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Apple Park building headquarters for Apple Inc. at 1 Apple Park Way, Cupertino, California aerial - Copyright 2018 David Oppenheimer - Performance Impressions aerial photography archives - www.performanceimpressions.com
2012 Pregnant Pool Pictures Redneck Style -
My Wife was 27 weeks pregnant and she wanted to do some "Fun" pictures, this was her idea! I was very pleased with the results, She is a beautiful woman and an amazing wife and mother! God has blessed me more then I could have ever imagined! It is was pretty simple, we got a kiddie pool after hunting for two days straight we finally found one at a Dollar General store, I had to make sure to fill it with WARM water or she would not get in! So we set up shop in our yard, boiled water and had a blast!
2012 Pregnant Pool Pictures Redneck Style -
My Wife was 27 weeks pregnant and she wanted to do some "Fun" pictures, this was her idea! I was very pleased with the results, She is a beautiful woman and an amazing wife and mother! God has blessed me more then I could have ever imagined! It is was pretty simple, we got a kiddie pool after hunting for two days straight we finally found one at a Dollar General store, I had to make sure to fill it with WARM water or she would not get in! So we set up shop in our yard, boiled water and had a blast!
2012 Pregnant Pool Pictures Redneck Style -
My Wife was 27 weeks pregnant and she wanted to do some "Fun" pictures, this was her idea! I was very pleased with the results, She is a beautiful woman and an amazing wife and mother! God has blessed me more then I could have ever imagined! It is was pretty simple, we got a kiddie pool after hunting for two days straight we finally found one at a Dollar General store, I had to make sure to fill it with WARM water or she would not get in! So we set up shop in our yard, boiled water and had a blast!
"I'm surprised none of you dorks camped outside of your own house last night, then ran back in to order an iPad." - @anildash
Well, old internet friend Anil, you can stop being surprised now. Here's your dork camping out.
[Explore Highest position tracked: 278 on Saturday, March 13, 2010]
2012 Pregnant Pool Pictures Redneck Style -
My Wife was 27 weeks pregnant and she wanted to do some "Fun" pictures, this was her idea! I was very pleased with the results, She is a beautiful woman and an amazing wife and mother! God has blessed me more then I could have ever imagined! It is was pretty simple, we got a kiddie pool after hunting for two days straight we finally found one at a Dollar General store, I had to make sure to fill it with WARM water or she would not get in! So we set up shop in our yard, boiled water and had a blast!
How Fiat Chrysler Crafts Profits In Unique Ways: The Curious Case Of The Dodge Durango
Nov.10.17 | About: Fiat Chrysler (FCAU)
Anton Wahlman
FCA is criticized for selling cars based on old platforms. For example, who would make a three-row SUV based on a muscle-cop car with almost 500 horsepower?
Well, FCA did with Dodge Durango, and it’s on track for 75,000 annual 2017 sales in the U.S. and Canada combined, almost 2x Tesla.
The Dodge Durango is one example of how FCA has exploited a niche in the market to come up with a car that really lacks a direct peer.
This shows how the market is under-appreciating FCA’s ability to yield profitable financial outcomes despite less R&D and green-driverless investment than its peers.
103 years ago, November 10, 1914, the first Dodge rolled off the line. After not quite 103 years of spending time with almost all major automakers, one thing stands out to this analyst: Fiat Chrysler (FCAU) is different than the others.
FCA is occasionally mocked in the media for having too few investments in electrification, hydrogen or "new platforms." It is viewed as a laggard which has underinvested in new cars and their associated technology. Its R&D budget is too small. It's selling too few electric cars at a $20,000 a unit loss. It needs to merge.
I'm here to tell you that FCA is able to grow its profits because it does things a little differently than all the other automakers. It doesn't cost more to design a more beautiful ca than an old car. It also doesn't cost anything to avoid spending billions of dollars on technology that's fashionable among 22-year-old laptop reviewers in San Francisco and among "spend other people's money" government bureaucrats, but are shunned by regular people.
FCA's Dodge brand is a case in point. It's most certainly not a Toyota (TM) Prius or a Tesla (TSLA). In fact, it's pretty much the opposite.
Dodge sells the last remaining true muscle cars: The Challenger is a coupe that unlike its General Motors (GM) and Ford (F) ostensible rivals, actually fits adults in the back seat. That makes a huge difference for a lot of people. There's nothing wrong with a Camaro or a Mustang, but the Dodge Challenger does retro better - and more practical - than its Detroit rivals. It's a classic just like the Porsche 911.
You can even get the muscle car in a four-door version, the Charger, which is a popular cop car as well. And yeah, you can get it with either all-wheel drive (AWD) or 707 horsepower 6.2 liter V8. No other car makes you feel like Clint Eastwood in Dirty Harry ca 1971.
But wait, when it comes to Dodge, it gets even better.
This is 2017, so SUVs are all the rage, even more so than when they first emerged in a meaningful way in the 1990s. What if we took a muscle car, made a three-row SUV out of it, and sold it for as little as $30,000?
Any other automaker would laugh at this proposition. The car would either be a lot more expensive - think Mercedes GLS, its closest mechanical competitor, which starts around $70,000 with the top trim over $125,000 - or it wouldn't really be a rear wheel drive based unibody muscle car.
But not Dodge. Rear-wheel-drive-based unibody muscle car, starting at $30,000? It's so crazy and politically incorrect that… only Dodge could make it.
No, it is neither a joke nor a dream: Dodge actually went ahead and made a muscle car in a three-row SUV format. And it's been a raging success. So far this year in 2017, it has sold 57,829 Durangos in the U.S. and 5,596 in Canada: FCA US Media - FCA US Reports October 2017 Sales. It is therefore on track for approximately 75,000 Durangos sold in U.S. and Canada combined in 2017.
That compares to 37,257 for Tesla thus far in the year, on these shores: Monthly Plug-In Sales Scorecard.
In other words, this muscle-car SUV from Dodge outsold Tesla by not too far from 2:1 in 2017 on these shores. Considering that FCA actually makes money, and Tesla is operating at a 22% negative margin, one might ask why FCA's Dodge Durango isn't worth at least in the ballpark of as much as all of Tesla's entire market cap, currently at over $50 billion even before applying the fully diluted share count.
FCA's Dodge Durango may be outselling Tesla by almost 2:1 on these shores, and at healthy profitability, but is this muscle-car three-row SUV any good? To find out, I spent a collective few days behind the wheels of each of the Durango's three engine variants - one V6 and two V8s.
In the briefest of terms, the Durango V6 has little over 300 horsepower, and the two V8s each have just under 400 and 500 horsepower each. The 5.7 liter V8 is a $4,000 option, and if you want the most powerful 6.4 liter V8 with almost 500 horsepower, it starts around $64,000. Think about it, it's essentially half the price of the Mercedes GLS AMG, arguably its closest competitor. One might argue that the Audi Q7 is the second-closest competitor, offering a longitudinal V6 but no V8 in the U.S. market. Still, even without the V8, the Audi Q7 is a lot more expensive than the Dodge Durango.
Having driven all three engine variants of the Durango, I have firm advice: Just get the base V6. 300 horsepower is more than enough for all but the most extreme towing needs. That said, if you need to tow 8,700 lbs instead of 6,200, you need to pay up for the larger engine.
In its class, however, the typical three-row unibody SUV tows 5,000. Nissan (OTCPK:NSANY) Pathfinder is the leader of the transversely mounted class at 6,000 lbs. Audi Q7 is at 7,700 lbs. Want to tow even more than 8,700 lbs in your SUV? Well, then the all-new aluminum body-on-frame 2018 Ford Expedition is for you.
Why stick with the base V6? The biggest engine with almost 500 horsepower is just too noisy, and I had trouble getting it above 16 MPG no matter how I tried. The 5.7 liter V8 isn't noisy at all, but it's still thirsty, yielding 22 MPG highway and 14 MPG city.
I did drive the 6.4 liter V8 version on a racetrack, and considering all the ways it is beefed up, it would still be the choice of the very few who will race this almost 500 horsepower muscle car SUV. It's certainly the right car for the soccer father who needs to feel like Dirty Harry on a moment's notice.
The Durango is tied with the best car of any kind for in-cabin ease of use. There's just nothing in this cockpit to confuse the driver. Every automaker should follow this example and stay away from infusing too much confusing technology that does not belong in front of the driver.
I mentioned above how the Dodge Durango handily outsells all of Tesla in North America. Well, it beats Tesla in another category too: Infotainment technology. Unlike Tesla, Dodge Durango has both Apple (AAPL) CarPlay and Android (NASDAQ:GOOG) (GOOGL) Auto. Once you have tried these, you most likely don't want to do without them.
For reference, I had driven the GMC Terrain around the same time as the Durango. The GMC Terrain was approximately as lovely as the Durango overall, especially as it concerns the cabin interior. However, the front-wheel-drive based platform illustrates how it also felt very different to drive.
Whereas the GMC Terrain is very soft and cushy, you feel like you're driving an elevated hard-sprung muscle car with the Durango. Some will like that, some won't, and yet others can go either way. I'm probably in the last category. That said, you just can't deny the smile that goes along with driving the Durango's muscle car platform.
FCA's investor relations department really needs to do a better job pointing out how FCA's superior niche-crafting has led to major market success in most profitable market segments. If it had been Tesla coming out with a muscle car SUV and obtained these sales numbers, it could have been assigned somewhere in the ballpark of $50 billion of value. Instead, FCA's entire market cap today is half of that, $26 billion - and the Dodge Durango is barely 1% of the company's overall global unit sales.
Something is clearly wrong in the market's valuation of automakers. The Dodge Durango and how it fits inside FCA's $26 billion market cap, looking to the outside world of far loftier valuations, is one good example of this.
Disclosure: I am/we are short TSLA.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: At the time of submitting this article for publication, the author was short TSLA and long GOOGL. However, positions can change at any time. The author regularly attends press conferences, new vehicle launches and equivalent, hosted by most major automakers. FCA hosted product launch events and provided the cars for review.
The iPhone killed the SmartPhone
Stock chart for the 9th of January 2007, the day the iPhone was released. Compared are, Apple, Research in Motion, and Palm.
MacWorld keynote is was from 12pm - 2pm.
12:15 The Intel transition.
12:20 Paramount movies and the new iTunes ads.
12:25 AppleTV announcement and demo. Ships February 2007.
12:40 The iPhone. Ships June 2007.
12:40 It's an iPhone. It has no keyboard, runs on "OS X", syncs to your home computer OS X data, and has the following hardware features.
12:55 Interaction demo: multi-finger gestures, iPod functionality and cover flow.
1:00 Call-making demo: Conference calls and visual voice mail.
1:15 Content demo: iPhotos and rich text e-mail; surfing with Safari and Widgets.
1:30 Content providers: Google and Yahoo executives.
1:40 Accessories and Price announcement.
1:50 Cingular partnership discussed.
1:55 Wrapping up, thanking employees, mini-Concert.
2:10 The end.
2012 Pregnant Pool Pictures Redneck Style -
My Wife was 27 weeks pregnant and she wanted to do some "Fun" pictures, this was her idea! I was very pleased with the results, She is a beautiful woman and an amazing wife and mother! God has blessed me more then I could have ever imagined! It is was pretty simple, we got a kiddie pool after hunting for two days straight we finally found one at a Dollar General store, I had to make sure to fill it with WARM water or she would not get in! So we set up shop in our yard, boiled water and had a blast!
2012 Pregnant Pool Pictures Redneck Style -
My Wife was 27 weeks pregnant and she wanted to do some "Fun" pictures, this was her idea! I was very pleased with the results, She is a beautiful woman and an amazing wife and mother! God has blessed me more then I could have ever imagined! It is was pretty simple, we got a kiddie pool after hunting for two days straight we finally found one at a Dollar General store, I had to make sure to fill it with WARM water or she would not get in! So we set up shop in our yard, boiled water and had a blast!
I interviewed this Giraffe at the San Diego zoo, and it shared may insights and perspectives about giraffe life, the San Diego zoo, the environmental impact of the BP disaster, the future of the Euro, world economy, and the eventual price of Apple's stock.
In order that you don't miss out on any of it, I have published the entire interview below, LOL!
Nikon D700 + AF-S Nikkor 70-300mm VR
_ND75664
Apple Park building headquarters for Apple Inc. at 1 Apple Park Way, Cupertino, California aerial - Copyright 2018 David Oppenheimer - Performance Impressions aerial photography archives - www.performanceimpressions.com
As the world bids up the price of Apple, Inc. shares (AAPL:Q on NASDAQ) in anticipation that the next generation of iPhone will be even better or the next iPad will be even smaller, or that Apple will somehow displace someone in the TV business, it is a bit hard for me to believe that I used to call this 17+ pound beauty my "portable" computer and carry it back and forth to home, work and University in its padded carry bag.
Still have it and it still works but with only a 20 MB internal hard drive. it wouldn't hold too many of today's multi-megabyte RAW files. The MacIntosh SE - A Bit of Nostalgia
Follow my travels and photographic adventures at: www.MegapixelTravel.com
2012 Pregnant Pool Pictures Redneck Style -
My Wife was 27 weeks pregnant and she wanted to do some "Fun" pictures, this was her idea! I was very pleased with the results, She is a beautiful woman and an amazing wife and mother! God has blessed me more then I could have ever imagined! It is was pretty simple, we got a kiddie pool after hunting for two days straight we finally found one at a Dollar General store, I had to make sure to fill it with WARM water or she would not get in! So we set up shop in our yard, boiled water and had a blast!
Apple Park building headquarters for Apple Inc. at 1 Apple Park Way, Cupertino, California aerial - Copyright 2018 David Oppenheimer - Performance Impressions aerial photography archives - www.performanceimpressions.com
Apple Park building headquarters for Apple Inc. at 1 Apple Park Way, Cupertino, California aerial - Copyright 2018 David Oppenheimer - Performance Impressions aerial photography archives - www.performanceimpressions.com
Apple (NASDAQ:AAPL) has reached a multibillion-dollar deal with Broadcom (NASDAQ:AVGO) for U.S.-made components, helping fulfill an Apple commitment to put $430B into the U.S. economy over five years.
Qualcomm (NASDAQ:QCOM) has dropped 1.7% premarket Tuesday. Broadcom (AVGO) jumped 4.7%.
In the multiyear deal, Broadcom (AVGO) will develop 5G radio frequency components and wireless connectivity components.
The RF components will include FBAR filters designed and built in several American manufacturing and technology hubs, including the Broadcom facility in Fort Collins, Colo.
Apple already helps support more than 1,100 jobs at Broadcom's FBAR facility in Fort Collins.
“All of Apple’s products depend on technology engineered and built here in the United States, and we’ll continue to deepen our investments in the U.S. economy because we have an unshakable belief in America’s future," Apple CEO Tim Cook said.
Apple stock (AAPL) was down 0.6% premarket.
Other Apple suppliers were lower premarket as well. Skyworks Solutions (SWKS) slipped 3.4%, and Qorvo (QRVO) fell 1.5%. Micron Technology (MU) was down 0.8%, and it was still wrestling with the impact of Sunday's news that China was restricting the use of its silicon.
Things iLike.
Talking photos, reading mags, computing (being on flickr).
Just playing around with some lighting ideas for tomorrow's photo shoot.
Lighting info:Metz 45-CL1 into silver umbrella very slightly camera left at 1/1 power.
Sigma 500DGsuper zoomed to 70mm camera left @ 1/1 pointed at my head.
Shot with 5D w/17-40mm lens, using pocket wizard II's to fire flash units. I opened the shutter a while to let the ambient fill the background a bit.
Photo of lighting setup:
www.flickr.com/photos/afred/791218171/in/photostream/
Items in the photo going left to right:300mm f/2.8L, 1DmkII, July 07' issue of Rangefinder, Apple macbook.
Resized and desaturated the photo in Photoshop. Saved as jpeg quality 8.
2012 Pregnant Pool Pictures Redneck Style -
My Wife was 27 weeks pregnant and she wanted to do some "Fun" pictures, this was her idea! I was very pleased with the results, She is a beautiful woman and an amazing wife and mother! God has blessed me more then I could have ever imagined! It is was pretty simple, we got a kiddie pool after hunting for two days straight we finally found one at a Dollar General store, I had to make sure to fill it with WARM water or she would not get in! So we set up shop in our yard, boiled water and had a blast!
Apple iPhone 12 Pro Max smartphone
Fourteenth generation of the iPhone
Released November 13, 2020
Sample video test
Sample photo test
Central Park NYC
Bethesda Terrace and Fountain
Testing all 14 video settings
4K at 60 fps
4K at 60 fps HDR Video High-dynamic-range Dolby Vision
4K at 30 fps
4K at 30 fps HDR Video High-dynamic-range Dolby Vision
4K at 24 fps
4K at 24 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 60 fps
1080p HD at 60fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 30 fps
1080p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
720p HD at 30 fps
720p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 120 fps Slo-mo
1080p HD at 240 fps Slo-mo
Testing 6 camera settings
Square with phone held vertical
4:3 with phone held vertical
16:9 with phone held vertical
Square with phone held horizontal
4:3 with phone held horizontal
16:9 with phone held horizontal
November 28th 2020
Autumn season
Sunset 4:30pm
Phone sells for $1,099.00
Demo video recorded in New York City USA
#Apple #iPhone #iPhone12ProMax #iPhone12 #iPhone12Pro #12ProMax #PhoneTest #VideoTest #CameraTest #Demo #AppleVideo #Video #SamplePhoto #SampleVideo
Apple Park building Apple headquarters City of Cupertino in Silicone Valley California aerial - Copyright 2018 David Oppenheimer - Performance Impressions aerial photography archives - www.performanceimpressions.com
A member of the media uses a Canon SLR camera to record video as congressman and boxer Manny Pacquiao of the Philippines is interviewed during a media workout at Wild Card Boxing Club in Los Angeles October 26, 2011. Credit: Reuters/Danny Moloshok
By Jeremy Wagstaff, Asia chief technology correspondent
SINGAPORE; Wed Apr 25, 2012, 1:55am EDT
(Reuters) - While most attention in the gadget world is on the breakneck pace of innovation in mobile phones, tablets and computers, another device has resolutely refused to die: the camera.
Despite the onslaught of camera phones — the iPhone 4 has this year become the most popular device for posting snaps to the photo-sharing website Flickr — cameras are still being sold. Japan, the world's largest manufacturer, shipped nearly three times as many cameras in January as it did in the same month of 2003, when the camera phone was still in its infancy.
"For several years, it has been predicted that smartphone adoption would cut into digital camera sales," said Prashant Malaviya, Associate Professor of Marketing at Georgetown University's McDonough School of Business. "In fact, the exact opposite has happened."
Driving this is a number of factors, analysts and enthusiasts say. And, while most point to a continuing role for cameras for both professional and personal users, the device's future is far from assured.
Firstly, photography is personal. We may be happy taking snaps with our cellphone or simple point-and-shoot camera, but it turns out that most of us won't entrust key memories to such basic devices. Surveys by NPD In-Stat last November show that while more than a quarter of all American photos were taken by a smartphone, more people were buying cameras with detachable lenses or cameras with optical zooms of 10x or more.
This, says NPD In-Stat senior digital imaging analyst Liz Cutting, is because those people taking important family photos don't want to trust them to a device that isn't up to the task. "Camera photography is certainly not dead," said Cutting. "We're just seeing a skewing towards what the smartphone can't deliver. People are recognizing that and are going for a higher end camera."
This in turn benefits the established players, because users are reluctant to entrust their photos to an untested brand. We may be ready to try out a new brand of cellphone, laptop or TV, but when it comes to family snaps we're more conservative. "It's part of who you are, showing the kind of brand of camera you have," Cutting said. "But it's also trusting the quality of that memory because that's how you remember your life."
This has helped entrench several key players, some of whom have dominated the scene for a generation or more — Canon Inc (7751.T), Nikon Corp (7731.T), Sony Corp (6758.T), Olympus Corp (7733.T), Pentax (7752.T), Fuji (4901.T) and Panasonic Corp (6752.T).
CANON FODDER
Canon has been one of the main beneficiaries of this, maintaining a strong brand from the professional high end to the point-and-shoot bottom, says Christopher Chute, global imaging chief at International Data Corp. Canon has seen its camera business grow as the proportion of its overall sales to more than 25 percent in 2008 from below 11 percent in 1999. In a survey of more than a quarter of a million users of Ontario-based gadget website Sortable.com, Canon was the most popular brand, with a third of the vote.
Not that its rivals are standing idle.
Panasonic, Olympus, Pentax and Nikon have in the past few years launched a new kind of camera that matches the quality of lenses of a professional model with the sleek, light body of a pocket, point-and-shoot device. Although these mirrorless cameras aren't a lot cheaper than the professional digital single lens reflex (DSLR) model, they are lighter and more compact.
This has won them fans among both those trading up and those looking to replace or supplement their professional gear. Ong Hock Chuan, a hobbyist who runs a Jakarta public relations company, recently sold his heavier Canon EOS 50D for a mirrorless Sony NEX-7. Price wasn't a factor. "I was tired of lugging around an SLR and getting a hernia for it," he said. Canon has yet to announce a mirrorless model.
Not only are camera manufacturers seeking an edge over each other: They're battling the encroachment of camera phones on to their territory.
At the bottom, Nokia and other mobile manufacturers have long partnered with lens makers like Carl Zeiss to improve the quality of photographs and phones, a trend which has meant many mobile phones now do a better job of a point-and-shoot camera. The appeal of the camera phone has also grown as social media services like Facebook (FB.O) make it possible to share a photo with friends and family as soon as it's taken.
This leaves the compact point-and-shoot camera segment of the market vulnerable.
In markets such as the United States and Japan, says Japan-based IHS analyst Kun Soo Lee, there's not many more people who want to buy one. On the one hand, this is eating into sales that Canon and others traditionally dominated. On the other, the ease with which photos can be taken on a phone is feeding an interest in taking better photos, expanding the middle of the market into a "pro-sumer" segment of devices which cost a bit more but offer the user options so far unavailable on the mobile phone: An optical, rather than digital, zoom, for example, better flash, and image stabilization.
CANNIBALISATION, INNOVATION
This is driving manufacturers to push more and better technology from their upper end models into cheaper devices. Prices have fallen dramatically in the past decade, says Mark Walters of U.S.-based website TechBargains.com. Ten years ago a 3-megapixel DSLR camera would cost $3,000; now a better quality 18-megapixel DSLR can be found for less than $500. "The technology that has trickled down into the more consumer-targeted DSLRs is incredible," he said.
Lowering prices and raiding the technologies of formerly professional models is not without danger. "This pricing strategy has certainly caused some cannibalization of sales at the higher end for the likes of Canon and Nikon," said Walters, "but they make up for it with volume at the low end by selling more critical accessories like lenses and flashes."
Manufacturers are also competing through innovation.
Apart from mirrorless cameras, there have been improvements in sensors and a technology called high dynamic range (HDR) imaging, which layers images at different exposures. "There's an amazing amount of innovation in digital photography equipment at the moment," said Melbourne-based Sydney Low, a former Internet entrepreneur who now takes sports photos for a living. "More so in many ways than Apple (AAPL.O), HP (HPQ.N) and other computer manufacturers."
While enthusiasts like Low believe that still cameras will eventually be replaced by video cameras — from which scenes can be grabbed — others believe that eventually mobile phone and camera will start to look and feel more like each other.
A range of cameras launched in the past few months, said NPD In-Stat's Cutting, have for the first time included WiFi chips, making it possible for users to share their photos much as a smartphone user might. "It has to be easy, and we haven't hit that yet," she said.
Just as the camera gets smaller and more sociable, so will the mobile phone evolve to incorporate features presently only available on a camera. IHS's Kun said the introduction of 12 megapixel cameras into smartphones, for example, is a "kicker to change the market."
Then, said J. Gerry Purdy of cellphone analysts MobileTrax, there's Polaroid's SC1630, announced in January and due to be launched this year: an Android device with an optical zoom. These and other innovations, Purdy said, may usher in a future where a smartphone camera "will perform as well as today's digital cameras with large optical zoom and larger lenses." California-based Pelican Imaging Corp, for example, promises a camera that will improve image and video quality while allowing for thinner smartphones.
How traditional players react to these challenges is unclear. Canon, for example, has no obvious strategy to combat the rise of the smartphone, said IHS's Kun, and so will have to keep on peddling digital cameras. In the meantime other technologies may arise either inside or outside the industry.
Says IDC's Chute: "Everything is up in the air."
(Editing by Ian Geoghegan)
---
How Fiat Chrysler Crafts Profits In Unique Ways: The Curious Case Of The Dodge Durango
Nov.10.17 | About: Fiat Chrysler (FCAU)
Anton Wahlman
FCA is criticized for selling cars based on old platforms. For example, who would make a three-row SUV based on a muscle-cop car with almost 500 horsepower?
Well, FCA did with Dodge Durango, and it’s on track for 75,000 annual 2017 sales in the U.S. and Canada combined, almost 2x Tesla.
The Dodge Durango is one example of how FCA has exploited a niche in the market to come up with a car that really lacks a direct peer.
This shows how the market is under-appreciating FCA’s ability to yield profitable financial outcomes despite less R&D and green-driverless investment than its peers.
103 years ago, November 10, 1914, the first Dodge rolled off the line. After not quite 103 years of spending time with almost all major automakers, one thing stands out to this analyst: Fiat Chrysler (FCAU) is different than the others.
FCA is occasionally mocked in the media for having too few investments in electrification, hydrogen or "new platforms." It is viewed as a laggard which has underinvested in new cars and their associated technology. Its R&D budget is too small. It's selling too few electric cars at a $20,000 a unit loss. It needs to merge.
I'm here to tell you that FCA is able to grow its profits because it does things a little differently than all the other automakers. It doesn't cost more to design a more beautiful ca than an old car. It also doesn't cost anything to avoid spending billions of dollars on technology that's fashionable among 22-year-old laptop reviewers in San Francisco and among "spend other people's money" government bureaucrats, but are shunned by regular people.
FCA's Dodge brand is a case in point. It's most certainly not a Toyota (TM) Prius or a Tesla (TSLA). In fact, it's pretty much the opposite.
Dodge sells the last remaining true muscle cars: The Challenger is a coupe that unlike its General Motors (GM) and Ford (F) ostensible rivals, actually fits adults in the back seat. That makes a huge difference for a lot of people. There's nothing wrong with a Camaro or a Mustang, but the Dodge Challenger does retro better - and more practical - than its Detroit rivals. It's a classic just like the Porsche 911.
You can even get the muscle car in a four-door version, the Charger, which is a popular cop car as well. And yeah, you can get it with either all-wheel drive (AWD) or 707 horsepower 6.2 liter V8. No other car makes you feel like Clint Eastwood in Dirty Harry ca 1971.
But wait, when it comes to Dodge, it gets even better.
This is 2017, so SUVs are all the rage, even more so than when they first emerged in a meaningful way in the 1990s. What if we took a muscle car, made a three-row SUV out of it, and sold it for as little as $30,000?
Any other automaker would laugh at this proposition. The car would either be a lot more expensive - think Mercedes GLS, its closest mechanical competitor, which starts around $70,000 with the top trim over $125,000 - or it wouldn't really be a rear wheel drive based unibody muscle car.
But not Dodge. Rear-wheel-drive-based unibody muscle car, starting at $30,000? It's so crazy and politically incorrect that… only Dodge could make it.
No, it is neither a joke nor a dream: Dodge actually went ahead and made a muscle car in a three-row SUV format. And it's been a raging success. So far this year in 2017, it has sold 57,829 Durangos in the U.S. and 5,596 in Canada: FCA US Media - FCA US Reports October 2017 Sales. It is therefore on track for approximately 75,000 Durangos sold in U.S. and Canada combined in 2017.
That compares to 37,257 for Tesla thus far in the year, on these shores: Monthly Plug-In Sales Scorecard.
In other words, this muscle-car SUV from Dodge outsold Tesla by not too far from 2:1 in 2017 on these shores. Considering that FCA actually makes money, and Tesla is operating at a 22% negative margin, one might ask why FCA's Dodge Durango isn't worth at least in the ballpark of as much as all of Tesla's entire market cap, currently at over $50 billion even before applying the fully diluted share count.
FCA's Dodge Durango may be outselling Tesla by almost 2:1 on these shores, and at healthy profitability, but is this muscle-car three-row SUV any good? To find out, I spent a collective few days behind the wheels of each of the Durango's three engine variants - one V6 and two V8s.
In the briefest of terms, the Durango V6 has little over 300 horsepower, and the two V8s each have just under 400 and 500 horsepower each. The 5.7 liter V8 is a $4,000 option, and if you want the most powerful 6.4 liter V8 with almost 500 horsepower, it starts around $64,000. Think about it, it's essentially half the price of the Mercedes GLS AMG, arguably its closest competitor. One might argue that the Audi Q7 is the second-closest competitor, offering a longitudinal V6 but no V8 in the U.S. market. Still, even without the V8, the Audi Q7 is a lot more expensive than the Dodge Durango.
Having driven all three engine variants of the Durango, I have firm advice: Just get the base V6. 300 horsepower is more than enough for all but the most extreme towing needs. That said, if you need to tow 8,700 lbs instead of 6,200, you need to pay up for the larger engine.
In its class, however, the typical three-row unibody SUV tows 5,000. Nissan (OTCPK:NSANY) Pathfinder is the leader of the transversely mounted class at 6,000 lbs. Audi Q7 is at 7,700 lbs. Want to tow even more than 8,700 lbs in your SUV? Well, then the all-new aluminum body-on-frame 2018 Ford Expedition is for you.
Why stick with the base V6? The biggest engine with almost 500 horsepower is just too noisy, and I had trouble getting it above 16 MPG no matter how I tried. The 5.7 liter V8 isn't noisy at all, but it's still thirsty, yielding 22 MPG highway and 14 MPG city.
I did drive the 6.4 liter V8 version on a racetrack, and considering all the ways it is beefed up, it would still be the choice of the very few who will race this almost 500 horsepower muscle car SUV. It's certainly the right car for the soccer father who needs to feel like Dirty Harry on a moment's notice.
The Durango is tied with the best car of any kind for in-cabin ease of use. There's just nothing in this cockpit to confuse the driver. Every automaker should follow this example and stay away from infusing too much confusing technology that does not belong in front of the driver.
I mentioned above how the Dodge Durango handily outsells all of Tesla in North America. Well, it beats Tesla in another category too: Infotainment technology. Unlike Tesla, Dodge Durango has both Apple (AAPL) CarPlay and Android (NASDAQ:GOOG) (GOOGL) Auto. Once you have tried these, you most likely don't want to do without them.
For reference, I had driven the GMC Terrain around the same time as the Durango. The GMC Terrain was approximately as lovely as the Durango overall, especially as it concerns the cabin interior. However, the front-wheel-drive based platform illustrates how it also felt very different to drive.
Whereas the GMC Terrain is very soft and cushy, you feel like you're driving an elevated hard-sprung muscle car with the Durango. Some will like that, some won't, and yet others can go either way. I'm probably in the last category. That said, you just can't deny the smile that goes along with driving the Durango's muscle car platform.
FCA's investor relations department really needs to do a better job pointing out how FCA's superior niche-crafting has led to major market success in most profitable market segments. If it had been Tesla coming out with a muscle car SUV and obtained these sales numbers, it could have been assigned somewhere in the ballpark of $50 billion of value. Instead, FCA's entire market cap today is half of that, $26 billion - and the Dodge Durango is barely 1% of the company's overall global unit sales.
Something is clearly wrong in the market's valuation of automakers. The Dodge Durango and how it fits inside FCA's $26 billion market cap, looking to the outside world of far loftier valuations, is one good example of this.
Disclosure: I am/we are short TSLA.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: At the time of submitting this article for publication, the author was short TSLA and long GOOGL. However, positions can change at any time. The author regularly attends press conferences, new vehicle launches and equivalent, hosted by most major automakers. FCA hosted product launch events and provided the cars for review.
Apple iPhone 12 Pro Max smartphone
Fourteenth generation of the iPhone
Released November 13, 2020
Sample video test
Sample photo test
Central Park NYC
Bethesda Terrace and Fountain
Testing all 14 video settings
4K at 60 fps
4K at 60 fps HDR Video High-dynamic-range Dolby Vision
4K at 30 fps
4K at 30 fps HDR Video High-dynamic-range Dolby Vision
4K at 24 fps
4K at 24 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 60 fps
1080p HD at 60fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 30 fps
1080p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
720p HD at 30 fps
720p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 120 fps Slo-mo
1080p HD at 240 fps Slo-mo
Testing 6 camera settings
Square with phone held vertical
4:3 with phone held vertical
16:9 with phone held vertical
Square with phone held horizontal
4:3 with phone held horizontal
16:9 with phone held horizontal
November 28th 2020
Autumn season
Sunset 4:30pm
Phone sells for $1,099.00
Demo video recorded in New York City USA
#Apple #iPhone #iPhone12ProMax #iPhone12 #iPhone12Pro #12ProMax #PhoneTest #VideoTest #CameraTest #Demo #AppleVideo #Video #SamplePhoto #SampleVideo
Apple iPhone 12 Pro Max smartphone
Fourteenth generation of the iPhone
Released November 13, 2020
Sample video test
Sample photo test
Central Park NYC
Bethesda Terrace and Fountain
Testing all 14 video settings
4K at 60 fps
4K at 60 fps HDR Video High-dynamic-range Dolby Vision
4K at 30 fps
4K at 30 fps HDR Video High-dynamic-range Dolby Vision
4K at 24 fps
4K at 24 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 60 fps
1080p HD at 60fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 30 fps
1080p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
720p HD at 30 fps
720p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 120 fps Slo-mo
1080p HD at 240 fps Slo-mo
Testing 6 camera settings
Square with phone held vertical
4:3 with phone held vertical
16:9 with phone held vertical
Square with phone held horizontal
4:3 with phone held horizontal
16:9 with phone held horizontal
November 28th 2020
Autumn season
Sunset 4:30pm
Phone sells for $1,099.00
Demo video recorded in New York City USA
#Apple #iPhone #iPhone12ProMax #iPhone12 #iPhone12Pro #12ProMax #PhoneTest #VideoTest #CameraTest #Demo #AppleVideo #Video #SamplePhoto #SampleVideo
Apple iPhone 12 Pro Max smartphone
Fourteenth generation of the iPhone
Released November 13, 2020
Sample video test
Sample photo test
Central Park NYC
Bethesda Terrace and Fountain
Testing all 14 video settings
4K at 60 fps
4K at 60 fps HDR Video High-dynamic-range Dolby Vision
4K at 30 fps
4K at 30 fps HDR Video High-dynamic-range Dolby Vision
4K at 24 fps
4K at 24 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 60 fps
1080p HD at 60fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 30 fps
1080p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
720p HD at 30 fps
720p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 120 fps Slo-mo
1080p HD at 240 fps Slo-mo
Testing 6 camera settings
Square with phone held vertical
4:3 with phone held vertical
16:9 with phone held vertical
Square with phone held horizontal
4:3 with phone held horizontal
16:9 with phone held horizontal
November 28th 2020
Autumn season
Sunset 4:30pm
Phone sells for $1,099.00
Demo video recorded in New York City USA
#Apple #iPhone #iPhone12ProMax #iPhone12 #iPhone12Pro #12ProMax #PhoneTest #VideoTest #CameraTest #Demo #AppleVideo #Video #SamplePhoto #SampleVideo
2012 Pregnant Pool Pictures Redneck Style -
My Wife was 27 weeks pregnant and she wanted to do some "Fun" pictures, this was her idea! I was very pleased with the results, She is a beautiful woman and an amazing wife and mother! God has blessed me more then I could have ever imagined! It is was pretty simple, we got a kiddie pool after hunting for two days straight we finally found one at a Dollar General store, I had to make sure to fill it with WARM water or she would not get in! So we set up shop in our yard, boiled water and had a blast!
“iTunes: Country change” $AAPL #UX #FAIL #opinions
1 2
3 4
1. The updated iTunes is awesome. Spiffy and neat. SML Love. SML Thank You. Yes I own a lot of @Tiesto. Tiesto is my “work like a machine” biohacking music. The US Air Force uses Amphetamine for the same purpose, but Tiesto is both safer and cheaper (and legal in most countries).
2. Now that my iTunes Match subscription has ended, I can finally change country. SML Thank You. Updated my credit card information to Hong Kong, so all should be good, right?
3. Apparently not. I kept on getting error 5002. Googling the net it seems that credit card info is the issue. People suggest that removing CC and then only subscribing again should work. But not for me.
4. But I have identified the issue. Basically, the US address entries contain City and State information which Hong Kong address does not. But since I used to live in New York, those fields are active, thus obviously my bank does not authorize an address in Brooklyn but there is no way for me to remove those entries in my address fields [2]
SML2AAPL: please fix! SML Thank You in advance.
/ SML.20130121.SC.AAPL.iTunes.UX.FAIL.Opinions
/ #SMLScreenshots #CCBY #SMLOpinions #SMLMusic #SMLUniverse #SMLLove #SMLThankYou
/ #screenshots #AAPL #Apple #iTunes #UX #UserExperience #FAIL #opinions #US #technology #business #annoyance #HongKong #China #country #locale #change #Mac #Apps
2012 Pregnant Pool Pictures Redneck Style -
My Wife was 27 weeks pregnant and she wanted to do some "Fun" pictures, this was her idea! I was very pleased with the results, She is a beautiful woman and an amazing wife and mother! God has blessed me more then I could have ever imagined! It is was pretty simple, we got a kiddie pool after hunting for two days straight we finally found one at a Dollar General store, I had to make sure to fill it with WARM water or she would not get in! So we set up shop in our yard, boiled water and had a blast!
Fiat Chrysler Replaces Its Iconic Moneymaker, The Jeep Wrangler
Dec.18.17 | About: Fiat Chrysler (FCAU)
Anton Wahlman
Anton Wahlman
Long/short equity
MARKETPLACEAuto Insight For Wall St.
(2,852 followers)
Summary
FCA brings to market the all-new Jeep Wrangler in January 2018. I drove a pre-production unit, and it’s a quantum leap over its predecessor.
The Jeep Wrangler is a 250,000-a-year franchise globally and widely believed to be FCA’s most profitable product line.
In addition to the “regular” Wrangler, the pickup truck version arrives one year later, and could add another 200,000 - 250,000 per year in most profitable unit sales.
This Jeep pickup launches FCA into the midsize pickup truck segment, which Ford also is expected to enter in 2019 with the Ranger.
Both versions of the all-new Jeep Wrangler should immensely help FCA’s gross margin dollars, gross margin percentage, and net profits.
Of all the car designs in the world today, the Jeep (Fiat Chrysler)(FCAU) Wrangler may be the most iconic. It launched the Jeep brand as a military vehicle in 1941. It got doors (!) in 1983, and is made in Toledo, Ohio, from where it is exported to 150 countries.
An all-new Jeep Wrangler doesn’t come often. They’ve been spaced about a decade apart. So when the all-new Wrangler hits U.S. dealerships in January 2018, it’s a very big deal. I got the chance to drive an early production version for a day in early December.
Actually, I got to drive a few different versions of this all-new Jeep Wrangler, but more on that in a moment. When approaching this all-new iteration of the iconic American product for the first time, I put my hand on my heart, said The Pledge of Allegiance and sang America The Beautiful. I looked up into the sky and saw the clouds form in the images of General Patton and General Macarthur. I felt as if I was going to land on a foreign beach in the middle of World War 2.
The first impression of the all-new Jeep Wrangler is that it looks almost exactly like the old one. That’s a feature, not a bug. It would be no more appropriate to make changes to the American flag, than to the Jeep Wrangler’s basic looks.
However, this first impression is deceiving. The all-new Jeep Wrangler is indeed all-new, from the ground up. It’s just meant to look like the old one, at first glance.
Actually, the angle from which you can best see that this is an all-new Jeep, is from the rear. I drove behind someone in the new Wrangler for a few minutes, and it’s clear that it’s all-new. It’s a lot more square, including the rear lights, and the rear glass is much larger. It looks like it has shed weight, which it has: A couple of hundred pounds, to be approximate.
The interior is not to be confused with the old Wrangler. From the inside of the doors, to the instrument panel, to what’s between the seats, the Jeep Wrangler is now fully modern. It’s got all the features and creature comforts that you expect from the most modern cars.
Unlike, say, Tesla (TSLA), the all-new Jeep Wrangler has Android (GOOGL) Auto and Apple (AAPL) CarPlay. It’s also got one of the cleverest things I have seen in any car interior - two entirely new ways to store your smartphones. One is in a very clever gap to the side of the hand brake. The other one is in a slot between the center cup holders, where you can also opt to place your key.
Each of these two additional smartphone slots are rubber lined, so that the phones won’t slide around or rattle. In total, this now means you can put in four smartphones, also utilizing the two cup holders. This is genius, and I hope every car copies it. Or does FCA have a patent on it?
One more thing in the realm of FCA’s technology leadership: The new Wrangler also may be the very first vehicle to have not just USB ports, but also USB-C, which is the way you charge most higher-end Android smartphones as well as Chromebooks.
On the whole, the new Wrangler’s interior is just about flawless. The seating position was very good, and it’s now also easier to step in and out of the vehicle. It simply shouldn’t be compared to the old Wrangler at all. It’s like night and day - 100% of it for the better. Much better.
How does the new Wrangler drive?
I have a confession to make. I did not like driving the old Wrangler, other than in extreme off-road situations. The car was just too old and didn’t handle well on-road. I wouldn’t want to use it as a daily driver.
The all-new Jeep Wrangler? It’s the complete opposite! The only minor complaint I had was that the steering is very, very light, and too imprecise for my taste. However, not devastatingly so.
Think about what this does to the addressable market for the Jeep Wrangler. Until now, the Wrangler was a severe penalty box compared to most other SUVs on the market. It was not a competitive daily driver.
Now, in contrast, the Jeep Wrangler can compete for a far larger share of the SUV market because it is very pleasant to drive on-road, not just for its off-road prowess. No longer does it feel like much of a compromise.
The engine? The base engine will be FCA’s 3.6 liter gasoline V6 that sits in a long list of FCA products from Jeep to Dodge to Chrysler to RAM. It’s got a good character, and works well with the new eight-speed automatic transmission (I did not drive the manual one).
However, the major surprise was the four-cylinder engine, which will be available closer to June 2018 for a $1,000 upcharge. This engine is built in Italy and has its origins with FCA’s heritage as the owner of Alfa Romeo and Maserati. You also may recall that FCA was the owner of Ferrari (RACE) until a couple of years ago.
FCA would protest loudly and claim it’s technically inaccurate, but I’ll say it anyway: One might argue that this Italian four-cylinder engine has a heritage that traces first to Alfa Romeo, and then more distantly to Maserati, finally culminating at Ferrari as its family patriarch. No, this isn’t a Ferrari engine - but you cannot be blamed for imagining traces of a family lineage.
As good as the V6 was to drive - and I had no complaints - the Italian four-cylinder engine is simply better. You should spend the extra $1,000 for it. It spooled up quickly and simply behaved extremely well.
There will be two additional powertrains as well: Diesel in 2019 and plug-in hybrid in 2020. I imagine the plug-in hybrid won’t be paired with the V6 or the diesel, but rather with a four-cylinder gasoline engine. I also imagine a 11-14 kWh battery located immediately behind the rear seats, on top of the rear axle.
The new engines and transmissions, combined with the lighter body and improved aerodynamics, mean that fuel economy is greatly improved over the outgoing Wrangler. Jeep has yet to release final EPA-certified numbers, but it estimates that the V6 versions should see a 3 MPG improvement over the 2017 Wrangler. That Italian four-cylinder? Probably even better.
The Wrangler has been famous for offering ways to fold the front windshield, removing the doors, and various open-top abilities. The problem was always that it could take literally hours to do all of those things.
In the new Wrangler, all of those voluntary tasks have been made dramatically faster. I don’t mean cutting the time by half. I mean cutting the time in some cases 90% or 99%.
The extreme off-road versions of the Wrangler will continue to be called the Rubicon, and it is now even more off-road capable than before. You can fit larger wheels with greater ease, and the various drivetrain components are more off-road worthy.
This is the new Wrangler price list, exclusive of $1,195 delivery charge:
2-door base: $26,995
2-door Rubicon: $36,995
4-door base: $30,495
4-door Sahara: $37,345
4-door Rubicon: $40,495
There will of course be numerous ways to add to these prices with a long list of optional equipment. If you want to pay more than $50,000 for your next-generation tricked-out Jeep Wrangler starting in January 2018, you should have no problem doing so. But I would recommend waiting a few months until 2Q 2018 when the Italian-built engine becomes available.
What does this mean for the FCA shareholder?
FCA has been making approximately 250,000 Jeep Wranglers per year in its Toledo, Ohio, factory. Actually, the Toledo factory is divided into two separate factories. One of these factories will continue to make the old Wrangler for another few months, probably until April 2018. The reason for this is to avoid a gap in supply.
The new Wrangler is made in the other Toledo factory, which was making the Jeep Cherokee until April 2017. The Cherokee production was moved to a factory in Michigan instead.
So what will happen to the other Wrangler factory, where the old one continues to be made until April 2018? It will be re-tooled thereafter, to start making the pickup truck version of the Jeep Wrangler, starting perhaps as early as the fourth quarter of 2018, with U.S. retail sales beginning perhaps around January 2019.
This is a big deal for the FCA shareholder. Unlike General Motors (GM), Toyota (TM) and Nissan (OTCPK:NSANY), FCA does not currently sell a midsize pickup truck. The U.S. midsize pickup truck market grew a whopping 25% in 2016, although the growth rate slowed to a mere 1% for the first eleven months of 2017.
It is the midsize pickup truck business that makes GM larger than Ford, for the first 11 months of 2017, in terms of U.S. pickup truck unit sales. Without it, Ford’s F-series now handily outsells the Chevrolet Silverado and GMC Sierra combined.
What could the Jeep pickup truck mean in terms of sales for FCA? The RAM full-size pickup truck now is on a path to end 2017 with 500,000 sales in the U.S. alone. Canada is on track to just exceed 100,000 RAM pickup truck unit sales in 2017. So that’s over 600,000 for these two countries alone.
The part of the Toledo factory making the Jeep pickup truck should have an annual output that could potentially reach 250,000 units. If you add 250,000 to RAM’s full-size truck sales, FCA’s pickup truck business starts to approach the total size of the GM and Ford equivalent businesses.
If FCA can pull this off, that would be huge.
Then again, every step along the way from zero to 250,000 of these additional trucks will bring incremental profits for FCA. Why such leverage from even a small volume? That’s because the incremental development cost from the “regular” Wrangler to the pickup truck version should be relatively minimal, for as far as these things go. Obviously you are still down a billion dollars or whatever for the factory retooling and the incremental development, but for the potential of selling up to 250,000 of the highest-margin product, that is a very good deal.
Let’s take a look at the current Jeep Wrangler and RAM pickup sales in the U.S. and Canada, and assume that FCA can achieve a “steady-state” sales of the Wrangler pickup truck that would be only 20% smaller than the non-pickup Wrangler:
FCA Jan-Nov
USA
Canada
total
RAM pickup
455816
93192
549008
Jeep Wrangler
176822
16249
193071
Jeep "pickup"
141458
12999
154457
TOTAL
774096
122440
896536
As you can see in the table above, for 11 months alone, this “pro-formas” to almost exactly 900,000 sales in only two countries. Considering that December is usually a large month, it could basically be a million for the full year. Some of these products also will be sold in almost 150 countries worldwide, not just North America. Fellow real and would-be investors, this could be a huge business starting in 2019 and certainly in 2020! And these are FCA’s highest-margin products to boot.
Conclusion: FCA shareholders, rejoice!
What have we learned in this article? Four main things:
FCA’s most iconic product, the Jeep Wrangler, arrives in all-new format in January 2018 and it is nothing short of spectacular. It’s a quantum leap better than the old one, which already was a sales and margin success. Given that it’s now a great product not only off-road, but also on-road (for the first time in its history), it also greatly expands its addressable market.
The pickup truck version of the all-new Jeep Wrangler could arrive one year after the “regular” one, and it could have a capacity of 250,000 units per year, just like the regular Wrangler. So that's half a million units in total for the Wrangler family.
The pickup truck version of the Jeep Wrangler effectively throws FCA into the U.S. midsize truck segment with a highly differentiated product. When combined with the regular Wrangler and the RAM pickup truck, it is realistically a 1 million unit per year business in the U.S. plus Canada combined, not even counting all the other countries around the world.
This will do wonders for FCA’s gross margin dollars, gross margin percentage, and net profit. Small wonder FCAU stock now trades right near its highs, over $18 per share.
Apple Park building headquarters for Apple Inc. at 1 Apple Park Way, Cupertino, California aerial - © 2023 David Oppenheimer - Performance Impressions aerial photography archives - performanceimpressions.com
Last year, I asked a question on Quora asking why Apple ($AAPL) does not violate antitrust laws to default Safari as its browser on iOS devices while Microsoft ($MSFT) was fined billions for defaulting Internet Explorer in Windows. An anonymous user reasoned that Apple’s practice cannot be considered as monopolistic because it does not hold the majority share of the market [1].
A couple of days ago, Bloomberg reported that Apple has—for the first time—taken over Samsung to become the top mobile-phone maker in the U.S. [2]
Does this mean that it is finally possible to pressure Apple to give users the option to customize which browser is used by default on iOS? That would be very welcome, as Google ($GOOG) Chrome on iOS in my opinion gives a far better user experience than Safari, and frankly it is wasting a lot of time for me to be copying URLs from Safari just so that I can paste into Google Chrome.
# Notes
1. Bloomberg: 2013-02-01: Apple Overtakes Samsung With 34% of U.S. Mobile Market: www.bloomberg.com/news/2013-02-01/apple-overtakes-samsung...
Apple Inc. (AAPL) passed Samsung (005930) Electronics Co. to become the top mobile-phone maker in the U.S. for the first time, scoring a victory in the companies’ battle for global dominance of the mobile-device market.
The U.S. market is a stronghold for Apple as it faces intensifying competition from Samsung and other smartphone makers using Google Inc. (GOOG)’s Android operating system. Samsung, which also makes cheaper handsets with less sophisticated functions, is the global leader in mobile phones with more than 100 million units sold last quarter.
2. Quora: Antitrust: If Microsoft’s inclusion of Internet Explorer is anti-competitive, why is it ok for Apple to force people to use Safari on iOS devices? www.quora.com/Antitrust/If-Microsofts-inclusion-of-Intern...
“Apple became US top mobi = antitrust law now applicable?” $AAPL $GOOG $MSFT
/ SML.20130204.SC.PublicMedia.Bloomberg.20130201.apple-overtakes-samsung-by-taking-34-u-s-mobile-phone-market
/ #SMLQuery #SMLOpinions #CCBY #SMLFinance #SMLData #SMLUniverse #SMLPublicMedia
/ #AAPL #Apple #GOOG #Google #MSFT #Microsoft #UX #UserExperience #questions #antitrust #law #Quora #opinions #Bloomberg #technology #US #Safari #iOS #GoogleChrome #Samsung #Android
Apple iPhone 12 Pro Max smartphone
Fourteenth generation of the iPhone
Released November 13, 2020
Sample video test
Sample photo test
Central Park NYC
Bethesda Terrace and Fountain
Testing all 14 video settings
4K at 60 fps
4K at 60 fps HDR Video High-dynamic-range Dolby Vision
4K at 30 fps
4K at 30 fps HDR Video High-dynamic-range Dolby Vision
4K at 24 fps
4K at 24 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 60 fps
1080p HD at 60fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 30 fps
1080p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
720p HD at 30 fps
720p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 120 fps Slo-mo
1080p HD at 240 fps Slo-mo
Testing 6 camera settings
Square with phone held vertical
4:3 with phone held vertical
16:9 with phone held vertical
Square with phone held horizontal
4:3 with phone held horizontal
16:9 with phone held horizontal
November 28th 2020
Autumn season
Sunset 4:30pm
Phone sells for $1,099.00
Demo video recorded in New York City USA
#Apple #iPhone #iPhone12ProMax #iPhone12 #iPhone12Pro #12ProMax #PhoneTest #VideoTest #CameraTest #Demo #AppleVideo #Video #SamplePhoto #SampleVideo
It takes someone with a vision to steer a company, and it takes someone with principles to be the gate keeper for optimal user experience. Having the guts to believe in something will likely upset many people in the process. Doing so will often facilitate hate from the team. It will not make you popular, but the fate of the company rests in that person’s hand.
I cannot help but notice that Apple’s user experience went to dust after Steve Jobs died. I am not even a member of the Mac cult myself, as I use every single OS in the market. I started using OSX as my main operation system after falling in love with Gnome with Ubuntu in 2008. So my conversion is dissimilar to most. It was not because of my hate for Microsoft, but my love for Linux.
Pictured is the latest iTunes update. I was looking for Genius but I cannot find it. For the first time I consulted with the help for iTunes. I have never once before used the help docs for doing anything inside iTunes. It seems that to evoke Genius you now have to Control-click to start a genius play. Who the __ came up with this unusable nonsense? What is wrong with the UX team? Is there massive fight overs now that Steve Jobs died? One can only imagine the politics inside this US technology business after the powers that be is no longer alive.
SML2AAPL: take care of your customers. When you fail that you will see your stock plummet like a free-fall. Just look at $FB. Stop the infighting if it exists. I hope that I can expect better from you in the future. Like you said, think different. After Jobs’ death I can hardly differentiate you from other technology business anymore.
/ #SMLOpinions #CCBY #SMLPhotography #SMLUniverse #SMLFinance
/ #Apple UX opinions #UserExperience #SteveJobs #OSX #iTunes #genius #Mac #apps #Microsoft #Windows #Linux #Ubuntu #Gnome #US #technology #business #customers #future #finance #facebook #usability #vision #company #politics #help
Apple iPhone 12 Pro Max smartphone
Fourteenth generation of the iPhone
Released November 13, 2020
Sample video test
Sample photo test
Central Park NYC
Bethesda Terrace and Fountain
Testing all 14 video settings
4K at 60 fps
4K at 60 fps HDR Video High-dynamic-range Dolby Vision
4K at 30 fps
4K at 30 fps HDR Video High-dynamic-range Dolby Vision
4K at 24 fps
4K at 24 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 60 fps
1080p HD at 60fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 30 fps
1080p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
720p HD at 30 fps
720p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 120 fps Slo-mo
1080p HD at 240 fps Slo-mo
Testing 6 camera settings
Square with phone held vertical
4:3 with phone held vertical
16:9 with phone held vertical
Square with phone held horizontal
4:3 with phone held horizontal
16:9 with phone held horizontal
November 28th 2020
Autumn season
Sunset 4:30pm
Phone sells for $1,099.00
Demo video recorded in New York City USA
#Apple #iPhone #iPhone12ProMax #iPhone12 #iPhone12Pro #12ProMax #PhoneTest #VideoTest #CameraTest #Demo #AppleVideo #Video #SamplePhoto #SampleVideo
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Current in-use cellular devices as of January 2017.
L-R:
iPhone 6s 128gb on grandfathered AT&T unlimited plan
iPhone 7 128gb on grandfathered Verizon unlimited plan
Google Pixel 128gb on grandfathered Verizon unlimited plan
Google Nexus 5x 32gb on Project Fi
The iPhone 7 was probably my worst tech purchase of 2016. Totally not worth it. Add to the fact that I made the mistake of lining up for hours in SF on launch day at the snarkier-than-most Apple store there and I can't help but shake my head at it. Seriously Apple, how do you still suck at pre-orders? Oh right, it's good press when you have people lined up outside, so there's no real incentive to improve that disaster. I've already liquidated all of my shares of AAPL given the "progress" of the company with its most recent devices. My complaints with the iPhone 7? The haptic home key is a nightmare - particularly with gloves when it doesn't register a press. The lack of a headphone port wasn't something I thought would matter since I don't use headphones with my phone, but it's actually hugely inconvenient (found this out when I couldn't hook up a microphone for audio capture). As a "major" update, it's just a wholly unimpressive device. People tout their iPhone/whatever cameras and how great they are all the time. The camera on the iPhone 7 is an improvement over that of the iPhone 6s, which I appreciate - I always have my phone with me so it's the camera that's always with me. That said, I have a collection of dSLRs, film cameras and a Leica digital rangefinder, so it's hard for me to really say that the camera on my phone is "amazing." The iPhone 7 Plus' camera, on the other hand, is very good. But I don't do phablets, so no dice for me.
As part of the battery recall, I got a refurb iPhone 6s recently that replaced my launch day iPhone 6s. I am very happy with my iPhone 6s.
The Google Pixel replaces a Samsung S6 Edge that I never got around to rooting and putting a cleaner ROM on. Samsung's bloatware is rubbish. I really like the S6 Edge - it's a good size and a nice device. The curved screen is a total gimmick to me - a curiosity that has little real-world value. Worse, you have to hold the phone in a particular way so that you aren't accidentally registering a press on the sides of the device. With a less bloated ROM and a better cadence of software updates from Verizon, I would have happily stayed with the S6 Edge. That said, I wanted to give the Pixel a go, and I'm glad I did. This device is fantastic. I haven't really taken any photos with its camera, so no comment on that yet. Google's deep integration - while slightly creepy - is handy. "Live" security patches and timely updates are great. Did you know that you can use the Pixel as a battery pack to charge other devices? Cool. I didn't start using Android devices at all until the S6 Edge, so I'm not as heavily invested in that ecosystem as I am in Apple's, but from what I've seen so far, I like it.
The Nexus 5x is my international travel phone and was purchased via Google with a Project Fi SIM. Having data and SMS and voice if I really need it right when I land is a godsend. The extra data-only SIMs that Fi provides for free are fantastic - I have one in an unlocked hotspot device and another in an iPad. I use the Nexus 5x for Google Maps and tethering while abroad, and never use it while stateside. For ~$22 a month when I'm at home and not using data, it's a great deal for me.
This happens to me daily when I woke up after the MacBookAir has had it's sleep. I don’t really know why it does this. What’s going on here:
1. The Dell U2711 is attached to the 2012 MacBookAir via Apple’s HK$780 active miniDP to dual-link DVI cable. After MBA has had its sleep cycle, I will get these “snow” when powering on. Powering the monitor off and then on solved this issue. But it is annoying. Does this happen to anyone else?
2. Whenever the MBA goes to sleep, the LaCie 3TB USB 3.0 Porsche Design P’9233 Desktop Hard Drive will also go to sleep. But when the MBA wakes up, the LaCie hard drive would register later than most, and then the error message “the disk was not ejected properly”.
The trouble is that when that happens, the disk is also improperly de registered, and so all my bookmarks on the sidebar relating to this disk would also disappear, which is very annoying. Further, the drives will often come back on in a different name in the shell, and the only way to get them back into the same name is to restart the computer.
The SSD makes rebooting quick and painless, but this is still a clear user experience fail to me. Forcing me to do power cycles on the monitor daily when it should have worked perfectly without this glitch would seem to be the normal user flow to me.
Captured with iPad 3. Processed in Snapseed.
/ SML.20130128.IP3.SQ
/ #SMLOpinions #CCBY #SMLPhotography #SMLUniverse
/ #nerds #tools #computers #Apple #MacBookAir #AAPL #UX #UserExperience #FAIL #WTF #opinions annoyance Mac #Dell #U2711 #monitors #LaCie #P9233 #harddrives #OSX
/ #HongKong #香港 #China #中國 #中国 IP3 SQ sleep
Apple iPhone 12 Pro Max smartphone
Fourteenth generation of the iPhone
Released November 13, 2020
Sample video test
Sample photo test
Central Park NYC
Bethesda Terrace and Fountain
Testing all 14 video settings
4K at 60 fps
4K at 60 fps HDR Video High-dynamic-range Dolby Vision
4K at 30 fps
4K at 30 fps HDR Video High-dynamic-range Dolby Vision
4K at 24 fps
4K at 24 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 60 fps
1080p HD at 60fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 30 fps
1080p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
720p HD at 30 fps
720p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 120 fps Slo-mo
1080p HD at 240 fps Slo-mo
Testing 6 camera settings
Square with phone held vertical
4:3 with phone held vertical
16:9 with phone held vertical
Square with phone held horizontal
4:3 with phone held horizontal
16:9 with phone held horizontal
November 28th 2020
Autumn season
Sunset 4:30pm
Phone sells for $1,099.00
Demo video recorded in New York City USA
#Apple #iPhone #iPhone12ProMax #iPhone12 #iPhone12Pro #12ProMax #PhoneTest #VideoTest #CameraTest #Demo #AppleVideo #Video #SamplePhoto #SampleVideo
Apple iPhone 12 Pro Max smartphone
Fourteenth generation of the iPhone
Released November 13, 2020
Sample video test
Sample photo test
Central Park NYC
Bethesda Terrace and Fountain
Testing all 14 video settings
4K at 60 fps
4K at 60 fps HDR Video High-dynamic-range Dolby Vision
4K at 30 fps
4K at 30 fps HDR Video High-dynamic-range Dolby Vision
4K at 24 fps
4K at 24 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 60 fps
1080p HD at 60fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 30 fps
1080p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
720p HD at 30 fps
720p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 120 fps Slo-mo
1080p HD at 240 fps Slo-mo
Testing 6 camera settings
Square with phone held vertical
4:3 with phone held vertical
16:9 with phone held vertical
Square with phone held horizontal
4:3 with phone held horizontal
16:9 with phone held horizontal
November 28th 2020
Autumn season
Sunset 4:30pm
Phone sells for $1,099.00
Demo video recorded in New York City USA
#Apple #iPhone #iPhone12ProMax #iPhone12 #iPhone12Pro #12ProMax #PhoneTest #VideoTest #CameraTest #Demo #AppleVideo #Video #SamplePhoto #SampleVideo
“Mac App Store: Change country, lose all purchases” $AAPL #UX #FAIL #WTF #NotAllCrazyisgood
I was pretty sure that the address field for the iTunes UX FAIL could be a minor hiccup. Seems I am tied to the US permanently. After changing country from US to Hong Kong, all my apps for the Mac disappears.
“You have not yet purchased any apps.” Are you kidding me?! Since when do people need to repurchase all apps because they have moved?
SML2AAPL: NOT ALL CRAZY IS GOOD. Please fix this immediately!
/ SML.20130121.SC.AAPL.Mac.AppStore.UX.FAIL.Opinions
/ #SMLScreenshots #CCBY #SMLUniverse #SMLOpinions #Crazyisgood NotAllCrazyisgood
/ #Apple #Mac #AppStore #US #Technology #business #screenshots UX #UserExperience #FAIL WTF #AAPL #Apps #Hongkong #China #accounts #country #change #opinions #criticism #software
Apple iPhone 12 Pro Max smartphone
Fourteenth generation of the iPhone
Released November 13, 2020
Sample video test
Sample photo test
Central Park NYC
Bethesda Terrace and Fountain
Testing all 14 video settings
4K at 60 fps
4K at 60 fps HDR Video High-dynamic-range Dolby Vision
4K at 30 fps
4K at 30 fps HDR Video High-dynamic-range Dolby Vision
4K at 24 fps
4K at 24 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 60 fps
1080p HD at 60fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 30 fps
1080p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
720p HD at 30 fps
720p HD at 30 fps HDR Video High-dynamic-range Dolby Vision
1080p HD at 120 fps Slo-mo
1080p HD at 240 fps Slo-mo
Testing 6 camera settings
Square with phone held vertical
4:3 with phone held vertical
16:9 with phone held vertical
Square with phone held horizontal
4:3 with phone held horizontal
16:9 with phone held horizontal
November 28th 2020
Autumn season
Sunset 4:30pm
Phone sells for $1,099.00
Demo video recorded in New York City USA
#Apple #iPhone #iPhone12ProMax #iPhone12 #iPhone12Pro #12ProMax #PhoneTest #VideoTest #CameraTest #Demo #AppleVideo #Video #SamplePhoto #SampleVideo
Apple overtakes Microsoft to return as world's most valuable company
Reuters 2024-06-12T09:48:00-04:00
(Reuters) -Apple (AAPL.NaE) once again became the world's most valuable company on Wednesday, dethroning Microsoft (MSFT.NaE) from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology.
Its shares rose more than 2% to $211.75, giving it a market valuation of $3.25 trillion. Microsoft's (MSFT.NaE) market capitalization stood at $3.24 trillion, falling behind Apple (AAPL.NaE) for the first time in five months.
Apple (AAPL.NaE) shares had surged to an all-time high in the previous session, a day after it unveiled a range of AI-enabled features and software enhancements for its devices, a move that several analysts said would power iPhone sales.
At Apple's (AAPL.NaE) annual developer conference on Monday, executives, including CEO Tim Cook, touted how voice assistant Siri would be able to interact with messages, emails, calendar as well as third-party apps.
The tech giant has trailed rivals such as Microsoft (MSFT.NaE) and Google-owner Alphabet in the red-hot field of AI, a reason why its shares underperformed this year compared to its peers.
Apple's (AAPL.NaE) shares are up about 10% so far in 2024, while Microsoft (MSFT.NaE) has added about 16% and Alphabet nearly 28%.
Some of the concerns over its weak share performance eased after Apple (AAPL.NaE) beat market expectations for quarterly results and forecast in May, and unveiled a record $110 billion buyback plan.
AI chip leader Nvidia (NVDA.NaE), which briefly overtook Apple's (AAPL.NaE) market value last week, is up a whopping 144% this year. Nvidia (NVDA.NaE) last had a market value of $3.06 trillion.
Tesla is the only other 'Magnificent Seven' stock that has fared worse than Apple (AAPL.NaE) this year, with a more than 30% slide.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)
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