Apple's Stock Had a Wild Morning

[ThailandToo]

Last weekend we updated our aging iPhones to 16s. We weren’t planning on doing it this early, but we wanted to have phones that would be good for a number of years. This is part of our process of making ourselves as secure as possible. We expect them to be bad ones. This includes updating our aging cars with one new one, that we bought outright, and paying off the house. This runs our reserves down, but we shouldn’t have an emergency need for cash for a good long while. Also I expect the buying power of the US$ will start dropping before long so in a couple of years we wouldn’t be able to get these things.

Yes they could, but they won’t. What Trump is doing is clearly illegal and unconstitutional but impeachment is not on the table any time soon. The Republican majority is beholden to the guy who got them back in control of the ship. Until there is enough pain on the ground that Trumps MAGA supporters turn on him and they get political pressure to do something, they won’t. So I expect things will get bad, before they get even worse.

This thinking about needing to buy iPhones right now is due to absurdity in the media influencing people’s buying behavior. There’s no indication that any iPhone pricing will rise in the near term. Scaring people is the way of the media. Sad that even this site practices this and said tariff prices could exceed $2300. These are all ridiculous baseless claims. Unless we experience hyperinflation, Apple is not likely to take any action with the current model iPhones. Apple has also ripped off all the stakeholders who aren’t shareholders since Mr. cook was appointed CEO. Customers, employees, manufacturers, developers and more have all taken the brunt so the top 1%, the shareholders would prosper in a great transfer of wealth. People buying iPhones due to fear is making them even wealthier. The stock price is still too high based on PE ratios in even a bull market. Why would anyone speculate out of being scared? It’s a marketing trick.

I am not saying iPhone pricing couldn’t go up in the long term due to tariffs, but the world should stop worrying about the 1% and focus on the 99%. Stop fear mongering and using these tactics to sell more iPhones for Tim Crook. Even if the iPhone 17 sold for a higher price, it would be shocking to see the price rise more than approximately $150. People still have to see value in anything being sold. The whole western marketing mindset creates this need to purchase a new iPhone annually or bi-annually. What makes more sense is people not wasting their money due to marketing nonsense and media scaring everyone stupid to ensure the wealthy get wealthier.

 

[AgentOSX]

It was deemed illegal ("wholly lawless") by the federal judge.

The strategy for the current regime is to deport illegally and then claim, "we can't get him back because it's out of our control."

And that is correct especially if the person is being imprisoned by a different nation under their own legal processes. No judge can order a foreign justice system to release a detainee or convict. That judge can whine that the US handed over an illegal resident of the US to their host nation, but a US judge cannot override another sovereign nation's legal process.

 

[FrozenDarkness]

it's a failure of american discourse that people dont' realize most maligned institutions have ingrained checks and balances: courts have appeals, science papers require peer reviews, but anything trump says against these institutions, followers take as gospel and don't realize the irony in that

god help us if we don't believe in separation of powers anymore.

 

[AgentOSX]

It was deemed illegal ("wholly lawless") by the federal judge.

The strategy for the current regime is to deport illegally and then claim, "we can't get him back because it's out of our control."

You keep saying deport illegally but never say what action was illegal. The judge went from multiple plane loads of people with no visas (a few had revoked visas) to focusing on one person who was wrapped up based on sigint but not criminally arrested. The judge also changed his argument from saying that the US had no right to deport to the US ignoring an injunction he issued after deportations began.

 

[AgentOSX]

it's a failure of american discourse that people dont' realize most maligned institutions have ingrained checks and balances: courts have appeals, science papers require peer reviews, but anything trump says against these institutions, followers take as gospel and don't realize the irony in that

god help us if we don't believe in separation of powers anymore.

Asking for a friend.... doesn't separation of powers also mean that the Judiciary cannot supplant the Executive?

 

[AgentOSX]

Why? is there any indication people will not vote for him and Republicans anymore? I hope so, but stupidity knows no bounds.

Kamala and Walz certainly proved that.

 

[erthquake]

Someone skipped Sarcasm 101.

Fair. Sorry. Hard to tell these days with so much crazy being trotted out as "serious" discourse.

 

[AgentOSX]

Fair. Sorry. Hard to tell these days with so much crazy being trotted out as "serious" discourse.

Not a problem. I cannot say I have not fallen into that black hole myself. It is sooooo strange that it is now so hard to differentiate sarcasm from sincerity.

 

[AgentOSX]

ok but it has been pointed out to be illegal by two judges already.

SCOTUS just shut down the judges' order.

 

[AgentOSX]

Ah, the old “any judicial decision I don’t like is politically motivated” strategy. 🙄

SCOTUS just shut down the judges' order. I eagerly await your "any judicial decision I don't like is politically motivated" interjection.

 

[AgentOSX]

Others have answered this question in more depth; in short, Congress abdicated its responsibility and authority and must now reclaim it.

Did a president who voided immigration law and visa process to allow in 20 million illegals also abdicate his responsibility and authority? Just wondering where you draw that line.

 

[AgentOSX]

it's good to know there are macrumors regulars who don't believe in due process. once to be seen as a non-controversial thing. anybody should get their moment in court.

Tell me what due process is being voided. Visa issues have their process. Criminal proceedings have their process. The two are distinct.

 

[It’s always something]

Why do you want me to do your work for you? Is your google broken? Do you not have two seconds to type "can a visa be revoked for any reason?" You must be a very busy person.

I'll do you a mitzvah anyway.

Thanks, but Gemini isn’t totally reliable (as in this case).

So I did my own research. It seems that the broad discretion of which you speak applies to non-immigrant visas only, and not to all visas. Source. But neither of us is a lawyer. The statute I referenced implies that there must be reasons, even so. The very fact that judges aren’t just tossing out these cases implies the same.

 

[wbeasley]

I hope Trump does his threat to raise China tariffs even further.
And China calls his bluff. They can afford to because no other country provides as much cheaply as China does.

Consumers are used to cheap goods. Whacking a tariff on doesnt solve that problem. It just adds a tax.

Perhaps when goods start doubling in prices there will be more protests and spineless Republicans, fearing for their seats, will take action to stop this.

It's going to take a very grand gesture to rebuild trust with the rest of the world.

 

[It’s always something]

SCOTUS just shut down the judges' order. I eagerly await your "any judicial decision I don't like is politically motivated" interjection.

SCOTUS didn’t make a ruling yet. They simply said the order cannot be enforced yet, until they rule on it themselves.

 

[AgentOSX]

SCOTUS didn’t make a ruling yet. They simply said the order cannot be enforced yet, until they rule on it themselves.

...and I still wait for the aesthetic to be revealed. I think the only reason it has not appeared is because I made it a self-conscious topic. Over 80% of the time when SCOTUS puts a hold like this they end up quashing it. Yes, I can get a specific percentage once I talk to the girlfriend/attorney.

 

[AgentOSX]

I hope Trump does his threat to raise China tariffs even further.
And China calls his bluff. They can afford to because no other country provides as much cheaply as China does.

Consumers are used to cheap goods. Whacking a tariff on doesnt solve that problem. It just adds a tax.

Perhaps when goods start doubling in prices there will be more protests and spineless Republicans, fearing for their seats, will take action to stop this.

It's going to take a very grand gesture to rebuild trust with the rest of the world.

China's internal economy is not doing well at all. Many governmental ministers and generals have "disappeared." Not killed but are not seen at work or socially, all starting around March 13. The same thing happened to Jack Ma not long ago and when he reappeared he was "re-educated" and toed the CCP line. No one knows if this is work against Xi or Xi purifying his cabal yet again. But China's economy is not as invulnerable as you think. So this could get really interesting.

 

[AgentOSX]

Thanks, but Gemini isn’t totally reliable (as in this case).

So I did my own research. It seems that the broad discretion of which you speak applies to non-immigrant visas only, and not to all visas. Source. But neither of us is a lawyer. The statute I referenced implies that there must be reasons, even so. The very fact that judges aren’t just tossing out these cases implies the same.

Your own quote says there is no duty to issue a visa, nor is there any duty to maintain any visa. So it proves my assertion. State Dept regs are also very clear and any visa can be revoked for any or no reason. Deportation is an immediate option for anyone without a valid visa. Any criminal activity - even not charged or arraigned - is also ground for revocation. It just was completely ignored for four years as 20 million people flooded in, and then sparingly used before that.

Any foreign national in the US is a guest. They should act like one, a good guest. They can ask to come in your house, you can invite them in, they can complain about the wine but they cannot **** on your couch not expect to be removed. We hurt ourselves greatly by not regulating matters for too long - with some saying that ignoring law and process was somehow a virtue - and now comes the much-needed, overdue correction.

Minutes ago, SCOTUS just OKd the use of the Alien Enemies Act. That guts most of the judge's interference. That was not a temporary decision but clearance.

 

[Manzanito]

Two options:

1. California declares independence
2. Apple relocates to Europe

Is number 2 out of the question?

 

[Manzanito]

Stop whining and start winning!! Buy the dip until it is too late. Apple will handle that storm like a battleship. Everyone thinking “oh no we are doomed” probably didn’t study economy well enough

It's Trump who didn't study economy well enough, if at all.

 

[AgentOSX]

Is number 2 out of the question?

Absolutely out of the question. First, they want/need the US stock market locus. Second, Europeans are doing their best to neuter all device makers so they are just generic platforms and the various governments have access to all info.

 

[AgentOSX]

It's Trump who didn't study economy well enough, if at all.

Facts show otherwise. He also negotiates. Many countries didn't want to. This has forced the hand so far of at least 16 nations and up to 50 so far. I do not pretend this was the easiest or prettiest way to do things but at the same time the US has been rotting our internal manufacturing and economy and something big was needed.

 

[It’s always something]

Your own quote says there is no duty to issue a visa, nor is there any duty to maintain any visa. So it proves my assertion.

It partially proves your assertion, which I grant. The statute grants this discretion for non-immigrant visas, not just any visa, contrary to what you assert.

With respect to the decision by SCOTUS, the NYTimes says this: “The decision marks a victory for the Trump administration, although the ruling is narrow and focused on the proper venue for the cases, rather than on the administration’s use of a centuries-old law to justify its decision to send planeloads of Venezuelans to El Salvador with little to no due process. The justices did not address the question of whether the Trump administration improperly categorized the Venezuelans as deportable under the Alien Enemies Act, finding the migrants had improperly challenged their deportations in Washington, D.C. The justices determined that the migrants should have raised challenges in Texas, where they were being held.” Source.

Justice Kavanaugh also is quoted as saying that the justices unanimously agree that judicial review is available to the deportees; the disagreement among them was solely over venue.

In short, this is a hollow victory for the administration, as far as I can tell. The defendants can have their day in court in Texas, despite the administration’s denial of their right to judicial review.

I am still not a lawyer. 😉

 

[Jensend]

The ones removed to El Salvador are being held and sentenced due to El Salvadorian law and are not subcontractors to US whims. We just handed them their own criminals who had illegally entered the US.

The US is literally paying El Salvador to put these people in prison. From my understanding, most of them did not have criminal records. Note that I am not making any claims about how many of them are gang members or how many should be deported.

Well, now it has come back to hurt us, and not just for Apple products.

*Punches self in face*
"Now it has come back to hurt us"

I mean, I guess you could argue we punched ourselves in the face pre-emptively to immunize ourselves against China punching us in the face at a future time, but it seems like there must be a better way to go about that.

 

[Naraxus]

My rights have been taken away,

I want you to be specific here. What rights have been "taken away" from you?

I’m scared to travel to other states

Why?

employment isn’t secure.

Job security is a myth and always has been. This isn't a Trump Exclusive.