Apple reports Q3 results

#1

Post by danceparty » Thu, Jul 30, 2020, 8:37 PM UTC

Re: Apple reports Q3 results

#2

Post by Steve886 » Thu, Jul 30, 2020, 8:47 PM UTC

iPhone sales moved up 2% from last year to $26.4 billion in the June-quarter. Apple earnings infographic: https://news.alphastreet.com/apple-inc-nasdaq-aapl-earnings-...

Re: Apple reports Q3 results

#3

Post by matthewdgreen » Thu, Jul 30, 2020, 8:50 PM UTC

Given the high rates of unemployment in the US and around the world (with possibly worse to come) this kind of consumer spending on luxury goods is pretty remarkable. Wonder how sustainable it is.

Re: Apple reports Q3 results

#4

Post by cm2187 » Thu, Jul 30, 2020, 8:51 PM UTC

matthewdgreen wrote: post #3

Given the high rates of unemployment in the US and around the world (with possibly worse to come) this kind of consumer spending on luxury goods is pretty remarkable. Wonder how sustainable it is.

Remarkable? Perplexing. Like facebook revenues up while all companies are slashing their marketing budget.

Re: Apple reports Q3 results

#5

Post by elevenoh » Thu, Jul 30, 2020, 8:53 PM UTC

Is this hackernews or wallstreetbets? ;)

Re: Apple reports Q3 results

#6

Post by shmatt » Thu, Jul 30, 2020, 8:54 PM UTC

matthewdgreen wrote: post #3

Given the high rates of unemployment in the US and around the world (with possibly worse to come) this kind of consumer spending on luxury goods is pretty remarkable. Wonder how sustainable it is.

Unemployed Americans have (temporarily) discovered the world of fare living-wage unemployment that expires tomorrow.

If you don't live in NY or CA, those extra $600 a week can go very far, and have probably helped stimulate the economy greatly

Re: Apple reports Q3 results

#7

Post by uptown » Thu, Jul 30, 2020, 8:54 PM UTC

cm2187 wrote: post #4

matthewdgreen wrote: post #3

Given the high rates of unemployment in the US and around the world (with possibly worse to come) this kind of consumer spending on luxury goods is pretty remarkable. Wonder how sustainable it is.

Remarkable? Perplexing. Like facebook revenues up while all companies are slashing their marketing budget.

You just had an entire planet told that they were going to stay at home, and that school-age children needed some type of device to learn through. That must have driven some percentage of new sales.

Re: Apple reports Q3 results

#8

Post by [deleted] » Thu, Jul 30, 2020, 8:54 PM UTC

cm2187 wrote: post #4

matthewdgreen wrote: post #3

Given the high rates of unemployment in the US and around the world (with possibly worse to come) this kind of consumer spending on luxury goods is pretty remarkable. Wonder how sustainable it is.

Remarkable? Perplexing. Like facebook revenues up while all companies are slashing their marketing budget.

[deleted]

Re: Apple reports Q3 results

#9

Post by duxup » Thu, Jul 30, 2020, 8:55 PM UTC

matthewdgreen wrote: post #3

Given the high rates of unemployment in the US and around the world (with possibly worse to come) this kind of consumer spending on luxury goods is pretty remarkable. Wonder how sustainable it is.

Do people maybe see phones and related tech / services as sort of essential?

Re: Apple reports Q3 results

#10

Post by danhak » Thu, Jul 30, 2020, 8:55 PM UTC

cm2187 wrote: post #4

matthewdgreen wrote: post #3

Given the high rates of unemployment in the US and around the world (with possibly worse to come) this kind of consumer spending on luxury goods is pretty remarkable. Wonder how sustainable it is.

Remarkable? Perplexing. Like facebook revenues up while all companies are slashing their marketing budget.

Regarding Facebook ads: We are in the throes of a general election cycle, I'm curious how much of the slack that has been picking up. Anecdotally I am seeing tons of political ads across the internet.

I am also curious if increased internet usage in general is compensating for lower PPC as people are stuck at home.