Apple Records Q4 2012 Earnings of $8.2B on $36B in Revenue, Tops $150B in Sales for Fiscal 2012 [Call Ended]

[Rogifan]

Why do people keep asking about the ATV when all Cook ever says is "we're pulling the string to see where it takes us".

[lilo777]

On earnings call, Tim Cook:

"We're dedicated to making the very best products in the world. We're unwilling to cut corners in delivering the best customer experience in the world. This will always be the driving force behind Apple. We remain very, very confident in our strategy."

Is he talking about iPad Mini?

[voidptr]

Originally Posted by Eduardo1971

Dear Tim Cook:

May I kindly request 1 million dollars out of the 124 billion dollars cash reserve that Apple has?

Pretty please!

Dear Eduardo1971:

Own 377,359 thousand shares of AAPL on November 12, and I'll have my people cut you a check.

Sincerely,
Tim Cook

[Rogifan]

Gene Munster asks a question about products being more expensive to build and wondering if Apple would be willing to pass on more of the costs to customers. Douchbag.

[Taz Mangus]

Originally Posted by the8thark

121.3 billion in cash/liquid assets.
That just boggles the mind. Totally insane.
Yes another good quarter for Apple. The big question is what will Applw do with all it's cash?

Whatever the hell they want. Seriously, Apple has the cash to do smart purchases like they did when they purchased the Israeli flash storage maker Anobit for $500M. The new Fusion drive uses Anobit technology.

[Demonofelru]

Originally Posted by the8thark

121.3 billion in cash/liquid assets.
That just boggles the mind. Totally insane.
Yes another good quarter for Apple. The big question is what will Applw do with all it's cash?

It is pretty crazy I heard some statistic a while ago that they could continues operations for like 10 years with current OPEX and make no revenue before they run out of cash.

I really wish they would be more shareholder friendly with their cash buy back stock or higher dividend, having that much money while of course great I believe it could be put to better use, hopefully the big corporations will finally get a tax amnesty to bring back their boatloads of cash from over seas maybe make a deal that they will give x amount of americans jobs in return.

[pedromartins]

Originally Posted by IJ Reilly

Which if it happens would be a disaster, since it would represent a drop from the same quarter this year. Yeah, so, wow.

lol.. what a stupidity. a drop in %, but huge growth in overall revenue.

[IJ Reilly]

Originally Posted by Demonofelru

Analyst EPS estimate 8.75 actual 8.67 difference around 1%.
AAPL EPS guidance 7.65 actual 8.67 difference around 13%

Getting within 1% is not easy they were remarkably accurate this quarter, it bugs me that people say analysts are unreasonable when they were, have been and will probably continue to be a lot more accurate then AAPL. It also doesn't matter whether you listen to the analysts or not the market does.

I think it will slowly grind higher short term since it had quite a big correction, and it is far from expensive right now.

After a fashion. The markets are used to the Street being pretty conservative too. Anything less than the Street + 10% is generally seen as a disappointment. The big change I've seen over the last year or so is how far off the unaffiliated analysts have become. For quite awhile, they were the ones getting much closer to the real number, but that was when Apple was routinely beating the Street by 15% or more.

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Originally Posted by pedromartins

lol.. what a stupidity. a drop in %, but huge growth in overall revenue.

Excuse me? I don't know what you are talking about. Perhaps you don't either.

[iMikeT]

In addition, customers delay purchases of tablets due to new product rumors. These intensified in August and September. Some was anticipated but some we wished wouldn't occur but it did.

Apple themselves said it. They should also add third-party leaks.

[lilo777]

Originally Posted by Rogifan

Gene Munster asks a question about products being more expensive to build and wondering if Apple would be willing to pass on more of the costs to customers. Douchbag.

He has to justify his $2000 (or whatever it is today) price target for APPL.

[fruitpunch.ben]

Apple's iPad revenue is fast approaching the revenue from HP's PC group!
http://www.businessweek.com/news/201...-revenue-stall

[extradryny]

This whole "best iPhone, iPad, Mac and iPod products ever" thing is kind of irritating, even while true.

Was there some confusion that Apple (or any other consumer electronics company) may have intended to release a line of products that is worse than last year's?

[lilo777]

Originally Posted by the8thark

121.3 billion in cash/liquid assets.
That just boggles the mind. Totally insane.
Yes another good quarter for Apple. The big question is what will Applw do with all it's cash?

It's not that much. Firstly, most of it is abroad. When they start paying real dividends (and they will have to) they will have to bring money to USA and finally pay the taxes. Secondly, even discounting the taxes, it's just about $129 per share.

[paradox00]

Originally Posted by nippyjun

earnings missed expectations as did iphone sales.

Doesn't that mean the expectations were wrong? They exceeded their guidance as usual. I find it hilarious that a company can miss a target they never set for themselves.

[johndoejohndoes]

I got out...Got in at $590 in May. Should've exited at $700, but left at $611.

Sure, Apple makes money, but for an investor Q1 2013 estimates are at a lower % than Q1 2012 estimates.

I'm not saying Apple the company is doomed but I'm saying AAPL (as in the stock) is.

[ThisIsNotMe]

People who look at Apples cash hoard and think it is getting unreasonable need to understand that a lot of it is overseas.

Money made on products that have no impact of the United States yet the United States government somehow feels entitled to tax it. This is money which has already been taxed.

So no, Apple cannot use that money for *anything* until the United States government gets it head out of its ass.

[Rogifan]

Peter Oppenheimer says the mini margins are significantly lower than the rest of their product line. Why is that? Wasn't the thought that they priced it at $329 to keep their higher margins? What is driving the lower margins at that price point?

[iMikeT]

We're extremely bullish on demand with the revenue guidance.

Wow, something I never thought I'd hear from anyone at Apple.

[AZREOSpecialist]

I love how analysts are upset that Apple missed the analysts' expectations, yet profits and sales are at record levels. Perhaps the speculators, er, "analysts" should change their expectations?

[KnightWRX]

Originally Posted by quickmac

Plus it's kind of depressing to see that a computer company barely sells any computers anymore looking at that chart.

91% of that chart is computers.

[Demonofelru]

Originally Posted by IJ Reilly

After a fashion. The markets are used to the Street being pretty conservative too. Anything less than the Street + 10% is generally seen as a disappointment. The big change I've seen over the last year or so is how far off the unaffiliated analysts have become. For quite awhile, they were the ones getting much closer to the real number, but that was when Apple was routinely beating the Street by 15% or more.

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Excuse me? I don't know what you are talking about. Perhaps you don't either.

I honestly believe they (analysts) weren't trying to be conservative they just underestimated demand. But yes it does get some people spooked when they historically beat by so much and last few quarters they have been missing about half their quarters.

Either way I am very bullish still even though the growth seems to have peeked, to me it doesn't matter this isn't MSFT ~2000 with a PE of ~60 when growth slows they probably won't drop to a 5 PE.

In my opinion their biggest challenges are with the market cap so high their is only so much money to invest while many funds have mandatory limits on how much of their portfolio can be be in a single stock. Also I don't know why it bothers me so much but they REALLY should do something better with their cash hoard, I know having so much money you can't think of a good way to spend it all is a good situation but I think their share price would be higher with a better capital allocation strategy.

[Rogifan]

Originally Posted by johndoejohndoes

I got out...Got in at $590 in May. Should've exited at $700, but left at $611.

Sure, Apple makes money, but for an investor Q1 2013 estimates are at a lower % than Q1 2012 estimates.

I'm not saying Apple the company is doomed but I'm saying AAPL (as in the stock) is.

The stock is down $2 after hours. AAPL is doomed for sure!

[AZREOSpecialist]

Originally Posted by ThisIsNotMe

People who look at Apples cash hoard and think it is getting unreasonable need to understand that a lot of it is overseas.

Money made on products that have no impact of the United States yet the United States government somehow feels entitled to tax it. This is money which has already been taxed.

So no, Apple cannot use that money for *anything* until the United States government gets it head out of its ass.

I don't think you understand how this works. Money that is made overseas and that is taxed overseas is not taxed when you bring it here to the US. It is money that is NOT taxed, i.e., money in the Cayman Islands, that is subject to tax when entering the US. Please get YOUR facts straight before lecturing the rest of us.

If your misunderstanding of how this works has affected your vote for this election, you may want to change it.

[the8thark]

Originally Posted by lilo777

It's not that much. Firstly, most of it is abroad. When they start paying real dividends (and they will have to) they will have to bring money to USA and finally pay the taxes. Secondly, even discounting the taxes, it's just about $129 per share.

I get your point and this is true. But anyone would be silly to call $120+ billions in liquid assets "not that much". Even if you factor in taxes and overseas issues.

[TMay]

Originally Posted by quickmac

Then when the iPhone is no longer popular, what will happen to Apple then?


Plus it's kind of depressing to see that a computer company barely sells any computers anymore looking at that chart.

Now imagine a company whose product line of computers makes 1/7 the margins of Apple's computers, whose line of printers is becoming less relevant as people and companies print less, yet has no phone, and competes with IBM for services.

Whatever future awaits Apple post iPhone, it will be better with tangible assets today than the vague promises of tomorrow that some companies provide.

Oh, and Apple sells more computers today than it ever has in its history, and has better growth than the PC market as a whole.