Sounds like you can’t admit that you were wrong. First rule of holes: stop digging.
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Strategy Analytics: Apple Shipped an Estimated 65.9 Million iPhones in Holiday Quarter
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I have no issues stating I am wrong.
Apple shares have fallen, their phones are not selling as well in a lot of markets, Tim is on the defensive, they are reducing the price of the XR in some markets.
Apple aren't doomed but its not all rosy and they are being punished for their prices.
Apparently you do have a problem admitting you’re wrong, but maybe you’d like to give it a try. Maybe not, we’ll see.
You said: “Apple does well in the US, it is currently hurting everywhere else according to Tim, straight from the horses mouth.”
I said: That’s a bunch of BS, what Cook actually said was “Despite iPhone upgrades being lower than we anticipated, our business grew outside of China, including new records in the Americas, Western Europe, Central and Eastern Europe and our rest of Asia Pacific segment. We had record performance in large markets, including the United States, Canada, Mexico, Germany, Italy, Spain and Korea.”
Feel free to say: You’re right, I was just making stuff up and had no idea what I was talking about. I apologize to Mr. Cook for mis-stating what he said.
Yeah I didn’t think you were capable of admitting you were wrong.
You said “Apple does well in the US, it is currently hurting everywhere else according to Tim, straight from the horses mouth.”
But according to Mr. Cook, you’re making stuff up and have no idea what you’re talking about. Mr. Cook was quite clear that Apple is in no way, “hurting everywhere else” except the US. According to Mr. Cook: “our business grew outside of China, including new records in the Americas, Western Europe, Central and Eastern Europe and our rest of Asia Pacific segment. We had record performance in large markets, including the United States, Canada, Mexico, Germany, Italy, Spain and Korea.”
First rule of holes: stop digging.
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Wake up son. My opinion made on MR late last year became reality this year!
Looks like my common sense works better than your "equity" background. It is not too late to change career bud.
You've not even read what I've said. Kids these days...
For everyone else who is choosing to read and engage their brains, I'll just leave these useful resources.
https://ycharts.com/companies/AAPL/revenues
https://www.reuters.com/finance/stocks/financial-highlights/AAPL.OQ
https://www.statista.com/statistics/263401/global-apple-iphone-sales-since-3rd-quarter-2007/
https://www.statista.com/statistics/299144/samsung-smartphone-shipments-worldwide/
This was satisfying.
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Does your 'equity' background consist of googling links on the internet? Good job!
As I've said, it's not too late to change career.
It hurts when someone else is right isn't it? But you need to learn to accept that kiddo.
Amazon, Google, AMD, NVDA and the entire market has fallen during the same time. You are conflating stock performance with financial performance, which Apple's was report was rewarded by the market yesterday and today. The broader tech stocks have not been good the last 90 days or so, but are starting to recover, including Apple because fears were overblown.
There is no doubt Apple isn't selling the iPhone well enough in China and some emerging markets, but you can't just ignore their strength with record sales in Mac, iPad, Services, Wearables. Those businesses are growing at 19%.
Apple set records in Mexico, US, Western Europe, Korea, Vietnam, and Canada.
So yeah, they are going to lower prices in China and some emerging markets because of currency collapses, such as in Turkey where the Lira lost 33%.
Again, global business is hard. You're never going to have a positive report in every single market, every single quarter.
China, still was able to grow revenue in Calendar 2018 over Calendar 2017, DESPITE the $4.8B drop in the most recent quarter. That is impressive.
Without China's weakness, Apple would have posted yet another record revenue quarter. Other companies have blamed China, like NVDA. They lowered guidance 18% and blamed it on China. Intel, Samsung, Tiffany, Goodyear, etc.
Again, those of you just pointing to stock performance probably don't own many stocks or understand markets. Stocks move up and down, sometimes through no fault of company performance and certainly not always proportional to good or bad news. Overreaction is very common and underappreciation of good results is too.
Amazon was down 25% on essentially no news and will report to today.
Rather than continuing to engage with kids spouting nonsense, I’ll just bring it back to this.
When studying the behavioral aspects of public market pricing, one of the common things that emerges is that people don’t understand or accurately process data. They think patterns and trends exist when they don’t. They also incorrectly attach importance to recent events (recency bias). And they tend to view things through the lens of what they already think (confirmation bias) or some earlier bit of info they got (anchoring bias).
And then there is always the Dunning-Kruger effect. Perhaps this should be renamed the Macrumors effect.
It’s interesting to me how many people are guilty of these biases while dismissing the cold hard fact that you stated. How is a quarter that’s amazing but not as amazing as last year suddenly a bad quarter? It’s mind-boggling.
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It’s amazing for what it is. But it’s not Apple amazing. There is a higher expectation of Apple in general, and that is partly due to how Apple boasts their value.
You can rename that to Apple Insider Effect, Anandtech effect, Reddit Effect, NYT Effect, Yahoo Effect, etc. It literally is all over the net and not limited to this forum.
Maybe you should have studied forum behavior on Apple when the internet came up. Apple has always been the company that people love to criticize even during the Steve Jobs days.