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Apple 2Q 2008 Results, 3Q Preview

IJ Reilly said:
Enough for what, to satisfy the nay-sayers?
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To satisfy the investors, maintain market capitalisation and generally provide positive trends of future growth.

Most people with investments in Apple would consider that pretty important.

No, really. They would.
 
BongoBanger said:
To satisfy the investors, maintain market capitalisation and generally provide positive trends of future growth.

Most people with investments in Apple would consider that pretty important.

No, really. They would.
Click to expand...

This is a series of generalizations which I think aren't indicators of anything of much real use. Investor "satisfaction" is a moment by moment affair, and of course market capitalization is tied directly to investor's emotions at any given moment, so they are effectively one in the same. As for future growth trends, looking into any given quarter's numbers for evidence is about as useful as reading tea leaves, particularly in the current environment where generally poor economic conditions are having a substantial influence on short term results. So I would continue to say to investors (not traders) to look to the larger trends, to the health of the company in which you are investing, instead of quarterly results.
 
hi the call should be around 2200 London Time, so relax and get a drink and enjoy!!!... hopefully results will be interesting!!!
 
does anyone know any web page which is doing a live web cast/comments/blog on the results as they come out?
 
Prediction: Apple will meet/exceed their own guidance, but "The Street" expected more so Apple's stock will go down and there will be some whiny analysts claiming Apple "didn't meet expectations."

If I had Apple stock, I'd be selling short right now.
 
well i have some aapl, but am hoping for people to have learned their lessons last time results came out, and something more like what happened when google just released their results. so i didn't sell my stock, but if it goes down i'll just buy more :)
 
If you own stock you only really decide when to sell depending on the price you brought at and how much you need the cash.

Any ideas on a live blog anywhere during the results?
 
hayesk said:
Prediction: Apple will meet/exceed their own guidance, but "The Street" expected more so Apple's stock will go down and there will be some whiny analysts claiming Apple "didn't meet expectations."

If I had Apple stock, I'd be selling short right now.
Click to expand...

If you owned the stock, you would not need to sell short. Selling short means selling shares you don't already own.
 
AAPL:162.89, +2.69, +1.7%) on Wednesday reported a fiscal second-quarter profit of $1.05 billion, or $1.16 a share, on $7.51 billion in revenue. During the same period a year ago, Apple earned $770 million, or 87 cents a share, on sales of $5.26 billion. The results topped Apple's forecast of a profit of 94 cents a share and $6.8 billion in revenue. Analysts surveyed by FactSet Research had estimated Apple would earn $1.05 a share on sales of $7 billion. The company said that during the quarter ended March 31 it sold 2.29 million Macintosh computers, 1.7 million iPhones and 10.6 million iPods. For its third quarter, Apple estimates it will earn $1 a share on $7.2 billion in sales.
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http://www.marketwatch.com/news/sto...F4-49E8-AF8A-F1D6ADD9A5E2}&dist=TQP_Mod_mktwN
 
ClothheadHQ said:
That EPS is above what most "analysts" were thinking!! see here
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Yes, but it nearly always is. The rule of thumb I've been using for years is consensus earnings + at least 10%, or look out below. They beat consensus by "only" around 8%, which probably isn't enough for AAPL to open higher tomorrow. After-hours is trading mostly on the downside.
 
Great News for Apple!


Apple's profit climbed 36% to $1.05 billion as revenue jumped 43%, lifted by continued robust demand for Macintosh computers and iPhone smartphones. Shipments of Macintosh computers surged 51% from a year ago and iPod unit sales held steady at 10.6 million, allaying concerns the company would be hit by a consumer pullback. Quarterly iPhone sales reached 1.7 million.

"We have strong momentum to launch some terrific new products in the coming quarters," said CEO Steve Jobs.

For more information, see: http://online.wsj.com/page/technology.html?mod=1_0013?mod=djemalertTECH

:D
 
BongoBanger said:
My guess:

Mac sales up - probably about 2.1-2.3 million. Need to know how many of them were Airs though and if this impacted MB and MBP sales.

iPod sales down - at the moment it looks like market saturation may be setting in. In addition, the PMP is starting to die off a bit with the emergence of convergence devices.

iPhone sales in line with expectations - really difficult to call. AT&T's quarterly results showed an addition of 1.3 million new subscribers which was in line with or just below most analysts estimates. However, we know a considerable number of iPhones have been jailbroken so sales in the US (for domestic use on another carrier/plan or export) may be higher. However we also know that European sales appear to have been below expectations.

So, I expect Apple to beat estimates on the back of Mac sales but the question is "will it be enough"?
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;)
 
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