Apple: What you gon' do with all that junk inside your trunk?
#401
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What about in 2012/2013 when it dropped down to ~450/share after reaching 700?
#403
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Mute unless you want to hear buzzing. Steve Jobs probably would have had that drone shot down.
Last edited by doopstr; 08-31-2014 at 10:22 AM.
#404
Go Giants
With a giant fly swatter....
#405
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#407
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That was a buying opportunity from people thinking that Tim Cook was going to drop the ball. When people decide that their current iPhone/iPad is good enough, then you worry. iPad may be running into that, but we will see how the next gen does.
Last edited by doopstr; 09-01-2014 at 06:23 PM.
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Of course It was a buying opportunity when it was at 450/share. But it was a reason to sell
#409
$99.07 - Down $4.24 (4.10%)
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Back up to 99.84.
Probably because new samesung phones announced
Probably because new samesung phones announced
#411
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I suspect if theres no difference between the 4.7" iphone and 5.5" one it will tank further. The note will dominate that market, I suspect at least.
As a google fan, but an investor at apple, I hope they blow our minds!
As a google fan, but an investor at apple, I hope they blow our minds!
#412
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Apple is getting 0.15% of purchases made with Pay
Apple's ambitious new mobile payment initiative, Apple Pay, was announced on Tuesday during the company's iPhone event. Many questions still linger about the service, but information is beginning to trickle out from various sources as retailers, banks, and credit card companies prepare for the service's October launch.
According to a new report from The Financial Times, Apple stands to make quite a bit of money from its payments service. Banks and payment networks will be forking over 0.15 percent of each purchase to Apple, which equates to 15 cents out of a $100 purchase.
They are also paying hard cash for the privilege of being involved: 15 cents of a $100 purchase will go to the iPhone maker, according to two people familiar with the terms of the agreement, which are not public. That is an unprecedented deal, giving Apple a share of the payments' economics that rivals such as Google do not get for their services
According to bank executives, Apple was able to negotiate with so many partners and receive choice deals because the industry didn't see anything threatening in Apple Pay. One executive suggested that Apple's payment model continued to put banks "at the centre of payments." Apple may also have been able to negotiate better deals due to the tight security it has in place for Apple Pay. Payments will be made via NFC with a one-time token, and also secured with a Touch ID fingerprint.
Additional details about Apple Pay's security have been unveiled by MasterCard executive Jorn Lambert, who spoke to Bank Innovation, explaining how each transaction will be secured.
Along with the cryptogram generated between a standard debit or credit card and a point of sale terminal, Apple Pay takes advantage of a token system that encrypts every step of the payment process. Tokenization is already built into the standard NFC specification, so what Apple is really doing is utilizing existing technology and further securing it with its own Touch ID fingerprint authorization system.
Every card added to Apple Pay (and located in Passbook) is assigned a token, which Apple calls a Dynamic Account Number. Each Dynamic Account Number is stored in the secure element of the iPhone and accompanied by a unique cryptogram for each transaction.
[Touch ID] authentication prompts the "secure element" to send the token and cryptogram to the merchant. The network decrypts the cryptogram and determines whether it is authentic or not. If it is deemed authentic, the network will pass it along to the issuer (i.e. the bank), which then decrypts the token. In other words, every party to the transaction decrypts something.
Once the issuer decrypts the token and determines that it is authentic, the issuer/bank authorizes the transaction. Money is then credited to the merchant and marked as an amount owed by the cardholder.
The token system essentially provides an extra layer of security to payments made through NFC, which, as mentioned earlier, allows merchants to pay a lower "card present" rate for NFC purchases. Merchants still pay the higher "card-not-present" rate when payments are made over Bluetooth LE rather than NFC, however, or when a purchase is made in-app using Apple Pay.
According to Lambert, Apple is not handling tokenization, instead leaving it up to credit card companies like Visa, MasterCard, and American Express. He describes Apple's role as a "channel and not a party," and Apple itself has confirmed that it won't store any information about transactions conducted by customers.
Apple has plans to roll out Apple Pay beginning in October, and promises the program will work with more than 220,000 U.S. retailers including Walgreens, Macy's, Nike, Bloomingdales, and more. Some stores like Walmart and Best Buy claim to have "opted out" of Apple Pay, but users should be able to make payments via the service at any location that has an NFC-capable point of sale system.
Many retailers are currently in the process of updating their point-of-sale hardware, as an upcoming change will see merchants that do not support EMV credit cards being liable for fraudulent, lost, and stolen cards. EMV credit cards, also known as "chip cards," include integrated circuits to authenticate debit and credit card purchases. The updated point of sale systems with EMV card support being adopted by retailers also generally include NFC, which means Apple Pay may work even at stores that have not specifically chosen to support the service.
According to a new report from The Financial Times, Apple stands to make quite a bit of money from its payments service. Banks and payment networks will be forking over 0.15 percent of each purchase to Apple, which equates to 15 cents out of a $100 purchase.
They are also paying hard cash for the privilege of being involved: 15 cents of a $100 purchase will go to the iPhone maker, according to two people familiar with the terms of the agreement, which are not public. That is an unprecedented deal, giving Apple a share of the payments' economics that rivals such as Google do not get for their services
According to bank executives, Apple was able to negotiate with so many partners and receive choice deals because the industry didn't see anything threatening in Apple Pay. One executive suggested that Apple's payment model continued to put banks "at the centre of payments." Apple may also have been able to negotiate better deals due to the tight security it has in place for Apple Pay. Payments will be made via NFC with a one-time token, and also secured with a Touch ID fingerprint.
Additional details about Apple Pay's security have been unveiled by MasterCard executive Jorn Lambert, who spoke to Bank Innovation, explaining how each transaction will be secured.
Along with the cryptogram generated between a standard debit or credit card and a point of sale terminal, Apple Pay takes advantage of a token system that encrypts every step of the payment process. Tokenization is already built into the standard NFC specification, so what Apple is really doing is utilizing existing technology and further securing it with its own Touch ID fingerprint authorization system.
Every card added to Apple Pay (and located in Passbook) is assigned a token, which Apple calls a Dynamic Account Number. Each Dynamic Account Number is stored in the secure element of the iPhone and accompanied by a unique cryptogram for each transaction.
[Touch ID] authentication prompts the "secure element" to send the token and cryptogram to the merchant. The network decrypts the cryptogram and determines whether it is authentic or not. If it is deemed authentic, the network will pass it along to the issuer (i.e. the bank), which then decrypts the token. In other words, every party to the transaction decrypts something.
Once the issuer decrypts the token and determines that it is authentic, the issuer/bank authorizes the transaction. Money is then credited to the merchant and marked as an amount owed by the cardholder.
The token system essentially provides an extra layer of security to payments made through NFC, which, as mentioned earlier, allows merchants to pay a lower "card present" rate for NFC purchases. Merchants still pay the higher "card-not-present" rate when payments are made over Bluetooth LE rather than NFC, however, or when a purchase is made in-app using Apple Pay.
According to Lambert, Apple is not handling tokenization, instead leaving it up to credit card companies like Visa, MasterCard, and American Express. He describes Apple's role as a "channel and not a party," and Apple itself has confirmed that it won't store any information about transactions conducted by customers.
Apple has plans to roll out Apple Pay beginning in October, and promises the program will work with more than 220,000 U.S. retailers including Walgreens, Macy's, Nike, Bloomingdales, and more. Some stores like Walmart and Best Buy claim to have "opted out" of Apple Pay, but users should be able to make payments via the service at any location that has an NFC-capable point of sale system.
Many retailers are currently in the process of updating their point-of-sale hardware, as an upcoming change will see merchants that do not support EMV credit cards being liable for fraudulent, lost, and stolen cards. EMV credit cards, also known as "chip cards," include integrated circuits to authenticate debit and credit card purchases. The updated point of sale systems with EMV card support being adopted by retailers also generally include NFC, which means Apple Pay may work even at stores that have not specifically chosen to support the service.
Ohh man this could be huge for AAPL
Last edited by Mizouse; 09-12-2014 at 04:34 PM.
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Well to be fair a lot of stocks are Down today. Except gpro...
#416
Nice numbers. Stock barely moving.
- Profit up 13%.
- Earned $1.42 per share ($8.47 billion... up from $7.51 billion a year ago) on revenue of $42.12 billion (up 12% from $37.47 billion a year ago) vs estimates of $1.31 per share and revenue of $39.88 billion.
- margins at 38%, up from 37% a year ago
- sold 39.27 million iPhones, up from 33.79 million a year ago
- sold 12.3 million iPads, down from 13.1 million a year ago
Q1 revenue forecast of $63.5 billion to $66.5 billion vs expectations of $63.52 billion. Expects margins to be between 37.5% to 38.5%.
- Profit up 13%.
- Earned $1.42 per share ($8.47 billion... up from $7.51 billion a year ago) on revenue of $42.12 billion (up 12% from $37.47 billion a year ago) vs estimates of $1.31 per share and revenue of $39.88 billion.
- margins at 38%, up from 37% a year ago
- sold 39.27 million iPhones, up from 33.79 million a year ago
- sold 12.3 million iPads, down from 13.1 million a year ago
Q1 revenue forecast of $63.5 billion to $66.5 billion vs expectations of $63.52 billion. Expects margins to be between 37.5% to 38.5%.
Last edited by AZuser; 10-20-2014 at 03:47 PM.
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#418
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At least it's not tanking...
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#422
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Apple said that they won't announce sales figures for the watch. I guess they aren't expecting it to do that well.
I have high hopes for Apple Pay. Everyone wants to be the nerd that pulls out their phone to pay at McD.
I have high hopes for Apple Pay. Everyone wants to be the nerd that pulls out their phone to pay at McD.
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If I get to work on time, I'm trying it this morning for some coffee
#424
The same goes for Apple Pay. They're going to combine those numbers into their "services" category along with iTunes and software.
On the one hand, it's a good move since analysts won't be able to affect the stock price as much by saying Apple Watch sales and Apple Pay usage didn't meet their often lofty targets, and Cook can avoid answering questions about disappointing #s during conference calls and redirect the conversation to how awesome iPhone sales are.
On the other hand, it can hide how poorly the Apple Watch is selling and thus Apple's ability to be a real innovator and new category creator, and hide Apple Pay's take rate. I think both will be low at first. Given enough time and success, Apple will break out those numbers for investors.
#425
New 52 wk and all time high.
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#427
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#428
I kinda want to hold onto everything until Jan earnings. Apple will probably kill the #s with the holiday sales. I'm seeing $120-$125 by Jan earnings.
Plus, I don't want to miss out on dividend
Apple’s board of directors has declared a cash dividend of $.47 per share of the Company’s common stock. The dividend is payable on November 13, 2014, to shareholders of record as of the close of business on November 10, 2014.
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That's in addition to the current 1.73%?
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Yea I'm thinking of holding too until after holidays
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#431
It's the quarterly dividend, so it's a part of the 1.73%
Going to get to keep my shares since my weekly $112 covered calls are going to expire in my favor. Decided to sell 2 Dec 20 $120 covered calls at $0.28. If it stays under $120 on Dec 20, I get to keep my shares and pocket $56.
Going to get to keep my shares since my weekly $112 covered calls are going to expire in my favor. Decided to sell 2 Dec 20 $120 covered calls at $0.28. If it stays under $120 on Dec 20, I get to keep my shares and pocket $56.
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Ohh thatd what you meant
#433
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#435
$119.46 Up $0.83 (0.70%)
That's $836.22 pre-stock split $121.43 would be $850 pre-stock split.
Nice run up, but probably going to have to buy back my calls
Apple?s market cap just hit $700 billion for the first time - Fortune
That's $836.22 pre-stock split $121.43 would be $850 pre-stock split.
Nice run up, but probably going to have to buy back my calls
Apple?s market cap just hit $700 billion for the first time - Fortune
Apple’s market cap just hit $700 billion for the first time
The number has doubled since Tim Cook took over as CEO from Steve Jobs three years ago.
Apple hit a major symbolic milestone Tuesday morning as its market capitalization topped $700 billion for the first time.
The tech giant’s market cap has doubled since Tim Cook took over as CEO three years ago when Steve Jobs stepped down from the role. The company’s stock has hit several new record highs lately on the heels of September’s wildly successful launch of the iPhone 6 and iPhone 6 Plus. Apple shares have jumped by 21% since the company unveiled the new smartphones at a product event that also heralded the arrival of the much-hyped Apple Watch and the new Apple Pay mobile payments system.
At this point, Apple’s market cap is higher than the gross domestic product of all but 19 of the world’s countries, coming just behind Saudi Arabia (GDP of $745 billion) and ahead of Switzerland ($650 billion), according to data compiled by the World Bank.
The number has doubled since Tim Cook took over as CEO from Steve Jobs three years ago.
Apple hit a major symbolic milestone Tuesday morning as its market capitalization topped $700 billion for the first time.
The tech giant’s market cap has doubled since Tim Cook took over as CEO three years ago when Steve Jobs stepped down from the role. The company’s stock has hit several new record highs lately on the heels of September’s wildly successful launch of the iPhone 6 and iPhone 6 Plus. Apple shares have jumped by 21% since the company unveiled the new smartphones at a product event that also heralded the arrival of the much-hyped Apple Watch and the new Apple Pay mobile payments system.
At this point, Apple’s market cap is higher than the gross domestic product of all but 19 of the world’s countries, coming just behind Saudi Arabia (GDP of $745 billion) and ahead of Switzerland ($650 billion), according to data compiled by the World Bank.
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#437
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Everyone expecting iPad sales to disappoint plus Apple can't make enough iPhone 6.
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