Via Climateer Investing, January 2, 2019
Was Apple's Decision to Stop Reporting Unit Volume Last November A Tell?
Bryce was delayed getting to the Markets Live desk, but unlike a day earlier, not complaining that ML cut into his actual work. He seemed oddly resigned to his task of keeping the Rabble on the Right on a short leash.
Cue dream sequence:
Bryce Elder
What?Blank canvas good morning everyoneVV75 morningAAAA bonjour !Sails MorningSoundbuy Morgen..........The time? Yeah, new policy. From now on we won't be releasing specific data on the exact start time of ML.
GBKrona HolaLeonardSG MorningWe believe the metric distracts the ROTR from the underlying trends affecting the quality of FT Alphaville's daily thing with the typing.
AAAA à la AAPL ...Soundbuy We're well-conditioned alreadyViking1 Morning and APPL down 7.3 pre marketViking1 %AAAA if aapl do it, why not MLJimboRock Alibaba pleaserwl Good morning "randomville" :)Viking1 How many points on the Dow?
The ROTR should expect the information we are willing to provide, not the information they actually want.Which, TBH, has always been the policy.
irish hedge fund guy guten morgen, or perhaps abendirish hedge fund guy yes apple tired of focus on Iphones lolSo ............. let's head straight into the world's biggest single-product toy maker.
AAPL:NYSEViking1 Oil futures?Trump already allowing India etc to buy oil from the verboten landDidn't think it'd autoticker. Down 6.2% premarket last I checked.Flaneur Loads of rehashed clickbait about Apples $1trn valuation and 'what its bigger
than...combined'.Crazy valuation for a one trick pony. Its worth 25% at most.Actually, rallied a bit. 5.5% now. And volume of 540k, which isn't bad.jackdaniel37 Trump China whats the deal
The news is two headed.First, guidance for the Christmas quarter's weaker than expected.rw42 I'm amazed there aren't enough people insulted by the thought of >£1k phones
that they've not killed their market - especially considering the number of people i see
with cracked phone screens!Cautious noises on sales in EM, which weren't entirely unexpected, and cautious noises on margins, which weren't.
LeonardSG prolly a scheme to ensure inflation
Given DRAM prices etc are on their way down.irish hedge fund guy and AMZN at $1trn as well. Look at it now..Viking1 Off course this pre market decline in AAPL ...
not that many years that was equivalent to the entire market cap of the company
Second, we have the conference call bombshell of investors no longer getting unit volume data.
Excel Developer #Midterms: pinch of salt please with any tweets about progress in trade talks.
Why? because Apple's no longer a hardware company of course. It's a bank of installed customers who can be filleted in multiple ways, not just by hardware sales.Anonymous For Today good morning. Has VVO ever been covered here?
I would love a few opinionstonyb Newbie question: What does ROTR stand for?
And the fact that the decision has been made not to release unit data when unit data is flatlining is entirely coincidental.
Excel Developer ROTR = Rabble on the right.Here's Oppenheimer....
...MUCH MORE
[okay, my dream sequences may be different from yours]
That's the way I remember it.
It was a tell.
How can I tell it was a tell?
Because Bryce was trying to tell us it was a tell.
Attentive observer will note a rather profitable short-selling opportunity in Apple's stock in the two months between Mr. Elder's November 2 observation and our January 2 post.
Thanks Bryce
We'll get back to Messieurs Murphy et Hume and the Great Financial Unpleasantness but this bit o'Bryce has a special place in our otherwise flinty hearts.
Although Mr. Elder will no longer be found at Markets Live he writes a Stocks to Watch column as well as other pieces for the FT.
