Apple reports Q3 results • Hacker News Board

Re: Apple reports Q3 results

#81

Post by mdoms » Thu, Jul 30, 2020, 9:50 PM UTC

snowwrestler wrote: post #78

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.

Maybe a tangent here, but I don't think it's accurate to think about Apple stuff as luxury goods. For example, I don't think the volume they do in phones aligns with the typical notion of a luxury brand. The best-selling single smartphone model on the market is the iPhone. In analogy with the car market: BMW, Mercedes, Lexus do not have a best-selling model among them. The iPhone is more like the Ford F-150, in terms…

A Ford F-150 is absolutely a luxury vehicle. And I don't see any way you can look at an Apple iPhone as anything other than a luxury purchase, regardless of the market share.

Re: Apple reports Q3 results

#82

Post by mmcconnell1618 » Thu, Jul 30, 2020, 9:51 PM UTC

reaperducer wrote: post #45

Jommi wrote: post #35

Earlier quoted context omitted.

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)

I believe it is $600 per week in addition to the normal state unemployment amount. The actual amount received is more than $600.

Re: Apple reports Q3 results

#83

Post by baxtr » Thu, Jul 30, 2020, 9:51 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.

I never thought of it as a luxury. Actually quite the opposite. A luxury is something that I pay a lot of money for but don’t use it a lot. For me at least. The price per minute used is quite low...

Re: Apple reports Q3 results

#84

Post by cercatrova » Thu, Jul 30, 2020, 9:51 PM UTC

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.

Are stock splits necessary now that many brokerages have fractional shares? It seems the true metric is percentage gained or lost rather than the price.

Re: Apple reports Q3 results

#85

Post by dillonmckay » Thu, Jul 30, 2020, 9:53 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.

Very few people are paying full price, up front.

It is like leasing a car, except it is a hand computer.

Re: Apple reports Q3 results

#86

Post by scarface74 » Thu, Jul 30, 2020, 9:53 PM UTC

throwanem wrote: post #77

scarface74 wrote: post #46

Earlier quoted context omitted.

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

Good luck staying on state unemployment for a whole year.

I did say “annualized”....

Re: Apple reports Q3 results

#87

Post by pb7 » Thu, Jul 30, 2020, 9:54 PM UTC

kcb wrote: post #43

Jommi wrote: post #35

Earlier quoted context omitted.

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.

It's $2,400/mo in addition to the regular unemployment amount. The total amount is more than many US workers, like teachers and construction workers, make while employed[0].

[0] https://fivethirtyeight.com/wp-content/uploads/2020/05/atd-U...

Re: Apple reports Q3 results

#88

Post by tricolon » Thu, Jul 30, 2020, 9:54 PM UTC

OldHand2018 wrote: post #34

xondono wrote: post #20

Earlier quoted context omitted.

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

When you start a company, you choose a "tax year" by filing a tax return. From then on out, you file your tax return the same month every year. If it's a small business, you probably find it most convenient to have the tax year be the calendar year and match up with your personal filing. Many businesses have some concept of a "selling season" that makes it really convenient to not use January through December. A reta…

Possibly related: new iOS and iPhone versions are released in mid-to-late September.

Re: Apple reports Q3 results

#89

Post by 1123581321 » Thu, Jul 30, 2020, 9:56 PM UTC

cercatrova wrote: post #84

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.

Are stock splits necessary now that many brokerages have fractional shares? It seems the true metric is percentage gained or lost rather than the price.

I don’t think splits are necessary. Fractional shares are an abstraction of share ownership though. Many people prefer not to rely on their broker for that.

Re: Apple reports Q3 results

#90

Post by mathattack » Thu, Jul 30, 2020, 9:57 PM UTC

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…

The timing is based on quarter end dates. There’s a season of a few days each quarter when everyone on a standard calendar reports. Similar companies move together on the assumption of “if Walmart has good earnings, Target should too”