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And the stock increased over 4% in after-hours trading, as increases in non-iPhone hardware sales and services overcame the decrease in iPhone sales. Earnings p

And the stock increased over 4% in after-hours trading, as increases in non-iPhone hardware sales and services overcame the decrease in iPhone sales. Earnings per share slightly beat the consensus forecast. An interesting quote from Cook in the press release: "The balance of calendar 2019 will be an exciting period, with major launches on all of our platforms, new services and several new products"

deleted 7y ago
[deleted]
rootusrootus 7y ago
Yet another lesson that stock pricing is about predicting the future, not reacting to quarterly reports.
- mruts 7y ago
  Of course, but also quarterly reports help you predict the future.
- dumg 7y ago
  I can argue that in the last 10 years, the stock price for non-payers of dividends is no longer a function of KPIs. Take for example Pinterest. It was offloaded to the stock market when KPIs have been dropping for a very long time [1]. The company is likely doomed. Yet the stock is above the IPO [2]. 1. https://trends.google.com/trends/explore?date=all&geo=US&q=pinterest https://trends.google.com/trends/explore?date=all&geo=US&q=p... 2. https://robinhood.com/stocks/PINS https://robinhood.com/stocks/PINS [1Y]
  - RhodesianHunter 7y ago
    What makes you say that Pinterest is doomed? In my anecdotal experience it seems like every suburban mom curates several boards near-obsessively.
gonational 7y ago
If one of these major launches is a MacBook Pro with the same (or better) specs (esp video graphics) as their latest MacBook Pro, but without a TouchBar, they will get at least $2,500 from me. If one of these major launches is an iPhone X-like phone with a thumbprint reader (home button or otherwise), they will get at least another $1,000 from me.
- nullandvoid 7y ago
  I do not think they will be getting any money from you!
- noncoml 7y ago
  I don’t even mind the touchbar. Just give me back the Escape key!
  - hanniabu 7y ago
    They removed the escape key? What the..... I'm never going to retire my 2013 MBP at this rate.
    - ses1984 7y ago
      It's very easy to remap caps lock to escape.
      - computerex 7y ago
        That's not the point. You shouldn't have to map caps lock to escape.
        ses1984 7y ago
        Why not, it's better anyway?
        computerex 7y ago
SkyMarshal 7y ago
>The balance of calendar 2019 will be an exciting period, with major launches on all of our platforms, new services and several new products" A nitpick, but I wish people in business would diversify their vocabulary and learn to use words other than "exciting" to describe everything. Calling something exciting does not make it so. Show why it's exciting, don't just claim that it is.
capkutay 7y ago
AAPL is still undervalued compared to stocks like AMZN. Apple's P/E of 17 is amazing compared to Amazons 78. I'm not really sure why their stock isn't traded with the same enthusiasm that other tech companies see.
- jvagner 7y ago
  Apple will never get the same P/E love, because they only make like 4 things (Mac, iPhone, iPad, services). Everyone loves to hate on Apple on multiple fronts (elitist, expensive, over the hill), whereas the hate on Amazon is really about one thing.. that ol "makes no profit" canard. CLARIFICATION: I’m talking perception, not my beliefs. Uber’s a scam, as far as I can tell, but they will either pull off a miracle or be the biggest Groupon of all time. And Snap isn’t very good at being a public company.
  - Fnoord 7y ago
    > whereas the hate on Amazon is really about one thing.. that ol "makes no profit" canard. Ahem [1], and while we're at it, [2] My criticism to Apple isn't that they're being expensive; it is related to right to repair and their constant efforts to hamper that. Amazon just undercuts everyone, and Turk globalizes cheap workforce. For ridiculous low payment. These are just 2 examples you did not mention. You can read more in the sources below. [1] https://en.wikipedia.org/wiki/Criticism_of_Amazon https://en.wikipedia.org/wiki/Criticism_of_Amazon [2] https://en.wikipedia.org/wiki/Criticism_of_Apple_Inc https://en.wikipedia.org/wiki/Criticism_of_Apple_Inc.
    - jvagner 7y ago
      I don’t disagree with that, but I don’t think the market cares about that.. w/r/t Apple. I wish they weren’t targeting the masses so completely. iPhones shouldn’t have the absolute worst charging tech in the box.
    - privateSFacct 7y ago
      People have historically been willing to pay apple more because in part of how seamlessly integrated their products are. I bought a “repairable” android and it was junk / not updated. My old iPhones have kept value far better than friends androids after 3 years. Apple is doing something that preserves phones value (ie, they may actually maintain them for longer with updates etc vs their “repairable” competitors. And I’ve never had a problem getting my phone repaired
matwood 7y ago
> And the stock increased over 4% in after-hours trading Because the shift to services is exactly what everyone has been clamoring for. Looks like a pretty great quarter for Apple. I think it is the biggest June quarter revenue wise ever.

deleted 7y ago

[deleted]

rootusrootus 7y ago

Yet another lesson that stock pricing is about predicting the future, not reacting to quarterly reports.

mruts 7y ago
Of course, but also quarterly reports help you predict the future.
dumg 7y ago
I can argue that in the last 10 years, the stock price for non-payers of dividends is no longer a function of KPIs. Take for example Pinterest. It was offloaded to the stock market when KPIs have been dropping for a very long time [1]. The company is likely doomed. Yet the stock is above the IPO [2]. 1. https://trends.google.com/trends/explore?date=all&geo=US&q=pinterest https://trends.google.com/trends/explore?date=all&geo=US&q=p... 2. https://robinhood.com/stocks/PINS https://robinhood.com/stocks/PINS [1Y]
- RhodesianHunter 7y ago
  What makes you say that Pinterest is doomed? In my anecdotal experience it seems like every suburban mom curates several boards near-obsessively.

gonational 7y ago

If one of these major launches is a MacBook Pro with the same (or better) specs (esp video graphics) as their latest MacBook Pro, but without a TouchBar, they will get at least $2,500 from me. If one of these major launches is an iPhone X-like phone with a thumbprint reader (home button or otherwise), they will get at least another $1,000 from me.

nullandvoid 7y ago
I do not think they will be getting any money from you!
noncoml 7y ago
I don’t even mind the touchbar. Just give me back the Escape key!
- hanniabu 7y ago
  They removed the escape key? What the..... I'm never going to retire my 2013 MBP at this rate.
  - ses1984 7y ago
    It's very easy to remap caps lock to escape.
    - computerex 7y ago
      That's not the point. You shouldn't have to map caps lock to escape.
      - ses1984 7y ago
        Why not, it's better anyway?
        computerex 7y ago

SkyMarshal 7y ago

>The balance of calendar 2019 will be an exciting period, with major launches on all of our platforms, new services and several new products" A nitpick, but I wish people in business would diversify their vocabulary and learn to use words other than "exciting" to describe everything. Calling something exciting does not make it so. Show why it's exciting, don't just claim that it is.

capkutay 7y ago

AAPL is still undervalued compared to stocks like AMZN. Apple's P/E of 17 is amazing compared to Amazons 78. I'm not really sure why their stock isn't traded with the same enthusiasm that other tech companies see.

jvagner 7y ago
Apple will never get the same P/E love, because they only make like 4 things (Mac, iPhone, iPad, services). Everyone loves to hate on Apple on multiple fronts (elitist, expensive, over the hill), whereas the hate on Amazon is really about one thing.. that ol "makes no profit" canard. CLARIFICATION: I’m talking perception, not my beliefs. Uber’s a scam, as far as I can tell, but they will either pull off a miracle or be the biggest Groupon of all time. And Snap isn’t very good at being a public company.
- Fnoord 7y ago
  > whereas the hate on Amazon is really about one thing.. that ol "makes no profit" canard. Ahem [1], and while we're at it, [2] My criticism to Apple isn't that they're being expensive; it is related to right to repair and their constant efforts to hamper that. Amazon just undercuts everyone, and Turk globalizes cheap workforce. For ridiculous low payment. These are just 2 examples you did not mention. You can read more in the sources below. [1] https://en.wikipedia.org/wiki/Criticism_of_Amazon https://en.wikipedia.org/wiki/Criticism_of_Amazon [2] https://en.wikipedia.org/wiki/Criticism_of_Apple_Inc https://en.wikipedia.org/wiki/Criticism_of_Apple_Inc.
  - jvagner 7y ago
    I don’t disagree with that, but I don’t think the market cares about that.. w/r/t Apple. I wish they weren’t targeting the masses so completely. iPhones shouldn’t have the absolute worst charging tech in the box.
  - privateSFacct 7y ago
    People have historically been willing to pay apple more because in part of how seamlessly integrated their products are. I bought a “repairable” android and it was junk / not updated. My old iPhones have kept value far better than friends androids after 3 years. Apple is doing something that preserves phones value (ie, they may actually maintain them for longer with updates etc vs their “repairable” competitors. And I’ve never had a problem getting my phone repaired

matwood 7y ago

> And the stock increased over 4% in after-hours trading Because the shift to services is exactly what everyone has been clamoring for. Looks like a pretty great quarter for Apple. I think it is the biggest June quarter revenue wise ever.