Then again, they never were concerned about market share much since Steve came back to CPR the company. They just focused on profit per unit - the infamous "Apple Tax"!
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Apple Expected to Report Its Best Fourth Quarter Ever Today Following iPhone XS and iPhone XS Max Launch
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Then again, they never were concerned about market share much since Steve came back to CPR the company. They just focused on profit per unit - the infamous "Apple Tax"!
I can almost imagine Buffett licking his chops and getting ready to buy another gajillion shares.
iPhone unit sales are up and revenue is up by 29% yoy.
Not the nicest of images but no doubt true! Is that loathsome roach Ichan still invested do you know?
Warren (Berkshire) has been historically wrong about Apple - look at their investment history into Apple stocks. The transactions are public and don't start in the last century or decade.
That could be but he has also expressed interest in increasing his position in AAPL and that's all I meant.
Buying Apple at $10 pre-split in the 00's vs buying it after the split at $140-216+ is a no brainer - so, where was Warren's? This is just last year!
The lack of consistency and planned investing vs riding on a bulk of wealth is the issue. How basic is buying Apple during the 2008 crash or after the recovery in 2010 - before the rise and split in 2014? It was trading at about $50 in 2010.
Mine is hindsight into Warren, yet a hoard of investors jumped in at the time. My opinion is amateur - they are the professionals.
I didn't intend to get into a deeper discussion of Buffett or his strategies. I was just saying that there are going to be some big guns bargain shopping in the next day. AAPL is an absolute bargain right now.
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Agreed. All of the mobile products are incredible. It’s the lack of updates on the Mac side, the fact that they let them go 3-5 years without any update and then the pricing increases 20-30% when they do refresh it.
I bought at $93, last; and sold at $216.
Icahn sold at $106!
The difference is in the volume - he is rich!
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Sure but that’s not an Apple miss, that’s an analyst miss
The analysts also missed on their guess for iPhone ASP—blowing it badly compared to their reasonably close guess for units sold. They guessed $729 against Apple’s actual performance of $793.
So analysts were guessing $35.3 billion in iPhone revenue, where Apple actually delivered $37.2 billion.
Hah, those puppet masters. They mostly publish numbers pulled out of the air - otherwise, the crescendo to 2008 wouldn't have come about. Real analysts would have seen the insurance gamble that broke the stock market
Price increases were due to higher specs in the refreshed models, correct?
Then, the price increase in petroleum products is due to better gasoline or rarer resources year on year! /s
Even inflation doesn't explain the price increase. Higher specs don't mean such increase in price - just profits. Development and production costs per unit are stable or decreasing, as technology improves and becomes more efficient.
Oh, yes, agreed. Don't get me wrong; analyst "expectations" for unit sales are often nonsense. It's just that Apple didn't meet those nonsense expectations, and for that reason among others, the stock dropped quite substantially in after-hours trading.Sure but that’s not an Apple miss, that’s an analyst miss
The analysts also missed on their guess for iPhone ASP—blowing it badly compared to their reasonably close guess for units sold. They guessed $729 against Apple’s actual performance of $793.
So analysts were guessing $35.3 billion in iPhone revenue, where Apple actually delivered $37.2 billion.
Coincidentally, Apple announced today that as of next quarter, they will no longer be supplying unit sales figures for iPhone, iPad and Mac. So going forward there’s no point to analysts trying to guess it in advance.