Kierkegaarden

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Kierkegaarden
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  • UK denies Apple's bid to dismiss App Store lawsuit

    KierkegaardenKierkegaarden
    What a waste of time.  It is easy to see that 30% has been the established rate used by the industry, not to mention the fact that this is much lower than what developers used to pay before the App Store.  And as Apple pointed out, most app developers don’t pay anything, and a large amount pay just 15%.  

    If you want your app to exist on the iOS platform that Apple created, it is only fair that you pay for that privilege and use of the tools and resources that Apple provides.  The UK government taxes its citizens for the right to live in their country and enjoy the tools and resources it provides.  The top income rate in the UK is 45% — how is this not “excessive”?
    tmayAlex1Nwatto_cobradavidlewis54

  • JP Morgan drops Apple target price over questions on when AI iPhone will launch

    KierkegaardenKierkegaarden
    ssfe11 said:
    The problem with everything market related is the lack of patience. As Buffett often said “no one wants get rich slowly”. Lack of patience causes irrational wild stock price fluctuations. Lack of patience causes crazy headlines. “Apple is falling behind in AI!” What the heck does that even mean? How does Wall Street even know lol?. It’s like they are saying last weekend was AI and Apple missed it! AI like internet will take decades to mature. Calm down Wall Street/financial media just relax and have some patience….please. 
    Agreed.  And most people don’t want to learn fundamentals, because that takes patience.
    cornchipwilliamlondonzeus423

  • Jony Ive is now looking for funding to jump on the AI development train

    KierkegaardenKierkegaarden
    thrang said:
    I thought Love, From was essential a design firm, which is how Ives deservedly earned his reknown. But not the HW/SW technical underbelly. So Altman and Ive seek a billion dollars for ... an idea? I would think big money would be considered only after a lot more sweat and tears development have been shed, and prototypes have been produced. If it’s true, that's a lot of money to ask without any mention of the technical and manufacturing prowess underpinning the idear. Sounds like he misses Apple!
    I’m sure he does miss them.  No relationship is ever completely rosy all the time — sometimes a short separation is all that is needed.  Just focusing on design without being part of the rest of the process has got to be somewhat unfulfilling.  
    watto_cobra

  • Jony Ive is now looking for funding to jump on the AI development train

    KierkegaardenKierkegaarden
    I’m not sure what this could possibly be.  I also don’t see anyone wanting to carry around a separate device from their phone, unless such a device to meant to replace the phone.

    Bigger question — are consumers as excited about AI as much as the companies promoting it?
    watto_cobra

  • Loop Capital cuts AAPL price target to $170 over weak iPhone demand

    KierkegaardenKierkegaarden
    Bart Y said:
    Title says price target cut to $170, but the article says cut from $185 to $175.  

    Which price target is correct?

    In my opinion, if Loop is specifically discussing ALL iPhone production, 199M is too low or does not include iPhones already in existing wholesale and retail inventory.  US (Americas), European (including MEA and India), Japan, and Rest of Asia sales were up as was revenues in FY24Q1.  That did make up for a shortfall of iPhone sales and over all less revenues in China.  These areas are NOT suffering economic downturn woes as China is but ARE having a bumpy but roughly trending upwards bumpy post pandemic recovery.  As their economies improve, so will Apple’s hardware and services improve.

    IMO, overall iPhone sales will remain in the 228-235M range, possibly more if a new iPhone SE 4 with full screen display is introduced.  The iPhone 16 with spatial photography & videography, AI enhancements, and updated A18 chips will continue to sell well.  iPhone 11 are now 4.5-5 years old this year, XS/XR are now 5+, and the X is 6+ as is the 8/8+ and older home button models except the SE 2022, so there’s still a huge reservoir of upgradeable iPhones just based on age.  Most will have had or need battery replacement at least once if not twice for peak performance.

    FY2023 iPhone revenues were down $5B from 2022 at $200.6B vs $205.5B but still up substantially from FY2021’s $192B.  I expect iPhone revenues to be flat to slightly higher by 2-3% on recovering sales revenues in all but China.




    I was just about to mention the same thing — title should be simply “Loop Capital cuts Apple price target from $185 to $170” (the $170 appears to be correct according to other articles).

    Interesting how Mac/iPad revenue is not mentioned at all, or anything else for that matter — just iPhone.  Not sure when next SE will be released, but this could really boost revenue.  I’m guessing this won’t come out until after iOS 18 is released, and it is possible they change routine and release the SE along with other models in the fall.  They do this with the Watch, so it shouldn’t be unusual to do this with iPhone.
    Bart Y