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Apple reports Q3 results

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Re: Apple reports Q3 results

#221

Post by redtexture »

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.

The bond market is many times bigger. There is much more that could come to the stock market.

Re: Apple reports Q3 results

#222

Post by simonh »

nojito wrote: post #106
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.

While market cap may not be the actual realisable value of the company, that doesn't mean it's irrelevant. It's perfectly relevant when comparing the relative value of different companies, especially when they are in similar sectors. That's especially true when companies have very different numbers of issued shares.

Even then, market cap does actually correlate directly to realisable value in acquisitions. They rarely trade for exactly the market cap, but it's definitely a useful benchmark against which to compare the company's relative value to the acquirer and it's current owners.

Re: Apple reports Q3 results

#223

Post by nawwal »

jackson1442 wrote: post #142
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.

What iPad app are you using for this? And do you also have an Apple Pencil? I also do some math online tutoring, and what I’ve been doing is connecting my iPhone to my Mac, mirroring the iPhone screen on the Mac, and sharing that screen during a Skype call. Then I can use the camera app on the iPhone (mounted on a little tripod) to look down on a piece of paper that I write/draw on. I considered getting an iPad, but even with an Apple Pencil I imagine I wouldn’t feel as free as when drawing on a real piece of paper with a real pen, I’m curious as to what your thoughts on this are

Re: Apple reports Q3 results

#224

Post by mamon »

scarface74 wrote: post #186
nutshell89 wrote: post #145

Earlier quoted context omitted.

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.

There are alternative to each of the four. No one forces anyone to use any of their products. Definitely no one forces people to buy Apple’s products at a large premium over their competitors. I would say that Apple has to work harder to get users to willingly depart with their cash.

>> Apple’s products at a large premium over their competitors

What premium? Right now I'm trying to decide between Dell XPS 9500 and MacBook Pro 16" and with similar spec MacBook is actually the cheaper option.

In the smartphone space top Samsung models are also priced similarily to iPhones

Re: Apple reports Q3 results

#225

Post by corin_ »

stiglitz wrote: post #166
tly_alex wrote: post #100

Earlier quoted context omitted.

"The F-150 carries a base price of $28,495, which is below average for a full-size pickup truck." This is just a quick search from Google. I think ppl might have different opinion of the word "luxury". But generally I would personally not categorize things that's widely sold like F-150 or iPhone as luxury.

I’d gauge luxury on necessity, not commonness.

It's a bit of both, and subjective, imo.

As an example, pretty much every item of food is "luxury" if based on necessity alone. From bread to the cheapest vegetable in your location - except for items that might be the only locally available/affordable way of getting certain essential nutrients, you don't need that specific food for a healthy life.

But... if that food can only be grown on the other side of the world, and therefore is in short supply and/or very expensive relative to local wealth: suddenly maybe that vegetable, type of meat, or whatever is considered a luxury without becoming more of a dietary necessity.

Would the cheapest, most common Casio watch available be a luxury because I don't need to have the time on my wrist?

As to the subjective/contextual side: I don't know anything about pickups, but I consider my car a luxury to me, and yes that's more to do with necessity than cost - it's not a fancy car, I could afford a much more expensive one, but I very much don't need it. I've never used it in relation to work, I get my groceries delivered, etc. (But while I'd call it a luxury for my life, if asked what kind of car I have I'd never call it a "luxury car".)

Re: Apple reports Q3 results

#226

Post by hboon »

jackson1442 wrote: post #142
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.

Is that Computer Science at tertiary/undergraduate level? Or something else? If it is, is that common?

Re: Apple reports Q3 results

#227

Post by rat9988 »

ogre_codes wrote: post #116
vosper wrote: post #61

Earlier quoted context omitted.

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…

> Are these things actually luxury goods? I have a lot of trouble characterizing tools as luxury goods. I don't consider my Dewalt tools "Luxury Goods" and they cost roughly twice what basic Harbor Freight tools cost. You pay for longevity and performance. It's no different with phones/ tablets/ computers. If you want a phone or tablet that lasts 4+ years there is only one brand that offers that kind of device life.…

>You pay for longevity and performance. It's no different with phones/ tablets/ computers. If you want a phone or tablet that lasts 4+ years there is only one brand that offers that kind of device life.

I still have my samsung after 5 years. I'm not sure why you'd consider it the only brand.

Re: Apple reports Q3 results

#228

Post by puranjay »

Wohlf wrote: post #121
cblconfederate wrote: post #113

Earlier quoted context omitted.

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.

First and foremost, the stock market is not the economy. Second, stocks are primarily traded on their expected future value, not current profits, hence why companies like Tesla have a price to earnings ratio that is absurd.

Tesla's stock price makes zero sense in any plausible scenario. I understand the narrative, but unless Tesla becomes the only car company on the planet, it can't be worth 10x Ford

Re: Apple reports Q3 results

#229

Post by puranjay »

crazygringo wrote: post #66
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.

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…

> save you money in the long run

My two broken Macbooks in 3 years say otherwise.

This might have been true 5 years ago, but the countless complaints of keyboard issues with 2017-19 era Macbooks says otherwise.

Re: Apple reports Q3 results

#230

Post by shmoogy »

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.

With Blink you've got an amazing terminal that supports Mosh. Rarely use my MacBook anymore.
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