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Bill Maurer

 
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  • IBM: Okay, So Now What? [View article]
    Well they didn't use it as an excuse because Apple only reported the best quarter in corporate history. But still, currencies were a big factor and pretty much all the large names are discussing it (FB, MSFT, etc.). All of these results would be better if not for the stronger dollar. There is only so much you can hedge.
    Jan 29, 2015. 10:35 AM | 1 Like Like |Link to Comment
  • Apple: The Patriots Couldn't Even Deflate This Quarterly Result [View article]
    $2.40 might be a little tougher. Q2 generally doesn't have as high a revenue percent number coming from the iPhone, which will hurt margins a little. Plus, add in the fact that currencies will hurt a bit, and at higher share prices the buyback is a little less powerful.

    At this point we should think about $2.25 and go from there.
    Jan 29, 2015. 10:10 AM | Likes Like |Link to Comment
  • Apple: The Patriots Couldn't Even Deflate This Quarterly Result [View article]
    Well the Watch does require you to have an iPhone. So there is that.

    The $5 billion in sales does depend on the actual launch date. If it ends up being late April, you're only talking about just over 5 months in the fiscal year for sales, as opposed to many who speculated about a possible February launch that would have added two more sales months.
    Jan 29, 2015. 10:07 AM | Likes Like |Link to Comment
  • Apple: The Patriots Couldn't Even Deflate This Quarterly Result [View article]
    Not just currencies, but cheaper models. I mentioned in my iPad article how Apple lowered the top end of the iPad line prices, and it also seems that the Mac line had some cheaper models drag down the ASP.
    Jan 29, 2015. 10:05 AM | 1 Like Like |Link to Comment
  • Apple: The Patriots Couldn't Even Deflate This Quarterly Result [View article]
    That's why I linked the 10-Q, so you can look at all of the numbers if you so choose.
    Jan 29, 2015. 10:04 AM | 1 Like Like |Link to Comment
  • Apple: The Patriots Couldn't Even Deflate This Quarterly Result [View article]
    With the markets gloomy and a big snowstorm in the northeast, figured a little humor was in order.
    Jan 29, 2015. 10:03 AM | 1 Like Like |Link to Comment
  • IBM: Okay, So Now What? [View article]
    Apple was still affected. 4 points of revenue growth in the reported quarter and 5 points in the current one.
    Jan 29, 2015. 09:47 AM | Likes Like |Link to Comment
  • Netflix To $1,000? Not So Fast [View article]
    Free cash flow generally trails net income because of upfront payments to content providers.
    Jan 28, 2015. 11:55 PM | Likes Like |Link to Comment
  • Apple Update: A $2 Billion Currency Hit? [View article]
    The article was correct, and nowhere did it say to get out of Apple.
    Jan 28, 2015. 12:54 PM | Likes Like |Link to Comment
  • Netflix To $1,000? Not So Fast [View article]
    As I stated in the article, over the next few weeks I plan to do a more detailed walk-through of Netflix from top to bottom.
    Jan 28, 2015. 10:53 AM | Likes Like |Link to Comment
  • Apple Update: A $2 Billion Currency Hit? [View article]
    5 points of revenue growth when you are working off 45-50 billion in revenues is in the billions, not hundred millions.

    I believe they are saying that revenue growth would have been 25% instead of 20%.
    Jan 28, 2015. 09:11 AM | Likes Like |Link to Comment
  • Netflix To $1,000? Not So Fast [View article]
    But the original author also made several material errors in his article. So his skin in the game is based on a false premise.

    On the other hand, if I write an article stating to short a stock and I am short, I get criticized for trying to take the thing down, being biased, etc.
    Jan 28, 2015. 09:09 AM | Likes Like |Link to Comment
  • Apple Update: A $2 Billion Currency Hit? [View article]
    Even with the program, still a roughly 4% hit to revenue growth, which will get worse in Q2 and possibly worse in Q3. Strong dollar is bad when a majority of your business is outside the US.
    Jan 27, 2015. 11:38 PM | 1 Like Like |Link to Comment
  • Philip Morris: The Hits Keep Coming [View article]
    No effect? It's been killing earnings for years now. Anyone that thinks there will be no impact is sadly mistaken.
    Jan 27, 2015. 10:50 PM | 3 Likes Like |Link to Comment
  • Apple Update: A $2 Billion Currency Hit? [View article]
    And there won't be any Apple Watch revenues in the quarter.

    Imagine where things would be if it wasn't for currencies. That's why I wrote this article, and it seems I understated the situation!
    Jan 27, 2015. 09:11 PM | Likes Like |Link to Comment
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