Robert Paul Leitao on Premarket: Apple is red - 'Apple ended a tumultuous week of trading off $1.80 or 0.52% on the day at $342.37. Over the past five days Apple is off 0.66%. Over the past month Apple is up 2.62% and year-to-date the shares are higher by 25.94%.'
on Daniel Ives: Tech sell-off way overdone - 'Sorry, PED. I didn’t mean for that blast to happen. Couldn’t find a way to stop it. Perhaps that’s why people here post links with “flaws” in them.'
on Daniel Ives: Tech sell-off way overdone - 'Not sure what you mean. We paid for it upfront. I don’t recall exactly. We have 9kW of panels and a 13kWhr battery. I think it cost in the neighborhood of $33k and we got a rebate of $11k, or maybe less. Plus we got some tax benefits. I didn’t sweat the cost too much. I really wanted solar. They wanted to try to match the size to my past bills. I told him to just fill the roof with as many panels as it would hold. Being a physics geek this important. 🙂'
on Premarket: Apple is red - '”iPhone ASP was $1019 vs $868 YoY, a rise of $151 or 17%.” How do you grow the Company when everyone that wants one, has one. You raise the price. Remember, not long ago Apple stopped reporting units sold, telling us it was a useless metric. Instead they reported revenue. Of course the Android hucksters were selling to the lower 40, and none had the cache that Apple did and couldn’t raise prices. The days of the $600 iPhone have long since disappeared. Now it’s Mac’s turn. Funny thing, as Apple keeps raising its prices, its unit market share goes up with it.'
on Premarket: Apple is red - 'AAPL new shares outstanding as of October 23, 2026 was 14,532,182,000, or 14.532B shares, a reduction of net 62M shares from July 17, 2026 or about 0.42%. Actual shares repurchased was 81.767M I regular purchase and 6.3M shares under an ASR, net which cost $24B for an Avg share repurchase price of $318. That means Apple, as of close today of $344, was able to buy AAPL shares at a quarterly discount of ~8%. The net shares indicate Apple also issued about 20M shares in employee compensation during the quarter. Total net shares reduced YoY = -244M shares or 1.65%, not quite the bang for the buck 3% when the stock price was lower, naturally. Total shares repurchased for the year was 296.7M shares, spending $86.4B, avg share repurchase price was $291, a 15% discount to current price. The current $5.00 Trillion threshold now stands at $344.06, so yes, AAPL is still above $5.00 trillion barely. As I eluded to in an earlier post, Apple’s quarterly iPhone revenues were $57.583B selling (per Omdia) 56.5M iPhones, flat vs Q4 FY2025. iPhone ASP was $1019 vs $868 YoY, a rise of $151 or 17%. For the entire FY2026, iPhone revenues were $254.1B, a 21% increase FYoFY. Using Omdia’s numbers, for FY2026, Apple shipped or sold 256.3M iPhones. FY26 ASP was $991.'
on Daniel Ives: Tech sell-off way overdone - 'The tech sell-off is only overdone if you think the capex and debt financials behind the AI datacenter and LLM-base AI buildout will return positive ROIs, profits and cash flows. They won’t.'
on Daniel Ives: Tech sell-off way overdone - 'More gigawattage powered by methane gas turbines. Lovely!'
on Daniel Ives: Tech sell-off way overdone - 'This kind of quantitative prediction is dicey in the best of circumstances. It’s particularly dicey at this moment, so soon after an electoral wave that was shockingly blue. In Texas at least, new people in government have not yet decided how much they can and should do, having never in their wildest dreams expected to have gained so much power all at once.'
on Premarket: Apple is green - 'Gregg my remark was referring to Raj’s “Turbo spike to 360 today?” question as I was expressing skepticism that Apple would spike even further than it had done earlier in the day. Apple stock gave up its record high of 355.38 and with the day low of 342.06 it only finished down 1.53 % at 344.17.from its opening of 353.89. So not terrible but the range was bigger than the close implies. Considering how much momentum Apple had from the day before I could say a bit of a pullback would be expected. The major market sell off magnitude didn’t leave Apple stock unscathed and likely delayed any run to 360 for at least the weekend.'
on Mark Gurman: Apple curtails AI use by its engineers - 'Speaking of EEE Times, this came out last month with an interesting insight into misleading accounting by the hyperscalers: The AI Boom Has a Gigawatt Accounting Problem This caught my attention: “This does not mean the underlying demand is artificial. It does mean that the roles of supplier, customer, investor, and financier are becoming increasingly difficult to separate.” Everybody is investing so when multiple companies talk about so much GW of capacity from datacenters, they are often talking about the same datacenters, not separate ones. But Wall Street continues to act like they are all different. Circular financing for circular control of the same facilities.'
on Mark Gurman: Apple curtails AI use by its engineers - 'All in all an interesting look into how much AI tokens can end up costing. Even if the numbers we are kicking around are not accurate, I do think they can give a feel for the costs. And even charging these fees ($4m a day) the AI companies are still burning dumpsters full of cash.'
on Premarket: Apple is green - 'When something really big goes down, it pulls everything around it with it. But some things will eventually bob to the surface. In Apple’s case, that 71 M volume and relatively small pullback is saying that Apple longs are in exactly the right place at the right time. Still, we’ve got about 26 months before things really turn around. I’d advise keeping that seat belt buckled….'
on Premarket: Apple is green - 'Don’t forget Not lighting cash on fire for potential speculative future gains on frontier models.'
on Mark Gurman: Apple curtails AI use by its engineers - 'Don, I forgot to annualize the data. Thanks for picking up on my mistake. That can be some real money then. I am guessing that what Richard said in a later post is true as well that this is being done to get a better handle on how things need to be budgeted.'
