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potatochip

potatochip

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2021-11-04

Cute

@小虎活动:[Halloween Game] Trade or Treat!

2021-09-09

Both also good companies[Victory]

Amazon Vs. Microsoft: Two Cloud Computing Giants, One Winning Stock<blockquote>亚马逊 Vs. 微软：两大云计算巨头，一只获胜股票</blockquote>

2021-08-27

Go Cathie! [Bless] [Victory]

抱歉，原内容已删除

2021-08-27

[Miser] [Miser]

Apple CEO Tim Cook Gets $750M In Shares From iPhone Maker And Cashes Them Out Almost Immediately<blockquote>苹果首席执行官蒂姆·库克从 iPhone 制造商那里获得了 7.5 亿美元的股票，并几乎立即兑现</blockquote>

2021-08-27

[Surprised]

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2021-08-16

Good company good products

Apple’s Next iPhone Is Coming Soon. Here’s What to Expect.<blockquote>苹果的下一代iPhone即将上市。这是可以期待的。</blockquote>

2021-08-16

Great

Watch For These New Product Launches From Apple This Fall: Mark Gurman<blockquote>关注苹果今年秋季推出的这些新产品：Mark Gurman</blockquote>

2021-08-04

Nice run

What Is Fueling The AMD Rally?<blockquote>是什么推动了 AMD 的反弹？</blockquote>

2021-07-31

It would be an incredible merger if it happens

抱歉，原内容已删除

2021-07-29

Nice [Strong]

Mastercard Q2 Adj. EPS $1.95 Beats $1.72 Estimate, Sales $4.50B Beat $4.34B Estimate<blockquote>万事达卡第二季度调整后每股收益 $1.95 超出预期 $1.72，销售额 $4.50B 超出预期 $4.34B</blockquote>

2021-07-26

[Cool]

抱歉，原内容已删除

2021-07-23

[Drowsy] //@CL777:Not again

抱歉，原内容已删除

2021-07-17

Wow

抱歉，原内容已删除

2021-07-15

Netflix and game [Observation]

抱歉，原内容已删除

2021-07-14

Not only overbought, it’s “extremely overbought” [Observation]

抱歉，原内容已删除

2021-07-14

High to enter now

Cramer: The News About Apple Is All Wrong<blockquote>克莱默：关于苹果的消息都是错误的</blockquote>

2021-07-11

[Strong]

抱歉，原内容已删除

2021-07-11

Choices to make when wear and tear sets in

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2021-07-06

Interesting read

抱歉，原内容已删除

2021-07-01

Good read

抱歉，原内容已删除

去老虎APP查看更多动态

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Game] Trade or Treat!","htmlText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","listText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","text":"Hello, dear Tigers! Happy Halloween! 🎃🎃🎃 Tap here to play the Halloween game, and you stand a chance to win various rewards! Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1. How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'. 2. How to collect points? Each player has 30 seconds to catch falling candies while av","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850756569","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":889575462,"gmtCreate":1631164030256,"gmtModify":1631890264834,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Both also good companies[Victory]&nbsp;","listText":"Both also good companies[Victory]&nbsp;","text":"Both also good companies[Victory]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/889575462","repostId":"1127517147","repostType":4,"repost":{"id":"1127517147","kind":"news","pubTimestamp":1631158589,"share":"https://www.laohu8.com/m/news/1127517147?lang=zh_CN&edition=full","pubTime":"2021-09-09 11:36","market":"us","language":"en","title":"Amazon Vs. Microsoft: Two Cloud Computing Giants, One Winning Stock<blockquote>亚马逊 Vs. 微软：两大云计算巨头，一只获胜股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127517147","media":"Seeking Alpha","summary":"Summary\n\nMicrosoft's Azure continues to gain market share in the burgeoning cloud infrastructure ser","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Microsoft's Azure continues to gain market share in the burgeoning cloud infrastructure services market. However, Amazon's AWS remains in the No.1 position.</li>  <li>Although the cloud wars are heating up, both Azure and AWS are performing exceptionally, growing at 51% y/y and 37% y/y, respectively.</li>  <li>The global cloud services market is poised to grow at a CAGR of ~15.8% until 2030 to become a $1.6T market. Therefore, cloud providers still have a long growth runway.</li>  <li>In this article, I share a comparative financial analysis for Microsoft and Amazon to determine the better buy.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/69eeb847ac2a68d9068ee3d90ae2ec5c\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Chip Somodevilla/Getty Images News</span></p><p><blockquote><ul><li>微软的Azure在蓬勃发展的云基础设施服务市场继续获得市场份额。然而，亚马逊的AWS仍然位居第一。</li><li>尽管云战争正在升温，但Azure和AWS的表现都非常出色，分别同比增长51%和37%。</li><li>到2030年，全球云服务市场有望以约15.8%的CAGR增长，成为1.6万亿美元的市场。因此，云提供商还有很长的成长跑道。</li><li>在这篇文章中，我分享了微软和亚马逊的比较财务分析，以确定更好的购买方式。</li></ul><p class=\"t-img-caption\"><span>奇普·索莫德维拉/盖蒂图片社新闻</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> Microsoft (MSFT) and Amazon (AMZN) are competing for the coveted No.1 spot in the cloud infrastructure services market, which is projected to grow from $325B in 2021 to $1,620B (or $1.6T) by 2030, according to areportby Allied Market Research. In Q2, Amazon's AWS revenues grew at 37% year-over-year (marked acceleration) as it continues to lead the cloud infrastructure services market with a 31% market share. However, Microsoft's Azure is outpacing AWS's growth and now commands a market share of 22%.</p><p><blockquote>据 Allied Market Research 报道，微软 (MSFT) 和亚马逊 (AMZN) 正在争夺云基础设施服务市场令人垂涎的第一名，预计云基础设施服务市场将从 2021 年的 325B 美元增长到 2030 年的 1,620B 美元（或 1.6T 美元）。第二季度，亚马逊的 AWS 收入同比增长 37%（明显加速），继续以 31% 的市场份额引领云基础设施服务市场。然而，微软的 Azure 正在超过 AWS 的增长速度，目前占据 22% 的市场份额。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60b929cfb3eb06a50b14a942b980bd8d\" tg-width=\"640\" tg-height=\"349\" width=\"100%\" height=\"auto\"><span>Source: canalys.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：canalys.com</span></p></blockquote></p><p> In the last year or so, the coronavirus pandemic has led to increased cloud infrastructure services spending as workload migration and cloud-native application development accelerated. Naturally, Azure and AWS have emerged as prime beneficiaries of this transformational shift toward the cloud. Although the coronavirus pandemic has receded in previous months, businesses have continued to embrace the cloud, as evidenced by the $5B sequential (q/q) growth in cloud infrastructure services spending in Q2 2021.</p><p><blockquote>在过去一年左右的时间里，随着工作负载迁移和云原生应用程序开发的加速，冠状病毒疫情导致云基础设施服务支出增加。自然，Azure和AWS已经成为这种向云转型的主要受益者。尽管冠状病毒疫情在前几个月已经消退，但企业继续拥抱云，2021年Q2云基础设施服务支出连续（环比）增长50亿美元就证明了这一点。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab77f327d4b4f980b703dd05a727a8fd\" tg-width=\"640\" tg-height=\"349\" width=\"100%\" height=\"auto\"><span>Source: canalys.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：canalys.com</span></p></blockquote></p><p> Both Microsoft and Amazon are well-diversified big tech giants. However, the cloud opportunity is critical to their future successes. Today, Microsoft's Intelligent Cloud business makes up nearly ~37% of total revenues and ~40% of Microsoft's operating income, and these figures are expected to grow even further in the coming years. In relation to Amazon, AWS's revenues are a small fraction (13% in Q2 2021) of total sales. However, AWS contributes the majority of Amazon's operating income (~60%). And so, I'm not surprised with how ugly this battle is turning out to be. In recent times, we have witnessed dramatic instances such as&nbsp;Amazon's lawsuit&nbsp;for the $10B Jedi contract being awarded to Microsoft,Microsoft's protest&nbsp;to Government Accountability Office in relation to the $10B NSA contract awarded to Amazon, and a top AWS executive - Charlie Bell (once expected to be a successor to Andy Jassy as AWS CEO) -moving over to Microsoft. The competition between Amazon and Microsoft is fearsome. However, I can see ample room for multiple winners in the cloud services market.</p><p><blockquote>微软和亚马逊都是多元化的大型科技巨头。然而，云机会对他们未来的成功至关重要。如今，微软的智能云业务占总收入的近37%，占微软经营利润的40%，预计这些数字在未来几年还会进一步增长。与亚马逊相比，AWS 的收入仅占总销售额的一小部分（2021 年第二季度为 13%）。然而，AWS贡献了亚马逊的大部分经营利润（约60%）。所以，我对这场战斗变得如此丑陋并不感到惊讶。最近一段时间，我们目睹了一些戏剧性的例子，例如亚马逊就授予微软的 100 亿美元 Jedi 合同提起诉讼，微软就授予亚马逊的 100 亿美元 NSA 合同向政府问责局提出抗议，以及 AWS 高管 - Charlie Bell（曾经有望接替 Andy Jassy 担任 AWS 首席执行官） - 搬到微软。亚马逊和微软之间的竞争非常可怕。然而，我可以看到云服务市场有足够的空间容纳多个赢家。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7fd2cfae285856cb75e5ced740ef320\" tg-width=\"640\" tg-height=\"310\" width=\"100%\" height=\"auto\"><span>Source: Allied Market Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：联合市场研究</span></p></blockquote></p><p> With massive cloud services growth on the horizon, I expect both Microsoft and Amazon to deliver double-digit revenue growth over the coming decade. Several analysts have projected the cloud services business to become a commodity. However, profitability metrics for AWS and Microsoft's Intelligent Cloud show that it's clearly not a commodity business (at least for now). Azure has been gaining ground on AWS, but it's too soon to tell which of these tech titans will lead the cloud services market over the coming years.</p><p><blockquote>随着云服务的大规模增长即将到来，我预计微软和亚马逊在未来十年都将实现两位数的收入增长。一些分析师预测云服务业务将成为一种商品。然而，AWS 和微软智能云的盈利指标表明，它显然不是一项商品业务（至少目前如此）。Azure 在 AWS 上取得了进展，但现在判断这些科技巨头中的哪一个将在未来几年引领云服务市场还为时过早。</blockquote></p><p> Over the last 12 months, Microsoft has significantly outperformed Amazon in terms of creating shareholder wealth, as can be observed in the chart below. I attribute Microsoft's outperformance to a multitude of factors, including but not limited to stronger momentum in the cloud, the existence of a massive capital return program, and robust free cash flow generation.</p><p><blockquote>在过去的12个月里，微软在创造股东财富方面的表现明显优于亚马逊，如下图所示。我将微软的优异表现归因于多种因素，包括但不限于云领域更强的势头、大规模资本回报计划的存在以及强劲的自由现金流生成。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a47beb283bcc911ba9ad25c4c2c01f91\" tg-width=\"640\" tg-height=\"413\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> In today's article, I will share a comparative financial analysis to determine the better buy among Microsoft and Amazon. Furthermore, we will estimate the fair value and expected returns for both of these blue-chip companies based on the financial statement analysis conducted in this note.</p><p><blockquote>在今天的文章中，我将分享一个比较的财务分析，以确定微软和亚马逊之间更好的购买。此外，我们将根据本附注进行的财务报表分析估计该两家蓝筹公司的公允价值及预期回报。</blockquote></p><p></p><p> <b>Comparative Financial Analysis: Microsoft vs. Amazon</b></p><p><blockquote><b>比较财务分析：微软与亚马逊</b></blockquote></p><p> I think it's too early to call the cloud services market, and the winners will only be evident in due time. However, it's very likely that Amazon and Microsoft will be dominating this market in 2031. Now, Amazon and Microsoft may be competitors in the cloud, but they happen to be two very different companies with varied core competencies: Amazon - e-commerce, Microsoft - business, and consumer software. Let's carry out a comparative financial analysis to determine the better buy among Microsoft and Amazon.</p><p><blockquote>我认为现在看涨期权云服务市场还为时过早，赢家只有在适当的时候才会显而易见。然而，亚马逊和微软很有可能在2031年主导这个市场。现在，亚马逊和微软可能是云领域的竞争对手，但它们恰好是两家截然不同的公司，拥有不同的核心竞争力：亚马逊——电子商务、微软——商业和消费者软件。让我们进行比较财务分析，以确定微软和亚马逊之间更好的购买。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d675b34f8dc1b88db5722fa7be591b9f\" tg-width=\"640\" tg-height=\"478\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> In essence, Microsoft is a high-margin software and services business, while Amazon is a low-margin retail business with some higher-margin business lines such as AWS and Advertising. Since both Amazon and Microsoft are over-covered stocks, I don't think discussing their revenue mix would be of much value. However, let's look at the free cash flow generation of these blue-chip giants to understand their current business momentum.</p><p><blockquote>本质上，微软是一家高利润率的软件和服务业务，而亚马逊是一家低利润率的零售业务，拥有一些利润率较高的业务线，例如 AWS 和广告。由于亚马逊和微软都是被过度覆盖的股票，我认为讨论它们的收入组合没有太大价值。不过，让我们看看这些蓝筹巨头的自由现金流生成情况，了解它们目前的业务动能。</blockquote></p><p> After receiving a massive pandemic boost, Amazon's free cash flows have turned negative in the last two quarters as the company invests massive amounts of capital (capex spending) in driving future revenue growth. In Q2, Amazon missed revenue estimates by ~$2B, which is further evidence of Amazon losing business momentum. On the other hand, Microsoft's business momentum remained strong in Q2 as the company beat revenue expectations by ~$2B while generating record amounts of free cash flow over the last 12 months. Therefore, it's fair to say that Microsoft is outperforming Amazon for the time being.</p><p><blockquote>在受到疫情的巨大推动后，亚马逊的自由现金流在过去两个季度转为负值，因为该公司投入了大量资本（资本支出）来推动未来的收入增长。第二季度，亚马逊的收入低于预期约 20 亿美元，这进一步证明亚马逊正在失去业务动力。另一方面，微软第二季度的业务势头依然强劲，该公司的收入超出预期约 20 亿美元，同时在过去 12 个月中产生了创纪录的自由现金流。因此，可以公平地说，微软的表现暂时优于亚马逊。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0ed96043009b5528ed09d4e736d1833d\" tg-width=\"640\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> At the end of Q2, Microsoft had nearly $130B of cash and short-term investments on its balance sheet vs. financial debt of $58B (down from ~$90B debt in Dec'17). Over the last five years, Amazon's cash reserves have been building up, which now stand at ~$90B. However, the e-commerce giant has been increasing its debt load too, which has grown to $50B in Q2 2021.</p><p><blockquote>截至第二季度末，微软的资产负债表上有近 1300 亿美元的现金和短期投资，而金融债务为 580 亿美元（低于 2017 年 12 月的约 900 亿美元债务）。在过去的五年里，亚马逊的现金储备一直在增加，目前约为 $90B。然而，这家电子商务巨头也一直在增加其债务负担，2021 年第二季度已增长至 500 亿美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f8f27effc87360acc99c52dadd22af3\" tg-width=\"640\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> In terms of balance sheet strength, Microsoft is clearly in a better position compared to Amazon. Moreover, Microsoft's free cash flow generation is superior to Amazon right now. As you can see below, Microsoft is using its financial strength to execute a massive capital return program that consists of stock buybacks and dividends. Although Amazon lacks a capital return program today, it's only a matter of time before Amazon boasts one of the largest capital return programs among big tech companies. Therefore, Microsoft's advantage in this department may be short lived.</p><p><blockquote>就资产负债表实力而言，微软显然比亚马逊处于更有利的地位。此外，微软的自由现金流生成目前优于亚马逊。如下所示，微软正在利用其财务实力执行一项大规模的资本回报计划，其中包括股票回购和股息。尽管亚马逊目前缺乏资本回报计划，但亚马逊拥有大型科技公司中最大的资本回报计划之一只是时间问题。因此，微软在这一部门的优势可能昙花一现。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef388b2cab13ed222ddf2ba53ad6067f\" tg-width=\"640\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> While Microsoft returns the majority of its operational cash flows back to shareholders, Amazon is investing billions of dollars to drive future revenue (and, by extension, free cash flow) growth. In my opinion, Amazon will continue to outpace Microsoft's revenue growth over the next decade. As Amazon's faster-growing, higher-margin business lines, AWS and Advertising, contribute a larger share of Amazon's revenues over the coming years, its margins are expected to head higher. Hence, Amazon possesses the greater potential for revenue growth and margin expansion compared to Microsoft. To learn more about AWS and Amazon's Ads business, you may read the following notes:</p><p><blockquote>虽然微软将大部分运营现金流返还给股东，但亚马逊正在投资数十亿美元来推动未来收入（以及自由现金流）的增长。在我看来，未来十年，亚马逊的收入增长将继续超过微软。随着亚马逊增长更快、利润率更高的业务线 AWS 和广告在未来几年占亚马逊收入的更大份额，其利润率预计将继续上升。因此，与微软相比，亚马逊拥有更大的收入增长和利润率扩张潜力。要了解有关 AWS 和亚马逊广告业务的更多信息，您可以阅读以下说明：</blockquote></p><p> <ol>  <li>Amazon Web Services -&nbsp;Amazon: Here's What You Should Be Monitoring</li>  <li>Digital Ads -&nbsp;Amazon: The 'Other' Segment May Be Worth More Than AWS</li> </ol> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18e9ff96d611913db9e45fbff0cc34ab\" tg-width=\"640\" tg-height=\"413\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><ol><li>Amazon Web Services - Amazon：以下是您应该监控的内容</li><li>数字广告 - 亚马逊：“其他”细分市场可能比 AWS 更有价值</li></ol><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> Although Amazon appears to be more expensive than Microsoft based on backward-looking trading multiples such as Price-to-Earnings and Price-to-FCF ratios, it's relatively cheaper than Microsoft when we factor in future growth as indicated by the PEG ratios.</p><p><blockquote>尽管根据市盈率和市盈率等回顾性交易倍数，亚马逊似乎比微软更贵，但当我们考虑 PEG 比率所示的未来增长时，亚马逊相对比微软便宜。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/68cf436c611eb187de68bf8802e73021\" tg-width=\"640\" tg-height=\"478\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p></p><p> In summary, Microsoft is currently performing better than Amazon. However, Amazon's future appears to be a lot brighter than Microsoft. Since the stock markets are forward-looking, I would expect Amazon to outperform Microsoft over the coming years if their relative valuations were identical. With that being said, let us now calculate the intrinsic value of both Microsoft and Amazon along with future expected returns for these tech giants.</p><p><blockquote>综上所述，微软目前的表现优于亚马逊。然而，亚马逊的未来似乎比微软光明得多。由于股市具有前瞻性，如果亚马逊的相对估值相同，我预计亚马逊在未来几年的表现将优于微软。话虽如此，现在让我们计算一下微软和亚马逊的内在价值，以及这些科技巨头未来的预期回报。</blockquote></p><p> Evaluating the Fair Value And Expected Return of Microsoft And Amazon</p><p><blockquote>评估微软和亚马逊的公允价值和预期回报</blockquote></p><p> To find the fair values of Microsoft and Amazon, we will employ our proprietary valuation model. Here's what it entails:</p><p><blockquote>为了确定微软和亚马逊的公允价值，我们将采用我们专有的估值模型。以下是它需要的内容：</blockquote></p><p> <ul>  <li>In step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.</p><p><blockquote><ul><li>在第一步中，我们使用传统的DCF模型，自由现金流被我们（股东）的资本成本贴现。</li></ul></blockquote></p><p></li>  <li>In step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).</p><p><blockquote><li>在步骤2中，该模型考虑了流通股变化（回购/稀释）的影响。</li></blockquote></p><p></li>  <li>In step 3, we normalize valuation for future growth prospects at the end of the 10 years. Then, we arrive at a CAGR using today's share price and the projected share price at the end of 10 years. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.</p><p><blockquote><li>在步骤 3 中，我们在 10 年末对未来增长前景进行估值标准化。然后，我们使用今天的股价和 10 年底的预计股价得出 CAGR。如果这比市场有足够的优势，我们就会投资。如果没有，我们等待更好的切入点。</li></blockquote></p><p></li>  <li>In step 4, we account for dividends.</li> </ul> <b>Assumptions:</b></p><p><blockquote><li>在步骤4中，我们考虑股息。</li><b>假设：</b></blockquote></p><p> <table>  <colgroup></colgroup>  <tbody>   <tr>    <td>Microsoft</p><p><blockquote><table><colgroup></colgroup><tbody><tr><td>微软</td></tr></tbody></table></blockquote></p><p></td>    <td>Amazon</p><p><blockquote><td>亚马逊</td></blockquote></p><p></td>   </tr>   <tr>    <td>Forward 12-month revenue [A]</p><p><blockquote><tr><td>远期 12 个月收入 [a]</td></tr></blockquote></p><p></td>    <td>$195 billion</p><p><blockquote><td>1950亿美元</td></blockquote></p><p></td>    <td>$515 billion</p><p><blockquote><td>5150亿美元</td></blockquote></p><p></td>   </tr>   <tr>    <td>Potential Free Cash Flow Margin [B]</p><p><blockquote><tr><td>潜在自由现金流量边际[B]</td></tr></blockquote></p><p></td>    <td>35%</p><p><blockquote><td>35%</td></blockquote></p><p></td>    <td>20%</p><p><blockquote><td>20%</td></blockquote></p><p></td>   </tr>   <tr>    <td>Average diluted shares outstanding [C]</p><p><blockquote><tr><td>平均稀释流通股 [C]</td></tr></blockquote></p><p></td>    <td>7.5 billion</p><p><blockquote><td>75亿</td></blockquote></p><p></td>    <td>525 million</p><p><blockquote><td>5.25亿</td></blockquote></p><p></td>   </tr>   <tr>    <td>Free cash flow per share [ D = (A * B) / C ]</p><p><blockquote><tr><td>每股自由现金流量[D=(a * B)/C]</td></tr></blockquote></p><p></td>    <td>$9.1</p><p><blockquote><td>$9.1</td></blockquote></p><p></td>    <td>$196.19</p><p><blockquote><td>$196.19</td></blockquote></p><p></td>   </tr>   <tr>    <td>Free cash flow per share growth rate</p><p><blockquote><tr><td>每股自由现金流增长率</td></tr></blockquote></p><p></td>    <td>10%</p><p><blockquote><td>10%</td></blockquote></p><p></td>    <td>12.5%</p><p><blockquote><td>12.5%</td></blockquote></p><p></td>   </tr>   <tr>    <td>Terminal growth rate</p><p><blockquote><tr><td>终端增长率</td></tr></blockquote></p><p></td>    <td>3%</p><p><blockquote><td>3%</td></blockquote></p><p></td>    <td>3%</p><p><blockquote><td>3%</td></blockquote></p><p></td>   </tr>   <tr>    <td>Years of elevated growth</p><p><blockquote><tr><td>多年来的高速增长</td></tr></blockquote></p><p></td>    <td>10</p><p><blockquote><td>10</td></blockquote></p><p></td>    <td>10</p><p><blockquote><td>10</td></blockquote></p><p></td>   </tr>   <tr>    <td>Total years to stimulate</p><p><blockquote><tr><td>刺激总年数</td></tr></blockquote></p><p></td>    <td>100</p><p><blockquote><td>100</td></blockquote></p><p></td>    <td>100</p><p><blockquote><td>100</td></blockquote></p><p></td>   </tr>   <tr>    <td>Discount Rate (Our \"Next Best Alternative\")</p><p><blockquote><tr><td>贴现率（我们的“下一个最佳选择”）</td></tr></blockquote></p><p></td>    <td>9.8%</p><p><blockquote><td>9.8%</td></blockquote></p><p></td>    <td>9.8%</p><p><blockquote><td>9.8%</td></blockquote></p><p></td>   </tr>  </tbody> </table> <b>Results:</b></p><p><blockquote><b>结果：</b></blockquote></p><p> 1) Microsoft:</p><p><blockquote>1）微软：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/875546f4aabbb1e580dcc9610c18a5b9\" tg-width=\"604\" tg-height=\"729\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8861dcb9fc1fbcd858297426ec52eaf6\" tg-width=\"606\" tg-height=\"771\" width=\"100%\" height=\"auto\"><span>Source: L.A. Stevens Valuation Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：洛杉矶史蒂文斯估值模型</span></p></blockquote></p><p> <b>2) Amazon:</b></p><p><blockquote><b>2）亚马逊：</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/f8fb43ad416565a9768e919470e59bab\" tg-width=\"605\" tg-height=\"731\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a15de5a0494d4557b38c2290017588e9\" tg-width=\"609\" tg-height=\"430\" width=\"100%\" height=\"auto\"><span>Source: L.A. Stevens Valuation Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：洛杉矶史蒂文斯估值模型</span></p></blockquote></p><p> Summary of Results:</p><p><blockquote>结果总结：</blockquote></p><p> <table>  <tbody>   <tr>    <td><b>Current Price</b></td>    <td><b>Fair Value</b></td>    <td><b>Undervalued (-) or Overvalued (+)</b></td>    <td><b>2031 Share Price Target</b></td>    <td><b>Total Expected CAGR Return</b></td>    <td><b>Rating</b></td>   </tr>   <tr>    <td><b>Microsoft</b></td>    <td>$301</td>    <td>$295</td>    <td>+2.15%</td>    <td>$1101</td>    <td>14.71%</td>    <td><i>Modest Buy</i></td>   </tr>   <tr>    <td><b>Amazon</b></td>    <td>$3478</td>    <td>$6024</td>    <td>-42.27%</td>    <td>$22298</td>    <td>20.42%</td>    <td><i>Strong Buy</i></td>   </tr>  </tbody> </table> As you can see, Microsoft is slightly overvalued, and investors buying in at $301 can expect to generate CAGR returns of ~14.71% over the next decade, which is slightly below our investment hurdle rate of 15%. Since Microsoft's business fundamentals are robust, I rate it as a modest buy at this price. On the other hand, Amazon's business is facing near-term volatility, and business momentum looks shaky. However, Amazon's stock is deeply undervalued, and this is an opportunity for long-term investors to generate significant alpha. As Amazon's expected CAGR returns are much greater than my hurdle rate, I rate Amazon a strong buy. If I were to choose between Microsoft and Amazon based on business momentum (cloud and otherwise), I would have to go with Microsoft. However, Amazon's stock is massively undervalued while Microsoft is fairly valued. Considering the risk/reward available, I think Amazon is the better buy here.</p><p><blockquote><table><tbody><tr><td><b>当前价格</b></td><td><b>公允价值</b></td><td><b>低估（-）或高估（+）</b></td><td><b>2031年股价目标</b></td><td><b>总预期复合年增长率回报</b></td><td><b>评级</b></td></tr><tr><td><b>微软</b></td><td>$301</td><td>$295</td><td>+2.15%</td><td>$1101</td><td>14.71%</td><td><i>适度购买</i></td></tr><tr><td><b>亚马逊</b></td><td>$3478</td><td>$6024</td><td>-42.27%</td><td>$22298</td><td>20.42%</td><td><i>强力买入</i></td></tr></tbody></table>如您所见，微软的估值略有高估，以 301 美元买入的投资者预计未来十年的复合年增长率回报率约为 14.71%，略低于我们 15% 的投资门槛率。由于微软的业务基本面强劲，我认为这个价格值得适度买入。另一方面，亚马逊业务面临近期波动，业务势头看起来不稳定。然而，亚马逊的股票被严重低估，这是长期投资者产生可观阿尔法的机会。由于亚马逊的预期CAGR回报率远高于我的门槛率，我将亚马逊评为强力买入。如果让我根据业务势头（云和其他）在微软和亚马逊之间做出选择，我将不得不选择微软。然而，亚马逊的股票被严重低估，而微软的估值则相当合理。考虑到可用的风险/回报，我认为亚马逊是这里更好的购买。</blockquote></p><p> Key Takeaway: I rate Amazon a strong buy at $3,478 and Microsoft a modest buy at $301. Amazon is a better buy than Microsoft at this point in time.</p><p><blockquote>关键要点：我认为亚马逊值得强力买入，价格为 3,478 美元，微软值得适度买入，价格为 301 美元。在这个时候，亚马逊比微软更值得购买。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Vs. Microsoft: Two Cloud Computing Giants, One Winning Stock<blockquote>亚马逊 Vs. 微软：两大云计算巨头，一只获胜股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Vs. Microsoft: Two Cloud Computing Giants, One Winning Stock<blockquote>亚马逊 Vs. 微软：两大云计算巨头，一只获胜股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-09-09 11:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Microsoft's Azure continues to gain market share in the burgeoning cloud infrastructure services market. However, Amazon's AWS remains in the No.1 position.</li>  <li>Although the cloud wars are heating up, both Azure and AWS are performing exceptionally, growing at 51% y/y and 37% y/y, respectively.</li>  <li>The global cloud services market is poised to grow at a CAGR of ~15.8% until 2030 to become a $1.6T market. Therefore, cloud providers still have a long growth runway.</li>  <li>In this article, I share a comparative financial analysis for Microsoft and Amazon to determine the better buy.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/69eeb847ac2a68d9068ee3d90ae2ec5c\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Chip Somodevilla/Getty Images News</span></p><p><blockquote><ul><li>微软的Azure在蓬勃发展的云基础设施服务市场继续获得市场份额。然而，亚马逊的AWS仍然位居第一。</li><li>尽管云战争正在升温，但Azure和AWS的表现都非常出色，分别同比增长51%和37%。</li><li>到2030年，全球云服务市场有望以约15.8%的CAGR增长，成为1.6万亿美元的市场。因此，云提供商还有很长的成长跑道。</li><li>在这篇文章中，我分享了微软和亚马逊的比较财务分析，以确定更好的购买方式。</li></ul><p class=\"t-img-caption\"><span>奇普·索莫德维拉/盖蒂图片社新闻</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> Microsoft (MSFT) and Amazon (AMZN) are competing for the coveted No.1 spot in the cloud infrastructure services market, which is projected to grow from $325B in 2021 to $1,620B (or $1.6T) by 2030, according to areportby Allied Market Research. In Q2, Amazon's AWS revenues grew at 37% year-over-year (marked acceleration) as it continues to lead the cloud infrastructure services market with a 31% market share. However, Microsoft's Azure is outpacing AWS's growth and now commands a market share of 22%.</p><p><blockquote>据 Allied Market Research 报道，微软 (MSFT) 和亚马逊 (AMZN) 正在争夺云基础设施服务市场令人垂涎的第一名，预计云基础设施服务市场将从 2021 年的 325B 美元增长到 2030 年的 1,620B 美元（或 1.6T 美元）。第二季度，亚马逊的 AWS 收入同比增长 37%（明显加速），继续以 31% 的市场份额引领云基础设施服务市场。然而，微软的 Azure 正在超过 AWS 的增长速度，目前占据 22% 的市场份额。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60b929cfb3eb06a50b14a942b980bd8d\" tg-width=\"640\" tg-height=\"349\" width=\"100%\" height=\"auto\"><span>Source: canalys.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：canalys.com</span></p></blockquote></p><p> In the last year or so, the coronavirus pandemic has led to increased cloud infrastructure services spending as workload migration and cloud-native application development accelerated. Naturally, Azure and AWS have emerged as prime beneficiaries of this transformational shift toward the cloud. Although the coronavirus pandemic has receded in previous months, businesses have continued to embrace the cloud, as evidenced by the $5B sequential (q/q) growth in cloud infrastructure services spending in Q2 2021.</p><p><blockquote>在过去一年左右的时间里，随着工作负载迁移和云原生应用程序开发的加速，冠状病毒疫情导致云基础设施服务支出增加。自然，Azure和AWS已经成为这种向云转型的主要受益者。尽管冠状病毒疫情在前几个月已经消退，但企业继续拥抱云，2021年Q2云基础设施服务支出连续（环比）增长50亿美元就证明了这一点。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab77f327d4b4f980b703dd05a727a8fd\" tg-width=\"640\" tg-height=\"349\" width=\"100%\" height=\"auto\"><span>Source: canalys.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：canalys.com</span></p></blockquote></p><p> Both Microsoft and Amazon are well-diversified big tech giants. However, the cloud opportunity is critical to their future successes. Today, Microsoft's Intelligent Cloud business makes up nearly ~37% of total revenues and ~40% of Microsoft's operating income, and these figures are expected to grow even further in the coming years. In relation to Amazon, AWS's revenues are a small fraction (13% in Q2 2021) of total sales. However, AWS contributes the majority of Amazon's operating income (~60%). And so, I'm not surprised with how ugly this battle is turning out to be. In recent times, we have witnessed dramatic instances such as&nbsp;Amazon's lawsuit&nbsp;for the $10B Jedi contract being awarded to Microsoft,Microsoft's protest&nbsp;to Government Accountability Office in relation to the $10B NSA contract awarded to Amazon, and a top AWS executive - Charlie Bell (once expected to be a successor to Andy Jassy as AWS CEO) -moving over to Microsoft. The competition between Amazon and Microsoft is fearsome. However, I can see ample room for multiple winners in the cloud services market.</p><p><blockquote>微软和亚马逊都是多元化的大型科技巨头。然而，云机会对他们未来的成功至关重要。如今，微软的智能云业务占总收入的近37%，占微软经营利润的40%，预计这些数字在未来几年还会进一步增长。与亚马逊相比，AWS 的收入仅占总销售额的一小部分（2021 年第二季度为 13%）。然而，AWS贡献了亚马逊的大部分经营利润（约60%）。所以，我对这场战斗变得如此丑陋并不感到惊讶。最近一段时间，我们目睹了一些戏剧性的例子，例如亚马逊就授予微软的 100 亿美元 Jedi 合同提起诉讼，微软就授予亚马逊的 100 亿美元 NSA 合同向政府问责局提出抗议，以及 AWS 高管 - Charlie Bell（曾经有望接替 Andy Jassy 担任 AWS 首席执行官） - 搬到微软。亚马逊和微软之间的竞争非常可怕。然而，我可以看到云服务市场有足够的空间容纳多个赢家。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7fd2cfae285856cb75e5ced740ef320\" tg-width=\"640\" tg-height=\"310\" width=\"100%\" height=\"auto\"><span>Source: Allied Market Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：联合市场研究</span></p></blockquote></p><p> With massive cloud services growth on the horizon, I expect both Microsoft and Amazon to deliver double-digit revenue growth over the coming decade. Several analysts have projected the cloud services business to become a commodity. However, profitability metrics for AWS and Microsoft's Intelligent Cloud show that it's clearly not a commodity business (at least for now). Azure has been gaining ground on AWS, but it's too soon to tell which of these tech titans will lead the cloud services market over the coming years.</p><p><blockquote>随着云服务的大规模增长即将到来，我预计微软和亚马逊在未来十年都将实现两位数的收入增长。一些分析师预测云服务业务将成为一种商品。然而，AWS 和微软智能云的盈利指标表明，它显然不是一项商品业务（至少目前如此）。Azure 在 AWS 上取得了进展，但现在判断这些科技巨头中的哪一个将在未来几年引领云服务市场还为时过早。</blockquote></p><p> Over the last 12 months, Microsoft has significantly outperformed Amazon in terms of creating shareholder wealth, as can be observed in the chart below. I attribute Microsoft's outperformance to a multitude of factors, including but not limited to stronger momentum in the cloud, the existence of a massive capital return program, and robust free cash flow generation.</p><p><blockquote>在过去的12个月里，微软在创造股东财富方面的表现明显优于亚马逊，如下图所示。我将微软的优异表现归因于多种因素，包括但不限于云领域更强的势头、大规模资本回报计划的存在以及强劲的自由现金流生成。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a47beb283bcc911ba9ad25c4c2c01f91\" tg-width=\"640\" tg-height=\"413\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> In today's article, I will share a comparative financial analysis to determine the better buy among Microsoft and Amazon. Furthermore, we will estimate the fair value and expected returns for both of these blue-chip companies based on the financial statement analysis conducted in this note.</p><p><blockquote>在今天的文章中，我将分享一个比较的财务分析，以确定微软和亚马逊之间更好的购买。此外，我们将根据本附注进行的财务报表分析估计该两家蓝筹公司的公允价值及预期回报。</blockquote></p><p></p><p> <b>Comparative Financial Analysis: Microsoft vs. Amazon</b></p><p><blockquote><b>比较财务分析：微软与亚马逊</b></blockquote></p><p> I think it's too early to call the cloud services market, and the winners will only be evident in due time. However, it's very likely that Amazon and Microsoft will be dominating this market in 2031. Now, Amazon and Microsoft may be competitors in the cloud, but they happen to be two very different companies with varied core competencies: Amazon - e-commerce, Microsoft - business, and consumer software. Let's carry out a comparative financial analysis to determine the better buy among Microsoft and Amazon.</p><p><blockquote>我认为现在看涨期权云服务市场还为时过早，赢家只有在适当的时候才会显而易见。然而，亚马逊和微软很有可能在2031年主导这个市场。现在，亚马逊和微软可能是云领域的竞争对手，但它们恰好是两家截然不同的公司，拥有不同的核心竞争力：亚马逊——电子商务、微软——商业和消费者软件。让我们进行比较财务分析，以确定微软和亚马逊之间更好的购买。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d675b34f8dc1b88db5722fa7be591b9f\" tg-width=\"640\" tg-height=\"478\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> In essence, Microsoft is a high-margin software and services business, while Amazon is a low-margin retail business with some higher-margin business lines such as AWS and Advertising. Since both Amazon and Microsoft are over-covered stocks, I don't think discussing their revenue mix would be of much value. However, let's look at the free cash flow generation of these blue-chip giants to understand their current business momentum.</p><p><blockquote>本质上，微软是一家高利润率的软件和服务业务，而亚马逊是一家低利润率的零售业务，拥有一些利润率较高的业务线，例如 AWS 和广告。由于亚马逊和微软都是被过度覆盖的股票，我认为讨论它们的收入组合没有太大价值。不过，让我们看看这些蓝筹巨头的自由现金流生成情况，了解它们目前的业务动能。</blockquote></p><p> After receiving a massive pandemic boost, Amazon's free cash flows have turned negative in the last two quarters as the company invests massive amounts of capital (capex spending) in driving future revenue growth. In Q2, Amazon missed revenue estimates by ~$2B, which is further evidence of Amazon losing business momentum. On the other hand, Microsoft's business momentum remained strong in Q2 as the company beat revenue expectations by ~$2B while generating record amounts of free cash flow over the last 12 months. Therefore, it's fair to say that Microsoft is outperforming Amazon for the time being.</p><p><blockquote>在受到疫情的巨大推动后，亚马逊的自由现金流在过去两个季度转为负值，因为该公司投入了大量资本（资本支出）来推动未来的收入增长。第二季度，亚马逊的收入低于预期约 20 亿美元，这进一步证明亚马逊正在失去业务动力。另一方面，微软第二季度的业务势头依然强劲，该公司的收入超出预期约 20 亿美元，同时在过去 12 个月中产生了创纪录的自由现金流。因此，可以公平地说，微软的表现暂时优于亚马逊。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0ed96043009b5528ed09d4e736d1833d\" tg-width=\"640\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> At the end of Q2, Microsoft had nearly $130B of cash and short-term investments on its balance sheet vs. financial debt of $58B (down from ~$90B debt in Dec'17). Over the last five years, Amazon's cash reserves have been building up, which now stand at ~$90B. However, the e-commerce giant has been increasing its debt load too, which has grown to $50B in Q2 2021.</p><p><blockquote>截至第二季度末，微软的资产负债表上有近 1300 亿美元的现金和短期投资，而金融债务为 580 亿美元（低于 2017 年 12 月的约 900 亿美元债务）。在过去的五年里，亚马逊的现金储备一直在增加，目前约为 $90B。然而，这家电子商务巨头也一直在增加其债务负担，2021 年第二季度已增长至 500 亿美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f8f27effc87360acc99c52dadd22af3\" tg-width=\"640\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> In terms of balance sheet strength, Microsoft is clearly in a better position compared to Amazon. Moreover, Microsoft's free cash flow generation is superior to Amazon right now. As you can see below, Microsoft is using its financial strength to execute a massive capital return program that consists of stock buybacks and dividends. Although Amazon lacks a capital return program today, it's only a matter of time before Amazon boasts one of the largest capital return programs among big tech companies. Therefore, Microsoft's advantage in this department may be short lived.</p><p><blockquote>就资产负债表实力而言，微软显然比亚马逊处于更有利的地位。此外，微软的自由现金流生成目前优于亚马逊。如下所示，微软正在利用其财务实力执行一项大规模的资本回报计划，其中包括股票回购和股息。尽管亚马逊目前缺乏资本回报计划，但亚马逊拥有大型科技公司中最大的资本回报计划之一只是时间问题。因此，微软在这一部门的优势可能昙花一现。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef388b2cab13ed222ddf2ba53ad6067f\" tg-width=\"640\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> While Microsoft returns the majority of its operational cash flows back to shareholders, Amazon is investing billions of dollars to drive future revenue (and, by extension, free cash flow) growth. In my opinion, Amazon will continue to outpace Microsoft's revenue growth over the next decade. As Amazon's faster-growing, higher-margin business lines, AWS and Advertising, contribute a larger share of Amazon's revenues over the coming years, its margins are expected to head higher. Hence, Amazon possesses the greater potential for revenue growth and margin expansion compared to Microsoft. To learn more about AWS and Amazon's Ads business, you may read the following notes:</p><p><blockquote>虽然微软将大部分运营现金流返还给股东，但亚马逊正在投资数十亿美元来推动未来收入（以及自由现金流）的增长。在我看来，未来十年，亚马逊的收入增长将继续超过微软。随着亚马逊增长更快、利润率更高的业务线 AWS 和广告在未来几年占亚马逊收入的更大份额，其利润率预计将继续上升。因此，与微软相比，亚马逊拥有更大的收入增长和利润率扩张潜力。要了解有关 AWS 和亚马逊广告业务的更多信息，您可以阅读以下说明：</blockquote></p><p> <ol>  <li>Amazon Web Services -&nbsp;Amazon: Here's What You Should Be Monitoring</li>  <li>Digital Ads -&nbsp;Amazon: The 'Other' Segment May Be Worth More Than AWS</li> </ol> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18e9ff96d611913db9e45fbff0cc34ab\" tg-width=\"640\" tg-height=\"413\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><ol><li>Amazon Web Services - Amazon：以下是您应该监控的内容</li><li>数字广告 - 亚马逊：“其他”细分市场可能比 AWS 更有价值</li></ol><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> Although Amazon appears to be more expensive than Microsoft based on backward-looking trading multiples such as Price-to-Earnings and Price-to-FCF ratios, it's relatively cheaper than Microsoft when we factor in future growth as indicated by the PEG ratios.</p><p><blockquote>尽管根据市盈率和市盈率等回顾性交易倍数，亚马逊似乎比微软更贵，但当我们考虑 PEG 比率所示的未来增长时，亚马逊相对比微软便宜。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/68cf436c611eb187de68bf8802e73021\" tg-width=\"640\" tg-height=\"478\" width=\"100%\" height=\"auto\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p></p><p> In summary, Microsoft is currently performing better than Amazon. However, Amazon's future appears to be a lot brighter than Microsoft. Since the stock markets are forward-looking, I would expect Amazon to outperform Microsoft over the coming years if their relative valuations were identical. With that being said, let us now calculate the intrinsic value of both Microsoft and Amazon along with future expected returns for these tech giants.</p><p><blockquote>综上所述，微软目前的表现优于亚马逊。然而，亚马逊的未来似乎比微软光明得多。由于股市具有前瞻性，如果亚马逊的相对估值相同，我预计亚马逊在未来几年的表现将优于微软。话虽如此，现在让我们计算一下微软和亚马逊的内在价值，以及这些科技巨头未来的预期回报。</blockquote></p><p> Evaluating the Fair Value And Expected Return of Microsoft And Amazon</p><p><blockquote>评估微软和亚马逊的公允价值和预期回报</blockquote></p><p> To find the fair values of Microsoft and Amazon, we will employ our proprietary valuation model. Here's what it entails:</p><p><blockquote>为了确定微软和亚马逊的公允价值，我们将采用我们专有的估值模型。以下是它需要的内容：</blockquote></p><p> <ul>  <li>In step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.</p><p><blockquote><ul><li>在第一步中，我们使用传统的DCF模型，自由现金流被我们（股东）的资本成本贴现。</li></ul></blockquote></p><p></li>  <li>In step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).</p><p><blockquote><li>在步骤2中，该模型考虑了流通股变化（回购/稀释）的影响。</li></blockquote></p><p></li>  <li>In step 3, we normalize valuation for future growth prospects at the end of the 10 years. Then, we arrive at a CAGR using today's share price and the projected share price at the end of 10 years. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.</p><p><blockquote><li>在步骤 3 中，我们在 10 年末对未来增长前景进行估值标准化。然后，我们使用今天的股价和 10 年底的预计股价得出 CAGR。如果这比市场有足够的优势，我们就会投资。如果没有，我们等待更好的切入点。</li></blockquote></p><p></li>  <li>In step 4, we account for dividends.</li> </ul> <b>Assumptions:</b></p><p><blockquote><li>在步骤4中，我们考虑股息。</li><b>假设：</b></blockquote></p><p> <table>  <colgroup></colgroup>  <tbody>   <tr>    <td>Microsoft</p><p><blockquote><table><colgroup></colgroup><tbody><tr><td>微软</td></tr></tbody></table></blockquote></p><p></td>    <td>Amazon</p><p><blockquote><td>亚马逊</td></blockquote></p><p></td>   </tr>   <tr>    <td>Forward 12-month revenue [A]</p><p><blockquote><tr><td>远期 12 个月收入 [a]</td></tr></blockquote></p><p></td>    <td>$195 billion</p><p><blockquote><td>1950亿美元</td></blockquote></p><p></td>    <td>$515 billion</p><p><blockquote><td>5150亿美元</td></blockquote></p><p></td>   </tr>   <tr>    <td>Potential Free Cash Flow Margin [B]</p><p><blockquote><tr><td>潜在自由现金流量边际[B]</td></tr></blockquote></p><p></td>    <td>35%</p><p><blockquote><td>35%</td></blockquote></p><p></td>    <td>20%</p><p><blockquote><td>20%</td></blockquote></p><p></td>   </tr>   <tr>    <td>Average diluted shares outstanding [C]</p><p><blockquote><tr><td>平均稀释流通股 [C]</td></tr></blockquote></p><p></td>    <td>7.5 billion</p><p><blockquote><td>75亿</td></blockquote></p><p></td>    <td>525 million</p><p><blockquote><td>5.25亿</td></blockquote></p><p></td>   </tr>   <tr>    <td>Free cash flow per share [ D = (A * B) / C ]</p><p><blockquote><tr><td>每股自由现金流量[D=(a * B)/C]</td></tr></blockquote></p><p></td>    <td>$9.1</p><p><blockquote><td>$9.1</td></blockquote></p><p></td>    <td>$196.19</p><p><blockquote><td>$196.19</td></blockquote></p><p></td>   </tr>   <tr>    <td>Free cash flow per share growth rate</p><p><blockquote><tr><td>每股自由现金流增长率</td></tr></blockquote></p><p></td>    <td>10%</p><p><blockquote><td>10%</td></blockquote></p><p></td>    <td>12.5%</p><p><blockquote><td>12.5%</td></blockquote></p><p></td>   </tr>   <tr>    <td>Terminal growth rate</p><p><blockquote><tr><td>终端增长率</td></tr></blockquote></p><p></td>    <td>3%</p><p><blockquote><td>3%</td></blockquote></p><p></td>    <td>3%</p><p><blockquote><td>3%</td></blockquote></p><p></td>   </tr>   <tr>    <td>Years of elevated growth</p><p><blockquote><tr><td>多年来的高速增长</td></tr></blockquote></p><p></td>    <td>10</p><p><blockquote><td>10</td></blockquote></p><p></td>    <td>10</p><p><blockquote><td>10</td></blockquote></p><p></td>   </tr>   <tr>    <td>Total years to stimulate</p><p><blockquote><tr><td>刺激总年数</td></tr></blockquote></p><p></td>    <td>100</p><p><blockquote><td>100</td></blockquote></p><p></td>    <td>100</p><p><blockquote><td>100</td></blockquote></p><p></td>   </tr>   <tr>    <td>Discount Rate (Our \"Next Best Alternative\")</p><p><blockquote><tr><td>贴现率（我们的“下一个最佳选择”）</td></tr></blockquote></p><p></td>    <td>9.8%</p><p><blockquote><td>9.8%</td></blockquote></p><p></td>    <td>9.8%</p><p><blockquote><td>9.8%</td></blockquote></p><p></td>   </tr>  </tbody> </table> <b>Results:</b></p><p><blockquote><b>结果：</b></blockquote></p><p> 1) Microsoft:</p><p><blockquote>1）微软：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/875546f4aabbb1e580dcc9610c18a5b9\" tg-width=\"604\" tg-height=\"729\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8861dcb9fc1fbcd858297426ec52eaf6\" tg-width=\"606\" tg-height=\"771\" width=\"100%\" height=\"auto\"><span>Source: L.A. Stevens Valuation Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：洛杉矶史蒂文斯估值模型</span></p></blockquote></p><p> <b>2) Amazon:</b></p><p><blockquote><b>2）亚马逊：</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/f8fb43ad416565a9768e919470e59bab\" tg-width=\"605\" tg-height=\"731\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a15de5a0494d4557b38c2290017588e9\" tg-width=\"609\" tg-height=\"430\" width=\"100%\" height=\"auto\"><span>Source: L.A. Stevens Valuation Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：洛杉矶史蒂文斯估值模型</span></p></blockquote></p><p> Summary of Results:</p><p><blockquote>结果总结：</blockquote></p><p> <table>  <tbody>   <tr>    <td><b>Current Price</b></td>    <td><b>Fair Value</b></td>    <td><b>Undervalued (-) or Overvalued (+)</b></td>    <td><b>2031 Share Price Target</b></td>    <td><b>Total Expected CAGR Return</b></td>    <td><b>Rating</b></td>   </tr>   <tr>    <td><b>Microsoft</b></td>    <td>$301</td>    <td>$295</td>    <td>+2.15%</td>    <td>$1101</td>    <td>14.71%</td>    <td><i>Modest Buy</i></td>   </tr>   <tr>    <td><b>Amazon</b></td>    <td>$3478</td>    <td>$6024</td>    <td>-42.27%</td>    <td>$22298</td>    <td>20.42%</td>    <td><i>Strong Buy</i></td>   </tr>  </tbody> </table> As you can see, Microsoft is slightly overvalued, and investors buying in at $301 can expect to generate CAGR returns of ~14.71% over the next decade, which is slightly below our investment hurdle rate of 15%. Since Microsoft's business fundamentals are robust, I rate it as a modest buy at this price. On the other hand, Amazon's business is facing near-term volatility, and business momentum looks shaky. However, Amazon's stock is deeply undervalued, and this is an opportunity for long-term investors to generate significant alpha. As Amazon's expected CAGR returns are much greater than my hurdle rate, I rate Amazon a strong buy. If I were to choose between Microsoft and Amazon based on business momentum (cloud and otherwise), I would have to go with Microsoft. However, Amazon's stock is massively undervalued while Microsoft is fairly valued. Considering the risk/reward available, I think Amazon is the better buy here.</p><p><blockquote><table><tbody><tr><td><b>当前价格</b></td><td><b>公允价值</b></td><td><b>低估（-）或高估（+）</b></td><td><b>2031年股价目标</b></td><td><b>总预期复合年增长率回报</b></td><td><b>评级</b></td></tr><tr><td><b>微软</b></td><td>$301</td><td>$295</td><td>+2.15%</td><td>$1101</td><td>14.71%</td><td><i>适度购买</i></td></tr><tr><td><b>亚马逊</b></td><td>$3478</td><td>$6024</td><td>-42.27%</td><td>$22298</td><td>20.42%</td><td><i>强力买入</i></td></tr></tbody></table>如您所见，微软的估值略有高估，以 301 美元买入的投资者预计未来十年的复合年增长率回报率约为 14.71%，略低于我们 15% 的投资门槛率。由于微软的业务基本面强劲，我认为这个价格值得适度买入。另一方面，亚马逊业务面临近期波动，业务势头看起来不稳定。然而，亚马逊的股票被严重低估，这是长期投资者产生可观阿尔法的机会。由于亚马逊的预期CAGR回报率远高于我的门槛率，我将亚马逊评为强力买入。如果让我根据业务势头（云和其他）在微软和亚马逊之间做出选择，我将不得不选择微软。然而，亚马逊的股票被严重低估，而微软的估值则相当合理。考虑到可用的风险/回报，我认为亚马逊是这里更好的购买。</blockquote></p><p> Key Takeaway: I rate Amazon a strong buy at $3,478 and Microsoft a modest buy at $301. Amazon is a better buy than Microsoft at this point in time.</p><p><blockquote>关键要点：我认为亚马逊值得强力买入，价格为 3,478 美元，微软值得适度买入，价格为 301 美元。在这个时候，亚马逊比微软更值得购买。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4453940-amazon-vs-microsoft-two-cloud-computing-giants-one-winning-stock\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4453940-amazon-vs-microsoft-two-cloud-computing-giants-one-winning-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127517147","content_text":"Summary\n\nMicrosoft's Azure continues to gain market share in the burgeoning cloud infrastructure services market. However, Amazon's AWS remains in the No.1 position.\nAlthough the cloud wars are heating up, both Azure and AWS are performing exceptionally, growing at 51% y/y and 37% y/y, respectively.\nThe global cloud services market is poised to grow at a CAGR of ~15.8% until 2030 to become a $1.6T market. Therefore, cloud providers still have a long growth runway.\nIn this article, I share a comparative financial analysis for Microsoft and Amazon to determine the better buy.\n\nChip Somodevilla/Getty Images News\nIntroduction\nMicrosoft (MSFT) and Amazon (AMZN) are competing for the coveted No.1 spot in the cloud infrastructure services market, which is projected to grow from $325B in 2021 to $1,620B (or $1.6T) by 2030, according to areportby Allied Market Research. In Q2, Amazon's AWS revenues grew at 37% year-over-year (marked acceleration) as it continues to lead the cloud infrastructure services market with a 31% market share. However, Microsoft's Azure is outpacing AWS's growth and now commands a market share of 22%.\nSource: canalys.com\nIn the last year or so, the coronavirus pandemic has led to increased cloud infrastructure services spending as workload migration and cloud-native application development accelerated. Naturally, Azure and AWS have emerged as prime beneficiaries of this transformational shift toward the cloud. Although the coronavirus pandemic has receded in previous months, businesses have continued to embrace the cloud, as evidenced by the $5B sequential (q/q) growth in cloud infrastructure services spending in Q2 2021.\nSource: canalys.com\nBoth Microsoft and Amazon are well-diversified big tech giants. However, the cloud opportunity is critical to their future successes. Today, Microsoft's Intelligent Cloud business makes up nearly ~37% of total revenues and ~40% of Microsoft's operating income, and these figures are expected to grow even further in the coming years. In relation to Amazon, AWS's revenues are a small fraction (13% in Q2 2021) of total sales. However, AWS contributes the majority of Amazon's operating income (~60%). And so, I'm not surprised with how ugly this battle is turning out to be. In recent times, we have witnessed dramatic instances such as Amazon's lawsuit for the $10B Jedi contract being awarded to Microsoft,Microsoft's protest to Government Accountability Office in relation to the $10B NSA contract awarded to Amazon, and a top AWS executive - Charlie Bell (once expected to be a successor to Andy Jassy as AWS CEO) -moving over to Microsoft. The competition between Amazon and Microsoft is fearsome. However, I can see ample room for multiple winners in the cloud services market.\nSource: Allied Market Research\nWith massive cloud services growth on the horizon, I expect both Microsoft and Amazon to deliver double-digit revenue growth over the coming decade. Several analysts have projected the cloud services business to become a commodity. However, profitability metrics for AWS and Microsoft's Intelligent Cloud show that it's clearly not a commodity business (at least for now). Azure has been gaining ground on AWS, but it's too soon to tell which of these tech titans will lead the cloud services market over the coming years.\nOver the last 12 months, Microsoft has significantly outperformed Amazon in terms of creating shareholder wealth, as can be observed in the chart below. I attribute Microsoft's outperformance to a multitude of factors, including but not limited to stronger momentum in the cloud, the existence of a massive capital return program, and robust free cash flow generation.\nSource: YCharts\nIn today's article, I will share a comparative financial analysis to determine the better buy among Microsoft and Amazon. Furthermore, we will estimate the fair value and expected returns for both of these blue-chip companies based on the financial statement analysis conducted in this note.\nComparative Financial Analysis: Microsoft vs. Amazon\nI think it's too early to call the cloud services market, and the winners will only be evident in due time. However, it's very likely that Amazon and Microsoft will be dominating this market in 2031. Now, Amazon and Microsoft may be competitors in the cloud, but they happen to be two very different companies with varied core competencies: Amazon - e-commerce, Microsoft - business, and consumer software. Let's carry out a comparative financial analysis to determine the better buy among Microsoft and Amazon.\nSource: YCharts\nIn essence, Microsoft is a high-margin software and services business, while Amazon is a low-margin retail business with some higher-margin business lines such as AWS and Advertising. Since both Amazon and Microsoft are over-covered stocks, I don't think discussing their revenue mix would be of much value. However, let's look at the free cash flow generation of these blue-chip giants to understand their current business momentum.\nAfter receiving a massive pandemic boost, Amazon's free cash flows have turned negative in the last two quarters as the company invests massive amounts of capital (capex spending) in driving future revenue growth. In Q2, Amazon missed revenue estimates by ~$2B, which is further evidence of Amazon losing business momentum. On the other hand, Microsoft's business momentum remained strong in Q2 as the company beat revenue expectations by ~$2B while generating record amounts of free cash flow over the last 12 months. Therefore, it's fair to say that Microsoft is outperforming Amazon for the time being.\nSource: YCharts\nAt the end of Q2, Microsoft had nearly $130B of cash and short-term investments on its balance sheet vs. financial debt of $58B (down from ~$90B debt in Dec'17). Over the last five years, Amazon's cash reserves have been building up, which now stand at ~$90B. However, the e-commerce giant has been increasing its debt load too, which has grown to $50B in Q2 2021.\nSource: YCharts\nIn terms of balance sheet strength, Microsoft is clearly in a better position compared to Amazon. Moreover, Microsoft's free cash flow generation is superior to Amazon right now. As you can see below, Microsoft is using its financial strength to execute a massive capital return program that consists of stock buybacks and dividends. Although Amazon lacks a capital return program today, it's only a matter of time before Amazon boasts one of the largest capital return programs among big tech companies. Therefore, Microsoft's advantage in this department may be short lived.\nSource: YCharts\nWhile Microsoft returns the majority of its operational cash flows back to shareholders, Amazon is investing billions of dollars to drive future revenue (and, by extension, free cash flow) growth. In my opinion, Amazon will continue to outpace Microsoft's revenue growth over the next decade. As Amazon's faster-growing, higher-margin business lines, AWS and Advertising, contribute a larger share of Amazon's revenues over the coming years, its margins are expected to head higher. Hence, Amazon possesses the greater potential for revenue growth and margin expansion compared to Microsoft. To learn more about AWS and Amazon's Ads business, you may read the following notes:\n\nAmazon Web Services - Amazon: Here's What You Should Be Monitoring\nDigital Ads - Amazon: The 'Other' Segment May Be Worth More Than AWS\n\nSource: YCharts\nAlthough Amazon appears to be more expensive than Microsoft based on backward-looking trading multiples such as Price-to-Earnings and Price-to-FCF ratios, it's relatively cheaper than Microsoft when we factor in future growth as indicated by the PEG ratios.\nSource: YCharts\nIn summary, Microsoft is currently performing better than Amazon. However, Amazon's future appears to be a lot brighter than Microsoft. Since the stock markets are forward-looking, I would expect Amazon to outperform Microsoft over the coming years if their relative valuations were identical. With that being said, let us now calculate the intrinsic value of both Microsoft and Amazon along with future expected returns for these tech giants.\nEvaluating the Fair Value And Expected Return of Microsoft And Amazon\nTo find the fair values of Microsoft and Amazon, we will employ our proprietary valuation model. Here's what it entails:\n\nIn step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.\nIn step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).\nIn step 3, we normalize valuation for future growth prospects at the end of the 10 years. Then, we arrive at a CAGR using today's share price and the projected share price at the end of 10 years. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.\nIn step 4, we account for dividends.\n\nAssumptions:\n\n\n\n\nMicrosoft\nAmazon\n\n\nForward 12-month revenue [A]\n$195 billion\n$515 billion\n\n\nPotential Free Cash Flow Margin [B]\n35%\n20%\n\n\nAverage diluted shares outstanding [C]\n7.5 billion\n525 million\n\n\nFree cash flow per share [ D = (A * B) / C ]\n$9.1\n$196.19\n\n\nFree cash flow per share growth rate\n10%\n12.5%\n\n\nTerminal growth rate\n3%\n3%\n\n\nYears of elevated growth\n10\n10\n\n\nTotal years to stimulate\n100\n100\n\n\nDiscount Rate (Our \"Next Best Alternative\")\n9.8%\n9.8%\n\n\n\nResults:\n1) Microsoft:\n\nSource: L.A. Stevens Valuation Model\n2) Amazon:\n\nSource: L.A. Stevens Valuation Model\nSummary of Results:\n\n\n\nCurrent Price\nFair Value\nUndervalued (-) or Overvalued (+)\n2031 Share Price Target\nTotal Expected CAGR Return\nRating\n\n\nMicrosoft\n$301\n$295\n+2.15%\n$1101\n14.71%\nModest Buy\n\n\nAmazon\n$3478\n$6024\n-42.27%\n$22298\n20.42%\nStrong Buy\n\n\n\nAs you can see, Microsoft is slightly overvalued, and investors buying in at $301 can expect to generate CAGR returns of ~14.71% over the next decade, which is slightly below our investment hurdle rate of 15%. Since Microsoft's business fundamentals are robust, I rate it as a modest buy at this price. On the other hand, Amazon's business is facing near-term volatility, and business momentum looks shaky. However, Amazon's stock is deeply undervalued, and this is an opportunity for long-term investors to generate significant alpha. As Amazon's expected CAGR returns are much greater than my hurdle rate, I rate Amazon a strong buy. If I were to choose between Microsoft and Amazon based on business momentum (cloud and otherwise), I would have to go with Microsoft. However, Amazon's stock is massively undervalued while Microsoft is fairly valued. Considering the risk/reward available, I think Amazon is the better buy here.\nKey Takeaway: I rate Amazon a strong buy at $3,478 and Microsoft a modest buy at $301. Amazon is a better buy than Microsoft at this point in time.","news_type":1,"symbols_score_info":{"MSFT":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":3137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819275266,"gmtCreate":1630074843555,"gmtModify":1704955616467,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Go Cathie! [Bless]&nbsp;[Victory]&nbsp;","listText":"Go Cathie! [Bless]&nbsp;[Victory]&nbsp;","text":"Go Cathie! [Bless] [Victory]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/819275266","repostId":"1131568820","repostType":4,"isVote":1,"tweetType":1,"viewCount":2921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819273455,"gmtCreate":1630074673377,"gmtModify":1704955608882,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"[Miser]&nbsp;[Miser]&nbsp;","listText":"[Miser]&nbsp;[Miser]&nbsp;","text":"[Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819273455","repostId":"1144443028","repostType":4,"repost":{"id":"1144443028","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1630057477,"share":"https://www.laohu8.com/m/news/1144443028?lang=zh_CN&edition=full","pubTime":"2021-08-27 17:44","market":"us","language":"en","title":"Apple CEO Tim Cook Gets $750M In Shares From iPhone Maker And Cashes Them Out Almost Immediately<blockquote>苹果首席执行官蒂姆·库克从 iPhone 制造商那里获得了 7.5 亿美元的股票，并几乎立即兑现</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144443028","media":"Benzinga","summary":"Apple Tim Cook received more than five million shares in the technology giant this week as part of a","content":"<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b>&nbsp;<b>Tim Cook</b>&nbsp;received more than five million shares in the technology giant this week as part of a compensation package but sold most of the stock immediately for more than $750 million.</p><p><blockquote><b><a href=\"https://laohu8.com/S/AAPL\">苹果</a></b> <b>蒂姆·库克</b>作为薪酬方案的一部分，本周收到了这家科技巨头超过 500 万股股票，但立即以超过 7.5 亿美元的价格出售了大部分股票。</blockquote></p><p> <b>What Happened:</b>&nbsp;Cook received 5.04 million shares on Tuesday as the final part of a compensation package that he was awarded after he took over as CEO of Apple in 2011, according to a regulatory filing from Thursday.</p><p><blockquote><b>发生了什么：</b>根据周四提交的一份监管文件，库克周二获得了 504 万股股票，这是他 2011 年接任苹果首席执行官后获得的薪酬方案的最后一部分。</blockquote></p><p> The shares are worth $754 million, based on Apple’s closing stock price of $149.62 on Tuesday. However, Cook sold most of the shares over a period of two days for more than $750 million.</p><p><blockquote>根据苹果周二 149.62 美元的收盘价计算，这些股票价值为 7.54 亿美元。然而，库克在两天内以超过7.5亿美元的价格出售了大部分股份。</blockquote></p><p> Part of the Apple CEO’s compensation depended on how well Apple’s shares performed compared to other companies on the S&amp;P 500 stock index. Cook was eligible for the award as Apple’s total shareholder return&nbsp;was 191.83% over the last three years, as per the filing.</p><p><blockquote>苹果首席执行官的部分薪酬取决于苹果股票与标普500股票指数中其他公司相比的表现。根据文件，库克有资格获得该奖项，因为苹果在过去三年中的总股东回报率为 191.83%。</blockquote></p><p> <b>Why It Matters</b>: Last year, Cook received a new compensation package that runs through 2026.</p><p><blockquote><b>为什么它很重要</b>：去年，库克获得了一项新的薪酬方案，该方案将持续到 2026 年。</blockquote></p><p> Cook had said in 2015 that he plans to give away the vast majority of his wealth to charity. It was reported earlier this week that Cook&nbsp;donated more than $10 million&nbsp;in the iPhone maker’s stock to an undisclosed charity.</p><p><blockquote>库克曾在2015年表示，他计划将自己的绝大部分财富捐赠给慈善机构。本周早些时候有报道称，库克将这家 iPhone 制造商价值 1000 多万美元的股票捐赠给了一家未公开的慈善机构。</blockquote></p><p> <b>Price Action:</b>&nbsp;Apple shares closed almost 0.6% lower in Thursday’s regular trading session at $147.54, but rose less than 0.1% in the after-hours session to $147.58.</p><p><blockquote><b>价格行为：</b>苹果股价在周四的常规交易时段收盘下跌近0.6%，报147.54美元，但在盘后交易时段上涨不到0.1%，报147.58美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple CEO Tim Cook Gets $750M In Shares From iPhone Maker And Cashes Them Out Almost Immediately<blockquote>苹果首席执行官蒂姆·库克从 iPhone 制造商那里获得了 7.5 亿美元的股票，并几乎立即兑现</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple CEO Tim Cook Gets $750M In Shares From iPhone Maker And Cashes Them Out Almost Immediately<blockquote>苹果首席执行官蒂姆·库克从 iPhone 制造商那里获得了 7.5 亿美元的股票，并几乎立即兑现</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-08-27 17:44</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b>&nbsp;<b>Tim Cook</b>&nbsp;received more than five million shares in the technology giant this week as part of a compensation package but sold most of the stock immediately for more than $750 million.</p><p><blockquote><b><a href=\"https://laohu8.com/S/AAPL\">苹果</a></b> <b>蒂姆·库克</b>作为薪酬方案的一部分，本周收到了这家科技巨头超过 500 万股股票，但立即以超过 7.5 亿美元的价格出售了大部分股票。</blockquote></p><p> <b>What Happened:</b>&nbsp;Cook received 5.04 million shares on Tuesday as the final part of a compensation package that he was awarded after he took over as CEO of Apple in 2011, according to a regulatory filing from Thursday.</p><p><blockquote><b>发生了什么：</b>根据周四提交的一份监管文件，库克周二获得了 504 万股股票，这是他 2011 年接任苹果首席执行官后获得的薪酬方案的最后一部分。</blockquote></p><p> The shares are worth $754 million, based on Apple’s closing stock price of $149.62 on Tuesday. However, Cook sold most of the shares over a period of two days for more than $750 million.</p><p><blockquote>根据苹果周二 149.62 美元的收盘价计算，这些股票价值为 7.54 亿美元。然而，库克在两天内以超过7.5亿美元的价格出售了大部分股份。</blockquote></p><p> Part of the Apple CEO’s compensation depended on how well Apple’s shares performed compared to other companies on the S&amp;P 500 stock index. Cook was eligible for the award as Apple’s total shareholder return&nbsp;was 191.83% over the last three years, as per the filing.</p><p><blockquote>苹果首席执行官的部分薪酬取决于苹果股票与标普500股票指数中其他公司相比的表现。根据文件，库克有资格获得该奖项，因为苹果在过去三年中的总股东回报率为 191.83%。</blockquote></p><p> <b>Why It Matters</b>: Last year, Cook received a new compensation package that runs through 2026.</p><p><blockquote><b>为什么它很重要</b>：去年，库克获得了一项新的薪酬方案，该方案将持续到 2026 年。</blockquote></p><p> Cook had said in 2015 that he plans to give away the vast majority of his wealth to charity. It was reported earlier this week that Cook&nbsp;donated more than $10 million&nbsp;in the iPhone maker’s stock to an undisclosed charity.</p><p><blockquote>库克曾在2015年表示，他计划将自己的绝大部分财富捐赠给慈善机构。本周早些时候有报道称，库克将这家 iPhone 制造商价值 1000 多万美元的股票捐赠给了一家未公开的慈善机构。</blockquote></p><p> <b>Price Action:</b>&nbsp;Apple shares closed almost 0.6% lower in Thursday’s regular trading session at $147.54, but rose less than 0.1% in the after-hours session to $147.58.</p><p><blockquote><b>价格行为：</b>苹果股价在周四的常规交易时段收盘下跌近0.6%，报147.54美元，但在盘后交易时段上涨不到0.1%，报147.58美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144443028","content_text":"Apple Tim Cook received more than five million shares in the technology giant this week as part of a compensation package but sold most of the stock immediately for more than $750 million.\nWhat Happened: Cook received 5.04 million shares on Tuesday as the final part of a compensation package that he was awarded after he took over as CEO of Apple in 2011, according to a regulatory filing from Thursday.\nThe shares are worth $754 million, based on Apple’s closing stock price of $149.62 on Tuesday. However, Cook sold most of the shares over a period of two days for more than $750 million.\nPart of the Apple CEO’s compensation depended on how well Apple’s shares performed compared to other companies on the S&P 500 stock index. Cook was eligible for the award as Apple’s total shareholder return was 191.83% over the last three years, as per the filing.\nWhy It Matters: Last year, Cook received a new compensation package that runs through 2026.\nCook had said in 2015 that he plans to give away the vast majority of his wealth to charity. It was reported earlier this week that Cook donated more than $10 million in the iPhone maker’s stock to an undisclosed charity.\nPrice Action: Apple shares closed almost 0.6% lower in Thursday’s regular trading session at $147.54, but rose less than 0.1% in the after-hours session to $147.58.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819270370,"gmtCreate":1630074590590,"gmtModify":1704955604580,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819270370","repostId":"2162199960","repostType":4,"isVote":1,"tweetType":1,"viewCount":3800,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839388793,"gmtCreate":1629122374712,"gmtModify":1631890264847,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Good company good products","listText":"Good company good products","text":"Good company good products","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/839388793","repostId":"1111034903","repostType":4,"repost":{"id":"1111034903","kind":"news","pubTimestamp":1629099150,"share":"https://www.laohu8.com/m/news/1111034903?lang=zh_CN&edition=full","pubTime":"2021-08-16 15:32","market":"us","language":"en","title":"Apple’s Next iPhone Is Coming Soon. Here’s What to Expect.<blockquote>苹果的下一代iPhone即将上市。这是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111034903","media":"The Wall Street Journal","summary":"Analysts say camera improvements are the biggest changes hitting Apple’s coming smartphones. Otherwi","content":"<p>Analysts say camera improvements are the biggest changes hitting Apple’s coming smartphones. Otherwise, expect modest upgrades.</p><p><blockquote>分析师表示，摄像头的改进是苹果即将推出的智能手机的最大变化。否则，期待适度的升级。</blockquote></p><p> About to buy a new iPhone?Don’t. We expect&nbsp;Apple&nbsp;to announce new models sometime next month, as it does every year. And even if you aren’t interested in the latest and greatest, the company generally drops the price of some older models along with the new crop.</p><p><blockquote>即将购买新iPhone？不要。我们预计苹果将像每年一样在下个月的某个时候宣布新车型。即使您对最新、最棒的产品不感兴趣，该公司通常会降低一些旧型号和新产品的价格。</blockquote></p><p> Apple is, of course, hush-hush on what’s to come. A company spokeswoman declined to comment on future products. But iPhone production tends to be a leaky business, and I asked analysts who monitor Apple’s sales and supply chain to weigh in on the next iPhone.</p><p><blockquote>当然，苹果对即将发生的事情守口如瓶。公司发言人拒绝对未来的产品发表评论。但iPhone生产往往是一项漏洞百出的业务，我请监控苹果销售和供应链的分析师对下一代iPhone进行权衡。</blockquote></p><p> First, what will it be called? The iPhone 13? It’s a likely bet, since Apple skipped the iPhone 11S and went right to the 12.</p><p><blockquote>首先，它会叫什么？iPhone 13？这是一个可能的赌注，因为苹果跳过了iPhone 11S，直接进入了12。</blockquote></p><p> Some have hypothesized Apple might steer clear of the number because of superstition, the way some skyscrapers skip a 13th floor.A survey&nbsp;of 3,000 Apple users by Sell Cell, a used-electronics vendor, found that 18% would be put off by an iPhone 13. But Apple hasn’t shied away from naming software iOS 13 or selling a 13-inch MacBook.</p><p><blockquote>一些人假设苹果可能会因为迷信而避开这个数字，就像一些摩天大楼跳过13层一样。二手电子产品供应商Sell Cell对3,000名苹果用户进行的一项调查发现，18%的人会因为iPhone而推迟13。但苹果并没有回避将软件命名为iOS 13或销售13英寸MacBook。</blockquote></p><p> Whether it’s iPhone 13, iPhone 12S, iPhone 2021 or even iPhone (15th generation), there will be several new models this year. Here’s what you can expect from the coming device:</p><p><blockquote>无论是iPhone 13、iPhone 12S、iPhone 2021甚至iPhone（15代），今年都会有几款新机型出现。以下是您对即将推出的设备的期望：</blockquote></p><p> <b>Modest Changes</b></p><p><blockquote><b>适度变化</b></blockquote></p><p> “We’re in the 5G chapter of the iPhone, which is a multiyear chapter,” said Gene Munster, a managing partner and Apple analyst with venture-capital firm Loup Ventures. “It’s going to be pretty modest over years two and three.”</p><p><blockquote>风险投资公司Loup Ventures的管理合伙人兼苹果分析师吉恩·蒙斯特(Gene Munster)表示：“我们正处于iPhone的5G篇章，这是一个多年的篇章。”“第二年和第三年的情况会相当温和。”</blockquote></p><p> Last year was&nbsp;significant for the device. The iPhone 12 models—the first to support faster 5G cellular networks—got a redesign and gained two new sizes in&nbsp;the Mini&nbsp;and&nbsp;Pro Max. Apple typically follows a big update with a less noteworthy release. Mr. Munster said we’ll see incremental improvements: a faster processor, longer battery life and camera upgrades.</p><p><blockquote>去年对于该设备来说意义重大。iPhone 12机型是第一款支持更快5G蜂窝网络的机型，它进行了重新设计，并在Mini和Pro Max中增加了两种新尺寸。苹果通常会在一次大更新后发布一个不太值得注意的版本。蒙斯特先生说，我们将看到渐进式的改进：更快的处理器、更长的电池寿命和相机升级。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6147bbb135ac38b417c4707fb0f9b78\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Last year iPhone 12 models—the first to support faster 5G cellular networks—got a redesign and gained two new sizes.</span></p><p><blockquote><p class=\"t-img-caption\"><span>去年，iPhone 12机型（第一款支持更快5G蜂窝网络的机型）进行了重新设计，并增加了两种新尺寸。</span></p></blockquote></p><p> <b>Camera Improvements</b></p><p><blockquote><b>相机改进</b></blockquote></p><p> “There’s a pretty healthy set of rumors about the camera, which are true,” he said. “I believe that this will be Apple’s selling point this time around.”</p><p><blockquote>“关于这款相机有一系列相当健康的谣言，这些都是真的，”他说。“我相信这将是苹果这次的卖点。”</blockquote></p><p> Mr. Munster pointed to a&nbsp;Bloomberg story&nbsp;that reports the camera on the higher-end Pro and Pro Max models could support Portrait mode (where the background is artfully blurred) when shooting video, as well as a higher-quality video format. High-end&nbsp;Samsung&nbsp;Galaxy phones have been able to shoot portrait mode during video—called Video Live Focus—since 2019, with the Samsung Galaxy S10 5G.</p><p><blockquote>蒙斯特先生指出，彭博社的一篇报道称，高端Pro和Pro Max型号上的相机在拍摄视频时可以支持人像模式（背景被巧妙地模糊）以及更高质量的视频格式。自2019年以来，高端三星Galaxy手机已经能够在视频期间拍摄人像模式，称为视频实时对焦，三星Galaxy S10 5G。</blockquote></p><p> <b>One More Mini</b></p><p><blockquote><b>再来一个迷你</b></blockquote></p><p> Apple saw lackluster sales of the iPhone 12 Mini, which has a 5.4-inch screen.Counterpoint Intelligence Research Partners&nbsp;estimates that the Mini made up just 5% of total iPhone 12 sales in the quarter ending June 2021.Trendforce, a market research firm, reported that Apple halted iPhone 12 mini production.</p><p><blockquote>苹果5.4英寸屏幕的iPhone 12 mini销量低迷。Counterpoint Intelligence Research Partners估计，截至2021年6月的季度，mini仅占iPhone 12总销量的5%。市场研究公司Trendforce据报道，苹果停止了iPhone 12 mini的生产。</blockquote></p><p> However, Mr. Munster believes that we’ll see another Mini this year. “It’s a niche, but people in that niche tend to like them,” he said. This was welcome news to me. I happen to be in that niche—though I do think the small phone’s battery life could be much better.</p><p><blockquote>然而，明斯特先生相信今年我们会看到另一款Mini。“这是一个利基市场，但该利基市场的人们往往喜欢它们，”他说。这对我来说是个好消息。我碰巧在那个利基市场——尽管我确实认为小型手机的电池寿命可以更好。</blockquote></p><p> Adam Wears, an analyst at Juniper Research, agrees. He expects Apple will phase out the Mini in subsequent years, focusing instead on its standard and premium-tier Pro and Pro Max models, while the iPhone SE, with a 4.7-inch screen, becomes the lower-priced model.</p><p><blockquote>瞻博研究(Juniper Research)分析师亚当·韦尔斯(Adam Wears)对此表示同意。他预计苹果将在随后几年逐步淘汰Mini，转而专注于其标准和高端Pro和Pro Max型号，而配备4.7英寸屏幕的iPhone SE将成为价格较低的型号。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8c33d34b970f0851a8ee62ccb8497c9\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Apple CEO Tim Cook showed off the iPhone 12 Pro in October 2020.</span></p><p><blockquote><p class=\"t-img-caption\"><span>苹果首席执行官Tim Cook在2020年10月展示了iPhone 12 Pro。</span></p></blockquote></p><p> <b>Wider 5G Availability</b></p><p><blockquote><b>更广泛的5G可用性</b></blockquote></p><p> Mr. Wears also anticipates the next iPhone will expand the use of&nbsp;high-frequency millimeter-wave technology&nbsp;in handsets in more countries across Asia and Europe.</p><p><blockquote>Wears先生还预计，下一代iPhone将在亚洲和欧洲更多国家的手机中扩大高频毫米波技术的使用。</blockquote></p><p> The iPhone 12 globally supports the more conventional sub-6-gigahertz band, but the faster millimeter-wave antenna, which can’t travel long distances and is more susceptible to obstacles such as trees, is only available in iPhone models in the U.S.</p><p><blockquote>iPhone 12在全球范围内支持更传统的6千兆赫以下频段，但速度更快的毫米波天线无法长距离传播，更容易受到树木等障碍物的影响，仅在美国的iPhone机型中提供。</blockquote></p><p> Brian White, an analyst with Monness Crespi Hardt, agrees that the next iPhones will likely “further tap into this nascent global 5G ramp.”</p><p><blockquote>Monness Crespi Hardt分析师布莱恩·怀特(Brian White)也认为，下一代iPhone可能会“进一步利用这一新兴的全球5G增长”。</blockquote></p><p> <b>Shipping Delays</b></p><p><blockquote><b>运输延误</b></blockquote></p><p> Apple said it is affected by the disruption to the&nbsp;global supply of microprocessors. “We’re going to take it sort of one quarter at a time and, as you would guess, we’ll do everything we can to mitigate whatever set of circumstances we’re dealt,” Chief Executive Tim Cook told analysts during a public conference call last month.</p><p><blockquote>苹果表示，受到全球微处理器供应中断的影响。首席执行官蒂姆·库克(Tim Cook)在一次会议上对分析师表示：“我们将一次处理一个季度，正如您所猜测的那样，我们将尽一切努力缓解我们面临的任何情况。”上个月的公开电话会议。</blockquote></p><p></p><p> Mr. Munster said that while he expects the company to announce the phone in September with availability in October, he thinks most customers won’t receive devices until December.</p><p><blockquote>蒙斯特表示，虽然他预计该公司将在9月份发布这款手机，并在10月份上市，但他认为大多数客户要到12月份才能收到设备。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/881a288be0216567393e9fa6f1fc7f79\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Samsung recently announced two foldable devices: the Galaxy Z Flip3, left, and Galaxy Z Fold3.</span></p><p><blockquote><p class=\"t-img-caption\"><span>三星最近发布了两款可折叠设备：Galaxy Z Flip3（左）和Galaxy Z Fold3。</span></p></blockquote></p><p> <b>No Foldable—Yet</b></p><p><blockquote><b>还没有可折叠的</b></blockquote></p><p> “The chapter after 5G is foldable phones,” said Mr. Munster, who expects Apple to release that device in 2023. The competition in the space is heating up: Samsung recently announced two foldable devices, the&nbsp;Galaxy Z Fold3 and Galaxy Z Flip3. The former opens like a book and the latter works like an old-school flip phone, like the old Motorola Razr. The prediction that iPhones will eventually flip is reinforced by the fact that Samsung is one of Apple’s top display manufacturers.</p><p><blockquote>“5G之后的篇章是可折叠手机，”蒙斯特先生说，他预计苹果将在2023年发布该设备。该领域的竞争正在升温：三星最近发布了两款可折叠设备，Galaxy Z Fold3和Galaxy Z Flip3。前者像一本书一样打开，后者像老式翻盖手机一样工作，就像旧的摩托罗拉Razr。三星是苹果顶级显示器制造商之一，这一事实强化了iPhones最终将翻转的预测。</blockquote></p><p> My colleague Joanna Stern found a pattern in Samsung and Apple releases. The iPhone maker typically incorporates features&nbsp;two to three years after Samsung. And if that timeline is any indication, the iPhone is soon due for an in-screen fingerprint reader and a screen with a faster 120-hertz refresh rate for smoother animations.</p><p><blockquote>我的同事Joanna Stern在三星和苹果的版本中发现了一种模式。这家iPhone制造商通常会在三星之后两到三年整合一些功能。如果这个时间表有任何迹象的话，iPhone很快就会配备屏内指纹识别器和更快的120赫兹刷新率的屏幕，以实现更流畅的动画。</blockquote></p><p> Joanna reported that Apple has been working on in-screen fingerprint technology and has considered including Touch ID and Face ID on the same device, according to two former Apple employees. It probably won’t appear this year, however.</p><p><blockquote>Joanna报道称，据两名苹果前员工透露，苹果一直在研究屏内指纹技术，并考虑将Touch ID和Face ID包含在同一设备上。然而，今年可能不会出现。</blockquote></p><p> <b>What About Other Phones?</b></p><p><blockquote><b>其他手机呢？</b></blockquote></p><p> If you’re in the market for an upgrade, there are, of course, other options to consider.</p><p><blockquote>如果你想升级，当然还有其他选择可以考虑。</blockquote></p><p> Google already announced that its next Pixel 6 will run its own proprietary Google-designed chip and feature a new camera system. We’ll hear more details sometime this fall. Meanwhile, Samsung lowered the price of its recent foldables to $1,800 for the Fold ($200 less than its predecessor) and $1,000 for the smaller Flip (nearly $400 cheaper than last year’s model). And while&nbsp;the Galaxy S21is still probably the best overall Android purchase, Samsung will likely launch its next non-folding flagship Galaxy phones in early 2022.</p><p><blockquote>谷歌已经宣布，其下一代Pixel 6将运行谷歌设计的专有芯片，并采用新的相机系统。我们将在今年秋天的某个时候听到更多细节。与此同时，三星将其最新可折叠产品的价格降至1800美元（比前代产品便宜200美元），较小的Flip价格降至1000美元（比去年的型号便宜近400美元）。虽然Galaxy S21可能仍然是最好的Android产品，但三星可能会在2022年初推出下一款非折叠旗舰Galaxy手机。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple’s Next iPhone Is Coming Soon. Here’s What to Expect.<blockquote>苹果的下一代iPhone即将上市。这是可以期待的。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple’s Next iPhone Is Coming Soon. Here’s What to Expect.<blockquote>苹果的下一代iPhone即将上市。这是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-08-16 15:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Analysts say camera improvements are the biggest changes hitting Apple’s coming smartphones. Otherwise, expect modest upgrades.</p><p><blockquote>分析师表示，摄像头的改进是苹果即将推出的智能手机的最大变化。否则，期待适度的升级。</blockquote></p><p> About to buy a new iPhone?Don’t. We expect&nbsp;Apple&nbsp;to announce new models sometime next month, as it does every year. And even if you aren’t interested in the latest and greatest, the company generally drops the price of some older models along with the new crop.</p><p><blockquote>即将购买新iPhone？不要。我们预计苹果将像每年一样在下个月的某个时候宣布新车型。即使您对最新、最棒的产品不感兴趣，该公司通常会降低一些旧型号和新产品的价格。</blockquote></p><p> Apple is, of course, hush-hush on what’s to come. A company spokeswoman declined to comment on future products. But iPhone production tends to be a leaky business, and I asked analysts who monitor Apple’s sales and supply chain to weigh in on the next iPhone.</p><p><blockquote>当然，苹果对即将发生的事情守口如瓶。公司发言人拒绝对未来的产品发表评论。但iPhone生产往往是一项漏洞百出的业务，我请监控苹果销售和供应链的分析师对下一代iPhone进行权衡。</blockquote></p><p> First, what will it be called? The iPhone 13? It’s a likely bet, since Apple skipped the iPhone 11S and went right to the 12.</p><p><blockquote>首先，它会叫什么？iPhone 13？这是一个可能的赌注，因为苹果跳过了iPhone 11S，直接进入了12。</blockquote></p><p> Some have hypothesized Apple might steer clear of the number because of superstition, the way some skyscrapers skip a 13th floor.A survey&nbsp;of 3,000 Apple users by Sell Cell, a used-electronics vendor, found that 18% would be put off by an iPhone 13. But Apple hasn’t shied away from naming software iOS 13 or selling a 13-inch MacBook.</p><p><blockquote>一些人假设苹果可能会因为迷信而避开这个数字，就像一些摩天大楼跳过13层一样。二手电子产品供应商Sell Cell对3,000名苹果用户进行的一项调查发现，18%的人会因为iPhone而推迟13。但苹果并没有回避将软件命名为iOS 13或销售13英寸MacBook。</blockquote></p><p> Whether it’s iPhone 13, iPhone 12S, iPhone 2021 or even iPhone (15th generation), there will be several new models this year. Here’s what you can expect from the coming device:</p><p><blockquote>无论是iPhone 13、iPhone 12S、iPhone 2021甚至iPhone（15代），今年都会有几款新机型出现。以下是您对即将推出的设备的期望：</blockquote></p><p> <b>Modest Changes</b></p><p><blockquote><b>适度变化</b></blockquote></p><p> “We’re in the 5G chapter of the iPhone, which is a multiyear chapter,” said Gene Munster, a managing partner and Apple analyst with venture-capital firm Loup Ventures. “It’s going to be pretty modest over years two and three.”</p><p><blockquote>风险投资公司Loup Ventures的管理合伙人兼苹果分析师吉恩·蒙斯特(Gene Munster)表示：“我们正处于iPhone的5G篇章，这是一个多年的篇章。”“第二年和第三年的情况会相当温和。”</blockquote></p><p> Last year was&nbsp;significant for the device. The iPhone 12 models—the first to support faster 5G cellular networks—got a redesign and gained two new sizes in&nbsp;the Mini&nbsp;and&nbsp;Pro Max. Apple typically follows a big update with a less noteworthy release. Mr. Munster said we’ll see incremental improvements: a faster processor, longer battery life and camera upgrades.</p><p><blockquote>去年对于该设备来说意义重大。iPhone 12机型是第一款支持更快5G蜂窝网络的机型，它进行了重新设计，并在Mini和Pro Max中增加了两种新尺寸。苹果通常会在一次大更新后发布一个不太值得注意的版本。蒙斯特先生说，我们将看到渐进式的改进：更快的处理器、更长的电池寿命和相机升级。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6147bbb135ac38b417c4707fb0f9b78\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Last year iPhone 12 models—the first to support faster 5G cellular networks—got a redesign and gained two new sizes.</span></p><p><blockquote><p class=\"t-img-caption\"><span>去年，iPhone 12机型（第一款支持更快5G蜂窝网络的机型）进行了重新设计，并增加了两种新尺寸。</span></p></blockquote></p><p> <b>Camera Improvements</b></p><p><blockquote><b>相机改进</b></blockquote></p><p> “There’s a pretty healthy set of rumors about the camera, which are true,” he said. “I believe that this will be Apple’s selling point this time around.”</p><p><blockquote>“关于这款相机有一系列相当健康的谣言，这些都是真的，”他说。“我相信这将是苹果这次的卖点。”</blockquote></p><p> Mr. Munster pointed to a&nbsp;Bloomberg story&nbsp;that reports the camera on the higher-end Pro and Pro Max models could support Portrait mode (where the background is artfully blurred) when shooting video, as well as a higher-quality video format. High-end&nbsp;Samsung&nbsp;Galaxy phones have been able to shoot portrait mode during video—called Video Live Focus—since 2019, with the Samsung Galaxy S10 5G.</p><p><blockquote>蒙斯特先生指出，彭博社的一篇报道称，高端Pro和Pro Max型号上的相机在拍摄视频时可以支持人像模式（背景被巧妙地模糊）以及更高质量的视频格式。自2019年以来，高端三星Galaxy手机已经能够在视频期间拍摄人像模式，称为视频实时对焦，三星Galaxy S10 5G。</blockquote></p><p> <b>One More Mini</b></p><p><blockquote><b>再来一个迷你</b></blockquote></p><p> Apple saw lackluster sales of the iPhone 12 Mini, which has a 5.4-inch screen.Counterpoint Intelligence Research Partners&nbsp;estimates that the Mini made up just 5% of total iPhone 12 sales in the quarter ending June 2021.Trendforce, a market research firm, reported that Apple halted iPhone 12 mini production.</p><p><blockquote>苹果5.4英寸屏幕的iPhone 12 mini销量低迷。Counterpoint Intelligence Research Partners估计，截至2021年6月的季度，mini仅占iPhone 12总销量的5%。市场研究公司Trendforce据报道，苹果停止了iPhone 12 mini的生产。</blockquote></p><p> However, Mr. Munster believes that we’ll see another Mini this year. “It’s a niche, but people in that niche tend to like them,” he said. This was welcome news to me. I happen to be in that niche—though I do think the small phone’s battery life could be much better.</p><p><blockquote>然而，明斯特先生相信今年我们会看到另一款Mini。“这是一个利基市场，但该利基市场的人们往往喜欢它们，”他说。这对我来说是个好消息。我碰巧在那个利基市场——尽管我确实认为小型手机的电池寿命可以更好。</blockquote></p><p> Adam Wears, an analyst at Juniper Research, agrees. He expects Apple will phase out the Mini in subsequent years, focusing instead on its standard and premium-tier Pro and Pro Max models, while the iPhone SE, with a 4.7-inch screen, becomes the lower-priced model.</p><p><blockquote>瞻博研究(Juniper Research)分析师亚当·韦尔斯(Adam Wears)对此表示同意。他预计苹果将在随后几年逐步淘汰Mini，转而专注于其标准和高端Pro和Pro Max型号，而配备4.7英寸屏幕的iPhone SE将成为价格较低的型号。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8c33d34b970f0851a8ee62ccb8497c9\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Apple CEO Tim Cook showed off the iPhone 12 Pro in October 2020.</span></p><p><blockquote><p class=\"t-img-caption\"><span>苹果首席执行官Tim Cook在2020年10月展示了iPhone 12 Pro。</span></p></blockquote></p><p> <b>Wider 5G Availability</b></p><p><blockquote><b>更广泛的5G可用性</b></blockquote></p><p> Mr. Wears also anticipates the next iPhone will expand the use of&nbsp;high-frequency millimeter-wave technology&nbsp;in handsets in more countries across Asia and Europe.</p><p><blockquote>Wears先生还预计，下一代iPhone将在亚洲和欧洲更多国家的手机中扩大高频毫米波技术的使用。</blockquote></p><p> The iPhone 12 globally supports the more conventional sub-6-gigahertz band, but the faster millimeter-wave antenna, which can’t travel long distances and is more susceptible to obstacles such as trees, is only available in iPhone models in the U.S.</p><p><blockquote>iPhone 12在全球范围内支持更传统的6千兆赫以下频段，但速度更快的毫米波天线无法长距离传播，更容易受到树木等障碍物的影响，仅在美国的iPhone机型中提供。</blockquote></p><p> Brian White, an analyst with Monness Crespi Hardt, agrees that the next iPhones will likely “further tap into this nascent global 5G ramp.”</p><p><blockquote>Monness Crespi Hardt分析师布莱恩·怀特(Brian White)也认为，下一代iPhone可能会“进一步利用这一新兴的全球5G增长”。</blockquote></p><p> <b>Shipping Delays</b></p><p><blockquote><b>运输延误</b></blockquote></p><p> Apple said it is affected by the disruption to the&nbsp;global supply of microprocessors. “We’re going to take it sort of one quarter at a time and, as you would guess, we’ll do everything we can to mitigate whatever set of circumstances we’re dealt,” Chief Executive Tim Cook told analysts during a public conference call last month.</p><p><blockquote>苹果表示，受到全球微处理器供应中断的影响。首席执行官蒂姆·库克(Tim Cook)在一次会议上对分析师表示：“我们将一次处理一个季度，正如您所猜测的那样，我们将尽一切努力缓解我们面临的任何情况。”上个月的公开电话会议。</blockquote></p><p></p><p> Mr. Munster said that while he expects the company to announce the phone in September with availability in October, he thinks most customers won’t receive devices until December.</p><p><blockquote>蒙斯特表示，虽然他预计该公司将在9月份发布这款手机，并在10月份上市，但他认为大多数客户要到12月份才能收到设备。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/881a288be0216567393e9fa6f1fc7f79\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Samsung recently announced two foldable devices: the Galaxy Z Flip3, left, and Galaxy Z Fold3.</span></p><p><blockquote><p class=\"t-img-caption\"><span>三星最近发布了两款可折叠设备：Galaxy Z Flip3（左）和Galaxy Z Fold3。</span></p></blockquote></p><p> <b>No Foldable—Yet</b></p><p><blockquote><b>还没有可折叠的</b></blockquote></p><p> “The chapter after 5G is foldable phones,” said Mr. Munster, who expects Apple to release that device in 2023. The competition in the space is heating up: Samsung recently announced two foldable devices, the&nbsp;Galaxy Z Fold3 and Galaxy Z Flip3. The former opens like a book and the latter works like an old-school flip phone, like the old Motorola Razr. The prediction that iPhones will eventually flip is reinforced by the fact that Samsung is one of Apple’s top display manufacturers.</p><p><blockquote>“5G之后的篇章是可折叠手机，”蒙斯特先生说，他预计苹果将在2023年发布该设备。该领域的竞争正在升温：三星最近发布了两款可折叠设备，Galaxy Z Fold3和Galaxy Z Flip3。前者像一本书一样打开，后者像老式翻盖手机一样工作，就像旧的摩托罗拉Razr。三星是苹果顶级显示器制造商之一，这一事实强化了iPhones最终将翻转的预测。</blockquote></p><p> My colleague Joanna Stern found a pattern in Samsung and Apple releases. The iPhone maker typically incorporates features&nbsp;two to three years after Samsung. And if that timeline is any indication, the iPhone is soon due for an in-screen fingerprint reader and a screen with a faster 120-hertz refresh rate for smoother animations.</p><p><blockquote>我的同事Joanna Stern在三星和苹果的版本中发现了一种模式。这家iPhone制造商通常会在三星之后两到三年整合一些功能。如果这个时间表有任何迹象的话，iPhone很快就会配备屏内指纹识别器和更快的120赫兹刷新率的屏幕，以实现更流畅的动画。</blockquote></p><p> Joanna reported that Apple has been working on in-screen fingerprint technology and has considered including Touch ID and Face ID on the same device, according to two former Apple employees. It probably won’t appear this year, however.</p><p><blockquote>Joanna报道称，据两名苹果前员工透露，苹果一直在研究屏内指纹技术，并考虑将Touch ID和Face ID包含在同一设备上。然而，今年可能不会出现。</blockquote></p><p> <b>What About Other Phones?</b></p><p><blockquote><b>其他手机呢？</b></blockquote></p><p> If you’re in the market for an upgrade, there are, of course, other options to consider.</p><p><blockquote>如果你想升级，当然还有其他选择可以考虑。</blockquote></p><p> Google already announced that its next Pixel 6 will run its own proprietary Google-designed chip and feature a new camera system. We’ll hear more details sometime this fall. Meanwhile, Samsung lowered the price of its recent foldables to $1,800 for the Fold ($200 less than its predecessor) and $1,000 for the smaller Flip (nearly $400 cheaper than last year’s model). And while&nbsp;the Galaxy S21is still probably the best overall Android purchase, Samsung will likely launch its next non-folding flagship Galaxy phones in early 2022.</p><p><blockquote>谷歌已经宣布，其下一代Pixel 6将运行谷歌设计的专有芯片，并采用新的相机系统。我们将在今年秋天的某个时候听到更多细节。与此同时，三星将其最新可折叠产品的价格降至1800美元（比前代产品便宜200美元），较小的Flip价格降至1000美元（比去年的型号便宜近400美元）。虽然Galaxy S21可能仍然是最好的Android产品，但三星可能会在2022年初推出下一款非折叠旗舰Galaxy手机。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/apples-next-iphone-is-coming-soon-heres-what-to-expect-11629032400?mod=hp_lead_pos10\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.wsj.com/articles/apples-next-iphone-is-coming-soon-heres-what-to-expect-11629032400?mod=hp_lead_pos10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111034903","content_text":"Analysts say camera improvements are the biggest changes hitting Apple’s coming smartphones. Otherwise, expect modest upgrades.\nAbout to buy a new iPhone?Don’t. We expect Apple to announce new models sometime next month, as it does every year. And even if you aren’t interested in the latest and greatest, the company generally drops the price of some older models along with the new crop.\nApple is, of course, hush-hush on what’s to come. A company spokeswoman declined to comment on future products. But iPhone production tends to be a leaky business, and I asked analysts who monitor Apple’s sales and supply chain to weigh in on the next iPhone.\nFirst, what will it be called? The iPhone 13? It’s a likely bet, since Apple skipped the iPhone 11S and went right to the 12.\nSome have hypothesized Apple might steer clear of the number because of superstition, the way some skyscrapers skip a 13th floor.A survey of 3,000 Apple users by Sell Cell, a used-electronics vendor, found that 18% would be put off by an iPhone 13. But Apple hasn’t shied away from naming software iOS 13 or selling a 13-inch MacBook.\nWhether it’s iPhone 13, iPhone 12S, iPhone 2021 or even iPhone (15th generation), there will be several new models this year. Here’s what you can expect from the coming device:\nModest Changes\n“We’re in the 5G chapter of the iPhone, which is a multiyear chapter,” said Gene Munster, a managing partner and Apple analyst with venture-capital firm Loup Ventures. “It’s going to be pretty modest over years two and three.”\nLast year was significant for the device. The iPhone 12 models—the first to support faster 5G cellular networks—got a redesign and gained two new sizes in the Mini and Pro Max. Apple typically follows a big update with a less noteworthy release. Mr. Munster said we’ll see incremental improvements: a faster processor, longer battery life and camera upgrades.\nLast year iPhone 12 models—the first to support faster 5G cellular networks—got a redesign and gained two new sizes.\nCamera Improvements\n“There’s a pretty healthy set of rumors about the camera, which are true,” he said. “I believe that this will be Apple’s selling point this time around.”\nMr. Munster pointed to a Bloomberg story that reports the camera on the higher-end Pro and Pro Max models could support Portrait mode (where the background is artfully blurred) when shooting video, as well as a higher-quality video format. High-end Samsung Galaxy phones have been able to shoot portrait mode during video—called Video Live Focus—since 2019, with the Samsung Galaxy S10 5G.\nOne More Mini\nApple saw lackluster sales of the iPhone 12 Mini, which has a 5.4-inch screen.Counterpoint Intelligence Research Partners estimates that the Mini made up just 5% of total iPhone 12 sales in the quarter ending June 2021.Trendforce, a market research firm, reported that Apple halted iPhone 12 mini production.\nHowever, Mr. Munster believes that we’ll see another Mini this year. “It’s a niche, but people in that niche tend to like them,” he said. This was welcome news to me. I happen to be in that niche—though I do think the small phone’s battery life could be much better.\nAdam Wears, an analyst at Juniper Research, agrees. He expects Apple will phase out the Mini in subsequent years, focusing instead on its standard and premium-tier Pro and Pro Max models, while the iPhone SE, with a 4.7-inch screen, becomes the lower-priced model.\nApple CEO Tim Cook showed off the iPhone 12 Pro in October 2020.\nWider 5G Availability\nMr. Wears also anticipates the next iPhone will expand the use of high-frequency millimeter-wave technology in handsets in more countries across Asia and Europe.\nThe iPhone 12 globally supports the more conventional sub-6-gigahertz band, but the faster millimeter-wave antenna, which can’t travel long distances and is more susceptible to obstacles such as trees, is only available in iPhone models in the U.S.\nBrian White, an analyst with Monness Crespi Hardt, agrees that the next iPhones will likely “further tap into this nascent global 5G ramp.”\nShipping Delays\nApple said it is affected by the disruption to the global supply of microprocessors. “We’re going to take it sort of one quarter at a time and, as you would guess, we’ll do everything we can to mitigate whatever set of circumstances we’re dealt,” Chief Executive Tim Cook told analysts during a public conference call last month.\nMr. Munster said that while he expects the company to announce the phone in September with availability in October, he thinks most customers won’t receive devices until December.\nSamsung recently announced two foldable devices: the Galaxy Z Flip3, left, and Galaxy Z Fold3.\nNo Foldable—Yet\n“The chapter after 5G is foldable phones,” said Mr. Munster, who expects Apple to release that device in 2023. The competition in the space is heating up: Samsung recently announced two foldable devices, the Galaxy Z Fold3 and Galaxy Z Flip3. The former opens like a book and the latter works like an old-school flip phone, like the old Motorola Razr. The prediction that iPhones will eventually flip is reinforced by the fact that Samsung is one of Apple’s top display manufacturers.\nMy colleague Joanna Stern found a pattern in Samsung and Apple releases. The iPhone maker typically incorporates features two to three years after Samsung. And if that timeline is any indication, the iPhone is soon due for an in-screen fingerprint reader and a screen with a faster 120-hertz refresh rate for smoother animations.\nJoanna reported that Apple has been working on in-screen fingerprint technology and has considered including Touch ID and Face ID on the same device, according to two former Apple employees. It probably won’t appear this year, however.\nWhat About Other Phones?\nIf you’re in the market for an upgrade, there are, of course, other options to consider.\nGoogle already announced that its next Pixel 6 will run its own proprietary Google-designed chip and feature a new camera system. We’ll hear more details sometime this fall. Meanwhile, Samsung lowered the price of its recent foldables to $1,800 for the Fold ($200 less than its predecessor) and $1,000 for the smaller Flip (nearly $400 cheaper than last year’s model). And while the Galaxy S21is still probably the best overall Android purchase, Samsung will likely launch its next non-folding flagship Galaxy phones in early 2022.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":4639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839381625,"gmtCreate":1629122331967,"gmtModify":1631890264849,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839381625","repostId":"1163741094","repostType":4,"repost":{"id":"1163741094","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1629100856,"share":"https://www.laohu8.com/m/news/1163741094?lang=zh_CN&edition=full","pubTime":"2021-08-16 16:00","market":"us","language":"en","title":"Watch For These New Product Launches From Apple This Fall: Mark Gurman<blockquote>关注苹果今年秋季推出的这些新产品：Mark Gurman</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163741094","media":"Benzinga","summary":"Apple is preparing to launch several new products this fall, including new iPhones, Apple Watches, u","content":"<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> is preparing to launch several new products this fall, including new&nbsp;<b>iPhones</b>,&nbsp;<b>Apple Watches</b>, updated&nbsp;<b>AirPods</b>, the revamped&nbsp;<b>iPad mini</b>&nbsp;and redesigned&nbsp;<b>MacBook Pros</b>, according to&nbsp;<b>Mark Gurman</b>, a leading Apple watcher.</p><p><blockquote><b><a href=\"https://laohu8.com/S/AAPL\">苹果</a></b>正准备在今年秋季推出几款新产品，包括新<b>iPhone</b>, <b>苹果手表</b>，已更新<b>AirPods</b>，改造后的<b>iPad mini</b>并重新设计<b>MacBook Pro</b>，根据<b>马克·古尔曼</b>一位著名的苹果观察家。</blockquote></p><p> <b>What Happened:</b>&nbsp;Apple will hold multiple events this year, with the first event likely in September, Gurmansaidin the latest edition of his “Power On” newsletter for Bloomberg.</p><p><blockquote><b>发生了什么：</b>苹果今年将举办多场活动，第一场活动可能在9月举行，古尔曼赛在他为彭博社撰写的最新一期“Power On”时事通讯中表示。</blockquote></p><p> Alongside the new iPhone 13 expected to be launched in September, Apple will likely launch third-generation AirPods, an updated iPad mini with thinner borders and complete redesign, and the Apple Watch Series 7 with updated screen technology and a faster processor.</p><p><blockquote>除了预计将于9月推出的新款iPhone 13，苹果还可能推出第三代AirPods、边框更薄、完全重新设计的更新iPad mini，以及采用更新屏幕技术和更快处理器的苹果Watch Series 7。</blockquote></p><p> In addition, Gurman noted that Apple’s revamped 14-inch and 16-inch MacBook Pros with the company's in-house M1X chip “should still go on sale by the time the current MacBook Pro hits its two-year anniversary.”</p><p><blockquote>此外，Gurman指出，苹果改进后的14英寸和16英寸MacBook Pro采用该公司内部M1X芯片，“在当前的MacBook Pro两周年纪念日之前应该仍会上市销售”。</blockquote></p><p> <b>Why It Matters:</b>&nbsp;Apple’s highly anticipated MacBook Pros are expected to feature mini-LED displays, updated designs, and the M1X Apple silicon chip. The 16-inch MacBook Pro was last updated in November of 2019.</p><p><blockquote><b>为什么重要：</b>苹果备受期待的MacBook Pros预计将采用迷你LED显示屏、更新的设计和M1X苹果硅芯片。16英寸MacBook Pro最后一次更新是在2019年11月。</blockquote></p><p> It was&nbsp;reported&nbsp;earlier this year that Apple is planning a major design upgrade to its MacBook Pro range of notebooks for the first time since the 2016 lineup. The new Pro series computers will come equipped with Apple’s own chips instead of the ones made by&nbsp;<b><a href=\"https://laohu8.com/S/INTC\">Intel</a></b>&nbsp;<b>Corporation</b>.</p><p><blockquote>今年早些时候有报道称，苹果正计划对其MacBook Pro系列笔记本电脑进行重大设计升级，这是自2016年阵容以来的首次。新的Pro系列电脑将配备苹果自己的芯片，而不是由<b><a href=\"https://laohu8.com/S/INTC\">英特尔</a></b> <b>公司</b>.</blockquote></p><p> In June, Gurman&nbsp;noted&nbsp;that Apple is exploring making future iPads with larger displays that would further blur the lines between the iPad Pro and the MacBook Pro, which is available with up to a 16-inch display.</p><p><blockquote>今年6月，古尔曼指出，苹果正在探索制造具有更大显示屏的未来iPad，这将进一步模糊iPad Pro和MacBook Pro之间的界限，MacBook Pro的显示屏高达16英寸。</blockquote></p><p> Apple had said in April it hasno plans to mergethe iPad and the Mac anytime soon, despite the inclusion of its in-house M1 chip in the latest iPad Pro models.</p><p><blockquote>苹果曾在4月份表示，尽管最新的iPad Pro型号中包含了其内部M1芯片，但它没有计划在短期内合并iPad和Mac。</blockquote></p><p> <b>Price Action:</b>&nbsp;Apple shares closed 0.1% higher in Friday’s trading at $149.10.</p><p><blockquote><b>价格走势：</b>苹果股价周五收盘上涨0.1%，至149.10美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Watch For These New Product Launches From Apple This Fall: Mark Gurman<blockquote>关注苹果今年秋季推出的这些新产品：Mark Gurman</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWatch For These New Product Launches From Apple This Fall: Mark Gurman<blockquote>关注苹果今年秋季推出的这些新产品：Mark Gurman</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-08-16 16:00</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> is preparing to launch several new products this fall, including new&nbsp;<b>iPhones</b>,&nbsp;<b>Apple Watches</b>, updated&nbsp;<b>AirPods</b>, the revamped&nbsp;<b>iPad mini</b>&nbsp;and redesigned&nbsp;<b>MacBook Pros</b>, according to&nbsp;<b>Mark Gurman</b>, a leading Apple watcher.</p><p><blockquote><b><a href=\"https://laohu8.com/S/AAPL\">苹果</a></b>正准备在今年秋季推出几款新产品，包括新<b>iPhone</b>, <b>苹果手表</b>，已更新<b>AirPods</b>，改造后的<b>iPad mini</b>并重新设计<b>MacBook Pro</b>，根据<b>马克·古尔曼</b>一位著名的苹果观察家。</blockquote></p><p> <b>What Happened:</b>&nbsp;Apple will hold multiple events this year, with the first event likely in September, Gurmansaidin the latest edition of his “Power On” newsletter for Bloomberg.</p><p><blockquote><b>发生了什么：</b>苹果今年将举办多场活动，第一场活动可能在9月举行，古尔曼赛在他为彭博社撰写的最新一期“Power On”时事通讯中表示。</blockquote></p><p> Alongside the new iPhone 13 expected to be launched in September, Apple will likely launch third-generation AirPods, an updated iPad mini with thinner borders and complete redesign, and the Apple Watch Series 7 with updated screen technology and a faster processor.</p><p><blockquote>除了预计将于9月推出的新款iPhone 13，苹果还可能推出第三代AirPods、边框更薄、完全重新设计的更新iPad mini，以及采用更新屏幕技术和更快处理器的苹果Watch Series 7。</blockquote></p><p> In addition, Gurman noted that Apple’s revamped 14-inch and 16-inch MacBook Pros with the company's in-house M1X chip “should still go on sale by the time the current MacBook Pro hits its two-year anniversary.”</p><p><blockquote>此外，Gurman指出，苹果改进后的14英寸和16英寸MacBook Pro采用该公司内部M1X芯片，“在当前的MacBook Pro两周年纪念日之前应该仍会上市销售”。</blockquote></p><p> <b>Why It Matters:</b>&nbsp;Apple’s highly anticipated MacBook Pros are expected to feature mini-LED displays, updated designs, and the M1X Apple silicon chip. The 16-inch MacBook Pro was last updated in November of 2019.</p><p><blockquote><b>为什么重要：</b>苹果备受期待的MacBook Pros预计将采用迷你LED显示屏、更新的设计和M1X苹果硅芯片。16英寸MacBook Pro最后一次更新是在2019年11月。</blockquote></p><p> It was&nbsp;reported&nbsp;earlier this year that Apple is planning a major design upgrade to its MacBook Pro range of notebooks for the first time since the 2016 lineup. The new Pro series computers will come equipped with Apple’s own chips instead of the ones made by&nbsp;<b><a href=\"https://laohu8.com/S/INTC\">Intel</a></b>&nbsp;<b>Corporation</b>.</p><p><blockquote>今年早些时候有报道称，苹果正计划对其MacBook Pro系列笔记本电脑进行重大设计升级，这是自2016年阵容以来的首次。新的Pro系列电脑将配备苹果自己的芯片，而不是由<b><a href=\"https://laohu8.com/S/INTC\">英特尔</a></b> <b>公司</b>.</blockquote></p><p> In June, Gurman&nbsp;noted&nbsp;that Apple is exploring making future iPads with larger displays that would further blur the lines between the iPad Pro and the MacBook Pro, which is available with up to a 16-inch display.</p><p><blockquote>今年6月，古尔曼指出，苹果正在探索制造具有更大显示屏的未来iPad，这将进一步模糊iPad Pro和MacBook Pro之间的界限，MacBook Pro的显示屏高达16英寸。</blockquote></p><p> Apple had said in April it hasno plans to mergethe iPad and the Mac anytime soon, despite the inclusion of its in-house M1 chip in the latest iPad Pro models.</p><p><blockquote>苹果曾在4月份表示，尽管最新的iPad Pro型号中包含了其内部M1芯片，但它没有计划在短期内合并iPad和Mac。</blockquote></p><p> <b>Price Action:</b>&nbsp;Apple shares closed 0.1% higher in Friday’s trading at $149.10.</p><p><blockquote><b>价格走势：</b>苹果股价周五收盘上涨0.1%，至149.10美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163741094","content_text":"Apple is preparing to launch several new products this fall, including new iPhones, Apple Watches, updated AirPods, the revamped iPad mini and redesigned MacBook Pros, according to Mark Gurman, a leading Apple watcher.\nWhat Happened: Apple will hold multiple events this year, with the first event likely in September, Gurmansaidin the latest edition of his “Power On” newsletter for Bloomberg.\nAlongside the new iPhone 13 expected to be launched in September, Apple will likely launch third-generation AirPods, an updated iPad mini with thinner borders and complete redesign, and the Apple Watch Series 7 with updated screen technology and a faster processor.\nIn addition, Gurman noted that Apple’s revamped 14-inch and 16-inch MacBook Pros with the company's in-house M1X chip “should still go on sale by the time the current MacBook Pro hits its two-year anniversary.”\nWhy It Matters: Apple’s highly anticipated MacBook Pros are expected to feature mini-LED displays, updated designs, and the M1X Apple silicon chip. The 16-inch MacBook Pro was last updated in November of 2019.\nIt was reported earlier this year that Apple is planning a major design upgrade to its MacBook Pro range of notebooks for the first time since the 2016 lineup. The new Pro series computers will come equipped with Apple’s own chips instead of the ones made by Intel Corporation.\nIn June, Gurman noted that Apple is exploring making future iPads with larger displays that would further blur the lines between the iPad Pro and the MacBook Pro, which is available with up to a 16-inch display.\nApple had said in April it hasno plans to mergethe iPad and the Mac anytime soon, despite the inclusion of its in-house M1 chip in the latest iPad Pro models.\nPrice Action: Apple shares closed 0.1% higher in Friday’s trading at $149.10.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":4166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890967756,"gmtCreate":1628077816775,"gmtModify":1631890264852,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Nice run","listText":"Nice run","text":"Nice run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/890967756","repostId":"1184521901","repostType":4,"repost":{"id":"1184521901","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1628070314,"share":"https://www.laohu8.com/m/news/1184521901?lang=zh_CN&edition=full","pubTime":"2021-08-04 17:45","market":"us","language":"en","title":"What Is Fueling The AMD Rally?<blockquote>是什么推动了 AMD 的反弹？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184521901","media":"Benzinga","summary":"Shares of Advanced Micro Devices Inc. AMD extended gains to a fifth straight day and closed 3.6% hig","content":"<p>Shares of&nbsp;<b>Advanced Micro Devices Inc.</b>&nbsp;<b><a href=\"https://laohu8.com/S/AMD\">AMD</a></b>&nbsp;extended gains to a fifth straight day and closed 3.6% higher in Tuesday’s regular trading session.</p><p><blockquote>股份<b>先进微设备公司。</b> <b><a href=\"https://laohu8.com/S/AMD\">AMD</a></b>在周二的常规交易时段，该公司连续第五天上涨，收盘上涨 3.6%。</blockquote></p><p> <b>What Happened</b>: Advanced Micro Devices shares also hit a new 52-week high of $114.85 on Tuesday after the chipmakerannouncedthe availability of its new AMD Radeon PRO W6000X series GPUs for&nbsp;<b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc.’s</b>&nbsp;Mac Pro desktop computers.</p><p><blockquote><b>发生了什么事</b>周二，芯片制造商 Advanced Micro Devices 宣布推出新的 AMD Radeon PRO W6000X 系列 GPU，该公司股价也创下 52 周新高 114.85 美元。<b><a href=\"https://laohu8.com/S/AAPL\">苹果</a>公司的</b>Mac Pro台式电脑。</blockquote></p><p> In addition, the company’s shares likely benefited after Bloombergreportedthat UK regulators may block rival chipmaker<b>Nvidia Corp.’s</b>NVDA$40 billion acquisition of UK-based chipmaker Arm Ltd. due to national security concerns.</p><p><blockquote>此外，在彭博社报道英国监管机构可能会封锁竞争对手芯片制造商后，该公司的股价可能会受益。<b>英伟达公司</b>出于国家安全考虑，NVDA 斥资 400 亿美元收购英国芯片制造商 Arm Ltd.。</blockquote></p><p> <b>Momentum From <a href=\"https://laohu8.com/S/QTWO\">Q2</a> Results:</b>&nbsp;AMD’s shares have been picked up momentum after the companyreportedbetter-than-expected second-quarter results last week.</p><p><blockquote><b>动量来自<a href=\"https://laohu8.com/S/QTWO\">第二季度</a>结果：</b>AMD 上周公布好于预期的第二季度业绩后，该公司股价势头强劲。</blockquote></p><p> <b>Retail Interest:</b>&nbsp;AMD is seeinghigh interestfrom retail investors and was the third-most discussed stock on Reddit’s r/WallStreetBets forum as of Tuesday night. The forum, which has 10.7 million users, is best known for driving the rally in&nbsp;<b><a href=\"https://laohu8.com/S/GME\">GameStop</a> Corp.</b>&nbsp;and other heavily shorted stocks earlier this year.</p><p><blockquote><b>零售利息：</b>截至周二晚，AMD 在 Reddit 的 r/WallStreetBets 论坛上的讨论量排名第三，散户投资者对此表现出浓厚的兴趣。该论坛拥有 1070 万用户，以推动拉力赛而闻名<b><a href=\"https://laohu8.com/S/GME\">游戏驿站</a>公司</b>以及今年早些时候被严重做空的其他股票。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/INTC\">Intel</a> Production Woes</b>: In June, CNBC host Cramernotedthat&nbsp;<b>Intel Corp.</b>&nbsp;delaying production of <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its newest chips, code-named Sapphire Rapids, was “another reason” to buy shares in AMD. The delay by Intel is seen as creating an opportunity for AMD to gain market share.</p><p><blockquote><b><a href=\"https://laohu8.com/S/INTC\">英特尔</a>生产困境</b>：6 月，CNBC 主持人克莱默指出<b>英特尔公司</b>延迟生产<a href=\"https://laohu8.com/S/AONE.U\">一</a>代号为 Sapphire Rapids 的最新芯片是购买 AMD 股票的 “另一个原因 ”。英特尔的延迟被视为为AMD获得市场份额创造了机会。</blockquote></p><p> <b>High-Profile <a href=\"https://laohu8.com/S/CUBI\">Customers</a></b>: AMD&nbsp;secured&nbsp;<b>Tesla Inc</b>.and<b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc.</b>&nbsp;subsidiary Google as its high-profile customers in June.</p><p><blockquote><b>高调<a href=\"https://laohu8.com/S/CUBI\">客户</a></b>：AMD安全<b>特斯拉公司</b>.和<b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>公司。</b>子公司谷歌作为其6月份备受瞩目的客户。</blockquote></p><p> <b>Price Action</b>: Advanced Micro Devices shares closed 3.6% higher in Tuesday’s regular trading session at $112.56.</p><p><blockquote><b>价格行为</b>: Advanced Micro Devices 股价在周二的常规交易时段收盘上涨 3.6%，报 112.56 美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Is Fueling The AMD Rally?<blockquote>是什么推动了 AMD 的反弹？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Is Fueling The AMD Rally?<blockquote>是什么推动了 AMD 的反弹？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-08-04 17:45</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Shares of&nbsp;<b>Advanced Micro Devices Inc.</b>&nbsp;<b><a href=\"https://laohu8.com/S/AMD\">AMD</a></b>&nbsp;extended gains to a fifth straight day and closed 3.6% higher in Tuesday’s regular trading session.</p><p><blockquote>股份<b>先进微设备公司。</b> <b><a href=\"https://laohu8.com/S/AMD\">AMD</a></b>在周二的常规交易时段，该公司连续第五天上涨，收盘上涨 3.6%。</blockquote></p><p> <b>What Happened</b>: Advanced Micro Devices shares also hit a new 52-week high of $114.85 on Tuesday after the chipmakerannouncedthe availability of its new AMD Radeon PRO W6000X series GPUs for&nbsp;<b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc.’s</b>&nbsp;Mac Pro desktop computers.</p><p><blockquote><b>发生了什么事</b>周二，芯片制造商 Advanced Micro Devices 宣布推出新的 AMD Radeon PRO W6000X 系列 GPU，该公司股价也创下 52 周新高 114.85 美元。<b><a href=\"https://laohu8.com/S/AAPL\">苹果</a>公司的</b>Mac Pro台式电脑。</blockquote></p><p> In addition, the company’s shares likely benefited after Bloombergreportedthat UK regulators may block rival chipmaker<b>Nvidia Corp.’s</b>NVDA$40 billion acquisition of UK-based chipmaker Arm Ltd. due to national security concerns.</p><p><blockquote>此外，在彭博社报道英国监管机构可能会封锁竞争对手芯片制造商后，该公司的股价可能会受益。<b>英伟达公司</b>出于国家安全考虑，NVDA 斥资 400 亿美元收购英国芯片制造商 Arm Ltd.。</blockquote></p><p> <b>Momentum From <a href=\"https://laohu8.com/S/QTWO\">Q2</a> Results:</b>&nbsp;AMD’s shares have been picked up momentum after the companyreportedbetter-than-expected second-quarter results last week.</p><p><blockquote><b>动量来自<a href=\"https://laohu8.com/S/QTWO\">第二季度</a>结果：</b>AMD 上周公布好于预期的第二季度业绩后，该公司股价势头强劲。</blockquote></p><p> <b>Retail Interest:</b>&nbsp;AMD is seeinghigh interestfrom retail investors and was the third-most discussed stock on Reddit’s r/WallStreetBets forum as of Tuesday night. The forum, which has 10.7 million users, is best known for driving the rally in&nbsp;<b><a href=\"https://laohu8.com/S/GME\">GameStop</a> Corp.</b>&nbsp;and other heavily shorted stocks earlier this year.</p><p><blockquote><b>零售利息：</b>截至周二晚，AMD 在 Reddit 的 r/WallStreetBets 论坛上的讨论量排名第三，散户投资者对此表现出浓厚的兴趣。该论坛拥有 1070 万用户，以推动拉力赛而闻名<b><a href=\"https://laohu8.com/S/GME\">游戏驿站</a>公司</b>以及今年早些时候被严重做空的其他股票。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/INTC\">Intel</a> Production Woes</b>: In June, CNBC host Cramernotedthat&nbsp;<b>Intel Corp.</b>&nbsp;delaying production of <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its newest chips, code-named Sapphire Rapids, was “another reason” to buy shares in AMD. The delay by Intel is seen as creating an opportunity for AMD to gain market share.</p><p><blockquote><b><a href=\"https://laohu8.com/S/INTC\">英特尔</a>生产困境</b>：6 月，CNBC 主持人克莱默指出<b>英特尔公司</b>延迟生产<a href=\"https://laohu8.com/S/AONE.U\">一</a>代号为 Sapphire Rapids 的最新芯片是购买 AMD 股票的 “另一个原因 ”。英特尔的延迟被视为为AMD获得市场份额创造了机会。</blockquote></p><p> <b>High-Profile <a href=\"https://laohu8.com/S/CUBI\">Customers</a></b>: AMD&nbsp;secured&nbsp;<b>Tesla Inc</b>.and<b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc.</b>&nbsp;subsidiary Google as its high-profile customers in June.</p><p><blockquote><b>高调<a href=\"https://laohu8.com/S/CUBI\">客户</a></b>：AMD安全<b>特斯拉公司</b>.和<b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>公司。</b>子公司谷歌作为其6月份备受瞩目的客户。</blockquote></p><p> <b>Price Action</b>: Advanced Micro Devices shares closed 3.6% higher in Tuesday’s regular trading session at $112.56.</p><p><blockquote><b>价格行为</b>: Advanced Micro Devices 股价在周二的常规交易时段收盘上涨 3.6%，报 112.56 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184521901","content_text":"Shares of Advanced Micro Devices Inc. AMD extended gains to a fifth straight day and closed 3.6% higher in Tuesday’s regular trading session.\nWhat Happened: Advanced Micro Devices shares also hit a new 52-week high of $114.85 on Tuesday after the chipmakerannouncedthe availability of its new AMD Radeon PRO W6000X series GPUs for Apple Inc.’s Mac Pro desktop computers.\nIn addition, the company’s shares likely benefited after Bloombergreportedthat UK regulators may block rival chipmakerNvidia Corp.’sNVDA$40 billion acquisition of UK-based chipmaker Arm Ltd. due to national security concerns.\nMomentum From Q2 Results: AMD’s shares have been picked up momentum after the companyreportedbetter-than-expected second-quarter results last week.\nRetail Interest: AMD is seeinghigh interestfrom retail investors and was the third-most discussed stock on Reddit’s r/WallStreetBets forum as of Tuesday night. The forum, which has 10.7 million users, is best known for driving the rally in GameStop Corp. and other heavily shorted stocks earlier this year.\nIntel Production Woes: In June, CNBC host Cramernotedthat Intel Corp. delaying production of one of its newest chips, code-named Sapphire Rapids, was “another reason” to buy shares in AMD. The delay by Intel is seen as creating an opportunity for AMD to gain market share.\nHigh-Profile Customers: AMD secured Tesla Inc.andAlphabet Inc. subsidiary Google as its high-profile customers in June.\nPrice Action: Advanced Micro Devices shares closed 3.6% higher in Tuesday’s regular trading session at $112.56.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":2422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802992718,"gmtCreate":1627704252534,"gmtModify":1631890264854,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"It would be an incredible merger if it happens","listText":"It would be an incredible merger if it happens","text":"It would be an incredible merger if it happens","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/802992718","repostId":"2155492152","repostType":4,"isVote":1,"tweetType":1,"viewCount":2426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808342173,"gmtCreate":1627561065492,"gmtModify":1631890264859,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Nice [Strong]&nbsp;","listText":"Nice [Strong]&nbsp;","text":"Nice [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/808342173","repostId":"2155902968","repostType":2,"repost":{"id":"2155902968","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1627560112,"share":"https://www.laohu8.com/m/news/2155902968?lang=zh_CN&edition=full","pubTime":"2021-07-29 20:01","market":"us","language":"en","title":"Mastercard Q2 Adj. EPS $1.95 Beats $1.72 Estimate, Sales $4.50B Beat $4.34B Estimate<blockquote>万事达卡第二季度调整后每股收益 $1.95 超出预期 $1.72，销售额 $4.50B 超出预期 $4.34B</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2155902968","media":"Benzinga","summary":"Mastercard (NYSE:MA) reported quarterly earnings of $1.95 per share which beat the analyst consensus estimate of $1.72 by 13.37 percent. This is a 43.38 percent increase over earnings of $1.36 per share from the same","content":"<p><html><body>Mastercard (NYSE:MA) reported quarterly earnings of $1.95 per share which beat the analyst consensus estimate of $1.72 by 13.37 percent. This is a 43.38 percent increase over earnings of $1.36 per share from the same period last year.  The company reported quarterly sales of $4.50 billion which beat the analyst consensus estimate of $4.34 billion by 3.69 percent.  This is a 34.93 percent increase over sales of $3.33 billion the same period last year.</p><p><blockquote><html><body>万事达卡 (NYSE:MA) 公布的季度收益为每股 1.95 美元，比分析师普遍预期的 1.72 美元高出 13.37%。这比去年同期每股收益 1.36 美元增长了 43.38%。该公司公布季度销售额为 45 亿美元，比分析师普遍预期的 43.4 亿美元高出 3.69%。这比去年同期 33.3 亿美元的销售额增长了 34.93%。</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mastercard Q2 Adj. EPS $1.95 Beats $1.72 Estimate, Sales $4.50B Beat $4.34B Estimate<blockquote>万事达卡第二季度调整后每股收益 $1.95 超出预期 $1.72，销售额 $4.50B 超出预期 $4.34B</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMastercard Q2 Adj. EPS $1.95 Beats $1.72 Estimate, Sales $4.50B Beat $4.34B Estimate<blockquote>万事达卡第二季度调整后每股收益 $1.95 超出预期 $1.72，销售额 $4.50B 超出预期 $4.34B</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-07-29 20:01</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><html><body>Mastercard (NYSE:MA) reported quarterly earnings of $1.95 per share which beat the analyst consensus estimate of $1.72 by 13.37 percent. This is a 43.38 percent increase over earnings of $1.36 per share from the same period last year.  The company reported quarterly sales of $4.50 billion which beat the analyst consensus estimate of $4.34 billion by 3.69 percent.  This is a 34.93 percent increase over sales of $3.33 billion the same period last year.</p><p><blockquote><html><body>万事达卡 (NYSE:MA) 公布的季度收益为每股 1.95 美元，比分析师普遍预期的 1.72 美元高出 13.37%。这比去年同期每股收益 1.36 美元增长了 43.38%。该公司公布季度销售额为 45 亿美元，比分析师普遍预期的 43.4 亿美元高出 3.69%。这比去年同期 33.3 亿美元的销售额增长了 34.93%。</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QTWO":"Q2 Holdings Inc","MA":"万事达"},"source_url":"https://www.benzinga.com/news/earnings/21/07/22219882/mastercard-q2-adj-eps-1-95-beats-1-72-estimate-sales-4-50b-beat-4-34b-estimate","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155902968","content_text":"Mastercard (NYSE:MA) reported quarterly earnings of $1.95 per share which beat the analyst consensus estimate of $1.72 by 13.37 percent. This is a 43.38 percent increase over earnings of $1.36 per share from the same period last year.  The company reported quarterly sales of $4.50 billion which beat the analyst consensus estimate of $4.34 billion by 3.69 percent.  This is a 34.93 percent increase over sales of $3.33 billion the same period last 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href=\"https://laohu8.com/U/3560241002253187\">@CL777</a>:Not again","listText":"[Drowsy]&nbsp;//<a href=\"https://laohu8.com/U/3560241002253187\">@CL777</a>:Not again","text":"[Drowsy] //@CL777:Not again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175784570","repostId":"2153670096","repostType":4,"isVote":1,"tweetType":1,"viewCount":957,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179122223,"gmtCreate":1626495083562,"gmtModify":1631893324112,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/179122223","repostId":"2152168594","repostType":4,"isVote":1,"tweetType":1,"viewCount":882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147536941,"gmtCreate":1626362895183,"gmtModify":1631886131915,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Netflix and game [Observation]&nbsp;","listText":"Netflix and game [Observation]&nbsp;","text":"Netflix and game [Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/147536941","repostId":"1142346792","repostType":4,"isVote":1,"tweetType":1,"viewCount":725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144962168,"gmtCreate":1626262327954,"gmtModify":1631893324125,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Not only overbought, it’s “extremely overbought” [Observation]&nbsp;","listText":"Not only overbought, it’s “extremely overbought” [Observation]&nbsp;","text":"Not only overbought, it’s “extremely overbought” [Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144962168","repostId":"1160878205","repostType":4,"isVote":1,"tweetType":1,"viewCount":604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145595703,"gmtCreate":1626228766902,"gmtModify":1631893324143,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"High to enter now","listText":"High to enter now","text":"High to enter now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/145595703","repostId":"1122284181","repostType":4,"repost":{"id":"1122284181","kind":"news","pubTimestamp":1626221830,"share":"https://www.laohu8.com/m/news/1122284181?lang=zh_CN&edition=full","pubTime":"2021-07-14 08:17","market":"us","language":"en","title":"Cramer: The News About Apple Is All Wrong<blockquote>克莱默：关于苹果的消息都是错误的</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122284181","media":"The Street","summary":"Jim Cramer writes on Real Money that banking on what commentators have to say about Apple is not the","content":"<p>  Jim Cramer writes on Real Money that banking on what commentators have to say about Apple is not the way to make bank on Apple.  Apple&nbsp;(<b>AAPL</b>) -Get Report&nbsp;is one of the news media’s favorite companies to scrutinize, something which can provide as much confusion as clarity to investors, TheStreet’s Jim Cramer explained in a recent Real Money column.</p><p><blockquote>吉姆·克莱默（Jim Cramer）在《真实货币》（Real Money）上写道，依赖评论员对苹果的评价并不是依赖苹果的方法。苹果（<b>苹果</b>TheStreet 的吉姆-克莱默（Jim Cramer）在最近的一篇真钱专栏文章中解释说，Get Report 是新闻媒体最喜欢审查的公司之一，这既能给投资者带来困惑，也能给他们带来清晰的认识。</blockquote></p><p> Cramer looked at how and why many investors missed the opportunity to buy Apple at its bottom price of $116 in March but now are buying at higher prices.</p><p><blockquote>克莱默研究了许多投资者如何以及为什么错过了在 3 月份以 116 美元的底价买入苹果的机会，但现在却以更高的价格买入。</blockquote></p><p> Apple shares are up nearly 10% in the past three months, and ended last week at $145.11</p><p><blockquote>苹果股价在过去三个月上涨了近 10%，上周收于 145.11 美元</blockquote></p><p> “Stunned that suddenly people are buying the breakout of the stock, I decided to go back and look at the breakdown to see if you could have spotted a bottom, the opportunity of the year to buy the stock of this amazing company when it was falling off a cliff,” Cramer wrote.</p><p><blockquote>“克莱默写道：”我对突然有人在股票突破时买入感到震惊，于是我决定回去看看突破情况，看看你是否能发现一个底部，这是今年在这家令人惊叹的公司股票跌落悬崖时买入它的机会。</blockquote></p><p> Cramer found that the media focus on unconfirmed reports about issues such as order volume, combined with the enigmatic nature of Apple itself, helped create confusion and doubt about a company whose stock was actually about to rise.</p><p><blockquote>克莱默发现，媒体关注有关订单量等问题的未经证实的报道，加上苹果本身的神秘性，有助于制造人们对一家股票实际上即将上涨的公司的困惑和怀疑。</blockquote></p><p> “Here are some sample headlines from some important publications on the day it hit bottom: ‘Apple falls toward 3-month low, bear market now in sight.’ Or how about this one: ‘Apple's stock in danger of lowest close since November,’” Cramer wrote.</p><p><blockquote>“以下是苹果触底当天一些重要出版物的一些标题样本：'苹果跌至 3 个月低点，熊市在望'。或者这篇怎么样：'苹果股价有创下 11 月以来最低收盘价的危险'，”克莱默写道。</blockquote></p><p> Cramer looks at how numerous commentators missed the signs of opportunity.</p><p><blockquote>克莱默着眼于无数评论员是如何错过机会的迹象的。</blockquote></p><p> “Apple is famous for not allowing companies to talk about orders or business done with the company, something that makes it difficult to figure out how the company is doing, at least according to suppliers. But that doesn't stop the press from trying,” he wrote.</p><p><blockquote>“苹果以不允许公司谈论与该公司的订单或业务而闻名，这使得人们很难了解该公司的经营情况，至少供应商是这么认为的。但这并不能阻止媒体的尝试，”他写道。</blockquote></p><p> He suggests that banking on what commentators say is not the way to make bank on Apple.</p><p><blockquote>他认为，依赖评论员的言论并不是依赖苹果的方法。</blockquote></p><p> “What matters is this: You got an opportunity. However, it was so hard to take that it is a constant reminder that it is not worth trading Apple around different commentary and so-called news. Better to just, like always, own the stock,” Cramer wrote.</p><p><blockquote>“重要的是：你得到了一个机会。然而，这个机会是如此难以把握，以至于它不断提醒我们，不值得围绕不同的评论和所谓的新闻进行苹果交易。最好还是像往常一样，持有股票，”克莱默写道。</blockquote></p><p></p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cramer: The News About Apple Is All Wrong<blockquote>克莱默：关于苹果的消息都是错误的</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCramer: The News About Apple Is All Wrong<blockquote>克莱默：关于苹果的消息都是错误的</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-07-14 08:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Jim Cramer writes on Real Money that banking on what commentators have to say about Apple is not the way to make bank on Apple.  Apple&nbsp;(<b>AAPL</b>) -Get Report&nbsp;is one of the news media’s favorite companies to scrutinize, something which can provide as much confusion as clarity to investors, TheStreet’s Jim Cramer explained in a recent Real Money column.</p><p><blockquote>吉姆·克莱默（Jim Cramer）在《真实货币》（Real Money）上写道，依赖评论员对苹果的评价并不是依赖苹果的方法。苹果（<b>苹果</b>TheStreet 的吉姆-克莱默（Jim Cramer）在最近的一篇真钱专栏文章中解释说，Get Report 是新闻媒体最喜欢审查的公司之一，这既能给投资者带来困惑，也能给他们带来清晰的认识。</blockquote></p><p> Cramer looked at how and why many investors missed the opportunity to buy Apple at its bottom price of $116 in March but now are buying at higher prices.</p><p><blockquote>克莱默研究了许多投资者如何以及为什么错过了在 3 月份以 116 美元的底价买入苹果的机会，但现在却以更高的价格买入。</blockquote></p><p> Apple shares are up nearly 10% in the past three months, and ended last week at $145.11</p><p><blockquote>苹果股价在过去三个月上涨了近 10%，上周收于 145.11 美元</blockquote></p><p> “Stunned that suddenly people are buying the breakout of the stock, I decided to go back and look at the breakdown to see if you could have spotted a bottom, the opportunity of the year to buy the stock of this amazing company when it was falling off a cliff,” Cramer wrote.</p><p><blockquote>“克莱默写道：”我对突然有人在股票突破时买入感到震惊，于是我决定回去看看突破情况，看看你是否能发现一个底部，这是今年在这家令人惊叹的公司股票跌落悬崖时买入它的机会。</blockquote></p><p> Cramer found that the media focus on unconfirmed reports about issues such as order volume, combined with the enigmatic nature of Apple itself, helped create confusion and doubt about a company whose stock was actually about to rise.</p><p><blockquote>克莱默发现，媒体关注有关订单量等问题的未经证实的报道，加上苹果本身的神秘性，有助于制造人们对一家股票实际上即将上涨的公司的困惑和怀疑。</blockquote></p><p> “Here are some sample headlines from some important publications on the day it hit bottom: ‘Apple falls toward 3-month low, bear market now in sight.’ Or how about this one: ‘Apple's stock in danger of lowest close since November,’” Cramer wrote.</p><p><blockquote>“以下是苹果触底当天一些重要出版物的一些标题样本：'苹果跌至 3 个月低点，熊市在望'。或者这篇怎么样：'苹果股价有创下 11 月以来最低收盘价的危险'，”克莱默写道。</blockquote></p><p> Cramer looks at how numerous commentators missed the signs of opportunity.</p><p><blockquote>克莱默着眼于无数评论员是如何错过机会的迹象的。</blockquote></p><p> “Apple is famous for not allowing companies to talk about orders or business done with the company, something that makes it difficult to figure out how the company is doing, at least according to suppliers. But that doesn't stop the press from trying,” he wrote.</p><p><blockquote>“苹果以不允许公司谈论与该公司的订单或业务而闻名，这使得人们很难了解该公司的经营情况，至少供应商是这么认为的。但这并不能阻止媒体的尝试，”他写道。</blockquote></p><p> He suggests that banking on what commentators say is not the way to make bank on Apple.</p><p><blockquote>他认为，依赖评论员的言论并不是依赖苹果的方法。</blockquote></p><p> “What matters is this: You got an opportunity. However, it was so hard to take that it is a constant reminder that it is not worth trading Apple around different commentary and so-called news. Better to just, like always, own the stock,” Cramer wrote.</p><p><blockquote>“重要的是：你得到了一个机会。然而，这个机会是如此难以把握，以至于它不断提醒我们，不值得围绕不同的评论和所谓的新闻进行苹果交易。最好还是像往常一样，持有股票，”克莱默写道。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/jim-cramer/cramer-the-news-about-apple-is-all-wrong\">The Street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/jim-cramer/cramer-the-news-about-apple-is-all-wrong","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122284181","content_text":"Jim Cramer writes on Real Money that banking on what commentators have to say about Apple is not the way to make bank on Apple.\n\nApple (AAPL) -Get Report is one of the news media’s favorite companies to scrutinize, something which can provide as much confusion as clarity to investors, TheStreet’s Jim Cramer explained in a recent Real Money column.\nCramer looked at how and why many investors missed the opportunity to buy Apple at its bottom price of $116 in March but now are buying at higher prices.\nApple shares are up nearly 10% in the past three months, and ended last week at $145.11\n“Stunned that suddenly people are buying the breakout of the stock, I decided to go back and look at the breakdown to see if you could have spotted a bottom, the opportunity of the year to buy the stock of this amazing company when it was falling off a cliff,” Cramer wrote.\nCramer found that the media focus on unconfirmed reports about issues such as order volume, combined with the enigmatic nature of Apple itself, helped create confusion and doubt about a company whose stock was actually about to rise.\n“Here are some sample headlines from some important publications on the day it hit bottom: ‘Apple falls toward 3-month low, bear market now in sight.’ Or how about this one: ‘Apple's stock in danger of lowest close since November,’” Cramer wrote.\nCramer looks at how numerous commentators missed the signs of opportunity.\n“Apple is famous for not allowing companies to talk about orders or business done with the company, something that makes it difficult to figure out how the company is doing, at least according to suppliers. But that doesn't stop the press from trying,” he wrote.\nHe suggests that banking on what commentators say is not the way to make bank on Apple.\n“What matters is this: You got an opportunity. However, it was so hard to take that it is a constant reminder that it is not worth trading Apple around different commentary and so-called news. Better to just, like always, own the stock,” Cramer wrote.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148242598,"gmtCreate":1625982845014,"gmtModify":1631893324155,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"[Strong]&nbsp;","listText":"[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/148242598","repostId":"1101087642","repostType":4,"isVote":1,"tweetType":1,"viewCount":759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148246971,"gmtCreate":1625982715493,"gmtModify":1631893324166,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Choices to make when wear and tear sets in","listText":"Choices to make when wear and tear sets in","text":"Choices to make when wear and tear sets in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/148246971","repostId":"1166379040","repostType":4,"isVote":1,"tweetType":1,"viewCount":991,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157142146,"gmtCreate":1625575033485,"gmtModify":1631893324181,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Interesting read","listText":"Interesting read","text":"Interesting read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/157142146","repostId":"1153955441","repostType":4,"isVote":1,"tweetType":1,"viewCount":841,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158606823,"gmtCreate":1625146850062,"gmtModify":1631893324197,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570923041276809","idStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Good read&nbsp;","listText":"Good read&nbsp;","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158606823","repostId":"1110936297","repostType":2,"isVote":1,"tweetType":1,"viewCount":936,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":179122223,"gmtCreate":1626495083562,"gmtModify":1631893324112,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570923041276809","authorIdStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/179122223","repostId":"2152168594","repostType":4,"isVote":1,"tweetType":1,"viewCount":882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148242598,"gmtCreate":1625982845014,"gmtModify":1631893324155,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570923041276809","authorIdStr":"3570923041276809"},"themes":[],"title":"","htmlText":"[Strong]&nbsp;","listText":"[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/148242598","repostId":"1101087642","repostType":4,"isVote":1,"tweetType":1,"viewCount":759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164627435,"gmtCreate":1624202494027,"gmtModify":1634009527440,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570923041276809","authorIdStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Hmm.. to be observed [Observation]&nbsp;","listText":"Hmm.. to be observed [Observation]&nbsp;","text":"Hmm.. to be observed [Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/164627435","repostId":"1183124175","repostType":4,"isVote":1,"tweetType":1,"viewCount":636,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184786541,"gmtCreate":1623725338083,"gmtModify":1634029507880,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570923041276809","authorIdStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Yes, will go for&nbsp;Apple for sure","listText":"Yes, will go for&nbsp;Apple for sure","text":"Yes, will go for Apple for sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/184786541","repostId":"1167720481","repostType":4,"repost":{"id":"1167720481","kind":"news","pubTimestamp":1623723356,"share":"https://www.laohu8.com/m/news/1167720481?lang=zh_CN&edition=full","pubTime":"2021-06-15 10:15","market":"us","language":"en","title":"Apple: Meme Stocks Or Apple, I Choose Apple Every Time<blockquote>苹果：模因股还是苹果，我每次都选苹果</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167720481","media":"seekingalpha","summary":"Apple has been a negative investment in 2021 while Meme stocks have exploded which is ridiculous.Investors have been granted an opportunity to purchase Apple before its next leg up while the attention has shifted to chasing the quick buck with Meme stocks.Apple is on pace to generate more than $300 billion in revenue for fiscal year 2021 and $75 billion in net income.Eventually Apple will be invested back to the party and their numbers will be celebrated.So what does AAPL do with all of the cash","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple has been a negative investment in 2021 while Meme stocks have exploded which is ridiculous.</li>  <li>Investors have been granted an opportunity to purchase Apple before its next leg up while the attention has shifted to chasing the quick buck with Meme stocks.</li>  <li>Apple is on pace to generate more than $300 billion in revenue for fiscal year 2021 and $75 billion in net income.</li>  <li>Eventually Apple will be invested back to the party and their numbers will be celebrated.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54c3b80a3353ef82f618688f13f74658\" tg-width=\"1536\" tg-height=\"1024\"><span>Nikada/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>苹果在2021年一直是负面投资，而模因股票却呈爆炸式增长，这太荒谬了。</li><li>投资者有机会在苹果下一轮上涨之前买入它，而注意力已转移到追逐模因股票的快速赚钱上。</li><li>苹果有望在2021财年创造超过3000亿美元的收入和750亿美元的净利润。</li><li>最终，苹果将被投入到党中，他们的数字将被庆祝。</li></ul><p class=\"t-img-caption\"><span>Nikada/iStock未通过Getty Images发布</span></p></blockquote></p><p> In 2021, Apple (AAPL) has become a negative returning investment underperforming the SPDR S&amp;P 500 Trust ETF (SPY) by a margin greater than 15%. In May of 2021, one of the hottest fund managers&nbsp;Cathie Wood&nbsp;of&nbsp;Ark Invest, sold nearly 300,000 shares of AAPL from the ARK Fintech Innovation ETF (ARKF). It was reported that ARK, at one point, was reducing their stake in AAPL to add to their positions in&nbsp;Coinbase (COIN) and DraftKings (DKNG). Actively managed funds such as the one's ARK oversees buy and sell equities daily and could have been using AAPL as an alternative to cash. AAPL has a mixed bag of reviews as some believe its best days are ahead of it while others believe the glory days won't be reclaimed. I think the market is granting investors an opportunity as AAPL should breakout from its sideways pattern in the 2ndhalf of 2021.</p><p><blockquote>2021年，苹果(AAPL)已成为负回报投资，表现落后SPDR标普500信托ETF（SPDR标普500指数ETF）超过15%。2021年5月，最热门的基金经理之一Ark Invest的Cathie Wood从ARK Fintech Innovation ETF(ARKF)出售了近30万股AAPL股票。据报道，ARK一度减持了AAPL的股份，以增持Coinbase(COIN)和DraftKings(DKNG)的股份。one’s ARK等主动管理型基金每天都会监督股票的买卖，并且可能会使用AAPL作为现金的替代品。苹果公司的评论褒贬不一，一些人认为它最好的日子还在前面，而另一些人则认为辉煌的日子不会重现。我认为市场正在给投资者一个机会，因为AAPL应该会在2021年下半年突破横盘格局。</blockquote></p><p> The market wasn't impressed by the blowout AAPL delivered in Q1 and Q2. Instead of an upside climb supported by fundamentals, shares of AAPL have been treading water. As an AAPL bull, it's perplexing that so much attention is placed on meme stocks instead of companies such as AAPL when it's setting the stage for their best year ever. After reading the comments of the recent articles on MEME stocks, I have written, then looking back at the comment sections of some AAPL articles, I just don't understand how the mindset is shifting to outright speculation &amp; gambling rather than investing. In the first 2 quarters of the fiscal year, 2021 AAPL has generated $3.08 in EPS while the entire 2020 fiscal year delivered $3.31 in EPS. AAPL is solidifying the foundation for its best year ever in many metrics, yet the market isn't impressed. I believe there will be impressive fireworks in the 2ndhalf of 2021, and patient shareholders will be rewarded as Q3 and Q4 numbers are reported.</p><p><blockquote>市场对AAPL在第一季度和第二季度的井喷表现并没有留下深刻印象。苹果公司的股价非但没有在基本面的支持下上涨，反而停滞不前。作为苹果公司的多头，令人费解的是，当苹果公司为有史以来最好的一年做准备时，如此多的注意力都集中在模因股票上，而不是像苹果公司这样的公司。在阅读了最近关于MEME股票的文章的评论后，我写道，然后回顾一些AAPL文章的评论部分，我只是不明白心态是如何转向彻底的投机和赌博而不是投资的。在本财年的前两个季度，2021年AAPL的每股收益为3.08美元，而整个2020财年的每股收益为3.31美元。苹果公司正在为许多指标上有史以来最好的一年奠定基础，但市场并没有留下深刻印象。我相信2021年下半年将会有令人印象深刻的烟花，随着第三季度和第四季度数据的公布，耐心的股东将会得到回报。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e86cb02096dfa9c6da05e350f274aa64\" tg-width=\"640\" tg-height=\"556\"><span>(Source: Seeking Alpha)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：寻求阿尔法）</span></p></blockquote></p><p> <b>Apple believes it's the best investment in the market and puts their money where their mouth is</b></p><p><blockquote><b>苹果相信这是市场上最好的投资，并把钱用在了他们的嘴上</b></blockquote></p><p> So what does AAPL do with all of the cash it generates? For starters, they spend tens of billions annually building out their businesses while investing in research and development [R&amp;D]. In&nbsp;2020, AAPL spent $169.56 billion on their cost of generating revenue. The fruits of their labor can be seen in their product offerings and how quickly their newest business segments, including services and wearables, Home, and accessories, have grown. AAPL allocated $18.75 billion in 2020 to R&amp;D, generating advancements to their beloved products. One of the reasons AAPL has a cliental that could resemble a cult-like mentality is because AAPL doesn't stop innovating. They are always at the forefront pushing the boundaries of how technology can enhance an individual's daily life.</p><p><blockquote>那么AAPL如何处理其产生的所有现金呢？首先，他们每年花费数百亿美元来发展业务，同时投资研发[R&amp;D]。2020年，AAPL在创收成本上花费了1695.6亿美元。他们的劳动成果可以从他们的产品供应以及他们最新的业务领域（包括服务和可穿戴设备、家居和配件）的增长速度中看出。AAPL在2020年拨款187.5亿美元用于研发，为他们心爱的产品带来进步。AAPL拥有类似邪教心态的客户的原因之一是因为AAPL不会停止创新。他们总是站在最前沿，推动技术如何改善个人日常生活的界限。</blockquote></p><p> So what about the remaining cash after AAPL's business expenses are fulfilled? AAPL bets on themselves and views their stock as an investment. Since the fiscal year 2012, AAPL has repurchased $421.7 billion in its own stock. In 2021 AAPL has repurchased $43 billion in stock, indicating that senior leadership believes there is tremendous value in owning shares of AAPL. I remember the days where everyone got excited when insiders purchased shares of their company. For AAPL buying back stock is just an ordinary Monday. AAPL has repurchased more in stock over the past decade than most companies will ever see their market caps grow to. AAPL's&nbsp;board&nbsp;authorized an additional $90 billion to its existing share repurchase plan, and AAPL returned almost&nbsp;$23 billion&nbsp;in capital to shareholders in Q2 2021, it doesn't get more bullish than that.</p><p><blockquote>那么AAPL的业务费用兑现后剩下的现金呢？苹果公司押注于自己，并将其股票视为一种投资。自2012财年以来，AAPL已回购了价值4217亿美元的自有股票。2021年，AAPL回购了430亿美元的股票，这表明高级领导层认为持有AAPL股票具有巨大价值。我记得当内部人士购买他们公司的股票时，每个人都感到兴奋的日子。对于苹果公司来说，回购股票只是一个普通的周一。苹果公司在过去十年中回购的股票数量超过了大多数公司的市值增长水平。AAPL董事会授权在其现有股票回购计划的基础上追加900亿美元，AAPL在2021年第二季度向股东返还了近230亿美元的资本，没有比这更乐观的了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3dbaf61374104ed17e51201af591ab7d\" tg-width=\"640\" tg-height=\"349\"><span>(Source: Apple)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：苹果）</span></p></blockquote></p><p> <b>Meme stocks vs. Apple and the insanity of this market</b></p><p><blockquote><b>模因股票与苹果以及这个市场的疯狂</b></blockquote></p><p></p><p> GameStop (GME) and AMC Entertainment Holdings (AMC) have decimated AAPL in share price appreciation throughout the first half of 2021. Regardless of why GME and AMC are up, the fact of the matter is GME has generated a return that exceeds 1,100%, and AMC has returned over 2,000%. Anyone who has ridden GME or AMC up, I congratulate and tip my hat to you. The market is being fueled by delusions of grandeur as AAPL is negative for the year, yet GME &amp; AMC have absolutely exploded to the upside.</p><p><blockquote>2021年上半年，游戏驿站(GME)和AMC院线控股(AMC)的股价大幅上涨。不管GME和AMC为何上涨，事实是GME的回报率超过1,100%，AMC的回报率超过2,000%。任何骑过GME或AMC的人，我祝贺并向你们脱帽致敬。由于AAPL今年表现不佳，市场正受到宏伟妄想的推动，但GME和AMC却绝对呈爆炸式上涨。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c85258331453c02381346f8b6c676cec\" tg-width=\"640\" tg-height=\"499\"><span>(Source: Seeking Alpha)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：寻求阿尔法）</span></p></blockquote></p><p> What's changed for AMC in the past several months? I can tell you, not a single thing. AMC is still a company that is in the red and barely makes money. I get it investing in companies like AMC can generate huge returns due to volatility, and I am not knocking it. If you can make money on it, by all means, don't let anyone stand in your way but be careful. When you read through&nbsp;AMC's income statement, they have never exceeded $400 million in net income. In the past decade, AMC's most profitable year was 2013, as their net income was $364.4 million. In 2019 which had zero ramifications from COVID, AMC generated $5.47 billion in revenue and couldn't even turn a profit as they lost -$149.1 million. AMC's last quarterly report had -$2.3 billion in equity on its balance sheet. The reality is AMC can issue additional shares and sell them to raise capital. This would benefit AMC by improving its balance sheet and increase its cash on hand. It seems like people don't understand that when a company issues more shares, the initial batch becomes diluted and is worthless because of the additional supply. AMC can issue shares and strengthen its balance sheet, but it won't solve its profit problems. AAPL pays more in dividends to its shareholders every quarter than the profit AMC has generated in the past decade, yet AMC is the stock generating larger returns.</p><p><blockquote>过去几个月AMC发生了什么变化？我可以告诉你，一件事都没有。AMC仍然是一家亏损且几乎不赚钱的公司。我知道投资AMC这样的公司可以因波动性而产生巨额回报，但我并不是在批评它。如果你能在上面赚钱，无论如何，不要让任何人妨碍你，但要小心。当你通读AMC的损益表时，你会发现他们的净利润从未超过4亿美元。在过去十年中，AMC最赚钱的一年是2013年，净利润为3.644亿美元。2019年，新冠疫情的影响为零，AMC创造了54.7亿美元的收入，甚至无法盈利，因为他们亏损了1.491亿美元。AMC上一季度报告的资产负债表上的股本为-23亿美元。现实情况是，AMC可以增发股票并出售以筹集资金。这将改善资产负债表并增加手头现金，从而使AMC受益。人们似乎不明白，当一家公司发行更多股票时，最初的一批股票会因为额外的供应而被稀释并变得毫无价值。AMC可以发行股票并增强其资产负债表，但这不会解决其盈利问题。AAPL每个季度向股东支付的股息比AMC过去十年产生的利润还要多，但AMC是产生更大回报的股票。</blockquote></p><p> When investors purchase shares of AMC, they are buying a company with negative EPS. AMC's P/E ratio isn't measurable on a trailing twelve-month or a forward basis, yet investors are willing to pay for nonexistent earnings. In the comments of my&nbsp;AMC article, people said fundamentals don't matter. I understand that AMC has been a technical trade, but that doesn't change the reality that investors are paying for a company with negative earnings.Currently, the average PE Ratio for the S&amp;P is 45.02. If I use the EPS AAPL generated in the first 6 months of the fiscal year 2021 of $3.08, their PE Ratio would be 40.55. For the TTM, AAPL has generated $4.49 in EPS, which brings their PE Ratio down to 28.09. Currently, investors are paying $28.09 for every $1 in earnings AAPL generates, which is low for the tech industry.Amazon (AMZN)&nbsp;has a PE of 62.44,Microsoft (MSFT)34.93, and&nbsp;Google (GOOGL)of 32.05. Call me old-fashioned, but I like to invest in companies that turn a profit.</p><p><blockquote>当投资者购买AMC股票时，他们购买的是一家每股收益为负的公司。AMC的市盈率无法在过去12个月或远期基础上衡量，但投资者愿意为不存在的收益买单。在我的AMC文章的评论中，人们说基本面并不重要。我知道AMC一直是一项技术性交易，但这并不能改变投资者为一家盈利为负的公司买单的现实。目前，标准普尔指数的平均市盈率为45.02。如果我使用AAPL在2021财年前6个月产生的每股收益3.08美元，他们的市盈率将为40.55。对于TTM，AAPL的每股收益为4.49美元，这使得其市盈率降至28.09。目前，投资者为AAPL每产生1美元的收益支付28.09美元，这对于科技行业来说很低。亚马逊(AMZN)的市盈率为62.44，微软(MSFT)为34.93，谷歌(GOOGL)为32.05。看涨期权我很守旧，但我喜欢投资盈利的公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79e06d9bc68454731c984429111ff056\" tg-width=\"640\" tg-height=\"661\"><span>(Source:multpl.com)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：multpl.com）</span></p></blockquote></p><p> <b>Laying out the bull case for Apple and why a breakout to the upside is inevitable</b></p><p><blockquote><b>阐述苹果的牛市理由以及为什么向上突破是不可避免的</b></blockquote></p><p> AAPL has a cult-like following that gravitates to its products and services. For the first 6 months of 2021,AAPLhas generated $201.02 billion in revenue, $82.41 billion in gross profit, and $52.39 billion in net income. In 2021 AAPL has already generated 73.23% ($201.02 billion) of 2020's total revenue, then 78.51% of 2020's gross income ($82.41 billion) and 91.25% of 2020's total net income ($52.39 billion). AAPL is on track to decimate its previous records, and unless something unfathomable occurs, 2021 will be AAPL's best year ever.</p><p><blockquote>苹果公司拥有一批狂热的追随者，他们被其产品和服务所吸引。2021年前6个月，AAPLhas的收入为2010.2亿美元，毛利润为824.1亿美元，净利润为523.9亿美元。2021年，AAPL已创造了2020年总收入的73.23%（2010.2亿美元），然后是2020年总收入（824.1亿美元）的78.51%和2020年净利润总额（523.9亿美元）的91.25%。AAPL有望打破之前的记录，除非发生深不可测的事情，否则2021年将是AAPL有史以来最好的一年。</blockquote></p><p> So the real questions are what's causing the surge in AAPL's financials, and are they sustainable? Part of the reason is AAPL has seen an increase in its hardware sales from iPhone 12's down to iPads. An argument can be made that many people needed to upgrade their technology during the pandemic due to working from home or remote learning, but that logic can't be used for 2021. At the end of April, when&nbsp;AAPL reported Q2,their iPhone sales exceeded expectations by $7.14 billion, Mac sales by $2.2 billion, and iPad sales by $2.01 billion. These numbers were a year later, and while the iPhone 12, which was AAPL's first 5G release, was expected to create tailwinds, I believe the pandemic pushed society into a place where a greater emphasis is placed on technology.</p><p><blockquote>因此，真正的问题是是什么导致了AAPL财务状况的飙升，以及它们是否可持续？部分原因是AAPL的硬件销量从iPhone 12到iPad都有所增长。可以说，由于在家工作或远程学习，许多人在疫情期间需要升级他们的技术，但这种逻辑不能用于2021年。4月底，当AAPL报告Q2时，他们的iPhone销售额超出预期71.4亿美元，Mac销售额超出预期22亿美元，iPad销售额超出预期20.1亿美元。这些数字是一年后的事了，虽然AAPL首款5G产品iPhone 12预计会带来推动力，但我相信疫情将社会推向了一个更加重视技术的地方。</blockquote></p><p></p><p> I believe AAPL will continue to see strong hardware sales, but that's only one piece of the puzzle. Services and Wearables Home and Accessories are becoming huge components of AAPL's financial metrics. In&nbsp;2018 Services&nbsp;generated $39.75 billion in revenue. In 2019 Services increased by $6.54 billion (16.46%) as they finished the year with $46.29 billion in revenue. In 2020 Services grew by $7.48 billion (16.15%) as its revenue totaled $53.77 billion. In the first 6 months of 2020, Services has already generated $32.66 billion in revenue, which is 60.75% of 2020's total revenue. Services continue to grow creating a true business segment of reoccurring revenue for AAPL. The beauty of Services is with each piece of hardware AAPL sells; there is an opportunity to generate additional revenue through Services every month.</p><p><blockquote>我相信AAPL将继续看到强劲的硬件销售，但这只是拼图的一部分。服务和可穿戴设备家居和配件正在成为AAPL财务指标的重要组成部分。2018年，服务业创造了397.5亿美元的收入。2019年，服务增加了65.4亿美元（16.46%），全年收入为462.9亿美元。2020年，服务业增长了74.8亿美元（16.15%），总收入达到537.7亿美元。2020年前6个月，服务已经创造了326.6亿美元的收入，占2020年总收入的60.75%。服务持续增长，为AAPL创造了真正的经常性收入业务部门。服务的美妙之处在于AAPL销售的每一件硬件；每个月都有机会通过服务产生额外的收入。</blockquote></p><p> Services are becoming a home run for AAPL as it diversifies its revenue mix away from being solely constructed from physical products. At the close of the fiscal year 2020, Services had increased its annual revenue by $29.42 billion (120.83%) in just 4 years. In the first 6 months of 2021, Services has generated $32.66 billion, which is 60% of 2020's annual revenue. AAPL is on track to crack $60 billion in revenue from Services in the fiscal year 2021. Looking further out, Services could be a $100 billion revenue generator in the not-too-distant future.</p><p><blockquote>服务正在成为AAPL的本垒打，因为它使其收入组合多元化，不再仅仅依靠实体产品构建。截至2020财年结束时，服务业在短短4年内年收入增加了294.2亿美元（120.83%）。2021年前6个月，服务业创造了326.6亿美元，是2020年收入的60%。AAPL有望在2021财年实现600亿美元的服务收入。展望未来，在不久的将来，服务业可能会创造1000亿美元的收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5f044f79f7525038fb94ed27b6a92209\" tg-width=\"640\" tg-height=\"373\"><span>(Source: Steven Fiorillo) (Data Source: Apple)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：苹果）</span></p></blockquote></p><p> Wearables Home and Accessories continues to follow in Service's footsteps as it has become a larger revenue segment than iPad and Mac. With the inception of the Apple Watch, this category has grown from generating $11.13 billion in 2016 to $30.62 billion in 2020. Over 4 fiscal years, Wearables Home and Accessories has increased its revenue by $24.48 billion (175.06%), and its growth keeps expanding. In the first 6 months of 2021, Wearables Home and Accessories have generated $20.81 billion in revenue, which is 67.95% of 2020's total revenue. AAPL is certainly on track to generate $35 billion-plus in revenue from Wearables Home and Accessories in the fiscal year 2021. Over the next several years, AAPL is on track to generate $50 billion in annual revenue from Wearables Home and Accessories.</p><p><blockquote>可穿戴设备家居和配件继续追随Service的脚步，因为它已成为比iPad和Mac更大的收入领域。随着苹果观察的成立，这一类别的收入从2016年的111.3亿美元增长到2020年的306.2亿美元。在4个财年中，可穿戴家居和配件的收入增加了244.8亿美元（175.06%），并且增长不断扩大。2021年前6个月，可穿戴家居和配件已经创造了208.1亿美元的收入，是2020年总收入的67.95%。AAPL肯定有望在2021财年从可穿戴设备家居和配件中创造超过350亿美元的收入。未来几年，AAPL有望从可穿戴设备家居和配件中创造500亿美元的年收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7071ec652302c6cab585fef4c408d65\" tg-width=\"640\" tg-height=\"373\"><span>(Source: Steven Fiorillo) (Data Source: Apple)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：苹果）</span></p></blockquote></p><p> By the end of the Fiscal Year 2025, there is a good chance that Services can generate more than $78 billion, and Wearables Home and Accessories could generate over $44 billion in annual revenue if they both grow at a 10% rate. These two categories are on pace to exceed $100 billion in revenue combined, which could grow into $150 billion annually in the late 2020s. I am shocked investors haven't been piling into AAPL, and it's even more ludicrous that an emphasis on AAPL's numbers isn't being discussed in greater detail. What's AAPL worth down the road when Services reaches $100 billion in revenue and Wearables Home and Accessories reaches $50 billion? Over the past decade, AAPL has continued to innovate and change how technology is used, and to think their best days are behind them is a notion I refuse to believe.</p><p><blockquote>到2025财年结束时，服务很有可能会产生超过780亿美元的收入，如果两者都以10%的速度增长，可穿戴家居和配件的年收入可能会超过440亿美元。这两个类别的总收入有望超过1000亿美元，到2020年代末每年可能增长到1500亿美元。我对投资者没有涌入苹果公司感到震惊，更可笑的是，没有更详细地讨论对苹果公司数据的强调。当服务业收入达到1000亿美元、可穿戴家居和配件收入达到500亿美元时，AAPL未来的价值是多少？在过去的十年里，AAPL不断创新并改变技术的使用方式，我拒绝相信他们最好的日子已经过去。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62cd231b75d9f875329f6713debe846b\" tg-width=\"640\" tg-height=\"191\"><span>(Source: Apple)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：苹果）</span></p></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> The meme stocks are causing a lot of excitement for some investors while they leave a whole other group shaking their heads. Other than a gamble, I can't understand why people want to invest in AMC when you could buy shares of AAPL on sale. AAPL should have exploded to the upside, but its 2 recent blowout quarters didn't move the needle. I believe it's going to be different once the Q3 numbers are reported. We're going to find out that once again, AAPL continues to buy shares by the billions while reporting that in 9 months, they have generated more net income than all of 2020. In the first 6 months of operations, AAPL has generated $201.02 billion in revenue and $52.39 billion in net income while giving back $53.2 billion in buybacks and dividends. Investors have been granted an opportunity to buy more AAPL before the next leg up. I am a shareholder of AAPL, and I plan on buying more before Q3 earnings.</p><p><blockquote>迷因股票让一些投资者兴奋不已，同时也让另一群投资者摇头。除了赌博之外，我无法理解当你可以购买AAPL出售的股票时，为什么人们想要投资AMC。苹果公司本应大幅上涨，但其最近两个季度的井喷并没有起到任何作用。我相信一旦第三季度的数据公布，情况就会有所不同。我们将再次发现，AAPL继续购买数十亿美元的股票，同时报告称，在9个月内，他们创造的净利润超过了2020年全年。在运营的前6个月，AAPL创造了2010.2亿美元的收入和523.9亿美元的净利润，同时返还了532亿美元的回购和股息。投资者有机会在下一轮上涨之前买入更多苹果公司。我是AAPL的股东，我计划在第三季度财报公布之前购买更多。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Meme Stocks Or Apple, I Choose Apple Every Time<blockquote>苹果：模因股还是苹果，我每次都选苹果</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Meme Stocks Or Apple, I Choose Apple Every Time<blockquote>苹果：模因股还是苹果，我每次都选苹果</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-15 10:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Apple has been a negative investment in 2021 while Meme stocks have exploded which is ridiculous.</li>  <li>Investors have been granted an opportunity to purchase Apple before its next leg up while the attention has shifted to chasing the quick buck with Meme stocks.</li>  <li>Apple is on pace to generate more than $300 billion in revenue for fiscal year 2021 and $75 billion in net income.</li>  <li>Eventually Apple will be invested back to the party and their numbers will be celebrated.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54c3b80a3353ef82f618688f13f74658\" tg-width=\"1536\" tg-height=\"1024\"><span>Nikada/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>苹果在2021年一直是负面投资，而模因股票却呈爆炸式增长，这太荒谬了。</li><li>投资者有机会在苹果下一轮上涨之前买入它，而注意力已转移到追逐模因股票的快速赚钱上。</li><li>苹果有望在2021财年创造超过3000亿美元的收入和750亿美元的净利润。</li><li>最终，苹果将被投入到党中，他们的数字将被庆祝。</li></ul><p class=\"t-img-caption\"><span>Nikada/iStock未通过Getty Images发布</span></p></blockquote></p><p> In 2021, Apple (AAPL) has become a negative returning investment underperforming the SPDR S&amp;P 500 Trust ETF (SPY) by a margin greater than 15%. In May of 2021, one of the hottest fund managers&nbsp;Cathie Wood&nbsp;of&nbsp;Ark Invest, sold nearly 300,000 shares of AAPL from the ARK Fintech Innovation ETF (ARKF). It was reported that ARK, at one point, was reducing their stake in AAPL to add to their positions in&nbsp;Coinbase (COIN) and DraftKings (DKNG). Actively managed funds such as the one's ARK oversees buy and sell equities daily and could have been using AAPL as an alternative to cash. AAPL has a mixed bag of reviews as some believe its best days are ahead of it while others believe the glory days won't be reclaimed. I think the market is granting investors an opportunity as AAPL should breakout from its sideways pattern in the 2ndhalf of 2021.</p><p><blockquote>2021年，苹果(AAPL)已成为负回报投资，表现落后SPDR标普500信托ETF（SPDR标普500指数ETF）超过15%。2021年5月，最热门的基金经理之一Ark Invest的Cathie Wood从ARK Fintech Innovation ETF(ARKF)出售了近30万股AAPL股票。据报道，ARK一度减持了AAPL的股份，以增持Coinbase(COIN)和DraftKings(DKNG)的股份。one’s ARK等主动管理型基金每天都会监督股票的买卖，并且可能会使用AAPL作为现金的替代品。苹果公司的评论褒贬不一，一些人认为它最好的日子还在前面，而另一些人则认为辉煌的日子不会重现。我认为市场正在给投资者一个机会，因为AAPL应该会在2021年下半年突破横盘格局。</blockquote></p><p> The market wasn't impressed by the blowout AAPL delivered in Q1 and Q2. Instead of an upside climb supported by fundamentals, shares of AAPL have been treading water. As an AAPL bull, it's perplexing that so much attention is placed on meme stocks instead of companies such as AAPL when it's setting the stage for their best year ever. After reading the comments of the recent articles on MEME stocks, I have written, then looking back at the comment sections of some AAPL articles, I just don't understand how the mindset is shifting to outright speculation &amp; gambling rather than investing. In the first 2 quarters of the fiscal year, 2021 AAPL has generated $3.08 in EPS while the entire 2020 fiscal year delivered $3.31 in EPS. AAPL is solidifying the foundation for its best year ever in many metrics, yet the market isn't impressed. I believe there will be impressive fireworks in the 2ndhalf of 2021, and patient shareholders will be rewarded as Q3 and Q4 numbers are reported.</p><p><blockquote>市场对AAPL在第一季度和第二季度的井喷表现并没有留下深刻印象。苹果公司的股价非但没有在基本面的支持下上涨，反而停滞不前。作为苹果公司的多头，令人费解的是，当苹果公司为有史以来最好的一年做准备时，如此多的注意力都集中在模因股票上，而不是像苹果公司这样的公司。在阅读了最近关于MEME股票的文章的评论后，我写道，然后回顾一些AAPL文章的评论部分，我只是不明白心态是如何转向彻底的投机和赌博而不是投资的。在本财年的前两个季度，2021年AAPL的每股收益为3.08美元，而整个2020财年的每股收益为3.31美元。苹果公司正在为许多指标上有史以来最好的一年奠定基础，但市场并没有留下深刻印象。我相信2021年下半年将会有令人印象深刻的烟花，随着第三季度和第四季度数据的公布，耐心的股东将会得到回报。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e86cb02096dfa9c6da05e350f274aa64\" tg-width=\"640\" tg-height=\"556\"><span>(Source: Seeking Alpha)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：寻求阿尔法）</span></p></blockquote></p><p> <b>Apple believes it's the best investment in the market and puts their money where their mouth is</b></p><p><blockquote><b>苹果相信这是市场上最好的投资，并把钱用在了他们的嘴上</b></blockquote></p><p> So what does AAPL do with all of the cash it generates? For starters, they spend tens of billions annually building out their businesses while investing in research and development [R&amp;D]. In&nbsp;2020, AAPL spent $169.56 billion on their cost of generating revenue. The fruits of their labor can be seen in their product offerings and how quickly their newest business segments, including services and wearables, Home, and accessories, have grown. AAPL allocated $18.75 billion in 2020 to R&amp;D, generating advancements to their beloved products. One of the reasons AAPL has a cliental that could resemble a cult-like mentality is because AAPL doesn't stop innovating. They are always at the forefront pushing the boundaries of how technology can enhance an individual's daily life.</p><p><blockquote>那么AAPL如何处理其产生的所有现金呢？首先，他们每年花费数百亿美元来发展业务，同时投资研发[R&amp;D]。2020年，AAPL在创收成本上花费了1695.6亿美元。他们的劳动成果可以从他们的产品供应以及他们最新的业务领域（包括服务和可穿戴设备、家居和配件）的增长速度中看出。AAPL在2020年拨款187.5亿美元用于研发，为他们心爱的产品带来进步。AAPL拥有类似邪教心态的客户的原因之一是因为AAPL不会停止创新。他们总是站在最前沿，推动技术如何改善个人日常生活的界限。</blockquote></p><p> So what about the remaining cash after AAPL's business expenses are fulfilled? AAPL bets on themselves and views their stock as an investment. Since the fiscal year 2012, AAPL has repurchased $421.7 billion in its own stock. In 2021 AAPL has repurchased $43 billion in stock, indicating that senior leadership believes there is tremendous value in owning shares of AAPL. I remember the days where everyone got excited when insiders purchased shares of their company. For AAPL buying back stock is just an ordinary Monday. AAPL has repurchased more in stock over the past decade than most companies will ever see their market caps grow to. AAPL's&nbsp;board&nbsp;authorized an additional $90 billion to its existing share repurchase plan, and AAPL returned almost&nbsp;$23 billion&nbsp;in capital to shareholders in Q2 2021, it doesn't get more bullish than that.</p><p><blockquote>那么AAPL的业务费用兑现后剩下的现金呢？苹果公司押注于自己，并将其股票视为一种投资。自2012财年以来，AAPL已回购了价值4217亿美元的自有股票。2021年，AAPL回购了430亿美元的股票，这表明高级领导层认为持有AAPL股票具有巨大价值。我记得当内部人士购买他们公司的股票时，每个人都感到兴奋的日子。对于苹果公司来说，回购股票只是一个普通的周一。苹果公司在过去十年中回购的股票数量超过了大多数公司的市值增长水平。AAPL董事会授权在其现有股票回购计划的基础上追加900亿美元，AAPL在2021年第二季度向股东返还了近230亿美元的资本，没有比这更乐观的了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3dbaf61374104ed17e51201af591ab7d\" tg-width=\"640\" tg-height=\"349\"><span>(Source: Apple)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：苹果）</span></p></blockquote></p><p> <b>Meme stocks vs. Apple and the insanity of this market</b></p><p><blockquote><b>模因股票与苹果以及这个市场的疯狂</b></blockquote></p><p></p><p> GameStop (GME) and AMC Entertainment Holdings (AMC) have decimated AAPL in share price appreciation throughout the first half of 2021. Regardless of why GME and AMC are up, the fact of the matter is GME has generated a return that exceeds 1,100%, and AMC has returned over 2,000%. Anyone who has ridden GME or AMC up, I congratulate and tip my hat to you. The market is being fueled by delusions of grandeur as AAPL is negative for the year, yet GME &amp; AMC have absolutely exploded to the upside.</p><p><blockquote>2021年上半年，游戏驿站(GME)和AMC院线控股(AMC)的股价大幅上涨。不管GME和AMC为何上涨，事实是GME的回报率超过1,100%，AMC的回报率超过2,000%。任何骑过GME或AMC的人，我祝贺并向你们脱帽致敬。由于AAPL今年表现不佳，市场正受到宏伟妄想的推动，但GME和AMC却绝对呈爆炸式上涨。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c85258331453c02381346f8b6c676cec\" tg-width=\"640\" tg-height=\"499\"><span>(Source: Seeking Alpha)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：寻求阿尔法）</span></p></blockquote></p><p> What's changed for AMC in the past several months? I can tell you, not a single thing. AMC is still a company that is in the red and barely makes money. I get it investing in companies like AMC can generate huge returns due to volatility, and I am not knocking it. If you can make money on it, by all means, don't let anyone stand in your way but be careful. When you read through&nbsp;AMC's income statement, they have never exceeded $400 million in net income. In the past decade, AMC's most profitable year was 2013, as their net income was $364.4 million. In 2019 which had zero ramifications from COVID, AMC generated $5.47 billion in revenue and couldn't even turn a profit as they lost -$149.1 million. AMC's last quarterly report had -$2.3 billion in equity on its balance sheet. The reality is AMC can issue additional shares and sell them to raise capital. This would benefit AMC by improving its balance sheet and increase its cash on hand. It seems like people don't understand that when a company issues more shares, the initial batch becomes diluted and is worthless because of the additional supply. AMC can issue shares and strengthen its balance sheet, but it won't solve its profit problems. AAPL pays more in dividends to its shareholders every quarter than the profit AMC has generated in the past decade, yet AMC is the stock generating larger returns.</p><p><blockquote>过去几个月AMC发生了什么变化？我可以告诉你，一件事都没有。AMC仍然是一家亏损且几乎不赚钱的公司。我知道投资AMC这样的公司可以因波动性而产生巨额回报，但我并不是在批评它。如果你能在上面赚钱，无论如何，不要让任何人妨碍你，但要小心。当你通读AMC的损益表时，你会发现他们的净利润从未超过4亿美元。在过去十年中，AMC最赚钱的一年是2013年，净利润为3.644亿美元。2019年，新冠疫情的影响为零，AMC创造了54.7亿美元的收入，甚至无法盈利，因为他们亏损了1.491亿美元。AMC上一季度报告的资产负债表上的股本为-23亿美元。现实情况是，AMC可以增发股票并出售以筹集资金。这将改善资产负债表并增加手头现金，从而使AMC受益。人们似乎不明白，当一家公司发行更多股票时，最初的一批股票会因为额外的供应而被稀释并变得毫无价值。AMC可以发行股票并增强其资产负债表，但这不会解决其盈利问题。AAPL每个季度向股东支付的股息比AMC过去十年产生的利润还要多，但AMC是产生更大回报的股票。</blockquote></p><p> When investors purchase shares of AMC, they are buying a company with negative EPS. AMC's P/E ratio isn't measurable on a trailing twelve-month or a forward basis, yet investors are willing to pay for nonexistent earnings. In the comments of my&nbsp;AMC article, people said fundamentals don't matter. I understand that AMC has been a technical trade, but that doesn't change the reality that investors are paying for a company with negative earnings.Currently, the average PE Ratio for the S&amp;P is 45.02. If I use the EPS AAPL generated in the first 6 months of the fiscal year 2021 of $3.08, their PE Ratio would be 40.55. For the TTM, AAPL has generated $4.49 in EPS, which brings their PE Ratio down to 28.09. Currently, investors are paying $28.09 for every $1 in earnings AAPL generates, which is low for the tech industry.Amazon (AMZN)&nbsp;has a PE of 62.44,Microsoft (MSFT)34.93, and&nbsp;Google (GOOGL)of 32.05. Call me old-fashioned, but I like to invest in companies that turn a profit.</p><p><blockquote>当投资者购买AMC股票时，他们购买的是一家每股收益为负的公司。AMC的市盈率无法在过去12个月或远期基础上衡量，但投资者愿意为不存在的收益买单。在我的AMC文章的评论中，人们说基本面并不重要。我知道AMC一直是一项技术性交易，但这并不能改变投资者为一家盈利为负的公司买单的现实。目前，标准普尔指数的平均市盈率为45.02。如果我使用AAPL在2021财年前6个月产生的每股收益3.08美元，他们的市盈率将为40.55。对于TTM，AAPL的每股收益为4.49美元，这使得其市盈率降至28.09。目前，投资者为AAPL每产生1美元的收益支付28.09美元，这对于科技行业来说很低。亚马逊(AMZN)的市盈率为62.44，微软(MSFT)为34.93，谷歌(GOOGL)为32.05。看涨期权我很守旧，但我喜欢投资盈利的公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79e06d9bc68454731c984429111ff056\" tg-width=\"640\" tg-height=\"661\"><span>(Source:multpl.com)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：multpl.com）</span></p></blockquote></p><p> <b>Laying out the bull case for Apple and why a breakout to the upside is inevitable</b></p><p><blockquote><b>阐述苹果的牛市理由以及为什么向上突破是不可避免的</b></blockquote></p><p> AAPL has a cult-like following that gravitates to its products and services. For the first 6 months of 2021,AAPLhas generated $201.02 billion in revenue, $82.41 billion in gross profit, and $52.39 billion in net income. In 2021 AAPL has already generated 73.23% ($201.02 billion) of 2020's total revenue, then 78.51% of 2020's gross income ($82.41 billion) and 91.25% of 2020's total net income ($52.39 billion). AAPL is on track to decimate its previous records, and unless something unfathomable occurs, 2021 will be AAPL's best year ever.</p><p><blockquote>苹果公司拥有一批狂热的追随者，他们被其产品和服务所吸引。2021年前6个月，AAPLhas的收入为2010.2亿美元，毛利润为824.1亿美元，净利润为523.9亿美元。2021年，AAPL已创造了2020年总收入的73.23%（2010.2亿美元），然后是2020年总收入（824.1亿美元）的78.51%和2020年净利润总额（523.9亿美元）的91.25%。AAPL有望打破之前的记录，除非发生深不可测的事情，否则2021年将是AAPL有史以来最好的一年。</blockquote></p><p> So the real questions are what's causing the surge in AAPL's financials, and are they sustainable? Part of the reason is AAPL has seen an increase in its hardware sales from iPhone 12's down to iPads. An argument can be made that many people needed to upgrade their technology during the pandemic due to working from home or remote learning, but that logic can't be used for 2021. At the end of April, when&nbsp;AAPL reported Q2,their iPhone sales exceeded expectations by $7.14 billion, Mac sales by $2.2 billion, and iPad sales by $2.01 billion. These numbers were a year later, and while the iPhone 12, which was AAPL's first 5G release, was expected to create tailwinds, I believe the pandemic pushed society into a place where a greater emphasis is placed on technology.</p><p><blockquote>因此，真正的问题是是什么导致了AAPL财务状况的飙升，以及它们是否可持续？部分原因是AAPL的硬件销量从iPhone 12到iPad都有所增长。可以说，由于在家工作或远程学习，许多人在疫情期间需要升级他们的技术，但这种逻辑不能用于2021年。4月底，当AAPL报告Q2时，他们的iPhone销售额超出预期71.4亿美元，Mac销售额超出预期22亿美元，iPad销售额超出预期20.1亿美元。这些数字是一年后的事了，虽然AAPL首款5G产品iPhone 12预计会带来推动力，但我相信疫情将社会推向了一个更加重视技术的地方。</blockquote></p><p></p><p> I believe AAPL will continue to see strong hardware sales, but that's only one piece of the puzzle. Services and Wearables Home and Accessories are becoming huge components of AAPL's financial metrics. In&nbsp;2018 Services&nbsp;generated $39.75 billion in revenue. In 2019 Services increased by $6.54 billion (16.46%) as they finished the year with $46.29 billion in revenue. In 2020 Services grew by $7.48 billion (16.15%) as its revenue totaled $53.77 billion. In the first 6 months of 2020, Services has already generated $32.66 billion in revenue, which is 60.75% of 2020's total revenue. Services continue to grow creating a true business segment of reoccurring revenue for AAPL. The beauty of Services is with each piece of hardware AAPL sells; there is an opportunity to generate additional revenue through Services every month.</p><p><blockquote>我相信AAPL将继续看到强劲的硬件销售，但这只是拼图的一部分。服务和可穿戴设备家居和配件正在成为AAPL财务指标的重要组成部分。2018年，服务业创造了397.5亿美元的收入。2019年，服务增加了65.4亿美元（16.46%），全年收入为462.9亿美元。2020年，服务业增长了74.8亿美元（16.15%），总收入达到537.7亿美元。2020年前6个月，服务已经创造了326.6亿美元的收入，占2020年总收入的60.75%。服务持续增长，为AAPL创造了真正的经常性收入业务部门。服务的美妙之处在于AAPL销售的每一件硬件；每个月都有机会通过服务产生额外的收入。</blockquote></p><p> Services are becoming a home run for AAPL as it diversifies its revenue mix away from being solely constructed from physical products. At the close of the fiscal year 2020, Services had increased its annual revenue by $29.42 billion (120.83%) in just 4 years. In the first 6 months of 2021, Services has generated $32.66 billion, which is 60% of 2020's annual revenue. AAPL is on track to crack $60 billion in revenue from Services in the fiscal year 2021. Looking further out, Services could be a $100 billion revenue generator in the not-too-distant future.</p><p><blockquote>服务正在成为AAPL的本垒打，因为它使其收入组合多元化，不再仅仅依靠实体产品构建。截至2020财年结束时，服务业在短短4年内年收入增加了294.2亿美元（120.83%）。2021年前6个月，服务业创造了326.6亿美元，是2020年收入的60%。AAPL有望在2021财年实现600亿美元的服务收入。展望未来，在不久的将来，服务业可能会创造1000亿美元的收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5f044f79f7525038fb94ed27b6a92209\" tg-width=\"640\" tg-height=\"373\"><span>(Source: Steven Fiorillo) (Data Source: Apple)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：苹果）</span></p></blockquote></p><p> Wearables Home and Accessories continues to follow in Service's footsteps as it has become a larger revenue segment than iPad and Mac. With the inception of the Apple Watch, this category has grown from generating $11.13 billion in 2016 to $30.62 billion in 2020. Over 4 fiscal years, Wearables Home and Accessories has increased its revenue by $24.48 billion (175.06%), and its growth keeps expanding. In the first 6 months of 2021, Wearables Home and Accessories have generated $20.81 billion in revenue, which is 67.95% of 2020's total revenue. AAPL is certainly on track to generate $35 billion-plus in revenue from Wearables Home and Accessories in the fiscal year 2021. Over the next several years, AAPL is on track to generate $50 billion in annual revenue from Wearables Home and Accessories.</p><p><blockquote>可穿戴设备家居和配件继续追随Service的脚步，因为它已成为比iPad和Mac更大的收入领域。随着苹果观察的成立，这一类别的收入从2016年的111.3亿美元增长到2020年的306.2亿美元。在4个财年中，可穿戴家居和配件的收入增加了244.8亿美元（175.06%），并且增长不断扩大。2021年前6个月，可穿戴家居和配件已经创造了208.1亿美元的收入，是2020年总收入的67.95%。AAPL肯定有望在2021财年从可穿戴设备家居和配件中创造超过350亿美元的收入。未来几年，AAPL有望从可穿戴设备家居和配件中创造500亿美元的年收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7071ec652302c6cab585fef4c408d65\" tg-width=\"640\" tg-height=\"373\"><span>(Source: Steven Fiorillo) (Data Source: Apple)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：苹果）</span></p></blockquote></p><p> By the end of the Fiscal Year 2025, there is a good chance that Services can generate more than $78 billion, and Wearables Home and Accessories could generate over $44 billion in annual revenue if they both grow at a 10% rate. These two categories are on pace to exceed $100 billion in revenue combined, which could grow into $150 billion annually in the late 2020s. I am shocked investors haven't been piling into AAPL, and it's even more ludicrous that an emphasis on AAPL's numbers isn't being discussed in greater detail. What's AAPL worth down the road when Services reaches $100 billion in revenue and Wearables Home and Accessories reaches $50 billion? Over the past decade, AAPL has continued to innovate and change how technology is used, and to think their best days are behind them is a notion I refuse to believe.</p><p><blockquote>到2025财年结束时，服务很有可能会产生超过780亿美元的收入，如果两者都以10%的速度增长，可穿戴家居和配件的年收入可能会超过440亿美元。这两个类别的总收入有望超过1000亿美元，到2020年代末每年可能增长到1500亿美元。我对投资者没有涌入苹果公司感到震惊，更可笑的是，没有更详细地讨论对苹果公司数据的强调。当服务业收入达到1000亿美元、可穿戴家居和配件收入达到500亿美元时，AAPL未来的价值是多少？在过去的十年里，AAPL不断创新并改变技术的使用方式，我拒绝相信他们最好的日子已经过去。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62cd231b75d9f875329f6713debe846b\" tg-width=\"640\" tg-height=\"191\"><span>(Source: Apple)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：苹果）</span></p></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> The meme stocks are causing a lot of excitement for some investors while they leave a whole other group shaking their heads. Other than a gamble, I can't understand why people want to invest in AMC when you could buy shares of AAPL on sale. AAPL should have exploded to the upside, but its 2 recent blowout quarters didn't move the needle. I believe it's going to be different once the Q3 numbers are reported. We're going to find out that once again, AAPL continues to buy shares by the billions while reporting that in 9 months, they have generated more net income than all of 2020. In the first 6 months of operations, AAPL has generated $201.02 billion in revenue and $52.39 billion in net income while giving back $53.2 billion in buybacks and dividends. Investors have been granted an opportunity to buy more AAPL before the next leg up. I am a shareholder of AAPL, and I plan on buying more before Q3 earnings.</p><p><blockquote>迷因股票让一些投资者兴奋不已，同时也让另一群投资者摇头。除了赌博之外，我无法理解当你可以购买AAPL出售的股票时，为什么人们想要投资AMC。苹果公司本应大幅上涨，但其最近两个季度的井喷并没有起到任何作用。我相信一旦第三季度的数据公布，情况就会有所不同。我们将再次发现，AAPL继续购买数十亿美元的股票，同时报告称，在9个月内，他们创造的净利润超过了2020年全年。在运营的前6个月，AAPL创造了2010.2亿美元的收入和523.9亿美元的净利润，同时返还了532亿美元的回购和股息。投资者有机会在下一轮上涨之前买入更多苹果公司。我是AAPL的股东，我计划在第三季度财报公布之前购买更多。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4434600-apple-meme-stocks-or-apple-i-choose-apple-every-time\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4434600-apple-meme-stocks-or-apple-i-choose-apple-every-time","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167720481","content_text":"Summary\n\nApple has been a negative investment in 2021 while Meme stocks have exploded which is ridiculous.\nInvestors have been granted an opportunity to purchase Apple before its next leg up while the attention has shifted to chasing the quick buck with Meme stocks.\nApple is on pace to generate more than $300 billion in revenue for fiscal year 2021 and $75 billion in net income.\nEventually Apple will be invested back to the party and their numbers will be celebrated.\n\nNikada/iStock Unreleased via Getty Images\nIn 2021, Apple (AAPL) has become a negative returning investment underperforming the SPDR S&P 500 Trust ETF (SPY) by a margin greater than 15%. In May of 2021, one of the hottest fund managers Cathie Wood of Ark Invest, sold nearly 300,000 shares of AAPL from the ARK Fintech Innovation ETF (ARKF). It was reported that ARK, at one point, was reducing their stake in AAPL to add to their positions in Coinbase (COIN) and DraftKings (DKNG). Actively managed funds such as the one's ARK oversees buy and sell equities daily and could have been using AAPL as an alternative to cash. AAPL has a mixed bag of reviews as some believe its best days are ahead of it while others believe the glory days won't be reclaimed. I think the market is granting investors an opportunity as AAPL should breakout from its sideways pattern in the 2ndhalf of 2021.\nThe market wasn't impressed by the blowout AAPL delivered in Q1 and Q2. Instead of an upside climb supported by fundamentals, shares of AAPL have been treading water. As an AAPL bull, it's perplexing that so much attention is placed on meme stocks instead of companies such as AAPL when it's setting the stage for their best year ever. After reading the comments of the recent articles on MEME stocks, I have written, then looking back at the comment sections of some AAPL articles, I just don't understand how the mindset is shifting to outright speculation & gambling rather than investing. In the first 2 quarters of the fiscal year, 2021 AAPL has generated $3.08 in EPS while the entire 2020 fiscal year delivered $3.31 in EPS. AAPL is solidifying the foundation for its best year ever in many metrics, yet the market isn't impressed. I believe there will be impressive fireworks in the 2ndhalf of 2021, and patient shareholders will be rewarded as Q3 and Q4 numbers are reported.\n(Source: Seeking Alpha)\nApple believes it's the best investment in the market and puts their money where their mouth is\nSo what does AAPL do with all of the cash it generates? For starters, they spend tens of billions annually building out their businesses while investing in research and development [R&D]. In 2020, AAPL spent $169.56 billion on their cost of generating revenue. The fruits of their labor can be seen in their product offerings and how quickly their newest business segments, including services and wearables, Home, and accessories, have grown. AAPL allocated $18.75 billion in 2020 to R&D, generating advancements to their beloved products. One of the reasons AAPL has a cliental that could resemble a cult-like mentality is because AAPL doesn't stop innovating. They are always at the forefront pushing the boundaries of how technology can enhance an individual's daily life.\nSo what about the remaining cash after AAPL's business expenses are fulfilled? AAPL bets on themselves and views their stock as an investment. Since the fiscal year 2012, AAPL has repurchased $421.7 billion in its own stock. In 2021 AAPL has repurchased $43 billion in stock, indicating that senior leadership believes there is tremendous value in owning shares of AAPL. I remember the days where everyone got excited when insiders purchased shares of their company. For AAPL buying back stock is just an ordinary Monday. AAPL has repurchased more in stock over the past decade than most companies will ever see their market caps grow to. AAPL's board authorized an additional $90 billion to its existing share repurchase plan, and AAPL returned almost $23 billion in capital to shareholders in Q2 2021, it doesn't get more bullish than that.\n(Source: Apple)\nMeme stocks vs. Apple and the insanity of this market\nGameStop (GME) and AMC Entertainment Holdings (AMC) have decimated AAPL in share price appreciation throughout the first half of 2021. Regardless of why GME and AMC are up, the fact of the matter is GME has generated a return that exceeds 1,100%, and AMC has returned over 2,000%. Anyone who has ridden GME or AMC up, I congratulate and tip my hat to you. The market is being fueled by delusions of grandeur as AAPL is negative for the year, yet GME & AMC have absolutely exploded to the upside.\n(Source: Seeking Alpha)\nWhat's changed for AMC in the past several months? I can tell you, not a single thing. AMC is still a company that is in the red and barely makes money. I get it investing in companies like AMC can generate huge returns due to volatility, and I am not knocking it. If you can make money on it, by all means, don't let anyone stand in your way but be careful. When you read through AMC's income statement, they have never exceeded $400 million in net income. In the past decade, AMC's most profitable year was 2013, as their net income was $364.4 million. In 2019 which had zero ramifications from COVID, AMC generated $5.47 billion in revenue and couldn't even turn a profit as they lost -$149.1 million. AMC's last quarterly report had -$2.3 billion in equity on its balance sheet. The reality is AMC can issue additional shares and sell them to raise capital. This would benefit AMC by improving its balance sheet and increase its cash on hand. It seems like people don't understand that when a company issues more shares, the initial batch becomes diluted and is worthless because of the additional supply. AMC can issue shares and strengthen its balance sheet, but it won't solve its profit problems. AAPL pays more in dividends to its shareholders every quarter than the profit AMC has generated in the past decade, yet AMC is the stock generating larger returns.\nWhen investors purchase shares of AMC, they are buying a company with negative EPS. AMC's P/E ratio isn't measurable on a trailing twelve-month or a forward basis, yet investors are willing to pay for nonexistent earnings. In the comments of my AMC article, people said fundamentals don't matter. I understand that AMC has been a technical trade, but that doesn't change the reality that investors are paying for a company with negative earnings.Currently, the average PE Ratio for the S&P is 45.02. If I use the EPS AAPL generated in the first 6 months of the fiscal year 2021 of $3.08, their PE Ratio would be 40.55. For the TTM, AAPL has generated $4.49 in EPS, which brings their PE Ratio down to 28.09. Currently, investors are paying $28.09 for every $1 in earnings AAPL generates, which is low for the tech industry.Amazon (AMZN) has a PE of 62.44,Microsoft (MSFT)34.93, and Google (GOOGL)of 32.05. Call me old-fashioned, but I like to invest in companies that turn a profit.\n(Source:multpl.com)\nLaying out the bull case for Apple and why a breakout to the upside is inevitable\nAAPL has a cult-like following that gravitates to its products and services. For the first 6 months of 2021,AAPLhas generated $201.02 billion in revenue, $82.41 billion in gross profit, and $52.39 billion in net income. In 2021 AAPL has already generated 73.23% ($201.02 billion) of 2020's total revenue, then 78.51% of 2020's gross income ($82.41 billion) and 91.25% of 2020's total net income ($52.39 billion). AAPL is on track to decimate its previous records, and unless something unfathomable occurs, 2021 will be AAPL's best year ever.\nSo the real questions are what's causing the surge in AAPL's financials, and are they sustainable? Part of the reason is AAPL has seen an increase in its hardware sales from iPhone 12's down to iPads. An argument can be made that many people needed to upgrade their technology during the pandemic due to working from home or remote learning, but that logic can't be used for 2021. At the end of April, when AAPL reported Q2,their iPhone sales exceeded expectations by $7.14 billion, Mac sales by $2.2 billion, and iPad sales by $2.01 billion. These numbers were a year later, and while the iPhone 12, which was AAPL's first 5G release, was expected to create tailwinds, I believe the pandemic pushed society into a place where a greater emphasis is placed on technology.\nI believe AAPL will continue to see strong hardware sales, but that's only one piece of the puzzle. Services and Wearables Home and Accessories are becoming huge components of AAPL's financial metrics. In 2018 Services generated $39.75 billion in revenue. In 2019 Services increased by $6.54 billion (16.46%) as they finished the year with $46.29 billion in revenue. In 2020 Services grew by $7.48 billion (16.15%) as its revenue totaled $53.77 billion. In the first 6 months of 2020, Services has already generated $32.66 billion in revenue, which is 60.75% of 2020's total revenue. Services continue to grow creating a true business segment of reoccurring revenue for AAPL. The beauty of Services is with each piece of hardware AAPL sells; there is an opportunity to generate additional revenue through Services every month.\nServices are becoming a home run for AAPL as it diversifies its revenue mix away from being solely constructed from physical products. At the close of the fiscal year 2020, Services had increased its annual revenue by $29.42 billion (120.83%) in just 4 years. In the first 6 months of 2021, Services has generated $32.66 billion, which is 60% of 2020's annual revenue. AAPL is on track to crack $60 billion in revenue from Services in the fiscal year 2021. Looking further out, Services could be a $100 billion revenue generator in the not-too-distant future.\n(Source: Steven Fiorillo) (Data Source: Apple)\nWearables Home and Accessories continues to follow in Service's footsteps as it has become a larger revenue segment than iPad and Mac. With the inception of the Apple Watch, this category has grown from generating $11.13 billion in 2016 to $30.62 billion in 2020. Over 4 fiscal years, Wearables Home and Accessories has increased its revenue by $24.48 billion (175.06%), and its growth keeps expanding. In the first 6 months of 2021, Wearables Home and Accessories have generated $20.81 billion in revenue, which is 67.95% of 2020's total revenue. AAPL is certainly on track to generate $35 billion-plus in revenue from Wearables Home and Accessories in the fiscal year 2021. Over the next several years, AAPL is on track to generate $50 billion in annual revenue from Wearables Home and Accessories.\n(Source: Steven Fiorillo) (Data Source: Apple)\nBy the end of the Fiscal Year 2025, there is a good chance that Services can generate more than $78 billion, and Wearables Home and Accessories could generate over $44 billion in annual revenue if they both grow at a 10% rate. These two categories are on pace to exceed $100 billion in revenue combined, which could grow into $150 billion annually in the late 2020s. I am shocked investors haven't been piling into AAPL, and it's even more ludicrous that an emphasis on AAPL's numbers isn't being discussed in greater detail. What's AAPL worth down the road when Services reaches $100 billion in revenue and Wearables Home and Accessories reaches $50 billion? Over the past decade, AAPL has continued to innovate and change how technology is used, and to think their best days are behind them is a notion I refuse to believe.\n(Source: Apple)\nConclusion\nThe meme stocks are causing a lot of excitement for some investors while they leave a whole other group shaking their heads. Other than a gamble, I can't understand why people want to invest in AMC when you could buy shares of AAPL on sale. AAPL should have exploded to the upside, but its 2 recent blowout quarters didn't move the needle. I believe it's going to be different once the Q3 numbers are reported. We're going to find out that once again, AAPL continues to buy shares by the billions while reporting that in 9 months, they have generated more net income than all of 2020. In the first 6 months of operations, AAPL has generated $201.02 billion in revenue and $52.39 billion in net income while giving back $53.2 billion in buybacks and dividends. Investors have been granted an opportunity to buy more AAPL before the next leg up. I am a shareholder of AAPL, and I plan on buying more before Q3 earnings.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":916,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819275266,"gmtCreate":1630074843555,"gmtModify":1704955616467,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570923041276809","authorIdStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Go Cathie! [Bless]&nbsp;[Victory]&nbsp;","listText":"Go Cathie! [Bless]&nbsp;[Victory]&nbsp;","text":"Go Cathie! [Bless] [Victory]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/819275266","repostId":"1131568820","repostType":4,"isVote":1,"tweetType":1,"viewCount":2921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890967756,"gmtCreate":1628077816775,"gmtModify":1631890264852,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570923041276809","authorIdStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Nice run","listText":"Nice run","text":"Nice run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/890967756","repostId":"1184521901","repostType":4,"repost":{"id":"1184521901","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1628070314,"share":"https://www.laohu8.com/m/news/1184521901?lang=zh_CN&edition=full","pubTime":"2021-08-04 17:45","market":"us","language":"en","title":"What Is Fueling The AMD Rally?<blockquote>是什么推动了 AMD 的反弹？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184521901","media":"Benzinga","summary":"Shares of Advanced Micro Devices Inc. AMD extended gains to a fifth straight day and closed 3.6% hig","content":"<p>Shares of&nbsp;<b>Advanced Micro Devices Inc.</b>&nbsp;<b><a href=\"https://laohu8.com/S/AMD\">AMD</a></b>&nbsp;extended gains to a fifth straight day and closed 3.6% higher in Tuesday’s regular trading session.</p><p><blockquote>股份<b>先进微设备公司。</b> <b><a href=\"https://laohu8.com/S/AMD\">AMD</a></b>在周二的常规交易时段，该公司连续第五天上涨，收盘上涨 3.6%。</blockquote></p><p> <b>What Happened</b>: Advanced Micro Devices shares also hit a new 52-week high of $114.85 on Tuesday after the chipmakerannouncedthe availability of its new AMD Radeon PRO W6000X series GPUs for&nbsp;<b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc.’s</b>&nbsp;Mac Pro desktop computers.</p><p><blockquote><b>发生了什么事</b>周二，芯片制造商 Advanced Micro Devices 宣布推出新的 AMD Radeon PRO W6000X 系列 GPU，该公司股价也创下 52 周新高 114.85 美元。<b><a href=\"https://laohu8.com/S/AAPL\">苹果</a>公司的</b>Mac Pro台式电脑。</blockquote></p><p> In addition, the company’s shares likely benefited after Bloombergreportedthat UK regulators may block rival chipmaker<b>Nvidia Corp.’s</b>NVDA$40 billion acquisition of UK-based chipmaker Arm Ltd. due to national security concerns.</p><p><blockquote>此外，在彭博社报道英国监管机构可能会封锁竞争对手芯片制造商后，该公司的股价可能会受益。<b>英伟达公司</b>出于国家安全考虑，NVDA 斥资 400 亿美元收购英国芯片制造商 Arm Ltd.。</blockquote></p><p> <b>Momentum From <a href=\"https://laohu8.com/S/QTWO\">Q2</a> Results:</b>&nbsp;AMD’s shares have been picked up momentum after the companyreportedbetter-than-expected second-quarter results last week.</p><p><blockquote><b>动量来自<a href=\"https://laohu8.com/S/QTWO\">第二季度</a>结果：</b>AMD 上周公布好于预期的第二季度业绩后，该公司股价势头强劲。</blockquote></p><p> <b>Retail Interest:</b>&nbsp;AMD is seeinghigh interestfrom retail investors and was the third-most discussed stock on Reddit’s r/WallStreetBets forum as of Tuesday night. The forum, which has 10.7 million users, is best known for driving the rally in&nbsp;<b><a href=\"https://laohu8.com/S/GME\">GameStop</a> Corp.</b>&nbsp;and other heavily shorted stocks earlier this year.</p><p><blockquote><b>零售利息：</b>截至周二晚，AMD 在 Reddit 的 r/WallStreetBets 论坛上的讨论量排名第三，散户投资者对此表现出浓厚的兴趣。该论坛拥有 1070 万用户，以推动拉力赛而闻名<b><a href=\"https://laohu8.com/S/GME\">游戏驿站</a>公司</b>以及今年早些时候被严重做空的其他股票。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/INTC\">Intel</a> Production Woes</b>: In June, CNBC host Cramernotedthat&nbsp;<b>Intel Corp.</b>&nbsp;delaying production of <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its newest chips, code-named Sapphire Rapids, was “another reason” to buy shares in AMD. The delay by Intel is seen as creating an opportunity for AMD to gain market share.</p><p><blockquote><b><a href=\"https://laohu8.com/S/INTC\">英特尔</a>生产困境</b>：6 月，CNBC 主持人克莱默指出<b>英特尔公司</b>延迟生产<a href=\"https://laohu8.com/S/AONE.U\">一</a>代号为 Sapphire Rapids 的最新芯片是购买 AMD 股票的 “另一个原因 ”。英特尔的延迟被视为为AMD获得市场份额创造了机会。</blockquote></p><p> <b>High-Profile <a href=\"https://laohu8.com/S/CUBI\">Customers</a></b>: AMD&nbsp;secured&nbsp;<b>Tesla Inc</b>.and<b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc.</b>&nbsp;subsidiary Google as its high-profile customers in June.</p><p><blockquote><b>高调<a href=\"https://laohu8.com/S/CUBI\">客户</a></b>：AMD安全<b>特斯拉公司</b>.和<b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>公司。</b>子公司谷歌作为其6月份备受瞩目的客户。</blockquote></p><p> <b>Price Action</b>: Advanced Micro Devices shares closed 3.6% higher in Tuesday’s regular trading session at $112.56.</p><p><blockquote><b>价格行为</b>: Advanced Micro Devices 股价在周二的常规交易时段收盘上涨 3.6%，报 112.56 美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Is Fueling The AMD Rally?<blockquote>是什么推动了 AMD 的反弹？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Is Fueling The AMD Rally?<blockquote>是什么推动了 AMD 的反弹？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-08-04 17:45</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Shares of&nbsp;<b>Advanced Micro Devices Inc.</b>&nbsp;<b><a href=\"https://laohu8.com/S/AMD\">AMD</a></b>&nbsp;extended gains to a fifth straight day and closed 3.6% higher in Tuesday’s regular trading session.</p><p><blockquote>股份<b>先进微设备公司。</b> <b><a href=\"https://laohu8.com/S/AMD\">AMD</a></b>在周二的常规交易时段，该公司连续第五天上涨，收盘上涨 3.6%。</blockquote></p><p> <b>What Happened</b>: Advanced Micro Devices shares also hit a new 52-week high of $114.85 on Tuesday after the chipmakerannouncedthe availability of its new AMD Radeon PRO W6000X series GPUs for&nbsp;<b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc.’s</b>&nbsp;Mac Pro desktop computers.</p><p><blockquote><b>发生了什么事</b>周二，芯片制造商 Advanced Micro Devices 宣布推出新的 AMD Radeon PRO W6000X 系列 GPU，该公司股价也创下 52 周新高 114.85 美元。<b><a href=\"https://laohu8.com/S/AAPL\">苹果</a>公司的</b>Mac Pro台式电脑。</blockquote></p><p> In addition, the company’s shares likely benefited after Bloombergreportedthat UK regulators may block rival chipmaker<b>Nvidia Corp.’s</b>NVDA$40 billion acquisition of UK-based chipmaker Arm Ltd. due to national security concerns.</p><p><blockquote>此外，在彭博社报道英国监管机构可能会封锁竞争对手芯片制造商后，该公司的股价可能会受益。<b>英伟达公司</b>出于国家安全考虑，NVDA 斥资 400 亿美元收购英国芯片制造商 Arm Ltd.。</blockquote></p><p> <b>Momentum From <a href=\"https://laohu8.com/S/QTWO\">Q2</a> Results:</b>&nbsp;AMD’s shares have been picked up momentum after the companyreportedbetter-than-expected second-quarter results last week.</p><p><blockquote><b>动量来自<a href=\"https://laohu8.com/S/QTWO\">第二季度</a>结果：</b>AMD 上周公布好于预期的第二季度业绩后，该公司股价势头强劲。</blockquote></p><p> <b>Retail Interest:</b>&nbsp;AMD is seeinghigh interestfrom retail investors and was the third-most discussed stock on Reddit’s r/WallStreetBets forum as of Tuesday night. The forum, which has 10.7 million users, is best known for driving the rally in&nbsp;<b><a href=\"https://laohu8.com/S/GME\">GameStop</a> Corp.</b>&nbsp;and other heavily shorted stocks earlier this year.</p><p><blockquote><b>零售利息：</b>截至周二晚，AMD 在 Reddit 的 r/WallStreetBets 论坛上的讨论量排名第三，散户投资者对此表现出浓厚的兴趣。该论坛拥有 1070 万用户，以推动拉力赛而闻名<b><a href=\"https://laohu8.com/S/GME\">游戏驿站</a>公司</b>以及今年早些时候被严重做空的其他股票。</blockquote></p><p> <b><a href=\"https://laohu8.com/S/INTC\">Intel</a> Production Woes</b>: In June, CNBC host Cramernotedthat&nbsp;<b>Intel Corp.</b>&nbsp;delaying production of <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its newest chips, code-named Sapphire Rapids, was “another reason” to buy shares in AMD. The delay by Intel is seen as creating an opportunity for AMD to gain market share.</p><p><blockquote><b><a href=\"https://laohu8.com/S/INTC\">英特尔</a>生产困境</b>：6 月，CNBC 主持人克莱默指出<b>英特尔公司</b>延迟生产<a href=\"https://laohu8.com/S/AONE.U\">一</a>代号为 Sapphire Rapids 的最新芯片是购买 AMD 股票的 “另一个原因 ”。英特尔的延迟被视为为AMD获得市场份额创造了机会。</blockquote></p><p> <b>High-Profile <a href=\"https://laohu8.com/S/CUBI\">Customers</a></b>: AMD&nbsp;secured&nbsp;<b>Tesla Inc</b>.and<b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc.</b>&nbsp;subsidiary Google as its high-profile customers in June.</p><p><blockquote><b>高调<a href=\"https://laohu8.com/S/CUBI\">客户</a></b>：AMD安全<b>特斯拉公司</b>.和<b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>公司。</b>子公司谷歌作为其6月份备受瞩目的客户。</blockquote></p><p> <b>Price Action</b>: Advanced Micro Devices shares closed 3.6% higher in Tuesday’s regular trading session at $112.56.</p><p><blockquote><b>价格行为</b>: Advanced Micro Devices 股价在周二的常规交易时段收盘上涨 3.6%，报 112.56 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184521901","content_text":"Shares of Advanced Micro Devices Inc. AMD extended gains to a fifth straight day and closed 3.6% higher in Tuesday’s regular trading session.\nWhat Happened: Advanced Micro Devices shares also hit a new 52-week high of $114.85 on Tuesday after the chipmakerannouncedthe availability of its new AMD Radeon PRO W6000X series GPUs for Apple Inc.’s Mac Pro desktop computers.\nIn addition, the company’s shares likely benefited after Bloombergreportedthat UK regulators may block rival chipmakerNvidia Corp.’sNVDA$40 billion acquisition of UK-based chipmaker Arm Ltd. due to national security concerns.\nMomentum From Q2 Results: AMD’s shares have been picked up momentum after the companyreportedbetter-than-expected second-quarter results last week.\nRetail Interest: AMD is seeinghigh interestfrom retail investors and was the third-most discussed stock on Reddit’s r/WallStreetBets forum as of Tuesday night. The forum, which has 10.7 million users, is best known for driving the rally in GameStop Corp. and other heavily shorted stocks earlier this year.\nIntel Production Woes: In June, CNBC host Cramernotedthat Intel Corp. delaying production of one of its newest chips, code-named Sapphire Rapids, was “another reason” to buy shares in AMD. The delay by Intel is seen as creating an opportunity for AMD to gain market share.\nHigh-Profile Customers: AMD secured Tesla Inc.andAlphabet Inc. subsidiary Google as its high-profile customers in June.\nPrice Action: Advanced Micro Devices shares closed 3.6% higher in Tuesday’s regular trading session at $112.56.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":2422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802992718,"gmtCreate":1627704252534,"gmtModify":1631890264854,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570923041276809","authorIdStr":"3570923041276809"},"themes":[],"title":"","htmlText":"It would be an incredible merger if it happens","listText":"It would be an incredible merger if it happens","text":"It would be an incredible merger if it happens","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/802992718","repostId":"2155492152","repostType":4,"isVote":1,"tweetType":1,"viewCount":2426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182162832,"gmtCreate":1623558354626,"gmtModify":1634031710859,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570923041276809","authorIdStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Fly him and Amazon share price to the moon [Cool]&nbsp;","listText":"Fly him and Amazon share price to the moon [Cool]&nbsp;","text":"Fly him and Amazon share price to the moon [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/182162832","repostId":"1191179846","repostType":4,"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139606763,"gmtCreate":1621610131752,"gmtModify":1634187651642,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570923041276809","authorIdStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Interesting read","listText":"Interesting read","text":"Interesting read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/139606763","repostId":"1197544614","repostType":2,"repost":{"id":"1197544614","kind":"news","pubTimestamp":1621600946,"share":"https://www.laohu8.com/m/news/1197544614?lang=zh_CN&edition=full","pubTime":"2021-05-21 20:42","market":"us","language":"en","title":"Apple Stock: How Long Should You Hold It?<blockquote>苹果股票：你应该持有多久？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197544614","media":"TheStreet","summary":"For best performance, how long should Apple stock be held in a portfolio? The Apple Maven discusses ","content":"<p>For best performance, how long should Apple stock be held in a portfolio? The Apple Maven discusses what traders, speculators and investors should expect when betting on AAPL.</p><p><blockquote>为了获得最佳表现，苹果股票应该在投资组合中持有多长时间？这位苹果专家讨论了交易员、投机者和投资者在押注AAPL时应该期待什么。</blockquote></p><p> The&nbsp;Street’s&nbsp;Jim Cramer has said it repeatedly: own Apple stock (ticker $AAPL), don’t trade it. Today, the Apple Maven revisits this idea to help determine how long one should hold Apple shares.</p><p><blockquote>华尔街的吉姆·克莱默(Jim Cramer)多次表示：拥有苹果股票（股票代码$AAPL），不要交易它。今天，这位苹果专家重新审视了这个想法，以帮助确定应该持有苹果股票多长时间。</blockquote></p><p> Below is an analysis of how much one might expect to gain if (1) day-trading, (2) speculating on, or (3) investing in Apple stock. Obviously, since the future is uncertain, the analysis is based on historical data – which I believe can at least provide a blueprint for future share price performance.</p><p><blockquote>以下是对(1)日内交易、(2)投机或(3)投资苹果股票的预期收益的分析。显然，由于未来不确定，分析基于历史数据——我相信这至少可以为未来股价表现提供蓝图。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6726ed885cefb1c7f81fe0ac2f6eff7c\" tg-width=\"799\" tg-height=\"466\"><span>Figure 1: AAPL trading chart.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：AAPL交易图表。</span></p></blockquote></p><p> <b>#1. AAPL investors: long-term winners</b></p><p><blockquote><b>#1.AAPL投资者：长期赢家</b></blockquote></p><p> As I mentioned&nbsp;in my recent “Apple Stock 101” article, investors that bought Apple shares in December 1980 (i.e. the IPO date) and held onto them until now realized impressive annualized gains of&nbsp;<b>19%</b>. Clearly, AAPL has been a good asset to “get and forget” over Apple’s tenure as a publicly-traded company.</p><p><blockquote>正如我在最近的“苹果股票101”文章中提到的，在1980年12月（即IPO日期）购买苹果股票并持有至今的投资者实现了令人印象深刻的年化收益<b>19%</b>显然，在苹果担任上市公司期间，AAPL一直是一笔值得“忘记”的好资产。</blockquote></p><p> But allow me to work with more realistic time frames. For this exercise, I will consider “investors” those who hold AAPL for one year. To be clear, many might consider twelve months a minimum investment horizon to qualify as long term.</p><p><blockquote>但是请允许我用更现实的时间框架来工作。在这个练习中，我将把持有AAPL一年的人视为“投资者”。需要明确的是，许多人可能认为12个月是符合长期投资资格的最低投资期限。</blockquote></p><p> Also, I am limiting my analysis to the past 20 years, since the stock used to be much riskier and more volatile in its first couple of decades of existence than it is now. Apple stock’s returns have been even better during this period that begins with the end of the dot-com correction:<b>35%</b>&nbsp;annualized.</p><p><blockquote>此外，我将我的分析限制在过去20年，因为该股票在其存在的头几十年里的风险和波动性都比现在高得多。在从互联网调整结束开始的这段时间里，苹果股票的回报甚至更好：<b>35%</b>年化。</blockquote></p><p> The chart below shows the distribution of&nbsp;<i>weekly returns</i>&nbsp;earned by an Apple stock investor, using the parameters described above, if the bet had been made on any give day since May 2001.</p><p><blockquote>下图显示了<i>每周回报</i>如果自2001年5月以来的任何一天下注，则由苹果股票投资者使用上述参数赚取。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d658a73af3c004123aa9e0d29906ebe7\" tg-width=\"703\" tg-height=\"418\"><span>Figure 2: AAPL investor's weekly return distribution.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AAPL投资者的每周回报分布。</span></p></blockquote></p><p> <ul>  <li><b>Key observation</b>: if held for one year, and based on historical observations alone (i.e. not on modeled projections for the future), Apple stock can arguably be expected to produce weekly returns of about +0.5% to +1.0%. Rarely has the stock been a big-time winner or loser – say, weekly returns of more than +2% or less than -1% on average – when the investment horizon is one year.</li> </ul> <b>#2. AAPL speculators: higher octane</b></p><p><blockquote><ul><li><b>关键观察</b>：如果持有一年，并且仅基于历史观察（即不是基于对未来的模型预测），苹果股票可以预期产生约+0.5%至+1.0%的周回报率。当投资期限为一年时，该股票很少成为大赢家或大输家（例如，平均每周回报率超过+2%或低于-1%）。</li></ul><b>#2.AAPL投机者：辛烷值更高</b></blockquote></p><p> Speculators have had a bit different experience from the above. Here, I characterize as “speculator” someone who buys AAPL and sells it ten weeks later, or roughly two and a half months after the purchase date.</p><p><blockquote>投机者的经历与上述略有不同。在这里，我将买入AAPL并在十周后（即购买日期后大约两个半月）卖出的人描述为“投机者”。</blockquote></p><p> See histogram below. For ease of comparison with the weekly return analysis immediately above, I kept the chart’s scale unchanged.</p><p><blockquote>参见下面的直方图。为了便于与上面的每周回报分析进行比较，我保持图表的比例不变。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/209f65d605439ca2f039619f15f5fc68\" tg-width=\"690\" tg-height=\"404\"><span>Figure 3: AAPL speculator's weekly return distribution.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3：AAPL投机者的周回报分布。</span></p></blockquote></p><p> <ul>  <li><b>Key observation</b>: the distribution above is still somewhat bell-shaped, meaning that a weekly return of between +0.5% and +1.0% is still quite common. However, notice the much “fatter tails”. The probability of larger weekly gains or losses tends to increase when Apple stock is held for ten weeks rather than one year.</li> </ul> <b>#3. AAPL day-traders: buckle up!</b></p><p><blockquote><ul><li><b>关键观察</b>：上面的分布仍然有点钟形，这意味着+0.5%到+1.0%之间的周回报率仍然很常见。然而，请注意“更胖的尾巴”。当苹果股票持有十周而不是一年时，每周收益或损失较大的概率往往会增加。</li></ul><b>#3.AAPL日内交易者：系好安全带！</b></blockquote></p><p> Lastly, day-traders that buy Apple stock and sell it within less than a full week have been playing a completely different game. Once again, the histogram below depicts the average<i>weekly return</i>in AAPL when the timeframe is compressed to no more than 7 days. The chart scale, again, remains unchanged for ease of comparison.</p><p><blockquote>最后，买入苹果股票并在不到一周的时间内卖出的日内交易者一直在玩一种完全不同的游戏。同样，下面的直方图描述了平均值<i>每周回报</i>在AAPL，当时间范围被压缩到不超过7天时。为了便于比较，图表比例保持不变。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f77febcce32d4bcc45cf275cc5936671\" tg-width=\"657\" tg-height=\"395\"><span>Figure 4: AAPL day traders's weekly return distribution.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图4：AAPL日内交易者的周回报分布。</span></p></blockquote></p><p> <ul>  <li><b>Key observation</b>: when buying and selling AAPL in a matter of days, it is most common for the bets to result in much more sizable weekly gains or losses: less than -2.0% or more than +2.0%. Earning long-term average gains of about +0.5% to +1.0%, in these cases, has been a rarity.</li> </ul> <b>What to make of it all</b></p><p><blockquote><ul><li><b>关键观察</b>：当在几天内买卖AAPL时，最常见的情况是赌注会导致更大的每周收益或损失：小于-2.0%或大于+2.0%。在这些情况下，获得约+0.5%至+1.0%的长期平均收益是罕见的。</li></ul><b>如何理解这一切</b></blockquote></p><p> Back to the original question: how long should Apple stock be held? Based on historical analysis, the answer really depends on personal goals. Here is the roadmap:</p><p><blockquote>回到最初的问题：苹果股票应该持有多久？基于历史分析，答案确实取决于个人目标。以下是路线图：</blockquote></p><p></p><p> <ul>  <li>If merely seeking long-term capital appreciation that might be market-beating, but probably not by a very wide margin, buying AAPL and holding it for a year or more is highly advisable. Speculative bets of a few weeks here and there (say, selling into strength and buying into weakness based on price action) could help to boost returns, if the trades are well executed.</li>  <li>If seeking outsized gains, trading AAPL within days would be the best approach. However, this strategy is also the riskiest, as it could lead to outsized losses instead. I believe that day-trading Apple stock is the least advisable approach to most people, but possibly an interesting proposition for a select few.</li> </ul></p><p><blockquote><ul><li>如果只是寻求可能跑赢市场的长期资本增值，但幅度可能不会很大，那么购买AAPL并持有一年或更长时间是非常明智的。如果交易执行良好，在这里或那里进行几周的投机性押注（例如，根据价格走势在强势时卖出，在弱势时买入）可能有助于提高回报。</li><li>如果寻求巨额收益，在几天内交易AAPL将是最好的方法。然而，这种策略也是风险最大的，因为它可能会导致巨大的损失。我相信日内交易苹果股票对大多数人来说是最不可取的方法，但对少数人来说可能是一个有趣的提议。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: How Long Should You Hold It?<blockquote>苹果股票：你应该持有多久？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock: How Long Should You Hold It?<blockquote>苹果股票：你应该持有多久？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-05-21 20:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>For best performance, how long should Apple stock be held in a portfolio? The Apple Maven discusses what traders, speculators and investors should expect when betting on AAPL.</p><p><blockquote>为了获得最佳表现，苹果股票应该在投资组合中持有多长时间？这位苹果专家讨论了交易员、投机者和投资者在押注AAPL时应该期待什么。</blockquote></p><p> The&nbsp;Street’s&nbsp;Jim Cramer has said it repeatedly: own Apple stock (ticker $AAPL), don’t trade it. Today, the Apple Maven revisits this idea to help determine how long one should hold Apple shares.</p><p><blockquote>华尔街的吉姆·克莱默(Jim Cramer)多次表示：拥有苹果股票（股票代码$AAPL），不要交易它。今天，这位苹果专家重新审视了这个想法，以帮助确定应该持有苹果股票多长时间。</blockquote></p><p> Below is an analysis of how much one might expect to gain if (1) day-trading, (2) speculating on, or (3) investing in Apple stock. Obviously, since the future is uncertain, the analysis is based on historical data – which I believe can at least provide a blueprint for future share price performance.</p><p><blockquote>以下是对(1)日内交易、(2)投机或(3)投资苹果股票的预期收益的分析。显然，由于未来不确定，分析基于历史数据——我相信这至少可以为未来股价表现提供蓝图。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6726ed885cefb1c7f81fe0ac2f6eff7c\" tg-width=\"799\" tg-height=\"466\"><span>Figure 1: AAPL trading chart.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：AAPL交易图表。</span></p></blockquote></p><p> <b>#1. AAPL investors: long-term winners</b></p><p><blockquote><b>#1.AAPL投资者：长期赢家</b></blockquote></p><p> As I mentioned&nbsp;in my recent “Apple Stock 101” article, investors that bought Apple shares in December 1980 (i.e. the IPO date) and held onto them until now realized impressive annualized gains of&nbsp;<b>19%</b>. Clearly, AAPL has been a good asset to “get and forget” over Apple’s tenure as a publicly-traded company.</p><p><blockquote>正如我在最近的“苹果股票101”文章中提到的，在1980年12月（即IPO日期）购买苹果股票并持有至今的投资者实现了令人印象深刻的年化收益<b>19%</b>显然，在苹果担任上市公司期间，AAPL一直是一笔值得“忘记”的好资产。</blockquote></p><p> But allow me to work with more realistic time frames. For this exercise, I will consider “investors” those who hold AAPL for one year. To be clear, many might consider twelve months a minimum investment horizon to qualify as long term.</p><p><blockquote>但是请允许我用更现实的时间框架来工作。在这个练习中，我将把持有AAPL一年的人视为“投资者”。需要明确的是，许多人可能认为12个月是符合长期投资资格的最低投资期限。</blockquote></p><p> Also, I am limiting my analysis to the past 20 years, since the stock used to be much riskier and more volatile in its first couple of decades of existence than it is now. Apple stock’s returns have been even better during this period that begins with the end of the dot-com correction:<b>35%</b>&nbsp;annualized.</p><p><blockquote>此外，我将我的分析限制在过去20年，因为该股票在其存在的头几十年里的风险和波动性都比现在高得多。在从互联网调整结束开始的这段时间里，苹果股票的回报甚至更好：<b>35%</b>年化。</blockquote></p><p> The chart below shows the distribution of&nbsp;<i>weekly returns</i>&nbsp;earned by an Apple stock investor, using the parameters described above, if the bet had been made on any give day since May 2001.</p><p><blockquote>下图显示了<i>每周回报</i>如果自2001年5月以来的任何一天下注，则由苹果股票投资者使用上述参数赚取。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d658a73af3c004123aa9e0d29906ebe7\" tg-width=\"703\" tg-height=\"418\"><span>Figure 2: AAPL investor's weekly return distribution.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AAPL投资者的每周回报分布。</span></p></blockquote></p><p> <ul>  <li><b>Key observation</b>: if held for one year, and based on historical observations alone (i.e. not on modeled projections for the future), Apple stock can arguably be expected to produce weekly returns of about +0.5% to +1.0%. Rarely has the stock been a big-time winner or loser – say, weekly returns of more than +2% or less than -1% on average – when the investment horizon is one year.</li> </ul> <b>#2. AAPL speculators: higher octane</b></p><p><blockquote><ul><li><b>关键观察</b>：如果持有一年，并且仅基于历史观察（即不是基于对未来的模型预测），苹果股票可以预期产生约+0.5%至+1.0%的周回报率。当投资期限为一年时，该股票很少成为大赢家或大输家（例如，平均每周回报率超过+2%或低于-1%）。</li></ul><b>#2.AAPL投机者：辛烷值更高</b></blockquote></p><p> Speculators have had a bit different experience from the above. Here, I characterize as “speculator” someone who buys AAPL and sells it ten weeks later, or roughly two and a half months after the purchase date.</p><p><blockquote>投机者的经历与上述略有不同。在这里，我将买入AAPL并在十周后（即购买日期后大约两个半月）卖出的人描述为“投机者”。</blockquote></p><p> See histogram below. For ease of comparison with the weekly return analysis immediately above, I kept the chart’s scale unchanged.</p><p><blockquote>参见下面的直方图。为了便于与上面的每周回报分析进行比较，我保持图表的比例不变。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/209f65d605439ca2f039619f15f5fc68\" tg-width=\"690\" tg-height=\"404\"><span>Figure 3: AAPL speculator's weekly return distribution.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图3：AAPL投机者的周回报分布。</span></p></blockquote></p><p> <ul>  <li><b>Key observation</b>: the distribution above is still somewhat bell-shaped, meaning that a weekly return of between +0.5% and +1.0% is still quite common. However, notice the much “fatter tails”. The probability of larger weekly gains or losses tends to increase when Apple stock is held for ten weeks rather than one year.</li> </ul> <b>#3. AAPL day-traders: buckle up!</b></p><p><blockquote><ul><li><b>关键观察</b>：上面的分布仍然有点钟形，这意味着+0.5%到+1.0%之间的周回报率仍然很常见。然而，请注意“更胖的尾巴”。当苹果股票持有十周而不是一年时，每周收益或损失较大的概率往往会增加。</li></ul><b>#3.AAPL日内交易者：系好安全带！</b></blockquote></p><p> Lastly, day-traders that buy Apple stock and sell it within less than a full week have been playing a completely different game. Once again, the histogram below depicts the average<i>weekly return</i>in AAPL when the timeframe is compressed to no more than 7 days. The chart scale, again, remains unchanged for ease of comparison.</p><p><blockquote>最后，买入苹果股票并在不到一周的时间内卖出的日内交易者一直在玩一种完全不同的游戏。同样，下面的直方图描述了平均值<i>每周回报</i>在AAPL，当时间范围被压缩到不超过7天时。为了便于比较，图表比例保持不变。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f77febcce32d4bcc45cf275cc5936671\" tg-width=\"657\" tg-height=\"395\"><span>Figure 4: AAPL day traders's weekly return distribution.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图4：AAPL日内交易者的周回报分布。</span></p></blockquote></p><p> <ul>  <li><b>Key observation</b>: when buying and selling AAPL in a matter of days, it is most common for the bets to result in much more sizable weekly gains or losses: less than -2.0% or more than +2.0%. Earning long-term average gains of about +0.5% to +1.0%, in these cases, has been a rarity.</li> </ul> <b>What to make of it all</b></p><p><blockquote><ul><li><b>关键观察</b>：当在几天内买卖AAPL时，最常见的情况是赌注会导致更大的每周收益或损失：小于-2.0%或大于+2.0%。在这些情况下，获得约+0.5%至+1.0%的长期平均收益是罕见的。</li></ul><b>如何理解这一切</b></blockquote></p><p> Back to the original question: how long should Apple stock be held? Based on historical analysis, the answer really depends on personal goals. Here is the roadmap:</p><p><blockquote>回到最初的问题：苹果股票应该持有多久？基于历史分析，答案确实取决于个人目标。以下是路线图：</blockquote></p><p></p><p> <ul>  <li>If merely seeking long-term capital appreciation that might be market-beating, but probably not by a very wide margin, buying AAPL and holding it for a year or more is highly advisable. Speculative bets of a few weeks here and there (say, selling into strength and buying into weakness based on price action) could help to boost returns, if the trades are well executed.</li>  <li>If seeking outsized gains, trading AAPL within days would be the best approach. However, this strategy is also the riskiest, as it could lead to outsized losses instead. I believe that day-trading Apple stock is the least advisable approach to most people, but possibly an interesting proposition for a select few.</li> </ul></p><p><blockquote><ul><li>如果只是寻求可能跑赢市场的长期资本增值，但幅度可能不会很大，那么购买AAPL并持有一年或更长时间是非常明智的。如果交易执行良好，在这里或那里进行几周的投机性押注（例如，根据价格走势在强势时卖出，在弱势时买入）可能有助于提高回报。</li><li>如果寻求巨额收益，在几天内交易AAPL将是最好的方法。然而，这种策略也是风险最大的，因为它可能会导致巨大的损失。我相信日内交易苹果股票对大多数人来说是最不可取的方法，但对少数人来说可能是一个有趣的提议。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/stock/apple-stock-how-long-should-you-hold-it\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/apple-stock-how-long-should-you-hold-it","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197544614","content_text":"For best performance, how long should Apple stock be held in a portfolio? The Apple Maven discusses what traders, speculators and investors should expect when betting on AAPL.\nThe Street’s Jim Cramer has said it repeatedly: own Apple stock (ticker $AAPL), don’t trade it. Today, the Apple Maven revisits this idea to help determine how long one should hold Apple shares.\nBelow is an analysis of how much one might expect to gain if (1) day-trading, (2) speculating on, or (3) investing in Apple stock. Obviously, since the future is uncertain, the analysis is based on historical data – which I believe can at least provide a blueprint for future share price performance.\nFigure 1: AAPL trading chart.\n#1. AAPL investors: long-term winners\nAs I mentioned in my recent “Apple Stock 101” article, investors that bought Apple shares in December 1980 (i.e. the IPO date) and held onto them until now realized impressive annualized gains of 19%. Clearly, AAPL has been a good asset to “get and forget” over Apple’s tenure as a publicly-traded company.\nBut allow me to work with more realistic time frames. For this exercise, I will consider “investors” those who hold AAPL for one year. To be clear, many might consider twelve months a minimum investment horizon to qualify as long term.\nAlso, I am limiting my analysis to the past 20 years, since the stock used to be much riskier and more volatile in its first couple of decades of existence than it is now. Apple stock’s returns have been even better during this period that begins with the end of the dot-com correction:35% annualized.\nThe chart below shows the distribution of weekly returns earned by an Apple stock investor, using the parameters described above, if the bet had been made on any give day since May 2001.\nFigure 2: AAPL investor's weekly return distribution.\n\nKey observation: if held for one year, and based on historical observations alone (i.e. not on modeled projections for the future), Apple stock can arguably be expected to produce weekly returns of about +0.5% to +1.0%. Rarely has the stock been a big-time winner or loser – say, weekly returns of more than +2% or less than -1% on average – when the investment horizon is one year.\n\n#2. AAPL speculators: higher octane\nSpeculators have had a bit different experience from the above. Here, I characterize as “speculator” someone who buys AAPL and sells it ten weeks later, or roughly two and a half months after the purchase date.\nSee histogram below. For ease of comparison with the weekly return analysis immediately above, I kept the chart’s scale unchanged.\nFigure 3: AAPL speculator's weekly return distribution.\n\nKey observation: the distribution above is still somewhat bell-shaped, meaning that a weekly return of between +0.5% and +1.0% is still quite common. However, notice the much “fatter tails”. The probability of larger weekly gains or losses tends to increase when Apple stock is held for ten weeks rather than one year.\n\n#3. AAPL day-traders: buckle up!\nLastly, day-traders that buy Apple stock and sell it within less than a full week have been playing a completely different game. Once again, the histogram below depicts the averageweekly returnin AAPL when the timeframe is compressed to no more than 7 days. The chart scale, again, remains unchanged for ease of comparison.\nFigure 4: AAPL day traders's weekly return distribution.\n\nKey observation: when buying and selling AAPL in a matter of days, it is most common for the bets to result in much more sizable weekly gains or losses: less than -2.0% or more than +2.0%. Earning long-term average gains of about +0.5% to +1.0%, in these cases, has been a rarity.\n\nWhat to make of it all\nBack to the original question: how long should Apple stock be held? Based on historical analysis, the answer really depends on personal goals. Here is the roadmap:\n\nIf merely seeking long-term capital appreciation that might be market-beating, but probably not by a very wide margin, buying AAPL and holding it for a year or more is highly advisable. Speculative bets of a few weeks here and there (say, selling into strength and buying into weakness based on price action) could help to boost returns, if the trades are well executed.\nIf seeking outsized gains, trading AAPL within days would be the best approach. However, this strategy is also the riskiest, as it could lead to outsized losses instead. I believe that day-trading Apple stock is the least advisable approach to most people, but possibly an interesting proposition for a select few.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324734320,"gmtCreate":1616030094660,"gmtModify":1703496575646,"author":{"id":"3570923041276809","authorId":"3570923041276809","name":"potatochip","avatar":"https://static.tigerbbs.com/279b09d8c5dbf0fd92a959709ef9b5ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570923041276809","authorIdStr":"3570923041276809"},"themes":[],"title":"","htmlText":"Privacy has become a&nbsp;valuable commodity&nbsp;","listText":"Privacy has become a&nbsp;valuable commodity&nbsp;","text":"Privacy has become a valuable commodity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/324734320","repostId":"1138302707","repostType":2,"isVote":1,"tweetType":1,"viewCount":540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}