Apple Reports Best Quarterly Results Ever in Q1 2013: $13.1 Billion Profit on $54.5 Billion in Revenue [Call Ended]

[camnchar]

75 million iOS devices in one quarter. Dayum.

Gross margins taking a hit -- is that due primarily to the Mini? If so, Cook was right to price it where he did.

[mflender]

Originally Posted by HishamAkhtar

Wow I'm surprised how Mac sales dropped considering the introduction of the retina Macbooks and new iMacs.

Imac was unavailable for most of the quarter.

[ethana]

Stock is down because of this age old saying people:

Buy on the rumor, sell on the news.

Ethan

[AnorexicPig]

Originally Posted by lilo777

You need to learn to read the news. Nobody expected a loss for Apple in Q4. Most expected poor quarter and this is exactly what happened. AAPL is $490 (-$24) right now in after hours. The profits were essentially flat compared to year ago reflecting shrinking profit margins. Expect APPL to continue going down from here.

It's just that people have absurd expectations from AAPL,look at GOOG results from yesterday,even they had negligible increase in profits,yet the stock is up-people saying YAY revenue is up,in case of AAPL it's DOOM.

[8281]

Originally Posted by FoxyKaye

Death Knell for Apple CPU products, or business as usual nowadays in a highly diversified company with significant lock-in on several market verticals?

You just gave all the MBAs hardons with this sentence.

[rdowns]

Originally Posted by alent1234

compared to 13.06 billion profit last year same time

if you really think best buy and other retailers are taking a hit on the iphone discounts you are naive

Last year's quarter had 14 weeks, this years, only 13.

[lilo777]

Originally Posted by Icaras

Anyone more knowledgeable in the stock market have a reasonable explanation as to why APPL is down 5% after the news?

It's easy. It's because they missed analysts expectations. Despite of what many Apple fans say here about market analysts, market analysts expectations is what setting share prices. You miss them, it means you miss the target set by stock market. This leads to stock price adjustments.

[Sardukar]

-5.10% and counting...

[damir00]

Originally Posted by patsfan83

And AAPL is down 4.5% after hours. I really just don't get it. Is guidance low for Q2?

Year over year decline in earnings.

Apple is in no danger of going bankrupt, but the bloom is clearly off the rose.

[driceman]

Great news for Apple.

But the poor Mac... I know computer sales are plummeting everywhere, but of my Apple products (MacBook Pro, iPad, iPhone, and Apple TV), the Mac is the one I consider the most polished, the most impressive, and far and away the most powerful, of course. I like iOS for being simple and straightforward and iOS devices for outperforming their competitors in just about every way, but OS X is where it's at.

[Ryth]

SAN FRANCISCO (Reuters) - Apple Inc reported quarterly revenue that slightly missed Wall Street expectations as sales of its flagship iPhone came in below analyst targets, sending its shares down more than 4 percent.

This is the basic issue.

Apple didn't miss anything..in fact they beat their guidance which should be what matters along with increased profits and revenues..which were both up.

Meanwhile Google missed on their guidance and the stock went up. Meanwhile Apple makes theirs and it's down...

Just proves the market is manipulated.

[Santabean2000]

Originally Posted by HishamAkhtar

Wow I'm surprised how Mac sales dropped considering the introduction of the retina Macbooks and new iMacs.

Check the price of retina and availability of new iMacs...

Originally Posted by ethana

PC sales are dropping across the board. Apple is prepared with the iOS products, Microsoft on the other hand is playing catch-up.

PCs are being eaten by Mobile, like you say, Apple not immune either.

Originally Posted by lilo777

You need to learn to read the news. Nobody expected a loss for Apple in Q4. Most expected poor quarter and this is exactly what happened. AAPL is $490 (-$24) right now in after hours. The profits were essentially flat compared to year ago reflecting shrinking profit margins. Expect APPL to continue going down from here.

You need to learn sarcasm when you read it...

[MyMacintosh]

Originally Posted by Icaras

Anyone more knowledgeable in the stock market have a reasonable explanation as to why APPL is down 5% after the news?

Expectations. Also something alot of people on here wont understand (but us traders will) is that you cant put your bias into the market. "The markets can remain irrational longer than you can remain solvent." Investors are probably pissed right now but us Traders profit from every direction in the market

[BornAgainMac]

Apple executives always say "Thrilled". It is like Microsoft and their "Innovation" word.

[Ryth]

Originally Posted by lilo777

It's easy. It's because they missed analysts expectations. Despite of what many Apple fans say here about market analysts, market analysts expectations is what setting share prices. You miss them, it means you miss the target set by stock market. This leads to stock price adjustments.

The issue is that most of these analysts aren't qualified to be setting these #s or projections...in fact the only one setting guidance should be Apple.

[ethana]

People buy and sell on what's hot, and frankly, Apple is losing its luster in the main stream media right now.

[ghost187]

What tha heck do you people even expect? A 100million iPhones every quarter? 47 Million is awesome.

[sazivad]

"Best quarterly results ever"… and yet there's this.

[lazard]

Originally Posted by Icaras

Anyone more knowledgeable in the stock market have a reasonable explanation as to why APPL is down 5% after the news?

Oppenheimer forecast revenue of $41-43B vs $45.63B consensus estimates.

[NOV]

Originally Posted by Icaras

Anyone more knowledgeable in the stock market have a reasonable explanation as to why APPL is down 5% after the news?

They become increasingly depending on iPhone and iPad sales. A market segment where you may expect gross margins to become thinner as the competition is catching up. And there is no sign of Apple releasing its next big margin product.

[iMikeT]

Originally Posted by Icaras

Anyone more knowledgeable in the stock market have a reasonable explanation as to why APPL is down 5% after the news?

Because AAPL "missed" analyst expectations.

Tell me this, AMD closed +11% after reporting deep loses yesterday, go figure...

[ChrisTX]

AAPL is a money making machine!!!

[thelink]

I cannot believe that after buying my stock at $100 its now worth over $15,000 and will soon be over $65,000! I hope these guys are right. This has got to be one of the best days ever!

[Mike Valmike]

Originally Posted by HishamAkhtar

Wow I'm surprised how Mac sales dropped considering the introduction of the retina Macbooks and new iMacs.

It's because the Mac refreshes for the fall were half a year late, and much pent-up demand had time to deflate and/or seek out other options.

[Macs In LA]

The "miss" came from the inability of Apple to ship the newest iMacs. The CPU sales of taking orders

It is really, really stupid for them to launch products in December, especially when they cannot crank out 1 million units. Mid-October should be the latest they have new products, and they should not take orders until they can ship the first 500,000 units of anything in 24 hours. It is a logistical failing, not a technological one.

The silver lining is that if you decide to buy a Mac and they are not available... you wait. In the PC world if you want to buy one and it is not available, you just go buy another brand with no love loss. So sales were delayed, they were not lost.

I ordered a 27" Fusion iMac on December 4th. I just had it delivered today. That sort of delay is inexcusable.

As for the valuations, I am stumped. A P/E of sub-11 makes no sense at all, and $130+ billion in the bank means the cash value of a share is about $128, or about 26% of the stock price. A solid dividend and record sales and ALL the negative iPhone and iPad predictions of the last month were disproved with this report.

I think there needs to be more personality presented by Apple, but only after they can give the logistical fulfillment of their newest products. That was the most disappointing thing.

The valuation plummet actually doesn't make any fiscal or analytical sense.