Is it standard practice to sell the news on Apple? Stock is on a tear since they announced their upcoming press conference. I wonder if I should sell the day before or morning of the conference itself?

Insecure reply to Spotify.
Now that the growth story is supposed to be saved by services, it doesn't surprise me.

what the f**k this
https://twitter.com/Yalujb/status/1107657865202941955

Out of curiousity, has any of you guys seen personally bought new iPads pros out in the wild recently? It has just occured to me only new iPads I see nowadays seem to be part of some corporate platform (hospitals, PoS terminals, and so on).

Lol Apple release some bland upgrades. Google announce 4k gaming with 60 fps streamed to pretty much everything.

Google stadia looking robust to say the least...

Apple is full of 2nd rate people. They can't compete with Google or Microsoft or Amazon in any real software, like AI, cloud, etc. They're a consumer company who writes ****ty simplistic software for their own hardware and don't have high level compsci skills.

We're going to see why they didn't just buy dis or nflx today.

apple news+ does everything except offer a chance to win 10,000,000/year for life. the creepy presenters didn't do it any justice.

Are there really that many people out there just dying to subscribe to more services? News, games, music, even a credit card. Hopefully they will at least bundle them all together.

QVC does a better job selling amazon fire sticks than apple does demoing apple channels.

And they launch Arcade. You read here tomorrow's news today.

Oprah discussion thread

Apple reminds me of Sony from the late 90s.

Too much cash on hand and not enough innovative products so they are just slapping their brand on everything they can buy.

Not clear if that worked out well (or badly) for Sony overall.

That was a perverse distraction from the very real problems with iphone. Buying Oprah instead of buying Disney... the liberal crescendo to end their political rally disguised as a tech conference.

The arcade service is years too late, was incredibly underwhelming, and only includes titles that "gamers" want to play. Stadia looks next gen, Arcade looks like a pacman cabinet. Gaming is where the $ is moving now, and where its going to be in the future. They have a stranglehold with itunes catalog, but are investing more heavily in scripted content. These clowns are spraying seltzer in the faces of loyal shareholders.

I dont think sony is doing too well, their computers are gone, smartphone are super rare, tablet are gone, sony TVs are still a thing but chinese manufacturer are starting to kill that aswell.

I just watched an hilarious video pointing something awefull : the newest base imac in 2019 is rocking a 1tb 5400 tpm Harddrive and is a huge pain in the ass to change for people who buy that by mistake not knowing how hard they will bottleneck their brand new 1300$ computer.

I definitely lean toward SNE is doing terribly but one could argue without the diversifications, Sony wouldn’t have media and PlayStation propping up its terrible consumer electronics business.

This reminds me of a story from a few years ago. I was in line at an airport and a Japanese kid was telling his dad he didn’t want a Sony phone because Sony phones are no good. The brand is shot. This episode stuck with me because Sony (trinitron screens especially when they had monopoly, and audio too at the high end) was the premium (non hobbyist category) during my teenage years.

Damn I feel old.

Up 10 days in a row back over $200 and closing in on $1t market cap, nice guide down Timmy! Scooped up even more shares for the buyback while the fundAmentals on unit sales continue to show weakness! The service numbers in the next report better be insanely good after this move off the lows, getting back to 16x earnings which is historically on the expensive side for this company.

I sold all my apple today at $201.

Interesting news today for this **** company and **** stock.

Apple tv+ seems underwhelming but it can grow positively. Arcade might be ok as the pricing is fine but game they presented looked terrible.

IPhone 11 is super weak. They are barely catching up with Google for the camera. The face of the iPhone 11 is such a joke that they didn't show it during the keynote. If Google do a decent job with pixel 4 that won't be a great year for Apple and considering what other Android manufacturers have released already this year that shouldn't be hard.

Anyone else curious about how this is maintained such impressive relative strength this year despite arguably static/worsening fundamentals (remember the guide down first week in January when it traded into the $140s)? I guess the simple explanation is its viewed as "value tech" and the yield especially with lower rates makes it an easy choice to hideout. It's a really tough name to short, the buyback and way passive money clusters here makes it a tough fight but make no mistake... The smartphone cycle is being elongated. They are selling less iPhones, no matter how well services and the ecosystem is growing/static while picking up the slack. There is a lot of macro and trade risk as well yet I feel like that premium is largely ignored except on a short term basis.

Lowering the price of the iPhone when previous year they were banking on increasing non stop year after year is a bad look. Pivoting on services instead of devices sales is a rough change of strategy. So far arcade is lame. And i dont think tv+ will have enough content for a few years while being priced in New devices purchases for a while.

Apple has been trading at PEs between 10 and 20 for a few years. Assuming ~11% cost of equity, that implies something like 3-6% long term growth rate, depending on what you think what the short term growth rates are.

why

Just assuming about 6.5% Rm * ~1.1 beta + ~3% rf (30 year government bond). That looks closer to 10 now I type it out so implied long term gr