It is the 7th of December 2019

News

Bad Santa Buys Bonds, Bullion, & Bitcoin; Rotten Apple Spoils Promised Stock Rally

This was not teh Santa Claus rally that everyone was promised...

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Apple Soars To $900BN In Mkt Cap After Crushing Earnings And iPhone X Guidance

While Apple gets a freebie in the current (fourth fiscal) quarter, as it came just before the official release of the iPhone 8 and X, traders were still looking at overall trends and guidance from Tim Cook on what to expected from the all important holiday quarter. What they got was just what they requested, with Apple not only reporting a beat on the top and bottom line, including the first positive quarter in China in one and a half years, but also providing strong iPhone X guidance for a record holiday quarter, which promptly sent the stock price surging over 3% in the after hours, now just $100 billion away from $1 trillion in market cap.

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Apple Surges To New Record High On Strong iPhone 8 Guidance, Earnings Beat Despite iPhone Sales Miss

With Apple trading just shy of all time highs (and with a quarter trillion in cash on the books), the market was wondering if AAPL can once again surprise to the upside ahead of the all important iPhone 8 quarter, as well as provide some guidance what it plans to do with its cash hoard. And while, there was no explicit guidance on the now $260BN+ in gross cash, Apple has surged after hours on the strong top and bottom line beat, and just as strong guidance, despite a small iPhone sales miss in the current quarter.

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Apple Unveils "HomePod" Speaker, Long After Amazon, Google

Once again, it took Apple just a few years to catch up to Amazon and Google.

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Apple Slides After iPhone Sales Drop, Revenues Miss, China Sales Disappoint

With Apple trading at all time highs (and with a quarter trillion in cash on the books), the market was wondering if AAPL can once again surprise to the upside as well as guide what it plans to do with its cash hoard.  It tried, but it couldn't quite get there.

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Apple Sells A Record Number Of iPhones, Beating Expectations As Cash Hits A Quarter Trillion Dollars

Rumors of AAPL's demise have once again been greatly exaggerated. Moments ago, Apple reported Q1 earnings which not only beat on the top and bottom line, but also sold a record number of iPhonea in the quarter at a record 78.4 million, 2 million more than expected, at higher ASPs than expected. Earnings of $3.36 were higher than the $3.22 expected, on record revenue of $78.4 billion, above the $77.3 BN expected, and 3.3% higher than a year ago. While sales grew across the globe, revenue in China declined by 12% in the quarter, the 4th consecutive quarterly decline in a row.

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