Kierkegaarden

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Kierkegaarden
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  • 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

  • Another Find My misfire led to a raid on a suburban family's home

    KierkegaardenKierkegaarden
    A law enforcement misfire — NOT a Find My misfire.  Do you even understand the words you supposedly wrote in the article?  It sounds like Find My operated as it was supposed to, but law enforcement didn’t.

    The core of this — a SWAT team dispatched for AirPods?  Good grief.  Is that the threshold for lethal force?  But I shouldn’t pass judgement just yet — maybe they had reason to believe the perps were holding the AirPods at gunpoint.  Frightening thought.
    killroyhecalderwilliamlondonwatto_cobra

  • Consumers pile on Apple with App Store monopoly class action suits

    KierkegaardenKierkegaarden
    It is alleged in the suits that Apple suppressed technologies for messaging apps, wallets, and similar functions and features. If it had made them more open, Apple could've increased competition in the smartphone market.

    What technologies were suppressed, and in what way would there be more competition in the smartphone market if Apple had “made them more open”?  Did Microsoft bail on the smartphone market because of any of this?

    Consumers were not harmed in any way.  Software has only gotten less expensive since Apple created the App Store.  Nothing will come of these garbage class action lawsuits from these scumbag lawyers.
    hecalderForumPostBart Ytmayjahbladewatto_cobrajony0

  • EU launches mass DMA violation probes against Apple, Google, and Meta

    KierkegaardenKierkegaarden
    Hopefully this fall we can elect a president in the US that gives a damn about these bullying tactics against US tech companies.  There doesn’t seem to be any acknowledgement of the work that went into completely changing iOS in the EU — it’s just more investigations, ongoing.

    I can’t imagine that Apple legal didn’t structure everything according to the letter of the law — the companies complaining are just doing what they do best, not understanding the legality of what Apple implemented.  And the EU continues to not understand any of the technology from any of these companies.  They don’t appreciate it because tech innovation doesn’t come out of the EU.  They just don’t get it.
    hecalderwatto_cobra

  • iPhone 15 Pro Max review six months later: Still an exciting upgrade

    KierkegaardenKierkegaarden
    Pretty smart looking spiral notebook in the photo — what is that?
    watto_cobra