Apple, Alphabet, Amazon, and Facebook, which combined are worth almost $5 trillion dollars[1] all releasing earnings on the same day seems crazy. From what I could find, that is 14% (5T/35T) of the total stock market posting earnings on the same day [2].<p>I'm curious if anyone has thoughts on what effect that has on the overall market in terms of volatility? (I really have no good idea as to how any of this works) Could we see other stocks dip/rise as money is reallocated?<p>[1] <a href="https://www.cnbc.com/2020/07/29/big-tech-including-apple-and-facebook-report-earnings-late-thursday-which-could-mean-a-crazy-market-day-on-friday.html" rel="nofollow">https://www.cnbc.com/2020/07/29/big-tech-including-apple-and...</a>
[2] <a href="https://siblisresearch.com/data/us-stock-market-value/" rel="nofollow">https://siblisresearch.com/data/us-stock-market-value/</a>
Wow, iPad revenue up 31% YoY after being down ~10% in the last few quarters. Similar numbers to a Q1 (holiday season). I guess it makes sense that the tablet form factor is popular when so many people are indoors.<p>Also, services revenue grew YoY but it’s the first time it didn’t grow QoQ in a long time, so it seems to have stagnated. Services include a lot of recurring revenue so they should be consistently growing QoQ.<p>Wearables growth also slowed, this may be the other side of the coin when people are indoors and don’t want to buy a watch for fitness tracking.
For people who like charts.<p><a href="https://sixcolors.com/post/2020/07/apple-q3-2020-results-everything-up/" rel="nofollow">https://sixcolors.com/post/2020/07/apple-q3-2020-results-eve...</a>
>The Board of Directors has also approved a four-for-one stock split to make the stock more accessible to a broader base of investors. Each Apple shareholder of record at the close of business on August 24, 2020 will receive three additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on August 31, 2020.
Given the high rates of unemployment in the US and around the world (with possibly worse to come) this kind of consumer spending on luxury goods is pretty remarkable. Wonder how sustainable it is.
iPhone sales moved up 2% from last year to $26.4 billion in the June-quarter. Apple earnings infographic: <a href="https://news.alphastreet.com/apple-inc-nasdaq-aapl-earnings-a-snapshot-of-q3-2020-results/" rel="nofollow">https://news.alphastreet.com/apple-inc-nasdaq-aapl-earnings-...</a>
:( and here i am still waiting for Apple product to reduce its price, coz i thought in pandemic, people will keep money for groceries, medical bill and not electronic devices.