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

[behappyalways]

Apple Developing Robot As "Next Big Thing" After Dumping Electric Car Project
https://www.zerohedge.com/markets/apple ... ar-project

[behappyalways]

"Friendshoring" Ramps Up As Apple's Made-In-India Iphones Tops $14 Billion
https://www.zerohedge.com/technology/fr ... 14-billion

[winston]

not vested

Shipments of iPhones slide 10pc in March

Apple's iPhone shipments slid a bigger-than-projected 10 percent in the March quarter, reflecting flagging sales in China despite a broader smartphone industry rebound.

Source: AP

https://www.thestandard.com.hk/section- ... c-in-March

[winston]

not vested

1Q Earnings

Apple: After four consecutive quarters of declining revenue, Apple finally returned to growth in the last three months of 2023.

But there was one notable soft spot: China.

Sales in China fell 13% year over year, with the company pointing to a slight dip in iPhone sales as one of the reasons.

The situation appears to have gotten worse since then.

Research firm Counterpoint estimates that iPhone sales in China fell as much as 19% in the first quarter, while Chinese rival Huawei grew a whopping 69.7%.

Source: Fortune

[behappyalways]

Apple Slashes Vision Pro Shipment Projections By 50% As Demand For $3,500 Headset Craters
https://www.zerohedge.com/markets/apple ... nd-craters

[winston]

not vested

3 Reasons to Buy Apple Stock Like There's No Tomorrow

by James Brumley

1. The company's dealing with the headwind in China
India alone could account for 15% of Apple's revenue growth over the course of the coming five years.

2. Apple is finally getting serious about AI

3. Cash is still flowing like crazy
The $100.9 billion worth of net income the company's produced over the course of the past four reported quarters is nearly a record, second only to the 12-month stretch ending in early 2022

Sales of apps and streaming content improved 11% year over year last quarter, but more than that, this revenue is very high margin. Roughly three-fourths of the company's services sales are converted into gross profit versus only 40% of product-driven revenue.

Apple is also sitting on $73 billion worth of cash and cash-like instruments plus another $99 billion worth of marketable securities.

Source: The Motley Fool

https://finance.yahoo.com/news/3-reason ... 00131.html

[winston]

not vested

1Q Earnings

Apple on Thursday said its quarterly profit ebbed but topped market forecasts as it announced an unprecedented US$110 billion share buyback.

The iPhone maker reported a profit of US$23.6 billion on US$90.8 billion in revenue in the first three months of this year.

Shares were up nearly 6 per cent to US$183 in after-market trades, buoyed by the epic buyback program.

As expected, iPhone sales dropped with pressure growing from China and increased competition from Huawei.

Source: Phillips

[behappyalways]

Warren Buffett cuts Berkshire's stake in Apple by 13% as iPhone sales slump
https://m.youtube.com/watch?v=qpcRmsA2Pq4


Warren Buffett explains why Berkshire reduced its big Apple stake
https://m.youtube.com/watch?v=7OG2LBjmNQM

[winston]

not vested

Apple shares jumped the most in almost a year-and-a-half after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing.

Though revenue fell 4.3 per cent to US$90.8 billion in the March quarter, that was better than the US$90.3 billion predicted by analysts.

Profit also topped Wall Street projections in the period, and Apple announced the biggest stock buyback in US history.

The shares rallied as much as 8.1 per cent to US$187 on Friday (May 3) morning in New York. It was the biggest intraday gain since November 2022.

Apple had been down 10 per cent this year before results were released on Thursday.

The results came as a relief to investors, who have been waiting for the iPhone maker to pull out of a long slump.

Apple has posted sales declines in five of the past six quarters, hurt by a sluggish smartphone market and headwinds in China.

The company had warned analysts in February that revenue in the latest period would be down about 5 per cent from a year earlier.

In the current period, Apple expects sales to climb by a percentage in the low single digits.

The company predicted that both its iPad and services business would grow by a rate in the double digits, but declined to give a forecast for the iPhone – its flagship product.

Source: Phillips

[winston]

not vested

<News alert> AAPL: USD110bn share buyback sets new record

Apple’s 2QFY9/24 EPS was flat y/y, in line with market expectations
Management guiding for a low-single-digit y/y revenue growth in 3QFY9/24
Share price supported by USD110bn share buyback; maintain BUY
TP: US$209

Source: DBS

https://www.dbs.com/insightsdirect/comp ... ecid=19408