The watch is a distraction, the new payment system is really the big news and the reason the shares went up.
I think Apple is now the largest US company?
May 05,2014
1. Bigger than Google, Amazon, Facebook Apple generated $43.7 billion in sales during the first three months of 2014. That's more than Google, Amazon, and Facebook COMBINED.
2. Fewer phones sold, more money earned Samsung sold twice as many phones as Apple in Q1, but generated about the same amount of revenue, and much less profit. (Samsung did $6.3 billion versus Apple's $13 billion.)
3. iPhone revenue is more than that of Microsoft Apple's iPhone business generated $26 billion in revenue in Jan-March period. Microsoft's ENTIRE business generated $20.04 billion over the same time. The iPhone is growing faster than Microsoft, too.
4. iPad revenue three times more than Facebook’s The iPad generated $7.6 billion. It was considered a down quarter. Facebook did $2.5 billion last quarter. For further context, in the past 12 months, Facebook has generated $8.9 billion in revenue.
5. Apple Q1 profit bigger than Amazon's in 20 years Apple's net profit was $10.2 billion for the first quarter. That's more than what Amazon has earned in its entire 20-year existence.
6. Can buy Facebook, Twitter, Tesla etc and still have change left Apple has $150.6 billion in cash. It could buy Facebook at Facebook's current valuation with its cash. Or, it could go on a shopping spree and buy Netflix, Tesla, Twitter, Dropbox, Pandora and Spotify. When it was done buying those companies, it would still have $59 billion in cash to spend on anything else it wants.
7. Holds more credit card info than any company in the world Apple now has 800 million iTunes accounts. That's 800 million credit cards on file, which is more than any other company in the world.
8. Adding more users than Twitter Apple says it added 60 million new users in the last six months. Twitter, which is free, only added 23 million new users in the last six months.
9. Apple Q1 net profit higher than Exxon Q4's Apple's net profit was the 14th highest in history. It was also higher than Exxon's fourth-quarter profits. (Exxon hasn't yet reported Q1 earnings.)
10. iTunes more profitable than Netflix Apple's iTunes/software division did $4.57 billion in sales in Q1. For the last 12 months, Netflix did $4.37 billion in sales.
Their product may be a housebrick now, but it revolutionised the market.
Companies that were household names leading their market simply disappeared when aapple entered the portable phone market.
And after that shake up, virtually unknown companies emerged and later smashed apple at its game- of producing quality innovative, stable product.
While Apple can no longer compete against htc, samsung etc in the handheld form factor, apple is doing what it does best and is moving into wearables.
here comes their watch.
expect to see more devices.
The mobile phone market is interesting.
When I got my first phone in the early 90's Motorola seemed dominant. Nokia took over for a while, then apple briefly, and now it's seems Samsung is in the lead. It hasn't been your traditional betamax/vhs race that Australia likes.
Do you think they will go back to the sexy bond style silhouettes, or the incredibly cool chick that all the dull girls will want to emulate with the multi touch multigesture incredibly intuitive iDildo?
Maybe they will cum in bondi blue?
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
The watch is a distraction, the new payment system is really the big news and the reason the shares went up.
I agree. Watching the shares as the announcements were made to some extent confirms this. They spiked as the Apple pay announcement was made and went down during the announcements of the phones and watches. This could just reflect the fact that people already knew most of the details on the devices but were pleasantly surprised by the Apple pay, but personally I think Apple Pay was monster news.
They hit the market at *exactly* the right time for this. There have been other mobile payment systems that sank without trace like Google Wallet. But this time everybody is thinking of the millions of credit card numbers that got stolen from Target, Home Depot, and a bunch of other retailers recently.
The big thing is that with Apple Pay, the vendor never sees your credit card number so they have nothing of value that someone can steal. The only company you have to hope doesn't get hacked is Apple. So even Joe Q Sixpack in the street can see the advantage, which they could not with Google Wallet. (even though it might have been there - I don't know.)
Of course Google Wallet will now be re-vamped and Microsoft will follow with its own mobile payment system, but by the time they get to market, tens or hundreds of millions of people will be prisoners of the Apple Payment ecosystem and not want to change. Very, very sticky.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
A little off topic (as much as the iDildo should be discussed at length) but I have just been looking at NBN plans for home and I am amazed at the choice of providers. It looks like quit a few start ups have come about and that the majors have had to take a haircut on their bullshit pricing schemes that were a byproduct of the network duopoly.
I think back and remember the NBN was lorded as a failure and it's benefits were never sold to the public by the very people who brought about its inception. Labor didn't do a lot if things right but this was one project they did in the best interest of everyone in this nation. Privatising Telstra set us back at least 10yrs in tech terms as they let an unproductive, not fit for purpose network fall apart whilst charging us the highest rates of any nation on earth when speeds are compared.
We now have a system that has true competition and value for its users. It is a massive achievement and if you do the maths on it it will pay for itself in the next 10-12yrs.
I'm a realist though, I realise it is easy pickings for a government that has brainwashed a nation to believe that selling assets for a short term profit to achieve a temporary surplus is good practise.
A little off topic (as much as the iDildo should be discussed at length) but I have just been looking at NBN plans for home and I am amazed at the choice of providers. It looks like quit a few start ups have come about and that the majors have had to take a haircut on their bullshit pricing schemes that were a byproduct of the network duopoly.
I think back and remember the NBN was lorded as a failure and it's benefits were never sold to the public by the very people who brought about its inception. Labor didn't do a lot if things right but this was one project they did in the best interest of everyone in this nation. Privatising Telstra set us back at least 10yrs in tech terms as they let an unproductive, not fit for purpose network fall apart whilst charging us the highest rates of any nation on earth when speeds are compared.
We now have a system that has true competition and value for its users. It is a massive achievement and if you do the maths on it it will pay for itself in the next 10-12yrs.
I'm a realist though, I realise it is easy pickings for a government that has brainwashed a nation to believe that selling assets for a short term profit to achieve a temporary surplus is good practise.
Agree entirely. The key value of the NBN is and has always been the structural separation. Thankfully, it looks as if the coalition are not fucking with that.
I am personally of the view that the right way to go was to grit our teeth and go the fibre-to-the-building route immediately. That would mean FTTH for free-standing houses and fibre to the basement for MTUs (which the Labor NBN had absolutely no viable plan for, BTW). However, VDSL2+ with vectoring is looking as if it will be quite viable for a hell of a lot of people and the fibre-on-demand is still on the table for those who want more.
It will pay for itself in less than 10 years I think. Certainly a lot faster than a few new roads.
Here is a very interesting presentation from Simon Hackett (At AUSNOG 2014) who was a big opponent of the watering down of the NBN before the election but has now found himself on the board of the NBN. Simon and I were networking peons in the education sector together at the start of our careers, but since then he has done a bit better than I have. :-)
Agree entirely. The key value of the NBN is and has always been the structural separation. Thankfully, it looks as if the coalition are not fucking with that.
I am personally of the view that the right way to go was to grit our teeth and go the fibre-to-the-building route immediately. That would mean FTTH for free-standing houses and fibre to the basement for MTUs (which the Labor NBN had absolutely no viable plan for, BTW). However, VDSL2+ with vectoring is looking as if it will be quite viable for a hell of a lot of people and the fibre-on-demand is still on the table for those who want more.
It will pay for itself in less than 10 years I think. Certainly a lot faster than a few new roads.
Here is a very interesting presentation from Simon Hackett (At AUSNOG 2014) who was a big opponent of the watering down of the NBN before the election but has now found himself on the board of the NBN. Simon and I were networking peons in the education sector together at the start of our careers, but since then he has done a bit better than I have. :-)
Thanks for the link miw, I agree with your comment about gritting our teeth and just going straight to the home, whether we can envisage it or not the future will require it at some stage. I'm old enough to remember when the PC came with an upgradable hard drive to 2gb, most people were like 'what in the hell would you need that much storage for?', now if a phone has 'only' 16gb it's it borderline inferior.
I think the duplication will create an extra cost that does not need to be born out of this project but will only be realised a decade or more from now when ppl are having to upgrade to have the fibre direct to the home.
I personally hate doing things twice or in halves, I think the grand plan should be the end game, fiddling around with the NOD concept just to score a political position is wasteful and egotistical.
I think the duplication will create an extra cost that does not need to be born out of this project but will only be realised a decade or more from now when ppl are having to upgrade to have the fibre direct to the home.
It is going to be very very interesting. Nobody knows how much the fibre-on-demand option is going to cost, but one figure I have heard bandied around is about $5k. (more expensive than the per-home marginal cost if all homes in a street were done, but cheaper than a one-home build cost.)
Fairly rapidly, people in VDSL districts will realise that true fibre will raise the value of the home vs. neighbours with VDSL by more than $5k and everyone will be wanting it. In effect the NBN will get its upgrade to fibre for free on the backs of the consumer. Whether this is a win or a loss depends on your POV, I guess.
In the meantime VDSL involves a hell of a lot more street furniture, and it is active street furniture with no power backup which to my mind is a no-no if you want a properly reliable service. If the power goes off, the phones go off. Since when has this been acceptable? That combined with my suspicion that a lot of the existing copper will prove to be very problematic for VDSL makes me think that VDSL to detached houses will be abandoned long before the rollout is complete and fibre will be back on the agenda.
The waste from doing it twice is really only the cost of the extra street furniture that VDSL will need over and above the street furniture that would be required for FTTH (which is also considerable.)
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
The original NBN was to be our 'glass railway' and deliver many currently unknown benefits. I could have seen a day when AU provided 'quality' callcentres services to the globe right from every worker in their homes, however now I am not so sure.
On a totally different issues... Why are forums like a game of Tetris, really we do have horizontal as well and the current structure and logic is very annoying to me. We need a new design without the vertical grief and inability to follow trains of thought in parallel.
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy