's not that big a deal which it represents. That's not to say Android tablets won't take off, just that in the numbers that have been published until now they're not selling that well and the phones are selling like hot cakes.

The Nook runs Android. I wonder if it counts towards 'activations'. Last quarter B&N sold ~3M Nooks, which would be ~33k activations per day. Not that huge, but the difference between 465k and 500k activations. The Nook and other tablets and devices might actually end up combining to an appreciable amount (100k/day??).
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