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Apple Reports Best Quarterly Results Ever in Q1 2013: $13.1 Billion Profit on $54.5 Billion in Revenue [Call Ended]
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Did you catch the fact that they had 14 weeks in fiscal Q1 last year and 13 weeks in fiscal Q1 this year? If you break it down by week they saw a 14% increase in profit year-over-year.
It's not us that expect 100 million iPhone sales but these idiot analysts with their bloated expectations.
I'm one who realizes that Apple is still profitable whether they sell 47 or 45 or 60 million iPhones.
It's not as bad as you think.
All it's saying is that 10% of their revenue comes from Macs. It's just one product division. And it's still profitable.
Plus... people really like Macs. And it's the most profitable computer on the planet. You also need a Mac to code iOS apps.
That last reason alone is the reason they can't cancel the Mac.
Right. Then please explain why Apple's actual results quarter after quarter are much closer to analysts projections than their own? Nobody cares about Apple's own projections (well, obviously analysts take a look at them). This is true for all companies but especially for Apple which is known for low balling their projections (to make an impression with actual results). Nobody gets fooled by this game anymore.
I own Apple stock so I feel your pain.
The thing is, the closing price of $515 earlier today was a gain in anticipation of beating expectations. After Verizon gave their numbers, it gave AAPL hope. So it was priced higher to anticipate a beat, and would have gone even higher had it exceeded analyst expectations.
It missed, so it lost what was gained in anticipation, and then some.
Bottom line is, the stock price is priced for analyst expectations and rumor, not Apple's expectation and guidance. It's just the game and I suck at it for not selling at $700
It is too bad that expectations are so high, but it is understandable if they are (were?) the most valuable company in the world based on market cap. It is hard to keep momentum going.
There's no exciting product pipeline for 2013. Expect the stock to go down from here. It's the same old thing.
Analysts obviously knew the 14/13 discrepancy and planned accordingly. So the fact remains: AAPL missed expectations and is going down.
Eh yes they were, larger revenue this year, yet almost the same profit. Wall street wants to see growth year on year not stagnation.
iPod sales being down YoY, isn't that much of a surprise, but the lower iMac sales was perhaps unexpected. I wonder if supply constraints of the new iMacs hadn't been an issue, if that could have resulted in YoY growth?
Even though we're used to/numbed by, and even expecting, these kinds of overall growth figures, they are very respectable nevertheless.
Even though we're used to/numbed by, and even expecting, these kinds of overall growth figures, they are very respectable nevertheless.
Right. People need to come to terms with the fact that Apple has shifted from a growth company to a mature company.
Stagnation is OK if the company pays meaningful dividend (which APPL does not). Expect them to announce dividend increases during the conference call.
Exactly.
Apple is profitable... and that's what keeps a company in business.
It's not what spot they occupy on a market share chart of ALL companies or platforms...
It's how they handle their OWN day to day operations.
Apple is only doomed the day they cannot pay their rent. Fortunately... I'll never see that day in my lifetime.
As usual, record earnings for AAPL = stock gets hammered. Meanwhile, companies on life support with mounting quarterly losses get pumped up. The stock market makes no sense at all anymore, I'm getting out first opportunity I get.
Already done.
Apples Board of Directors has declared a cash dividend of $2.65 per share of the Companys common stock. The dividend is payable on February 14, 2013, to shareholders of record as of the close of business on February 11, 2013.