Earlier quoted context omitted.
> with a tiny margin. Not true at all. Apple sells premium products at a premium price
I suspect GP meant a tiny inventory .
Yes, this is what I meant.
Apple Reports Second Quarter Results
41–50 of 84 posts
Re: Apple Reports Second Quarter Results
#42Surprised why so many people are surprised. Digital services and platforms are booming in this current climate. We have no choice but to be consuming content. App downloads (30% thank you very much), Apple TV+ ($10 a month thank you very much), Apple Music...the list goes on. That list, apart from TV+ specials, is just revenue on the backs of other work. Others taking advantage of lockdown to product more content. Wh…
But ads are supposed to be paid back by customers buying real stuff. And if they won't buy real stuff because of crisis, it just means that ads budgets will be cut soon.
I wonder what fraction of consumption people who’ve been lost their income during the crisis is. If 20% of the workforce is laid off, does that mean consumption will go down 20%? Is the salary/spending power of the group who were laid off representative of the entire workforce? Or does it skew in a particular direction.
I ask because one explanation of the disconnect is that consumer spending in general hasn’t actually dropped that much, it’s just moved away from in-person small businesses.
Re: Apple Reports Second Quarter Results
#43Earlier quoted context omitted.
Are they getting real income from Apple TV+? It launched Nov 2019 and they offered 1 year free (if you bought a qualifying device). Anecdotally, I have 1 year of free TV+ and Apple TVs, but I don't use it to watch TV+ (watching Netflix, Youtube, etc. instead).
If you have the free TV+ you should watch. Many of the shows have been really good in my opinion. Haven't watched one of the shows (besides See) that I didn't think were pretty well done.
Could you throw out some names you liked? I tried See thinking it would be really good. I was unfortunately really disappointed and stopped watching after a little over halfway through the season. It diminished my faith in the platform because it was so heavily marketed.
Your comment makes me willing to give it another shot before my year is up.
Re: Apple Reports Second Quarter Results
#44Hold onto your hats though when companies release results next quarter (in early July). Consumer spending is way down across the board (everything from appliances to travel). Early indications are the stimulus checks are being saved or used to pay off existing debt - not consuming/purchasing. The ripple effect of this sudden drop will likely be unprecedented.
That's because it's not a stimulus cheque. It's an insurance payment. You can't stimulate the economy while you're (for good reasons) shutting it down. I don't know how it is in the US but here in France I can't even go buy an appliance, or to the restaurant, or even get a fucking haircut.
Basically the same here with variations across different State and local jurisdictions.
Re: Apple Reports Second Quarter Results
#45Earlier quoted context omitted.
> Did they have a shortage of products to sell? Very much so. I ordered a new watch and it took three weeks to arrive, when usually they are just a few days. My friend who works at Apple said in March people weren't getting laptops when they joined the company because they didn't have any to give, as all the new ones were being sent to customers.
You still bought this laptop and this watch, they just didn't get it to you. Seems like apple was still selling plenty.
I’d be interested to know from someone knowledgeable whether Apple can recognize the revenue from a sale before the product has been delivered to the customer. It’s not clear to me that they can/do.
Re: Apple Reports Second Quarter Results
#46When people ask why the stock market isn't in the dumps when it feels like the whole economy is stopped, this is why. Small business isn't on the S&P, and out of the businesses in it, a large percentage of the market value is concentrated on the tech giants who aren't getting nearly as affected by the current crisis as everyone else. If they don't actually benefit from it. Still super impressive results.
Apple is doing... OK. They are still down 13% from their highs.
Boeing is trashed and announced layoffs.
GM is as well and are suspending their dividend, Ford isn't exactly happy either, and plenty of other S&P giants.
Disney has taken a huge hit due to sports/ ESPN revenue, theme parks, and cruise lines.
Small businesses aren't on the S&P 500, but unemployed people and small businesses all buy from companies in the S&P 500.
Apple also happens to have a massive cash pillow to soften their fall. Nobody else has reserves like Apple and a lot of companies have substantial debt.
The stock market hasn't quite priced in damage yet.
Re: Apple Reports Second Quarter Results
#47When people ask why the stock market isn't in the dumps when it feels like the whole economy is stopped, this is why. Small business isn't on the S&P, and out of the businesses in it, a large percentage of the market value is concentrated on the tech giants who aren't getting nearly as affected by the current crisis as everyone else. If they don't actually benefit from it. Still super impressive results.
Apple is doing... OK. They are still down 13% from their highs. Boeing is trashed and announced layoffs. GM is as well and are suspending their dividend, Ford isn't exactly happy either, and plenty of other S&P giants. Disney has taken a huge hit due to sports/ ESPN revenue, theme parks, and cruise lines. Small businesses aren't on the S&P 500, but unemployed people and small businesses all buy from companies in the…
That’s for next episode in June/July for Q2.
Re: Apple Reports Second Quarter Results
#48Earlier quoted context omitted.
If you have the free TV+ you should watch. Many of the shows have been really good in my opinion. Haven't watched one of the shows (besides See) that I didn't think were pretty well done.
Could you throw out some names you liked? I tried See thinking it would be really good. I was unfortunately really disappointed and stopped watching after a little over halfway through the season. It diminished my faith in the platform because it was so heavily marketed. Your comment makes me willing to give it another shot before my year is up.
Likewise, See seemed like it had so much potential but I didn't enjoy it much. I stopped part way as well. Admittedly I watch some pretty awful TV sometimes, so perhaps it really was just disappointment that it didn't live up to expectations.
Re: Apple Reports Second Quarter Results
#49Earlier quoted context omitted.
Apple is doing... OK. They are still down 13% from their highs. Boeing is trashed and announced layoffs. GM is as well and are suspending their dividend, Ford isn't exactly happy either, and plenty of other S&P giants. Disney has taken a huge hit due to sports/ ESPN revenue, theme parks, and cruise lines. Small businesses aren't on the S&P 500, but unemployed people and small businesses all buy from companies in the…
That’s for next episode in June/July for Q2.
> That’s for next episode in June/July for Q2.
The stock market is supposed to be a forward looking machine.
Supposed to be
Re: Apple Reports Second Quarter Results
#50Earlier quoted context omitted.
If you have the free TV+ you should watch. Many of the shows have been really good in my opinion. Haven't watched one of the shows (besides See) that I didn't think were pretty well done.
Could you throw out some names you liked? I tried See thinking it would be really good. I was unfortunately really disappointed and stopped watching after a little over halfway through the season. It diminished my faith in the platform because it was so heavily marketed. Your comment makes me willing to give it another shot before my year is up.
The Beastie Boys docu, Ghostwriter (for kids) two quick examples..