MacDailyNews presents live notes from Apple’s Q320 conference call

MacDailyNews ^ | July 30, 2020

[Swordmaker]

MacDailyNews presents live notes from Apple’s Q320 Conference Call with analysts starting at 5pm ET/2pm PT today, July 30, 2020.

Apple's Q220 conference call. Image: Apple logoApple will provide live audio streaming of its Q120 Results Conference Call using Apple’s industry-leading QuickTime multimedia software. This stream is best experienced on an iPhone, iPad, or iPod touch using Safari on iOS 10 or later; a Mac using Safari on macOS Sierra 10.12 or later; or a PC using Windows 10 and Microsoft Edge. Streaming to Apple TV via AirPlay requires an Apple TV (2nd generation or later) with the latest Apple TV software or tvOS. Other platforms may also be able to access the stream using recent versions of Chrome or Firefox (MSE, H.264, and AAC required).

Apple’s live conference call webcast will begin at 5pm ET/2pm PT today here.

The company posted quarterly revenue of $59.7 billion, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent. International sales accounted for 60 percent of the quarter’s revenue.

For the June quarter, analysts polled by FactSet expected Apple to post revenue of $52.12 billion and GAAP EPS of $2.04.

Notes in reverse chronological order at website source.

[Swordmaker]

Apple’s Financial’s Show that in the midst of the Covid19 crisis, they blew away the Street and then some. Apple declares a FOUR FOR ONE Stock Split! —PING!

APPLE BLOWS AWAY STREET AMIDST COVID
CRISIS! DECLARES 4 for 1 SPLIT!
PING!

If you want on or off the Apple/Mac/iOS Ping List, Freepmail me.

[thinden]

Amazing earning calls today.

Strap yourself in & prepare for take off

[rdl6989]

The stock is going sky high.

[Swordmaker]

Apple After hours $407. . . For all that may mean.

[AFreeBird]

4 to 1 stock split!

[SunkenCiv]

I'm completely in cash right now, up more than 50% on the year, but AAPL is one that I track all the time, imagine my surprise when I happened to check in the evening sometime and noticed that between a modest gain during the trading day and a huge gain in after-hours trading, it was up 29.39 today. I do believe I'll be getting me some of that. :^)

[conservatism_IS_compassion]

a huge gain in after-hours trading, it was up 29.39 today. I do believe I'll be getting me some of that. :^)

Murphy’s Law being what it is, I recently sold a third of my AAPL to take a more conservative stance. But I knew this could happen, and consoled myself that if AAPL went up 50% it would tend to become just as prominent in my portfolio again as it was before I lightened up on it.

OTOH all companies are temporary. I still have to eat if AAPL takes a nosedive in my lifetime. I don’t want to have to check the market every day.

[SunkenCiv]

Most of the banks bottomed around March 23 (some were the 18th or 19th, most were the 23rd), but for the most part haven’t bounced back. This has forced up yield. The main fear there is that the dividends will get cut, dropping the stock. A year from now (give or take a Biden victory) buying some bank stock now will look like a pretty good idea, imho.

But sometimes I just like the adrenaline rush of tech.

[SunkenCiv]

and btw, Murphy was an optimist. :^)

[SunkenCiv]

Well, this is an impressive selloff, huh? Oops, spoke too soon, dead cat bounce! My my, that’d didn’t last long.

I think those darn kids left their stakeout of the old lighthouse to trade off Apple and into TSLA. Ever since the Scooby-Doo van got a wireless hotspot, their crimefighting has really fallen off.