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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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I'm with you there. My girlfriend urged me to sell at $700 and, well, here we are.
Wait for it to bottom and buy some more so you'll average down. It's absolutely ridiculous that the stock is getting hit the way it is when Apple reports a record quarter even if margins are a bit down because Apple's margins are still so large, it's almost absurd.
And even though Mac sales were down, they were more than made up for by iPad sales. The market should be rewarding Apple for developing the iPad so they cannibalize themselves instead of someone else cannibalizing them. It makes perfect sense for many people to use a Pad instead of a computer if they don't do intensive work on it.
$54.5 billion in revenue, $13.1 billion in profit, no debt, supposedly around $160 billion in cash by mid-year and now paying a dividend and the stock goes down 6% (so far)? Unbelievable.
Ah... I see.
Well if the iMac sales actully did look bad on paper... then I can see why they'd omit them.
I'm sure iMac sales will pick up when people can actually buy them then
There's no way Apple would have had a loss. Wall Street expects growth. If they made less profit this quarter than last it would be a huge upset. If they took a loss, Wall Street would flip.
I'd have been shocked if this was anything but their best ever. Every quarter is always bigger than the last.
Bad comparison. Poker is a game that demands risk management strategies and actually tests skill rather well, with top players winning consistently.
Should've said Black Jack.
Do you realise it is the same "idiot analysts" and their commentary that drove the stock to $700+? The price of any stock is driven by future expectations, bloated or otherwisei I suspect the main reason for the drop is the significant fall in gross margins. If the guidance from Apple for a 20% drop in Q2 revenues with lower GM, then earnings are forecast to drop quite significantly (still Stella by any other measure, but low by "Apple" standards)
Welcome to AAPL. Those of us who are in long have seen this again and again. And again.
The wise move is to remain calm and hold (or buy on the dip). The stock always rebounds. The P/E is absurd (look at AMZN - yikes!) and Apple is still printing money. I fully expect to see $700 again, and beyond. Apple is no Microsoft. There is still plenty of market left to conquer and massive opportunity. Apple is still a minority player.
Guys stop with this nonsense.
Apple's own guidance for Q4 (their fiscal Q1) quarter was $52 billion.
Market estimates were $54.73 billion.
Actual sales - $54.5 billion.
So, Apple guidance was way off. One might say that Apple's management are simply idiots.
I have three iphones, two ipads, and a Mac Mini in my household all syncing through icloud....perfectly. In fact, icloud was the main reason I bought the mac (ditching a servicable W7 PC) and I couldn't be happier.
What issues are you having?
Looks like Apple made $10 billion with their investments, adding $23 billion to their cash and marketable securities.
...
When I see that pie chart I am very concerned, 56% of revenue is iphone (and probobly greater share of profits) and that is arguably their most vulnerable product at this point. ipads, ipods don't really have any great competitors imo, macs have their own following and aren't a huge share of revenue, but iphone is in a super competitive marketplace which is getting more and more brutal by the day, iphone 5 isn't really as inspired as I think it should have been and despite good sales I am concerned that this portion of their business is highly vulnerable in the near future. Guess we will see how it goes, sold my stock the other and and bought RIMM lol (hoping I can ride a little wave and then dump it)
When I see that pie chart I am very concerned, 56% of revenue is iphone (and probobly greater share of profits) and that is arguably their most vulnerable product at this point. ipads, ipods don't really have any great competitors imo, macs have their own following and aren't a huge share of revenue, but iphone is in a super competitive marketplace which is getting more and more brutal by the day, iphone 5 isn't really as inspired as I think it should have been and despite good sales I am concerned that this portion of their business is highly vulnerable in the near future. Guess we will see how it goes, sold my stock the other and and bought RIMM lol (hoping I can ride a little wave and then dump it)
