t could help Apple’s India business.
Apple might have found a way to exempt itself from a rule that has kept its retail stores out of India, according to a new report.
India’s Department of Industrial Police Promotion (DIPP) will recommend to the country’s Finance Ministry to provide Apple AAPL -0.52% a special exemption that would allow the company to open its own retail stores in India, the Times of India is reporting, citing sources. The company will be able to open its own stores, thanks to it offering products that are both “cutting edge” and “state-of-the-art,” according to the report, which was earlier reported on by Apple-tracking site 9to5Mac.
India has some of most stringent rules in the world governing how businesses can operate. To open a single-branded retail store in the country, for instance, that company must source 30% of its products from Indian companies. Apple, which manufactures most of its products in China, does not meet that threshold and has therefore been banned from opening its popular retail stores in the country.
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Not having a retail presence in India has been one of the issues affecting the company’s traction in what is proving to be one of the most important emerging markets in the world. Last year, Apple’s iPhone had just 2% market share in India. With millions of people coming online and buying new smartphones each day, Apple wants to build its share of the booming Indian market.
First Quarter Earnings Announcement Expected: Earnings will tentatively be announced Thursday. The consensus earnings are $0.41, with a high and low of $0.54 and $0.23, respectively. The mean has trended upward from the last estimate of $0.40.
Expected Timing: Before market open
The date was gathered by Wall Str
Sentiment: Strong Buy
K man you're full of Bat s--- I never told anyone to buy or sell I might have said I was buying but NEVER told anyone else to buy...stop your jealousy It'll make you even sicker in the head
up again and without k man who can only talk about icon going down BUT not when it went up from 60 cents to $42 Did I need to hold your hand k man? lol Name one of your "nice people" who was hurt because of me
4. Apple is still massively profitable, pays a dividend, has huge cash reserves, and built-in consumers for future upgrades.
The game is not over for Apple and there have been many times this company has been counted out. It's easy to forget how dismissive many were of the company's future prospects when Tim Cook became CEO. This time, it's understable, given the disappointing earnings report, but I think this is a huge overreaction.
If you are buying Apple stock as a short-term investment, you going to be in for a very bumpy ride. I was not surprised that this week's report was less than rosy and frankly I don't expect the next two quarters to be terribly encouraging either. For that reason, it's pretty daunting to speculate on this name in the short-term.
If, however, you are an Apple investor for the long-term, look at this week's report with concern and analyze what future growth rates will look like. Assume a slowdown is occurring in core products. And when you factor in these negatives, analyze the profitability of the company, its cash position, the current price-earnings and price-to-book multiples, and return on equity. You'll see that this company still is incredibly strong financially despite this week's report.
As with iPhones, the evidence is that new customers aren’t the problem here – Cook made much of the high “new to Mac” numbers this quarter. The issue is once again upgrades, and there we should see better numbers later this year as Apple upgrades the product line with new Intel Skylake chips. The timing of that change is hard to predict, but it should help the Mac revenue growth line turn positive again, helping to offset the smaller iPad decline.
Other new products driving growth
The Apple Watch isn’t broken out in Apple’s results explicitly, but it has contributed meaningfully to the overall revenue line over the past twelve months. The Other Products line where it sits includes both the iPod and accessories, which had been declining fairly significantly, but that segment’s revenues have been growing year on year since the Apple Watch launch. In the first part of this year, that growth is likely to be modest, but once again come the fall things should look better as Apple updates the hardware and drives new sales.
Another interesting new product that’s driving growth is Apple Music, which now has 13 million paying customers. That’s good for a run-rate of a little over $1.5 billion on an annualized basis, and the growth rate (around 25-30k new subscribers per day) should see Apple get close to 20 million by the end of the year, which in turn would drive annualized revenue of $2.3 billion. Given that iTunes Music generated around $4 billion at its peak, and is now generating much less, this new service is on track to begin driving meaningful growth for Apple in the music category again. More broadly, Services continues to be one of the drivers of growth at Apple, driven not just by Apple Music but to a great extent by the App Store too. The good thing about that growth is that it is driven by the growing base rather than sales of new devices, so to the extent that Apple is still adding new iPhone customers, it should continue to grow even as iPhone shipments slow d
Kenny you moron I was the guy who kept saying for years where were the investments from our execs where was the money coming out of their pockets ??? one nitwit, not you, another one, always got on me for bashing the execs so don't give me anymore of your ****
on stocks that others suggested before but I did my DD and NEVER blamed the loss on anyone else It was all on me and here we have a miserable lying creature telling everyone how well he did all the while bashing me for hanging in with a stock that went from .60 cents to 42 bucks and he blames me for not telling folks to get out ? The man is demented