CNBC All Morning Knocking AAPL / Apple -- August 8, 2025

Locator: 48810APPLE.

I think talking heads are focused on the wrong thing. I used to think the same way. Then I had an epiphany. And then things changed. 

Most say the stock is too expensive (P/E).  Apple's P/E has historically ranged between 27 and 34.

Today:

This past month:

From the April lows:

Services has nothing to do with sales of new iPhones or AI. Services has to do with 2.35 billion active Apple devices worldwide.

Okay. Maybe I should be investing in McDonald's. Or Macy's. Or Ralph Lauren.

CNBC Talking Head: Liquidity -- Side-Line Money Drying Up -- August 8, 2025

Locator: 48809INVESTING.

A talking head on CNBC this morning said that, with regard to the stock market, liquidity is drying up, suggesting less and less money available for investing.

Let's check.

Links:

• link here;
• link here.

New York Was In The News Today On CNBC -- August 8, 2025

Locator: 48808STATEBUDGETS.

These numbers need to be fact-checked. Rounded.

Three states, population:

• New York: 20 million
• Florida: 23 million
• Texas: 31 million

Annual state budget, three states:

• New York: $254 billion
• Florida: $117 billion
• Texas: $169 billion

Illinois

• population: 13 million
• annual budget: $55 billion

California:

• annual budget: $300 billion
• population: 40 million

Apple, Samsung, Texas -- Three-Layer Stacked Sensors -- August 8, 2025

Locator: 48804APPLE.

Link here.

From the linked article:

Apple is teaming up with Samsung to produce digital image sensors for future iPhone models.

This is tied to Apple’s Wednesday (Liberation Day, August 6, 2025) announcement that it is working with Samsung’s semiconductor facility in Austin, Texas, to launch “an innovative new technology for making chips, which has never been used before anywhere in the world.”

Samsung will use the advanced chip technology to produce three-layer stacked image sensors for next year’s iPhone 18 lineup, citing anonymous sources “familiar with the deal.” Sony is currently Apple’s sole supplier of image sensors, which are produced in Japan under contract with TSMC. Unlike Samsung, Sony doesn’t have a US-based chipmaking facility that would enable it to evade the incoming tariffs on chips produced outside of the US.

The Samsung partnership is connected to a $100 billion expansion to Apple’s American Manufacturing Program, which will now see the company invest $600 billion to bring more of its supply chain to the US. “By bringing this technology to the US first, this facility will supply chips that optimize power and performance of Apple products, including iPhone devices shipped all over the world,” Apple said in its press release.

More at the link. 

But holy mackerel! Three-stacked image sensors. Up until now, I was only aware of double-layer stacked technology first announced by Apple only a few months ago. Two- and three-layer stacked chips -- makes for faster processing speed. Also helps with size of footprint of mobile devices. Not sure if it helps with power consumption.

The Military Has Been Preparing For This For As Long As I Can Remember -- August 8, 2025

Locator: 48803WAR!

Back in 1994 - 1996, I was on a USAF trip to South America, part of which was specifically designed around drug interdiction. That was some thirty years ago. President Trump has been in office for about six months.

It's important that President Trump not declare "war on drugs." Only the US Congress can "declare war," -- Judge Boasberg.

The New York Times reports, note, "secretly," LOL:

Meanwhile, Israel has made a decision that perhaps should have been made a long time ago. If the UN was not going to take care of the situation, and no country n Europe wanted to do what was needed, then someone had to do some adulting.