Apple reports Q3 results • Hacker News Board

Re: Apple reports Q3 results

#41

Post by dastbe » Thu, Jul 30, 2020, 9:24 PM UTC

meddlepal wrote: post #37

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.

What's the split price? $Close / 4?

Possibly, but its really however the market prices it.

For example, if the theory goes that more people will want to buy apple now that the price is a "steal" (people think it's harder to 2x a big number than a small number) then it could go above that on open.

Re: Apple reports Q3 results

#42

Post by dhosek » Thu, Jul 30, 2020, 9:25 PM UTC

uptown wrote: post #7

cm2187 wrote: post #4

Earlier quoted context omitted.

Remarkable? Perplexing. Like facebook revenues up while all companies are slashing their marketing budget.

You just had an entire planet told that they were going to stay at home, and that school-age children needed some type of device to learn through. That must have driven some percentage of new sales.

Not to mention things like Bowdoin providing iPad Pros with Magic Pencil and Magic keyboard to all their students (plus paying for cellular connectivity for those students who need it). I imagine this is going to have a knock-on effect where this becomes a quasi-standard setup for remote education improving Apple's bottom line going forward.

https://www.bowdoin.edu/news/2020/07/bowdoin-to-provide-ipad...

Re: Apple reports Q3 results

#43

Post by kcb » Thu, Jul 30, 2020, 9:25 PM UTC

Jommi wrote: post #35

shmatt wrote: post #6

Earlier quoted context omitted.

Unemployed Americans have (temporarily) discovered the world of fare living-wage unemployment that expires tomorrow. If you don't live in NY or CA, those extra $600 a week can go very far, and have probably helped stimulate the economy greatly

What planet are we living on? 600 a week is 2400 a month, which way over any entry level salary in Europe. How inflated are the salaries in US? Or are people used to some really abnormal level of living?

$2400 a month is pretty far below entry level for any white color job. Its about what you would earn full time in an Amazon warehouse. Or minimum wage in NYC.

Re: Apple reports Q3 results

#44

Post by chrischen » Thu, Jul 30, 2020, 9:25 PM UTC

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.

People are saving a lot of money too from not having to commute, entertainment, travel, etc. that spending shifted to consumer goods. Plus, government handed out a lot of free money on too of that.

Re: Apple reports Q3 results

#45

Post by reaperducer » Thu, Jul 30, 2020, 9:25 PM UTC

Jommi wrote: post #35

shmatt wrote: post #6

Earlier quoted context omitted.

Unemployed Americans have (temporarily) discovered the world of fare living-wage unemployment that expires tomorrow. If you don't live in NY or CA, those extra $600 a week can go very far, and have probably helped stimulate the economy greatly

What planet are we living on? 600 a week is 2400 a month, which way over any entry level salary in Europe. How inflated are the salaries in US? Or are people used to some really abnormal level of living?

600 a week is 2400 a month, which way over any entry level salary in Europe.

$2,400/month is the legal minimum wage in some cities. ($15/hour)

Re: Apple reports Q3 results

#46

Post by scarface74 » Thu, Jul 30, 2020, 9:26 PM UTC

shmatt wrote: post #6

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.

Unemployed Americans have (temporarily) discovered the world of fare living-wage unemployment that expires tomorrow. If you don't live in NY or CA, those extra $600 a week can go very far, and have probably helped stimulate the economy greatly

That’s on top of state unemployment around $400/week. That’s annualized at $52K a year. The median household income is only $65K.

Re: Apple reports Q3 results

#47

Post by quicklime » Thu, Jul 30, 2020, 9:26 PM UTC

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.

Don't forget that they've just released a new MacBook Air and iPhone SE. In hindsight this was the perfect time to be releasing cheap devices like this.

Re: Apple reports Q3 results

#48

Post by troygoode » Thu, Jul 30, 2020, 9:26 PM UTC

jandrewrogers wrote: post #16

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.

Interestingly, spending on luxury/positional goods does not decline when the economy is poor. This is a well-known effect. That is not where people tend to cut back. If you looked solely at Apple's revenue during 2008/2009 you wouldn't even know there was a crash, never mind one that was severe by any measure.

I don't disagree with your point (it is pretty interesting!) but I do think 2008 – one year after the iPhone was introduced – is a bit of a special scenario for Apple that isn't broadly applicable to other stocks/downturns.

Re: Apple reports Q3 results

#49

Post by twblalock » Thu, Jul 30, 2020, 9:26 PM UTC

shmatt wrote: post #6

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.

Unemployed Americans have (temporarily) discovered the world of fare living-wage unemployment that expires tomorrow. If you don't live in NY or CA, those extra $600 a week can go very far, and have probably helped stimulate the economy greatly

Plus, a lot of employed people got checks from the first round of stimulus -- $1200 per individual, $2400 for a married couple, and $500 per child. That's just free money for people who didn't lose their jobs. Some households have earned more during the pandemic than ever before.

Re: Apple reports Q3 results

#50

Post by throwanem » Thu, Jul 30, 2020, 9:27 PM UTC

Jommi wrote: post #35

shmatt wrote: post #6

Earlier quoted context omitted.

Unemployed Americans have (temporarily) discovered the world of fare living-wage unemployment that expires tomorrow. If you don't live in NY or CA, those extra $600 a week can go very far, and have probably helped stimulate the economy greatly

What planet are we living on? 600 a week is 2400 a month, which way over any entry level salary in Europe. How inflated are the salaries in US? Or are people used to some really abnormal level of living?

Do entry-level salaries in Europe have to cover health care? They do here. Even if you're working somewhere with a group plan, you're still taking more out of each check for medical coverage than for anything else except maybe taxes.

And if you're on your own for it, it's the same, except you pay more and the quality of care is a lot lower because the "marketplace" plans are the absolute minimum the insurers can get away with and still comply with the law.