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Apple 1Q 2008 Results: Record $1.58 Billion Profit

hulugu said:
I think Microsoft hasn't figured out that they're sailing the wrong damned direction, yet. So, this having all hands aboard set the main and load the guns won't make much difference.

I'd like to think that Microsoft has woken up and will be attempting a renaissance for Windows, but I think they're still sleepwalking based on Silverlight, the Zune 2, and IE 7. And, Vista...oh the tragedy is almost Olympian.
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Fair enough, and maybe I see MS as being in more dire straits than they do, but I think Microsoft is going to be in some VERY deep s*** if they do not release a winner of a OS this time around. If they pull another "Vista," you can say goodbye to the Windows division of MS. A failure to produce in this iteration is going to signal the beginning of the end of Windows.

-Clive
 
billystlyes said:
The stock in tanking in after hours. They sort of deserve it for not addressing some of the holes in their product line. Apple my friends has become a "niche" computer maker again. The MacBook Air is proof.
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I'm not even sure what is even meant by this comment. What holes are missing in Apple's line-up first of all? Every product Apple makes is a niche product. It's their diversified selection that allows them to cover all the niches and post record sales and growth.

Please at least answer this: How is the Macbook Air anymore a niche product than say a Mac Pro/iMac/Mac Mini/Macbook/Macbook Pro/iPod nano/iPod Classic/iPod Touch/iPod Shuffle/iPhone?

I chose an iMac 2 years ago over a notebook, mac mini, and mac pro because I wanted a large screen, large hard drive, a nice graphics card to at least play wow and a fast intel processor, with the simplicity of an all-in-one for less than $2,000. I appreciate Apple making the 20" iMac that met all my needs and it still does to this day.

The same thing is happening with the Macbook Air, it's meeting the needs of the customers that need a computer like that. And remember, there is a "coolness factor" that is a part of us humans that Apple taps in to. (i still admire my white imac for its design and coolness inasmuch as I do for its reliability and ease of use) If I were on the go a lot and needed to have a computer with me a lot, I'd sure buy a MBA to supplement my iMac.

Anyway, I hope you at least see the MBA now as a product that is filling a niche market that Apple wasn't addressing. It is part of their total line-up now, not the only thing in their line-up. I hope you can also see that any product that Apple makes is a niche product targeted to a certain end consumer. Apple makes a whole slew of makes and models, all in different colors and sizes and features at different price points, and then are even customizable beyond that.
 
hulugu said:
According to AppleInsider, Gartner is reporting that Apple's share for the 3rd Quarter (2007) was 8.1.
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Also important to remember that this market share counts computers sold. A big pile of black plastic with a Dell sticker on it for $299 is one computer sold, same as an eight core Mac Pro with 16GB of RAM. If you count revenues, Apple looks a lot better.
 
So Q1 2008 ended in 2007?

Apple posted revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share during the 1Q 2008 (ending December 29th).
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So the 1Q 2008 ended in 2007? How does that one work then? We're in the second quarter now, in January?
 
wildmannz said:
The market already HAS dropped.
And so has Apple.
The market will show proof on Weds - either way.
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And the market will continue to drop. Have you not watched any news. We are on the verge or a recession or possibly in one now. The market will probably drop even more and fluctuate for a while.

I'm not talking about bad about Apple.. It's a good stock to own but at the moment all stocks are going to fall. You don't buy at a high, you buy at lows and with the economic climate at the moment, it would be foolish to buy any stocks... unless you are selling stock to move it into a more safer stock.

CNNmoney.com

Wall Street: Still seeing red

Futures point to losses at the open after Apple outlook disappoints; investors can't shake recession fears.
January 23 2008: 5:52 AM EST

LONDON (CNNMoney.com) -- Wall Street looked set to take another beating Wednesday, as investors reacted to a disappointing outlook from Apple and remained haunted by recession fears.

At 5:32 a.m. ET, Nasdaq and S&P futures were lower, suggesting losses at the start of trading.

Apple (APPL) posted record quarterly earnings late Tuesday but issued an outlook that rattled investors. The stock sank more than 12 percent in after-hours trading.

Global stocks have been on a crash course, plunging on worries about a U.S. slowdown. The market rout mostly ended Wednesday as Asian stocks rebounded, although European markets fell in morning trading.

An emergency rate cut the Fed made Tuesday has helped some of the worries hanging over investors worldwide, but there are still concerns that the Fed's dramatic move won't be enough to stave off an economic downturn in the world's largest economy.

U.S. markets finished Tuesday's session lower as the Fed's cut offered little support. With no major economic reports on tap Wednesday, they're likely to face another volatile session.
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Apples year.........

you know this is a thread about apples stocks and results and yet no one has looked at it logiclly.

if there predicting quiet numbers next QTR then doesn't that tell you that theres no new hard wear coming out ! no MBP etc.

apple qtr's go something like this.

qtr 1 oct - dec - new ipods for the holiday 's poss machine upgrade (imac last year pos this year)

Qtr 2 jan - Mar - macworld launch products normally a machine and somthing new (mac pro and MBA this year) plus a revenue helper like iLife/iWork etc (rentals this year)

Qtr 3 mar - june - wwdc product launch normally a upgrade machine. (MBP this year ?????)

Qtr 4 July- Sept - educ buying time so poss imac/mackbook/ibook/emac etc
(poss alumin/LED macbook this year)

they are a stock led company and thats why things are timed at the start of a Qtr or near the end for the next one.

so there ya go and let the MBP now not later moans/flaming begin.
 
JGowan said:
"The Company sold 22,121,000 iPods during the quarter, representing five percent unit growth and 17 percent revenue growth over the year-ago quarter. Quarterly iPhone™ sales were 2,315,000."

Maybe I'm just stupid, but 22.1M iPods sold in 3 months sounds like a ridiculous amount, YET people here act like the market's saturated. Why?
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Because sales are not increasing that much anymore. Everyone who wants an iPod already seems to have one. Now we have mostly replacement-sales left (that is, people replacing their old iPods with new model), but the market itself isn't really getting any bigger.
 
hagjohn said:
Yes and they expect less profits in the 2nd quarter, which is where the drop in price comes in.
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You can't compare sales/profit on one quarter to the one before it. You need to do it on the same quarter a year ago. that way you eliminate seasonal variables.
 
Clive At Five said:
Hahahahaha touche!!

Wii is teh best thing evar!

No, seriously, though, I love mine. For costing about the same as :apple:TV, the Wii is a MUCH better value, especially for families, and non-gamers.

-Clive
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Wii is cool, and make a great buddy for a real console, like xbox 360 or PS3... I have an xbox 360 and I'm planning on buying a Wii just to play Mario...
 
Interesting.......

Steve Jobs. Oct 2006 said:
“This strong quarter caps an extraordinary year for Apple. Selling more than 39 million iPods and 5.3 million Macs while performing an incredibly complex architecture transition is something we are all very proud of,” said Steve Jobs, Apple’s CEO. “Looking forward, 2007 is likely to be one of the most exciting new product years in Apple’s history.”

link
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And we got iPhone, iPod touch, Apple TV, Nano Fatty and Leopard in 2007.



Steve Jobs. Jan 2008 said:
"We're thrilled to report our best quarter ever, with the highest revenue and earnings in Apple's history," said Steve Jobs, Apple's CEO. "We have an incredibly strong new product pipeline for 2008, starting with MacBook Air, Mac Pro and iTunes Movie Rentals in the first two weeks."
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Hmmm. Incredibly strong new product pipeline for 2008.... Bring it on Apple.
 
Apple's fortune surely isn't helped when leading IT online newpapers make basic Arithmetical blunders like this one. Can anyone spot the bleeding obvious mistake? It's a shame the author or editor didn't...

I've sent in a comment telling the author to go to the back of the arithmetic class although I doubt it will be published. What's the bet the article will magically disappear...

Source Here

Quote from article:
Heading: "Iphone sales are at around a tenth of early estimates"
Subheading "Q4 figures hide bad news"
By Tony Dennis: Wednesday, 23 January 2008, 11:27 AM

"THE INQ has been playing with sales figures for the Iphone and it would appear that they're dropping off real fast. They seem to have fallen to a tenth of what pundits were quoting.
Observers took the total of 4 million units in 200 days quoted by St Jobs of Cupertino and came up with a figure of 200,000 units a day.
The company has just said it sold 2,315,000 units in Q4 2007. That looks good because it sold almost half that number in Q3 - 1,119,000. But if you think about it, Apple increased the number of its markets from one to four in Q4.
So in theory it should have sold 4 million in Q4 alone. Now we get to the interesting bit. The company gave a cumulative total of 1,389,000 to the end of Q3. If you add in Q4's figure, you get 3,704,000.
So we've got a missing 296,000. Let's say there's 14 days between 30th December 2007 and the 200th day.
That's a mere 21,142 units a day. Nothing near the 200,000 units figure which everybody was banding about.
And as the INQ has said before, Q4 is always a brilliant month for phone sales because of the Xmas period.
No wonder Apple's stock is being punished."
 
craig1410 said:
Apple's fortune surely isn't helped when leading IT online newpapers make basic Arithmetical blunders like this one. Can anyone spot the bleeding obvious mistake? It's a shame the author or editor didn't...

I've sent in a comment telling the author to go to the back of the arithmetic class although I doubt it will be published. What's the bet the article will magically disappear...

Source Here

Quote from article:
Heading: "Iphone sales are at around a tenth of early estimates"
Subheading "Q4 figures hide bad news"
By Tony Dennis: Wednesday, 23 January 2008, 11:27 AM

"THE INQ has been playing with sales figures for the Iphone and it would appear that they're dropping off real fast. They seem to have fallen to a tenth of what pundits were quoting.
Observers took the total of 4 million units in 200 days quoted by St Jobs of Cupertino and came up with a figure of 200,000 units a day.
The company has just said it sold 2,315,000 units in Q4 2007. That looks good because it sold almost half that number in Q3 - 1,119,000. But if you think about it, Apple increased the number of its markets from one to four in Q4.
So in theory it should have sold 4 million in Q4 alone. Now we get to the interesting bit. The company gave a cumulative total of 1,389,000 to the end of Q3. If you add in Q4's figure, you get 3,704,000.
So we've got a missing 296,000. Let's say there's 14 days between 30th December 2007 and the 200th day.
That's a mere 21,142 units a day. Nothing near the 200,000 units figure which everybody was banding about.
And as the INQ has said before, Q4 is always a brilliant month for phone sales because of the Xmas period.
No wonder Apple's stock is being punished."
Click to expand...

So they are expecting Apple to sell 73 million iPhones this year ;)
 
Evangelion said:
You can't compare sales/profit on one quarter to the one before it. You need to do it on the same quarter a year ago. that way you eliminate seasonal variables.
Click to expand...

That's can be true... Apple's own outlook for the next quarter is down and that's part of the reason the stock has gone down... plus we are entering into economic down turn, which would also indicate a lower sales/profit.
 
craig1410 said:
I've sent in a comment telling the author to go to the back of the arithmetic class although I doubt it will be published. What's the bet the article will magically disappear...
Click to expand...

FYI: Article and your comment are there :D

Does nobody check these articles?
 
Pandaboots said:
I'm not even sure what is even meant by this comment. What holes are missing in Apple's line-up first of all? Every product Apple makes is a niche product. It's their diversified selection that allows them to cover all the niches and post record sales and growth.

Please at least answer this: How is the Macbook Air anymore a niche product than say a Mac Pro/iMac/Mac Mini/Macbook/Macbook Pro/iPod nano/iPod Classic/iPod Touch/iPod Shuffle/iPhone?

I chose an iMac 2 years ago over a notebook, mac mini, and mac pro because I wanted a large screen, large hard drive, a nice graphics card to at least play wow and a fast intel processor, with the simplicity of an all-in-one for less than $2,000. I appreciate Apple making the 20" iMac that met all my needs and it still does to this day.

The same thing is happening with the Macbook Air, it's meeting the needs of the customers that need a computer like that. And remember, there is a "coolness factor" that is a part of us humans that Apple taps in to. (i still admire my white imac for its design and coolness inasmuch as I do for its reliability and ease of use) If I were on the go a lot and needed to have a computer with me a lot, I'd sure buy a MBA to supplement my iMac.

Anyway, I hope you at least see the MBA now as a product that is filling a niche market that Apple wasn't addressing. It is part of their total line-up now, not the only thing in their line-up. I hope you can also see that any product that Apple makes is a niche product targeted to a certain end consumer. Apple makes a whole slew of makes and models, all in different colors and sizes and features at different price points, and then are even customizable beyond that.
Click to expand...

Very true. One hole that may be missing is a headless Mac somewhere between the Mac Mini & Pro. Just a mini tower case, multiple graphics cards and a single quad core proc. Partially for gamers, partially for people who just prefer towers instead of all in ones like the iMac. Whatever.

Another hole that's absolutely gaping is the sub $1000 computer market. The only computer Apple sells that's under $1000 is the Mac Mini, which is basically the bastard child of Apple's computer lineup. I wouldn't be surprised if Steve Jobs is like "The Mac Mini? What's that? Oh, yeah, that stupid little thing." If Apple really wants to get a bigger piece of the market, they really have to lower prices so more people can actually afford it. I know, the glamor of Apple products costs a bit, but not necessarily as much as it does. Everyone knows Apple charges a large premium for memory. Why can't Apple design computers that look good, perform well and are inexpensive?
 
I havent put in a lot of time with the report yet because i do not trade apple; however, i'd be willing to say we get a decent pop back up if the market turns green. Apple wont turn green but it is oversold slightly. AAPL is victim to a decent report in a horrible market.
 
me_94501 said:
$9.6 billion in revenue?? Just to think only a few years ago Apple couldn't pull in that much in a year! :eek:
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I remember it wasn't too long ago when people were praising Steve Jobs for pulling out a profit of $140million for quarter, after he came back to Apple. This is great news for all; more money, better products, hopefully a bigger software component to Apples profit make up; an Adobe buy out would really hit the spot when it comes to filling a mdd8le waredemand.
 
hulugu said:
I'm sticking to my guns here. It's a time to buy a bunch of discounted Apple stock. I can't help but think this is an opportunity for someone to make a lot of money betting on a company weathered the last slow-down with aplomb by committing money to R&D rather than withdrawing into itself. Maybe it's the RDF, or maybe it's because I'm sitting in a coffee shop frequented by law students, professors, and other university types and half of the laptops are running OS X.
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If I wasn't already sitting on a bunch of AAPL I might consider it. Markets tend to overreact on both the up and downsides. Nothing which has happened to AAPL's fundamentals or even the economy justifies a 35% punishment. Even if Apple's guidance for the 2nd quarter was to come true, it still would not. As I mentioned earlier, the last time AAPL took a hit like this, they were in fundamentally far poorer condition.

I think Apple announcing a stock buy-back would be a great tonic for investors right now. They should be doing something to restore investor confidence or this thing is going to turn into a major donnybrook.
 
IJ Reilly said:
If I wasn't already sitting on a bunch of AAPL I might consider it. Markets tend to overreact on both the up and downsides. Nothing which has happened to AAPL's fundamentals or even the economy justifies a 35% punishment. Even if Apple's guidance for the 2nd quarter was to come true, it still would not. As I mentioned earlier, the last time AAPL took a hit like this, they were in fundamentally far poorer condition.

I think Apple announcing a stock buy-back would be a great tonic for investors right now. They should be doing something to restore investor confidence or this thing is going to turn into a major donnybrook.
Click to expand...

A stock buy-back does appear necessary, if only to coddle an emotional market.
 
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