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Apple reports Q3 results

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Re: Apple reports Q3 results

#211

Post by _8j50 »

cblconfederate wrote: post #113
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…

There is only so many trillions to be invested in stocks (because, where else?), and they have already been invested. Stock markets have for so long had a totally irrational relationship with day-to-day news, that they probably won't move the needle much.

Where else? Derivatives and commodities,bonds,etc...

Re: Apple reports Q3 results

#212

Post by zzapplezz »

fotta wrote: post #173
zzapplezz wrote: post #163

Earlier quoted context omitted.

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.

Thank you for pointing this out, I thought BRK.B had no voting rights. I looked it up and learned that BRK.A shares have 6.66 the voting power of the equivalent dollar amount of BRK.B shares. Specifically, each BRK.A share is 1,500x the economic value of BRK.B but 10,000x the voting power. [1]

It turns out that there are indeed share classes of these companies with no voting rights (GOOG, class C) but I haven't found an example of a company that doesn't have some voting shares in non-insider hands.

It's still shitty that the S&P indices barred SNAP while turning a blind eye to the existing inequities. I'm perfectly okay with them barring new split share listings but at least begin to apply it to others that benefit from the lack of corporate governance.

[1] https://berkshirehathaway.com/compab.pdf#:~:text=Berkshire%2....

Re: Apple reports Q3 results

#213

Post by raiyu »

philistine wrote: post #206
fraudsyndrome wrote: post #178

Earlier quoted context omitted.

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 correla…

I am writing this from a 2013 Macbook Air. It works fine.

Same. Amazing how well it’s held up.

I did need to do a repair on the motherboard as it stopped charging but one repair after 7 years is crazy.

Re: Apple reports Q3 results

#214

Post by kyleee »

fraudsyndrome wrote: post #178
thecupisblue wrote: post #139

Earlier quoted context omitted.

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 correla…

I still quite happily daily drive (in reality, every other day or so) a 2011 MBA upgraded to 4 gigs of ram (came with 2). I have had to replace the battery with an aftermarket one once, and other than that it's been the best machine I've ever owned. I did not update to catlina however, I fear that may be a death knell

Re: Apple reports Q3 results

#215

Post by flywheel »

alwillis wrote: post #207
flywheel wrote: post #202

Earlier quoted context omitted.

>They often last for many more years than competitors' products Apple products are often obsolete in a few years, especially iPads and iPhones. Their entire line of laptops and desktops is now practically obsolete with the move to ARM. Apple products are luxury products for people who can afford to simply throw away a device when Apple decides it's stopping support. I have several Apple devices that still boot up jus…

Apple products are often obsolete in a few years, especially iPads and iPhones. The iPhone 6s was released September 2015 and it will run iOS 14, due later this summer/fall. My daily driver is a refurb iPhone 7 (released September 2016) and I'm running the public beta of iOS 14—it runs noticeably faster than it did running iOS 13 just a few weeks ago. I’m pretty sure nothing from Samsung, Motorola or HTC that's 4 or…

>I’m pretty sure nothing from Samsung, Motorola or HTC that's 4 or 5 years-old can run this year's Android release. Or even last year's.

At least android phones can still download apps from the google app store, older iOS devices are just cut off. I have a perfectly good original iPad that's basically useless. The iPad 4 is similarly useless.

>My last machine was a 10-year old 27-inch iMac that I still use as a server.

My current workstation is 10 years old, running Windows 10 like a champ. It's got one of the first 6-core CPUs in it, a recent graphics card, and 32GB of RAM which I may upgrade to 64GB because it's cheap - I have no real reason to get a new workstation, this thing is still running circles around most recent quad-core systems. Your 10 year old mac wishes it were this capable.

I feel really sorry for anyone buying a mac now, since they will be obsolete as soon as the ARM macs are out.

Re: Apple reports Q3 results

#216

Post by kerng »

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…

You are missing Microsoft, worth now over 1.5T in your analysis. I dont even know what that means... Three times Facebook. Also Google numbers look not as bright compared to the other.

Re: Apple reports Q3 results

#217

Post by read_if_gay_ »

flatiron wrote: post #160
read_if_gay_ wrote: post #148

Earlier quoted context omitted.

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.

I dunno man. I spend my life in the command line. I don’t think anything could replace a Linux laptop right now for sheer flexibility and power.

Me too, that's what the VPS is for.

Re: Apple reports Q3 results

#218

Post by alwillis »

flywheel wrote: post #215
alwillis wrote: post #207

Earlier quoted context omitted.

Apple products are often obsolete in a few years, especially iPads and iPhones. The iPhone 6s was released September 2015 and it will run iOS 14, due later this summer/fall. My daily driver is a refurb iPhone 7 (released September 2016) and I'm running the public beta of iOS 14—it runs noticeably faster than it did running iOS 13 just a few weeks ago. I’m pretty sure nothing from Samsung, Motorola or HTC that's 4 or…

>I’m pretty sure nothing from Samsung, Motorola or HTC that's 4 or 5 years-old can run this year's Android release. Or even last year's. At least android phones can still download apps from the google app store, older iOS devices are just cut off. I have a perfectly good original iPad that's basically useless. The iPad 4 is similarly useless. >My last machine was a 10-year old 27-inch iMac that I still use as a serve…

At least android phones can still download apps from the google app store, older iOS devices are just cut off.

My 7 year-old iPhone 5s is still supported by Apple; it runs iOS 12.4.6 and I just installed a bunch of apps on it.

I feel really sorry for anyone buying a mac now, since they will be obsolete as soon as the ARM macs are out.

The first ARM Macs will start shipping in just a few months; the current Intel Macs won't be obsolete, since they too will get the new operating system and Universal apps will run just fine on both. What part of this are you not understanding?

There's a difference between not the latest and greatest (the ARM Macs) and current, supported machine, like any Mac that can run Big Sur.

I have a PowerPC iMac Mini somewhere—that's obsolete as far as Apple is concerned.

Re: Apple reports Q3 results

#219

Post by benhurmarcel »

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…

And I used a Dell XPS for 8 years. Not only Macs have good quality.
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