Lol save the Earth. The Earth is doing just fine it’s we who need saving. Earth will be here long after we’re gone.
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Apple Says March Quarter Revenue Will Fall Short Due to Coronavirus Impact [Updated]
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You're not even taking into account that on June 9, 2014, the stock split 7 for 1. So actually, that Feb 14th closing price of $324.95 is actually really $2,274.65 had the stock not split 7 ways. So in reality, you should be comparing the increase from $12.21 to $2,274.65!
Apple is not doomed, but the idiots who bought the stock on the hype in the last 3 months are out of luck for a long time.
I agree that Apple should have been diversifying.
I also don't think in the long run that a disruption in the delivery of electronics will cause lasting harm.
Unfortunately, we get 95% of our antibiotics from China and about 80% of the active ingredients to produce medicines from China.
We are also unable to make up any shortfall in the supply chain (most of our manufacturing for medicine is gone).
India is a major manufacturer but is also reliant on China.
Unlike the delay of iPhones, a supply disruption of medicine from China could be fatal.
This is a lot more complicated than “Apple should diversify out of China.”
First of all, they have. Apple has a lot of manufacturing outside of China.
The problem is still scale and part availability. You simply can’t get China out of the loop in any meaningful way. China is too good at manufacturing, have too many skilled workers, have too much experience, and have too much infrastructure to just ignore them. The iPhone also has many, many parts.
Apple isn’t stupid. They know the risks. There are risks to everything, but it’s worked out pretty well for them, hasn’t it?
Most profitable company in the world and just had the best quarter in corporate history with $22.1B in profit in 90 days. This is a minor hiccup that will impact many other companies, but Apple will figure it out and deliver, as usual.
If AAPL dips in any meaningful way, I’m picking up more shares.
First of all, they have. Apple has a lot of manufacturing outside of China.
The problem is still scale and part availability. You simply can’t get China out of the loop in any meaningful way. China is too good at manufacturing, have too many skilled workers, have too much experience, and have too much infrastructure to just ignore them. The iPhone also has many, many parts.
Apple isn’t stupid. They know the risks. There are risks to everything, but it’s worked out pretty well for them, hasn’t it?
Most profitable company in the world and just had the best quarter in corporate history with $22.1B in profit in 90 days. This is a minor hiccup that will impact many other companies, but Apple will figure it out and deliver, as usual.
If AAPL dips in any meaningful way, I’m picking up more shares.
If $AAPL falls by more than 10% when markets opens after absorbing this news for nearly a day, option vols may not be that high. But if current weeklies vols are high (>50%) I will be selling near the money puts looking to pick up shares under 300. My gut feeling is that big wigs like Warren Buffett may be adding if shares dislocate by more than 10%.
Read the PR on the Apple web site a few hours ago, & have been thinking about their use of the word "temporary" since then.
If taken to mean 2+ months to 2+years, then it's probably OK.
If even ONLY 2 months, then I suspect the traditional Sept iPhone event will be pushed-out till end of Oct OR so.
They will definitely want to have it BEFORE the Earnings Call in late Oct OR early Nov.
I'll bet this is already in their plans as of today.
NOT Rocket Science, just common sense.
If taken to mean 2+ months to 2+years, then it's probably OK.
If even ONLY 2 months, then I suspect the traditional Sept iPhone event will be pushed-out till end of Oct OR so.
They will definitely want to have it BEFORE the Earnings Call in late Oct OR early Nov.
I'll bet this is already in their plans as of today.
NOT Rocket Science, just common sense.
Right, so Bezos also earned most of his money convincing people to buy ever more "stuff" on Amazon (Most with poorly made in China) With overnight shipping optimised for our convenience rather than for the efficiency. Just like Tim Cook with his unforced obsolescence, yearly upgrade cycles and Actively working against rights to repair.
I am largely frustrated and disgusted by the BS rhetoric that comes out of their mouths.
I am largely frustrated and disgusted by the BS rhetoric that comes out of their mouths.
Understandable. In this moment, Chinese people have different priorities than buy Apple products... who cares about revenues?
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You clearly didn’t understand the letter.
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Every time I read something like “Tim Apple” i immediately classify the post as garbage.
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I think they idea here is that its high risk to completely depend on one factory and one country for manufacturing. Any environmental, political, or in this case biohazard issue will disupt the whole operation. They can not even migrate production. People think the China issue will be resolved in few months but it can take years...
Except Amazon, Apple and other giants deplete it (more than others) but do lots of rhetorics and some symbolic contribution for damage control
The coronavirus was created by the USA. Also it’s wrong for any company to use this as an excuse for the lack of profits.
12,000 – 61,000 die from flu in the USA each year so using your logic that rules out manufacturing there.
How is that Apple's problem?
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It's not an excuse, it's a fact. Factories are closed & cities are completely locked down. If the factories are closed then nothing can be manufactured or shipped.
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Really?
so, This virus kill, so far 13%:CLOSED CASES:
14,809 Cases which had an outcome:
12,935 (87%) Recovered / Discharged
1,874 (13%) Deaths
Do you know the % of Flu dead? 1%.
If this get out of control............
That is a dishonest—and disgusting—characterization of the memo. You should be ashamed of yourself.
Last time I checked my late-2008 unibody MacBook, still, as always, no Fokker came close.
researchers look for cures, not hospitals (Some researchers work in medical research units)
Sobering thought, annually 1.25million people die in car accidents.
Governments are prepared to some extent.
The more you are prepared, the higher the cost, i guess there are somethings that politicians won't fund.