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Apple reports Q3 results

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Re: Apple reports Q3 results

#51

Post by reaperducer »

throwanem wrote: post #14
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.

Wouldn't surprise me if a lot of people are buying new phones while they're sure they can, to avoid the risk of being stuck with an old and potentially failing one when they can't. Phones are luxury goods only up to a point. Especially once you're invested in an app store, it can cost a good deal to switch platforms. And it should be news to no one that having access to communications grows more, not less, important,…

Perhaps also that Apple is known for making quality phones. In times of economic pressure, people buy for the long-term.

Re: Apple reports Q3 results

#52

Post by ponker »

rootusrootus wrote: post #11
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 are other examples as well. For me, it is RVs. Generally people only buy them when they're feeling good about the future, so you'd expect uncertainty to be devastating right now. Nope, dealers are moving them as fast as they can get them in stock, and they're not budging on price. Normally you only pay about 2/3 MSRP for an RV. Not right now. Sucks because I want to upgrade to something a little bigger, and I d…

My dad just bought one so he could get out while social distancing.

Re: Apple reports Q3 results

#53

Post by [deleted] »

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.

[deleted]

Re: Apple reports Q3 results

#54

Post by reaperducer »

glofish wrote: post #25
rootusrootus wrote: post #11

Earlier quoted context omitted.

There are other examples as well. For me, it is RVs. Generally people only buy them when they're feeling good about the future, so you'd expect uncertainty to be devastating right now. Nope, dealers are moving them as fast as they can get them in stock, and they're not budging on price. Normally you only pay about 2/3 MSRP for an RV. Not right now. Sucks because I want to upgrade to something a little bigger, and I d…

RV's are not a good sign of recovery in this case. Usually RVs are bought in addition to other travel, they are more of a luxury item. In the current environment where booking a hotel is considered by some risky RVs are bought as a necessity if one wants to travel.

Usually RVs are bought in addition to other travel, they are more of a luxury item.

I've seen plenty of newspaper items in the last few months about people who usually fly places for summer vacation putting that money into a used, or cheap new R.V.

Aside from not being able to fly out of the country, it apparently gives them peace of mind knowing they can take their quarantine bubble with them wherever they go.

Re: Apple reports Q3 results

#55

Post by 3pt14159 »

anthony_r wrote: post #39
meddlepal wrote: post #37

Earlier quoted context omitted.

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

There is no such thing as "split price". You get 4 shares for each share you previously owned, and it's up to the market to resume trading at a new level. It's a non-event, really, except it makes some operations easier.

Yeah, it was getting a bit pricy to buy lots of 100 apple shares at a time and sell covered calls. This is much better. Honestly I think selling covered call on Apple is one of the few good plays left out there. Long term the company's value is going to keep going up, but with so much volatility in the market lately option premiums are bananas and though I expect a pretty dramatic stock market pullback Apple is one of the few companies that has very strong fundamentals and should weather it pretty well.

Re: Apple reports Q3 results

#56

Post by dhosek »

xondono wrote: post #20
Kkoala wrote: post #18

It's Q2 right? Or do they not use the calendar year for accounting?

They don’t use the calendar numbering, but I don’t really know why

There's a slight tax disadvantage in using a non-calendar fiscal year since tax brackets typically adjust upwards annually and the non-calendar accounting means that you'll be booking some revenue in year X at the less advantageous year X-1 tax rates. But other accounting matters can outweigh that.

https://www.benzinga.com/news/16/10/8617799/why-do-different...

Re: Apple reports Q3 results

#57

Post by kgwgk »

coldtea wrote: post #27
xondono wrote: post #20

Earlier quoted context omitted.

They don’t use the calendar numbering, but I don’t really know why

Apparently: For a variety of reasons, some public companies will use a non-standard or non-calendar quarterly reporting system. For example, Walmart's first quarter is February, March, and April; Apple Inc's Q1 is October, November, and December; Microsoft Corporation's Q1 is July, August, and September. In addition, certain governments use different quarter systems. The first quarter of the United States federal gov…

> Some companies have very unusual quarterly systems

This can make things quite confusing when comparing revenue or earnings between periods as years may have 52 or 53 weeks (a 2% difference) and quarters may have 12 or 13 weeks (a 8% difference).

Re: Apple reports Q3 results

#58

Post by reaperducer »

caseyohara wrote: post #15
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.

We'd have to see the product breakdown, but it's possible this could be explained by more people working from home and home schooling; people are likely spending more time on devices like tablets and laptops. If iPhone sales are up, that would indeed be remarkable. Remarkable either way because Apple stores were closed for most of the quarter.

You're right. The work-from-home angle could be part of it.

My company recently announced everyone is staying home for at least the next 10 months, and is trying to get hundreds of iPhones for everyone who didn't have a company-issued phone before.

The company my wife works for is half at work, and half at home right now, but everyone is getting new phones, just in case.

Re: Apple reports Q3 results

#59

Post by tqi »

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) Could we see other stocks dip/rise as money is reallocated?

[1] https://www.cnbc.com/2020/07/29/big-tech-including-apple-and... [2] https://siblisresearch.com/data/us-stock-market-value/

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