Apple (AAPL) 06 (Aug 23 - Dec 26)

[winston]

vested

<Research>Daiwa Raises Apple (AAPL.US) TP to US$230 as Firm May Become Leader in AI Phone Category

Apple Inc. (AAPL.US)'s results for third financial quarter ended June beat expectations, with revenue rising 4.9% YoY to US$85.8 billion, beating market consensus of US$84.4 billion, Daiwa released a research report saying.

EPS also beat market expectations. Daiwa believed that Apple's AI is the key to increasing average selling prices and a 2025 upgrade cycle.

Daiwa remained bullish on the Group as it is poised to become a leader in the AI handset area, and raised its target price to US$230 from US$210, with rating kept at Outperform.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

vested

Apple: The Magnificent Seven stock best avoided right now

The recently enacted Digital Markets Act could damage the dominance of its App Store in Europe by forcing the company to support third-party app stores.

Additionally, Apple is losing smartphone market share to local competitors in China.
Regional iPhone shipments fell 3% in the second quarter despite an acceleration in the broader market. That is concerning because China accounted for 19% of Apple's revenue last year.

Finally, Apple lacks a clear-cut strategy where AI is concerned. It plans to introduce Apple Intelligence in October, bringing AI features to iPhones and MacBooks. But those features are free and, apart from potentially driving product upgrades, management has yet to detail plans for future monetization.

Apple reported modest financial results in the June quarter.

Revenue rose 4.8% to $85.8 billion, and GAAP net income increased 7.6% to $21.4 billion. Active devices hit a record high across all products and geographic segments, services revenue climbed 14% to a record $24.2 billion, and gross margin expanded 180 basis points. In short, Apple is successfully drawing consumers to its hardware ecosystem and monetizing them with high-margin services.

The problem is valuation. Apple stock currently trades at 31.8 times earnings, a premium to the three-year average of 27.8 times earnings. That price tag looks especially expensive, given that Wall Street expects Apple to grow earnings per share at 9% annually over the next three years.

That rich valuation may explain why Warren Buffett has slashed Berkshire Hathaway's stake in Apple in recent quarters. Investors should avoid this stock right now.

Source: Motley Fool

[winston]

vested

Apple Inc. (AAPL) – Thursday, August 1

After the market closed, Apple announced fiscal third-quarter earnings that exceeded expectations.

The company reported $1.40 earnings per share on $85.78 billion in revenue, or 11.11% year-over-year earnings growth and 4.9% year-over-year revenue growth.

Analysts were expecting $1.35 earnings per share on $84.53 billion in revenue, so Apple reported a slight earnings and revenue surprise.

Apple’s revenue was driven by iPhone sales, which accounted for 46% of the company’s total sales during the quarter. iPhone revenue came in at $39.29 billion, just beating expectations for $38.81 billion. However, it represented a nearly 1% year-over-year decline.

Apple’s Services division, which includes hardware warranties and subscriptions like Apple TV+, reported $24.21 billion in sales, representing 14.1% growth from the same quarter a year ago. This was slightly above analyst estimates calling for $24.01 billion in revenue.

Its Mac division reported $7 billion in sales, up 2.5% from the same quarter a year ago.

Apple’s iPad division saw the biggest increase, with sales rising 24% year-over-year to $7.16 billion. The strength was due to the release of new, updated iPads for the first time since 2022.

Source: Investor Place

[behappyalways]

iPhone 16 will be released next month.
Zhengzhou Foxconn, a subsidiary of Hon Hai, is said to have increased hourly wages to sprint towards shipments.
The bonus will be RMB 7,500.

iPhone16下月發表 鴻海旗下鄭州富士康傳漲時薪衝刺出貨量 獎金上看人民幣7500元｜非凡財經新聞｜20240808

https://m.youtube.com/watch?v=ITDkbQx3s4M

[behappyalways]

Not rose gold! The special color of i16 Pro is "Desert Titanium Gold"?
Public reaction is extremely extreme

不是玫瑰金! i16 Pro特殊色是"沙漠鈦金色"? 民眾反應超極端｜非凡財經新聞｜20240819

https://m.youtube.com/watch?v=2I2ccSiaw3Y

[behappyalways]

The yield rate of iPhones made in India is low.
Mainland media promotes Foxconn’s return to Zhengzhou to expand talent recruitment

印度製造iPhone良率低 陸媒宣傳富士康重返鄭州擴大徵才｜TVBS新聞

https://m.youtube.com/watch?v=UZ9FCddXtBk

[behappyalways]

Apple Boosts iPhone Orders By 10%, Betting On AI Upgrade Supercycle
https://www.zerohedge.com/technology/ap ... supercycle

[behappyalways]

Work overtime every day to rush to ship iPhone 16!
Foxconn in Zhengzhou, China recruits workers at a high price and can get up to 100,000 yuan if you work for 3 months with rebates

天天加班趕拚iPhone16出貨!中國鄭州富士康高價招工 返費工做滿3個月最多拿10萬｜非凡財經新聞｜20240901

https://m.youtube.com/watch?v=x5bF2K9r9-s

[behappyalways]

Who is more courageous? Huawei collides with Japan and challenges Apple!

24.09.03【豐富│東南西北龍鳳配】Pt.3 有誰更氣魄？華為撞日，單挑蘋果！

https://m.youtube.com/watch?v=Pxx9ZBac-xQ&t=1s

[winston]

not vested

Apple loses fight against 13 billion euros EU tax order to Ireland

“The European Commission is trying to retroactively change the rules and ignore that, as required by international tax law, our income was already subject to taxes in the US,” the company said.

The ruling is final and cannot be appealed. REUTERS

Source: Business Times

https://www.businesstimes.com.sg/compan ... er-ireland