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Apple Reports 2Q 2024 Results: $23.6B Profit on $90.8B Revenue
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How does this make any sense? No one would intentionally sell products at a lower than optimal price.
To each their own. I have cancelled my own Apple One subscription as well (keeping just my iCloud storage), but I don't expect it to have any material impact on Apple's finances, nor am I hoping that it will have.
No, but some would say that the “optimal price” is the one that would maximize the combined happiness of employees and customers.
How about vision pro ? No one made real questions in this earning call !!! Repeated questions about AI without any answers
But the thing about a customer-facing market is that maximizing revenue implies maximizing happiness of customers. Apple products, with their current prices, have very high customer satisfaction levels and sales. Apple will only lower prices if customers think their products are overpriced, it seems very obvious to me.
In the case of Amazon for 2022, their R&D spend surpasses Apple's by a wide margin.
Companies with highest R&D spending worldwide 2022| Statista
Amazon is the market leader in terms of R&D spending, followed by Meta.
www.statista.com
R&D spending during prior years: https://en.wikipedia.org/wiki/List_of_companies_by_research_and_development_spending
Hasn't been Apple Computer since 2007! 😆
Steve Jobs knew the future and changed the name after unveiling the first iPhone...
Macworld: Apple drops 'Computer' from name, alters branding scheme | AppleInsider
Claiming that his company's original name no longer reflects the products it offers, Apple chief executive Steve Jobs on Tuesday announced that Apple Computer would be renamed Apple, Inc., and revealed new product branding to match.
appleinsider.com
Ugh. Wish they'd upped the dividend to $0.26. They used to be more friendly on yearly increases. Brutally conservative the past three years.
Dividends are tax inefficient compared to buybacks.
46.6%.
It wasn't that long ago when around 40% margin was the target. We're getting close to that magical 50% figure now. And anyone who didn't understand why Apple is fighting tooth and nail against lawmakers and excess regulation to defend services revenue surely might get it now.
What a lovely, misleading graph showing so far back. What I'm seeing here is from Q1 2021 Apple has had very little growth.
Not a very accurate portrayal. There is an inference in your statement that it is a fraudulaent or shady practice or is an insider move. It is none of those things. Every buyback ever announced by Apple has been completed.
The market reacts to news. Returning $110 billion of capital to the company's owners and reducing the number of outstanding shares is big financial news. It instantly and logically will makes the remaining shares of the company more valuable.
The market decides what the stock is worth, not Apple.
Do you think the stock price should go down in response to such news?
Why didn't they show that then!? If it makes them look good it'd make sense to spin it that way.
Wall Street wants to know how they’re going to make money off AI. I think the sell side analysts predicting AI will bring in an upgrade cycle like LTE or 5G are in for disappointment. I think it will be difficult for Apple to announce new AI features but limit them to new hardware. And even if they did that I’m not sure what features would drive hardware upgrades. I think the only way Apple really makes money off AI is if they announce certain features as a paid subscription or part of Apple One and those features apply to existing hardware.
Because it doesn’t make them look so good - it shows they are squeezing more profit from sales.