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Foreverhuat
Foreverhuat
·
2021-12-22
Ok
Amgen's Otezla Wins FDA Approval For Psoriasis, Regardless Of Severity Level<blockquote>安进的 Otezla 赢得 FDA 批准用于治疗牛皮癣，无论严重程度如何</blockquote>
The FDA has approved Amgen Inc's Otezla (apremilast) to treat adult patients with plaque psoriasis w
Amgen's Otezla Wins FDA Approval For Psoriasis, Regardless Of Severity Level<blockquote>安进的 Otezla 赢得 FDA 批准用于治疗牛皮癣，无论严重程度如何</blockquote>
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Foreverhuat
Foreverhuat
·
2021-12-20
Yup
非常抱歉，此主贴已删除
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Foreverhuat
Foreverhuat
·
2021-12-15
Wa
非常抱歉，此主贴已删除
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4
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Foreverhuat
Foreverhuat
·
2021-12-07
Oo
Apple: A True 'Never Sell' Position<blockquote>苹果：真正的“永不出售”立场</blockquote>
Summary With $315B in authorized share buybacks and a 0.6% yield, Apple should return 4.3% on share
Apple: A True 'Never Sell' Position<blockquote>苹果：真正的“永不出售”立场</blockquote>
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Foreverhuat
Foreverhuat
·
2021-12-06
Not bad
Will Apple Stock Fly or Fall in 2022?<blockquote>2022年苹果股市是涨是跌？</blockquote>
Supply chain challenges and weak demand could derail the iPhone maker.
Will Apple Stock Fly or Fall in 2022?<blockquote>2022年苹果股市是涨是跌？</blockquote>
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Foreverhuat
Foreverhuat
·
2021-12-05
Cool
US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</blockquote>
The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billi
US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</blockquote>
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Foreverhuat
Foreverhuat
·
2021-12-04
Yo
US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</blockquote>
The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billi
US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</blockquote>
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Foreverhuat
Foreverhuat
·
2021-12-03
Mmm
非常抱歉，此主贴已删除
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Foreverhuat
Foreverhuat
·
2021-12-02
Wah
Ride-hailing firm stocks jumped in morning trading<blockquote>打车公司股票在早盘交易中上涨</blockquote>
Ride-hailing firm stocks jumped in morning trading.Uber and Lyft shares surged 6%. U.S. ride-hailin
Ride-hailing firm stocks jumped in morning trading<blockquote>打车公司股票在早盘交易中上涨</blockquote>
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Foreverhuat
Foreverhuat
·
2021-11-29
Also
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therapy.</p><p><blockquote>FDA已批准<b>安进公司</b>Otezla（apremilast）用于治疗适合接受光疗或全身治疗的成年斑块状银屑病患者。</blockquote></p><p> <ul> <li>With this expanded indication, Otezla is now the first and only oral treatment approved in adult patients with plaque psoriasis across all severities, including mild, moderate, and severe.</li> <li>The FDA approval is based on Phase 3 ADVANCE trial data. Five times as many adults receiving oral Otezla 30 achieved the primary endpoint of Static Physician's Global Assessment response at week 16 compared to placebo (21.6% versus 4.1%).</li> <li>Otezla is approved for three indications in the U.S.</li> <li><b>Price Action:</b> AMGN shares closed at $219.99 on Monday.</li> </ul></p><p><blockquote><ul><li>有了这一扩展的适应症，Otezla现在是第一个也是唯一一个被批准用于所有严重程度（包括轻度、中度和重度）斑块状银屑病成人患者的口服治疗药物。</li><li>FDA的批准是基于3期先进试验数据。与安慰剂组相比，接受口服Otezla 30的成人在第16周达到静态医师全球评估反应的主要终点的人数是安慰剂组的5倍（21.6%对4.1%）。</li><li>Otezla在美国被批准用于三种适应症。</li><li><b>价格行为：</b>AMGN 股价周一收于 219.99 美元。</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>Amgen's Otezla Wins FDA Approval For Psoriasis, Regardless Of Severity Level<blockquote>安进的 Otezla 赢得 FDA 批准用于治疗牛皮癣，无论严重程度如何</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\">\nAmgen's Otezla Wins FDA Approval For Psoriasis, Regardless Of Severity Level<blockquote>安进的 Otezla 赢得 FDA 批准用于治疗牛皮癣，无论严重程度如何</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 Earnings </p>\n<p class=\"h-time smaller\">2021-12-21 22:48</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>The FDA has approved <b>Amgen Inc's</b> Otezla (apremilast) to treat adult patients with plaque psoriasis who are candidates for phototherapy or systemic therapy.</p><p><blockquote>FDA已批准<b>安进公司</b>Otezla（apremilast）用于治疗适合接受光疗或全身治疗的成年斑块状银屑病患者。</blockquote></p><p> <ul> <li>With this expanded indication, Otezla is now the first and only oral treatment approved in adult patients with plaque psoriasis across all severities, including mild, moderate, and severe.</li> <li>The FDA approval is based on Phase 3 ADVANCE trial data. Five times as many adults receiving oral Otezla 30 achieved the primary endpoint of Static Physician's Global Assessment response at week 16 compared to placebo (21.6% versus 4.1%).</li> <li>Otezla is approved for three indications in the U.S.</li> <li><b>Price Action:</b> AMGN shares closed at $219.99 on Monday.</li> </ul></p><p><blockquote><ul><li>有了这一扩展的适应症，Otezla现在是第一个也是唯一一个被批准用于所有严重程度（包括轻度、中度和重度）斑块状银屑病成人患者的口服治疗药物。</li><li>FDA的批准是基于3期先进试验数据。与安慰剂组相比，接受口服Otezla 30的成人在第16周达到静态医师全球评估反应的主要终点的人数是安慰剂组的5倍（21.6%对4.1%）。</li><li>Otezla在美国被批准用于三种适应症。</li><li><b>价格行为：</b>AMGN 股价周一收于 219.99 美元。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMGN":"安进"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198919837","content_text":"The FDA has approved Amgen Inc's Otezla (apremilast) to treat adult patients with plaque psoriasis who are candidates for phototherapy or systemic therapy.\n\nWith this expanded indication, Otezla is now the first and only oral treatment approved in adult patients with plaque psoriasis across all severities, including mild, moderate, and severe.\nThe FDA approval is based on Phase 3 ADVANCE trial data. Five times as many adults receiving oral Otezla 30 achieved the primary endpoint of Static Physician's Global Assessment response at week 16 compared to placebo (21.6% versus 4.1%).\nOtezla is approved for three indications in the U.S.\nPrice Action: AMGN shares closed at $219.99 on Monday.","news_type":1,"symbols_score_info":{"AMGN":0.9}},"isVote":1,"tweetType":1,"viewCount":3526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693025426,"gmtCreate":1639940791482,"gmtModify":1639940791786,"author":{"id":"3580354890331124","authorId":"3580354890331124","name":"Foreverhuat","avatar":"https://static.tigerbbs.com/62fc823435d8b068f4f4c4263b83900a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580354890331124","idStr":"3580354890331124"},"themes":[],"title":"","htmlText":"Yup","listText":"Yup","text":"Yup","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693025426","repostId":"2192903795","repostType":4,"isVote":1,"tweetType":1,"viewCount":3823,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607801895,"gmtCreate":1639520930455,"gmtModify":1639520930694,"author":{"id":"3580354890331124","authorId":"3580354890331124","name":"Foreverhuat","avatar":"https://static.tigerbbs.com/62fc823435d8b068f4f4c4263b83900a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580354890331124","idStr":"3580354890331124"},"themes":[],"title":"","htmlText":"Wa","listText":"Wa","text":"Wa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607801895","repostId":"1155236279","repostType":4,"isVote":1,"tweetType":1,"viewCount":3940,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606593258,"gmtCreate":1638890301420,"gmtModify":1638890301682,"author":{"id":"3580354890331124","authorId":"3580354890331124","name":"Foreverhuat","avatar":"https://static.tigerbbs.com/62fc823435d8b068f4f4c4263b83900a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580354890331124","idStr":"3580354890331124"},"themes":[],"title":"","htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606593258","repostId":"1162682713","repostType":4,"repost":{"id":"1162682713","kind":"news","pubTimestamp":1638887298,"share":"https://www.laohunote.com/m/news/1162682713?lang=zh_CN&edition=full","pubTime":"2021-12-07 22:28","market":"us","language":"en","title":"Apple: A True 'Never Sell' Position<blockquote>苹果：真正的“永不出售”立场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162682713","media":"Seeking Alpha","summary":"Summary\n\nWith $315B in authorized share buybacks and a 0.6% yield, Apple should return 4.3% on share","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>With $315B in authorized share buybacks and a 0.6% yield, Apple should return 4.3% on shareholder-friendly practices alone.</li> <li>In addition, the company will still see double-digit growth in wearables and services, even if iPhone slows down a little.</li> <li>The Apple ecosystem also stands to get more intertwined with a potential Apple Car and AR/VR plays.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/404c4a2883110ed556fd9700c5cffb83\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>CatLane/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>凭借 315B 美元的授权股票回购和 0.6% 的收益率，苹果仅在对股东友好的做法上就应该获得 4.3% 的回报率。</li><li>此外，即使iPhone略有放缓，该公司在可穿戴设备和服务方面仍将实现两位数的增长。</li><li>苹果生态系统也将与潜在的苹果汽车和AR/VR游戏更加紧密地交织在一起。</li></ul><p class=\"t-img-caption\"><span>CatLane/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> At an almost $3T market cap, I am still a holder of Apple (AAPL). While I absolutely wish I would have bought more of this powerhouse in years past, I've made do with incremental gains from dividend reinvestment.</p><p><blockquote>市值接近 3 万美元，我仍然是苹果 (AAPL) 的持有者。虽然我绝对希望在过去几年里我能购买更多这家发电厂的股票，但我已经从股息再投资中获得了增量收益。</blockquote></p><p> The news cycle would have you believe that this behemoth has head-winds galore, and that the downfall could come any day now. With limited risk and potential galore, is the company worth buying today?</p><p><blockquote>新闻周期会让你相信这个庞然大物有很多逆风，它的垮台随时可能到来。由于风险有限且潜力巨大，该公司今天值得购买吗？</blockquote></p><p> <b>Limited Risk</b></p><p><blockquote><b>有限风险</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fe4e9d4f4aca197052840240959df43\" tg-width=\"640\" tg-height=\"831\" width=\"100%\" height=\"auto\"><span>Image: Forbes magazine cover, 2007</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片：福布斯杂志封面，2007 年</span></p></blockquote></p><p> I am familiar with cellphone manufacturers of days past. Nokia, for example, used to be the titan of industry. It was thought to be untouchable and then came the iPhone. I mean, just look at the Forbes cover above, \"can anyone catch the cell phone king?\"</p><p><blockquote>我对过去的手机制造商很熟悉。例如，诺基亚曾经是行业巨头。它被认为是不可触碰的，然后iPhone出现了。我的意思是，看看上面的福布斯封面，“有人能抓住手机之王吗？”</blockquote></p><p> That cover hit news stands on November 12, 2007, a few months after the iPhone had made its debut. The straw that broke Nokia's back, and the feature which gives Apple a moat wider than Apple Park today, The App Store launched in mid-2008.</p><p><blockquote>封面新闻发布于2007年11月12日，也就是iPhone首次亮相几个月后。压垮诺基亚的稻草，以及让苹果拥有比今天的苹果公园更宽的护城河的功能，2008年年中推出的App Store。</blockquote></p><p> The App Store, as simple as it may seem, gave Apple the keys to the kingdom. Rather than be limited to the few apps that came on your Nokia device, you could use one of the thousands of apps sold by third-party developers on the iPhone. This was the beginning of a world-beating ecosystem.</p><p><blockquote>虽然看起来很简单，但应用商店给了苹果王国的钥匙。你可以使用第三方开发者在iPhone上销售的数千个应用程序，而不是局限于诺基亚设备上的几个应用程序。这是一个举世闻名的生态系统的开始。</blockquote></p><p> Today, Apple's ecosystem has grown in a significant way. The growth of that ecosystem means that Apple \"fanboys\" would have to spend thousands of dollars, or work through significant inconveniences to switch.</p><p><blockquote>如今，苹果的生态系统已经显著增长。该生态系统的增长意味着苹果“粉丝”将不得不花费数千美元，或者克服巨大的不便来转换。</blockquote></p><p> Consider the user that has subscriptions to several apps, Air Pods, an Apple Watch, iPhone, iPad, and perhaps a MacBook. That person is not an outlier. If they consider switching to Android they'll have to cancel those several apps, throw their Apple Watch out, replace the AirPods, and would lose lots of great tie-in messaging functionality across the iPad and MacBook.</p><p><blockquote>考虑订阅了几个应用程序、Air Pods、苹果手表、iPhone、iPad，也许还有MacBook的用户。那个人不是局外人。如果他们考虑切换到Android，他们将不得不取消这几个应用程序，扔掉他们的苹果手表，更换AirPods，并将失去iPad和MacBook上许多出色的捆绑消息功能。</blockquote></p><p> First-world problems, absolutely. The tie-in, however, is real. Apple make world-class products that users love. They get caught up in all the added accessories which deliver a great experience and then they are customers for life.</p><p><blockquote>绝对是第一世界的问题。然而，这种搭配是真实的。苹果制造用户喜爱的世界级产品。他们被所有提供绝佳体验的附加配件所吸引，然后他们成为终身顾客。</blockquote></p><p> Apple stock, for all intents and purposes, is a better place to keep your money than cash because of this lack of risk. Should something start to topple this house of cards, it wouldn't happen overnight, and it certainly won't happen as rapidly as it happened to Nokia because of the switching costs Apple has built up.</p><p><blockquote>无论如何，苹果股票都是一个比现金更好的地方来存放你的钱，因为它没有风险。如果有什么事情开始推翻这个纸牌屋，它不会在一夜之间发生，而且由于苹果积累的转换成本，它肯定不会像诺基亚那样迅速发生。</blockquote></p><p> <b>Enviable Metrics</b></p><p><blockquote><b>令人羡慕的指标</b></blockquote></p><p> Despite running up against the law of large numbers, Apple continues to look stellar when considering a number of different metrics.</p><p><blockquote>尽管违反了大数定律，但在考虑许多不同的指标时，苹果仍然看起来非常出色。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/08f0199dd5d3c8dade8af08d884a5459\" tg-width=\"640\" tg-height=\"300\" width=\"100%\" height=\"auto\"><span>Image: Apple's debt per 10-K (Page 45)</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片：苹果每 10,000 美元的债务（第 45 页）</span></p></blockquote></p><p> The worst metric, in my opinion, Apple has is a 1.7 debt-to-equity ratio. However, on that figure, my mind may be stuck in a good days of positive interest rates. Much of Apple's $109B of debt is at a negligible (0.03-2%) interest rate. Higher end servicing costs sit a hair below 5%, but this makes up a minority of Apple's debt per the company's 10-K filings.</p><p><blockquote>在我看来，苹果最糟糕的指标是 1.7 的债务股本比率。然而，在这个数字上，我的思绪可能会停留在正利率的好日子里。苹果 1090 亿美元债务中的大部分利率可以忽略不计（0.03-2%）。高端服务成本略低于 5%，但根据该公司 10,000 份文件，这只占苹果公司债务的一小部分。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/547e6241dab1a7aef3e649fb0f10d5ff\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> All of that money did not go into internal projects, however, it went to share buybacks. Perhaps no company epitomizes share buybacks like Apple has over the last decade. The company has retired hundreds of billions of dollars' worth of stock to shareholders benefit, and it continues to do so today.</p><p><blockquote>所有这些钱都没有进入内部项目，而是用于股票回购。也许没有一家公司能像苹果在过去十年中那样成为股票回购的缩影。该公司已经退役了价值数千亿美元的股票以造福股东，并且至今仍在继续这样做。</blockquote></p><p> These share buybacks are why Berkshire Hathaway (BRK.B) now owns 5.5% of Apple. Back when many lauded Buffett for being late to the Apple train, he has proven his conviction worthwhile and helped an already massive Berkshire portfolio continue to beat the market with this high concentration investment.</p><p><blockquote>这些股票回购是伯克希尔哈撒韦公司 (BRK.B) 现在拥有苹果 5.5% 股份的原因。当许多人称赞巴菲特在苹果列车上迟到时，他已经证明了他的信念是值得的，并帮助已经庞大的伯克希尔投资组合继续凭借这种高度集中的投资击败市场。</blockquote></p><p> Buffett aside, Apple does excel in several metrics one should be looking for when investing in high-quality stocks. Return on equity here sits at an eye-popping 140% due to a pandemic induced expansion in net income.</p><p><blockquote>抛开巴菲特不谈，苹果在投资优质股票时应该关注的几个指标上确实表现出色。由于大流行导致的净利润扩张，这里的股本回报率高达 140%，令人瞠目结舌。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af2a898072faa8c46eeaa734222ff059\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Given the amount of debt, return on invested capital, likely, is the better metric to take a look at here. Apple's ROIC has been consistently over the 20% mark, which is a sign of a fantastic business.</p><p><blockquote>考虑到债务数额，投资资本回报率可能是更好的衡量标准。苹果的投资回报率一直在20%以上，这是一个了不起的业务的标志。</blockquote></p><p> Oh, and it probably goes without mentioning, but this business is cash rich. Apple, as of its last report, has $35B in cash on hand and $155B in marketable securities (a mix of current and non-current). With $190B in capital that the company can still deploy, Apple is certainly in an enviable position.</p><p><blockquote>哦，这可能不用说，但这个行业是现金丰富的。截至上一份报告，苹果手头有 35B 美元现金和 155B 美元有价证券（流动和非流动的混合）。凭借该公司仍可部署 190B 美元的资本，苹果无疑处于令人羡慕的地位。</blockquote></p><p> <b>Valuation: Rich</b></p><p><blockquote><b>估值：丰富</b></blockquote></p><p> Those metrics are not unknown, but they are incredible. It's no surprise that Apple will likely cross $3T market cap in the next year or so, but is the company worth buying at these high levels?</p><p><blockquote>这些指标并非未知，但它们令人难以置信。毫不奇怪，苹果的市值可能会在未来一年左右突破 3 万亿美元，但在如此高的水平上，该公司值得购买吗？</blockquote></p><p> As mentioned above, I view Apple as an almost cash like position. In a world of inflation, Apple has the balance sheet to carry it through, it has significant pricing power, and it has exceptionally high margins on its products to be able to weather the storm. Would you rather your money lose 5% of its buying power per year, or grow in an American titan like Apple?</p><p><blockquote>如上所述，我将苹果视为一个几乎类似现金的头寸。在通货膨胀的世界里，苹果有资产负债表来支撑它，它拥有强大的定价权，并且其产品的利润率异常高，能够经受住这场风暴。你愿意让你的钱每年失去5%的购买力，还是在苹果这样的美国巨头中成长？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/159a160cc869ef1cc00bd4eb8db7bd93\" tg-width=\"1280\" tg-height=\"720\" width=\"100%\" height=\"auto\"><span>Image: A mockup VR headset via BGR</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片：来自 BGR 的 VR 头显模型</span></p></blockquote></p><p> A valuation of Apple also has to include the potential for an Apple Car, or the AR/VR headsets that will be with us within the next 18-months. These types of projects have been kept well under wraps, but considering the valuations of EV manufacturers like Tesla (TSLA) and Rivian (RIVN), the market will reward Apple rather richly for a well-executed product.</p><p><blockquote>苹果的估值还必须包括苹果汽车的潜力，或者未来18个月内将出现在我们身边的AR/VR头显。这些类型的项目一直被严格保密，但考虑到特斯拉 (TSLA) 和Rivian (RIVN) 等电动汽车制造商的估值，市场将对苹果执行良好的产品给予相当丰厚的奖励。</blockquote></p><p> An Apple car with deep iOS integration,as is speculated, would further drive the ecosystem flywheel. In fact, it would take that flywheel to unimaginable levels. Imagine trying to leave an ecosystem where you have to replace a $50K (and I'm probably being cheap) car, a phone, a computer... it's quite the lock in.</p><p><blockquote>据推测，与 iOS 深度集成的苹果汽车将进一步推动生态系统飞轮。事实上，这将把飞轮带到难以想象的水平。想象一下，试图离开一个生态系统，在这个生态系统中，你必须更换一辆5万美元（我可能很便宜）的汽车、一部手机、一台电脑……很锁。</blockquote></p><p> Taking AR/VR into account, one would have to consider that AR could be a cannibalizing force for the iPhone. If one can see all they need through lenses and control those lenses through gestures or the Apple Watch, Apple could cannibalize the phone market.</p><p><blockquote>考虑到AR/VR，人们不得不考虑AR可能是iPhone的蚕食力量。如果人们可以通过镜头看到他们需要的一切，并通过手势或苹果手表控制这些镜头，苹果可以蚕食手机市场。</blockquote></p><p> That, however, is a good thing. Apple could price a novel item like AR glasses with higher margins than a phone. Fans and tech enthusiasts would pay that early adopter price and others would soon follow suit if the product lives up to the hype. It gets Apple out of the \"$1,000 for a phone\" line of thinking.</p><p><blockquote>然而，这是一件好事。苹果可以为像AR眼镜这样的新奇产品定价，利润率高于手机。粉丝和技术爱好者会支付早期采用者的价格，如果产品不负众望，其他人也会很快效仿。这让苹果摆脱了“一部手机1000美元”的思维模式。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88a008b34566e3309b095ad284807d12\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> All this to say, Apple's rich valuation today is a worthy one. At a PE of ~29, it's hardly extortionate, but it is outside of Apple's average over the last five years.</p><p><blockquote>综上所述，苹果今天的丰富估值是值得的。市盈率约为 29，算不上过分，但超出了苹果过去五年的平均水平。</blockquote></p><p> The ecosystem, one that ties its customers in for life, is where the value lies here and Apple has plans to expand that with vehicles and wearables. Even at a PE of 29, I believe this to be a secure long-term investment that will pay investors a dividend, albeit small, along the way while continuing to retire billions of dollars in stock ($315B authorized ~10%).</p><p><blockquote>生态系统是一个将客户终身联系在一起的生态系统，它是价值所在，苹果计划通过汽车和可穿戴设备来扩展这一价值。即使市盈率为 29，我相信这也是一项安全的长期投资，将向投资者支付股息，尽管很小，同时继续回收数十亿美元的股票（315B 美元授权约 10%）。</blockquote></p><p> <b>Addressing The Risks</b></p><p><blockquote><b>应对风险</b></blockquote></p><p> Fear and inflation. Fear is the largest and most significant risk that Apple faces. Buyers told that bad times are coming tend to zip up their pocketbooks. Buyers who have to spend 10% more on groceries suddenly don't have enough to buy the latest iPhone.</p><p><blockquote>恐惧和通货膨胀。恐惧是苹果面临的最大、最重要的风险。买家被告知，糟糕的时期即将到来，往往会勒紧钱包。不得不在食品杂货上多花10%的买家突然没有足够的钱购买最新的iPhone。</blockquote></p><p> These are external concerns that Apple has little control over. The company has, over the years, introduced buy-now-pay-later and subscription programs that help buyers get the goods they want at an affordable monthly price, and, as discussed, Apple has substantial margins that it could use to overcome significant headwinds in this space.</p><p><blockquote>这些都是苹果几乎无法控制的外部问题。多年来，该公司推出了先买后付和订阅计划，帮助买家以实惠的每月价格获得他们想要的商品，而且，正如所讨论的，苹果拥有可观的利润，可以用来克服这一领域的重大阻力。</blockquote></p><p> Execution is another risk Apple faces, especially as we look to these \"futuristic\" products. A self-driving car could be worth trillions of dollars in lifetime revenues, or it could be a dud upon release that never gets full approval to operate on the streets. Likewise, an AR headset that no one wants to be seen wearing, or that proves difficult to wear through the day, could be a dead-on-arrival product.</p><p><blockquote>执行是苹果面临的另一个风险，尤其是当我们期待这些“未来”产品时。一辆自动驾驶汽车的终身收入可能价值数万亿美元，也可能是一款发布后的哑弹，永远不会获得在街道上运行的完全批准。同样，没有人愿意被看到佩戴的 AR 耳机，或者被证明很难全天佩戴，可能是一款一成不变的产品。</blockquote></p><p> Given the nature of these two products and the secrecy surrounding their development, one cannot truly assign a real risk rating to them. They're just things to be aware of. Apple does have a history of great execution (MacBook keyboard and Touch Bar aside), however, so an investor should feel at least somewhat comfortable that the company will put its best foot forward.</p><p><blockquote>鉴于这两种产品的性质及其开发的保密性，人们无法真正给它们分配一个真正的风险评级。它们只是需要注意的事情。然而，苹果确实有着出色的执行力历史（除了 MacBook 键盘和触控栏），因此投资者至少应该对该公司将全力以赴感到有些放心。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p></p><p> At a valuation nearing $3T one would assume there isn't much room left to run in Apple, but investors still stand to beat the overall market in this name thanks to excellent capital allocation.</p><p><blockquote>估值接近 3 万亿美元，人们会认为苹果的运行空间已经不多了，但由于出色的资本配置，投资者仍然可以在这个名字上击败整体市场。</blockquote></p><p> Apple has $315B in authorized buybacks and returns some $14.5B in dividends each year. Apple will likely buyback close to $100B in stock during its 2022 fiscal year which, alone, represents a 3.7% return on today's prices. Combined with a dividend yield of 0.6%, investors will make 4.3% on this name through shareholder friendly practices alone.</p><p><blockquote>苹果拥有 315B 美元的授权回购，每年返还约 145B 美元的股息。苹果可能会在 2022 财年回购近 1000 亿美元的股票，按今天的价格计算，仅这一项就代表了 3.7% 的回报率。再加上 0.6% 的股息收益率，投资者仅通过对股东友好的做法就能从这个名字中获得 4.3%。</blockquote></p><p> Those numbers will compound too, another $100B in 2023, $100B in 2024, it all adds up. That $300B is all authorized too.</p><p><blockquote>这些数字也会复合，2023 年再增加 100B 美元，2024 年再增加 100B 美元，所有这些加起来。那3000亿美元也都是授权的。</blockquote></p><p> Along with those buybacks and dividends, investors are buying into a company that, last year, defied laws of large numbers and grew its top-line at 33%. While unlikely this year, I still expect that the wearables and services divisions will grow at double digits which will allow Apple to see high single-digit revenue growth through the coming 3-5 years.</p><p><blockquote>除了这些回购和股息之外，投资者还在买入一家去年无视大数字定律，营收增长 33% 的公司。虽然今年不太可能，但我仍然预计可穿戴设备和服务部门将以两位数的速度增长，这将使苹果在未来3-5年内实现高个位数的收入增长。</blockquote></p><p> Those with a bearish view on Apple act as though this juggernaut will vanish overnight, but that's simply not true. Sure, you're unlikely to pull down 30%+ annual returns going forward, but if you're looking for a high-quality stable business that can beat the market little-by-little, Apple is a great horse (or car) to back.</p><p><blockquote>那些对苹果持悲观看法的人表现得好像这个庞然大物会在一夜之间消失，但事实并非如此。当然，未来您不太可能降低 30% 以上的年回报率，但如果您正在寻找一家能够一点一点击败市场的高质量稳定企业，苹果是一匹很好的马（或汽车）。</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: A True 'Never Sell' Position<blockquote>苹果：真正的“永不出售”立场</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: A True 'Never Sell' Position<blockquote>苹果：真正的“永不出售”立场</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\">2021-12-07 22:28</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>With $315B in authorized share buybacks and a 0.6% yield, Apple should return 4.3% on shareholder-friendly practices alone.</li> <li>In addition, the company will still see double-digit growth in wearables and services, even if iPhone slows down a little.</li> <li>The Apple ecosystem also stands to get more intertwined with a potential Apple Car and AR/VR plays.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/404c4a2883110ed556fd9700c5cffb83\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>CatLane/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>凭借 315B 美元的授权股票回购和 0.6% 的收益率，苹果仅在对股东友好的做法上就应该获得 4.3% 的回报率。</li><li>此外，即使iPhone略有放缓，该公司在可穿戴设备和服务方面仍将实现两位数的增长。</li><li>苹果生态系统也将与潜在的苹果汽车和AR/VR游戏更加紧密地交织在一起。</li></ul><p class=\"t-img-caption\"><span>CatLane/iStock 未通过 Getty Images 发布</span></p></blockquote></p><p> At an almost $3T market cap, I am still a holder of Apple (AAPL). While I absolutely wish I would have bought more of this powerhouse in years past, I've made do with incremental gains from dividend reinvestment.</p><p><blockquote>市值接近 3 万美元，我仍然是苹果 (AAPL) 的持有者。虽然我绝对希望在过去几年里我能购买更多这家发电厂的股票，但我已经从股息再投资中获得了增量收益。</blockquote></p><p> The news cycle would have you believe that this behemoth has head-winds galore, and that the downfall could come any day now. With limited risk and potential galore, is the company worth buying today?</p><p><blockquote>新闻周期会让你相信这个庞然大物有很多逆风，它的垮台随时可能到来。由于风险有限且潜力巨大，该公司今天值得购买吗？</blockquote></p><p> <b>Limited Risk</b></p><p><blockquote><b>有限风险</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fe4e9d4f4aca197052840240959df43\" tg-width=\"640\" tg-height=\"831\" width=\"100%\" height=\"auto\"><span>Image: Forbes magazine cover, 2007</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片：福布斯杂志封面，2007 年</span></p></blockquote></p><p> I am familiar with cellphone manufacturers of days past. Nokia, for example, used to be the titan of industry. It was thought to be untouchable and then came the iPhone. I mean, just look at the Forbes cover above, \"can anyone catch the cell phone king?\"</p><p><blockquote>我对过去的手机制造商很熟悉。例如，诺基亚曾经是行业巨头。它被认为是不可触碰的，然后iPhone出现了。我的意思是，看看上面的福布斯封面，“有人能抓住手机之王吗？”</blockquote></p><p> That cover hit news stands on November 12, 2007, a few months after the iPhone had made its debut. The straw that broke Nokia's back, and the feature which gives Apple a moat wider than Apple Park today, The App Store launched in mid-2008.</p><p><blockquote>封面新闻发布于2007年11月12日，也就是iPhone首次亮相几个月后。压垮诺基亚的稻草，以及让苹果拥有比今天的苹果公园更宽的护城河的功能，2008年年中推出的App Store。</blockquote></p><p> The App Store, as simple as it may seem, gave Apple the keys to the kingdom. Rather than be limited to the few apps that came on your Nokia device, you could use one of the thousands of apps sold by third-party developers on the iPhone. This was the beginning of a world-beating ecosystem.</p><p><blockquote>虽然看起来很简单，但应用商店给了苹果王国的钥匙。你可以使用第三方开发者在iPhone上销售的数千个应用程序，而不是局限于诺基亚设备上的几个应用程序。这是一个举世闻名的生态系统的开始。</blockquote></p><p> Today, Apple's ecosystem has grown in a significant way. The growth of that ecosystem means that Apple \"fanboys\" would have to spend thousands of dollars, or work through significant inconveniences to switch.</p><p><blockquote>如今，苹果的生态系统已经显著增长。该生态系统的增长意味着苹果“粉丝”将不得不花费数千美元，或者克服巨大的不便来转换。</blockquote></p><p> Consider the user that has subscriptions to several apps, Air Pods, an Apple Watch, iPhone, iPad, and perhaps a MacBook. That person is not an outlier. If they consider switching to Android they'll have to cancel those several apps, throw their Apple Watch out, replace the AirPods, and would lose lots of great tie-in messaging functionality across the iPad and MacBook.</p><p><blockquote>考虑订阅了几个应用程序、Air Pods、苹果手表、iPhone、iPad，也许还有MacBook的用户。那个人不是局外人。如果他们考虑切换到Android，他们将不得不取消这几个应用程序，扔掉他们的苹果手表，更换AirPods，并将失去iPad和MacBook上许多出色的捆绑消息功能。</blockquote></p><p> First-world problems, absolutely. The tie-in, however, is real. Apple make world-class products that users love. They get caught up in all the added accessories which deliver a great experience and then they are customers for life.</p><p><blockquote>绝对是第一世界的问题。然而，这种搭配是真实的。苹果制造用户喜爱的世界级产品。他们被所有提供绝佳体验的附加配件所吸引，然后他们成为终身顾客。</blockquote></p><p> Apple stock, for all intents and purposes, is a better place to keep your money than cash because of this lack of risk. Should something start to topple this house of cards, it wouldn't happen overnight, and it certainly won't happen as rapidly as it happened to Nokia because of the switching costs Apple has built up.</p><p><blockquote>无论如何，苹果股票都是一个比现金更好的地方来存放你的钱，因为它没有风险。如果有什么事情开始推翻这个纸牌屋，它不会在一夜之间发生，而且由于苹果积累的转换成本，它肯定不会像诺基亚那样迅速发生。</blockquote></p><p> <b>Enviable Metrics</b></p><p><blockquote><b>令人羡慕的指标</b></blockquote></p><p> Despite running up against the law of large numbers, Apple continues to look stellar when considering a number of different metrics.</p><p><blockquote>尽管违反了大数定律，但在考虑许多不同的指标时，苹果仍然看起来非常出色。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/08f0199dd5d3c8dade8af08d884a5459\" tg-width=\"640\" tg-height=\"300\" width=\"100%\" height=\"auto\"><span>Image: Apple's debt per 10-K (Page 45)</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片：苹果每 10,000 美元的债务（第 45 页）</span></p></blockquote></p><p> The worst metric, in my opinion, Apple has is a 1.7 debt-to-equity ratio. However, on that figure, my mind may be stuck in a good days of positive interest rates. Much of Apple's $109B of debt is at a negligible (0.03-2%) interest rate. Higher end servicing costs sit a hair below 5%, but this makes up a minority of Apple's debt per the company's 10-K filings.</p><p><blockquote>在我看来，苹果最糟糕的指标是 1.7 的债务股本比率。然而，在这个数字上，我的思绪可能会停留在正利率的好日子里。苹果 1090 亿美元债务中的大部分利率可以忽略不计（0.03-2%）。高端服务成本略低于 5%，但根据该公司 10,000 份文件，这只占苹果公司债务的一小部分。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/547e6241dab1a7aef3e649fb0f10d5ff\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> All of that money did not go into internal projects, however, it went to share buybacks. Perhaps no company epitomizes share buybacks like Apple has over the last decade. The company has retired hundreds of billions of dollars' worth of stock to shareholders benefit, and it continues to do so today.</p><p><blockquote>所有这些钱都没有进入内部项目，而是用于股票回购。也许没有一家公司能像苹果在过去十年中那样成为股票回购的缩影。该公司已经退役了价值数千亿美元的股票以造福股东，并且至今仍在继续这样做。</blockquote></p><p> These share buybacks are why Berkshire Hathaway (BRK.B) now owns 5.5% of Apple. Back when many lauded Buffett for being late to the Apple train, he has proven his conviction worthwhile and helped an already massive Berkshire portfolio continue to beat the market with this high concentration investment.</p><p><blockquote>这些股票回购是伯克希尔哈撒韦公司 (BRK.B) 现在拥有苹果 5.5% 股份的原因。当许多人称赞巴菲特在苹果列车上迟到时，他已经证明了他的信念是值得的，并帮助已经庞大的伯克希尔投资组合继续凭借这种高度集中的投资击败市场。</blockquote></p><p> Buffett aside, Apple does excel in several metrics one should be looking for when investing in high-quality stocks. Return on equity here sits at an eye-popping 140% due to a pandemic induced expansion in net income.</p><p><blockquote>抛开巴菲特不谈，苹果在投资优质股票时应该关注的几个指标上确实表现出色。由于大流行导致的净利润扩张，这里的股本回报率高达 140%，令人瞠目结舌。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af2a898072faa8c46eeaa734222ff059\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Given the amount of debt, return on invested capital, likely, is the better metric to take a look at here. Apple's ROIC has been consistently over the 20% mark, which is a sign of a fantastic business.</p><p><blockquote>考虑到债务数额，投资资本回报率可能是更好的衡量标准。苹果的投资回报率一直在20%以上，这是一个了不起的业务的标志。</blockquote></p><p> Oh, and it probably goes without mentioning, but this business is cash rich. Apple, as of its last report, has $35B in cash on hand and $155B in marketable securities (a mix of current and non-current). With $190B in capital that the company can still deploy, Apple is certainly in an enviable position.</p><p><blockquote>哦，这可能不用说，但这个行业是现金丰富的。截至上一份报告，苹果手头有 35B 美元现金和 155B 美元有价证券（流动和非流动的混合）。凭借该公司仍可部署 190B 美元的资本，苹果无疑处于令人羡慕的地位。</blockquote></p><p> <b>Valuation: Rich</b></p><p><blockquote><b>估值：丰富</b></blockquote></p><p> Those metrics are not unknown, but they are incredible. It's no surprise that Apple will likely cross $3T market cap in the next year or so, but is the company worth buying at these high levels?</p><p><blockquote>这些指标并非未知，但它们令人难以置信。毫不奇怪，苹果的市值可能会在未来一年左右突破 3 万亿美元，但在如此高的水平上，该公司值得购买吗？</blockquote></p><p> As mentioned above, I view Apple as an almost cash like position. In a world of inflation, Apple has the balance sheet to carry it through, it has significant pricing power, and it has exceptionally high margins on its products to be able to weather the storm. Would you rather your money lose 5% of its buying power per year, or grow in an American titan like Apple?</p><p><blockquote>如上所述，我将苹果视为一个几乎类似现金的头寸。在通货膨胀的世界里，苹果有资产负债表来支撑它，它拥有强大的定价权，并且其产品的利润率异常高，能够经受住这场风暴。你愿意让你的钱每年失去5%的购买力，还是在苹果这样的美国巨头中成长？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/159a160cc869ef1cc00bd4eb8db7bd93\" tg-width=\"1280\" tg-height=\"720\" width=\"100%\" height=\"auto\"><span>Image: A mockup VR headset via BGR</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片：来自 BGR 的 VR 头显模型</span></p></blockquote></p><p> A valuation of Apple also has to include the potential for an Apple Car, or the AR/VR headsets that will be with us within the next 18-months. These types of projects have been kept well under wraps, but considering the valuations of EV manufacturers like Tesla (TSLA) and Rivian (RIVN), the market will reward Apple rather richly for a well-executed product.</p><p><blockquote>苹果的估值还必须包括苹果汽车的潜力，或者未来18个月内将出现在我们身边的AR/VR头显。这些类型的项目一直被严格保密，但考虑到特斯拉 (TSLA) 和Rivian (RIVN) 等电动汽车制造商的估值，市场将对苹果执行良好的产品给予相当丰厚的奖励。</blockquote></p><p> An Apple car with deep iOS integration,as is speculated, would further drive the ecosystem flywheel. In fact, it would take that flywheel to unimaginable levels. Imagine trying to leave an ecosystem where you have to replace a $50K (and I'm probably being cheap) car, a phone, a computer... it's quite the lock in.</p><p><blockquote>据推测，与 iOS 深度集成的苹果汽车将进一步推动生态系统飞轮。事实上，这将把飞轮带到难以想象的水平。想象一下，试图离开一个生态系统，在这个生态系统中，你必须更换一辆5万美元（我可能很便宜）的汽车、一部手机、一台电脑……很锁。</blockquote></p><p> Taking AR/VR into account, one would have to consider that AR could be a cannibalizing force for the iPhone. If one can see all they need through lenses and control those lenses through gestures or the Apple Watch, Apple could cannibalize the phone market.</p><p><blockquote>考虑到AR/VR，人们不得不考虑AR可能是iPhone的蚕食力量。如果人们可以通过镜头看到他们需要的一切，并通过手势或苹果手表控制这些镜头，苹果可以蚕食手机市场。</blockquote></p><p> That, however, is a good thing. Apple could price a novel item like AR glasses with higher margins than a phone. Fans and tech enthusiasts would pay that early adopter price and others would soon follow suit if the product lives up to the hype. It gets Apple out of the \"$1,000 for a phone\" line of thinking.</p><p><blockquote>然而，这是一件好事。苹果可以为像AR眼镜这样的新奇产品定价，利润率高于手机。粉丝和技术爱好者会支付早期采用者的价格，如果产品不负众望，其他人也会很快效仿。这让苹果摆脱了“一部手机1000美元”的思维模式。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88a008b34566e3309b095ad284807d12\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> All this to say, Apple's rich valuation today is a worthy one. At a PE of ~29, it's hardly extortionate, but it is outside of Apple's average over the last five years.</p><p><blockquote>综上所述，苹果今天的丰富估值是值得的。市盈率约为 29，算不上过分，但超出了苹果过去五年的平均水平。</blockquote></p><p> The ecosystem, one that ties its customers in for life, is where the value lies here and Apple has plans to expand that with vehicles and wearables. Even at a PE of 29, I believe this to be a secure long-term investment that will pay investors a dividend, albeit small, along the way while continuing to retire billions of dollars in stock ($315B authorized ~10%).</p><p><blockquote>生态系统是一个将客户终身联系在一起的生态系统，它是价值所在，苹果计划通过汽车和可穿戴设备来扩展这一价值。即使市盈率为 29，我相信这也是一项安全的长期投资，将向投资者支付股息，尽管很小，同时继续回收数十亿美元的股票（315B 美元授权约 10%）。</blockquote></p><p> <b>Addressing The Risks</b></p><p><blockquote><b>应对风险</b></blockquote></p><p> Fear and inflation. Fear is the largest and most significant risk that Apple faces. Buyers told that bad times are coming tend to zip up their pocketbooks. Buyers who have to spend 10% more on groceries suddenly don't have enough to buy the latest iPhone.</p><p><blockquote>恐惧和通货膨胀。恐惧是苹果面临的最大、最重要的风险。买家被告知，糟糕的时期即将到来，往往会勒紧钱包。不得不在食品杂货上多花10%的买家突然没有足够的钱购买最新的iPhone。</blockquote></p><p> These are external concerns that Apple has little control over. The company has, over the years, introduced buy-now-pay-later and subscription programs that help buyers get the goods they want at an affordable monthly price, and, as discussed, Apple has substantial margins that it could use to overcome significant headwinds in this space.</p><p><blockquote>这些都是苹果几乎无法控制的外部问题。多年来，该公司推出了先买后付和订阅计划，帮助买家以实惠的每月价格获得他们想要的商品，而且，正如所讨论的，苹果拥有可观的利润，可以用来克服这一领域的重大阻力。</blockquote></p><p> Execution is another risk Apple faces, especially as we look to these \"futuristic\" products. A self-driving car could be worth trillions of dollars in lifetime revenues, or it could be a dud upon release that never gets full approval to operate on the streets. Likewise, an AR headset that no one wants to be seen wearing, or that proves difficult to wear through the day, could be a dead-on-arrival product.</p><p><blockquote>执行是苹果面临的另一个风险，尤其是当我们期待这些“未来”产品时。一辆自动驾驶汽车的终身收入可能价值数万亿美元，也可能是一款发布后的哑弹，永远不会获得在街道上运行的完全批准。同样，没有人愿意被看到佩戴的 AR 耳机，或者被证明很难全天佩戴，可能是一款一成不变的产品。</blockquote></p><p> Given the nature of these two products and the secrecy surrounding their development, one cannot truly assign a real risk rating to them. They're just things to be aware of. Apple does have a history of great execution (MacBook keyboard and Touch Bar aside), however, so an investor should feel at least somewhat comfortable that the company will put its best foot forward.</p><p><blockquote>鉴于这两种产品的性质及其开发的保密性，人们无法真正给它们分配一个真正的风险评级。它们只是需要注意的事情。然而，苹果确实有着出色的执行力历史（除了 MacBook 键盘和触控栏），因此投资者至少应该对该公司将全力以赴感到有些放心。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p></p><p> At a valuation nearing $3T one would assume there isn't much room left to run in Apple, but investors still stand to beat the overall market in this name thanks to excellent capital allocation.</p><p><blockquote>估值接近 3 万亿美元，人们会认为苹果的运行空间已经不多了，但由于出色的资本配置，投资者仍然可以在这个名字上击败整体市场。</blockquote></p><p> Apple has $315B in authorized buybacks and returns some $14.5B in dividends each year. Apple will likely buyback close to $100B in stock during its 2022 fiscal year which, alone, represents a 3.7% return on today's prices. Combined with a dividend yield of 0.6%, investors will make 4.3% on this name through shareholder friendly practices alone.</p><p><blockquote>苹果拥有 315B 美元的授权回购，每年返还约 145B 美元的股息。苹果可能会在 2022 财年回购近 1000 亿美元的股票，按今天的价格计算，仅这一项就代表了 3.7% 的回报率。再加上 0.6% 的股息收益率，投资者仅通过对股东友好的做法就能从这个名字中获得 4.3%。</blockquote></p><p> Those numbers will compound too, another $100B in 2023, $100B in 2024, it all adds up. That $300B is all authorized too.</p><p><blockquote>这些数字也会复合，2023 年再增加 100B 美元，2024 年再增加 100B 美元，所有这些加起来。那3000亿美元也都是授权的。</blockquote></p><p> Along with those buybacks and dividends, investors are buying into a company that, last year, defied laws of large numbers and grew its top-line at 33%. While unlikely this year, I still expect that the wearables and services divisions will grow at double digits which will allow Apple to see high single-digit revenue growth through the coming 3-5 years.</p><p><blockquote>除了这些回购和股息之外，投资者还在买入一家去年无视大数字定律，营收增长 33% 的公司。虽然今年不太可能，但我仍然预计可穿戴设备和服务部门将以两位数的速度增长，这将使苹果在未来3-5年内实现高个位数的收入增长。</blockquote></p><p> Those with a bearish view on Apple act as though this juggernaut will vanish overnight, but that's simply not true. Sure, you're unlikely to pull down 30%+ annual returns going forward, but if you're looking for a high-quality stable business that can beat the market little-by-little, Apple is a great horse (or car) to back.</p><p><blockquote>那些对苹果持悲观看法的人表现得好像这个庞然大物会在一夜之间消失，但事实并非如此。当然，未来您不太可能降低 30% 以上的年回报率，但如果您正在寻找一家能够一点一点击败市场的高质量稳定企业，苹果是一匹很好的马（或汽车）。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4473801-apple-a-true-never-sell-position\">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":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4473801-apple-a-true-never-sell-position","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162682713","content_text":"Summary\n\nWith $315B in authorized share buybacks and a 0.6% yield, Apple should return 4.3% on shareholder-friendly practices alone.\nIn addition, the company will still see double-digit growth in wearables and services, even if iPhone slows down a little.\nThe Apple ecosystem also stands to get more intertwined with a potential Apple Car and AR/VR plays.\n\nCatLane/iStock Unreleased via Getty Images\nAt an almost $3T market cap, I am still a holder of Apple (AAPL). While I absolutely wish I would have bought more of this powerhouse in years past, I've made do with incremental gains from dividend reinvestment.\nThe news cycle would have you believe that this behemoth has head-winds galore, and that the downfall could come any day now. With limited risk and potential galore, is the company worth buying today?\nLimited Risk\nImage: Forbes magazine cover, 2007\nI am familiar with cellphone manufacturers of days past. Nokia, for example, used to be the titan of industry. It was thought to be untouchable and then came the iPhone. I mean, just look at the Forbes cover above, \"can anyone catch the cell phone king?\"\nThat cover hit news stands on November 12, 2007, a few months after the iPhone had made its debut. The straw that broke Nokia's back, and the feature which gives Apple a moat wider than Apple Park today, The App Store launched in mid-2008.\nThe App Store, as simple as it may seem, gave Apple the keys to the kingdom. Rather than be limited to the few apps that came on your Nokia device, you could use one of the thousands of apps sold by third-party developers on the iPhone. This was the beginning of a world-beating ecosystem.\nToday, Apple's ecosystem has grown in a significant way. The growth of that ecosystem means that Apple \"fanboys\" would have to spend thousands of dollars, or work through significant inconveniences to switch.\nConsider the user that has subscriptions to several apps, Air Pods, an Apple Watch, iPhone, iPad, and perhaps a MacBook. That person is not an outlier. If they consider switching to Android they'll have to cancel those several apps, throw their Apple Watch out, replace the AirPods, and would lose lots of great tie-in messaging functionality across the iPad and MacBook.\nFirst-world problems, absolutely. The tie-in, however, is real. Apple make world-class products that users love. They get caught up in all the added accessories which deliver a great experience and then they are customers for life.\nApple stock, for all intents and purposes, is a better place to keep your money than cash because of this lack of risk. Should something start to topple this house of cards, it wouldn't happen overnight, and it certainly won't happen as rapidly as it happened to Nokia because of the switching costs Apple has built up.\nEnviable Metrics\nDespite running up against the law of large numbers, Apple continues to look stellar when considering a number of different metrics.\nImage: Apple's debt per 10-K (Page 45)\nThe worst metric, in my opinion, Apple has is a 1.7 debt-to-equity ratio. However, on that figure, my mind may be stuck in a good days of positive interest rates. Much of Apple's $109B of debt is at a negligible (0.03-2%) interest rate. Higher end servicing costs sit a hair below 5%, but this makes up a minority of Apple's debt per the company's 10-K filings.\nData by YCharts\nAll of that money did not go into internal projects, however, it went to share buybacks. Perhaps no company epitomizes share buybacks like Apple has over the last decade. The company has retired hundreds of billions of dollars' worth of stock to shareholders benefit, and it continues to do so today.\nThese share buybacks are why Berkshire Hathaway (BRK.B) now owns 5.5% of Apple. Back when many lauded Buffett for being late to the Apple train, he has proven his conviction worthwhile and helped an already massive Berkshire portfolio continue to beat the market with this high concentration investment.\nBuffett aside, Apple does excel in several metrics one should be looking for when investing in high-quality stocks. Return on equity here sits at an eye-popping 140% due to a pandemic induced expansion in net income.\nData by YCharts\nGiven the amount of debt, return on invested capital, likely, is the better metric to take a look at here. Apple's ROIC has been consistently over the 20% mark, which is a sign of a fantastic business.\nOh, and it probably goes without mentioning, but this business is cash rich. Apple, as of its last report, has $35B in cash on hand and $155B in marketable securities (a mix of current and non-current). With $190B in capital that the company can still deploy, Apple is certainly in an enviable position.\nValuation: Rich\nThose metrics are not unknown, but they are incredible. It's no surprise that Apple will likely cross $3T market cap in the next year or so, but is the company worth buying at these high levels?\nAs mentioned above, I view Apple as an almost cash like position. In a world of inflation, Apple has the balance sheet to carry it through, it has significant pricing power, and it has exceptionally high margins on its products to be able to weather the storm. Would you rather your money lose 5% of its buying power per year, or grow in an American titan like Apple?\nImage: A mockup VR headset via BGR\nA valuation of Apple also has to include the potential for an Apple Car, or the AR/VR headsets that will be with us within the next 18-months. These types of projects have been kept well under wraps, but considering the valuations of EV manufacturers like Tesla (TSLA) and Rivian (RIVN), the market will reward Apple rather richly for a well-executed product.\nAn Apple car with deep iOS integration,as is speculated, would further drive the ecosystem flywheel. In fact, it would take that flywheel to unimaginable levels. Imagine trying to leave an ecosystem where you have to replace a $50K (and I'm probably being cheap) car, a phone, a computer... it's quite the lock in.\nTaking AR/VR into account, one would have to consider that AR could be a cannibalizing force for the iPhone. If one can see all they need through lenses and control those lenses through gestures or the Apple Watch, Apple could cannibalize the phone market.\nThat, however, is a good thing. Apple could price a novel item like AR glasses with higher margins than a phone. Fans and tech enthusiasts would pay that early adopter price and others would soon follow suit if the product lives up to the hype. It gets Apple out of the \"$1,000 for a phone\" line of thinking.\nData by YCharts\nAll this to say, Apple's rich valuation today is a worthy one. At a PE of ~29, it's hardly extortionate, but it is outside of Apple's average over the last five years.\nThe ecosystem, one that ties its customers in for life, is where the value lies here and Apple has plans to expand that with vehicles and wearables. Even at a PE of 29, I believe this to be a secure long-term investment that will pay investors a dividend, albeit small, along the way while continuing to retire billions of dollars in stock ($315B authorized ~10%).\nAddressing The Risks\nFear and inflation. Fear is the largest and most significant risk that Apple faces. Buyers told that bad times are coming tend to zip up their pocketbooks. Buyers who have to spend 10% more on groceries suddenly don't have enough to buy the latest iPhone.\nThese are external concerns that Apple has little control over. The company has, over the years, introduced buy-now-pay-later and subscription programs that help buyers get the goods they want at an affordable monthly price, and, as discussed, Apple has substantial margins that it could use to overcome significant headwinds in this space.\nExecution is another risk Apple faces, especially as we look to these \"futuristic\" products. A self-driving car could be worth trillions of dollars in lifetime revenues, or it could be a dud upon release that never gets full approval to operate on the streets. Likewise, an AR headset that no one wants to be seen wearing, or that proves difficult to wear through the day, could be a dead-on-arrival product.\nGiven the nature of these two products and the secrecy surrounding their development, one cannot truly assign a real risk rating to them. They're just things to be aware of. Apple does have a history of great execution (MacBook keyboard and Touch Bar aside), however, so an investor should feel at least somewhat comfortable that the company will put its best foot forward.\nFinal Thoughts\nAt a valuation nearing $3T one would assume there isn't much room left to run in Apple, but investors still stand to beat the overall market in this name thanks to excellent capital allocation.\nApple has $315B in authorized buybacks and returns some $14.5B in dividends each year. Apple will likely buyback close to $100B in stock during its 2022 fiscal year which, alone, represents a 3.7% return on today's prices. Combined with a dividend yield of 0.6%, investors will make 4.3% on this name through shareholder friendly practices alone.\nThose numbers will compound too, another $100B in 2023, $100B in 2024, it all adds up. That $300B is all authorized too.\nAlong with those buybacks and dividends, investors are buying into a company that, last year, defied laws of large numbers and grew its top-line at 33%. While unlikely this year, I still expect that the wearables and services divisions will grow at double digits which will allow Apple to see high single-digit revenue growth through the coming 3-5 years.\nThose with a bearish view on Apple act as though this juggernaut will vanish overnight, but that's simply not true. Sure, you're unlikely to pull down 30%+ annual returns going forward, but if you're looking for a high-quality stable business that can beat the market little-by-little, Apple is a great horse (or car) to back.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606054317,"gmtCreate":1638802864518,"gmtModify":1638802864733,"author":{"id":"3580354890331124","authorId":"3580354890331124","name":"Foreverhuat","avatar":"https://static.tigerbbs.com/62fc823435d8b068f4f4c4263b83900a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580354890331124","idStr":"3580354890331124"},"themes":[],"title":"","htmlText":"Not bad","listText":"Not bad","text":"Not bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606054317","repostId":"1125140621","repostType":4,"repost":{"id":"1125140621","kind":"news","pubTimestamp":1638799944,"share":"https://www.laohunote.com/m/news/1125140621?lang=zh_CN&edition=full","pubTime":"2021-12-06 22:12","market":"us","language":"en","title":"Will Apple Stock Fly or Fall in 2022?<blockquote>2022年苹果股市是涨是跌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125140621","media":"Motley Fool","summary":"Supply chain challenges and weak demand could derail the iPhone maker.","content":"<p>Shares of <b>Apple</b> have recovered nicely in 2021 after a shaky start to the year, gaining more than 23%. What's impressive is that Apple has staged a comeback despite supply chain challenges that hurt its sales in the fourth quarter of fiscal 2021 (which ended on Sept. 25). In addition, investors have shown their faith in the tech giant even with weaker-than-expected guidance for the quarter that ends in December.</p><p><blockquote>股份<b>苹果</b>在经历了年初的不稳定之后，2021 年恢复良好，涨幅超过 23%。令人印象深刻的是，尽管供应链挑战损害了 2021 财年第四季度（截至 9 月 25 日）的销售，但苹果还是卷土重来。此外，尽管截至 12 月的季度业绩指引弱于预期，但投资者仍表现出对这家科技巨头的信心。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01f45160862cc6cb5e3ed7b3185ae9a9\" tg-width=\"720\" tg-height=\"387\" width=\"100%\" height=\"auto\"><span>AAPL data by YCharts.</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCharts 提供的 AAPL 数据。</span></p></blockquote></p><p> As the chart above shows, Apple stock has gained momentum since the beginning of October. That's not surprising as the launch of the iPhone 13 gave investors a reason to cheer, with the device witnessing robust demand that outpaced supply. The company hasn't been able to make enough iPhones to meet the higher-than-expected demand as component shortages and coronavirus-driven shutdowns crippled production.</p><p><blockquote>如上图所示，苹果股票自10月初以来势头强劲。这并不奇怪，因为 iPhone 13 的推出让投资者有理由欢呼，该设备见证了强劲的需求超过了供应。由于零部件短缺和冠状病毒导致的停工削弱了生产，该公司无法生产足够的 iPhone 来满足高于预期的需求。</blockquote></p><p> In an ideal world, this should lead to strong iPhone shipments in 2022 when the supply chain improves, boosting Apple's top and bottom lines and its stock price in the process. But that may not be the case, causing the stock to lose momentum early in the new year. Let's see why.</p><p><blockquote>在理想情况下，当供应链改善时，这应该会导致 2022 年 iPhone 出货量强劲，从而在此过程中提振苹果的营收和利润以及股价。但事实可能并非如此，导致该股在新年伊始失去动力。让我们看看为什么。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a9f332fa65e3d67539a23dd91573637d\" tg-width=\"2000\" tg-height=\"1125\" width=\"100%\" height=\"auto\"><span>Image Source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Why Apple stock might fall next year</b></p><p><blockquote><b>为什么苹果股价明年可能下跌</b></blockquote></p><p> The iPhone is Apple's most important product. It produced nearly $192 billion in revenue for the company in fiscal 2021, which was just over 52% of its total revenue of $365.8 billion. Now, there are rumors that Apple may be losing customers due to its inability to make enough iPhones to satisfy demand.</p><p><blockquote>iPhone是苹果最重要的产品。2021财年，它为公司创造了近1920亿美元的收入，略高于其3658亿美元总收入的52%。现在，有传言称，由于无法生产足够的iPhone来满足需求，苹果可能正在失去客户。</blockquote></p><p> According to a Bloomberg report, the company has reportedly told its component suppliers that the demand for iPhone 13 models has weakened as potential consumers aren't interested anymore in buying the device due to lack of availability. A survey carried out in Japan indicates that the number of existing iPhone owners interested in upgrading to the latest device is lower than last year when more people were interested in upgrading to the iPhone 12.</p><p><blockquote>据彭博社报道，据报道，该公司已告诉其零部件供应商，由于缺乏可用性，潜在消费者不再有兴趣购买该设备，因此对 iPhone 13 型号的需求已经减弱。在日本进行的一项调查显示，有兴趣升级到最新设备的现有iPhone用户数量低于去年，当时有更多的人有兴趣升级到iPhone 12。</blockquote></p><p> One of the reasons that may be the case is because of the long waiting times for the iPhone 13 Pro models, which are in stronger demand than the standard models. Third-party reports showed that the waiting time for the iPhone 13 Pro and the Pro Max ranged between 16 days and 23 days on Nov. 28. It is worth noting that Apple had reportedly reduced its 2021 iPhone 13 production target by 10 million units due to component shortages, which explains why its devices are still showing extensive waiting times.</p><p><blockquote>可能出现这种情况的原因之一是因为iPhone 13 Pro型号的等待时间很长，这种型号的需求比标准型号更强劲。第三方报告显示，11月28日，iPhone 13 Pro和Pro Max的等待时间在16天至23天之间。值得注意的是，据报道，由于零部件短缺，苹果将2021年iPhone 13的产量目标减少了1000万部，这解释了为什么其设备仍然显示出漫长的等待时间。</blockquote></p><p> The problem is that iPhone 13 delays are expected to last until February 2022, as reported by DigiTimes last month. These long waiting times and delays are reportedly causing customers to put off their iPhone 13 purchases. This isn't surprising, as the iPhone 13 will be nearly half a year old by the time it will be readily available for purchase in February next year.</p><p><blockquote>问题是，正如DigiTimes上个月报道的那样，iPhone 13的延迟预计将持续到2022年2月。据报道，这些漫长的等待时间和延误导致客户推迟购买iPhone 13。这并不奇怪，因为iPhone 13在明年2月上市时已经快半年了。</blockquote></p><p> This could lead customers to drop the idea of purchasing the iPhone 13 and instead go for the 2022 models. As a result, iPhone revenue could take a hit in the near term and weigh on the company's financial performance and stock price in 2022.</p><p><blockquote>这可能会导致客户放弃购买 iPhone 13 的想法，转而购买 2022 款机型。因此，iPhone 收入可能会在短期内受到打击，并对该公司 2022 年的财务业绩和股价造成压力。</blockquote></p><p> <b>The stock could fly higher in the long run</b></p><p><blockquote><b>从长远来看，该股可能会走高</b></blockquote></p><p> Savvy investors, however, shouldn't worry about the potential short-term challenges Apple faces. Even if iPhone sales aren't as great as expected in the early part of 2022 due to problems out of the tech titan's control, one shouldn't forget the massive upgrade cycle that's driving Apple's growth.</p><p><blockquote>然而，精明的投资者不应该担心苹果面临的潜在短期挑战。即使由于科技巨头无法控制的问题，iPhone的销量在2022年初没有预期的那么好，人们也不应该忘记推动苹果增长的大规模升级周期。</blockquote></p><p> According to IDC, Apple shipped 50.4 million iPhones in the third quarter of 2021, a jump of nearly 21% over the year-ago period. The company delivered this impressive growth during a quarter when the overall smartphone market contracted 6.7% year over year, with its biggest rivals <b>Samsung</b> and <b>Xiaomi</b> witnessing a contraction in their shipments.</p><p><blockquote>根据IDC的数据，苹果在2021年第三季度出货量为5040万部iPhone，比去年同期增长近21%。该公司在一个季度实现了这一令人印象深刻的增长，而整个智能手机市场同比萎缩了 6.7%，其最大的竞争对手<b>三星</b>和<b>小米</b>目睹了他们的出货量萎缩。</blockquote></p><p> What's more, Apple is enjoying a nice bump in the average selling price of each iPhone. Sales might be hamstrung by component shortages over the next few months, but it cannot be denied that the company is enjoying a mix of volume and price growth thanks to the adoption of 5G smartphones.</p><p><blockquote>更重要的是，苹果正在享受每部iPhone的平均售价的不错增长。未来几个月，零部件短缺可能会阻碍销售，但不可否认的是，由于采用了 5G 智能手机，该公司正在享受销量和价格的混合增长。</blockquote></p><p> More importantly, there were more than a billion iPhone users at the beginning of 2021. Wedbush analyst Dan Ives pointed out in October that 25% of Apple's installed base of users haven't upgraded their iPhones in the past three and a half years, which means that there are at least 250 million users in an upgrade window who could buy the iPhone 13.</p><p><blockquote>更重要的是，2021年初有超过10亿iPhone用户。Wedbush分析师Dan Ives在10月份指出，苹果25%的安装用户群在过去三年半没有升级过他们的iPhone，这意味着在一个升级窗口期，至少有2.5亿用户可以购买iPhone 13。</blockquote></p><p></p><p> Additionally, the number of iPhone users without a 5G device is even higher since the first 5G iPhone went on sale just over a year ago. All of this indicates that investors shouldn't miss the forest for the trees as the iPhone juggernaut can continue rolling in the long run and the supply chain constraints would probably be just a bump in the road.</p><p><blockquote>此外，自从一年多前第一款5G iPhone上市以来，没有5G设备的iPhone用户数量甚至更高。所有这些都表明，投资者不应只见树木，因为从长远来看，iPhone 巨头可能会继续发展，而供应链限制可能只是道路上的一个障碍。</blockquote></p><p> As such, Apple stock can eventually regain its mojo once it gets the production challenges out of the way in 2022 and ships more iPhones to customers. And this is just one of the reasons this tech stock could fly higher next year as it is working on more products that could accelerate its growth in 2022 and beyond. That's why it might be a good idea to buy the stock in case of a dip as the near-term challenges could eventually make way for long-term gains.</p><p><blockquote>因此，一旦苹果在 2022 年克服生产挑战并向客户运送更多 iPhone，其股票最终就能重拾魔力。这只是这只科技股明年可能飙升的原因之一，因为它正在开发更多产品，以加速其在 2022 年及以后的增长。这就是为什么在股价下跌的情况下购买该股票可能是一个好主意，因为近期的挑战最终可能会为长期收益让路。</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>Will Apple Stock Fly or Fall in 2022?<blockquote>2022年苹果股市是涨是跌？</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\">\nWill Apple Stock Fly or Fall in 2022?<blockquote>2022年苹果股市是涨是跌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-06 22:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of <b>Apple</b> have recovered nicely in 2021 after a shaky start to the year, gaining more than 23%. What's impressive is that Apple has staged a comeback despite supply chain challenges that hurt its sales in the fourth quarter of fiscal 2021 (which ended on Sept. 25). In addition, investors have shown their faith in the tech giant even with weaker-than-expected guidance for the quarter that ends in December.</p><p><blockquote>股份<b>苹果</b>在经历了年初的不稳定之后，2021 年恢复良好，涨幅超过 23%。令人印象深刻的是，尽管供应链挑战损害了 2021 财年第四季度（截至 9 月 25 日）的销售，但苹果还是卷土重来。此外，尽管截至 12 月的季度业绩指引弱于预期，但投资者仍表现出对这家科技巨头的信心。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01f45160862cc6cb5e3ed7b3185ae9a9\" tg-width=\"720\" tg-height=\"387\" width=\"100%\" height=\"auto\"><span>AAPL data by YCharts.</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCharts 提供的 AAPL 数据。</span></p></blockquote></p><p> As the chart above shows, Apple stock has gained momentum since the beginning of October. That's not surprising as the launch of the iPhone 13 gave investors a reason to cheer, with the device witnessing robust demand that outpaced supply. The company hasn't been able to make enough iPhones to meet the higher-than-expected demand as component shortages and coronavirus-driven shutdowns crippled production.</p><p><blockquote>如上图所示，苹果股票自10月初以来势头强劲。这并不奇怪，因为 iPhone 13 的推出让投资者有理由欢呼，该设备见证了强劲的需求超过了供应。由于零部件短缺和冠状病毒导致的停工削弱了生产，该公司无法生产足够的 iPhone 来满足高于预期的需求。</blockquote></p><p> In an ideal world, this should lead to strong iPhone shipments in 2022 when the supply chain improves, boosting Apple's top and bottom lines and its stock price in the process. But that may not be the case, causing the stock to lose momentum early in the new year. Let's see why.</p><p><blockquote>在理想情况下，当供应链改善时，这应该会导致 2022 年 iPhone 出货量强劲，从而在此过程中提振苹果的营收和利润以及股价。但事实可能并非如此，导致该股在新年伊始失去动力。让我们看看为什么。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a9f332fa65e3d67539a23dd91573637d\" tg-width=\"2000\" tg-height=\"1125\" width=\"100%\" height=\"auto\"><span>Image Source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Why Apple stock might fall next year</b></p><p><blockquote><b>为什么苹果股价明年可能下跌</b></blockquote></p><p> The iPhone is Apple's most important product. It produced nearly $192 billion in revenue for the company in fiscal 2021, which was just over 52% of its total revenue of $365.8 billion. Now, there are rumors that Apple may be losing customers due to its inability to make enough iPhones to satisfy demand.</p><p><blockquote>iPhone是苹果最重要的产品。2021财年，它为公司创造了近1920亿美元的收入，略高于其3658亿美元总收入的52%。现在，有传言称，由于无法生产足够的iPhone来满足需求，苹果可能正在失去客户。</blockquote></p><p> According to a Bloomberg report, the company has reportedly told its component suppliers that the demand for iPhone 13 models has weakened as potential consumers aren't interested anymore in buying the device due to lack of availability. A survey carried out in Japan indicates that the number of existing iPhone owners interested in upgrading to the latest device is lower than last year when more people were interested in upgrading to the iPhone 12.</p><p><blockquote>据彭博社报道，据报道，该公司已告诉其零部件供应商，由于缺乏可用性，潜在消费者不再有兴趣购买该设备，因此对 iPhone 13 型号的需求已经减弱。在日本进行的一项调查显示，有兴趣升级到最新设备的现有iPhone用户数量低于去年，当时有更多的人有兴趣升级到iPhone 12。</blockquote></p><p> One of the reasons that may be the case is because of the long waiting times for the iPhone 13 Pro models, which are in stronger demand than the standard models. Third-party reports showed that the waiting time for the iPhone 13 Pro and the Pro Max ranged between 16 days and 23 days on Nov. 28. It is worth noting that Apple had reportedly reduced its 2021 iPhone 13 production target by 10 million units due to component shortages, which explains why its devices are still showing extensive waiting times.</p><p><blockquote>可能出现这种情况的原因之一是因为iPhone 13 Pro型号的等待时间很长，这种型号的需求比标准型号更强劲。第三方报告显示，11月28日，iPhone 13 Pro和Pro Max的等待时间在16天至23天之间。值得注意的是，据报道，由于零部件短缺，苹果将2021年iPhone 13的产量目标减少了1000万部，这解释了为什么其设备仍然显示出漫长的等待时间。</blockquote></p><p> The problem is that iPhone 13 delays are expected to last until February 2022, as reported by DigiTimes last month. These long waiting times and delays are reportedly causing customers to put off their iPhone 13 purchases. This isn't surprising, as the iPhone 13 will be nearly half a year old by the time it will be readily available for purchase in February next year.</p><p><blockquote>问题是，正如DigiTimes上个月报道的那样，iPhone 13的延迟预计将持续到2022年2月。据报道，这些漫长的等待时间和延误导致客户推迟购买iPhone 13。这并不奇怪，因为iPhone 13在明年2月上市时已经快半年了。</blockquote></p><p> This could lead customers to drop the idea of purchasing the iPhone 13 and instead go for the 2022 models. As a result, iPhone revenue could take a hit in the near term and weigh on the company's financial performance and stock price in 2022.</p><p><blockquote>这可能会导致客户放弃购买 iPhone 13 的想法，转而购买 2022 款机型。因此，iPhone 收入可能会在短期内受到打击，并对该公司 2022 年的财务业绩和股价造成压力。</blockquote></p><p> <b>The stock could fly higher in the long run</b></p><p><blockquote><b>从长远来看，该股可能会走高</b></blockquote></p><p> Savvy investors, however, shouldn't worry about the potential short-term challenges Apple faces. Even if iPhone sales aren't as great as expected in the early part of 2022 due to problems out of the tech titan's control, one shouldn't forget the massive upgrade cycle that's driving Apple's growth.</p><p><blockquote>然而，精明的投资者不应该担心苹果面临的潜在短期挑战。即使由于科技巨头无法控制的问题，iPhone的销量在2022年初没有预期的那么好，人们也不应该忘记推动苹果增长的大规模升级周期。</blockquote></p><p> According to IDC, Apple shipped 50.4 million iPhones in the third quarter of 2021, a jump of nearly 21% over the year-ago period. The company delivered this impressive growth during a quarter when the overall smartphone market contracted 6.7% year over year, with its biggest rivals <b>Samsung</b> and <b>Xiaomi</b> witnessing a contraction in their shipments.</p><p><blockquote>根据IDC的数据，苹果在2021年第三季度出货量为5040万部iPhone，比去年同期增长近21%。该公司在一个季度实现了这一令人印象深刻的增长，而整个智能手机市场同比萎缩了 6.7%，其最大的竞争对手<b>三星</b>和<b>小米</b>目睹了他们的出货量萎缩。</blockquote></p><p> What's more, Apple is enjoying a nice bump in the average selling price of each iPhone. Sales might be hamstrung by component shortages over the next few months, but it cannot be denied that the company is enjoying a mix of volume and price growth thanks to the adoption of 5G smartphones.</p><p><blockquote>更重要的是，苹果正在享受每部iPhone的平均售价的不错增长。未来几个月，零部件短缺可能会阻碍销售，但不可否认的是，由于采用了 5G 智能手机，该公司正在享受销量和价格的混合增长。</blockquote></p><p> More importantly, there were more than a billion iPhone users at the beginning of 2021. Wedbush analyst Dan Ives pointed out in October that 25% of Apple's installed base of users haven't upgraded their iPhones in the past three and a half years, which means that there are at least 250 million users in an upgrade window who could buy the iPhone 13.</p><p><blockquote>更重要的是，2021年初有超过10亿iPhone用户。Wedbush分析师Dan Ives在10月份指出，苹果25%的安装用户群在过去三年半没有升级过他们的iPhone，这意味着在一个升级窗口期，至少有2.5亿用户可以购买iPhone 13。</blockquote></p><p></p><p> Additionally, the number of iPhone users without a 5G device is even higher since the first 5G iPhone went on sale just over a year ago. All of this indicates that investors shouldn't miss the forest for the trees as the iPhone juggernaut can continue rolling in the long run and the supply chain constraints would probably be just a bump in the road.</p><p><blockquote>此外，自从一年多前第一款5G iPhone上市以来，没有5G设备的iPhone用户数量甚至更高。所有这些都表明，投资者不应只见树木，因为从长远来看，iPhone 巨头可能会继续发展，而供应链限制可能只是道路上的一个障碍。</blockquote></p><p> As such, Apple stock can eventually regain its mojo once it gets the production challenges out of the way in 2022 and ships more iPhones to customers. And this is just one of the reasons this tech stock could fly higher next year as it is working on more products that could accelerate its growth in 2022 and beyond. That's why it might be a good idea to buy the stock in case of a dip as the near-term challenges could eventually make way for long-term gains.</p><p><blockquote>因此，一旦苹果在 2022 年克服生产挑战并向客户运送更多 iPhone，其股票最终就能重拾魔力。这只是这只科技股明年可能飙升的原因之一，因为它正在开发更多产品，以加速其在 2022 年及以后的增长。这就是为什么在股价下跌的情况下购买该股票可能是一个好主意，因为近期的挑战最终可能会为长期收益让路。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/06/will-apple-stock-fly-or-fall-in-2022/\">Motley Fool</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.fool.com/investing/2021/12/06/will-apple-stock-fly-or-fall-in-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125140621","content_text":"Shares of Apple have recovered nicely in 2021 after a shaky start to the year, gaining more than 23%. What's impressive is that Apple has staged a comeback despite supply chain challenges that hurt its sales in the fourth quarter of fiscal 2021 (which ended on Sept. 25). In addition, investors have shown their faith in the tech giant even with weaker-than-expected guidance for the quarter that ends in December.\nAAPL data by YCharts.\nAs the chart above shows, Apple stock has gained momentum since the beginning of October. That's not surprising as the launch of the iPhone 13 gave investors a reason to cheer, with the device witnessing robust demand that outpaced supply. The company hasn't been able to make enough iPhones to meet the higher-than-expected demand as component shortages and coronavirus-driven shutdowns crippled production.\nIn an ideal world, this should lead to strong iPhone shipments in 2022 when the supply chain improves, boosting Apple's top and bottom lines and its stock price in the process. But that may not be the case, causing the stock to lose momentum early in the new year. Let's see why.\nImage Source: Getty Images.\nWhy Apple stock might fall next year\nThe iPhone is Apple's most important product. It produced nearly $192 billion in revenue for the company in fiscal 2021, which was just over 52% of its total revenue of $365.8 billion. Now, there are rumors that Apple may be losing customers due to its inability to make enough iPhones to satisfy demand.\nAccording to a Bloomberg report, the company has reportedly told its component suppliers that the demand for iPhone 13 models has weakened as potential consumers aren't interested anymore in buying the device due to lack of availability. A survey carried out in Japan indicates that the number of existing iPhone owners interested in upgrading to the latest device is lower than last year when more people were interested in upgrading to the iPhone 12.\nOne of the reasons that may be the case is because of the long waiting times for the iPhone 13 Pro models, which are in stronger demand than the standard models. Third-party reports showed that the waiting time for the iPhone 13 Pro and the Pro Max ranged between 16 days and 23 days on Nov. 28. It is worth noting that Apple had reportedly reduced its 2021 iPhone 13 production target by 10 million units due to component shortages, which explains why its devices are still showing extensive waiting times.\nThe problem is that iPhone 13 delays are expected to last until February 2022, as reported by DigiTimes last month. These long waiting times and delays are reportedly causing customers to put off their iPhone 13 purchases. This isn't surprising, as the iPhone 13 will be nearly half a year old by the time it will be readily available for purchase in February next year.\nThis could lead customers to drop the idea of purchasing the iPhone 13 and instead go for the 2022 models. As a result, iPhone revenue could take a hit in the near term and weigh on the company's financial performance and stock price in 2022.\nThe stock could fly higher in the long run\nSavvy investors, however, shouldn't worry about the potential short-term challenges Apple faces. Even if iPhone sales aren't as great as expected in the early part of 2022 due to problems out of the tech titan's control, one shouldn't forget the massive upgrade cycle that's driving Apple's growth.\nAccording to IDC, Apple shipped 50.4 million iPhones in the third quarter of 2021, a jump of nearly 21% over the year-ago period. The company delivered this impressive growth during a quarter when the overall smartphone market contracted 6.7% year over year, with its biggest rivals Samsung and Xiaomi witnessing a contraction in their shipments.\nWhat's more, Apple is enjoying a nice bump in the average selling price of each iPhone. Sales might be hamstrung by component shortages over the next few months, but it cannot be denied that the company is enjoying a mix of volume and price growth thanks to the adoption of 5G smartphones.\nMore importantly, there were more than a billion iPhone users at the beginning of 2021. Wedbush analyst Dan Ives pointed out in October that 25% of Apple's installed base of users haven't upgraded their iPhones in the past three and a half years, which means that there are at least 250 million users in an upgrade window who could buy the iPhone 13.\nAdditionally, the number of iPhone users without a 5G device is even higher since the first 5G iPhone went on sale just over a year ago. All of this indicates that investors shouldn't miss the forest for the trees as the iPhone juggernaut can continue rolling in the long run and the supply chain constraints would probably be just a bump in the road.\nAs such, Apple stock can eventually regain its mojo once it gets the production challenges out of the way in 2022 and ships more iPhones to customers. And this is just one of the reasons this tech stock could fly higher next year as it is working on more products that could accelerate its growth in 2022 and beyond. That's why it might be a good idea to buy the stock in case of a dip as the near-term challenges could eventually make way for long-term gains.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":5118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608635967,"gmtCreate":1638707143274,"gmtModify":1638707143420,"author":{"id":"3580354890331124","authorId":"3580354890331124","name":"Foreverhuat","avatar":"https://static.tigerbbs.com/62fc823435d8b068f4f4c4263b83900a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580354890331124","idStr":"3580354890331124"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/608635967","repostId":"1174181873","repostType":4,"repost":{"id":"1174181873","kind":"news","pubTimestamp":1638578178,"share":"https://www.laohunote.com/m/news/1174181873?lang=zh_CN&edition=full","pubTime":"2021-12-04 08:36","market":"us","language":"en","title":"US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174181873","media":"renaissancecap...","summary":"The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billi","content":"<p>The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.</p><p><blockquote>IPO市场预计将在未来一周回暖，四次IPO计划筹集37亿美元。</blockquote></p><p> Buffett-backed <b>Nu Holdings</b>(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.</p><p><blockquote>巴菲特支持<b>如控股</b>(NU) 计划以 411 亿美元的市值筹集 25 亿美元。这家巴西纯在线银行成立于 2013 年，名为 Nubank，旨在推出免费信用卡产品，提供移动优先的客户体验，但此后已扩展到提供各种其他金融产品。Nu自成立以来发展迅速，目前拥有近5000万客户群，但随着客户群的增长，每位客户的收入一直在下降。</blockquote></p><p> Cloud infrastructure platform <b>HashiCorp</b>(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&M spend.</p><p><blockquote>云基础设施平台<b>哈希公司</b>(HCP) 计划以 140 亿美元的市值筹集 11 亿美元。这家由风险投资支持的公司提供了一套解决方案，可以大规模标准化和自动化云基础设施的配置、保护、连接和运行。虽然 HashiCorp 表现出快速增长和粘性客户群，但由于 S&M 支出，HashiCorp 高度无利可图。</blockquote></p><p> Cannabis finance REIT <b>Chicago Atlantic Real Estate Finance</b>(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.</p><p><blockquote>大麻金融房地产投资信托基金<b>芝加哥大西洋房地产金融</b>(REFI) 计划以 2.96 亿美元的市值筹集 1.06 亿美元。这个新成立的房地产投资信托基金专注于发起、构建和投资第一抵押贷款和由商业房地产担保的替代结构性融资。其目前的投资组合包括向大麻行业国家许可运营商提供的高级贷款。</blockquote></p><p> Canadian gold exploration company <b>Austin Gold</b>(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.</p><p><blockquote>加拿大黄金勘探公司<b>奥斯汀黄金</b>(AUST) 计划以 6400 万美元的市值筹集 1500 万美元。这家加拿大黄金勘探公司目前在内华达州的四处矿产中拥有权益，目前只有一处矿产被认为是重要的。奥斯汀黄金公司迄今为止尚未产生任何营业收入。</blockquote></p><p></p>","source":"lsy1619493174116","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>US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</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\">\nUS IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-12-04 08:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.</p><p><blockquote>IPO市场预计将在未来一周回暖，四次IPO计划筹集37亿美元。</blockquote></p><p> Buffett-backed <b>Nu Holdings</b>(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.</p><p><blockquote>巴菲特支持<b>如控股</b>(NU) 计划以 411 亿美元的市值筹集 25 亿美元。这家巴西纯在线银行成立于 2013 年，名为 Nubank，旨在推出免费信用卡产品，提供移动优先的客户体验，但此后已扩展到提供各种其他金融产品。Nu自成立以来发展迅速，目前拥有近5000万客户群，但随着客户群的增长，每位客户的收入一直在下降。</blockquote></p><p> Cloud infrastructure platform <b>HashiCorp</b>(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&M spend.</p><p><blockquote>云基础设施平台<b>哈希公司</b>(HCP) 计划以 140 亿美元的市值筹集 11 亿美元。这家由风险投资支持的公司提供了一套解决方案，可以大规模标准化和自动化云基础设施的配置、保护、连接和运行。虽然 HashiCorp 表现出快速增长和粘性客户群，但由于 S&M 支出，HashiCorp 高度无利可图。</blockquote></p><p> Cannabis finance REIT <b>Chicago Atlantic Real Estate Finance</b>(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.</p><p><blockquote>大麻金融房地产投资信托基金<b>芝加哥大西洋房地产金融</b>(REFI) 计划以 2.96 亿美元的市值筹集 1.06 亿美元。这个新成立的房地产投资信托基金专注于发起、构建和投资第一抵押贷款和由商业房地产担保的替代结构性融资。其目前的投资组合包括向大麻行业国家许可运营商提供的高级贷款。</blockquote></p><p> Canadian gold exploration company <b>Austin Gold</b>(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.</p><p><blockquote>加拿大黄金勘探公司<b>奥斯汀黄金</b>(AUST) 计划以 6400 万美元的市值筹集 1500 万美元。这家加拿大黄金勘探公司目前在内华达州的四处矿产中拥有权益，目前只有一处矿产被认为是重要的。奥斯汀黄金公司迄今为止尚未产生任何营业收入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89235/US-IPO-Week-Ahead-Digital-banking-and-cloud-infrastructure-lead-a-4-IPO-wee\">renaissancecap...</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":{"REFI":"Chicago Atlantic Real Estate Finance, Inc.","NU":"Nu Holdings Ltd."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/89235/US-IPO-Week-Ahead-Digital-banking-and-cloud-infrastructure-lead-a-4-IPO-wee","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174181873","content_text":"The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.\nBuffett-backed Nu Holdings(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.\nCloud infrastructure platform HashiCorp(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&M spend.\nCannabis finance REIT Chicago Atlantic Real Estate Finance(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.\nCanadian gold exploration company Austin Gold(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.","news_type":1,"symbols_score_info":{"REFI":0.9,"HCP":0.9,"NU":0.9}},"isVote":1,"tweetType":1,"viewCount":4589,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608315610,"gmtCreate":1638625142333,"gmtModify":1638625142476,"author":{"id":"3580354890331124","authorId":"3580354890331124","name":"Foreverhuat","avatar":"https://static.tigerbbs.com/62fc823435d8b068f4f4c4263b83900a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580354890331124","idStr":"3580354890331124"},"themes":[],"title":"","htmlText":"Yo","listText":"Yo","text":"Yo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608315610","repostId":"1174181873","repostType":4,"repost":{"id":"1174181873","kind":"news","pubTimestamp":1638578178,"share":"https://www.laohunote.com/m/news/1174181873?lang=zh_CN&edition=full","pubTime":"2021-12-04 08:36","market":"us","language":"en","title":"US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174181873","media":"renaissancecap...","summary":"The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billi","content":"<p>The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.</p><p><blockquote>IPO市场预计将在未来一周回暖，四次IPO计划筹集37亿美元。</blockquote></p><p> Buffett-backed <b>Nu Holdings</b>(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.</p><p><blockquote>巴菲特支持<b>如控股</b>(NU) 计划以 411 亿美元的市值筹集 25 亿美元。这家巴西纯在线银行成立于 2013 年，名为 Nubank，旨在推出免费信用卡产品，提供移动优先的客户体验，但此后已扩展到提供各种其他金融产品。Nu自成立以来发展迅速，目前拥有近5000万客户群，但随着客户群的增长，每位客户的收入一直在下降。</blockquote></p><p> Cloud infrastructure platform <b>HashiCorp</b>(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&M spend.</p><p><blockquote>云基础设施平台<b>哈希公司</b>(HCP) 计划以 140 亿美元的市值筹集 11 亿美元。这家由风险投资支持的公司提供了一套解决方案，可以大规模标准化和自动化云基础设施的配置、保护、连接和运行。虽然 HashiCorp 表现出快速增长和粘性客户群，但由于 S&M 支出，HashiCorp 高度无利可图。</blockquote></p><p> Cannabis finance REIT <b>Chicago Atlantic Real Estate Finance</b>(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.</p><p><blockquote>大麻金融房地产投资信托基金<b>芝加哥大西洋房地产金融</b>(REFI) 计划以 2.96 亿美元的市值筹集 1.06 亿美元。这个新成立的房地产投资信托基金专注于发起、构建和投资第一抵押贷款和由商业房地产担保的替代结构性融资。其目前的投资组合包括向大麻行业国家许可运营商提供的高级贷款。</blockquote></p><p> Canadian gold exploration company <b>Austin Gold</b>(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.</p><p><blockquote>加拿大黄金勘探公司<b>奥斯汀黄金</b>(AUST) 计划以 6400 万美元的市值筹集 1500 万美元。这家加拿大黄金勘探公司目前在内华达州的四处矿产中拥有权益，目前只有一处矿产被认为是重要的。奥斯汀黄金公司迄今为止尚未产生任何营业收入。</blockquote></p><p></p>","source":"lsy1619493174116","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>US IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</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\">\nUS IPO Week Ahead: Digital banking and cloud infrastructure lead a 4 IPO week<blockquote>美国 IPO 周即将到来：数字银行和云基础设施引领 IPO 周 4</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">renaissancecap...</strong><span class=\"h-time small\">2021-12-04 08:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.</p><p><blockquote>IPO市场预计将在未来一周回暖，四次IPO计划筹集37亿美元。</blockquote></p><p> Buffett-backed <b>Nu Holdings</b>(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.</p><p><blockquote>巴菲特支持<b>如控股</b>(NU) 计划以 411 亿美元的市值筹集 25 亿美元。这家巴西纯在线银行成立于 2013 年，名为 Nubank，旨在推出免费信用卡产品，提供移动优先的客户体验，但此后已扩展到提供各种其他金融产品。Nu自成立以来发展迅速，目前拥有近5000万客户群，但随着客户群的增长，每位客户的收入一直在下降。</blockquote></p><p> Cloud infrastructure platform <b>HashiCorp</b>(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&M spend.</p><p><blockquote>云基础设施平台<b>哈希公司</b>(HCP) 计划以 140 亿美元的市值筹集 11 亿美元。这家由风险投资支持的公司提供了一套解决方案，可以大规模标准化和自动化云基础设施的配置、保护、连接和运行。虽然 HashiCorp 表现出快速增长和粘性客户群，但由于 S&M 支出，HashiCorp 高度无利可图。</blockquote></p><p> Cannabis finance REIT <b>Chicago Atlantic Real Estate Finance</b>(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.</p><p><blockquote>大麻金融房地产投资信托基金<b>芝加哥大西洋房地产金融</b>(REFI) 计划以 2.96 亿美元的市值筹集 1.06 亿美元。这个新成立的房地产投资信托基金专注于发起、构建和投资第一抵押贷款和由商业房地产担保的替代结构性融资。其目前的投资组合包括向大麻行业国家许可运营商提供的高级贷款。</blockquote></p><p> Canadian gold exploration company <b>Austin Gold</b>(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.</p><p><blockquote>加拿大黄金勘探公司<b>奥斯汀黄金</b>(AUST) 计划以 6400 万美元的市值筹集 1500 万美元。这家加拿大黄金勘探公司目前在内华达州的四处矿产中拥有权益，目前只有一处矿产被认为是重要的。奥斯汀黄金公司迄今为止尚未产生任何营业收入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89235/US-IPO-Week-Ahead-Digital-banking-and-cloud-infrastructure-lead-a-4-IPO-wee\">renaissancecap...</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":{"REFI":"Chicago Atlantic Real Estate Finance, Inc.","NU":"Nu Holdings Ltd."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/89235/US-IPO-Week-Ahead-Digital-banking-and-cloud-infrastructure-lead-a-4-IPO-wee","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174181873","content_text":"The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion.\nBuffett-backed Nu Holdings(NU) plans to raise $2.5 billion at a $41.1 billion market cap. Operating as Nubank, this Brazilian online-only bank was formed in 2013 to launch a no-fees credit card offering with a mobile-first customer experience, but has since expanded to offer various other financial products. Nu has grown rapidly since its inception, with a current base of nearly 50 million customers, though revenue per customer has been falling as its base grows.\nCloud infrastructure platform HashiCorp(HCP) plans to raise $1.1 billion at a $14.0 billion market cap. This VC-backed company provides a suite of solutions that standardize and automate the provisioning, securing, connecting, and running of cloud infrastructure at scale. While it has demonstrated rapid growth and a sticky customer base, HashiCorp is highly unprofitable due to S&M spend.\nCannabis finance REIT Chicago Atlantic Real Estate Finance(REFI) plans to raise $106 million at a $296 million market cap. This newly-formed REIT is focused on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its current portfolio consists of senior loans to state-licensed operators in the cannabis industry.\nCanadian gold exploration company Austin Gold(AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.","news_type":1,"symbols_score_info":{"REFI":0.9,"HCP":0.9,"NU":0.9}},"isVote":1,"tweetType":1,"viewCount":3902,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601395209,"gmtCreate":1638489813238,"gmtModify":1638489813441,"author":{"id":"3580354890331124","authorId":"3580354890331124","name":"Foreverhuat","avatar":"https://static.tigerbbs.com/62fc823435d8b068f4f4c4263b83900a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580354890331124","idStr":"3580354890331124"},"themes":[],"title":"","htmlText":"Mmm","listText":"Mmm","text":"Mmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/601395209","repostId":"2188510525","repostType":4,"isVote":1,"tweetType":1,"viewCount":5052,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601011903,"gmtCreate":1638459049655,"gmtModify":1638459049766,"author":{"id":"3580354890331124","authorId":"3580354890331124","name":"Foreverhuat","avatar":"https://static.tigerbbs.com/62fc823435d8b068f4f4c4263b83900a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580354890331124","idStr":"3580354890331124"},"themes":[],"title":"","htmlText":"Wah","listText":"Wah","text":"Wah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601011903","repostId":"1184441337","repostType":4,"repost":{"id":"1184441337","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638457715,"share":"https://www.laohunote.com/m/news/1184441337?lang=zh_CN&edition=full","pubTime":"2021-12-02 23:08","market":"us","language":"en","title":"Ride-hailing firm stocks jumped in morning trading<blockquote>打车公司股票在早盘交易中上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184441337","media":"Tiger Newspress","summary":"Ride-hailing firm stocks jumped in morning trading.Uber and Lyft shares surged 6%.\n\nU.S. ride-hailin","content":"<p>Ride-hailing firm stocks jumped in morning trading.Uber and Lyft shares surged 6%.</p><p><blockquote>打车公司股票在早盘交易中上涨。优步和Lyft股价飙升 6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6d9a656cecda9bc2db20bbf768fa942a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/c8c348ae77337f8a53912df8f8d6bb3b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> U.S. ride-hailing company Uber Technologies Ltd said on Thursday it would roll out a feature that will allow users in India to book rides via messaging service WhatsApp.</p><p><blockquote>美国叫车公司 Uber Technologies Ltd 周四表示，将推出一项功能，允许印度用户通过消息服务 WhatsApp 预订乘车服务。</blockquote></p><p> The move could help Uber tap into the more than 500 million user base of Meta Platforms-owned WhatsApp in India.</p><p><blockquote>此举可能有助于 Uber 利用 Meta Platforms 旗下 WhatsApp 在印度超过 5 亿的用户群。</blockquote></p><p> In addition,Uber Technologies Inc on Thursday said it will launch an optional audio recording pilot program in three U.S. cities to enhance safety, allowing drivers and riders to send trip recordings to Uber in case of a safety incident.</p><p><blockquote>此外，Uber Technologies Inc. 周四表示，将在美国三个城市推出可选的音频录制试点计划，以提高安全性，允许司机和乘客在发生安全事故时将行程录音发送给 Uber。</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>Ride-hailing firm stocks jumped in morning trading<blockquote>打车公司股票在早盘交易中上涨</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; 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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\">\nRide-hailing firm stocks jumped in morning trading<blockquote>打车公司股票在早盘交易中上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-02 23:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Ride-hailing firm stocks jumped in morning trading.Uber and Lyft shares surged 6%.</p><p><blockquote>打车公司股票在早盘交易中上涨。优步和Lyft股价飙升 6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6d9a656cecda9bc2db20bbf768fa942a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/c8c348ae77337f8a53912df8f8d6bb3b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> U.S. ride-hailing company Uber Technologies Ltd said on Thursday it would roll out a feature that will allow users in India to book rides via messaging service WhatsApp.</p><p><blockquote>美国叫车公司 Uber Technologies Ltd 周四表示，将推出一项功能，允许印度用户通过消息服务 WhatsApp 预订乘车服务。</blockquote></p><p> The move could help Uber tap into the more than 500 million user base of Meta Platforms-owned WhatsApp in India.</p><p><blockquote>此举可能有助于 Uber 利用 Meta Platforms 旗下 WhatsApp 在印度超过 5 亿的用户群。</blockquote></p><p> In addition,Uber Technologies Inc on Thursday said it will launch an optional audio recording pilot program in three U.S. cities to enhance safety, allowing drivers and riders to send trip recordings to Uber in case of a safety incident.</p><p><blockquote>此外，Uber Technologies Inc. 周四表示，将在美国三个城市推出可选的音频录制试点计划，以提高安全性，允许司机和乘客在发生安全事故时将行程录音发送给 Uber。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","LYFT":"Lyft, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184441337","content_text":"Ride-hailing firm stocks jumped in morning trading.Uber and Lyft shares surged 6%.\n\nU.S. ride-hailing company Uber Technologies Ltd said on Thursday it would roll out a feature that will allow users in India to book rides via messaging service WhatsApp.\nThe move could help Uber tap into the more than 500 million user base of Meta Platforms-owned WhatsApp in India.\nIn addition,Uber Technologies Inc on Thursday said it will launch an optional audio recording pilot program in three U.S. cities to enhance safety, allowing drivers and riders to send trip recordings to Uber in case of a safety incident.","news_type":1,"symbols_score_info":{"UBER":0.9,"LYFT":0.9}},"isVote":1,"tweetType":1,"viewCount":3662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600771579,"gmtCreate":1638201462721,"gmtModify":1638201463065,"author":{"id":"3580354890331124","authorId":"3580354890331124","name":"Foreverhuat","avatar":"https://static.tigerbbs.com/62fc823435d8b068f4f4c4263b83900a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580354890331124","idStr":"3580354890331124"},"themes":[],"title":"","htmlText":"Also","listText":"Also","text":"Also","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600771579","repostId":"1143270367","repostType":4,"isVote":1,"tweetType":1,"viewCount":4489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}