What does he know about Apple and the stock market that we don't?
Also interesting to see that Warren Buffett and Berkshire Hathaway now own 4% of all T-Bills issued to the public… Buffett has ~$277 Billion. The Fed has $195 Billion. Warren Buffett is now a larger holder of US Treasury Bills than the Federal Reserve. Source: FT, Geiger Capital
Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations, with overall revenue rising 5%. iPhone, iPad and Services revenue all beat analyst expectations.
Apple's most important business remains the iPhone, which accounted for about 46% of the company's total sales during the quarter. Apple expects similar overall revenue growth in the current quarter, company finance chief Luca Maestri said on a call with analysts. Apple also expects Services to grow at about the same rate as the previous three quarters, which was about 14%. The company sees operating expenditures between $14.2 billion and $14.4 billion in the current quarter, Maestri added, with gross margin of between 45.5% and 46.5%. Apple shares were flat in extended trading. Here's how $AAPL Apple did in Q3 FY24 (June quarter): 💳 Services +14% Y/Y to $24.2B. 📱 Products +2% Y/Y to $61.6B. • Revenue +5% Y/Y to $85.8B ($1.4B beat). • Operating margin 30% (+1pp Y/Y). • EPS $1.40 ($0.06 beat). Source: App Economy Insights, CNBC
Apple Maps has just been updated for Paris2024 Summer Olympics.
New update includes stunning 3D models of Olympic venues, including temporary ones. Source: Nikias Molina
Apple's P/E Ratio: 35x
10-year average: 22x Apple's EV/EBITDA Ratio: 27x 10-year average: 15x Apple's Price to Sales Ratio: 9.3x 10-year average: 5.0x $AAPL Source: Charlie Bilello
Apple $AAPL just closed trading today with a $3.506 TRILLION market cap
This is the first time any stock has ever closed a day worth more than $3.5 Trillion Source: Evan
BREAKING 🚨 $AAPL is the most valuable company in the world once again Stock is up…
▪ 7.4% in a week ▪ 16.5% in a month ▪ 34.7% in 3 months Source: Stocktwits
If you ever get upset for selling too early just know it could have been worse.
Meet Ronald Wayne Apple's 3rd co-founder who sold his entire 10% stake in the company for $800 back in 1976. 10% of Apple $AAPL is currently worth ~$328 Billion... Source: Evan
JUST IN: *META, APPLE REPORTEDLY DISCUSSED AI COOPERATION - WSJ
The Wall Street Journal is reporting that Apple and Meta have discussed a partnership that would see Meta AI models integrated into iOS 18 for Apple Intelligence. This integration would likely be similar to the deal Apple has struck with ChatGPT, which is currently the only third-party partner for Apple Intelligence.
