Apple reports Q3 results • Hacker News Board

Re: Apple reports Q3 results

#101

Post by VikingCoder » Thu, Jul 30, 2020, 10:06 PM UTC

shadowtree wrote: post #73

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.

An iPhone is the durable personal computer for most people. They don't own a "PC", this is the only way to safely conduct e-commerce. Without it, you're done in the modern world (even government interactions, like scheduling a DMV visit). A necessity, not a luxury. Best security, best long term support, best re-sale value. If you're poor, an iPhone is the smartest choice. You need to AFFORD an Android device.

I'm surprised to see you say "most people," as Android is what, 85% of the market?

Re: Apple reports Q3 results

#102

Post by glglwty » Thu, Jul 30, 2020, 10:06 PM UTC

tqi wrote: post #59

Apple, Alphabet, Amazon, and Facebook, which combined are worth almost $5 trillion dollars[1] all releasing earnings on the same day seems crazy. From what I could find, that is 14% (5T/35T) of the total stock market posting earnings on the same day [2]. I'm curious if anyone has thoughts on what effect that has on the overall market in terms of volatility? (I really have no good idea as to how any of this works) Cou…

Vix doesn't seem to move much this week

Re: Apple reports Q3 results

#103

Post by JoshTko » Thu, Jul 30, 2020, 10:07 PM UTC

Really unexpected that YOY revenue is up for Mac 22% and iPad 31%. Also unexpected that service revenue growth seems to have slowed.

Re: Apple reports Q3 results

#104

Post by mrkstu » Thu, Jul 30, 2020, 10:07 PM UTC

vosper wrote: post #61

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.

Are these things actually luxury goods? A smartphone is probably one of the most essential and important devices in many peoples lives these days. Certainly one of the most used. There is the option of Android instead of Apple, but as someone pointed out one time, iPhones are cheaper than flagship Android devices if you account for the support lifetime of an iPhone being a lot longer than any Android device. And that…

iPad Pros for non-business use may be luxury devices, but the 'regular' iPad is down to $329 now, solidly low end- especially now that iPad OS has mouse support built in and Safari supports requesting desktop mode pages.

Re: Apple reports Q3 results

#105

Post by birdyrooster » Thu, Jul 30, 2020, 10:08 PM UTC

mdoms wrote: post #81

snowwrestler wrote: post #78

Earlier quoted context omitted.

Maybe a tangent here, but I don't think it's accurate to think about Apple stuff as luxury goods. For example, I don't think the volume they do in phones aligns with the typical notion of a luxury brand. The best-selling single smartphone model on the market is the iPhone. In analogy with the car market: BMW, Mercedes, Lexus do not have a best-selling model among them. The iPhone is more like the Ford F-150, in terms…

A Ford F-150 is absolutely a luxury vehicle. And I don't see any way you can look at an Apple iPhone as anything other than a luxury purchase, regardless of the market share.

When you say iPhone, just consider you are speaking about a product which starts at $399.

Re: Apple reports Q3 results

#106

Post by nojito » Thu, Jul 30, 2020, 10:09 PM UTC

tqi wrote: post #59

Apple, Alphabet, Amazon, and Facebook, which combined are worth almost $5 trillion dollars[1] all releasing earnings on the same day seems crazy. From what I could find, that is 14% (5T/35T) of the total stock market posting earnings on the same day [2]. I'm curious if anyone has thoughts on what effect that has on the overall market in terms of volatility? (I really have no good idea as to how any of this works) Cou…

Market cap is an irrelevant measure. It's simply the price of the last sold share * number of shares outstanding.

Re: Apple reports Q3 results

#107

Post by rootusrootus » Thu, Jul 30, 2020, 10:09 PM UTC

rkochman wrote: post #91

rootusrootus wrote: post #11

Earlier quoted context omitted.

There are other examples as well. For me, it is RVs. Generally people only buy them when they're feeling good about the future, so you'd expect uncertainty to be devastating right now. Nope, dealers are moving them as fast as they can get them in stock, and they're not budging on price. Normally you only pay about 2/3 MSRP for an RV. Not right now. Sucks because I want to upgrade to something a little bigger, and I d…

I don’t think RVs are a good indicator. My wife and I just bought a 32’ Class A motorhome to travel around the country in the fall, since I’m forced to work remotely and the kids will be doing school remotely. If there were no pandemic, we would have never dreamed of buying one.

Right, I agree that this is probably the fundamental reason. Just not something I'd have expected going into this crisis.

I'm glad for it, though, we're going to put ours on the market in a couple weeks after our last planned camping trip for the year, a strong market will be good for resale. Hoping it weakens a bit over the winter, though, because before next season rolls around I'll want another.

Re: Apple reports Q3 results

#108

Post by bollockitis » Thu, Jul 30, 2020, 10:10 PM UTC

marvin wrote: post #70

crazygringo wrote: post #63

Earlier quoted context omitted.

I'm curious. Do trading platforms automatically adjust existing limit orders the night of August 24, e.g. dividing all prices by 4? (Or just cancel all limit orders?) I mean I would assume they do, but just wonder if there are ever any severe "gotchas" with a stock split with certain existing buy/sell arrangements, or derivatives etc.

I haven't worked on trading systems in the US, but handling this type of gotcha is the bread and butter of the sort of trading software I have been working on. There's a million tiny details like this that can cause consequences that are both different from what a customer intended and what our terms with said customer states, so making sure it's all handled in a safe way is just part of daily business.

I can’t imagine working on software that could have such potentially disastrous financial consequences, so kudos to you and all of the developers who do this kind of work.

Re: Apple reports Q3 results

#109

Post by nawgz » Thu, Jul 30, 2020, 10:10 PM UTC

reaperducer wrote: post #45

Jommi wrote: post #35

Earlier quoted context omitted.

What planet are we living on? 600 a week is 2400 a month, which way over any entry level salary in Europe. How inflated are the salaries in US? Or are people used to some really abnormal level of living?

600 a week is 2400 a month, which way over any entry level salary in Europe. $2,400/month is the legal minimum wage in some cities. ($15/hour)

I believe EU salaries are usually discussed after-tax, so 2400 / month take-home pay. That is probably the main confusion here.

Re: Apple reports Q3 results

#110

Post by nojito » Thu, Jul 30, 2020, 10:11 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.

>consumer spending on luxury goods is pretty remarkable

The vast majority of Apple products and services are no where near "luxury" prices.