Apple Watch Sales Q2 2016: Only $878 Million!

Big drop off in Apple Watch Sales according to my estimates in Quarter 2, 2016


Using my formula, which has been mentioned in other posts., Apple watch Sales have declined dramatically to be worth only $878 Million in the Quarter


Not a great result in Quarter 2 and represents a 50% drop in Sales since Quarter 1.

Market Risk Premium of the ASX200 in March 2016: -0.57%!!!!

Wow...the Market Risk Premium has turned negative.


Used my usual methodology...last 2.5 years of daily returns of the ASX200...have a return of -1.7% (Pretty bad)


Dividend Return of the ASX200 over that period averaged 4.36%, leading to a total market return of the ASX200 of 2.65%. That is pretty low.


When the risk free rate is hanging at an average of 3.22% (the 10 year bond rate), means we have a market risk premium of -0.52%.


Not great...but I wonder if this means the market is oversold. Generally the long term average of the Market Risk Premium is 7.4% so if there is revision to the mean, you would expect it to increase back to that level. If that happens, the ASX200 should increase as well (or the bond rate should drop)

Sydney House Prices 23/04/2016: Average 3 bedroom house how sells for $1,254,893 (Up 0%)

Flat as a tack at the moment..two weeks in a row.

House	Type		Sample	Average	Min	Max	Change
Average	2brh		1052	1,151,040.44	1,125,330.93	1,176,749.95	0.15%
	3brh		3865	1,254,893.64	1,239,174.68	1,270,612.60	0.00%
	4brh		3062	1,493,537.56	1,468,782.74	1,518,292.38	0.05%
Unit	Type			Average	Min	Max
	2 Bedroom Unit		2606	847,396.48	835,610.68	859,182.28	0.16%
	3 Bedroom Unit		1086	1,177,994.44	1,143,080.65	1,212,908.23	-0.08%

Sydney House Prices 16/04/2016: Average 3 bedroom house now sells for $1,254,907 (up 0%)

Not much happening this week. Flat

House	Type		Sample	Average	Min	Max	Change
Average	2brh		1036	1,149,373.59	1,123,419.32	1,175,327.86	-0.26%
	3brh		3812	1,254,907.77	1,239,059.82	1,270,755.71	0.00%
	4brh		3019	1,492,758.20	1,467,884.40	1,517,632.00	-0.01%
Unit	Type			Average	Min	Max
	2 Bedroom Unit		2557	846,024.49	834,103.90	857,945.09	0.08%
	3 Bedroom Unit		1071	1,178,884.18	1,143,597.42	1,214,170.94	0.03%

Sydney House Prices 9/4/2016: Average 3 bedroom House now sells for $1,254,862 (up 0.08%)

Still a bit of life left in the Market

House	Type		Sample	Average	Min	Max	Change
Average	2brh		1020	1,152,426.82	1,126,258.03	1,178,595.61	0.14%
	3brh		3765	1,254,862.13	1,238,907.30	1,270,816.96	0.08%
	4brh		2984	1,492,904.36	1,471,493.94	1,514,314.77	0.40%
Unit	Type			Average	Min	Max
	2 Bedroom Unit		2523	845,335.37	833,374.81	857,295.93	0.24%
	3 Bedroom Unit		1065	1,178,539.87	1,143,182.23	1,213,897.50	0.01%

Sydney House Prices 2/04/2016: Average 3 bedroom House now sells for $1,253,909 (down 0.04%)

Stats for this week

House	Type		Sample	Average	Min	Max	Change
Average	2brh		994	1,150,799.39	1,124,297.12	1,177,301.66	0.05%
	3brh		3706	1,253,909.18	1,237,810.26	1,270,008.09	-0.04%
	4brh		2933	1,486,924.86	1,465,793.46	1,508,056.26	0.14%
Unit	Type			Average	Min	Max
	2 Bedroom Unit		2480	843,317.47	831,259.08	855,375.86	0.16%
	3 Bedroom Unit		1048	1,178,373.53	1,142,533.62	1,214,213.44	0.02%