innerscorecard

I’ve previously said that if Apple made a big dumb acquisition like Tesla, I would sell. This isn’t an acquisition, and isn’t as big. But it makes me consider the situation: Reasons to hold: Large user base that has no reason or inclination to switch platforms from iOS/OS X; Cheap by TTM earnings; History of corporate decisions still generally good in retrospect, even in the post-SJ era. Reasons to sell: Revenues are declining. Gross margin is declining. The steady state of Apple’s earnings is unpredictable. The average age of a car on the road in the US is 10-11 years (IIRC), and cars both do get a lot better every year AND have HUGE wear and tear. What’s to say that the replacement cycle for phones couldn’t go to 5 years? This investment could be the start of less discipline in spending. Increased R&D expenses could mean Apple has already lost discipline and focus.

Do you think Apple will be able to increase prices with inflation? Look at MacBook prices today compared to 10 years ago.

Do you think it's a problem IF it's the case that ASP capitulation is not accompanied by GM capitulation?

I liked Fund Manager by Beiley Software ok. But in the end I decided to just use Excel, since I only look at performance once a year on purpose.

He repeated it on several Twitter posts. And at another rally, I believe.

A man who has repeatedly had Apple in his sights is now one step closer to the US presidency.

I don't think these are eternal truths. Many still do buy at local resellers or at carrier stores, but Apple will soon have 40 Apple Stores in mainland China, and people can buy directly from Apple on Tmall and JD.com. I expect the proportion of sales from the latter venues to increase over time as less smartphones buyers are on their first smartphone.

Is IS true that there service availability is extremely confusing, and that was a feature of the more recent OSes. Giving 5 GB of cloud storage is almost worse than giving none - it's so confusing to the average user.

I don't see why it isn't the same price as a 6. I'd say I prefer the 6 Mini concept to the 5SE concept. If people want a smaller phone first and foremost, they wouldn't mind paying up for one. Of course, that way you add some complexity instead of reduce it by replacing the low tier. So I see why it makes some sense. I do wonder about the margin hit - whether it's even necessary.

- The culture rots. - There is a global economic recession serious enough that the aspirational job to be done of premium hardware takes a backseat to needs lower on Maslow's hierarchy. - There is a new business model that obsoletes Apple's model of premium hardware.

It's not a bad offer at all. Few magazines are as reliable of a contrarian indicator.

"his personal holding company, Biglari Holdings"

It's interesting that AAPL seems to trade as a one-way inverse China derivative these days, given that you could plausibly argue Apple ex-China (so retaining the Hong Kong and Taiwan segment of their China reporting segment) is already worth more than the current trading price.

There are some decent points there, but the macro sentiment context is pretty different. China was untapped then, whereas it's now perceived as on the verge of total collapse.

I think Apple's iPad software is quite bad and has always been quite bad. It's no surprise that sales have declined.