I’m not surprised that the iPad has a decline. My son has a few year old 9.7” iPad and it works great still. Consume media very easily and even have games. I can notice the difference between it and my 2018 iPad Pro but I could see people are just not going buy new ones every year or two. I’d like the M1 iPad Pro but it’s not worth the jump in price.
Indeed, I think the artificial restrictions on iPadOS are the #1 reason the iPad isn't eating up a larger part of the laptop space. Until software on the iPad becomes more useful, there is less reason to upgrade.
Yeah, an iPad is mostly a "consumption" device and better screens or faster processors or more speakers aren't much of an incentive to upgrade the device when you also consider the higher cost. I guess that is why Apple has been trying to turn it into a laptop like device with the iPad Pro + keyboard. But then, when you consider the limitations of iPadOS, it's becomes very hard to justify the higher cost for the Pro when a laptop is cheaper and more productive for the same use case.
My ipad mini 2nd edition works well but a number of apps are no longer available due the fact that they require a minimum os version. They will force upgrade by not providing software updates.
If you assume the market estimates the true value of a company, any reasonable model will have it predict a company’s value with an error that may be either too high or too low.
When a new data point comes in, the market adjusts its estimate. That can be lower than it was, certainly if its previous estimate was too high.
It seems the market expected Apple to do even better.
That has about as much to do with earnings as a coin flip. If it was entirely that everyone would just buy based on P/E. and since that’s a public number all stocks would be predictable. Instead we have TSLA at 128 P/E and AAPL at 28 P/E, MDB is at 9 P/E and was -2 a few months ago. None of that makes sense it’s purely speculation. I’ve seen stocks completely miss and fly off good guidance. And stocks beat by a lot and sell off because there is no volume.
Readit News
It was what got me to go for the pro.
(ref: https://www.cnbc.com/2022/04/28/apple-aapl-earnings-q2-2022....)
> The board of directors has also authorized an increase of $90 billion to the existing share repurchase program.
When a new data point comes in, the market adjusts its estimate. That can be lower than it was, certainly if its previous estimate was too high.
It seems the market expected Apple to do even better.
It is not.
It is about guidence for the next quater - Apple Posted Another Great Quarter. The Next One Might Not Be As Good. (apple themselves say)
Operating income: $30 billion
Net income: $25 billion
Net sales by category in millions -
iPhone : $50,570
Mac: $10,435
iPad: $7,646
Wearables, Home and Accessories: $8,806
Services: $19,821
I know m1 switch took some effort
Services revenue reaches new all-time high"
For anyone like me who didn't want to actually have to go a read them :D
Revenue: B$97.3, up 9% EPS: $1.52 Operating Cashflow: B$28 Returned B$27 to shareholder (buybacks, dividends I assume?)
Ah:
Divided: $0.23/share Share pepurchase fund increase: B$90