Bart Yee on Best and worst Apple analysts: Fiscal Q2 2026 - 'Congrats on a well done win. Regarding Mac revenues, sales of lower priced Neo’s would have raised sales numbers but diluted revenues and ASP’s. Given that 14 of the 20 participants estimated between $8.60-$10+, expectations were high for increased Mac Revenues above the 6% result. As David suggests, memory costs, availability and production may have actually constrained sales numbers and subsequent revenues. No matter, considering solid backlogs of orders for Mac Neo and mid to high end Mac’s, this is just pushing demand and delivery into Q3, assuming Apple can improve delivery. Neo’s will make great graduation and Back to school gifts and educational institutions will be deciding on whether Mac Neo makes inroads on new school year budgets. Meanwhile, small business and enterprise now have options for running their own Mac-based AI locally instead of paying monthly subscription fees to AI infrastructure and providers. Considering the costs and data privacy issues involved, Mac may see substantial uptake over the next year.'
on Best and worst Apple analysts: Fiscal Q2 2026 - 'The interesting thing for me is that this is normally a production slack period for Apple, but it seems clear production is still humming. Seems a perfect opportunity for Apple to be gearing up for more production. But my past experience of Apple is that they don’t really like to gamble, production-wise. They have appeared to leave cash on the table rather than gamble on the possibility of over-supply. I’d love it if, for once, they took a chance and let production rip. I just don’t have much hope that they actually will.'
on Apple delivers another record fiscal quarter — Q2 2026 - 'Now that I think about it, unless I’m wrong, you can’t buy physical unified memory silicon. That would mean that TurboQuant would have to be modified to benefit Apple’s hardware. I don’t if, or how that could be done. The important thing is that Apple has alternatives to just paying more.'
on Apple delivers another record fiscal quarter — Q2 2026 - 'When Apple pops post call, that’s a boost that has legs IMHO. BTO Tommo’s take made me vomit in my mouth. He’s jumped the shark.'
on Apple delivers another record fiscal quarter — Q2 2026 - 'Thanks Gregg, Going out on a limb, if Google and Apple, in combo or separately, radically reduce the cost (CAPEX and OPEX) of AI, parts or all of AI, we might see disruptive changes in valuations. Right now, the price Nvidia pays TSMC for a chip is 1/10th the fully burdened CAPEX of a hyper scalar’s data center.'
on Apple delivers another record fiscal quarter — Q2 2026 - 'Mebbe it’s old age. Mebbe it’s experience. But it seemed to me there was a lot more ‘platitudes’ today than I remember. Anyone else thought about that (one way or the other)?'
on Best and worst Apple analysts: Fiscal Q2 2026 - 'I thought the sold-out Mac Minis and Mac studios that people were buying for building local AI agents would have bumped Mac sales a bit more. I’m pleasantly surprised by services growth. High margin and often recurring. This is the next engine for AAPL buy backs.'
on Apple delivers another record fiscal quarter — Q2 2026 - 'The guidance for June quarter was good but not ‘that’ good. Sure, it got the stock back to climbing again but I suspect — because I was monitoring the stock movement very closely — that the sudden surge also had something to do with Kevan saying they will “no longer be providing net cash neutral as a formal target, and will independently evaluate cash and debt.” That comment seemed to have released Joe’s beach ball. From 268.88 to 284.89 in a matter of minutes! What Kevan said sounds slick but vague. You can’t nail the real meaning behind it. One guess could be that they’re looking into bigger [than usual] acquisitions.'
on Apple delivers another record fiscal quarter — Q2 2026 - 'I think they are keeping their options open to change strategies on all those things. I could see Apple trying to develop its own Ram production partner if they can’t negotiate prices they like from others. Probably easier to design than a modem. But could be a big ticket investment which they might want to debt finance. No insider information but keeping control of costs is what they do and for now it seems like there is going to be higher prices for Ram going forward. Apple wants to get the leverage on that back.'
on Apple delivers another record fiscal quarter — Q2 2026 - 'Great show today. I joined the call a little late at +17min. Questions I would love to be able to ask: “When will you shift the balance of investor return toward dividends rather than buy-backs?” (Toward does not imply entirety, just 10/90 vs 20/80 or 40/60.) Maybe also: “When is the next stock split coming?” Overall, though, can’t complain. I look forward to Friday’s performance and the performance over the next few weeks (beyond Max Pain).'
on Apple delivers another record fiscal quarter — Q2 2026 - 'Just as I suspected, the stock zig zagged until Apple gave their guidance, then WS responded. Great time to be an Apple long. Tim Cook, you’re welcome. And thank YOU.'
on Apple delivers another record fiscal quarter — Q2 2026 - 'What caused the shift to end the position of targeting cash neutral, I wonder.'
