Apple's blockbuster winter quarter boosted by cheap oil, dinged by strong dollar

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  • Reply 41 of 63
    Quote:
    Originally Posted by Apple ][ View Post

     

    I remember all of those anti-fracking ignoramuses! Boy, were those morons and frackfaces ever wrong!

     

    Thanks to American fracking, OPEC bastards are hurting, Russia is hurting, terrorists in shitty countries all over the place are hurting! This is awesome! Frack them all!

     

    And also, Apple should raise their prices in certain foreign countries, where the exchange rate has changed significantly enough to warrant a change. Apple should not have to eat the cost of anything. People must pay their fair share! If they don't like it, then go buy a cheap Android device, and have a miserable life! It's their choice! 


    I realize that we all need 'enemies' to validate our views (What would you do without Android users? What would the church do if all sin disappeared?). But to constantly focus on a bunch of loonies and generalize about the opposition to your views from the loonies is utterly stupid. You know that.

     

    No one really serious is completely against fracking. People are worried about the environmental impacts, esp. in relation to methane leaks and impact of the fracking chemicals on water quality.

     

    Incidentally, you also should be careful about crowing too much: many small and medium sized frackers have taken on huge amounts of debt (something like one-seventh of all US corporate debt in the past couple of years is for frackers), and run the risk of bankruptcy at <$60 per barrel. They will definitely become more efficient (that's how capitalism works), but in the meantime, there'll be creative destruction. The Saudis' marginal cost of producing oil is in the region of $5-$10. They can last for much longer with low oil prices than the average fracker can.

     

    As an aside, I think the science on the environmental impact of fracking is largely in, and while we could have somewhat more uniform regulation across states (that'll happen), fracking is a fantastic thing for the US.

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  • Reply 42 of 63
    apple ][apple ][ Posts: 9,233member
    Quote:

    Originally Posted by anantksundaram View Post

    Incidentally, you also should be careful about crowing too much: many small and medium sized frackers have taken on huge amounts of debt (something like one-seventh of all US corporate debt in the past couple of years is for frackers), and run the risk of bankruptcy at <$60 per barrel. They will definitely become more efficient (that's how capitalism works), but in the meantime, there'll be creative destruction. The Saudis' marginal cost of producing oil is in the region of $5-$10. They can last for much longer with low oil prices than the average fracker can.

     

    As an aside, I think the science on the environmental impact of fracking is largely in, and while we could have somewhat more uniform regulation across states (that'll happen), fracking is a fantastic thing for the US.


     

    There seems to be sort of a game of chicken currently going on, but I think that we (the US), will come out of it ok.

     

    At least we can agree that fracking is a great thing for the US. I've always been an advocate for less reliance on foreign oil from evil places.

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  • Reply 43 of 63
    boredumbboredumb Posts: 1,418member
    Quote:

    Originally Posted by SpamSandwich View Post

     
    Quote:

    Originally Posted by boredumb View Post



    Hyperbole much? - the tax was already 68 cents per gallon, and the increase is meant to fund

    changes in climate control regs which might, one would hope, keep the planet going a while longer.

    Not a bad way to spend the 7 cents.



    BTW, yes, here it was $4.50 six months ago (SoCal), but is still $2.90 or so where I am...$2.40 sounds pretty good!




    Hyperbole?



    http://www.usnews.com/opinion/economic-intelligence/2014/09/10/california-carbon-gas-tax-could-cost-drivers-big



    Cap-and-trade is a giant scam.

    Yes, it's hyperbole when you intentionally phrase it to sound like a 75 cent increase, for effect.

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  • Reply 44 of 63
    boredumb wrote: »
     
    boredumb wrote: »
    Hyperbole much? - the tax was already 68 cents per gallon, and the increase is meant to fund

    changes in climate control regs which might, one would hope, keep the planet going a while longer.

    Not a bad way to spend the 7 cents.


    BTW, yes, here it was $4.50 six months ago (SoCal), but is still $2.90 or so where I am...$2.40 sounds pretty good!


    Hyperbole?

    http://www.usnews.com/opinion/economic-intelligence/2014/09/10/california-carbon-gas-tax-could-cost-drivers-big


    Cap-and-trade is a giant scam.
    Yes, it's hyperbole when you intentionally phrase it to sound like a 75 cent increase, for effect.

    I think that the idea of a carbon tax is a fantastic one. In fact, it should be $1.75 per gallon. But only under the condition that all of the tax is 'dividended' back via payroll, income, and corporate tax cuts. Some of the proceeds could be, however, kept aside for heating and cooling assistance for the poor, and to fund R&D into fusion and 4th generation nuclear.

    Instead, we currently have a dumb tax policy where we tax socially useful 'goods' like effort, income, and wealth creation, and ignore the 'bads' like fossil fuel production and use. It should be the other way around.
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  • Reply 45 of 63
    apple ][ wrote: »

    At least we can agree that fracking is a great thing for the US. I've always been an advocate for less reliance on foreign oil from evil places.

    If buying stuff from evil places was your concern, you would not be consuming a lot of stuff, including Apple products.

    I am glad for fracking because it increases employment (and soon, possibly export income) here at home, and substantially lowers the US's carbon footprint.
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  • Reply 46 of 63
    apple ][apple ][ Posts: 9,233member
    Quote:

    Originally Posted by anantksundaram View Post





    If buying stuff from evil places was your concern, you would not be consuming a lot of stuff, including Apple products.



    I am glad for fracking because it increases employment (and soon, possibly export income) here at home, and substantially lowers the US's carbon footprint.



    I have no problems with any of my Apple products and where they come from. There are of course different degrees of evil, and I wouldn't put China on the same level of evil as certain big oil producing countries.

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  • Reply 47 of 63
    dasanman69dasanman69 Posts: 13,002member
    apple ][ wrote: »
    I remember all of those anti-fracking ignoramuses! Boy, were those morons and frackfaces ever wrong!

    Thanks to American fracking, OPEC bastards are hurting, Russia is hurting, terrorists in shitty countries all over the place are hurting! This is awesome! Frack them all!

    And also, Apple should raise their prices in certain foreign countries, where the exchange rate has changed significantly enough to warrant a change. Apple should not have to eat the cost of anything. People must pay their fair share! If they don't like it, then go buy a cheap Android device, and have a miserable life! It's their choice! 

    You do know that fracking is used to obtain natural gas, and not oil?
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  • Reply 48 of 63
    Shipping (to the end user or retail) is only part of the story. Apple uses logistics across suppliers and manufacturing partners to keep their supply chain humming. The parts of an iPhone or MacBook Pro aren't all manufactured on site in Foxconn's factory. Apple moves a lot of physical materials around the planet. Something the BOM-thumpers like iFixit conveniently ignore when deconstructing Apple's supposed costs.
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  • Reply 49 of 63
    Quote:

    Originally Posted by dasanman69 View Post

     
    Quote:

    Originally Posted by Apple ][ View Post



    I remember all of those anti-fracking ignoramuses! Boy, were those morons and frackfaces ever wrong!



    Thanks to American fracking, OPEC bastards are hurting, Russia is hurting, terrorists in shitty countries all over the place are hurting! This is awesome! Frack them all!



    And also, Apple should raise their prices in certain foreign countries, where the exchange rate has changed significantly enough to warrant a change. Apple should not have to eat the cost of anything. People must pay their fair share! If they don't like it, then go buy a cheap Android device, and have a miserable life! It's their choice! 




    You do know that fracking is used to obtain natural gas, and not oil?

    Um. I could give you links, but I suggest you inform yourself on this one. 

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  • Reply 50 of 63
    dasanman69dasanman69 Posts: 13,002member
    Um. I could give you links, but I suggest you inform yourself on this one. 

    Yes you're correct. I didn't know it was used for oil as well. The only time I've heard of fracking was to obtain natural gas.
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  • Reply 51 of 63
    MacPromacpro Posts: 19,873member
    dasanman69 wrote: »
    You do know that fracking is used to obtain natural gas, and not oil?

    Why waste your time even answering the ******
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  • Reply 52 of 63
    apple ][apple ][ Posts: 9,233member
    Quote:
    Originally Posted by digitalclips View Post





    Why waste your time even answering the ******



    Hey **** ****. Did anybody ever tell you that you're a ********?:smokey:

     

    It turns out that it was a good idea of him to ask that question, because he wouldn't have been corrected by anantksundaram, and he wouldn't have learned anything new today, had he not posed that question. Facts may not mean much in your world, and to your kind, but it does to others.




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  • Reply 53 of 63
    Quote:

    Originally Posted by Apple ][ View Post

     

     

    There seems to be sort of a game of chicken currently going on, but I think that we (the US), will come out of it ok.

     

    At least we can agree that fracking is a great thing for the US. I've always been an advocate for less reliance on foreign oil from evil places.




    I don't think there's any debate about the anti-frackers. Hollywood, left-leaning liberals are only into renewables. President Obama won't ok the keystone pipeline. He's creating head winds towards US energy independence.

     

    Here's a guy I like..interesting article besides. However you slice it or whatever side you lean towards, some portion of lower fuel prices will end up in Apple's coffers. An earlier poster commented on how energy prices have historically helped drive recoveries (and recessions, depending on the direction of prices). A major driver of recovery was missing this time around: the whopping impact of mortgage refinances for moderate to high income people. The cutoff always helps the lower end and the rich don't care. Those in moderate to very nice homes are stuck underwater.

     

    Here's one of my favorite economists on energy production: http://www.foxnews.com/opinion/2014/10/21/real-reason-gas-prices-are-falling/

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  • Reply 54 of 63
    apple ][apple ][ Posts: 9,233member
    Quote:
    Originally Posted by bugsnw View Post

     



    I don't think there's any debate about the anti-frackers. Hollywood, left-leaning liberals are only into renewables. President Obama won't ok the keystone pipeline. He's creating head winds towards US energy independence.

     

    Here's a guy I like..interesting article besides. However you slice it or whatever side you lean towards, some portion of lower fuel prices will end up in Apple's coffers. An earlier poster commented on how energy prices have historically helped drive recoveries (and recessions, depending on the direction of prices). A major driver of recovery was missing this time around: the whopping impact of mortgage refinances for moderate to high income people. The cutoff always helps the lower end and the rich don't care. Those in moderate to very nice homes are stuck underwater.

     

    Here's one of my favorite economists on energy production: http://www.foxnews.com/opinion/2014/10/21/real-reason-gas-prices-are-falling/


     

    I just read that through article, and found it to be a good article, and I agree with it.

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  • Reply 55 of 63

    so suddenly this quarter will not be dramatic news records in iphone sales and overall profits? that would explain AAPL stock price 10% decline in recent days. But from my view, i would not blame oil or currency rates, but simply quality and price of product.

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  • Reply 56 of 63
    total wrote: »
    so suddenly this quarter will not be dramatic news records in iphone sales and overall profits? that would explain AAPL stock price 10% decline in recent days. But from my view, i would not blame oil or currency rates, but simply quality and price of product.

    What about the "quality and price" of Apple products do you think warrants a 10% drop, that coincidentally mirrors the market as a whole?
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  • Reply 57 of 63
    solipsismy wrote: »
    What about the "quality and price" of Apple products do you think warrants a 10% drop, that coincidentally mirrors the market as a whole?

    The market sure seems to operate as a single entity at times, doesn't it? Coincidence, collusion or central planning?

    As of this moment, AAPL is now falling close to $108.24. There's nothing rational about that.
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  • Reply 58 of 63
    Quote:

    Originally Posted by SpamSandwich View Post





    The market sure seems to operate as a single entity at times, doesn't it? Coincidence, collusion or central planning?



    As of this moment, AAPL is now falling close to $108.24. There's nothing rational about that.

     

    very rational if Q4 results will be 5-10% growth, as latest articles like limited supply suggest. $120 price is for 20% growth imho. I definitely wait more, under $90 will be AAPL again attractive to hold.

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  • Reply 59 of 63
    total wrote: »
    very rational if Q4 results will be 5-10% growth, as latest articles like limited supply suggest. $120 price is for 20% growth imho. I definitely wait more, under $90 will be AAPL again attractive to hold.

    I suspect Apple will maintain about a 30% annual growth rate, which is insane at their size.
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  • Reply 60 of 63
    Quote:

    Originally Posted by SpamSandwich View Post





    I suspect Apple will maintain about a 30% annual growth rate, which is insane at their size.

    yes that would be huge and then AAPL should be $150 easily, but i dont believe it will be so high because of: 1) not so high demand, i really saw just couple of people with new IP6 in my country (ofcourse non US) 2) they are not physically able to produce +30% more devices 3) management is not interested in such high growth, it is simly too much and not sustainable.

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