Apple Inc (AAPL)

[Copilotdog]

Murdered eod. Next week not sure what happens. Doesn’t look like 190

[DiscoverGold]

$AAPL $2.8 Million Unusual ITM Calls Most of these orders have been above the ask
By: Cheddar Flow | May 3, 2024

• $AAPL $2.8M Unusual ITM Calls

Most of these orders have been above the ask





Read Full Story »»»

DiscoverGold

[JJ8]

Apple share price SPREAD TRIPLE TOP BREAKOUT today on 3-May-2024. GLTA

PS: This is the first week the Weeklies confirmed the Uptrend in the Dailies seen for the last 5 trading sessions. I only have a small bite in it, unfortunately. C'est La Vie!

[Investors3]

MacDailyNews presents live notes from Apple’s Q224 conference call
Thursday, May 2, 2024 4:47 pm
3 Comments

MacDailyNews presents live notes from Apple’s Q224 Conference Call with analysts starting at 2pm PT / 5pm ET today, May 2, 2024.

This stream is best experienced on an iPhone 7 or later, iPad (5th generation or later), or iPod touch (7th generation) using Safari on iOS 12 or later; or a Mac using Safari on macOS Mojave 10.14 or later. Streaming to your TV requires an AirPlay 2–capable device, or via AirPlay to an Apple TV (2nd generation or later) with the latest Apple TV software or tvOS. Other platforms may also be able to access the stream using recent versions of Chrome, Firefox, or Microsoft Edge (MSE, H.264, and AAC required).

Apple’s live conference call webcast will begin at 2pm PT / 5pm ET here.

Apple today posted quarterly revenue of $90.753 billion (vs. $94.836 billion YoY), down 4 percent year over year, and quarterly earnings per diluted share of $1.53 (vs. $1.53 YoY).

For the quarter, analysts’ consensus estimates (per LSEG) called for Apple to report EPS of $1.50 EPS on revenue of $$90.01 billion, both of which Apple beat.

Live notes:

• AAPL After hours: $184.25 +$11.22 (+6.48%) @ 5:57PM EDT

• Luca: 45.5% – 46.5% gross margins for June; memory and foreign exchange will be slight headwinds
• Q: Commodity pricing for June quarter

• Cook: I am hearing about so many use cases; similar to how the Mac is used – you use it for everything, so, too, with the Vision Pro. It’s an enormous number of different verticals; we’re off to a good start with Vision Pro in the enterprise
• Q: Top 2-3 Vision Pro uses cases?

• Luca: We you look aver the long arc of time, we’ve gone thru a long period of a very strong dollar; so that’s something to keep in mind when you look at results
• Cook: We price our product for the value we are delivering
• Cook: Innovation spurs the upgrade cycle; economic factors play in there; carrier promotions, etc.
• Q: Do you see ways to deploy capital more to spur demand Promotions? Price decreases?

• Luca: China is by far the largest emerging market, but when you look at all of the others, the numbers are getting large; the populations are large and growing and our products are makign a lot of progress in those markets. It is very good for us, So the gap vs. China is reducing
• Q: Emerging markets growth? Can they, added up, surpass China?

• Cook: We decreased during the quarter as normal and are very comfortable with the channel inventory
• Q: iPhone channel inventory

• Cook: I can’t address the data points; I can only address our results. We did accelerate last quarter and iPhone grew in mainland China; I can’t speak to numbers coming from outside Apple
• Q: What are we missing in China, at a high level?

• Cook: We are producing there. You need to produce in China to be competitive. We continue to expand channels and are optimistic in China
• Q: China supply chain?

• Luca: Growth rates improved during 2023, so the comps are difficult, but Apple expects Services to grow double digits in Q3 Services, similar to Q2
• Luca: Overall very strong. All-time records in both developed and emerging markets
• Q: Drivers of Services growth?

• Luca: we expect to grow low single digits in Q324
• Cook: If you make the YoY adjustment on iPhone, it would be flattish YoY, not down
• Cook: GenAI is an opportunity for many of Apple’s devices; I am extremely optimistic
• Q: June quarter iPhone business to be down again? Is AI (lack thereof so far) an issue?

• Cook: Long term in China, Apple sees a lot of customers moving into the middle class; continues to be optimistic
• Cook: Acceleration from Q1, driven by iPhone, especially in mainland China, but Apple has work to do in other product categories
• Q: Economy in China?

• Luca: One step at a time. We are working very hard to get there; free cash flow has been very strong for the last several years, so that’s one reason why Apple is increasing buybacks
• Q: $58 billion net cash currently; how to get to net cash neutral?

• Luca: In general, we continue to see a lot of interest at the top of the range of our products in each category
• Q: iPhone mix tilted towards Pro models?

• Cook: Enterprise is focused on selling iPhone, iPad, Mac, and Vision Pro units
• Q: AI for the enterprise

• Cook: I think AI and GenAI both are big opportunities across our products; I think there are numerous ways that are great for Apple and the company is well-positioned; we’ll talk more about AI soon
• Q: Is AI an opportunity to monetize your mobile real estate?

• Trip to China was fantastic; I maintain a great view of China long term
• Cook: iPhone in mainland China, we grew before normalization (before supply destruction we mentioned earlier)
• Cook: In Q2, for greater China, we were down 8% due to iPhone sales
• Q: China confidence?

• Luca: Generally favorable during the quarter
• Q: Rising costs for commodity and components?

• Cook: I don’t want to get in front of our announcements; we see GenAI as a big opportunity across our products
• Generative AI monetization?

• We haven’t seen anything different within the product categories
• Luca: Down sequentially primarily due to different mix YoY, leverage plays a big role
• Q: Product gross margins? Are customers mixing down within or across product lines?

• Cook: It’s really too early to answer the question
• Q: Effect of 3rd party app stores on iPhone and iPad in the EU?

• On the CapEx front, Apple has its own data center capacity and also with 3rd parties and plans to continue along the same lines going forward
• Luca: We are obviously very excited about GenAI
• Q: Artificial Intelligence to affect historical CapEX cadence?

• Services: We’ve seen very strong, brod-based performance across the board
• Luca: We expect total revenue to grow low single digitis YoY
• Q: Outlook for products?

• Expect 45.5% – 46.5% gross margin
• Expect iPad revenue to grow double digits
• Expect Services to grow double digits
• Color: June quarter total revenue to grow low single digitis YoY

• Apple continues to plan for annual dividend increases going forward
• Apple’s board of directors has declared a cash dividend of $0.25 per share of the Company’s common stock, an increase of 4 percent
• Board of directors has authorized an additional program to repurchase up to $110 billion of the Company’s common stock
• $105 billion total debt
• Apple $162 cash and marketable securities
• Apple particularly pleased with strong performance in emerging markets

• Maestri touts Mac and Vision Pro in the enterprise

• Apple has well over 1 billion paid subscriptions across Services
• Both transacting and paid accounts reached new all-time highs
• Services revenue: $23.867 billion

• Almost 2/3rd of Apple Watch customers were new to the product in the quarter
• Wearables, home and accessories revenue: $7.913 billion

• iPad U.S. customer sat = 96%
• iPad install base hit new all-time high
• iPad revenue: $5.559 billion

• Mac sales driven by M3 MacBook Air
• Mac revenue: $7.451 billion

• iPhone customer sat in U.S = 99%
• iPhone active installed base grew to an all-time high
• iPhone revenue: $45.963 billion
• OpEx $14.4 billion, up 5% YoY
• Installed base of active devices reached an all-time high
• iPhone had a challenging compare YoY
• Luca Maestri: Revenue: $90.753 billion

• AAPL After hours: $185.21 +$12.18 (+7.04%) @ 05:12PM EDT

• Cook talks “carbon removal” projects
• Cook touts emission reductions, recycling, solar and wind power
• Apple want to become “carbon neutral” by 2030
• Cook touts privacy and protections against quantum computing
• Retail: Shanghai store opening was very exciting
• Apple Sports app released during quarter
• Promos Apple TV+ productions which win major awards
• Services revenue: $23.867 billion; all-time revenue record
• Wearables, home and accessories revenue: $7.913 billion
• Cook talks up Apple Watch; mentions AI and ML again
• iPad revenue: $5.559 billion; down 17% YoY due to difficult compare
• Cook touts M3 MacBook Air; mentions AI again
• Mac revenue: $7.451 billion, up 4% YoY
• Cook visited Southeast Asia; excited for the future
• iPhone revenue: $45.963 billion
• iPhone faced a difficult compare YoY
• Apple believes it has AI advantage that will distinguish itself; mentions neural engines and privacy focus
• Apple bullish on generative AI
• Next month WWDC – exciting!
• Exciting event coming next week
• Cook talks up Vision Pro
• Services set all-time revenue record
• Cook: Set revenue records in Latin America and Middle East, Canada, India, Span, Turkey, Indonesia

• Conference call begins
• AAPL After hours: $185.51 +$12.48 (+7.21%) @ 04:56PM EDT
• AAPL After hours: $183.99 +$10.96 (+6.33%) @ 04:46PM EDT

Related

MacDailyNews presents live notes from Apple’s Q124 conference call
Thursday, February 1, 2024
In "News"

Apple to reveal Q121 earnings results on January 27th
Monday, January 11, 2021
In "News"

Apple to release Q316 earnings, webcast live conference call on July 26th
Friday, July 22, 2016
In "News"

https://macdailynews.com/2024/05/02/macdailynews-presents-live-notes-from-apples-q224-conference-call/#google_vignette

[Investors3]

Apple reports second quarter results
May 02 2024 - 4:30PM
Business Wire

Services revenue reaches new all-time record

EPS sets March quarter record

Apple® today announced financial results for its fiscal 2024 second quarter ended March 30, 2024. The Company posted quarterly revenue of $90.8 billion, down 4 percent year over year, and quarterly earnings per diluted share of $1.53.

“Today Apple is reporting revenue of $90.8 billion for the March quarter, including an all-time revenue record in Services,” said Tim Cook, Apple’s CEO. “During the quarter, we were thrilled to launch Apple Vision Pro and to show the world the potential that spatial computing unlocks. We’re also looking forward to an exciting product announcement next week and an incredible Worldwide Developers Conference next month. As always, we are focused on providing the very best products and services for our customers, and doing so while living up to the core values that drive us.”

“Thanks to very high levels of customer satisfaction and loyalty, our active installed base of devices has reached a new all-time high across all products and all geographic segments, and our business performance drove a new EPS record for the March quarter,” said Luca Maestri, Apple’s CFO. “Given our confidence in Apple’s future and the value we see in our stock, our Board has authorized an additional $110 billion for share repurchases. We are also raising our quarterly dividend for the twelfth year in a row.”

Apple’s board of directors has declared a cash dividend of $0.25 per share of the Company’s common stock, an increase of 4 percent. The dividend is payable on May 16, 2024 to shareholders of record as of the close of business on May 13, 2024. The board of directors has also authorized an additional program to repurchase up to $110 billion of the Company’s common stock.

Apple will provide live streaming of its Q2 2024 financial results conference call beginning at 2:00 p.m. PT on May 2, 2024 at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.

Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about the Company’s plans for return of capital, the payment of its quarterly dividend, and future business plans. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Risks and uncertainties include without limitation: effects of global and regional economic conditions, including as a result of government policies, war, terrorism, natural disasters, and public health issues; risks relating to the design, manufacture, introduction, and transition of products and services in highly competitive and rapidly changing markets, including from reliance on third parties for components, technology, manufacturing, applications, and content; risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data; and effects of unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date they are made.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at [e-mail].

© 2024 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Apple Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(In millions, except number of shares, which are reflected in thousands, and per-share amounts)




Three Months Ended



Six Months Ended



March 30,
2024



April 1,
2023



March 30,
2024



April 1,
2023

Net sales:















Products

$

66,886



$

73,929



$

163,344



$

170,317



Services



23,867





20,907





46,984





41,673



Total net sales (1)



90,753





94,836





210,328





211,990



Cost of sales:















Products



42,424





46,795





100,864





107,560



Services



6,058





6,065





12,338





12,122



Total cost of sales



48,482





52,860





113,202





119,682



Gross margin



42,271





41,976





97,126





92,308



















Operating expenses:















Research and development



7,903





7,457





15,599





15,166



Selling, general and administrative



6,468





6,201





13,254





12,808



Total operating expenses



14,371





13,658





28,853





27,974



















Operating income



27,900





28,318





68,273





64,334



Other income/(expense), net



158





64





108





(329

)

Income before provision for income taxes



28,058





28,382





68,381





64,005



Provision for income taxes



4,422





4,222





10,829





9,847



Net income

$

23,636



$

24,160



$

57,552



$

54,158



















Earnings per share:















Basic

$

1.53



$

1.53



$

3.72



$

3.42



Diluted

$

1.53



$

1.52



$

3.71



$

3.41



Shares used in computing earnings per share:















Basic



15,405,856





15,787,154





15,457,810





15,839,939



Diluted



15,464,709





15,847,050





15,520,675





15,901,384



















(1) Net sales by reportable segment:















Americas

$

37,273



$

37,784



$

87,703



$

87,062



Europe



24,123





23,945





54,520





51,626



Greater China



16,372





17,812





37,191





41,717



Japan



6,262





7,176





14,029





13,931



Rest of Asia Pacific



6,723





8,119





16,885





17,654



Total net sales

$

90,753



$

94,836



$

210,328



$

211,990



















(1) Net sales by category:















iPhone

$

45,963



$

51,334



$

115,665



$

117,109



Mac



7,451





7,168





15,231





14,903



iPad



5,559





6,670





12,582





16,066



Wearables, Home and Accessories



7,913





8,757





19,866





22,239



Services



23,867





20,907





46,984





41,673



Total net sales

$

90,753



$

94,836



$

210,328



$

211,990




Apple Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(In millions, except number of shares, which are reflected in thousands, and par value)




March 30,
2024



September 30,
2023

ASSETS:

Current assets:







Cash and cash equivalents

$

32,695





$

29,965



Marketable securities



34,455







31,590



Accounts receivable, net



21,837







29,508



Vendor non-trade receivables



19,313







31,477



Inventories



6,232







6,331



Other current assets



13,884







14,695



Total current assets



128,416







143,566











Non-current assets:







Marketable securities



95,187







100,544



Property, plant and equipment, net



43,546







43,715



Other non-current assets



70,262







64,758



Total non-current assets



208,995







209,017



Total assets

$

337,411





$

352,583











LIABILITIES AND SHAREHOLDERS’ EQUITY:

Current liabilities:







Accounts payable

$

45,753





$

62,611



Other current liabilities



57,298







58,829



Deferred revenue



8,012







8,061



Commercial paper



1,997







5,985



Term debt



10,762







9,822



Total current liabilities



123,822







145,308











Non-current liabilities:







Term debt



91,831







95,281



Other non-current liabilities



47,564







49,848



Total non-current liabilities



139,395







145,129



Total liabilities



263,217







290,437











Commitments and contingencies















Shareholders’ equity:







Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,337,686 and 15,550,061 shares issued and outstanding, respectively



78,815







73,812



Retained earnings/(Accumulated deficit)



4,339







(214

)

Accumulated other comprehensive loss



(8,960

)





(11,452

)

Total shareholders’ equity



74,194







62,146



Total liabilities and shareholders’ equity

$

337,411





$

352,583




Apple Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(In millions)




Six Months Ended



March 30,
2024



April 1,
2023

Cash, cash equivalents and restricted cash, beginning balances

$

30,737





$

24,977











Operating activities:







Net income



57,552







54,158



Adjustments to reconcile net income to cash generated by operating activities:







Depreciation and amortization



5,684







5,814



Share-based compensation expense



5,961







5,591



Other



(1,971

)





(1,732

)

Changes in operating assets and liabilities:







Accounts receivable, net



7,727







9,596



Vendor non-trade receivables



12,164







14,785



Inventories



53







(2,548

)

Other current and non-current assets



(4,438

)





(4,092

)

Accounts payable



(16,710

)





(20,764

)

Other current and non-current liabilities



(3,437

)





1,757



Cash generated by operating activities



62,585







62,565











Investing activities:







Purchases of marketable securities



(25,042

)





(11,197

)

Proceeds from maturities of marketable securities



27,462







17,124



Proceeds from sales of marketable securities



4,314







1,897



Payments for acquisition of property, plant and equipment



(4,388

)





(6,703

)

Other



(729

)





(247

)

Cash generated by investing activities



1,617







874











Financing activities:







Payments for taxes related to net share settlement of equity awards



(2,875

)





(2,734

)

Payments for dividends and dividend equivalents



(7,535

)





(7,418

)

Repurchases of common stock



(43,344

)





(39,069

)

Repayments of term debt



(3,150

)





(3,651

)

Repayments of commercial paper, net



(3,982

)





(7,960

)

Other



(132

)





(455

)

Cash used in financing activities



(61,018

)





(61,287

)









Increase in cash, cash equivalents and restricted cash



3,184







2,152



Cash, cash equivalents and restricted cash, ending balances

$

33,921





$

27,129











Supplemental cash flow disclosure:







Cash paid for income taxes, net

$

14,531





$

4,894







View source version on businesswire.com: https://www.businesswire.com/news/home/20240502965412/en/

Press Contact:
Josh Rosenstock
Apple
[e-mail]
[phone]

Investor Relations Contact:
Suhasini Chandramouli
Apple
[e-mail]
[phone]

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93770672/apple-reports-second-quarter-results

[$Green$]

It’s a house of cards. Can’t wait for the feigned enthusiasm from analysts and media when they phone it in for another disappointing event next week.

[power11]

GREAT COMPANY , BUT CAN'T GROW REVENUE; SO WHAT DO WE DO ?? WE USE OUR CASH
TO BUY BACK THE STOCK !! WHAT A GENIOUS MOVE !!!
CLASSIC MISSALLOCATION OF CAPITAL !!

[stock1ace1]

$184

[DiscoverGold]

More info from Apple's $AAPL Q1 earnings report
By: Evan | May 3, 2024

• More info from Apple's $AAPL Q1 earnings report.



Read Full Story »»»

DiscoverGold

[$Green$]

This is going to sell down unless the company uses all their free cash to float the stock price lol what a ponzi

[$Green$]

Wont that sweet dividend of about $1 per share sway you?

[pepeoil]

Once again, your stupidity shines like a bright spotlight. Lol. You have never been correct on any prediction, ever. You were telling us to dump nvda a year ago. Bwahaaaa

[Agoura Guy]

APPLE'S TWISTED MANAGEMENT CAN'T THINK ***STRAIGHT***..... THEY WILL BLOW ALL OF THEIR CASH ON STOCK BUYBACKS AND DIVIDENDS WHILE THEIR CORE BUSINESS DECLINES!!!!!!!!!

LOOK AT STARBUCKS AND MCDONALD'S.... CONSUMER SPENDING IS DRYING UP!!!!!!!!!!

THIS WON'T END WELL!!!!!!!!!!!

[$Green$]

They can’t even make the alarm clock work right anymore. They’ve been phoning it in for the last few years lmao

[$Green$]

It’s like they told the analysts not to ask about Vision Pro lol

[Chartmaster]

Nailed it! Yee-Haw!!! Charts predicted the news event again!!! Head and shoulders BOTTOM!!! Target now 192.64!!! But now it's gonna be a Fuckin Huge Gap!!! I have to resort to my trading rules for options on earnings, here's the plan for the morning:

Beat & Higher Open (Also works for other Higher Open Pops)
1. Get ask quote at 7:30AM open
2. Sell 1/2 or all except for one of the position 10 ticks higher, 10% higher if trading options (Use 5-25 ticks for stock, 5 for lower dollar stock, 25 for higher dollar stock)
3. Look to sell around 7:41-7:45 AM when price is 2-3 lines above the top BB on the 5 minute daily chart, monitor the daily chart and sell when the price is above the upper daily (5 min) Bollinger Band for the second bar (Second price bar above the upper daily 5 min BB) be quick to cancel and replace at the bid or market...and sell at market if the price falls below the 5 min second bars low.
4. If prices hold up and are stable for a couple of hours(No sell off), then buy into a shorter term higher strike position so you don't miss the rest of the rally.
5. After selling 1/2 or all but one wait until 1:15PM or when most or all of the gap is filled or pulls back to the rising 20 on the 5 min chart to re-buy the other 1/2 or full position again.
6. Buy that other half at the close if price is stable, but sell entire position if prices sell off and go lower for the day
7. Do not place the sell order before the open or you might sell too cheap, remember PNRA + V

[$Green$]

Anyone know how bad Vision Pro sales were?

[$Green$]

NOTHING here but buybacks to hang your hat on

[tw0122]

$189 zone tapped then $193- $$198 if a little more squeeze left. Other then that horrible earnings year over year less revenues and considering inflation should have been better

[Agoura Guy]

DELIRIOUS PUMPTARDS BUYING ALL THEY CAN IN AH'S!!!!!!!!!

HYSTERICAL!!!!!!!!

[Big daddy wags]

I just love it when shorts get squeezed by the balls!

[Big daddy wags]

How about $15 possibly $20. Giddy-up!!

[Big daddy wags]

Giddy-up!!!!

[$Green$]

Growth PEAKED, this move is hilarious

[$Green$]

TERRIBLE report for a once unstoppable company… but… AI!!!!

[$Green$]

Nah you’re right, boomers will keep buying this stock no matter how bad it gets lol

[Chartmaster]

$180 AH!!!! Weeee!!!!! Apple leader will make BB stocks rally big tomorrow imo!

[DiscoverGold]

Apple $AAPL Just Reported Earnings: Double Beat
By: Evan | May 2, 2024

• APPLE $AAPL JUST REPORTED EARNINGS

EPS of $1.53 beating expectations of $1.51
Revenue of $90.8B beating expectations of $90.6B

APPLE $AAPL JUST INCREASED ITS DIVIDEND

Apple just declared a quarterly dividend of $0.25 per share up from its previous quarterly dividend of $0.24 per share

Read Full Story »»»

DiscoverGold

[Greedy G]

~puts is actually where I was first headed

[$Green$]

Got a 170 weekly put for $200 eod

[Greedy G]

~bought 5/3 $200 calls @.02c

[$Green$]

Could happen as long as Tim Cook doesn’t put his pants on backwards or something

[Chartmaster]

Holding 6 May 24th 180 calls here, options are cheap, price at support and turning higher, and weekly bullish stochastics divergence says big price spike coming after earnings tonight! Up $10 after hours is my call!

[$Green$]

That is definitely the setup here

[Expensivetaste281]

Sounds like an assumption but i can dig it

[Big daddy wags]

Pretty sure Apple will beat on earnings/revenue and will have great guidance going forward notwithstanding the lackluster sales in China.
China woes have been known for more than a year so that shouldn’t have a significant affect on near term or long term outlook.
Vision Pro will even provide a bigger boost than previously thought.
We may very well get a descent pop over the next week or so, and gain back the losses in PPS since December!

[$Green$]

Apple is where engineers go to die now. There’s no innovation anymore. They’re gonna say AI over and over, and promise billions in buybacks. Sounds like a Ponzi scheme. Good luck.

[power11]

DON'T WORRY BUDDY AND GET READY FOR 10% POP TOMORROW !!
AAPL IS GONNA GO UP AND UP AND UP !!! NO STOPPING IT.

[$Green$]

Price action feels like too comfortable here before earnings. They’re gonna say AI 100 times at least, but what else?

[$Green$]

Interesting!

[DiscoverGold]

The markets move in 3 opposite waves during Fed announment days. This market behavor has been studied all the way back to 1970's.

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[$Green$]

Another eod dump today

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If I had to guess, I say that was the work of the market makers.

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[$Green$]

What do we think about that huge dump yesterday?

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Watch out for Apple $AAPL increasing its dividend this week. What do you think we will get?
By: Evan | April 29, 2024

• Watch out for Apple $AAPL increasing its dividend this week

What do you think we will get?



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Analyst Upgrades Apple Stock Before Earnings
By: Schaeffer's Investment Research | April 29, 2024

• The Big Tech giant has resumed talks with OpenAI

• Apple has a mixed history of post-earnings reactions

Apple Inc (NASDAQ:AAPL) will step into the earnings confessional later this week, set to report first-quarter results after the market closes on Thursday, May 2. The Big Tech stock is in rally mode ahead of the event, last seen up 3% to trade at $174.32, thanks to an upgrade to "outperform" from "market perform" at Bernstein. Rumors are also flying that the tech giant resumed talks with OpenAI to introduce artificial intelligence (AI) technologies to some new iPhone features.

The shares are pacing for their fifth win in the last six sessions, as they bounce off this year's lows around $164. AAPL is once more testing with its 60-day moving average, a trendline that's applied pressure since January. Despite the recent rally, the equity carries a 9.4% year-to-date deficit.



Options traders have stayed the bullish course. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 50-day call/put volume ratio of 2.12 sits higher than 96% of readings from the past 12 months.

Apple stock's history of post-earnings sessions over the last two years is mixed. The security finished four of its eight next-day sessions lower, including the last three reports. AAPL averages a 3.4% swing, regardless of direction, but this time around the options pits are pricing in a much bigger 5.7% move.

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$AAPL $2.1 Million Highly Unusual Call Sell Order (Below the Bid)
By: Cheddar Flow | April 29, 2024

• $AAPL $2.1M Highly Unusual Call Sell Order (Below the Bid)

You can see the volume has been increasing steadily the past couple days

This whale is looking to collect the premium on these contracts





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[Investors3]

Bernstein upgrades Apple stock, reiterates $195 target price
Monday, April 29, 2024 11:32 am
1 Comment

Bernstein analyst Toni Sacconaghi on Monday raised his rating on Apple stock to “Outperform” from “Market Perform” and reiterated his target price of $195.

Adam Clark for Barron’s:

“The stock has derated significantly amid weak revenue growth, and investors worry that Apple’s China business is structurally impaired. We believe that Apple’s business prospects are largely unchanged…and believe the pullback provides an attractive entry point,” Sacconaghi wrote in a research note.

China has been the main culprit for weaker iPhone sales and the Bernstein analyst argues that is likely to be a cyclical issue rather than a structural problem… “In strong iPhone cycles, Apple’s China revenue typically grows much faster than Apple overall, as Chinese consumers embrace the new phone,” Sacconaghi wrote. “The strong embrace is typically followed by several quarters of weaker (and often negative year-over-year growth), as we are seeing now.”

That could be changed by the introduction of AI to the coming iPhone 16. That could help drive 10% growth in iPhone units shipped in fiscal 2025, and 10% growth in annual revenue for Apple overall, according to the Bernstein analyst.

MacDailyNews Take: Hopefully, Apple’s marketing department can work its magic on Apple’s AI features this year to make them look as compelling, groundbreaking, and stunning as possible.

Related

Bernstein: Apple iPhone 6 weekend sales may miss high expectations, but no worries
Wednesday, September 17, 2014
In "News"

Bernstein hikes Apple price target to $700 on bigger iPhone, iWatch device
Wednesday, May 28, 2014
In "News"

Bernstein: Apple stock unexciting near term; buy on pullbacks ahead of iPhone 6
Thursday, April 17, 2014
In "Opinion"

https://macdailynews.com/2024/04/29/bernstein-upgrades-apple-stock-reiterates-195-target-price/

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Today Apple Inc. (AAPL) is the best performer in the DJIA
By: Thom Hartle | April 29, 2024

• Today (8:33 CST), the best performer in the DJIA is Apple Inc. AAPL.



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Apple $AAPL has now closed below its 200D moving average for 11 consecutive weeks
By: Barchart | April 26, 2024

• Apple $AAPL has now closed below its 200D moving average for 11 consecutive weeks



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