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Apple Reports 2Q 2021 Results: $23.6B Profit on $89.6B Revenue, Record Mac and Services Revenue
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I remember them days, every day people would be commenting on Macrumours “Apple is doomed” 😂
TheYayAreaLiving 🎗️
Suspended
Steve also gave us
-Apple Ping
-no pencil
-small screen sizes
-low Mac sales
but all that aside, what products could there be?
Technical revolutions like in the beginning of this century don’t happen every other decade.
Incredibly consistent growth over time. For those who criticise Apple's high prices, know that if Apple priced it's products lower, this graph would be a lot less consistent and have larger spikes and bigger drops. Apple uses it's margins/prices to maintain it's consistent level of growth over time instead of just pushing for immediate maximised growth. And if like Apple, your product and service quality is high enough to guarantee inevitable market domination, why not stretch that growth over a longer period of time and build a solid foundation in the process. Kudos Apple, keep doing exactly what you are doing at the pace you think is best.
Fun fact - Apple customers were the ones who made Apple incredibly profitable this quarter because they are the ones who voted with their wallets and decided that Apple products better suit their needs compared to the alternatives.
This investor vs customer narrative needs to stop, not least because it doesn’t make sense. Where else is Apple getting their money from?!?
I hate that the stock goes down in after-hours trading after these announcements. Hopefully, the pattern will repeat and it will shoot up soon.
It's one of those things where looking at specific dates you can draw a variety of lines. I own all of those and watch long term trends. Apple does well. Just regularly invest small amounts in things you believe have a future. That's a safe way to go IMO. Unless you are a day trader, then have fun. Apple vs Google over 5 years - Apple is double the percentage. Just another line for the artwork.
Analysts are often worthless, self-serving boobs, from the general spectators perspective. They say what they think will get attention, and they're not above attempted stock manipulation for their now benefit. Everyone should ignore them.
"Don't seem that great" equals more revenue than Apple has ever seen selling computers. We're talking over $9 billion in sales in a quarter selling Macs!
The Dearly Departed Apple Computer that a number of lamenting critics profess, and have professed over the history and annals in forum complaints, are long gone makes more money selling Macs NOW than they EVER did from 1976 to the present.
And if Jobs were still CEO, what new revolutionary Mac/iPhone-like products would he have introduced in the last 10 years.
Be specific.
How would anyone know the specifics unless they had the iUniverse which is a product Jobs introduced in an alternate universe that allows you to look at other alternate universes…
Steve gave us:
-The Mac
-The iPhone
-The iPad
Steve gave us the core products but Tim gave us the “members” that makes those cores even better
- apple watch is an 500 fortune business
- airpods is an 500 fortune business
- airtags will be an 500 fortune business
so, apple is still apple the only thing is changed that under tim we get all the things that under steve we got under 1 night, under tim we get them in 2 years
Is a more slowly pace , no wonder hes an accountant
-The Mac
-The iPhone
-The iPad
Steve gave us the core products but Tim gave us the “members” that makes those cores even better
- apple watch is an 500 fortune business
- airpods is an 500 fortune business
- airtags will be an 500 fortune business
so, apple is still apple the only thing is changed that under tim we get all the things that under steve we got under 1 night, under tim we get them in 2 years
Is a more slowly pace , no wonder hes an accountant
Looks like it will continue a while since they’ve basically been the most profitable company on earth for 8 years in a row.
Imagine what it will be when they increase share.
The only spaces Apple could possibly increase market share are the smart watches, tablets and true-wireless-earphones. The problem is that all of these spaces themselves are niche markets, so even if Apple significantly increases share in these spaces, it won’t matter much.
In all of the other spaces, there are true dominant players (Windows for PC, Android for SmartPhoe, Spotify for music streaming, Netflix+Disney for video streaming). In spaces like these, the LUCKIEST result of other players is to stay BARELY alive for a short while, wobbling, it would be unimaginably stupid for these other players to ever imagine about increasing share.
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