Apple says economy is “depressed”…

Apple says economy is “depressed”…

If it wasn't for this damn depression we would have sold all our
inventory of iPhone 3G on July 11,2008 then we could have closed for
the rest of the month and gone fishing.


http://www.footnoted.org/earnings-qu...-is-depressed/

While some people continue to debate whether or not we’re actually in
a recession, Apple (AAPL) went a step further in the 10Q it filed
yesterday, using stark new language to describe the state of the
economy in its risk factors section:

The Company’s operations and performance depend significantly on
worldwide economic conditions and their impact on levels of consumer
spending, which have recently deteriorated significantly in many
countries and regions, including without limitation the United States,
and may remain depressed for the foreseeable future. For example, some
of the factors that could influence the levels of consumer spending
include continuing increases in fuel and other energy costs,
conditions in the residential real estate and mortgage markets, labor
and healthcare costs, access to credit, consumer confidence and other
macroeconomic factors affecting consumer spending behavior. These and
other economic factors could have a material adverse effect on demand
for the Company’s products and services and on the Company’s financial
condition and operating results.”

Fewer fanbois have two nickels to rub together...



4phun wrote:

> Apple says economy is “depressed”…

4phun <vic.healey@gmail.com> wrote in news:96a06c05-4867-48f0-80ae-
d568a2917772@c65g2000hsa.googlegroups.com:

> If it wasn't for this damn depression we would have sold all our
> inventory of iPhone 3G on July 11,2008 then we could have closed for
> the rest of the month and gone fishing.
>

Bullshit! I'm a stock holder. Anyone who is not working 9-5, 5 days per
week to FILL THOSE SHELVES, can consider themselves LOOKING FOR EMPLOYMENT
ELSEWHERE. It's not their goddamned company! IT BELONGS TO THE
STOCKHOLDERS! Do we need to remind the board of directors the hard way??

Get the hell back to work!

Fishing my ass......

Dammit, Vic, will you QUIT CROSSPOSTING THIS SHIT!

4phun wrote:
> Apple says economy is “depressed”…
>


Yeah, I'm so depressed about it that I'm going to throw myself on the
Alter of Unbridled Consumerism and spend the rest of my putrid miserable
life looking for 'made in China' labels.

--
jer
email reply - I am not a 'ten'

4phun wrote:
> Apple says economy is “depressed”…
>
> If it wasn't for this damn depression we would have sold all our
> inventory of iPhone 3G on July 11,2008 then we could have closed for
> the rest of the month and gone fishing.
>
>
> http://www.footnoted.org/earnings-qu...-is-depressed/

Fwiw, it's in Apple's interest to say the economy is depressed. IOW,
the only reason they're saying it is because they've decided that /now/
would be a good time (for whatever internal reasons).

Anecdotally, an acquaintance emailed me today saying that there are
"still lines at Apple stores for iphones. This morning, there were about
60 people at Emeryville (CA)."

One last nugget: How is it that a company re-founded on open-source
software (BSD->NeXTOS->OSX) has turned out so... so... closed? And is
there a problem with that? Here's an interesting conjecture at what
happens when and erstwhile niche-market company finds "a lot" of customers:

<http://blog.wired.com/gadgets/2008/07/has-apple-bitte.html>

-Craig

In article
<96a06c05-4867-48f0-80ae-d568a2917772@c65g2000hsa.googlegroups.com>,
4phun <vic.healey@gmail.com> wrote:

> Apple says economy is ³depressed²Š
>
> If it wasn't for this damn depression we would have sold all our
> inventory of iPhone 3G on July 11,2008 then we could have closed for
> the rest of the month and gone fishing.
>
>
> http://www.footnoted.org/earnings-qu...-is-depressed/
>
> While some people continue to debate whether or not we¹re actually in
> a recession, Apple (AAPL) went a step further in the 10Q it filed
> yesterday, using stark new language to describe the state of the
> economy in its risk factors section:
>
> The Company¹s operations and performance depend significantly on
> worldwide economic conditions and their impact on levels of consumer
> spending, which have recently deteriorated significantly in many
> countries and regions, including without limitation the United States,
> and may remain depressed for the foreseeable future. For example, some
> of the factors that could influence the levels of consumer spending
> include continuing increases in fuel and other energy costs,
> conditions in the residential real estate and mortgage markets, labor
> and healthcare costs, access to credit, consumer confidence and other
> macroeconomic factors affecting consumer spending behavior. These and
> other economic factors could have a material adverse effect on demand
> for the Company¹s products and services and on the Company¹s financial
> condition and operating results.²

In other words:

"We sell a luxury lifestyle, which people find it very easy to give up
in order to, for example, put food on the table."

On Sun, 27 Jul 2008 08:25:34 -0400, "Elmo P. Shagnasty"
<elmop@nastydesigns.com> wrote:

>In article
><96a06c05-4867-48f0-80ae-d568a2917772@c65g2000hsa.googlegroups.com>,
> 4phun <vic.healey@gmail.com> wrote:
>
>> Apple says economy is ³depressed²Š
>>
>> If it wasn't for this damn depression we would have sold all our
>> inventory of iPhone 3G on July 11,2008 then we could have closed for
>> the rest of the month and gone fishing.
>>
>>
>> http://www.footnoted.org/earnings-qu...-is-depressed/
>>
>> While some people continue to debate whether or not we¹re actually in
>> a recession, Apple (AAPL) went a step further in the 10Q it filed
>> yesterday, using stark new language to describe the state of the
>> economy in its risk factors section:
>>
>> The Company¹s operations and performance depend significantly on
>> worldwide economic conditions and their impact on levels of consumer
>> spending, which have recently deteriorated significantly in many
>> countries and regions, including without limitation the United States,
>> and may remain depressed for the foreseeable future. For example, some
>> of the factors that could influence the levels of consumer spending
>> include continuing increases in fuel and other energy costs,
>> conditions in the residential real estate and mortgage markets, labor
>> and healthcare costs, access to credit, consumer confidence and other
>> macroeconomic factors affecting consumer spending behavior. These and
>> other economic factors could have a material adverse effect on demand
>> for the Company¹s products and services and on the Company¹s financial
>> condition and operating results.²
>
>In other words:
>
>"We sell a luxury lifestyle, which people find it very easy to give up
>in order to, for example, put food on the table."


it's a matter of priorities. Last Christmas I decided on a Garmin Nuvi
360, instead of an iPhone.

Someone else may decide on an iPhone or two instead of a 3rd HDTV for
the house.

"Larry" <noone@home.com> wrote in message
news:Xns9AE7DA2FE8D85noonehomecom@208.49.80.253...
> 4phun <vic.healey@gmail.com> wrote in news:96a06c05-4867-48f0-80ae-
> d568a2917772@c65g2000hsa.googlegroups.com:
>
>> If it wasn't for this damn depression we would have sold all our
>> inventory of iPhone 3G on July 11,2008 then we could have closed for
>> the rest of the month and gone fishing.
>>
>
> Bullshit! I'm a stock holder. Anyone who is not working 9-5, 5 days per
> week to FILL THOSE SHELVES, can consider themselves LOOKING FOR EMPLOYMENT
> ELSEWHERE. It's not their goddamned company! IT BELONGS TO THE
> STOCKHOLDERS! Do we need to remind the board of directors the hard way??
>
> Get the hell back to work!
>
> Fishing my ass......
>
> Dammit, Vic, will you QUIT CROSSPOSTING THIS SHIT!

Do you mean to say that *you* actually bought Apple stock?? Please tell me
someone gave it to you. Sell it quick while you can!!

"John B. Coarsey, PE" <jcoarsey<nospam>@yahoo.com> wrote in
news:g6kmjp02bes@news3.newsguy.com:

> Do you mean to say that *you* actually bought Apple stock?? Please
> tell me someone gave it to you. Sell it quick while you can!!
>
>
>

I bought it back in January when it crashed pretty hard down from
$200/share. It was around $120 when I bought in and I bought some more
later on for a little more. I have an automatic sell order in the system
to dump it at $148 in case I'm asleep.

The current averaged slide down from $190 is MOST disturbing, considering
all the money and hype they unloaded on the new 3G FruitFone and other
products.

I still think the reason we're not making lots more money in AAPL is Steve
Jobs' awful appearance and this stupid notion of holding back iPhones to
make fanbois drool when they can't get it trying to hold up the prices.
It's just not THAT good a product you can screw around like this.

Jobs' health is another good reason for the automatic dumping, which may
become more public at any moment he's hauled in on a stretcher. That, I'm
afraid, would really crash the company, no matter how good their products
may seem. This company is WAY too dependent on ONE MAN who, like everyone
else on the planet is ONE heartbeat away from death. It's stupid to play
like this. But, I'll make a fair profit at $148, for my short term
investment. Sure wish, though, I'd dumped it the last time it tanked below
$190 with all the promises of going over $200 or more by the anal---ists.

"John B. Coarsey, PE" <jcoarsey<nospam>@yahoo.com> wrote in
news:g6kmjp02bes@news3.newsguy.com:

> Do you mean to say that *you* actually bought Apple stock?? Please
> tell me someone gave it to you. Sell it quick while you can!!
>
>
>

God, it's off 5% just TODAY!

Someone's dumping AAPL too fast!