There was a handbag on sale at Apple a few years ago. Handy for men who can't decide.
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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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To any dissenters of what I've said, where did I lie?
How much money was Apple making in 1981? 1986? 2001? 2004? 2008?
Tech was already bought up especially apple. This is selling the news. With stimulus everyone already expected blow out quarter.
So Apple achieves a huge beat last quarter and the stock moves sideways. Analysts are all "Well, we don't know if they can keep it up as the pandemic subsides." So then they do it again, another record breaking quarter. And the analysts are singing the same song while the stock continues to slowly circle the drain. AAARGH!!!!! Just what will it take for this stock to move up?!
Good question. Not sure what it will take to get the stock to move. Apple stock price has been languishing since the beginning of the year. If they have slower sales because of the forecasted chip constraints this quarter it could be bad.
Henry Ford gave Ford MASS PRODUCTION.
Automobile existed before Ford
it's just an often misconception that Henry Ford brought about the automobile.
Karl Benz gave the world the Automobile. Henry Ford just gave us mass production to make it accessible to the masses.
(but I'm just being pedantic)
Do you understand why? And are you familiar with their net cash position?
When there is enough evidence showing continuous increase of paid Apple Music and Apple TV+ subscribers.
Down today. All the after-hours gains were erased and more. AH trading is very low volume so not a great indication.
Making all of them better, except for the 2016-2019 MBPs. I'm actually impressed by the M1 Macs.
You did forget the iPod.
Perhaps you missed my point. The implication in the post I quoted was that Apple is coasting on the developments of it founders. That somehow, without earth-shattering new product categories, the achievements of today's Apple are empty.Henry Ford gave Ford MASS PRODUCTION.
Automobile existed before Ford
it's just an often misconception that Henry Ford brought about the automobile.
Karl Benz gave the world the Automobile. Henry Ford just gave us mass production to make it accessible to the masses.
(but I'm just being pedantic)
Ford and Apple are just two of countless companies that have "coasted" on their founders' "inventions." Despite concepts like "creative destruction," for the most part a car company remains a car company, a computer company remains a computer company, a soft drink company remains a soft drink company, railroads remain railroads, entertainment companies stick to entertainment, etc. The job of management is to build atop the existing foundation. Most of the time that means more (and hopefully better) versions of the same thing plus new, related products that leverage the company's existing strengths. And founders die hoping that their "babies" continue to grow and prosper.
Steve Jobs didn't invent the smartphone, just as Henry Ford didn't invent the automobile. Ford and Jobs deserve credit for making their products into easy-to-use mass-market phenomena. Before Ford, cars were a curiosity for rich people. After Ford, everybody had to have one. Similar for Apple. Steve's dream was to take computers from something used by large corporations and operated by a small cabal of engineers and technicians to something that everyone could afford and carry around in their pockets. User friendliness. It Just Works.
Putting more computers into more hands than ever before... that sounds like just the Apple Steve would have wanted.
that a lot of words when I didn't miss your point.. you missed mine clearly when I said
"(but I'm just being pedantic)"
Overall market due a correction. Tech and apple had quite the run up since covid. These blow out earnings were already expected and priced in.
The main concern is next year and growth considering most had 2000 each stimulus to spend this quarter. Despite that apple remains a long term investment.