Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Apple reports Q3 results

apple.com

Post reply on HN
Print view View original

141–150 of 251 posts

Re: Apple reports Q3 results

#141

Post by Hippocrates »

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.

I don't know if I would classify Apple products as strictly luxury, certainly not in the same sense as a Casio vs a Rolex, a Jansport vs Gucci, or a studio vs a 1 bedroom, Honda vs a BMW, staycation watching Disney+ vs trip to Disney.

When I think of cutting back on luxury, I am looking for things with a very high incremental cost to incremental value ratio. Apple products could be one but it would be farrrr down the list speaking for myself and others I know.

Re: Apple reports Q3 results

#142

Post by jackson1442 »

ajzinsbwbs wrote: post #114

Wow, iPad revenue up 31% YoY after being down ~10% in the last few quarters. Similar numbers to a Q1 (holiday season). I guess it makes sense that the tablet form factor is popular when so many people are indoors. Also, services revenue grew YoY but it’s the first time it didn’t grow QoQ in a long time, so it seems to have stagnated. Services include a lot of recurring revenue so they should be consistently growing Q…

The pandemic definitely pushed me to get an iPad. Since my primary source of income is in tutoring in math/CS, being able to draw diagrams with accuracy and share those drawings live with my students has been extremely valuable. Before all this, most of my income was from in-person clients where I could simply grab a piece of paper and pen and draw, now I'm 100% online.

Re: Apple reports Q3 results

#143

Post by gboss »

ajzinsbwbs wrote: post #114

Wow, iPad revenue up 31% YoY after being down ~10% in the last few quarters. Similar numbers to a Q1 (holiday season). I guess it makes sense that the tablet form factor is popular when so many people are indoors. Also, services revenue grew YoY but it’s the first time it didn’t grow QoQ in a long time, so it seems to have stagnated. Services include a lot of recurring revenue so they should be consistently growing Q…

My partner and I bought our God Daughter an iPad for her sixth birthday because we were worried about her not being in school. We installed a bunch of educational apps for her. She loves it. We also get to FaceTime with her and our relatives which is fun. I’m sure a lot of iPads were bought for kids stuck at home. (Edit typo)

Re: Apple reports Q3 results

#144

Post by johannes1234321 »

anthony_r wrote: post #72
dastbe wrote: post #41

Earlier quoted context omitted.

Possibly, but its really however the market prices it. For example, if the theory goes that more people will want to buy apple now that the price is a "steal" (people think it's harder to 2x a big number than a small number) then it could go above that on open.

Bitcoin and Bitcoin Cash ? I prefer to believe that stocks are not in a bubble of such epic proportions that a stupid split can be an "event".

> Bitcoin and Bitcoin Cash ?

That is the split of Google A and C some years back, where Google added a new class of shares with different voting power.

In the Apple split each share after the split will be worth 1/4th, have 1/4th voting power, will receive 1/4th of dividend, etc. just reading happens in smaller fractions.

Re: Apple reports Q3 results

#145

Post by nutshell89 »

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…

I guess this is the biggest argument for breaking up the tech giants - not only are there clear examples of each company either abusing public trust or using their size in anti-competitive ways, but their wealth shields them from having to meaningfully engage with the public at large or reign in said behavior.

Re: Apple reports Q3 results

#146

Post by johannes1234321 »

objektif wrote: post #112
shadowtree wrote: post #73

Earlier quoted context omitted.

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.

The only issue is that iphone revenue was not up but mac and ipad was up considerable. So people are actually buying more computers and tablets.

iPad is the device Grandma uses during the lockdowns to see the grandchildren.

iPad is the device to follow the stream of the school lesson.

iPad is what the manager got for his Zoom meetings.

Re: Apple reports Q3 results

#147

Post by nostrademons »

twblalock wrote: post #138
nostrademons wrote: post #117

Earlier quoted context omitted.

Rent for a low-end 1BR in Silicon Valley is about $2000/month. Low-end 2BR = ~$2600/month, high-end 1BR = ~$4500/month. Houses are ~$10K/month and up. Entry-level tech compensation is ~$180K/year, mid-career = ~$600K/year. If you're not in tech you're screwed here - formerly middle-class professions like teachers/police/firemen live 4 to a 2BR apartment, or they buy houses an hour or more away. Even mid-career financ…

> Houses are ~$10K/month and up. That's way high. A million-dollar house on a 30-year fixed-rate mortgage, assuming a 20% down payment, is ~4800/month including property tax. With a 10% down payment it would be about $5800/month. To get to a $10k/month housing bill you need to buy a place that costs close to $2 million. The median sales price in Santa Clara county is closer to $1.3 or $1.4 million. Most people are pa…

The median buyer in Santa Clara County buys a condo - that's what's going for $1.3-1.4M.

Low-end SFHs - we're talking a 3/2 built in the 1950s - go for about $1.8-$1.9M in Mountain View, $1.6-1.7M in Sunnyvale. A SFH like what you'd get in most of the rest of the U.S. - 4/2.5 or 5/3 on 1/4 acre lot, built somewhere between the 70s and 00s - will run about $2.4-2.8M.

Re: Apple reports Q3 results

#148

Post by read_if_gay_ »

spideymans wrote: post #125
ajzinsbwbs wrote: post #114

Wow, iPad revenue up 31% YoY after being down ~10% in the last few quarters. Similar numbers to a Q1 (holiday season). I guess it makes sense that the tablet form factor is popular when so many people are indoors. Also, services revenue grew YoY but it’s the first time it didn’t grow QoQ in a long time, so it seems to have stagnated. Services include a lot of recurring revenue so they should be consistently growing Q…

>Wow, iPad revenue up 31% YoY after being down ~10% in the last few quarters. Similar numbers to a Q1 (holiday season). I guess it makes sense that the tablet form factor is popular when so many people are indoors. I wonder how much this has to do with the release of iPadOS 13, which has made the iPad a significantly more capable "computer" than previous versions of the operating system. For the majority of users (yo…

iPadOS 13, the new keyboard with trackpad and a cloud VPS mean even for typical HNers the capabilities of iPadOS are quickly approaching that of macOS. For me, it’s totally replaced my laptop. I still need a desktop because a fair number of very specific things are a PITA on the iPad but in general it offers a much nicer UX than my previous ThinkPad.

Re: Apple reports Q3 results

#149

Post by simonebrunozzi »

crazygringo wrote: post #92
adtac wrote: post #32

>The Board of Directors has also approved a four-for-one stock split to make the stock more accessible to a broader base of investors. Each Apple shareholder of record at the close of business on August 24, 2020 will receive three additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on August 31, 2020.

So interesting that Apple does this around $400... meanwhile Amazon's over $3,000 and couldn't care less. It's very curious to me how and why different companies decide whether this is important or not.

Berkshire Hathaway is at almost $300k per stock.

Re: Apple reports Q3 results

#150

Post by fotta »

simonebrunozzi wrote: post #149
crazygringo wrote: post #92

Earlier quoted context omitted.

So interesting that Apple does this around $400... meanwhile Amazon's over $3,000 and couldn't care less. It's very curious to me how and why different companies decide whether this is important or not.

Berkshire Hathaway is at almost $300k per stock.

Buffett refuses to split BRKA so yes it's that much, but BRKB has split before and so is ~$200/share.
Post reply on HN