“Apple shares are down 4 cents at $115.55 two days following its report of fiscal Q4 revenue slightly below expectations, and a forecast for revenue this quarter well above consensus,” Tiernan Ray reports for Barron’s.
“The Street is focused today on the company’s 10-Q filing,” Ray reports. “Tavis McCourt with Raymond James, who has an Outperform rating on the shares, digs through and finds that capital spending is taking a big leap: ‘Capital expenditures are expected to rise to $16.0 billion in FY17 vs. $12.8 billion in FY16 (+25%). We note that FY16 capital spending was only up ~13% y/y, so some of this may be timing of expenditures. Although no details were given, the majority of capital spending for Apple is product tooling, and the higher capital spending levels would suggest substantial new machine tool purchases for next year’s iPhone, which as most expect will be a more differentiated design than the last few models.'”
MacDailyNews Take: Engel machines for Liquidmetal production?
“For the other off-balance-sheet items, Cowen & Co.’s Timothy Arcuri thinks they are signs of continued innovation…”
Read more in the full article here.
MacDailyNews Take: Hmm…
Liquidmetal has partnered exclusively with manufacturing equipment maker Engel, which many consider the leader in injection molding. If something of quality has been injection molded, it’s probably used an Engel machine.
Now think about that for a second. Liquidmetal has an exclusive partnership with Engel to make manufacturing equipment and Engel is the leader in injection molding. On top of that, in order to get one of these Engel Liquidmetal machines, you must have a license from Liquidmetal technologies. Guess who has one? Apple.
Engel is a private, family-run business. Finding out investor information is not easy. This may benefit a super secretive company like Apple because there is no public information on how many machines they’ve sold. — Abdel Ibrahim, AppAdvice, October 18, 2016
SEE ALSO:
All three ‘iPhone 8’ models likely to have glass backs, says source – October 26, 2016
Evidence suggests Apple to use breakthrough Liquidmetal somewhere soon – October 18, 2016
Ming-Chi Kuo: Apple’s next-gen iPhones will get a more scratch-resistant glass body, stainless steel frame and more – September 29, 2016
Apple supplier Catcher CEO: One iPhone model will adopt glass casing next year – May 19, 2016
Apple granted key U.S patent for Touch ID fingerprint recognition integrated into Multi-Touch display – May 18, 2016
Apple supplier LG Innotek embeds fingerprint sensor into display – May 4, 2016
Why the 2017 iPhone will be made of Liquidmetal – April 18, 2016
Ming-Chi Kuo: Apple’s 2017 iPhone to feature new ‘all glass’ enclosure – April 18, 2016
Professor behind Liquidmorphium Turing Phone invests in Liquidmetal, named to Board, enters into cross-licensing agreement – March 14, 2016
3D fingerprint sensors under Gorilla Glass may let Apple kill iPhone’s Home button – July 21, 2015
The Turing Phone is not made out of Liquidmetal – July 15, 2015
Why does Apple keep extending their partnership with Liquidmetal? – June 25, 2015
Apple extends Liquidmetal exclusivity deal through February 2016 – June 23, 2015
Apple working on eliminating the Home button on iPhone, iPad, sources say – June 22, 2015
Two new Liquidmetal patent filings from Apple revealed; list watch and jewelry among potential uses – April 23, 2015
Apple files for patent to move Touch ID fingerprint scanner from home button to display – February 9, 2015
Liquidmetal’s Apple alliance yet to bear fruit – September 30, 2014
Apple’s new Liquidmetal-related patent sparks speculation – July 7, 2014
Apple patents method for embedding sapphire displays in LiquidMetal device chassis – May 27, 2014
Liquidmetal-Visser agreement paves the way for more rapid adoption of amorphous metal manufacturing – May 21, 2014
Apple extends Liquidmetal exclusivity deal through February 2015 – May 21, 2014
