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It's interesting to note that to date, Hong Kong is the only country in which you can buy both a contract-free and SIM unlocked iPhone directly from Apple.

A way to supply the gray market with the intention to tap the Chinese market (where Apple is being asked to sell a crippled iPhone: no 3G and no Wi-Fi).

Further, why are the last quarter's numbers only important in terms of iPhone sales? Apple is also breaking records in Mac computers sales (over 2.29 million I believe).
 
AAPL will exceed expectations, but issue the usual muted future guidance.

The rules changed this quarter for AAPL I think right? Now they are going to be able to properly report revenues. It's going to be the big news today.

AAPL is always volatile around these reports, and good news usually means that the stock is going to move.

I used to (naively) think that good news means the stock goes up, but that isn't always so.
 
Correct, in fact, from memory I think AAPL has gone down after earnings were announced almost every quarter these past year or two.
 
Correct, in fact, from memory I think AAPL has gone down after earnings were announced almost every quarter these past year or two.


Yeah, it's wacky.

But I do believe that good news will at least get the stock "primed" for a positive reaction the next time there is some overall bullish news.

Anyways, the whole stock market trading game is rigged by the big players, pump and dump at the speed of light.

The last 10 minutes of trading of AAPL are always good to watch.

Banksters are fixing the whole game I think, and I'm happy to play, but when the music stops you better run fast to find a chair! Keep your finger on the button!

PS:
I have cool push alarms on iPhone using StocTrac, and I also use Portfolio Live for live quotes. I can vouch for both apps as being well worth paying for. I mention it for other people interested in staying tuned into their portfolios.
 
Correct, in fact, from memory I think AAPL has gone down after earnings were announced almost every quarter these past year or two.



Yep, and for the last many quarters, AAPL has had stellar earnings too!

Here is a question for you - what is Apple going to do with all the cash they have? They are acquiring a few small companies (quietly), but I mean, are they just holding 30-some billion in cash? I hope they at least get it out of USD and into gold or something.
 
Yep, and for the last many quarters, AAPL has had stellar earnings too!

Here is a question for you - what is Apple going to do with all the cash they have? They are acquiring a few small companies (quietly), but I mean, are they just holding 30-some billion in cash? I hope they at least get it out of USD and into gold or something.

An increasing chunk of its revenues are now flowing-in in non-USD.
Side-note: The weak USD is good for exports but disastrous for the standing of an economy. The US economy can get away with this because the USD is the reserve currency and the weak dollar "policy" is in fact just exporting our troubles onto the rest of the world. Why? Because we can...

To the cash reserves:
That money is probably placed in liquid instruments to generate conservative/ safe returns but for Apple, I think, it wants its on its books just because it's a mighty convincing argument. It can do business with any company/ government it wants having $32B on hand (probably more after Q3 now).

Not a given that they'd use it to acquire other companies. Which others might be a good complement to Apple and its activities present and future? Smaller companies, sure, because that's how they get the intellectual property for promising concepts/ ideas but going out and buying T-Mobile or something like that, is not in the cards IMHO.

Apple may spend some money on Flash memory, on data centers/ cloud computing, build its own factories if it decides it's become more compelling than relying on Intel and others, etc.

But Jobs must remember often how Microsoft gave them money and basically kept Apple is business. He must have vowed to never be in such dire straights, never again.

Boy, have they good done a good job!
 
But Jobs must remember often how Microsoft gave them money and basically kept Apple is business.

Is this myth still alive?

Apple had $1.2 billion dollars in cash when Microsoft agreed to make a $150 million dollar "investment" (which was sold five years later) in Apple stock as a result of a legal settlement between the two companies.

It wasn't the cash which Jobs was desperate for at the time, Microsoft agreeing to proceed with a new version of Office for the Mac was his real target.
 
Is this myth still alive?

Apple had $1.2 billion dollars in cash when Microsoft agreed to make a $150 million dollar "investment" (which was sold five years later) in Apple stock as a result of a legal settlement between the two companies.

It wasn't the cash which Jobs was desperate for at the time, Microsoft agreeing to proceed with a new version of Office for the Mac was his real target.


Thanks for posting this. I was misinformed. Which year was this?
 
1997.

You were right though about them doing a good job since then. After market trading has just hit $204. :eek:


Thanks.

Yes AAPL, watching it. Curious to see what it'll actually trade at in tomorrow's session.

Have you seen? 46% of their income now comes from international sales.
 
Ahaha. Why do they call it the "Black Country"?

The Black Country, in the English Midlands was one of the hotbeds of the Industrial Revolution in the 19th century and got it's name from the pollution that resulted from the heavy industries that once thrived in the area.

Most of the manufacturing and pollution has gone now, so it's no longer black but the name has stuck. :)
 
Cool. Live and learn.

Listening to Apple's conference call now: in response to a question about the iPhone's competition, the response was with what we have coming, we feel comfortable taking anyone on!

They also mentioned they expect higher air-freight costs in the next quarter: "the expected increased air-freight is not related to the iPhone. This increase is larger than usual and build-up inventory in the channels".
That's the new product everyone is expecting...

They also said sales in Spain, France, Germany sales are all up 39-40% in Q3. Switzerland and Italy up mid-30s.
 
That's probably due to the strength of the Euro to Dollar exchange rate.


I am not sure since those locals spend Euros in their own countries.

If they were spending Euros but buying in the US then the exchange rate would make a difference.

In fact, it's cheaper to buy electronics in the USA than anywhere else I think at the moment.

Excellent arbitrage opportunity here for someone who can figure-out a way to bear the grunt of exporting (shipping, customs, etc.) to international buyers from here in the US.
 
I am not sure since those locals spend Euros in their own countries.

If they were spending Euros but buying in the US then the exchange rate would make a difference.

In fact, it's cheaper to buy electronics in the USA than anywhere else I think at the moment.

Excellent arbitrage opportunity here for someone who can figure-out a way to bear the grunt of exporting (shipping, customs, etc.) to international buyers from here in the US.

Of course you are right, I got the exchange rate the wrong way round. :eek:
 
:)

Conference all is now over. Well, it looks like Apple has imposed itself.
They have been beating their history sales and profits records for two years I think now.

Will it rest on its laurels, will it stumble? One cannot help but wonder. What a winning stretch!
 
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