Six years ago, President Trump bragged that he sold his Apple stock. If he had held onto it, his money would have more than quadrupled.
- One telling sign of Apple's impressive growth over the past few years is a tweet from Donald Trump, back in the days before his presidency.
- Exactly six years ago, Trump took a bearish view of Apple's stock, and said he'd sold his shares in the company.
- Assuming that Tuesday's post-earnings bump in Apple shares holds through the open of the markets on Wednesday, Apple stock price will have increased by 356% since the day of Trump's 2014 tweet, when Apple shares closed at $70.77 (adjusted for dividends and splits).
- "I'll bet if I didn't harass Apple for the last 2 years about the large screen iPhone, they wouldn't have done it—but it bends & breaks!" he tweeted.
- Just this October, President Trump tweeted a complaint against the iPhone's Swipe feature just this October.
- "To Tim: The Button on the IPhone was FAR better than the Swipe!" the tweet said.
Apple reports a blowout Q1 2020, but names coronavirus as a worry for the next quarter
- Further ReadingApple earnings Q4 2019: Tim Cook says health will be what Apple is remembered forThe product category that includes the Watch, AirPods, and Beats earned $10 billion this quarter.
- Also, CEO Tim Cook said on the investor call that more than 75 percent of people who bought Apple Watch devices during the quarter were new to the product.
- Investors see this quarter as something of a comeback, as just a year ago Apple failed to set a new earnings record for the first time since the iPhone was first introduced.
- Further ReadingApple acquires Intel’s 5G smartphone modem business for $1 billionWhen the call opened to questions from investors, some inquired about Apple's 5G plans, citing analyst projections about how the new technology could drive new smartphone sales while also expressing concern that said tech could increase the price point of the iPhone.
After Stellar Quarter, Apple Boldly Predicts Growth Amid Coronavirus Outbreak
- Apple beat expectations on fiscal first quarter earnings, but the spread of coronavirus could put a damper on second-quarter results.
- It’s no secret that Apple is hugely dependent on China – especially for its iPhone supply chain.
- According to the South China Morning Post, Apple is scaling up to begin mass production of the new, low-cost iPhone SE 2 in February and experts believe supply disruption is a major concern due to the coronavirus epidemic.
- If the China outbreak becomes more widespread, it could negatively impact the supply chain which would be a major investor worry.
- On top of the supply chain concerns, the Wuhan coronavirus may affect demand for Apple products in China.
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Apple Is an Internet Company
- Beyond that, with its iOS App Store, licensing, AppleCare, Apple Music, and iCloud, Apple has more stable and diversified revenue streams than most other major internet platforms.
- The next act for Apple is to provide value to its user base via software and services via the iOS ecosystem, which in turn will drive “higher revenue per active Apple user”.
- Ideally Apple should report on the metrics of Annual App Store Revenue per Active User and Annual Payout per Active Developer to solidify the value of what it has built.
- Though the cross-platform app has ways to go (the frequency of updates is reportedly much slower than on iOS, for example), it shows that the addressable market for Apple’s subscription offerings can extend beyond iOS users.
NAB cuts iPhones from banker perks
- Expensive mobile devices have become the latest casualty of NAB’s cost cutting drive after bank employees were told it won’t purchase Apple iPhones on their behalf any longer.
- Staff at the Melbourne-based bank have had to get used to the constant rounds of cost cutting in recent years as interest rates drifted lower and competition among the big four and their nimble competitors grew fiercer.
- Former CEO Andrew Thorburn announced the cost cutting program would be accelerated at the bank’s results in November that year, laying out plans to axe 6000 workers while adding another 2000 in areas such as technology and automation in a bid to ensure the bank was well positioned for the future.
- At the bank’s full year results in November the bank said it had junked or reduced 185 fees, decommissioned 192 legacy applications and was on track to cut 4000 jobs since 2017.
Apple CEO Tim Cook says 5G is still in its 'early innings' even though rivals like Samsung are already selling 5G phones
- Rivals like Samsung, Huawei, and Motorola are already selling 5G-enabled smartphones, but Apple CEO Tim Cook believes the next-generation wireless network is still in its early days — and sidestepped any questions about a potential 5G iPhone.
- Cook's comments during the company's fiscal first-quarter earnings call comes as Apple has been widely rumored to be developing 5G iPhones for a September launch, as reports from Bloomberg and TF International Securities analyst Ming-Chi Kuo have indicated.
- However, Cook declined to comment on the company's plans for 5G, except to insinuate that the slow pace in the United States of the rollout of the technology may be a cause for concern at Apple.
- Apple posted record-breaking results on Tuesday during its fiscal first quarter earnings report, as holiday sales of the iPhone and Apple's wearables resulted in a 9% increase in revenue.
Union-busting bill 2.0 hinges on Jacqui Lambie
- A second attempt by the government to have the Senate pass its union-busting Ensuring Integrity Bill could boil down to crossbencher Jacqui Lambie after One Nation ruled out reversing its opposition.
- Despite the government changing the bill to accommodate the concerns of Senator Lambie and One Nation, a spokesman for Pauline Hanson said the party still had no intention of supporting it.
- The government already has the support of the Centre Alliance meaning it needs either Senator Lambie or One Nation.
- Amendments pushed by the Centre Alliance as well as One Nation and Senator Lambie sought variously to limit the application of the bill's powers to union militancy.
- A second attempt to have the Senate pass the Ensuring Integrity Bill could boil down to Jacqui Lambie after One Nation ruled out reversing its opposition.
Apple to start online sales in India in Q3 this year
- Apple’s much-awaited online store in India will be operational starting Q3 this year, a little longer than previously expected, a source familiar with the matter told TechCrunch.
- The company’s first official physical store in India, to be situated in Mumbai, will take an additional few months of time for setting up and might not be ready by this year, the source said.
- India, the world’s second largest smartphone market, eased sourcing norms for single-brand retailers last year, paving the way for companies like Apple to open online stores before they set up presence in the brick-and-mortar market.
- Apple executives have long expressed disappointment at Amazon India, Flipkart and Paytm Mall for offering heavy discounts on the iPhone and MacBook Air to boost their respective GMV metrics, people familiar with the matter have told TechCrunch.
Apple is limiting China travel and has closed one retail store due to coronavirus outbreak
- Apple CEO Tim Cook said on Tuesday that the company began limiting employee travel to China last week amid the coronavirus outbreak, and that Apple has closed one store in mainland China and reduced operating hours for other retail locations.
- The announcement is yet more evidence that the virus is affecting the tech industry’s presence in one of its most vital markets, both for sales and manufacturing operations.
- Foxconn, one of Apple’s lead supplier, said on Tuesday it did not expect the coronavirus to affect its manufacturing timelines.
- Cook made the announcement on a call with investors after Apple’s quarterly earnings release, saying, “We have closed one of our retail stores and a number of channel partners have also closed their storefronts.” Apple says sales in the area around the city of Wuhan, where the coronavirus outbreak is said to have originated, are low.
Tim Cook says Apple has shut one store in China and is restricting employee travel because of coronavirus
- Apple CEO Tim Cook said Tuesday the coronavirus outbreak in China is impacting Apple's operations in the country.
- The company has restricted employee travel and shut one store in China due to the coronavirus outbreak, Cook said, adding that the company is cutting back on retail store hours in China.
- Apple has "some suppliers" in the Wuhan area, Cook told investors on Apple's quarterly conference call Tuesday, and added that at least some of its manufacturing facilities elsewhere in China will remain closed until Feb. 10, as recommended by the Chinese government.
- While its two primary manufacturing sites are far from Wuhan, the epicenter of the outbreak, Bloomberg reported this week that the emerging public health threat could disrupt the company's operations.
- Chinese health authorities said Tuesday that the coronavirus outbreak has killed 106 people and infected 4,515.
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