Apple Did Not Consider How Battery Replacement Program Would Impact iPhone Upgrade Rates

[PPopMatt]

Didn’t they learn before when they “did not consider, in any way, shape, or form” what it would do to throttle phones and how that would go over with customers and the public in general?

I am STILL WAITING for the iPhone6 battery to come in. Its been over 3 Weeks since the Genius Bar Appointment where my Battery was diagnosed as FAILED!

I have called the Apple Store twice to be told that There are over 3000 iPhones needing batteries at the Costa Mesa Store alone, and that there is NO ETA, Nor Priority for those phones that are UNUSABLE, like mine.

My iPhone goes to red in a few hours, crashes if you happen to want to use it, and needs to be charged by the afternoon if I want to imagine using it that day....

So NO available batteries!! I am STUCK with an INFERIOR Unusable Device. Suffering every day.

I think they should just swap it like they used to do for people caught in this dilemma.

If you've read any of my posts from the time of the iOS release, asking what you thought of iOS11 the week it came out around November 2017, you will see that I posted that even then it was CRAP, and that the 20 second delays, even when the phone was fully charged and other ******** should be avoided at all costs! Then it ruined my battery!!! Again I emphasize that throttling was never the issue...

Again, I feel that the iOS upgrade right before the "new" iPhone8 and X came out simply RUINED my older battery. I had ZERO issues with my older battery before the iOS upgrade and now it is seriously corrupted or ruined or whatever BECAUSE of the iOS11 release, and iOS coded Shenanigans inside it.

The good part of Apple and also their weakness is the fact that once "inside" their beautiful UI environment the devices themselves don't really matter, as long as they are not Effed with..as with the iOS11 release! This is why I feel that my iPhone6 is a STILL wonderful great device, and there SHOULD BE no need to update a new model every 2 years, UNLESS I want to, not because of blatant and now exposed external causes..

 

[JGIGS]

Seriously? Did you not research your purchase before dropping a grand+ on an iPhone? Did you not evaluate the device during your return window?

I am not one to upgrade every model; instead I make my phone last as long as possible. I have owned an iPhone 4, 5S, and 6+. I would not have upgraded if the 6+ had not stopped functioning due to physical damage. However, I purchased the X over the others and have never looked back. It is not nearly as large with a case as the Plus versions are, and the way iOS is designed for the X provides the best iPhone experience to date. FaceID is a big jump in convenience and usability, and the speakers are excellent for a phone, and the battery life is excellent as well. The only complaint I have is the continued lack of a headphone jack.

Buddy you think people know that they aren't going to get used to new gestures within 2 weeks? That's how long I had to decide to return it.

Going to disagree with FaceID being convenient. I find Touch ID way more convenient and faster. But I know a lot of people seem to like face ID so call it personal preference.
[doublepost=1517604988][/doublepost]

Clumsy?

You might have a bad one. My X is running great.

I went from a 6s plus to a Note8 and now I’m using the X. I love the X and do not miss the gross clicky button.

Just an opinion and I'm not the only that shares it. Glad it works for you though.

 

[justint1989]

That doesn’t affect anything everyone is saving to buy the iPhone X

It’s not even having to save 1,000 for the X. The payment plans are ridiculous! 41 a month on Sprint for the X and the insurance went up to 17. That’s 58 dollars extra a month. If you have a plan with two people you’re looking at an additional 116 dollars. That’s not including the plan price. It’s just ridiculous! I can afford it myself, but I don’t want my bill to raise anymore than it already is.

 

[dampfnudel]

I can’t believe that Apple didn’t take that into account. I know it’s good PR to say that, but we all know Apple is meticulous with every action they take. Any prudent and responsible company would.

 

[Jimmy James]

Yea I kinda wish I bought a used 6s and just replaced the battery instead of this clumsy and very expensive iPhone X. Unless Apples comes up with a new UI for this model I suggest people stick with older models or Android.

Truth. I saw this coming last year and got a 128 6s for a pittance. I'm perfectly satisfied and I didn't spend much money. As long as there aren't artificial slowdowns in the future I imagine I'll be happy with it for a long time.

 

[Nunyabinez]

What I would like to know is just how long it would have taken for someone else to discover this had not some kid on Reddit run the experiment.

People are assuming that the throttling was so apparent that it would drive someone to buy a new phone, yet it took some time before someone actually documented that it was happening. There is a lot of post hoc memory revision going on where people claim that they totally noticed for months how slow their phone had become AFTER the slow down was exposed. I upgraded to an X from a 6S+ and it had nothing to do with speed or lack thereof.

I happen to think that Apple really thought that no one would notice because in the vast majority of cases the slowdown isn't blatantly obvious. I also think that not telling customers was foolish and wrong, but not because the fix was malicious (self-serving, but not premeditated forced obsolescence).

The cynicism of many on here claiming that Apple was plotting to screw over the very people that are responsible for their success and even existence says more about them than it does about Apple.

 

[bmark]

I can’t believe that Apple didn’t take that into account. I know it’s good PR to say that, but we all know Apple is meticulous with every action they take. Any prudent and responsible company would.

Typical smoke and mirrors from Apple. They didn't take into account how the throttling would impact users iOS experience either apparently. Their low Q2 forecast shows a major decline in iPhone X sales, so much for their super upgrade cycles.

 

[sdf]

They are obviously smart people. To say they didn't even think about it is very disingenuous.

Part of being smart is putting on the right hat for a discussion. Financial hats have no place when sorting out a problem like this, unless it's something saying "we actually cannot afford this."

 

[pincud]

During today's earnings call covering the first quarter of 2018, Apple CEO Tim Cook was asked whether investors should be concerned about slowing upgrade rates due to Apple's battery replacement program and the fact that consumers may opt to replace their batteries instead of purchasing a new iPhone.

In response, Cook said that he couldn't answer because it wasn't something that Apple took into account. Apple "did not consider, in any way, shape, or form, what it would do to upgrade rates," said Cook.In the same answer, Cook said the iPhone has fantastic reliability, and that the previously-owned market is continually expanding, with customers handing down older iPhones and using trade-ins to get new devices. Cook said he believes customers handing their devices down is a positive, because "the more people on iPhone, the better."

Following the revelation that Apple introduced power management features that slow older iPhones in order to prevent unexpected shutdowns in devices with degraded batteries, Apple was accused of planned obsolescence and deliberately slowing devices to prompt customers to upgrade.

Apple has vehemently denied that the power management features were implemented to spur customers to upgrade, and the company has said that instead, the features were meant to expand the life of an iPhone for as long as possible.

Apple has apologized for the misinformation that has circulated about the power management features, and it has also introduced a program allowing customers to get $29 battery replacements for the iPhone 6 and newer. In iOS 11.3, Apple will provide more information about battery health and give customers the option to toggle off the power management feature all together.

Article Link: Apple Did Not Consider How Battery Replacement Program Would Impact iPhone Upgrade Rates

[doublepost=1517678343][/doublepost]I do hope that Apple looses all the cases brought against it and I do hope it goes bankrupt. It would be great to see it in that position.

 

[sirozha]

A truly ridiculous assessment of Cook.

They just made $20B in PROFIT in 90 days. As a shareholder, I can see he’s doing a fantastic job.

Apple cares about long term shareholders, not traders. Luca basically said those words on the earnings call today. What’s good for customers will be good for shareholders in the long term.

It was reported that iPhone, iPad and Mac had the highest customer loyalty and satisfaction ever on Today’s earnings call.

Do you see how well AAPL has done since they reported for Q1 2018? Here’s the problem: the only real product line that makes the kind of profits that justify the current AAPL valuation is the iPhone. Apple has no Plan B. Now that the world smartphone demand is slowing, what’s the next big thing for Apple? Can you answer this question?

I’ve been long on AAPL for over 10 years, but I’m starting to notice the sputtering in the Apple’s engine. I’ve been through many highs and lows. I know that Wall Street takes AAPL down a few notches after a lackluster quarter; not a terrible quarter but a lackluster one. This time, it was not a lackluster quarter; it was a very good one. Not excellent but a very good one.

You can’t blame Wall Street for being apprehensive about Apple’s future earnings, profits, and growth when the global smartphone market is slowing down and Apple has no real alternative product line that can be the next cash cow. The iPads, Macs, Apple TV, and Apple Watch will not compensate for lower numbers of iPhones. There needs to be a “new big thing”. Where is it? Ask the bean counter whom you so admire. He’s got nothing besides the $300 billion sitting in the bank and a new campus in Cupertino.

 

[Baymowe335]

Do you see how well AAPL has done since they reported for Q1 2018? Here’s the problem: the only real product line that makes the kind of profits that justify the current AAPL valuation is the iPhone. Apple has no Plan B. Now that the world smartphone demand is slowing, what’s the next big thing for Apple? Can you answer this question?

I’ve been long on AAPL for over 10 years, but I’m starting to notice the sputtering in the Apple’s engine. I’ve been through many highs and lows. I know that Wall Street take Apple down a few notches after a lackluster quarter. Not a terrible quarter but a lackluster one. This time, it was not a lackluster quarter. It was a very good one. Not excellent but a very good one.

You can’t blame Wall Street for being apprehensive about Apple’s future earnings, profits, and growth when the global smartphone market is slowing down and Apple has no real alternative product line that can be the next cash cow. The iPads, Macs, Apple TV, and Apple Watch will not compensate for lower numbers of iPhones. There needs to be a “new big thing”. Where is it? Ask the bean counter whom you so admire. He’s got nothing besides $300 billion sitting in the bank and a new campus in Cupertino.

I've seen it and responded to it in multiple posts.

What sputtering exactly? They just made the most profit and revenue ever and guided for a 20% increase in sales in Q2.

Just to recap...Did you see Google was down even more after their report? Did you see the Dow was down 666 points Friday? I'm sure no one at Google is panicking either. This is the nature of markets. Very reactionary. Very complex to try to understand one down day. Apple's quarter was fantastic. Apple's profitability and sales were up 13% y/y. Any long term investor can see this is positive. Apple is being controlled by short sellers and short term traders at the moment. Value will always win out over time. I will continue to buy on weakness. Long long term holder.

The new big thing is services and selling hardware at an even higher premium. Services are growing at 20% and growing the base of 1.3B active devices. Paid subscribers is up to 240M users. Apple Music, Cloud, etc. ApplePay grew over 100% y/y. Watch grew 50%. More devices, more people using services.

I ask you this. What other company grew earnings 13% y/y and trades at 11 times earnings ex-cash? You can be apprehensive all you want...the numbers speak for themselves. They grew 13% top and bottom line y/y and guided for $62B in revenue in Q2, a 20% increase over Q2 in 2017. I like a lot of other companies, but you're going to pay 200+ times earnings to own AMZN who essentially is a low margin retailer with a good cloud business (highly competitive).

Not sure what you're seeing that is negative other than a market that sent the shares down over 4% when the Dow took a 666 point dive. The stock was up almost 4% after they reported. It was down the following day because everything was down. You worried about the 77.3M iPhones they sold at $800/each not being enough? Would 80M really have changed your opinion? Adjusted for a 13 week quarter, they sold over 82M iPhones. Feel better?

I actually agree with Cook. Judging the entire company over some arbitrary 90 day period of iPhone sales in incredibly myopic. The selling in Apple was due to jitters in the entire market. Quality went down the tubes Friday.

Apple is also about the update their capital return program and have $163B in net cash that is basically going to go toward a new round of buybacks. Mathematically, this will grow EPS and reduce share count that will create a price floor. I hope the stock is down more Monday so Apple can resume the rest of their $36B in buyback authorization on Tuesday (legally when they can) and buy more shares than they would if it popped.

 

[Michael Goff]

Do you see how well AAPL has done since they reported for Q1 2018? Here’s the problem: the only real product line that makes the kind of profits that justify the current AAPL valuation is the iPhone. Apple has no Plan B. Now that the world smartphone demand is slowing, what’s the next big thing for Apple? Can you answer this question?

I’ve been long on AAPL for over 10 years, but I’m starting to notice the sputtering in the Apple’s engine. I’ve been through many highs and lows. I know that Wall Street takes AAPL down a few notches after a lackluster quarter; not a terrible quarter but a lackluster one. This time, it was not a lackluster quarter; it was a very good one. Not excellent but a very good one.

You can’t blame Wall Street for being apprehensive about Apple’s future earnings, profits, and growth when the global smartphone market is slowing down and Apple has no real alternative product line that can be the next cash cow. The iPads, Macs, Apple TV, and Apple Watch will not compensate for lower numbers of iPhones. There needs to be a “new big thing”. Where is it? Ask the bean counter whom you so admire. He’s got nothing besides the $300 billion sitting in the bank and a new campus in Cupertino.

I don’t know why people keep betting against the iPhone. Even if the total sales cut in half, they’d still be making huge amounts of money. As for him having nothing but money? A strong computer business, a strong wearable business, and a strong services business aren’t nothing. Sure, they’re no iPhone. But what is, really? The iPhone business alone is bigger than Alphabet. Nothing will ever be that big.

 

[I7guy]

[doublepost=1517678343][/doublepost]I do hope that Apple looses all the cases brought against it and I do hope it goes bankrupt. It would be great to see it in that position.

While anything could happen, I’m highly doubting that scenario.

 

[Michael Goff]

While anything could happen, I’m highly doubting that scenario.

Also, that person is hoping that over a hundred thousand people lose their jobs.

 

[sirozha]

I've seen it and responded to it in multiple posts.

What sputtering exactly? They just made the most profit and revenue ever and guided for a 20% increase in sales in Q2.

Just to recap...Did you see Google was down even more after their report? Did you see the Dow was down 666 points Friday? I'm sure no one at Google is panicking either. This is the nature of markets. Very reactionary. Very complex to try to understand one down day. Apple's quarter was fantastic. Apple's profitability and sales were up 13% y/y. Any long term investor can see this is positive. Apple is being controlled by short sellers and short term traders at the moment. Value will always win out over time. I will continue to buy on weakness. Long long term holder.

The new big thing is services and selling hardware at an even higher premium. Services are growing at 20% and growing the base of 1.3B active devices. Paid subscribers is up to 240M users. Apple Music, Cloud, etc. ApplePay grew over 100% y/y. Watch grew 50%. More devices, more people using services.

I ask you this. What other company grew earnings 13% y/y and trades at 11 times earnings ex-cash? You can be apprehensive all you want...the numbers speak for themselves. They grew 13% top and bottom line y/y and guided for $62B in revenue in Q2, a 20% increase over Q2 in 2017. I like a lot of other companies, but you're going to pay 200+ times earnings to own AMZN who essentially is a low margin retailer with a good cloud business (highly competitive).

Not sure what you're seeing that is negative other than a market that sent the shares down over 4% when the Dow took a 666 point dive. The stock was up almost 4% after they reported. It was down the following day because everything was down. You worried about the 77.3M iPhones they sold at $800/each not being enough? Would 80M really have changed your opinion? Adjusted for a 13 week quarter, they sold over 82M iPhones. Feel better?

I actually agree with Cook. Judging the entire company over some arbitrary 90 day period of iPhone sales in incredibly myopic. The selling in Apple was due to jitters in the entire market. Quality went down the tubes Friday.

Apple is also about the update their capital return program and have $163B in net cash that is basically going to go toward a new round of buybacks. Mathematically, this will grow EPS and reduce share count that will create a price floor. I hope the stock is down more Monday so Apple can resume the rest of their $36B in buyback authorization on Tuesday (legally when they can) and buy more shares than they would if it popped.

AAPL hit $180 per share on January 18 and $179.10 on January 23. It’s now 10.8% down from its highs two weeks ago. What happened last Friday was a 4% decline from the closing price on Thursday, which is less than 4 points in the 10-point decline in the past two weeks. In the overall market, a 10% decline is called a correction. How do you not see a 10.8% decline in two weeks as a dramatic decline in the value of AAPL? I know it happened before, but not with such great numbers in a quarterly report.

I used to be of the same opinion that AMZN is a hype, as the company kept losing money or broke even in their best quarters. However, AMZN is providing a tremendous gain for the shareholders while havily investing in all sorts of areas. In the long run, what’s important for shareholders is the value of their portfolio. If Wall Street doesn’t value the business model that Apple is currently employing, i.e. stashing hoards of cash, then who is to say that Amazon’s business model of investing all of their profits is inferior? In the long run, this money that Apple is stashing away belongs to shareholders. If Apple is not interested in branching out and investing in new areas, then this money should be returned to shareholders. Even though I understand buybacks, I don’t think Wall Street is impressed with the AAPL low P/E ratio. AMZN P/E ratio is 14 times that of AAPL’s. That doesn’t seem to make any difference for Wall Street, as AMZN has been their favorite for years now.

So, instead of throwing billions of dollars at buybacks to boost the share price and then lose 10% of value in two weeks because of a rumor, it would be much better to return the cash to shareholders in the form of a dividend. How much did Apple spend on boosting it’s share price by $20 via buybacks? I’m sure tens of billions of real cash that have just evaporated in two weeks on a rumor.

 

[Baymowe335]

AAPL hit $180 per share on January 18 and $179.10 on January 23. It’s now 10.8% down from its highs two weeks ago. What happened last Friday was a 4% decline from the closing price on Thursday, which is less than 4 points in the 10-point decline in the past two weeks. In the overall market, a 10% decline is called a correction. How do you not see a 10.8% decline in two weeks as a dramatic decline in the value of AAPL? I know it happened before, but not with such great numbers in a quarterly report.

I used to be of the same opinion that AMZN is a hype, as the company kept losing money or broke even in their best quarters. However, AMZN is providing a tremendous gain for the shareholders while havily investing in all sorts of areas. In the long run, what’s important for shareholders is the value of their portfolio. If Wall Street doesn’t value the business model that Apple is currently employing, i.e. stashing hoards of cash, then who is to say that Amazon’s business model of investing all of their profits is inferior? In the long run, this money that Apple is stashing away belongs to shareholders. If Apple is not interested in branching out and investing in new areas, then this money should be returned to shareholders. Even though I understand buybacks, I don’t think Wall Street is impressed with the AAPL low P/E ratio. AMZN P/E ratio is 14 times that of AAPL’s. That doesn’t seem to make any difference for Wall Street, as AMZN has been their favorite for years now.

So, instead of throwing billions of dollars at buybacks to boost the share price and then lose 10% of value in two weeks because of a rumor, it would be much better to return the cash to shareholders in the form of a dividend. How much did Apple spend on boosting it’s share price by $20 via buybacks? I’m sure tens of billions of real cash that have just evaporated in two weeks on a rumor.

You’re too focused on a 10% pullback. AAPL has them routinely. Doesn’t mean the market is right. I’m buying more.

Buybacks produce longer term results than today or tomorrow. It’s permanent.

As a shareholder, I don’t want dividends I have to pay tax on or a special dividend that’s a one time thing. I want more buybacks because I believe Apple is still significantly undervalued. Apple is among leaders in R&D, so the buybacks are not at the expense of running the company.

They are about to deploy another $163B to shareholders after their $300B capital return program is completed (or before). Look out if Apple buys more shares. Will kill the shorts.

Reducing the float will pay off years from now. Apple’s buyback has been incredibly successful. They have retired shares at an average price in the $110 range.

Buffett loves the buyback and so do I. When the 13F comes out in a couple weeks, you’ll see Buffett won’t have sold any of his 134M shares and probably even bought more. I am a very long term investor.

Who knows on AMZN. Wallstreet is unapologetic when the party stops, however. I can sleep well with Aapl and a company with over $50B in free cash flow versus AMZN which is barely profitable most quarters. I already missed AMZN. The price is the price, but Wallstreet can remain insane for long periods of time. Waiting can be hard for some. Apple has beaten the market however, so it hasn’t been bad by any means. AMZN just seems to never stop increasing.

That said, Apple’s quarter was amazing and isn’t getting the respect it deserves (yet).

 

[sirozha]

You’re too focused on a 10% pullback. AAPL has them routinely. Doesn’t mean the market is right. I’m buying more.

Buybacks produce longer term results than today or tomorrow. It’s permanent.

As a shareholder, I don’t want dividends I have to pay tax on or a special dividend that’s a one time thing. I want more buybacks because I believe Apple is still significantly undervalued. Apple is among leaders in R&D, so the buybacks are not at the expense of running the company.

They are about to deploy another $163B to shareholders after their $300B capital return program is completed (or before). Look out if Apple buys more shares. Will kill the shorts.

Reducing the float will pay off years from now. Apple’s buyback has been incredibly successful. They have retired shares at an average price in the $110 range.

Buffett loves the buyback and so do I. When the 13F comes out in a couple weeks, you’ll see Buffett won’t have sold any of his 134M shares and probably even bought more. I am a very long term investor.

Who knows on AMZN. Wallstreet is unapologetic when the party stops, however. I can sleep well with Aapl and a company with over $50B in free cash flow versus AMZN which is barely profitable most quarters. I already missed AMZN. The price is the price, but Wallstreet can remain insane for long periods of time. Waiting can be hard for some. Apple has beaten the market however, so it hasn’t been bad by any means. AMZN just seems to never stop increasing.

That said, Apple’s quarter was amazing and isn’t getting the respect it deserves (yet).

I’m not selling either, but I’m starting to have doubts about buying more. I don’t see any serious results coming out of the Apple’s R&D. I remember that same of criticism in 2012 and 2013. Remember when Phil Schiller said, “Can’t innovate my @$$,” as he proudly introduce the Mac Pro in a shape of a trash can? It turns out the product they introduced as an incredible innovation was an overpriced piece of vanity that is despised by professionals who bought it.

Do you remember that AAPL price didn’t move up between the fall of 2012 and the fall of 2016? Four years of stagnation. We had a good run in the past 1.5 years, but we are going down again and who knows where AAPL could find it’s support this time. At the same time, look at what AMZN was able to do since 2012.

Fundamentals don’t matter anymore. Stock market is a gamble and Wall Street is the casino. The game is played by their rules, and what they care about is the growth, not the profit. Bezos figured it out long ago. He is growing his empire, and he will find his “iPhone”. Tim Cook is not even looking, as he thinks his iPhone can be milked forever. It doesn’t work that way. What happened to Microsoft in the early 2000s under Steve Ballmer after Bill Gates left will happen to Apple under Tim Cook. Just like Ballmer, Cook has no vision for the future. Unless Apple hands the reigns to a visionary, we are going to have a lost decade like Microsoft had.

 

[Baymowe335]

I’m not selling either, but I’m starting to have doubts about buying more. I don’t see any serious results coming out of the Apple’s R&D. I remember that same of criticism in 2012 and 2013. Remember when Phil Schiller said, “Can’t innovate my @$$,” as he proudly introduce the Mac Pro in a shape of a trash can? It turns out the product they introduced as an incredible innovation was an overpriced piece of vanity that is despised by professionals who bought it.

Do you remember that AAPL price didn’t move up between the fall of 2012 and the fall of 2016? Four years of stagnation. We had a good run in the past 1.5 years, but we are going down again and who knows where AAPL could find it’s support this time. At the same time, look at what AMZN was able to do since 2012.

Fundamentals don’t matter anymore. Stock market is a gamble and Wall Street is the casino. The game is played by their rules, and what they care about is the growth, not the profit. Bezos figured it out long ago. He is growing his empire, and he will find his “iPhone”. Tim Cook is not even looking, as he thinks his iPhone can be milked forever. It doesn’t work that way. What happened to Microsoft in the early 2000s under Steve Ballmer after Bill Gates left will happen to Apple under Tim Cook. Just like Ballmer, Cook has no vision for the future. Unless Apple hands the reigns to a visionary, we are going to have a lost decade like Microsoft had.

I don’t agree at all with your last paragraph. Fundamentals matter over time, perhaps a long time, but they matter. Cook is doing a fantastic job. It’s not his fault the staggering numbers are not impressing Wallstreet at the moment.

Apple is a cash machine and they’ll eventually buy so much of the float, the stock will have to increase. You can’t stop this beast forever.

The iPhone is not being “milked.” It’s the greatest consumer product of all time and he’s using it to grow services 20% every year. The numbers are so big, it makes services look small...but it’s a $25B/yr business with huge margins. That’s the story long term.

Almost not stock can compete with the performance of AMZN and NFLX. Again, if you can sleep owning them with a meaningful part of your net worth, more power to you.

I’m not predicting a “lost decade” after just a few weeks since AAPL was at an all time high and they just reported the most profit and revenue ever in a quarter.

I think you’re overreacting. Futures are already down another 150 points, so the entire market seems to be in correction mode. Remember, Apple was up to almost $175 after reporting but the market went down hard Friday and buyers just gave up.

 

[Victor Mortimer]

There was also a time when Apple wasn't. In 1997 Microsoft invested 150 million in Apple to keep it afloat. Steve Jobs had returned to Apple as CEO by that time. At around the same time, in a famous (infamous?) quote Micheal Dell of Dell computers asked what Steve Jobs should do and he said Steve should refund stock holders money. Yes Steve got the last laugh out of that exchange but it was by the narrowest of margins that Apple survived into the 21st century.

Horse puckey.

Microsoft didn't invest that to "keep Apple afloat" - Apple would have been fine without it.

Microsoft did that, and promised to keep making Office for Mac, because they got caught pirating QuickTime code in Video for Windows. https://en.wikipedia.org/wiki/San_Francisco_Canyon_Company

 

[aliensporebomb]

Real reason for throttling that Apple don't want you to know.

January 13, 2017
http://www.ibtimes.co.uk/faulty-pho...yptair-flight-ms804-investigators-say-1600963

January 23, 2017
https://www.macrumors.com/2017/01/23/apple-releases-ios-10-2-1/

Placing multiple devices with high energy batteries next to flammable liquids = not a brilliant idea.

 

[mi7chy]

Placing multiple devices with high energy batteries next to flammable liquids = not a brilliant idea.

It would seem like the common sense thing to avoid. Based on this article comment below, Malaysian Airlines Flight 370 disappeared under near exact circumstances to EgyptAir Flight 804 having originated from a largely predominant population that practices Wudu, popularity of iPhones/iPads, loss of flight controls and communication presumably due to cockpit fire triggered by lithium battery combined with carry-on flammables and descent into the ocean.

We should be thankful the annual disappearance of airliners hasn't happened again thanks to France's discovery.

http://www.ibtimes.co.uk/faulty-pho...yptair-flight-ms804-investigators-say-1600963

It is much more likely that Egyptair was brought down by pilots having eau de cologne on the flightdeck, which sat on the oxygen mask. This is usual in Muslim airlines, for ritual washing before and after meals. I know this, because I flew with these airlines. The aviation authorities across Europe were warned about this more than five years ago, but refused to do anything for ‘cultural sensitivity reasons’.

The perfume bottles mentioned in this article not a problem because they are glass, and will not melt and leak. And a battery fire is not a problem, as it will be localised. The problem is crew-washing cologne, which is in plastic bottles and will melt and empty suddenly in a large conflagration. This is what happened on the previous Egyptair cockpit fire (yes, there was another fire) and with a Turkish cockpit fire. In both cases the cockpit burned out completely, in a couple of minutes. So this is a known problem that the aviation authorities refused to deal with, and so this crash is on their hands.

Imagine the horror of this happening at 37,000 ft.

http://avherald.com/h?article=44078aa7

 

[sirozha]

I don’t agree at all with your last paragraph. Fundamentals matter over time, perhaps a long time, but they matter. Cook is doing a fantastic job. It’s not his fault the staggering numbers are not impressing Wallstreet at the moment.

Apple is a cash machine and they’ll eventually buy so much of the float, the stock will have to increase. You can’t stop this beast forever.

The iPhone is not being “milked.” It’s the greatest consumer product of all time and he’s using it to grow services 20% every year. The numbers are so big, it makes services look small...but it’s a $25B/yr business with huge margins. That’s the story long term.

Almost not stock can compete with the performance of AMZN and NFLX. Again, if you can sleep owning them with a meaningful part of your net worth, more power to you.

I’m not predicting a “lost decade” after just a few weeks since AAPL was at an all time high and they just reported the most profit and revenue ever in a quarter.

I think you’re overreacting. Futures are already down another 150 points, so the entire market seems to be in correction mode. Remember, Apple was up to almost $175 after reporting but the market went down hard Friday and buyers just gave up.

After today’s dramatic meltdown, Dow is down by 8% from it’s highs, whereas AAPL is now down by 13%. You still think this is caused by the overall market correction?

Over $170,000 evaporated out of my AAPL portfolio in less than two weeks. AMZN today closed $2 above their February 1 closing price (pre-quarterly report). Should I love Tim Cook for stashing away $300 billion? I would send Jeff Bezos a love letter IF my portfolio had as much money in AMZN is it does in AAPL.

 

[Baymowe335]

After today’s dramatic meltdown, Dow is down by 8% from it’s highs, whereas AAPL is now down by 13%. You still think this is caused by the overall market correction?

Over $170,000 evaporated out of my AAPL portfolio in less than two weeks. AMZN today closed $2 above their February 1 closing price (pre-quarterly report). Should I love Tim Cook for stashing away $300 billion? I would send Jeff Bezos a love letter IF my portfolio had as much money in AMZN is it does in AAPL.

Its.

You selling any time soon? It’s literally been a bad few weeks. I’ve got time and nothing has changed Other than some paper losses. They just made $20B in profit, telegraphed another $163B in buybacks, and had the best quarter in corporate history. They make $60B in FCF annually.

The market and individual stocks don’t move in lockstep. Funds sell AAPL as a cash raising trade, so it can be down more significantly in down markets. Clearly, AAPL also outperforms the broader market hen it’s up, so its natural it goes down harder in down markets too.

Again, I’m buying more and I don’t consider it down due to their quarter. It’s sometimes not so easy to understand why anything is down on a given day. The market was literally broken today and it’s been a strange two days overall. This selloff is being controlled by computer algorithms and fundamentals don’t matter.

The best stock in the Dow, Boeing, who reported a blowout quarter was down 2X AAPL today. Stop tying to make sense of it and just buy quality companies at a discount. Apple was up at one point today.

AMZN doesn’t make any money, so they can’t stash $300B. Kind of a good problem to have for AAPL and now that money doesn’t have to be stashed with the new tax law. This is huge for AAPL along with their new 15% tax guidance. It’s going to be huge.

AMZN stock is parabolic the last 3 months. It may remain a winner, but I just can’t own it right now.

Futures point to more pain tomorrow.

 

[manhattanboy]

Seriously? Did you not research your purchase before dropping a grand+ on an iPhone? Did you not evaluate the device during your return window?

I am not one to upgrade every model; instead I make my phone last as long as possible. I have owned an iPhone 4, 5S, and 6+. I would not have upgraded if the 6+ had not stopped functioning due to physical damage. However, I purchased the X over the others and have never looked back. It is not nearly as large with a case as the Plus versions are, and the way iOS is designed for the X provides the best iPhone experience to date. FaceID is a big jump in convenience and usability, and the speakers are excellent for a phone, and the battery life is excellent as well. The only complaint I have is the continued lack of a headphone jack.

Taking out the jack has to be the worst decision Apple made to the iPhone to date. The Bluetooth ecosystem was not ready and now many people are either living the donglelife, are massively inconvenienced, or have to carry now two freaking sets of headphones, one BT and one jack version.

 

[akidd]

Had only chat with Apple (UK seems to be much more open in terms of hours then before, or international has access to UK), got appointment for store for replacement. Good so far.
[doublepost=1533082000][/doublepost]Sorry online, not only. Autocorrect as fab as ever.