So much for that "iPad will replace the Mac" speculation.
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Apple Reports Record 1Q 2022 Results: $34.6B Profit on $123.9B Revenue
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So much for that "iPad will replace the Mac" speculation.
All good. Within a family of 4, I have bought maybe 20 iPhones, 5 iPads, 6 iPods, 2 ATVs, 4 Macbooks, 4 AirPods, an AW6, and probably a 5-gallon-bucket full of white plastic Apple e-waste over the last 15 years - and the returns on my AAPL position alone would have funded all of that AND the house I currently own. There's no shortage of Apple apologists around here, but I guess I am saying some of us have a decent reason to feel that way.
I know someone who started their position at 120ish last year, but then got bored and sold it "because it never went anywhere..." Sometimes stocks don't double overnight. It'll be fine.
Congrats to the team at Apple. This success is well deserved.
Is that why they provide me with world class customer service and support whenever I need them, access to rapid replacements and loaner devices, and even often not charging for out-of-warranty repairs as a thank you to me as a loyal customer?
Apple cares.
I couldn't agree more. It's a wonderful day for everyone connected with Apple.
I'm really not sure what you're trying say with this. Adjusting for inflation the computer started at about $14,000 in 2022 dollars. What's the comparable computer today? Let's just say it's the Mac Pro. That starts at $5600.
The original Mac was more than $6000 in 2022 dollars. What's the comparable computer? The 27" iMac is probably the closest. That starts at $1700. What about comparing to a newer computer than the original Mac? How much was the late 2009 27" iMac? $1700. This is a computer from the Steve Jobs era. In 2022 that is $2200. This means Apple computers (if we're doing the closest comparisons possible) are less than 40% the price they used to be in the 1980s. Since the late 2000s the base iMac is effectively 23% less expensive. That's a fairly sizable price cut.
So, yes, computer prices tend to go down over time, including Apple's computers. Your post seemed like you were criticizing Tim Cook for raising prices but factoring in inflation, Apple has mostly continued to lower prices over time for equivalent products.
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So Jensen got the idea to sell a 1500usd GPU from Tim Cook ? I guess Tim is the god of business in corporate America , before he arrived no one tried to maximize profits for their share holders , they just sold things cheaper and cheaper , wanting to be fair with everyone, thanks for the history lesson.
Maybe a crash course in supply and demand is in order , and some inflation read up will be great !!!
Lastly you can read up on gross margin , it will help you understand why your claim about tech being cheaper is wrong.
Is there anyone here that bought Apple shares at $13, and have held on for the long ride?
I’ve heard that Macs are more akin to trucks, iPads & other devices to cars. No one I know of thinks trucks or cars are going away anytime soon.
Great Observation!
HBO probably did the graphic, they hav every batman related flick available for viewing.
i have not figured out if this is a good or bad thing yet, and wont.
I am not sure when it was specifically $13, but my cost basis is $3.46 when adjusted for splits since 2007 when I first purchased some based on this little iPod nano I thought was cool. I have sold a bit in the last few years at 135 and 150 just so AAPL didn't take over my portfolio. Will trim once more at 200 and then probably never touch it again.
I am by no means a "whale" and still have to work a day job. If posts around here are to be believed, people still holding from the 90s own some much cheaper, which is incredible.
iPad sales were limited. Far more people wanted iPads than were able to buy them. Those folks aren’t going to get a Mac because they don’t want a Mac. They just waited until their iPad was available.
I'm planning on doing the same, despite the fact that a few people in my family want me to roll that into the IRA that is set up from my father's trust (read: sell the stock, and put the funds from the sale of that stock into the IRA). This is the only piece that is currently outside of it, and because of the chip shortage and supply constraints going around, I have no intention of selling this stock at all. I'm more than willing to let this ride and take in the dividend cheque when they come in.
BL.
Not really, because these numbers include the fact taht iPads were constrained in the quarter. People that wanted them weren’t able to purchase them. Usually, iPad revenue is a little less than Mac revenue, but that doesn’t tell the whole story because iPads are cheaper than Macs. For example, in 2020, Apple sold 20.2 million Macs, a decent number. They sold 71.1 million iPads.
Exactly right, you never want to have all of your money tied up in just one stock.Just to play devil's advocate (or somebody who makes their living via the financial markets), it could be a good idea to think about diversifying your holdings. I have no idea, obviously, what your investment time frame is but say, for discussion purposes, you plan to retire in 30 years.
Now look at the components of the Dow Jones Industrial Average in 1991 vs. 2020:
So, as the cliché goes, you should keep riding your winner trade (AAPL). But having a highly concentrated portfolio or retirement account can lead to lots of volatility, or worse.
My IRA portfolio is pretty diversified- 70% in S&P 500 index funds with the remaining money that I dabble in individual stocks
Apple is just one of many stocks that I own but yes, I have a lot of confidence in the company and have no intentions of selling it anytime soon. Especially under the leadership of Tim Cook.
Diversification is for people who don’t know what they are doing. It’s fine and reasonable, but betting big on something you have an edge on is far better. I bought AAPL in 2011 because it was clear they weren’t just an iPhone maker.
Betting big and sticking with what you know pays off.
Nope, I bought my first 25 shares at $91.31 on November 9, 1999 and held on for the long ride.
Not quite. Got in the $30s in the 1990s. If I remember correctly, I did get in on 4 of the 5 splits.
Yep. AAPL goes through "multi-month consolidations" like clockwork. Then takes a run up, then repeats. Sit tight through the boring times, buy in, and wait for the next leg up.
Dips are also buying opportunities; just think of it like a 8% discount at Target. Do you get mad when your local retail outlet has a sale on shoes? Or the grocery store has a buy 2 get 1 free sale? Of course not. Same here (for those on long time horizons; short-timers are already rolling their stuff to slower assets anyway).
Ride the ride and move along. Don't watch every tick; you're not likely an HFT'er anyway. ?