Originally posted by macmax
if bush's administration don't start a f****** war , which i think will start by frebruary and one that might get out of our hands, let's pray not.
Amen
Originally posted by macmax
if bush's administration don't start a f****** war , which i think will start by frebruary and one that might get out of our hands, let's pray not.
Originally posted by macmax
The 2nd one is "compatibility" ; so Apple is responsible for not knowing how to educaqte people here, when i tell them that i do everything in my mac and that it is fully compatible they stare at me in ow.
Originally posted by snahabed
I'm confused.
Now I am a retard at all things finance, but it seems to me, that in the worst economy in almost two decades, and certainly in the worst economy since the 90s net/tech revolution, that pretty much breaking even while having 4.5 billion in the bank, all while pumping tons of money into R&D for long term growth, is actually very, very good.
What is the problem? Interest rates will go back up.
Originally posted by lmalave
No one's forced to buy it, but they can certainly be bamboozled. When I went to the Apple Store to check out the new iBooks first hand, there was a young woman next to me, clearly not computer-savvy, that had decided to buy the $999 iBook. That's when the Apple Store salesperson really kicked into high gear - trying to sell more memory. Then when she agreeed to more memory, out comes the "well, it's $40 to install, but if you get Applecare for $300 installation is free". The poor woman was like umm...errr....ok.
Originally posted by lmalave
That's when the Apple Store salesperson really kicked into high gear - trying to sell more memory. Then when she agreeed to more memory, out comes the "well, it's $40 to install, but if you get Applecare for $300 installation is free". The poor woman was like umm...errr....ok.
Originally posted by Telomar
They made ~14%p.a. on the investments they had. Equates to around $150 million of $1.47 billion in revenue. It's noteable.
Unfortunately they are a company that if they didn't have their investments would be posting some considerable losses. That's a problem.
Originally posted by railthinner
More store. More stores.
Originally posted by railthinner
Seems to me Apple should start opening stores at a faster pace. Unload some of that cash and dump it into real estate. It worked for McDonalds for a long time. I know they're hurting now. (McDonalds that is. gee the economy is bad.) Can't wait for the store to open on Michigan Ave in Chicago. Right now there's an empty lot with some scaffolding and a big Apple on it. For those who aren't familiar, this is one of the greatest retail strips in the country and this store is sure to be magnificent.
More store. More stores.
Originally posted by jettredmont
And, yeah, they're only losing a net $1million per store, per quarter, so why not build more? Eight fewer stores and Apple would not have shown a loss last quarter.
There is a down-side to putting Apple Stores in every high-rent mall in the US. I do believe their strategy of increasing brand awareness is smart and will pay off, but there is a point of diminishing returns where the next store costs more than it is worth in brand building.
IMHO, Apple's doing a good job of opening stores at a brisk but not breakneck speed.
Originally posted by Rocketman
Given Apple's strategy of stores within 15 minutes of 85% of the population they could accomplish this with standalone stores in low rent parts of town (and even add valet parking). It would probably STILL save 60-70% of the rental cost since many mall stores take rent + % of sales!.
Heck, just locate next to the top 40 Radio Shack outlets
Rocketman
linkAnalysis: Behind the Numbers - The Financials and Figures of Apple's Q1
by Remy Davison, Insanely Great Mac
January 16th 2003
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Apple CFO Fred Anderson provided a lot of interesting numbers in his conference call
detailing Apple's Q1
2003 results.
Apple in fact made a gross profit of $11 million or 3¢ per share, in line with market
guidance. The loss was attributable to non-recurring items, including a $17 million after-
tax restructure and $2 million in accounting transition adjustments.
Revenues were $1.47 billion for the quarter, a 7% increase on a year ago - an excellent
performance, according to Anderson, particularly given the softness of the PC market.
Macintosh shipments
Apple clearly place eMac, iMac and original CRT iMac into a single product category, somewhat confusingly known as 'iMac.' The breakdown of iMac sales was as follows:
- CRT: 58,000
- eMac: 106,000
- LCD: 134,000
The 17" LCD iMac was the most popular model, which indicates the rumor regarding EOL for the base CDRW iMac - and the 15-incher itself - may have some credence.
Strong demand for the iBook continued, although Anderson didn't mention a figure. A little math tells us that the figure is around 187,000, which represents a strong performance. The $999 price-leading iBook made a difference, the CFO said, while the 14.1" model was also successful.
The PowerBook G4 received a boost from the late-2002 revamp, and sales climbed once again to top the 100,000 mark. One analyst expressed his surprise at the strength of PowerBook sales; in reply, Anderson noted the 'value equation' of the revised PBs, particularly given their lower price points.
The Power Macintosh line continued to disappoint, with one major exception: XServe. Anderson thought the PM's sales performance "disappointing," with 158,000 units shipped, including XServe. Shipments for the Power Mac line as a whole were down 25% compared to the year-ago quarter.
The reason? Unlike Jobs' not-so-oblique remark at the commencement of his keynote, Anderson didn't keep his powder dry when accounting for flat Power Mac sales. Plain and simple, Pro customers are waiting for QuarkXPress 6.0 for OS X.
XServe is a shining beacon in the Pro sector, however, with sales up 350% and shipments at 6,000 for the quarter. Revealingly, Anderson did disclose a revised server product would ship this quarter, although he would not be drawn on details. Asked about Apple's R&D spending on XServe, the CFO replied that it was not a figure he would disclose.
Not a Mac, but the iPod is like a 'fifth Beatle' in the Apple family. 216,000 iPods shipped and now, Windows has finally beaten us. Yes, Windows iPod shipments now, for the first time, account for over 50% of all 'Pods. Best Buy was mentioned by Anderson as one of the key retail outlets responsible for getting iPods into Wintelians' hands.
Geographical revenue breakdowns
In the America's revenues were up 5% on the year-ago quarter, with Apple Asia-Pacific
sales also up a significant 27%. The US was up 16% including education and Apple
Retail. Excluding Education (the December quarter not being an Ed-purchasing season),
US sales were up 21%, including Apple Retail. Europe and Japan lagged, however;
European sales were down 3% and Japan a massive 24%. However, the latter figure is
more indicative of the Japanese market as a whole, as Apple CPUs continue to perform
strongly, relative to the rest of the PC market.
Unit sales, inventory, expenses and revenues
Apple shipped 743,000 CPU units for the quarter, almost in line with the year-ago
quarter. Sales were flat, but inventory declined 11% during this quarter, which was a
strong performance, in line with expectations. Only 4 weeks of inventory is in the
channel, with 4.5 weeks on a forward-looking basis. Apple's target is 4-5 weeks of
inventory.
The CFO noted Apple's strong revenue performance in a flat market, and attributed it to
four key factors:
- Strong 'beyond the box' revenues
- Higher average selling prices
- Greater range of products
- More direct sales
The LCD iMac also increased revenue margins; pre-MWSF 2002 CRT iMacs were selling wholesale for $876; LDC iMacs fetched $1,195 in Q1 2003.
26.3% of total revenues were 'beyond-the-box' sales. The strongest performers in the 'beyond-the-box' revenues were iPod and software, but Anderson also noted that CompUSA 'beyond-the-box' sales had improved considerably.
Gross margins were up to 27.6%, due to three main factors: lower component costs; increased PowerBook sales; and a higher proportion of direct sales.
Operating expenses were $443 million, in line with previous guidance, including $23 million in pre-tax restructuring. The restructuring including the closure of Apple's Singapore manufacturing operations; and $6 million associated with PowerSchool 'restructuring' [read: sackings - Ed.].
Lower interest rates were canvassed, particularly in light of Apple's enormous treasure chest, now at an impressive $4.62 billion in cash and short-term investments. Cash is up $125 million. Anderson said that declining markets had forced the company to realize some of its investments earlier than anticipated (i.e., as share prices and investment dividends fall). Questioned about the outlook for short-term investments and interest rates, Anderson said he thought interest rates would not fall further, but that the investment climate would remain flat throughout the year; however, he was clearly reluctant to speculate further on this point.
Education
Whereas in Q4 '02, Anderson was decidedly downbeat about Apple Ed sales, there was a more positive spin this time around. Portables account for over 33% of Macs sold in education, "much higher" than the PC education average. He also noted that the free OS X for teachers had been overwhelmingly successful, with over 300,000 copies shipped to educators.
Outlook
The CFO gave the usual cautious, if not pessimistic, guidance for the current quarter. He said revenues and gross margins are expected to be flat, despite anticipated strong sales of the new PowerBook, which Apple is counting on to contribute substantially to revenues.
Lower interest returns on cash investments are expected, with a slight profit projected for Q2 2003. The message Anderson pushed very strongly was that Apple would not sacrifice its long-term growth strategy for "quick profits." By this, the CFO meant Apple's investment in human capital and R&D, with the budget for the latter approaching $500 million per annum, a figure which approximates the expenditures of Apple's glory years.
As a footnote, Anderson added that not all the data was in yet, but that December wasn't a strong quarter for the PC industry as a whole.
Endgame
Now a $6 billion company, Anderson was asked what the end point of Apple's strategy was, particularly with regard to Apple's Retail Stores. Anderson regarded Apple's various initiatives as interrelated, complementary themes: Retail; "our own people" in 174 CompUSA stores selling "our differentiated product".
Apple is "gaining market share", said Anderson, with Retail "controlling more of point of sale." The Switch campaign, vistors/buyers at Apple Retail Stores - they're all closely tied in. And Anderson believes that Apple is gaining "real market share" out there.
The Bottom Line
Steady as she goes, is Anderson's mantra here. Invest in R&D. Ensure consistent profitability. Increase 'beyond-the-box' revenues. If the industry ever turns the corner, Apple should be in a good position to cash in on its investments and strategies.
In a nutshell, this means we'll continue to get spectacular products from Apple. But if you're in the stock market for some quick returns, you're better off somewhere else on the Nasdaq, buddy.
Originally posted by Rocketman
Given Apple's strategy of stores within 15 minutes of 85% of the population they could accomplish this with standalone stores in low rent parts of town (and even add valet parking). It would probably STILL save 60-70% of the rental cost since many mall stores take rent + % of sales!.
Originally posted by AmbitiousLemon
some of you seem to be confused about this report. this is positive not negative. apple did great. profit up. sales up. cash up.
try reading the report before assuming things are bad for apple. i found this summary good.
Originally posted by reedm007
Just a note on european pricing...
Not only does it include a higher tax than the US, it *includes* that tax in the price
So: iMac starts at 1 554 ? in France, which is 1 299 ? before tax. Using finance.yahoo.com, the current exchange rate shows:
1 299 ? = $1370
US pricing is: $1,199 + tax. US average sales tax is (again, according to finance.yahoo.com) 7.74%, which means US pricing comes out to:
$1,199 * 1.0774 = $1,294
AKA, european pricing is only $75 USD more expensive.. not a whole lot for a company that is located in the US?
Originally posted by Sonofhaig
"if bush's administration don't start a f****** war"
>>>>>>>>>>
Really.... Are Mac sales directly linked to Saddam?![]()