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Apple is down like 6% today on reports of soft iPhone sales. In an economy where people are actually belt tightening luxury hardware sales are not exactly reces
by tempsy 4y ago
Apple is down like 6% today on reports of soft iPhone sales. In an economy where people are actually belt tightening luxury hardware sales are not exactly recession proof
- noir_lord 4y agoThey also have a cash mountain and I'd like to own a company that makes 94% of last years iphone sales. Over 200bn the last time I saw a figure (90bn in cash, the rest invested). https://www.investors.com/etfs-and-funds/sectors/sp500-companies-stockpile-1-trillion-cash-investors-want-it/ https://www.investors.com/etfs-and-funds/sectors/sp500-compa...
- tempsy 4y agoI’m not an Apple bear, I’m saying that it’s a bit naive to say that any company will not be negatively affected by a recession that can result in downsizing or layoffs.
- colinmhayes 4y agoDOesn't matter how much cash they have. Ownership will demand cuts if earnings fall.
- gumby 4y agoVanguard and Blackrock are the largest outside shareholders and are unlikely to take shareholder action. Third is Berkshire Hathaway and while they do weigh in from time to time it's unlikely in this case.