JUST IN: APPLE NOW PLANS CAR FOR 2028 WITH LESS AMBITIOUS AUTONOMY GOALS
Apple $AAPL reportedly now plans to launch its Apple Car in 2028 at the earliest back from 2026 and will now use a Level 2+ autonomous system down from its previously planned Level 4 - Bloomberg. source: Evan @ StockMKTNewz
Given apple $APPL woes, nvidia $NVDA is in charge of doing all the heavy lifting of the Nasdaq 100 $QQQ
Source: Trend Spider
Yesterday Apple $AAPL suffers largest drop since September 6
Source: Barchart
Contemporary art beats stocks and Basquiat beats apple
Since 11/84, Jean-Michel Basquiat has been generating higher annualized return than apple... Source: Chartr
Apple vs The World
Source: Michel A.Arouet
Apple cash warchest put into perspective
by Linas Beliūnas
Apple has bought back $604 billion in stock over the past 10 years, which is greater than the market cap of 492 companies in the S&P 500. $AAPL
Source: Charlie Bilello
Apple Earnings:
While the numbers were mixed, with revenue of almost $82 billion coming above expectations thanks to strong service revenue offsetting iPhone print and a miss on Products, Macs and wearables, what the market did not like (again) is that this was another quarter without revenue growth and the 4rd consecutive quarter of annual revenue declines: the first time for AAPL since 2001. Here are some key number from FY Q1 2024 Apple: • Revenue -1% Y/Y to $89.5B (in-line). Services +16% Y/Y to $22.3B. Products -5% Y/Y to $67.2B. • Operating margin 30% (+3pp Y/Y). • EPS $1.46 ($0.07 beat). • Returned $93B to shareholders in FY23 ($78B in buybacks and $15B in dividends). Source: App Economy Insight, www.zerohedge.com
