patrick.net

You would think that this would violate Apple Music's terms.

Anyone have an Apple Music account? Would be good to prove that this is real.

Houston... we have a problem....

BOOM!!!!!

After hours trading.... down 10%... to $146. (was $233. a few months ago)



Apple lowered its Q1 guidance in a letter to investors from CEO Tim Cook Wednesday.

Apple stock was halted in after-hours trading just prior to the announcement, and shares were down about 7 percent when trading resumed 20 minutes later.

Apple lowered revenue guidance to $84 billion, down from the $89 to $93 billion it had previously projected. The company lowered gross margin to about 38 percent from between 38 percent and 38.5 percent.

https://www.cnbc.com/2019/01/02/apple-warns-on-q1-results.html

Hurray, our teams are losing. Bring out the cheer-leaders. Happy new year.

I love it; I am compounding dividends so every 3 months I get some shares of AAPL for free.

I guess soon I will get a couple more shares than I did with the last dividend. I'll take it.

He who has the most shares when he wants to cash them in wins. Over the next few years, AAPL is going back up.

Nobody makes money like Apple does, over time this makes the stock go back up.

clambo says

I love it; I am compounding dividends so every 3 months I get some shares of AAPL for free.

I guess soon I will get a couple more shares than I did with the last dividend. I'll take it.

He who has the most shares when he wants to cash them in wins. Over the next few years, AAPL is going back up.

Nobody makes money like Apple does, over time this makes the stock go back up.

There seems to be an "Apple funeral" every 3-4 years when all kinds of pundits come out of woodwork to declare that APPL has no upside because they "can't innovate anymore" and "their products are overpriced"...

DASKAA says

clambo says

I love it; I am compounding dividends so every 3 months I get some shares of AAPL for free.

I guess soon I will get a couple more shares than I did with the last dividend. I'll take it.

He who has the most shares when he wants to cash them in wins. Over the next few years, AAPL is going back up.

Nobody makes money like Apple does, over time this makes the stock go back up.

There seems to be an "Apple funeral" every 3-4 years when all kinds of pundits come out of woodwork to declare that APPL has no upside because they "can't innovate anymore" and "their products are overpriced"...

I'd agree but I think this time it could be real in the sense that they won't get back to highs for a long while. Doesn't mean they won't make money. But at this point I'd like to see what is the next moneymaker now that iPhones reached their peak.

DASKAA says

There seems to be an "Apple funeral" every 3-4 years when all kinds of pundits come out of woodwork to declare that APPL has no upside because they "can't innovate anymore" and "their products are overpriced"...

The issue now is that the cell carriers aren't subsidizing the iPhone costs anymore and the consumer needs to anti-up the price upfront for the $1,000 iPhone. So, this stops growth, as the Snowflakes don't have that $1000 to spend. The poor Snowflakes end up having to keep their existing phones for more than a year, boo hoo, and can't impress their friends.

MrMagic says

The issue now is that the cell carriers aren't subsidizing the iPhone costs anymore and the consumer needs to anti-up the price upfront for the $1,000 iPhone. So, this stops growth, as the Snowflakes don't have that $1000 to spend. The poor Snowflakes end up having to keep their existing phones for more than a year, boo hoo, and can't impress their friends.

Um, no:

kt1652 says

Hurray, our teams are losing. Bring out the cheer-leaders. Happy new year.

Hahaha! There are a lot of haters out there including our native folks who are rooting against our country’s best interest. SMH!

DASKAA says

Um, no:

Um yeah...

The majority of people can't come up with $400 for an emergency. Is buying a new iPhone an emergency?

3/4 of the country live paycheck to paycheck, so no, they AREN'T running out to buy a new iPhone with their spare cash.

MrMagic says

DASKAA says

Um, no:

Um yeah...

The majority of people can't come up with $400 for an emergency.

You are moving goalposts, my friend: first it was "Snowflakes can't afford $1K to upgrade to the next iPhone" and now it's warrenesque "majority of people cant afford $400 for emergency".

I don't think Apple targets "the majority of people" in the first place - they are not interested in playing extra-high-volume extra-low-margins kinda game.

DASKAA says

You are moving goalposts, my friend: first it was "Snowflakes can't afford $1K to upgrade to the next iPhone" and now it's warrenesque "majority of people cant afford $400 for emergency".

Hmmm, I believe $450 and $1000 are more than $400. But I didn't take math class in L.A., so maybe it's different there.

DASKAA says

I don't think Apple targets "the majority of people" in the first place -

They're just the phone of choice for the poor Snowflakes... Smart people with money buy Androids.

MrMagic says

They're just the phone of choice for the poor Snowflakes... Smart people with money buy Androids.

True, but $600 for a Samsung phone isn't smart either.

$143.66/sh -14.26 (-9.03%)

Considering that they do have a shitload of cash and actually have earnings and pay a not so bad dividend, I think this is way overblown, at least compared to Tesla, FB, and Alphabet.

MrMagic says

Hmmm, I believe $450 and $1000 are more than $400. But I didn't take math class in L.A., so maybe it's different there.

Bottom line: yes, snoflakes can upgrade their phones for $450 which is far less than declared $1000. The $400 number and the group of people who alledgedly doesn't have even that are irrelevant to the conversation. It's not who Apple is catering to, pure and simple. They are irrelevant for both sides of the investment thesis on AAPL stock.

DASKAA says

The $400 number and the group of people who alledgedly doesn't have even than are irrelevant to the conversation. It's not who Apple is catering to, pure and simple.

So, 2/3rds of the population don't have or use an iPhone? Their not possible Apple customers?

Okey Dokey, never knew a iPhone was a rich mans phone...

Learn something new here every day!

Over 80% of teenagers prefer iPhone to Android — and that’s great news for Apple
https://www.businessinsider.com/apple-iphone-popularity-teens-piper-jaffray-2018-4

Wow, I didn't realize that 80%+ of teenagers are RICH!!

MrMagic says

DASKAA says

The $400 number and the group of people who alledgedly doesn't have even than are irrelevant to the conversation. It's not who Apple is catering to, pure and simple.

So, 2/3rds of the population don't have or use an iPhone? Their not possible Apple customers?

Okey Dokey, never knew a iPhone was a rich mans phone...

Learn something new here every day!

Over 80% of teenagers prefer iPhone to Android — and that’s great news for Apple
https://www.businessinsider.com/apple-iphone-popularity-teens-piper-jaffray-2018-4

Wow, I didn't realize that 80%+ of teenagers are RICH!!

This is getting bizzare. Your "thesis" jumps around from poor with no $400 and a pot to piss in, to "teenagers", to "2/3 of the population".... Yes, Apple is a luxury-goods company, no they are not interested in selling to everybody, just like BMW is not after McDonalds burger flippers money and it's a-ok.

DASKAA says

es, Apple is a luxury-goods company, no they are not interested in selling to everybody,

Oh boy... it doesn't pay to be a fanboy...... none of your arguments hold any water and aren't based on facts...

Apple knows the age of yearly iPhone upgrades is over

People just aren't willing to pay more and more cash for smaller and smaller improvements.

In a letter to investors, CEO Tim Cook noted that while the "vast majority of the year-over-year iPhone revenue decline" came from China and other emerging markets, demand wasn't as strong in developed markets either. Cook cited a handful of reasons for that, including fewer carrier subsidies, price increases due to the strength of the US dollar and customers taking advantage of "significantly reduced pricing" for iPhone battery replacements.

The company also raised the average sale price of an iPhone from $606 to $724 over the last year, so customers clearly haven't fully rejected more expensive devices.

(Wait, what, I thought they were $450.)

In the meantime, investors will just have to get used to a world where iPhone buyers upgrade after two or three years instead of every fall.

https://www.engadget.com/2019/01/03/apple-iphone-upgrades-slowing-down/

Larry Kudlow, director of the National Economic Council, said Friday that Apple’s technology may have been stolen by the Chinese.

“I don’t want to surmise too much here, but Apple technology may have been picked off by China and now China is becoming very competitive with Apple.

https://www.cnbc.com/2019/01/04/white-house-advisor-kudlow-says-apple-technology-may-have-been-picked-off-by-china.html

MrMagic says

Apple’s technology may have been stolen by the Chinese.

It's fucking guaranteed.

Apple currently over $300/sh

$310.11+0.48 (+0.15%) As of 3:26PM EST.

https://thepostmillennial.com/apple-agrees-to-record-25-million-discrimination-settlement-for-hiring-immigrants-over-us-citizens

Apple will be forced to fork over $25 million to settle claims by Biden’s Justice Department that the company illegally favored immigrant workers over American citizens and green card holders for certain jobs.

According to the Department of Justice, the tech giant didn’t recruit US citizens or permanent residents for jobs that were eligible for the permanent labor certification or PERM program, which enabled employers to sponsor immigrant workers for green cards. The practice was a violation of a federal law that bans discrimination based on citizenship.

Additionally, Apple didn’t advertise job openings that were eligible for the program on its website as it does for other positions, and the tech company required applicants to mail paper applications even though it usually permits electronic applications.

That's like 10 seconds of Apple revenue.

Apple and the DOJ are corrupt to their rotten cores.

settle claims by Biden’s Justice Department that the company illegally favored immigrant workers

Pfft. That's nothing. Remember last decade the Google/Intel/Adobe/Apple collusion to hold down high-tech salaries? That one cost $415 million, but could have been much larger if the judge decided that triple-damages were were warranted.

Green Card and Visa fraud are rampant. Meanwhile, Biden administration is laying the groundwork to allow any illegal alien who breaks the law by sneaking over the border to work legal (of course many work illegally).

Americans first; they should not hire foreigners.

clambo says

Americans first; they should not hire foreigners.

Absolutely a good idea. One current problem in the computer industry, though, is that many young Americans feel they are going to be outsourced or insourced in that field, so refuse to study it in college. (Additionally: requires studying and thinking!)

.

bottom is or near $125



.

SunnyvaleCA says

settle claims by Biden’s Justice Department that the company illegally favored immigrant workers

Pfft. That's nothing. Remember last decade the Google/Intel/Adobe/Apple collusion to hold down high-tech salaries? That one cost $415 million, but could have been much larger if the judge decided that triple-damages were were warranted.

Green Card and Visa fraud are rampant. Meanwhile, Biden administration is laying the groundwork to allow any illegal alien who breaks the law by sneaking over the border to work legal (of course many work illegally).

history repeats itself man, bigly. fucking slavers back in 1800s would not stop importing negro slaves for cheap labor. today the best option is cheap foreign labor, so they bring as much as they can. selling america down the river for profit, diluting nation and culture. we falling apart already from their greed. fuck those people and their DEI bullshit, they are fucking traitors and scum.

https://finance.yahoo.com/news/apple-overtakes-samsung-top-seller-122528536.html

Apple overtakes Samsung as top seller of smartphones

This does not surprise me, as Samsung also charges way too much for their phones. If you are going to overpay for a phone, may as well get an Apple.

zzyzzx says

https://finance.yahoo.com/news/apple-overtakes-samsung-top-seller-122528536.html

Apple overtakes Samsung as top seller of smartphones

This does not surprise me, as Samsung also charges way too much for their phones. If you are going to overpay for a phone, may as well get an Apple.

This has little to do with Samsung's pricing and everything to do with Chinese market share. Samsung used to have a huge share of the Chinese market, but with the Android operating system, Chinese markers of smartphones sorta pushed Samsung out. Samsung even closed its manufacturing facilities in China because there just ain't enough business.

Now China is trying to lean against Apple with mandates that government employees cannot use Apple smartphones. Expect Apple to be pushed out of China over time.

If you take off the about million Apple phones given to illegals this last year, well Apple's sales don't look as good.

Illegals are receiving $1,500 phones?

there’s no alternative to phones, it’s monopoly. so will go up. they can replace all white people in commercials with black trannies and still have sales.

GNL says

Illegals are receiving $1,500 phones?

Nope. Fake news. Misc needs to show a link at least. Or at least say that he saw it happen in person. Neither were done.

Let's see there were about 300000 given out in 2022. The totals for 2023 ain't been given yet, but I bet it's over 1 million.

https://abcnews4.com/news/nation-world/costly-failure-biden-admin-gave-300k-smartphones-to-migrants-costs-over-360k-a-day-cell-phone-alternatives-detention-program-ice-customs-immigration-illegal-president-white-house-joe-mexico-border

It's only our taxes.

Misc says

Let's see there were about 300000 given out in 2022. The totals for 2023 ain't been given yet, but I bet it's over 1 million.

https://abcnews4.com/news/nation-world/costly-failure-biden-admin-gave-300k-smartphones-to-migrants-costs-over-360k-a-day-cell-phone-alternatives-detention-program-ice-customs-immigration-illegal-president-white-house-joe-mexico-border

It's only our taxes.

I'm not happy about it, but at no point did it say iPhones. All phones are smart now. So they gave them phones to track them from the link you posted. That should be the news. If they can track illegals, they're tracking you too. They didn't give them iPhones.

Ok, I cede the point, but let me see if I am tracking with you, The only Smartphone manufacturers with that kind of output are Apple, Samsung and the rest are based out of mainland China. So probably our Department of Homeland Security is giving the illegals coming into our country free smartphones from a company based in Communist China with Chinese tracking gear to keep track of the millions of illegals in our country?

Your take is more accurate than mine and monumentally more funny.

Can I steal it?

Misc says

So probably our Department of Homeland Security is giving the illegals coming into our country free smartphones from a company based in Communist China with Chinese tracking gear to keep track of the millions of illegals in our country?

Bingo. I gave up on privacy because I don't do anything illegal. I know my rights. They're moving these illegals into population centers to win individual counties. They know where they are at. Even if you turn off wifi and go into airplane mode, cell towers know where you're at. Even with passcodes and facial recognition, anyone can get in your phone. I had a seizure and someone was able to get in my phone and text my office.

They moved some illegals about 10 miles east of me. Literally just dropped them off at a rural intersection in a neighboring county. Chicago has always been a shit show about this and that's why it's news all the time. It's more than just POTUS. It's House Reps and Senators that most people overlook in elections. I think it's funny when states like Florida or Texas ship them to Chicago and New York, but it's fucking illegal as well. At some point it's not funny.

Anyone not have a fence on their property even if it's a subdivision home? I have one 6' tall. Never in about a decade now have I had a solicitor knock on my door. Not once. We need walls and we need government officials to enforce the law. Someone from Ecuador will be the equivalent of a millionaire and they move back on a $10/hr wage and live like a king. Taking the money out of the country.

Misc says

Your take is more accurate than mine and monumentally more funny.

Can I steal it?

Take whatever you want. I'm not sure if this is sarcasm as I post early in the morning usually and have Joe Biden brain at times. So my comments may not always seem coherent. Insomnia sucks.

Misc says

zzyzzx says

https://finance.yahoo.com/news/apple-overtakes-samsung-top-seller-122528536.html

Apple overtakes Samsung as top seller of smartphones

This does not surprise me, as Samsung also charges way too much for their phones. If you are going to overpay for a phone, may as well get an Apple.

This has little to do with Samsung's pricing and everything to do with Chinese market share. Samsung used to have a huge share of the Chinese market, but with the Android operating system,

I got out of all of my holdings (300 shares) of Apple at $185 this year.

Still holding off on Tesla. About 947,000 Tesla's were sold in 2023 in China (compared to 555,000 in 2022), and a total of 1.8 million Tesla's were sold worldwide (compared to 1.3 million in 2022).

**********

https://www.the-express.com/finance/business/130595/tesla-apple-china-sales-byd

Tesla and Apple could be about to lose millions of customers in China as the state pushes people to opt for domestic products rather than Western technology.

Both companies have reportedly been forced into discounting many of their products to compete with Chinese competitors.

Many at China’s annual Communist Party event told the Financial Times that they are using devices from Chinese companies.

Zhan Wenlong, a nuclear physicist and party delegate, told the outlet: “For people coming here, they encourage us to use domestic phones, because phones like Apple are not safe.

“[Apple phones] are made in China, but we don’t know if the chips have back doors.”

MrMagic says

Larry Kudlow, director of the National Economic Council, said Friday that Apple’s technology may have been stolen by the Chinese.

There's nothing to steal. Apple doesn't have any technology that every other tech company doesn't have.

richwicks says

MrMagic says

Larry Kudlow, director of the National Economic Council, said Friday that Apple’s technology may have been stolen by the Chinese.

There's nothing to steal. Apple doesn't have any technology that every other tech company doesn't have.

The Chicoms are just going to crate cheap clones of the iPhone and the Teslas.

No different than the late 1990s with the advent of cheap personal computers (PCs) made in China.

.

AD says

The Chicoms are just going to crate cheap clones of the iPhone and the Teslas.

The appeal of Apple is their marketing and their "look and feel". China can't steal that without being noticed.

Apple isn't a technology company, they are a jewelry company. I honestly see Apple products as technology designed for women.

It's like Louis Vuitton and Prada, they don't make better products they make products the same as everybody else, it's their marketing. They aren't higher quality, they are just expensive because of the brand. When I have to work on an Apple computer it takes me about 10 minutes before I run into something I can trivially do on Linux or Android, which is just about impossible to do on their systems. Move an mp3 or mp4 file to your iPhone and try to play it. Basic everyday things for me become complex and stupidly difficult. I use my Android as a general storage device, for data that isn't personal and I don't care about being protected - if I have that, it's password protected.

From the point of view of an engineer, the Apple products are a nightmare of design. They take this immensely powerful machine, and dumb it down so it's like working on a computer from the late 1990s when networking wasn't taken for granted. I hate them.