shahhet2

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shahhet2
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  • Apple sells 74.8M iPhones, rakes in $75.9B in revenue in company's biggest quarter ever

    shahhet2shahhet2
    rogifan_old said:
    60% of the install base has not upgraded to a 6/6 Plus, 6S or 6S Plus. Only 9% upgraded in Q1. That seems awfully high. Is that due to prices or more people than thought didn't want larger screen phones?
    It just means, that existing iPhone are good to use as it is and they will continue using it unless really needs an upgrade. (Just think in line of iPads)
    Also "No more $199 phone with 2 year contract" from all 4 US carriers is going to hurt them more, then help with new  installment plan as far as I see it.

    canukstorm

  • Apple sells 74.8M iPhones, rakes in $75.9B in revenue in company's biggest quarter ever

    shahhet2shahhet2
    sog35 said:
    shahhet2 said:
    Not too excited for next quarter.
    For year 2015, 3 month ending in March Apple had posted quarterly revenue of $58 billion.
    For year 2016, 3 months ending in March Apple is forecasting quarterly revenue of $50-$53 billion. (Mid point $51.5 which is down for $58 billion)
    That points to about 10% quarter over quarter revenue decline despite adding lot many service revenue streams.
    Can't wait for some good Car or some other big announcement to get stock back up.
    I guess for now, it's in hold period until something big comes along.
    This was expected until something big comes along. Service revenue are not making much dent and now the iPhone revenue is in declining mode from next quarter.

    You need to take into account currency headwinds.   That is probably $3-$4 billion.

    Also the iPhone6 was a massive upgrade cycle. The 6s not so much. I expect the 7 to be a massive upgrade cycle also.
    iPhone6 was massive upgrade cycle due to first time big screen release. That luxury is gone now, so don't fool yourself.
    Even with current headwinds, I can see over 10% decline in pure iPhone revenue, as you have to add new Service revenue streams. 
    canukstorm

  • Apple CEO Tim Cook calls US tax code outdated and 'awful for America'

    shahhet2shahhet2
    gatorguy said:

    shahhet2 said:
    The 40% refers to the combined U.S. federal(35%) and state tax rate(5%) Apple would likely owe.
    Still doesn't account for the taxes Apple already paid on those profits. Surely Apple paid something on it already and that would be deducted from what is stilled owed to the US, right? For example if they paid 12% to the Irish the remaining corporate taxes owed to the Feds would be 23%.
    Yes I believe he was referring that in general overall tax of 40% ridiculous.

    Obviously any company have to pay only the difference of 40%  - paid taxes, but overall 40% tax for profit that was  earned outside US is not favored by any corporation.
    That's my understanding.
    anantksundaramradarthekatjbdragon

  • Apple CEO Tim Cook calls US tax code outdated and 'awful for America'

    shahhet2shahhet2
    gatorguy said:
    Cook told Rose that he would "love to bring it home," but current policies are outdated and unfair.

    "It would cost me 40 percent to bring it home, and I don't think that's a reasonable thing to do," Cook said.
    ??

    If the US rate is 35%, less the corporate taxes already paid overseas in the country of origin, it couldn't be anywhere close to 40% to bring it home could it? Am I missing something?
    The 40% refers to the combined U.S. federal(35%) and state tax rate(5%) Apple would likely owe.
    snovaadoniramjbdragon

  • The search for Apple's next big thing

    shahhet2shahhet2
    drewys808 said:
    sog35 said:

    Personally I'm sick and tired of Apple stock.  I sold a significant amount of my shares this morning (at a decent profit mind you).

    I'm done following this pathetic stock (not a pathetic company).  Fuc you Wall Street. I'm done with this shiit.  I still hold about 800 shares but those will be in deep freeze for decades.  I'm done following this company of a daily basis or even monthly basis.  Once the stock hits $140-$150 I'm selling it all.  Apple board of directors and CEO don't give a crap about stockholders.  

    This will be my last post here for 12 months.  
    I lost my bet that Apple see's $150.
    So long.  See you on 12/14/16.  Or maybe never.
    Sad to see you go. You provided interesting vision, naive at times, but that's what visionaries do.
    Seems like a good time for you to take a break as we could sense your bitterness.
    I do hope your fascination with Apple stock (or any investment for that matter) is kept in balance with the other more important priorities in life.
    Good luck.
    -drewys
    Glad, I am not going to see those logically illogical or should I say impossible comments getting repeated over and over and over and over for a year and hopefully never. (Unless he can't resist and comes back with different name or may be already started building reputation with different name)
    afrodri