charlesn
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Tim Cook will be at the White House for US investment announcement
iluvcrap2000 said:Smoke and mirrors. They will "Invest" into a Limited Commitment and Take the Time till He gets out of office. -
Apple expected to announce another $100B U.S. manufacturing investment
If there's one thing I love about this Republican administration, it's their small "g" government approach! They're all about getting government and regulations off the backs of businesses, finally! Except, of course, for the use of tariffs as blatant extortion to force businesses to invest where Trump wants them to invest, the actual economics of such investment be damned!
By the way, how is that $10 billion investment from Foxconn in Wisconsin going, the one that Trump 45 announced with much fanfare? Have they filled all 13,000 new jobs yet? /s -
Siri may get Chat GPT-like search powers driven by a new Apple team
Wesley_Hilliard said:ApplePoor said:Hopefully this is not just a distraction from or an addition to the disinformation at the iPhone 16 presentation in 2024. Also could be the only "big" new thing next month as we see the usual claims of all new device using last years enclosure, etc. But there will be "new" colors..... -
Apple Cinemas may come to regret their name as lawyers step in
Normally I'd say "slam dunk" for Apple, but I'm not so sure that will be the case here. Sounds to me, at least from the above description, that Apple chose NOT to defend its trademark for the past dozen years that Apple Cinemas has been operating theaters under that name. From what I understand of trademark law, you don't get to selectively defend your trademark sometimes and not defend it others. If you're aware it's being infringed upon and don't vigorously defend it, it seriously weakens your case in the eyes of the court when you do try to defend it at a later date. I mean, geez, Apple was making the Apple Cinema Display up through mid-2011, so you'd think the founding of a company called Apple Cinema in 2010 might have been a cause for concern before now. -
Fears over tariff price rises prompted panic buying of iPhones
Mike Wuerthele said:studiomusic said:1 point out of 10 points of growth doesn't seem to be "panic buying" of iPhones. That seems "tiny".
"...Cook did comment on the question of whether panic buying had set in among consumers, prior to the tariff announcement. "We don't believe that there was a significant pull forward due to tariffs into the March quarter," he said. "There's no obvious evidence of it."
And then there's the headline for this report on current earnings: "Fears Over Tariff Price Rises Prompted Panic Buying of iPhones" Really? You make it sound like trying to buy toilet paper in the midst of the Covid lockdown. Here are Tim's actual words about this: ""On the buying ahead relative to worrying about prices and so forth on tariffs, we did see some evidence of that in the early part of the quarter," Cook told CNBC. "We would estimate it to be about one point of the 10 points of company growth." Sorry, but can you point me to where he says there was "panic buying?" And that one point out of ten in revenue growth that he pegs to consumers buying ahead reflects all of Apple's revenue categories, not just iPhones. And to give this some further context: Apple's 10% YOY revenue growth amounted to $8.2 billion in actual dollars. That means 1 point of that 10 point increase would be $820 million. So out of $90 billion in total revenue for the quarter, $820 million can be attributed to consumers buying products ahead to avoid tariffs. That's less than 1% of total revenue. If there's any "panic buying" in that number, I'm sure not seeing it. Also, on the earnings call, Apple attributed one-sixth of the 13% increase in iPhone sales to tariff-related buying ahead. In other words, the tariff buying bumped iPhone sales by 2.1%. That's not nothing, but again, where's the panic in that number?
Consumers trying to get ahead of an anticipated price increase in a product by buying now happens all the time. There's no panic in it. It's just about trying to buy smart. But nobody wandered into an Apple Store since April 1 and found empty shelves where there used to be iPhones. This just feels like sensationalism for the sake of it, and then trying to baselessly pin it back on Tim Cook.