dedgecko

knowitall said:

Apple seems to act like a national bank, buying its currency to keep devaluation low.
I think this situation shows that it is not wise to be dependent on one area and country for your products.
A company like Tesla is doing it the modern way, positioning its production in several distinct areas in the words (the U.S.A. being one of them) to combat all sorts of problems concerning one area.
I would adapt Apples policy regarding this immediately and start building factories on US soil immediately, using the 100 billion or so for this years share buybacks that are effectively the same as burning the money.
Apple should think big again, maybe look at Tesla what that means.

Apple has been doing this longer and better than $TSLA. This strategy is long-term, decades out. 

DED, you sure do bring out the crazies.

sirozha said:

Apparently, DED holds a large position in AAPL. How does he know that Apple is buying shares for cheap right now? The supply chains are completely disrupted or decimated. It’s very possible that to restore the manufacturing capabilities, Apple will need to move manufacturing out of China. Foxconn can’t do it on their own. Apple will have to pay for a large portion of moving manufacturing out of China. Apple’s sales this year will be low compared to previous years due the problems with supply chains and lower demand. Additionally, it appears that the super cycle based on 5G is not going to happen in 2020 because of the Coronavirus delaying iPhone 12 but also because the deployment of 5G largely stalled all over the world. 

In these kind of conditions, it would be completely stupid of Tim Cook to throw cash reserves at stock buy backs. The whole reason behind Steve Jobs’ building the stash of cash was to enable Apple to survive a calamity that would destroy other businesses. Coronavirus has a very good chantce of becoming this calamity. Apple will need cash to keep paying their employees and not laying them off. Apple will need cash to set up new supply chains and assembly facilities outside of China, run their data centers, pay rent on their stores worldwide, donate to the Trump campaign to prevent a socialist from winning the next Presidential election and splitting up Apple, etc. 

Blowing cash on buybacks to keep AAPL afloat so that DED’s portfolio would look not as bad should be the least of Tim Cook’s concerns now, and  I’m 99% positive that this is not what Apple is doing during this market correction. 

You clearly have no idea what is going on and how $AAPL functions / fluctuates with market sentiment. Go lurk on PED’s Apple 3.0, or read posts from the last decade to get up to speed a little quicker.

Additionally, there will be no 5G supercycle, because supercycles are fictional events only discovered after they occurred.  There will be no 5G iphone this year. Why!?  Because there’s no acceptable 5G networks that the 250 million iPhones that will be purchased this year can use... okay, you’re right, they won’t sell 250 million top of the line iPhones. The networks wouldn’t be able to support the 100 million top of the line iPhones Apple will sell between 2020 and 2021. 

Thanks for the post DED (@corrections)!  Spot on per the usual!  Sacto Joe usually claims a blackout period any time Apple talks or its close to their quarterly report out. He and a gang of folks (again from Apple3.0) that went to the Annual Investors Meeting tried to ask a question related to buy-back timing, but unfortunately weren’t able to ask it. They simply weren’t picked for a question. 

ravnorodom said:

If Apple actually builds a car with these and other features from their inventions, I can’t imagine how very expensive these cars will be. Probably more so than any current luxury cars. What? You want to add an ashtray to your car? That would be $1000 for an Apple brand titanium ashtray. 

Likely not. If it actually comes to market, it will be half the price that commentators insist it will be. Why?  See iPad.

Apple’s supply chain management of the commodities it consumes is unmatched by any of its competitors. Why?  Scale. It’s why Apple is in the position they are in, and why it’s highly unlikely that’ll change until long after Cook and Williams are dead in their graves and some one decades from now is able to finally screw it up and prove to everyone that Apple really was... DOOMED!
/s

lkrupp said:

Sad that there are no new iMacs rumored for March.

They could get a spec bump

Back to the “Whatever sticks!” Product Development strategy!

Oh wait...