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Apple Reports Fourth Quarter Results

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Re: Apple Reports Fourth Quarter Results

#71

Post by yieldcrv »

TMWNN wrote: post #8
est31 wrote: post #5

Earlier quoted context omitted.

2% of (nominal) US GDP! If Apple were a country, it would rank in the top 30.

Harry Truman said in 1945 about the atomic bomb, "We thank God that it has come to us, instead of to our enemies". I feel the same way about Apple and FAANG and Silicon Valley as a whole (and Wall Street, and Hollywood, and SpaceX/Tesla, and the Ivy League), that they are in the United States. That doesn't mean I approve of everything they do. That doesn't mean I can't or won't decry their putting thumbs on scales to…

uhhhhhhhh whaaat? this has such a limited worldview. you can form companies in any of those places regardless of your citizenship or even residency, you can start companies in the US regardless of your citizenship or residency, you can get access to the speculative fury and cheap capital on Wall Street without you or your company being domiciled in the US. All combinations are possible and you need all combinations to make that magic happen.

Choosing to do this with a US nexus for most purposes was intentional and helped this outcome.

For an example of this combination. Baidu is a chinese search engine and advertising platform.

It is incorporated in the Cayman Islands, its board members and management are several US citizens living in the US, several are Chinese. Its primary operations are in China with several subsidiaries in other countries. The shares are repackaged as foreign depository receipts to trade on the US Nasdaq. And also trades on a Hong Kong exchange as of 2021.

You only limit yourself with this kind of nationalism.

The chosen regulatory environment does affect the potential size of the business. Its a choice for the company, and the management. A low growth French or German company chooses to stay in France or Germany.

Re: Apple Reports Fourth Quarter Results

#72

Post by seabriez »

chrisseaton wrote: post #28
SoftTalker wrote: post #21

Earlier quoted context omitted.

It's amazing. I sometimes wonder what value these people see in this stuff. I guess I just "think different" as nothing that Apple offers is compelling to me in the slightest way. Yet one can't deny the reality.

Do you not think M1 is a compelling architecture? I think it’s technically brilliant and it has a positive impact on my life.

M1 saved my marriage, and before that it saved my life as well. My mom loves M1 more than me.

Re: Apple Reports Fourth Quarter Results

#73

Post by agumonkey »

tomcam wrote: post #47
chollida1 wrote: post #4

Numbers: - Q4 wearables of $9.6B, beats est byu close to $1B - Q4 Services Rev fo $19.2B short of Est by $800M - Q4 iphone Rev of $42.6B meets Est - Q4 ipad Rev of $7.2B, short of Est by $600M - Q4 Rev of $90.2B beats Est by $2B, that also means its up 8ish% YoY - Q4 Mac Revenue of $11.5B, beats by $2B, nice, forgot they make computers;) - China Rev of $15.5B, this is interesting, AAPL clearly has alot of China expos…

I will admit publicly this post is so terse yet comprehensive I am aggressively searching your history on this site for more nuggets like this one. UPDATE …and, not disappointed. World-class commentary. Not sure how PP flew under my radar so long.

better than a google search

Re: Apple Reports Fourth Quarter Results

#74

Post by duped »

spaceman_2020 wrote: post #30
ckastner wrote: post #3

Annual revenue of $394 billion, more than a billion a day. Not the first company to do it, though. Exxon did it in the 2000s when oil was up to $140, and I think Walmart did it, too.

Their numbers seem utterly unreal to me. How on earth do you sell $205 billion worth of just a single product (iPhone) every year? This is simply the greatest business to have ever been created. I can't imagine anything else ever topping it. The margins AND the volume are both insane.

Almost every adult in the developed world needs a smart phone. They replace these devices about every 2-3 years.

Apple makes one of the best in class of these devices, and has successfully designed one such that it's hard to switch to a competitor (rather it's easier to stay in the ecosystem).

They've convinced about a billion people on the planet that the iPhone is the best device for them, so if you split that into about 300 million re-ups into the ecosystem each year you're talking about where their revenue is.

I say this as a happy iOS user. I replaced my phone of three years about a month ago. Took a day to get it through my carrier and it immediately restored from backup with minimal data loss, despite not having access to the old device. That ease of use and confidence I won't lose data is worth the premium.

Re: Apple Reports Fourth Quarter Results

#75

Post by yieldcrv »

samatman wrote: post #60
retskrad wrote: post #15

Holy moly, the Mac keeps growing like crazy. It’s amusing how Apple wanted the iPad to disrupt the Mac but the advent of M-Series chips on the Mac has really nipped that ambition in the bud.

I remember when I got my first Retina laptop screen, it was nice but I quickly just got used to it. Then, I found myself using the earlier machine, without the high DPI. That learned me. It was hard to imagine all the work I'd done staring through a screen door at those pixels. Similarly, I've been using the M1 MPB since I got it. I only remember that it never makes noise when I'm reminded of it, such as in this conv…

> Similarly, I've been using the M1 MPB since I got it. I only remember that it never makes noise when I'm reminded of it, such as in this conversation.

I take a lot for granted about my M1 MBP.

And it all becomes noticeable when using anybody else's computer.

The screen, the speed, the battery life, the fan, the heat. Its all so... crippling on other people's machines.

Re: Apple Reports Fourth Quarter Results

#76

Post by yieldcrv »

neel8986 wrote: post #10
ckastner wrote: post #3

Annual revenue of $394 billion, more than a billion a day. Not the first company to do it, though. Exxon did it in the 2000s when oil was up to $140, and I think Walmart did it, too.

There are other companies including Walmart or Amazon having larger revenue. But what truly exceptional is Apple's net income. Trailing 1 year is almost 100B !! Only Saudi Armaco can touch that

Its fascinating to watch US corporate sector catch up to state sponsored or partially nationalized entities. Like wow, what a powerhouse. Taking hundreds of years of the corporation concept to do it, but make a country whose culture is only that and its working in that regard.

Re: Apple Reports Fourth Quarter Results

#77

Post by joshstrange »

electriclove wrote: post #25
retskrad wrote: post #15

Holy moly, the Mac keeps growing like crazy. It’s amusing how Apple wanted the iPad to disrupt the Mac but the advent of M-Series chips on the Mac has really nipped that ambition in the bud.

I bought the M1 MacBook Air when it came out almost 2 years ago. I’m Still amazed at how quickly everything opens and how long the battery lasts.

I bought the M1 Max MBP when it came out and the battery still shocks me. 80-90% of the time it's in a dock on my desk but I'll be sitting on the couch and think "Oh, I should probably plug in, I've been running it hard for the last hour or so.... oh.... 70% still, nevermind".

Re: Apple Reports Fourth Quarter Results

#79

Post by happyopossum »

microtherion wrote: post #56
MetaverseClub wrote: post #23

I'm just curious how much Rev/Profit they made on selling employee lunches and dinners.

Apple has 150k employees. Probably get <$15 revenue on average per employee/day, 230 days a year. So <$500M of revenue a year, and with the price/quality of the food, I doubt it's being run at a profit (It's not like they have a wine menu to boost their bottom line).

Most of those 150k employees are in retail, who don't eat at their cafeterias, and $15 is a stretch at that - I think the most I ever spent at a cafe Macs was about $10...

All that to say, you're probably off by about 80%....

Re: Apple Reports Fourth Quarter Results

#80

Post by SoftTalker »

chrisseaton wrote: post #28
SoftTalker wrote: post #21

Earlier quoted context omitted.

It's amazing. I sometimes wonder what value these people see in this stuff. I guess I just "think different" as nothing that Apple offers is compelling to me in the slightest way. Yet one can't deny the reality.

Do you not think M1 is a compelling architecture? I think it’s technically brilliant and it has a positive impact on my life.

I mean, no.

For what I do with a laptop, a Chromebook is fine. And it's what I use.

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