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Apple reports Q3 results

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Re: Apple reports Q3 results

#91

Post by rkochman »

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…

I don’t think RVs are a good indicator. My wife and I just bought a 32’ Class A motorhome to travel around the country in the fall, since I’m forced to work remotely and the kids will be doing school remotely. If there were no pandemic, we would have never dreamed of buying one.

Re: Apple reports Q3 results

#92

Post by crazygringo »

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.

So interesting that Apple does this around $400... meanwhile Amazon's over $3,000 and couldn't care less.

It's very curious to me how and why different companies decide whether this is important or not.

Re: Apple reports Q3 results

#93

Post by scarface74 »

cobookman wrote: post #69
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.

My iphone se2 was 400$. I got it at 50% off, so $200. That's not luxury by any means, and is price competitive even with the cheapest of android phones. Apple's lower price-point offerings might have old hardware, but its more than made up for it by just working & offering long-term support. Something no android phone can match.

The iPhone SE has the top of the line processor that is still faster than any Android phone.

Re: Apple reports Q3 results

#95

Post by sbierwagen »

eaenki wrote: post #75
anthony_r wrote: post #67

Earlier quoted context omitted.

Ah yes, selling volatility via covered calls. The institutional investors' second favourite way of collecting "extra income" in the zero rates world, second only to explicit leverage. Some of them sold much more volatility, via variance swaps, with quite disastrous results. https://www.institutionalinvestor.com/article/b1lffwvwdh7xtq...

It will never cease to amaze me. LTMC is my favorite story

LTCM

Re: Apple reports Q3 results

#96

Post by justanotheranon »

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.

you can buy a new Nokia 2.2 android phone for $100 on Amazon. it works perfectly for 99% of what you might ever need to do. phones are now at the point where PCs were in 2010--commoditized and at a technical peak. so there is no longer a compelling reason for the average person to buy the newest most expensive model every year. Apple should be dying. maybe it's delayed and we'll see Apple's first decline in revenue in 2-3 years.

Re: Apple reports Q3 results

#97

Post by jjcon »

bitxbit wrote: post #38

Anxiety induced shopping is a real thing. Leisure travel is another huge wallet share that’s been nonexistent for several months now.

Anecdotally that is totally the case for me - I’ve been spending money on lots of tech and random fun items. Despite my purchases though my spending is overall down because I’m not eating out, going on trips/vacations.

Re: Apple reports Q3 results

#98

Post by akmarinov »

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…

Somehow only Alphabet had a decline in revenue...

Re: Apple reports Q3 results

#99

Post by kitotik »

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.

Looking at the numbers, both iPad and Mac sales exceeded estimates, iPhone was inline.

Seems likely a lot of this came from laptop and iPad sales for work-from-home, and home education respectively, as opposed to frivolous luxury consumer spending.

Re: Apple reports Q3 results

#100

Post by tly_alex »

mdoms wrote: post #81
snowwrestler wrote: post #78

Earlier quoted context omitted.

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.

"The F-150 carries a base price of $28,495, which is below average for a full-size pickup truck." This is just a quick search from Google. I think ppl might have different opinion of the word "luxury". But generally I would personally not categorize things that's widely sold like F-150 or iPhone as luxury.
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