AAPL Q2 Results

[OWC Jamie]

IronMac wrote:
[quote=silvarios]
Apple Watch is an unknown still.

It's actually doing pretty decent from some reports.
That's what I've read too. Not bad considering it was never expected to sell like, say, iPods.

Software division isn't doing too bad either.


I do have some loose change and if it had dropped under 92 in Feb would have wished I had bailed a week ago.

[DP]

Pretty good article from CNET. Excerpt:

For Apple, the stakes on its flagship phone couldn't be higher. The iPhone 7 can't just be "the best iPhone ever." It needs to be the "drop everything and upgrade to the iPhone 7 NOW" phone, even if you already have the iPhone 6 or 6S.

For you, the potential buyer, that means a can't-miss combination of must-have new features wrapped up in a killer design.

The problem? It's possible that Apple just won't be able to deliver that one-two punch in 2016.

http://www.cnet.com/news/apples-iphone-7-problem/

[IronMac]

billb wrote:
I do have some loose change and if it had dropped under 92 in Feb would have wished I had bailed a week ago.

Going forward, for the foreseeable future, I think that the best we can hope for is a rangeabound AAPL at $100, give or take a few dollars. I don't see any catalysts for this stock.

The Watch is never going to be big, ApplePay will grow but it won't bring in really big bucks for a long time if ever, Apple TV is still hanging in there, iPads are dying, computers are slowing down, and the iPhone is slowing down now.

The next big thing might be for Apple to buy Tesla.

[jdc]

I guess I just dont get it -- and this doesnt really apply to Apple, but mosst big companies.

Who are the people making the "profrt and revuene forecasts"

CNN says "they missed by a mile" $1.90 vs $2. How is that "a mile"?

CNN says "Trouble in Apple is also a problem for investors at large, since the company is the most valuable stock in the Standard & Poor's 500, giving it a huge effect on the value of the market."

If thats so, then why the overhyped reporting? Wouldnt that be fueling the fire?

[hal]

Apple is gonna make A LOT of money in the near future, but it ain't gonna grow at all so it's stock price isn't gonna be shooting for the stratosphere any time soon.

In plain B&W, iphone sales DECLINED in year over year sales for the first time. This is a turning point. Earnings were down, revenue was down and margins were down.

Apple's second fiscal quarter of 2016 officially marks the first time ever that iPhone sales saw a year-over-year decline, as the company shipped 51.2 million handsets on its way to $50.6 billion in total sales.

Net quarterly income for the March frame was $10.5 billion, or $10.90 per diluted share. In contrast, in the same quarter a year ago, Apple earned $58.01 billion in revenue and $13.57 billion in revenue on sales of 61 million iPhones.

Gross margin also dipped this year, falling to 39.4 percent, compared to 40.8 percent in the same period a year ago.

http://appleinsider.com/articles/16/04/2...ch-quarter

[vision63]

Okay, pork belly prices have been dropping all morning....

vision63 the investment guru says while the existing tech may be playing out, what's up Apple's sleeves?

New office space in San Francisco's SOMA district. 76,000 sq ft
New giant 18 acre Sunnyvale complex
Plans for 4.15 million sq ft new corporate campus in San Jose
New zillion sq ft circular office (the spaceship) with many bathrooms and roller rink.

They're ramping up for the next decade and I'm sure it ain't just for fancy watches. Cars, Robot women, asphalt? Who knows. But I'm pretty sure it'll be something good.

I still say buy Apple at 80 or less. It's good for their stock to tank. Then "we" can really afford it. They're not committing to so much office space for nothing. I know that.

[3d]

Wait a cotton pickin' minute.

Why should the poor results impact the current price of the stock? The analysts already predicted poor sales this quarter months ago, and it's already worked into the price of AAPL. What BS.

[hal]

3d wrote:
Wait a cotton pickin' minute.

Why should the poor results impact the current price of the stock? The analysts already predicted poor sales this quarter months ago, and it's already worked into the price of AAPL. What BS.

Because the reality of it actually happening is gonna scare more people out of the stock. There is only one reason for a stock price to go down: more people selling than buying the stock.

[OWC Jamie]

jdc wrote:
I guess I just dont get it -- and this doesnt really apply to Apple, but mosst big companies.

Who are the people making the "profrt and revuene forecasts"

CNN says "they missed by a mile" $1.90 vs $2. How is that "a mile"?

CNN says "Trouble in Apple is also a problem for investors at large, since the company is the most valuable stock in the Standard & Poor's 500, giving it a huge effect on the value of the market."

If thats so, then why the overhyped reporting? Wouldnt that be fueling the fire?

Would you even read that article if the title was "ho-hum" ?
Or any of the authors who have nothing to gain or lose ( unless maybe they're holding shorts for sale ) except for their jobs by penning diatribes that generate ad revenue ?

If it is a fantasy you like you click again, if it is a fantasy you find absurd you might read it anyway just to see how absurd it is. Again, ad revenue.

[IronMac]

jdc wrote:
I guess I just dont get it -- and this doesnt really apply to Apple, but mosst big companies.

Who are the people making the "profrt and revuene forecasts"

CNN says "they missed by a mile" $1.90 vs $2. How is that "a mile"?

CNN says "Trouble in Apple is also a problem for investors at large, since the company is the most valuable stock in the Standard & Poor's 500, giving it a huge effect on the value of the market."

If thats so, then why the overhyped reporting? Wouldnt that be fueling the fire?

A. Well, the companies themselves make the forecasts. Of course, you can't trust them all the time so you also have pundits, analysts, etc.

B. Not sure if they said a mile but Apple has beaten estimates almost all the time for a decade. So, if you miss by ten cents instead of beating the estimate by twenty cents, then, that's a mile.

C. It's news, overhyped, maybe, maybe not. And it's incredibly important when you see how much of your retirement money is locked up in AAPL.