Apple Inc (AAPL)

[Hen]

Guess Apple is going RED one way or another…. They just lost my confidence.

[Agoura Guy]

WOKE APPLE IS RECKLESSLY BLOWING THROUGH ITS CASH RESERVES!!!!!!

[tnc26]

Dude, better your 140 short position..Lol....Hahahahah...is you g to $180

[Investors3]

New U.S. buyback tax will force companies to think twice on how to use cash
Friday, August 5, 2022 11:48 am

U.S. Senate Democrats’ so-called “The Inflation Reduction Act,” about which there’s low confidence that the legislation will have any positive impact on the rate inflation (currently at a 40-plus-year high of 9.1%), according to the nonpartisan Penn Wharton Budget Model (PWBM), also contains a proposed 1% levy on corporations’ share repurchases will force chief financial officers to think twice about how they use their cash.

In April, Apple’s board of directors authorized an increase of $90 billion to the company’s existing buyback program.

The bill also proposes that corporations with at least $1 billion in annual income will have a new corporate minimum tax rate of 15% which, of course, will not be paid by corporations but instead passed on to consumers in the form of higher prices and/or to employees in the form of lower annual raises and/or reduced corporate profits which could hurt employees’ 401(k) and other investors’ mutual funds.

Kelly Anne Smith for Forbes:

According to the Congressional Budget Office (CBO), a federal agency that provides budget and economic information to Congress, the bill would barely make a dent on inflation in the near term — and could even nudge it upward.

If the bill passes in 2022, the CBO estimates that it would have a “negligible effect on inflation,” and in 2023 it would change inflation somewhere between 0.1 percentage point lower and 0.1 percentage point higher than it is currently.

The CBO also estimates the bill would decrease the deficit by more than $100 billion over the next decade. The federal government ran a deficit of $2.8 trillion in 2021, according to the Bipartisan Policy Center.

For further perspective, the U.S. has already committed $54 billion to Ukraine since the Russian invasion. In 2021 alone, not over a decade, the U.S. federal government spent $100 billion on highway grants ($43 billion) and health insurance premium tax credits ($57 billion).

Joe Woelfel and Rupert Steiner for Barron’s:

It is set to be a record year for U.S. buybacks, with some $1.2 trillion forecast to be spent, including bumper programs under way at Apple and Google owner Alphabet.

When choosing how to reward investors, companies like buybacks compared with dividends because they increase per-share measures of earnings and cash flow and benefit return on equity. They can be directors’ way of trying to put a floor under the share price—although they look wasteful if the stock drops.

For investors, buybacks result in capital gains that may never be taxed at all, whereas dividends require income tax to be paid.

MacDailyNews Take: As with most bills proposed in the U.S. House and Senate over past decades, this one is egregiously misnamed and may actually end up causing the exact opposite of its titled intention.

Stop the misguided crusade against domestic energy production and profligate federal spending and inflation will be stopped dead in its tracks. It’s not difficult. – MacDailyNews, May 11, 2022

We’ll find out at the end of next April, when Apple normally updates its annual capital return program, if Apple’s buyback program is affected by passage of the bill.

https://macdailynews.com/2022/08/05/new-u-s-buyback-tax-will-force-companies-to-think-twice-on-how-to-use-cash/

[Investors3]

Apple warns suppliers to follow Chinese Communist Party rules on ‘Taiwan’ labeling
Friday, August 5, 2022 9:59 am

Apple has asked suppliers to ensure that shipments from Taiwan to China strictly comply with Chinese customs regulations after a recent visit by U.S. House Speaker Nancy Pelosi to Taiwan stoked fears of rising trade barriers.

Cheng Ting-Fang and Lauly Li for Nikkei Asia:

Apple told suppliers on Friday that China has started strictly enforcing a long-standing rule that Taiwanese-made parts and components must be labeled as being made either in “Taiwan, China” or “Chinese Taipei,” sources familiar with the matter told Nikkei Asia, language that indicates the island is part of China.

The U.S. tech titan urged suppliers to treat the matter with urgency to avoid possible disruptions caused by goods and components being held for scrutiny, the people said.

Using the phrase “Made in Taiwan” on any import declaration forms, documents or cartons could cause shipments to be held and checked by Chinese customs, the sources added. Penalties for violating such a rule is a fine of up to 4,000 yuan ($592) or, in the worst-case scenario, the shipment being rejected, one of the sources said.

Apple’s warning comes after shipments from Taiwan to one of iPhone assembler Pegatron’s facilities in China were held for review on Thursday to see if the import declaration form or cartons are labeled with “Taiwan” or “Republic of China.”

Beijing has long viewed Taiwan as a part of its territory and is strongly opposed to senior U.S. officials such as House Speaker Pelosi making formal diplomatic visits to the island.

MacDailyNews Take: For the Center for Strategic and International Studies, Michael J. Green and Bonnie S. Glaser, explain the United States’ “One China” policy:

When the United States moved to recognize the People’s Republic of China (PRC) and de-recognize the Republic of China (ROC) in 1979, the United States stated that the government of the People’s Republic of China was “the sole legal Government of China.” Sole, meaning the PRC was and is the only China, with no consideration of the ROC as a separate sovereign entity.

The United States did not, however, give in to Chinese demands that it recognize Chinese sovereignty over Taiwan (which is the name preferred by the United States since it opted to de-recognize the ROC). Instead, Washington acknowledged the Chinese position that Taiwan was part of China. For geopolitical reasons, both the United States and the PRC were willing to go forward with diplomatic recognition despite their differences on this matter. When China attempted to change the Chinese text from the original acknowledge to recognize, Deputy Secretary of State Warren Christopher told a Senate hearing questioner, “[W]e regard the English text as being the binding text. We regard the word ‘acknowledge’ as being the word that is determinative for the U.S.” In the August 17, 1982, U.S.-China Communique, the United States went one step further, stating that it had no intention of pursuing a policy of “two Chinas” or “one China, one Taiwan.”

To this day, the U.S. “one China” position stands: the United States recognizes the PRC as the sole legal government of China but only acknowledges the Chinese position that Taiwan is part of China. Thus, the United States maintains formal relations with the PRC and has unofficial relations with Taiwan. The “one China” policy has subsequently been reaffirmed by every new incoming U.S. administration. The existence of this understanding has enabled the preservation of stability in the Taiwan Strait, allowing both Taiwan and mainland China to pursue their extraordinary political and socioeconomic transitions in relative peace.

https://macdailynews.com/2022/08/05/apple-warns-suppliers-to-follow-chinese-communist-party-rules-on-taiwan-labeling/

[Agoura Guy]

RED AGAIN!!!!! SELL BEFORE ITS TOO LATE!!!!!!!

[DiscoverGold]

Apple’s enviable cash supply is dwindling. Here’s what that means for the stock
By: Mark Hulbert | August 5, 2022

Apple’s cash position is plummeting, which is positive for both the company and the company’s shareholders.

Still, many Wall Street investors and analysts are seeing signs of trouble that Apple’s cash and short-term investments have shrunk to $48 billion at the end of June 2022 from $107 billion at the end of 2019 — a 55% drop.

According to a long-standing theory in corporate finance, companies with cash inventories perform worse on average than those with smaller savings accounts. This theory was expounded several decades ago by Michael Jensen, professor emeritus of business administration at Harvard Business School. In a now famous 1986 article in the American Economic Review, Jensen argued that companies would be less efficient to the extent that they hoarded more money than was needed for current operations.



Why would too much money be a bad thing? Jensen theorized that it encourages business managers to engage in foolish behavior. Jensen argued that shareholders should try to “motivate managers to spend the money rather than invest it below the cost of capital or waste it on organizational inefficiencies.”

That’s the theory. But does it hold up in practice? To gain insight, I reached out to Rob Arnott, founder of Research Affiliates. Arnott co-authored (with Cliff Asness of AQR Capital Management) in 2003 a study that provided empirical support for Jensen’s theory. Their study, which appeared in the Financial Analysts Journal, was titled “Surprise! Higher dividends = higher earnings growth.”

They analyzed corporate earnings growth over 10-year periods between 1871 and 2001 and found that earnings grew fastest after years when companies’ dividend payout ratios were highest. Companies that hoard their money instead of distributing it to shareholders performed worse on average.

In an interview, Arnott said he believes the conclusions he and Asness reached two decades ago are still valid. He therefore sees Apple’s dwindling cash supply as positive for the company’s future prospects.

What if in the future Apple needs the money it doesn’t have anymore? Arnott replied that the company should only approach the debt or equity markets to raise the money, which it would do without a hitch — provided it used the money for a productive purpose. This caveat is key to why a small supply of money is a positive, Arnott argued: It imposes market discipline and accountability for any new projects or investments a company might want to make. With high levels of cash, on the other hand, there is no such discipline or responsibility.

In any case, Apple doesn’t seem to be suffering from the reduced cash supply. Since the end of 2019, when cash and short-term investments fell by 55%, return on equity has increased from 55% to 163%, according to FactSet. Over the same period, the stock has posted a total return of 35.3% yoy, tripling the 11.1% for the S&P 500 SPX,
-0.08%.

It comes down to? As plausible as the story may be that shrinking cash levels are a bad omen, they actually appear to be a positive development. The broader implication of investment is to dig under the surface when such stories are presented.

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[Agoura Guy]

AAPL CLOSED RED TODAY!!!!!!

[Investors3]

Apple to stagger iOS and iPadOS releases
Wednesday, August 3, 2022 4:38 pm

Apple will stagger its next major mobile operating system releases, separating them by about a month, breaking from the usual method of releasing iPadOS at the same time as the new iPhone software, Bloomberg News reports citing “people with knowledge of the matter.”

Mark Gurman for Bloomberg News:

For the last several years, the tech giant has released major iPad and iPhone software updates, known as iPadOS and iOS, at the same time in September. This time around, Apple plans to put out iOS 16 during the usual period but not launch iPadOS 16 until October, said the people, who asked not to be identified because the deliberations are private.

The delay of the software is due, at least in part, to an ambitious effort to overhaul the iPad’s multitasking capabilities. The update includes a feature called Stage Manager that lets users operate several tasks at the same time, resize windows and bounce between different clusters of apps…

The change also would bring the iPadOS 16 release closer to the launch of new iPad hardware. The company is planning an updated iPad Pro with an M2 chip, along with a faster entry-level iPad with a USB-C port…

The Mac update is scheduled for release in October, the same month Apple typically rolls out major Mac software upgrades. And watchOS 9, the latest Apple Watch software, is still slated for September alongside the iPhone update.

MacDailyNews Take: The only thing shocking about this is that, since they bifurcated iOS with iPadOS, they haven’t they been doing it this way all along. New iOS with new iPhones. New iPadOS with new iPads. Logical and simple.

https://macdailynews.com/2022/08/03/apple-to-stagger-ios-and-ipados-releases/

[Investors3]

Apple looks to significantly expand its advertising business
Wednesday, August 3, 2022 12:42 pm

Apple looks to be building a demand-side advertising platform (DSP) based on recent job listings as it builds its focused play for media dollars.

Ronan Shields for Digiday:

Specifically, it is looking for a senior manager for a DSP in its ads platforms business. Whoever gets the job will be asked to “drive the design of the most privacy-forward, sophisticated demand side platform possible,” per the post. Moreover, the ideal candidate would have experience building a mobile-centric DSP and know-how when it comes to optimizing “mobile campaigns using measurement and attribution.”

A DSP is a statement of intent for any ads business — let alone one like Apple, which has grown exponentially on the back of its decision to make it harder for companies to grow their own within its ecosystem. Indeed, a DSP is a core part of an ad tech stack for any company with designs on winning more media dollars. It’s technology, or more specifically software, that lets a marketer advertise with the help of automation. The automation of the process is important because it means marketers can set up campaigns and manage them with relative ease. In turn, they’re likely to spend more.

MacDailyNews Take: As Shields notes, it remains unclear if the intended DSP is meant only for serving ads on Apple’s properties (App Store) or if it could also be intended to work on third-party apps and/or sites.

https://macdailynews.com/2022/08/03/apple-looks-to-significantly-expand-its-advertising-business/

[Scot892]

Well we already had the death cross and you know what comes after the death cross, that's right. Looks like it's setting up for a golden cross on a daily and we might see ATH before we ever see 130s again. Let's hope that you're not the one pumping for the downside.

[MitchDB]

AAPL is one of the biggest and best companies in the world

I don't need that in bold or red
Plus they have LOADS of free cash and can buy and sell anything

Thank you for your contribution, i know it's a rough day for you

[Agoura Guy]

DON'T LISTEN TO THE PUMPER SHILLS.... AAPL IS GOING BACK TO $130!!!!!

[DiscoverGold]

Apple (AAPL) Price Target Raised to $177.00
By: MarketBeat | August 1, 2022

• Apple (NASDAQ:AAPL - Get Rating) had its price objective upped by research analysts at KeyCorp from $173.00 to $177.00 in a note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage presently has an "overweight" rating on the iPhone maker's stock. KeyCorp's price target would indicate a potential upside of 9.59% from the company's current price...

Read Full Story »»»

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[DiscoverGold]

History Says Apple (AAPL) Stock Could Have Another Monumental Month
By: Schaeffer's Investment Research | August 2, 2022

• Seasonality is on the tech giant's side

• The equity just logged its biggest one-month jump since 2020

Tech giant Apple Inc (NASDAQ:AAPL) was flying high last month, The company just shared an impressive fiscal third-quarter earnings turnout, and its stock logged an 18.9% win in July, marking its best month since August 2020. While AAPL is cooling off from July's red-hot price action, last seen down 0.4% at $160.87, the stock has seasonality on its side, and could continue to climb well into August.

To be more specific, Apple stock just showed up on Schaeffer's Senior Quantitative Analyst Rocky White's list of the 25 S&P 500 (SPX) stocks with the best August returns, going back 10 years. According to this data, AAPL saw positive one-month returns 80% of the time, and averaged 7.2% jump during this time period. A similar move from its current perch could put the equity just below the $173 level -- a region AAPL hasn't touched since early April.



A closer look at the stock's technical setup shows several potential layers of support emerging. Specifically, the 160-day moving average and $159 region could act as a possible floor for the equity since it broke above both after its earnings report. Year-to-date, AAPL still suffers a 9.3% deficit. However, it's managed to rise 10.7% in the past 12 months.



The security saw a slew of mixed analyst notes following said quarterly report, though the general sentiment surrounding the iPhone maker remains resoundingly bullish. Of the 21 in coverage, just three say "hold," compared to 18 "buy" or better ratings.

An unwinding of pessimism among options traders could help push the Big Tech bellwether even higher. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock sports a 10-day put/call volume ratio of 1.04, which stands higher than 95% of readings from the past year. In other words, these players have been picking up puts at a much quicker-than-usual clip.

The equity's Schaeffer's put/call open interest ratio (SOIR) of 1.38 echoes this, as it sits higher than all other annual readings. This means short-term options traders are at their most put-biased in a year.

Read Full Story »»»

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[DiscoverGold]

$AAPL Daily. Facing some major resistance overhead after gapping over 200sma
By: ReciKnows | August 2, 2022

• $AAPL Daily. Facing some major resistance overhead after gapping over 200sma. Break below 159.50 makes this an island gap reversal (bearish)



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[DiscoverGold]

Apple SIZE ~ 5.68 Million Shares at $161.51 #darkpool activity
By: Money Flow Mel | August 2, 2022

• $AAPL SIZE #darkpool activity ~ 5.68 million shares at $161.51.



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[Investors3]

Apple’s latest debt deal could reach $6.5 billion
Monday, August 1, 2022 1:38 pm

Apple, following up record quarterly results tied to robust iPhone sales, rolled out a four-part bond deal on Monday to raise new debt in a deal that could reach $6.5 billion.

Joy Wiltermuth for MarketWatch:

The new deal from Apple could raise up to an estimated $4 billion to $6.5 billion for the technology giant through the issuance of four series of bonds with ratings of AAA from Moody’s Investors Service and AA+ from S&P Global, according to Informa global markets.

“Even though August is typically a slower issuance month,” said Tom Murphy, head of investment grade credit at Columbia Threadneedle Investments, “we estimate this year could be busier.” Murphy pointed to improved conditions for borrowers in the past month, but also ongoing macro uncertainties as potential catalysts for more robust issuance from highly rated U.S. companies in August…

The Apple debt deal, split across 7-year, 10-year, 30-year and 40-year classes of bonds, comes after a historically bad start to 2022 that has left many corporate bonds trading with steep discounts. Proceeds from the sale of bonds will be used by Apple for general corporate purposes, including stock and bond repurchases and dividend payments.

MacDailyNews Note: Apple ended its fiscal third quarter with $179 billion in cash and marketable securities. The company repaid $3 billion in maturing debt while increasing commercial paper by $4 billion, leaving Apple with total debt of $120 billion. As a result, Apple’s net cash was nearly $60 billion at the end of the quarter ended June 30, 2022.

Apple has a goal of becoming net cash neutral “over time,” meaning that the company’s debt balances will roughly offset its cash position when achieved.

https://macdailynews.com/2022/08/01/apples-latest-debt-deal-could-reach-6-5-billion/

[Agoura Guy]

AAPL CLOSED RED!!!! I TOLD YOU THIS POS WILL GO BACK DOWN!!!!!!

SUB $130 COMING!!!!!!!!!!!

[DiscoverGold]

Apple (AAPL) Regardless gap and go. 166 then 170 next upside targets if market continues..
By: Options Mike | July 31, 2022

• $AAPL no guidance but said expects big rev growth Q4.... so why not guide???

Regardless gap and go. 166 then 170 next upside targets if market continues.. Little extended here.



Read Full Story »»»

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[TRUSTUNITS1000000]

Saw this at $131

[jimmirehman]

What happened here? Lol

[jimmirehman]

You called it! Lol whoops

[DiscoverGold]

$AAPL Apple giant monthly rising wedge, trend remains bullish
By: TrendSpider | July 30, 2022

• $AAPL Apple giant monthly rising wedge, trend remains bullish.



Read Full Story »»»

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[DiscoverGold]

AAPL Apple's last weekly MACD bull cross took the stock to new ATHs
By: TrendSpider | July 29, 2022

• $AAPL Apple's last weekly MACD bull cross took the stock to new ATHs. Price currently sits <10% from a new high.



Read Full Story »»»

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[ernie44]

162.00 seems low, but there was a rollback----- was approved by the people with BADGES

[Investors3]

After Apple’s strong quarter, Citi outlines 5 reasons to buy the stock
Friday, July 29, 2022 10:43 am

Apple’s better-than-expected Q322 earnings report helped assuage investors’ worries about how a slowdown in consumer demand would impact the compnay. As sentiment on Apple turns positive, it may be time to buy the stock, Citi analysts say.

Sabrina Escobar for Barron’s:

“We would characterize this quarter as a major bullish statement on iPhone demand and Cupertino’s [the location of Apple’s main office] ability to navigate a supply chain shortage in an impressive performance,” wrote Wedbush analyst Daniel Ives on Friday.

Citi analyst Jim Suva agreed, saying he continued to see several positive drivers for Apple’s products and services in the months ahead, even though macro challenges will persist.

Suva outlined five reasons to buy the stock.
1. iPhone 14
2. Expansion of Services Segment
3. New Product Launches [AR/VR headset and “Apple Car” by 2025]
4. Demand Shift Toward Premium Products
5. Stock Buyback Program will keep boosting the shares in the long run

MacDailyNews Take: The “Apple Car” by 2025 might be quite optimistic, but Suva’s other points are solid.

It’s important to remember: Apple customers are those least affected by rampant inflation. It’s the Android and Wintel PC bottom-feeders who will be most affected by lower-end consumers pulling back discretionary spending as prices for necessities eat into their budgets.

Superior demographics, coupled with Apple’s massive mountain of cash, make Apple a safe harbor in a turbulent market.

We would characterize this quarter as a major bullish statement on iPhone demand and Cupertino’s ability to navigate a supply chain shortage in an impressive performance. — Wedbush analyst Daniel Ives on Friday.

https://macdailynews.com/2022/07/29/after-apples-strong-quarter-citi-outlines-5-reasons-to-buy-the-stock/

[Investors3]

Apple stock nears buy point after all-time record June quarter
Friday, July 29, 2022 2:02 pm

Apple stock rose Friday after the company delivered an all-time record June-quarter revenue report. Plus, Apple expects sales growth to accelerate in the September quarter as supply chain issues ease.

Patrick Seitz for Investor’s Business Daily:

The Cupertino, Calif.-based company late Thursday topped Wall Street’s estimates for its fiscal third quarter ended June 25… Total sales rose 2% year over year to $83 billion while earnings per share dropped 8% to $1.20.

Apple… said sales growth would accelerate on easing supply constraints. In the June quarter, Apple struggled with shortages of Mac computers and iPad tablets.

Apple’s revenue is more impacted by supply constraints than macroeconomic worries, Evercore ISI analyst Amit Daryanani said in a note to clients. He reiterated his buy rating on Apple stock and raised his price target to $185 from $180.

In afternoon trades on the stock market today, Apple stock rose 3.3% to $162.58. With the move, Apple climbed above its 200-day moving average line, a positive sign.

Apple stock is in a 30-week consolidation pattern with a buy point of $183.04, according to IBD MarketSmith charts. That buy point is 10 cents above the stock’s all-time high $182.94, reached on Jan. 4, based on IBD trading guidelines.

MacDailyNews Take: According to IBD, a buy point is a price level at which a stock is most likely to begin a significant advance. It also points to an area of the chart that offers the least amount of resistance to price progress.

https://macdailynews.com/2022/07/29/apple-stock-nears-buy-point-after-all-time-record-june-quarter/

[DiscoverGold]

Here's How Far Apple (AAPL) Stock May Rally on Earnings
By: TheStreet | July 29, 2022

• Apple delivered better-than-expected earnings and shares are now up 25% from the June low. Here's how to trade it from here.

Apple (AAPL) is turning heads and giving bulls something to cheer for on Friday. While shares are up “just” 3.3% so far on the day, it’s a nod that the bulls needed.

Amazon (AMZN) may be getting all the attention with its shares up 11% in a post-earnings celebration, but Apple stock is also higher following a better-than-expected quarter.

Investors were worried about potential supply chain issues and recession fears hurting sales. Turns out, it wasn’t a problem.

Apple delivered a top- and bottom-line beat and while management did not provide guidance for next quarter, the company said revenue should accelerate on a year-over-year basis.

That apparently is good enough for investors, as Apple stock stitches together its fourth straight weekly rally and is suddenly higher by 25% from the June low.

With the positive reaction across FAANG this earnings season — with exception to Meta (META) — bulls gained a key component for upside momentum. Now the question is, can it be maintained?

Trading Apple Stock After Earnings


Daily chart of Apple stock.

Chart courtesy of TrendSpider.com

Notice the way that Apple stock has been tearing higher over the last month. Shares easily cleared the key $150 to $152 area earlier this month, which was the prior month’s high and the first-quarter low.

After pushing through this zone, Apple stock ran into the 50-week moving average, pulled back to this aforementioned $150 to $152 zone and found support. This was a key development for the bulls, as it would have been easy for Apple to break down and move lower.

Instead it pushed higher ahead of earnings and now we’re seeing more follow-through as shares clear the 200-day moving average, 61.8% retracement and the weekly VWAP measure.

All of this is very impressive price action. Clearing all of these measures doesn’t mean Apple can’t go back down, but the benefit of doubt now lies with the bull case.

If the stock were to lose some of these measures — like the 200-day and 50-week moving averages, the weekly VWAP measure and short-term active support via the 10-week moving average — then the bears can harness momentum.

Until that happens though, we have to assume that the buyers are in control. If Apple can clear the $164 to $166 area, that opens the door to the 78.6% retracement near $169.

A move above that will technically put $175 to $178 resistance back in play. Given the current investing environment, that’s hard to imagine right now. However, it is possible if bulls remain in control.

As for support, bulls would love to see the $158 to $160 area hold on a pullback.

Read Full Story »»»

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[zdog]

Power, deer balls and Agoura are ALWAYS wrong with their Apple predictions, why is that?

[StocksNcash]

True !

[tnc26]

Stock market will run tomorrow and coming months due tomthe facts that corporate earnings are as bad...beated market will roaring up like in late 2020 after the initial pendemic...

[tnc26]

Shorties are f.....Lol....Hahahahah...Told ya.. don't played with the fires..

[TechWhiz]

Fantastic Revenues and Earnings.

Looks like the COVID impact in China and the War in Europe didn't impact them too much.

Keep it rolling Apple...

[DiscoverGold]

Apple iPhone Revenue, Billions (YoY %)
By: Charlie Bilello | July 28, 2022

• Apple iPhone Revenue, Billions (YoY %)
Q3'22: 40.7 (+3%)
Q3'21: 39.6 (+50%)
Q3'20: 26.4 (+2%)
Q3'19: 26 (-10%)
Q3'18: 29.9 (+20%)
Q3'17: 24.9 (+3%)
Q3'16: 24.1 (-23%)
Q3'15: 31.4 (+59%)
Q3'14: 19.8 (+9%)
Q3'13: 18.2 (+15%)
Q3'12: 15.8 (+21%)
Q3'11: 13.1 (+146%)
Q3'10: 5.3 (+74%)

Read Full Story »»»

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[DiscoverGold]

History of Apple Inc. $AAPL Revenue Since 1998
By: Charlie Bilello | July 28, 2022

• Apple Revenue (Billions)
2022(est): 393
2021: 378
2020: 294
2019: 268
2018: 266
2017: 229
2016: 216
2015: 234
2014: 183
2013: 171
2012: 157
2011: 108
2010: 65
2009: 43
2008: 37
2007: 25
2006: 19
2005: 14
2004: 8.3
2003: 6.2
2002: 5.7
2001: 5.4
2000: 8.0
1999: 6.1
1998: 5.9

Read Full Story »»»

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[JJ8]

Congrats buddy

[JJ8]

He makes great calls 'all' the time...

[nowwhat2]

Hey - Great call !





.

[DiscoverGold]

Apple beats on revenue and profit, expects growth to accelerate despite ‘pockets of softness’
By: CNBC | July 28, 2022

• Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker.
• Apple did not provide formal guidance for the quarter.
• “In terms of an outlook in the aggregate, we expect revenue to accelerate in the September quarter despite seeing some pockets of softness,” Apple CEO Tim Cook told CNBC’s Steve Kovach.

Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker.

Apple stock rose over 2% in extended trading.

Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates:

• EPS: $1.20 vs. $1.16 estimated, down 8% year-over-year

• Revenue: $83 billion vs. $82.81 billion estimated, up 2% year-over-year

• iPhone revenue: $40.67 billion vs. $38.33 billion estimated, up 3% year-over-year

• Services revenue: $19.60 billion vs. $19.70 billion estimated, up 12% year-over-year

• Other Products revenue: $8.08 billion vs. $8.86 billion estimated, down 8% year-over-year

• Mac revenue: $7.38 billion vs. $8.70 billion estimated, down 10% year-over-year

• iPad revenue: $7.22 billion vs. $6.94 billion estimated, down 2% year-over-year

• Gross margin: 43.26% vs. 42.61% estimated

Apple did not provide formal guidance for the quarter. Analysts expected the company to give fourth-quarter guidance of $1.31 in earnings per share and nearly $90 billion in sales.

“In terms of an outlook in the aggregate, we expect revenue to accelerate in the September quarter despite seeing some pockets of softness,” Apple CEO Tim Cook told CNBC’s Steve Kovach.

Apple’s revenue rose 2% during the quarter, compared to 36% growth during the same period last year and over 8% growth in the March quarter. Cook said the results were better than expected and CFO Luca Maestri said it was a “challenging operating environment.”

Chipmakers and other computer vendors have signaled that there is slowing demand for smartphones and PCs around the world as consumers grapple with recession fears and decades-high inflation. Apple’s soft growth may suggest that the consumer electronics industry — including leaders like Apple — is headed for a period of slow or no growth.

Cook told CNBC that the company is seeing inflation but will continue to make investments.

“We do see inflation in our cost structure,” Cook said. “We see it in things like logistics and wages and certain silicon components and we’re still hiring, but we’re doing it on a deliberate basis.”

Apple’s iPhone sales exceeded Wall Street expectations, suggesting that demand for iPhone 13 models remains strong even in the second half of the product’s annual release cycle. Apple typically releases new iPhones in September and sales fall as customers anticipate new models.

Cook said Apple had success attracting Android customers to become iPhone owners during the quarter.

“We had a record level of switchers and saw double digit growth for customers new to iPhone,” Cook said.

The Services business was the fastest growing segment for Apple during the quarter. It includes monthly subscriptions, payment fees, warranties, search licensing fees from Google, and revenue from the iPhone App Store.

Services grew over 12% during the quarter, although that is a decline from the 17% growth it posted in the second quarter, and down from the 27% growth it reported during the same time period last year.

Cook said Apple has 816 million current paid subscriptions, which includes anyone who subscribes to an app sold on the Apple App Store in addition to products such as Apple Music and iCloud.

Mac sales were short of consensus expectations and fell over 10% on a year-over-year basis. Cook said this was due to supply constraints and the strong dollar.

In April, Apple warned that parts shortages would hit revenue by between $4 billion and $8 billion, and Apple’s website showed extended shipping times for many Mac models during the quarter. Cook said the ultimate hit came in under $4 billion.

Apple also announced new MacBook Air models during June that did not start shipping to customers until July. MacBook Air is Apple’s best-selling computer.

Apple’s iPad declined 2% annually, but beat soft Wall Street forecasts, as iPad tablets were one of the product lines analysts believed that Apple might prioritize away from in the face of a chip shortage. Cook said that the iPad decline was also driven by supply constraints and a strong dollar.

Apple’s other products category, which includes headphones like AirPods, Apple Watches, and HomePod speakers declined over 8% on an annual basis and missed Wall Street expectations.

Apple’s business in Greater China, which includes Taiwan and Hong Kong, declined 1% on an annual basis to $14.6 billion. Cook said that result was despite major Covid restrictions that hurt demand.

Apple’s gross margin exceeded the company’s own forecast from April. Apple reported 43.26% in gross margin, over the 42% to 43% range the company suggested earlier this year.

Apple said it spent over $28 billion on share buybacks and dividends during the quarter.

Read Full Story »»»

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[Cjm1261]

Lol

[DiscoverGold]

Apple (AAPL) After Hours UP to $162.84 now.

DiscoverGold

[DiscoverGold]

Apple (AAPL) Moving UP After Hours 2.75% to $161.10 as I print.

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[DiscoverGold]

Apple earnings are out – Here are the numbers
By: CNBC | July 28, 2022

Apple reported earnings after the bell. Here are the results:

• EPS: $1.20 vs. $1.16 expected, according to Refinitiv
• Revenue: $82.96 billion vs. $82.81 billion, according to Refinitiv

Investors will look to Apple’s fourth-quarter guidance for any signs of global consumer weakness around the world. Other vendors of PCs and smartphones have said during the quarter that sales are slowing, but mostly in the low-end market as opposed to the expensive price tiers Apple focuses on.

Analysts are expecting the company to give fourth-quarter guidance of $1.31 in earnings per share and nearly $90 billion in sales.

Apple hasn’t provided guidance since the start of the pandemic in early 2020, and has instead offered some data points that suggest where its revenue and earnings will land.

Apple investors will focus on the company’s business in China, which is not only a significant market for sales but also where most of its products are assembled.

Analysts polled by FactSet predict that Apple’s Greater China sales will be around $13.79 billion, which would represent a decline from the $14.56 billion in sales a year ago.

Apple warned in April that its revenue would be negatively affected by about $4 billion to $8 billion because of supply issues, including chip shortages. Several of Apple’s supply chain facilities had production shifted or canceled as part of China’s Covid restrictions during the quarter.

Investors will also want to keep an eye on Apple’s quickly growing and profitable services business, which includes monthly subscriptions, payment fees, warranties, search licensing fees from Google, and revenue from the iPhone App Store.

Analysts surveyed by FactSet predict Services to be up 12% year-over-year, a decline from the 17% growth it posted in the second quarter and down from the 27% growth it posted in 2021.

Read Full Story »»»

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[DR. EVIL]

Oops

[tnc26]

You could he caught with your pant down badly...Lol....Hahahahah...

[power11]

I AM SHORT AND LOADED WITH PUTS...I MEAN LOADED !!

[DiscoverGold]

Apple (AAPL) Stock Inches Higher Ahead of Today's Earnings
By: Schaeffer's Investment Research | July 28, 2022

• Apple will report second-quarter earnings after the close today

• AAPL has a mostly negative post-earnings history over the past two years

One of the FAANG names reporting earnings this week, Apple Inc (AAPL) is set to announce its second-quarter earnings report after the bell today. The tech giant is expected to post earnings of $1.16 per share, which is slightly lower than last quarter's profits of $1.52 per share. The stock is inching higher ahead of the event, up 0.4% at $157.42 at last check, continuing its path higher from a June 16 one-year low of $129.04.

Apple stock has a fairly negative post-earnings history, closing six of its last eight post-earnings sessions lower, including at 3.7% drop in April. This time around, the options pits are pricing in a next-day swing of 4.5%, regardless of direction, which is slightly higher than the 4.2% move the stock has averaged over the last two years.

So far in the options pits today, 447,000 calls and 562,000 puts have exchanged hands. The September 125 and 115 puts are the most popular, with new positions being bought to open at the weekly 7/29 150-strike put, expiring tomorrow.

It's also worth noting that AAPL's Schaeffer's Volatility Scorecard (SVS) sits at a relatively high 82 out of 100. This means the security has exceeded option traders' volatility expectations over the past year -- a good thing for options buyers.

Read Full Story »»»

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[Agoura Guy]

DUMP THIS WOKE GARBAGE BEFORE THE CLOSE!!!!!!!!

TOO MANY IDIOTS LONG ON MARGIN WILL BE FORCED TO SELL!!!!!!!

[deepdj011]

https://basic-tutorials.com/news/apple-look-around-launches-extensively-in-germany/