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Apple Reports Declining Profits and Slowing Growth Again

nytimes.com

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Re: Apple Reports Declining Profits and Slowing Growth Again

#261

Post by outside1234 »

jvagner wrote: post #232
capkutay wrote: post #214

Earlier quoted context omitted.

AAPL is still undervalued compared to stocks like AMZN. Apple's P/E of 17 is amazing compared to Amazons 78. I'm not really sure why their stock isn't traded with the same enthusiasm that other tech companies see.

Apple will never get the same P/E love, because they only make like 4 things (Mac, iPhone, iPad, services). Everyone loves to hate on Apple on multiple fronts (elitist, expensive, over the hill), whereas the hate on Amazon is really about one thing.. that ol "makes no profit" canard. CLARIFICATION: I’m talking perception, not my beliefs. Uber’s a scam, as far as I can tell, but they will either pull off a miracle or…

Amazon makes a very small amount of profit for its sales. If they were forced to split out AWS, they would make no profit. Also a fact. That is a pretty scary place to be.

Re: Apple Reports Declining Profits and Slowing Growth Again

#262

Post by ajross »

DLA wrote: post #233

NY Times made a mess of this story and slanted it toward their agendas. Horrible reporting. Apple beat most estimates. Revenues grew. All time high revenue from services. Forward guidance was raised. https://www.apple.com/newsroom/2019/07/apple-reports-third-q...

That's a bit spun too, though. Revenue is up just .93%. Net income is down 12.7%. And they beat the estimates because the estimates were expecting bad news, as the overall trend has been stagnant for about two years.

Those just aren't good numbers for a company that, over the past decade, has been literally the most profitable in history. They aren't "bad" numbers, but for Apple they're sort of a disaster. The iPhone gravy train is running out of steam, basically.

Re: Apple Reports Declining Profits and Slowing Growth Again

#263

Post by ekianjo »

capkutay wrote: post #249
mhermher wrote: post #240

Earlier quoted context omitted.

Because they're dependent on selling hardware, not software. It's not rocket science, hardware doesn't scale as easily as software, so it leads to a smaller multiplier.

And amazon has 125,000 employees running their supply chain. I wouldn't call that 'easy to scale' either.

Amazon is not just moving goods, they have AWS as well and that scales very well.

Re: Apple Reports Declining Profits and Slowing Growth Again

#264

Post by Touche »

outside1234 wrote: post #257
capkutay wrote: post #249

Earlier quoted context omitted.

And amazon has 125,000 employees running their supply chain. I wouldn't call that 'easy to scale' either.

And amazon barely makes any profit, so its not clear that their business actually does scale, if they didn’t have AWS.

Their goal is not to make a profit or they would be

Re: Apple Reports Declining Profits and Slowing Growth Again

#266

Post by lstamour »

tryptophan wrote: post #244
DLA wrote: post #233

NY Times made a mess of this story and slanted it toward their agendas. Horrible reporting. Apple beat most estimates. Revenues grew. All time high revenue from services. Forward guidance was raised. https://www.apple.com/newsroom/2019/07/apple-reports-third-q...

>slanted it toward their agendas. They do this a lot. It is (rightfully) pointed out any time a right leaning website story is posted, with the whole "Note this is from X publication, and they are right leaning, so take that into consideration" comment. For some reason NYT seems immune to this criticism though.

Generally the New York Times fact-checks and corrects itself—but all newspapers spin stories for more clicks or interest. “Everything’s going okay at Apple” isn’t going to move advertisement dollars, the metric by which all news media ultimately value stories. Having worked at a newspaper or two myself, it’s inescapable. That said it’s also worth pointing out the New York Times has endorsed Republicans before... just not recently. I suppose it’s also worth noting the Republican Party wasn’t always this way, either. https://en.m.wikipedia.org/wiki/List_of_presidential_electio...

Re: Apple Reports Declining Profits and Slowing Growth Again

#267

Post by vonmoltke »

scarface74 wrote: post #239
vannevar wrote: post #237

Earlier quoted context omitted.

I'm not suggesting those were good ideas, only that they were rumors about innovative products that got a lot of attention, in part because everyone thought Apple must be up to something, because they hadn't made a big splash in a long time. Maybe the problem isn't that Apple's isn't innovating anymore, but that so many others now are as well, so innovation gets lost in the crowd. Companies like Tesla, Amazon, and Go…

Tesla - losing money Google - the only thing they are doing profitability is selling ads. Just look at Apple’s revenue split (second graph). How do you think that compares to Google? https://sixcolors.com/post/2019/07/apple-third-quarter-2019-... A “successful” product is one that you can sell for more than it costs to make. Anyone can sell dollar bills for 0.95 cents. Amazon? Yes AWS is definitely successful and inn…

> Amazon? Yes AWS is definitely successful and innovative, but the other half of Amazon?

IIRC, based on their latest report it's the other 30% (by revenue). Amazon is basically a cloud computing provider with a web store.

Re: Apple Reports Declining Profits and Slowing Growth Again

#268

Post by acchow »

noncoml wrote: post #142
gonational wrote: post #121

Earlier quoted context omitted.

If one of these major launches is a MacBook Pro with the same (or better) specs (esp video graphics) as their latest MacBook Pro, but without a TouchBar, they will get at least $2,500 from me. If one of these major launches is an iPhone X-like phone with a thumbprint reader (home button or otherwise), they will get at least another $1,000 from me.

I don’t even mind the touchbar. Just give me back the Escape key!

MacOS supports remapping caps lock to escape. No hacks needed!

Re: Apple Reports Declining Profits and Slowing Growth Again

#269

Post by jvagner »

Fnoord wrote: post #235
jvagner wrote: post #232

Earlier quoted context omitted.

Apple will never get the same P/E love, because they only make like 4 things (Mac, iPhone, iPad, services). Everyone loves to hate on Apple on multiple fronts (elitist, expensive, over the hill), whereas the hate on Amazon is really about one thing.. that ol "makes no profit" canard. CLARIFICATION: I’m talking perception, not my beliefs. Uber’s a scam, as far as I can tell, but they will either pull off a miracle or…

> whereas the hate on Amazon is really about one thing.. that ol "makes no profit" canard. Ahem [1], and while we're at it, [2] My criticism to Apple isn't that they're being expensive; it is related to right to repair and their constant efforts to hamper that. Amazon just undercuts everyone, and Turk globalizes cheap workforce. For ridiculous low payment. These are just 2 examples you did not mention. You can read m…

I don’t disagree with that, but I don’t think the market cares about that.. w/r/t Apple.

I wish they weren’t targeting the masses so completely. iPhones shouldn’t have the absolute worst charging tech in the box.

Re: Apple Reports Declining Profits and Slowing Growth Again

#270

Post by ergothus »

tryptophan wrote: post #244
DLA wrote: post #233

NY Times made a mess of this story and slanted it toward their agendas. Horrible reporting. Apple beat most estimates. Revenues grew. All time high revenue from services. Forward guidance was raised. https://www.apple.com/newsroom/2019/07/apple-reports-third-q...

>slanted it toward their agendas. They do this a lot. It is (rightfully) pointed out any time a right leaning website story is posted, with the whole "Note this is from X publication, and they are right leaning, so take that into consideration" comment. For some reason NYT seems immune to this criticism though.

> For some reason NYT seems immune to this criticism though.

Not from where I've been sitting: https://www.google.com/search?q=site%3Aycombinator.com+NYT+b...

You could argue NYT took a while to get called out, but not that they aren't getting called out.

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