Apple (AAPL) 05 (Aug 18 - Dec 24)

[behappyalways]

Another Problem? iPhone 15 Users Report "Rattle Or Crackle" In Audio
https://www.zerohedge.com/technology/an ... ckle-audio

[winston]

The FAANG stock to avoid like the plague in October: Apple

by Sean Williams

Focusing on a variety of subscription services should minimize the sales lumpiness often associated with major physical product replacement cycles, as well as lift Apple’s operating margin over the long run.

It should also be noted that Apple has an exceptionally loyal customer base and well-recognized brand. The trustworthiness of the Apple brand and its management team is one of the core reasons why billionaire investor Warren Buffett has nearly 47% of Berkshire Hathaway‘s $337 billion investment portfolio tied up in Apple stock.

For instance, iPhone 14 failed to wow consumers or investors. Modest initial sales caused Apple to rethink its plan to boost production last year. Through the first nine months of fiscal 2023 (Apple’s fiscal year ends in late September), iPhone sales are down almost $6.1 billion, relative to the comparable period in fiscal 2022.

It’s a similar story for the remainder of the company’s physical products. Mac sales have been hit hardest (down 24%), while iPad (down 1%) and wearable, home, and accessories (down 3%) sales are modestly lower through nine months.

Apple also looks to be somewhat dropping the ball when it comes to artificial intelligence (AI). In June, the company unveiled its augmented reality device known as the Vision Pro. Apple was expected to deliver 1 million units of this practically $3,500 headset in 2024. However, a report from Financial Times, based on internal sources, now suggests Apple is targeting just 400,000 headsets next year.

But perhaps most damning of all is Apple’s valuation. For more than a half-decade leading up to the end of fiscal 2018, shares of Apple could be purchased for roughly 10 to 15 times forward earnings. What made the company so attractive is that it consistently grew sales by a double-digit percentage.

As of this very moment, Apple isn’t a growth company. Even though its services segment is expanding, revenue declines from all of its physical products are expected to result in a low-single-digit drop in both the company’s sales and profits in fiscal 2023.

Despite this decline, investors are paying 26 times forward earnings. That’s very close to the upper end of Apple’s valuation range over the past decade, and all the more reason to avoid Apple like the plague in October.

Source: The Motley Fool

https://tradesoftheday.com/2023/10/09/1 ... -to-avoid/

[behappyalways]

Apple Mac shipments fell a staggering 24.2% in Q3 year-over-year
https://twitter.com/Mayhem4Markets/stat ... 1223206316

[behappyalways]

Apple Shares Slide After Research Shows iPhone Launch In China Disappoints
https://www.zerohedge.com/markets/apple ... isappoints

[behappyalways]

Apple’s iPhone loses top spot in China to Huawei: Analysts
https://www.cnbc.com/2023/10/16/apples- ... lysts.html

[behappyalways]

Sales of Apple's new phones in China are poor; Cook visits Chengdu to boost sales

蘋果新機中國銷量不佳 庫克訪成都救買氣｜方念華｜FOCUS全球新聞 20231018@tvbsfocus

https://m.youtube.com/watch?v=DEXXHHOzbkM

[behappyalways]

Why My iPhone 14’s Battery Expired in Only a Year | WSJ
https://m.youtube.com/watch?v=lraSjEQ5xdM


Nationalism Wave In China Possibly Contributing To Apple iPhone 15's Slumping Demand
https://www.zerohedge.com/markets/natio ... ing-demand

[winston]

not vested

Apple on Thursday reported that sales fell for the fourth consecutive quarter when compared to the prior year, but profit rose on the back iPhones and services.

The tech giant said it made a profit of US$23 billion on revenue of US$89.5 billion, which was down slightly from the same period last year.

Source: Phillips

[winston]

not vested

Apple Inc. – Services the spark amidst weak outlook
Recommendation : ACCUMULATE (Upgraded);
TP: US$194.00, Last Close: US$176.65

4Q23 results were within our expectations.

FY23 revenue/PATMI were at 101%/100% of our FY23e forecasts.

Services growth of 16% YoY was the standout.

Services benefited from a higher installed base of >2bn active devices, while iPhone demand remains resilient – especially in China which saw record 4Q sales.

iPad/Mac/Wearables remain a drag, with continued weakness moving into 1Q24e.

We left our FY24e forecast unchanged but raised revenue/EBITDA by 5% for FY25e.

We expect Services and iPhones to be the main drivers of growth and are encouraged by market share gains in China and India.

As a result, we upgraded our rating from NEUTRAL to ACCUMULATE, with a raised DCF target price of US$194.00 (prev. US$$183.00), a WACC of 6.5%, and a terminal growth rate of 3%.

Source: Phillips

https://www.poems.com.sg/stock-research/AAPL/

[behappyalways]

Apple has bought back $604 billion in stock over the past 10 years, which is greater than the market cap of 492 companies in the S&P 500.
https://twitter.com/charliebilello/stat ... 3077100623