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Apple reports Q3 results

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Re: Apple reports Q3 results

#171

Post by throwanem »

alacombe wrote: post #157
throwanem wrote: post #14

Earlier quoted context omitted.

Wouldn't surprise me if a lot of people are buying new phones while they're sure they can, to avoid the risk of being stuck with an old and potentially failing one when they can't. Phones are luxury goods only up to a point. Especially once you're invested in an app store, it can cost a good deal to switch platforms. And it should be news to no one that having access to communications grows more, not less, important,…

> Wouldn't surprise me if a lot of people are buying new phones while they're sure they can, to avoid the risk of being stuck with an old and potentially failing one when they can't. I think you're incorrectly assuming people are good at any form of long term financial planning...

I think you may know a bit less than you think you do.

Re: Apple reports Q3 results

#172

Post by chrsstrm »

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.

AAPL's previous 7:1 split happened at $700, bringing the price back down to $100. This split fits in that same vein. It would seem that the board feels "accessible" is in the $100 range, if that's what you're trying to read into the situation.

Re: Apple reports Q3 results

#173

Post by fotta »

zzapplezz wrote: post #163
fotta wrote: post #150

Earlier quoted context omitted.

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

Also consider the difference in voting rights. Voting rights at berkshire require one to literally be rich. Funny that SNAP got shunned by S&P and literally was the genesis for a new rule [1] for excluding new stocks with split share classes yet BRK, GOOG, FB, CMCS, NWS, etc. can still exist in the index. Heck, companies like F & BF have separate voting shares to give families voting rights. [1] https://www.cnbc.com/…

My understanding from that article is that SNAP's public shares are entirely non-voting whereas all the other companies' shares have (diluted) voting rights so I don't think it's quite the same even though in practice it pretty much is.

Re: Apple reports Q3 results

#174

Post by rurp »

Cookingboy wrote: post #134
modeless wrote: post #130

Earlier quoted context omitted.

Seems a lot less relevant now with the rise of fractional shares.

But not if you want to trade certain contracts positions. For example I'd like to sell some covered calls for my AMZN as a hedge against a correction later, but since I don't own $300k+ of AMZN share, I literally cannot sell a single call contract.

I'm really surprised Robin Hood and others haven't started offering fractional options contracts yet. It seems like an obvious next step for retail trading.

I'm not saying it would be a great idea or anything, just that it's going to happen eventually and being first will probably garner a fair amount of business and attention (both positive and negative).

Re: Apple reports Q3 results

#175

Post by jjtheblunt »

KeBugCheckEx wrote: post #156

When did Apple started distributing dividends? I remember them being known for not doing so.

I believe around 2013 Apple altered its buyback and dividend practices, as large shareholder Carl Icahn seemed at the time to be trying to manipulate the company and shareholders to his own advantage.

Several articles discussed such around the time. Here are a few.

https://www.latimes.com/business/technology/la-fi-tn-carl-ic...

https://www.marketwatch.com/story/carl-icahns-2-billion-appl...

https://www.forbes.com/sites/chuckjones/2017/11/10/carl-icah...

Re: Apple reports Q3 results

#176

Post by coziestSoup »

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 guess for this is the fact that they have a fantastic entry level iPad at a very low price. It's basically the cheapest entry point into the Apple ecosystem at ~$300 (often discounted to $250). And they've shown they're happy to hold this price with the new iPad they released last year as well. Considering iPadOS and support for Pencil, it's a pretty good deal, and I can imagine its bringing a lot of people in.

Re: Apple reports Q3 results

#177

Post by paxys »

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…

One (or maybe more) of them had to adjust dates because of the congressional hearing.

Re: Apple reports Q3 results

#178

Post by fraudsyndrome »

thecupisblue wrote: post #139
crazygringo wrote: post #66

Earlier quoted context omitted.

There's a good argument to be made that Apple devices are not luxury goods but save you money in the long run. They often last for many more years than competitors' products, receive upgrades for longer, become obsolete less quickly, and Apple will repair them both under warranty and out of warranty. (Many competitors simply do not service their products.) And when you're finally done with your device, you can often…

You reminded me of the last time I spent money on a laptop before mac. Well, it wasn't me, it was my parents. For half the price of new mac air, I got a Toshiba budget notebook. It barely lasted 2 years, which was the amount it's "anything happens" warranty expired - which wasn't really anything happens. The CD ROM just didnt slide back in totally one day and stuck. The shift key got so fucked up I had to disable it…

Similar story although I haven't purchased a macbook yet. Used to purchase laptops within the 500AUD range which would break or die within a year, decided to spend 1000AUD on a Asus zenbook and it's held up quite nicely over 3 years - only issue being the battery but that's expected.

Haven't spent anything close to a MBP but I know people still using the 2015 model and holding up nicely. I guess price sort of correlates to build quality? Although same can't be said for resale value.

Re: Apple reports Q3 results

#179

Post by patrickthebold »

thecupisblue wrote: post #139
crazygringo wrote: post #66

Earlier quoted context omitted.

There's a good argument to be made that Apple devices are not luxury goods but save you money in the long run. They often last for many more years than competitors' products, receive upgrades for longer, become obsolete less quickly, and Apple will repair them both under warranty and out of warranty. (Many competitors simply do not service their products.) And when you're finally done with your device, you can often…

You reminded me of the last time I spent money on a laptop before mac. Well, it wasn't me, it was my parents. For half the price of new mac air, I got a Toshiba budget notebook. It barely lasted 2 years, which was the amount it's "anything happens" warranty expired - which wasn't really anything happens. The CD ROM just didnt slide back in totally one day and stuck. The shift key got so fucked up I had to disable it…

Meh, I used a $300 netbook for 6 years.

Re: Apple reports Q3 results

#180

Post by Redoubts »

dhosek wrote: post #36
danhak wrote: post #10

Earlier quoted context omitted.

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.

How has Twitter's ad revenue gone? They made the policy to eschew political advertising, so they could serve as a (somewhat imperfect) control group. On the other hand, they also haven't had a high-profile advertiser pull-out like Facebook did either.

In Q2, as the COVID-19 pandemic had companies cutting ad spending across the board, Twitter's revenue fell short of analysts' expectations, falling 19% YOY, and earnings also failed to meet expectations. The one bright spot was that its number of average monetizable daily active users was 186 million, higher than expected. Twitter's stock is up 5.8% at time of writing.

https://www.investopedia.com/twitter-earnings-4706523

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