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Apple Announces $1.07 Billion in Profit for Q3 2008

Virgil-TB2 said:
Why would you even say this when half the forum can check their stock widgets and see that the stock hasn't been that low since April?
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Virgil? You might want to check your stock widget (make sure you have one with after hours numbers) and see that the stock is there RIGHT NOW. Down $15.
 
Apple again blow the doors off, and again the stock tanks.

Eventually, eventually the market will get it. Won't it?
 
Luis said:
Sooo iPhone in 20 more countries as of the end of august!! Please please include costa rica in that (probably wont happen though... sigh...)
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probably refering to those countries that have the app store but no iphone yet..
 
BRLawyer said:
Stock is falling NOT because of current numbers, but simply because of Apple's historically-conservative guidance, as usual...

These are FANTASTIC numbers which show that the sky is the limit for Apple, a record-breaking company quarter after quarter...

More growth than anyone else in the computer industry with its Macs, extremely solid sales for iPods that continue to DOMINATE the music industry, and a winning iPhone in all accounts, as the best and most successful smartphone in history...MICROSOFT IS DEAD IN THE WATER.

GO APPLE! TORA! TORA! TORA!
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Apple's stock is falling because Oppenheimer's response to the Jobs health question wasn't at all reassuring. The Street fears that he's on his death bed.
 
so.... Should I be buying more stock? Or will this stock continue to drop? Can you purchase stock at the after hours price or not?
 
Matthew Yohe said:
“We’re extremely pleased with the growth of our business and the generation of almost $5.4 billion in cash in the first three quarters of fiscal 2008,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth quarter of fiscal 2008, we expect revenue of about $7.8 billion and earnings per diluted share of about $1.00.” -- From today.

"“We’re thrilled to have generated $4 billion in cash flow from operations in the first half of fiscal 2008, yielding an ending cash balance of $19.4 billion,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third quarter of fiscal 2008, we expect revenue of about $7.2 billion and earnings per diluted share of about $1.00.” -- From Q2
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I'm not sure what you're disagreeing with, those numbers all agree with that earlier post. If you think there's a mistake, quit being vague and just point out which one you think is wrong.

chicagdan said:
Apple's stock is falling because Oppenheimer's response to the Jobs health question wasn't at all reassuring. The Street fears that he's on his death bed.
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Nah, it's mostly just falling because of the revised guidance for Q4. It had already dropped quite a bit before that response.
 
Ok..here's my guess on the 'new product transition' ;

It's a MBP sized laptop in a traditional fold-down screen-format with a 15" LED vertical display BUT with a 10" horizontal full color touchscreen where the keyboard and trackpad are now AND major updates to all Apple's pro apps to support it...


Well, we can dream can't we ?
 
Oppenheimer just said profits will be down in Q3 because of "A" product transition. Meaning One product.


You heard it here first.

New multi-touch Cinema Displays within 3 months.
 
I referred to your answer

To this quote:

'Street has $1.25 for the next quarter, which the $1.00 was guidance for. The estimate for this current was $1.08, and apple had $1.19'

You answer to check the data. But this is right. Street estimates for this quarter were 1.08 on average and Apple reported today 1.19. Analysts were expecting a guidance for next quarter close to 1.25 and Apple guided 1.0 today. That is what is causing the hit, the 25% difference between Apple's guidance and the street expectation for next quarter.

Matthew Yohe said:
“We’re extremely pleased with the growth of our business and the generation of almost $5.4 billion in cash in the first three quarters of fiscal 2008,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth quarter of fiscal 2008, we expect revenue of about $7.8 billion and earnings per diluted share of about $1.00.” -- From today.

"“We’re thrilled to have generated $4 billion in cash flow from operations in the first half of fiscal 2008, yielding an ending cash balance of $19.4 billion,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third quarter of fiscal 2008, we expect revenue of about $7.2 billion and earnings per diluted share of about $1.00.” -- From Q2
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Holmes89 said:
I wonder if the "new" products they are talking about will be a smaller iPod touch to replace the nano or something.
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I was actually thinking this last year, when the touch and the current nanos were introduced: the iPod nanotouch. However, I'm not expecting this 'til 1-2 years from now. I guess we'll see.
 
milo said:
You mean other than the stock price going up? I'll take my AAPL gains over a piddly dividend any day, thanks.
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As of right now your gains have been exactly 0 dollars since last September. Though the company has profited in each quarter since. You could have your piddly dividend and your AAPL gains too.

I am not saying dividends are the only solution. I am explaining why the price goes down when they give poor future guidance, and why some investors might do some profit taking based upon the guidance numbers.
 
Steve's Health

I think a lot of people missed this article regarding the surgery that Steve had which is why he is so thin. Quoted below:

Along with the digestive problems, patients often lose 5% to 10% of their body weight after the procedure. Weight stabilizes within the first year or two for the vast majority of patients, says Dr. Dilip Parekh, chief of tumor and endocrine surgery at the University of Southern California, who has performed more than 100 Whipple procedures. “There is a small group of people who tend to have persistent problems with weight loss and loss of energy and you often you are not able to pinpoint why,” he says. “But if they stay active and manage their nutrition well, there is no reason for them not to live a normal life.”
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Peace said:
New multi-touch Cinema Displays within 3 months.
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That's one of the worst ideas I've heard in a long time. How many people even sit close enough to their screen to use it as a touch interface, especially a screen that big? Sitting that close would make you blind, insane, or both.

Wouldn't doing touchscreen laptops first make like a billion times more sense?
 
Stock market 101: Current prices reflect future performance. It has nothing to do with the quarter that just finished.

Apple's guidance is A LOT lower than what analysts were expecting. Hence, the sell-off. Even if we assume that actual 4th quarter results will be 15-20% higher than Apple's guidance (like this past quarter), it would still be missing the $1.25 that analysts were expecting.

Anyways, it's a good time to buy, if you have a pile of cash lying around.
 
chicagdan said:
Apple's stock is falling because Oppenheimer's response to the Jobs health question wasn't at all reassuring. The Street fears that he's on his death bed.
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Well, sorry to break it to Street investors, but everybody dies one day...as long as Apple has a good contingency plan and the right successor is chosen with a similar drive towards design, quality and innovation, things should be fine in due course.

And no, this does NOT mean John Sculley as a CEO! Please!
 
justreading said:
As of right now your gains have been exactly 0 dollars since last September. Though the company has profited in each quarter since. You could have your piddly dividend and your AAPL gains too.
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I'd rather have apple invest the money to make the company stronger. As I said, I'd rather take the stock gains - I've been in much longer than that, I expect this dip to be only temporary so it's a buying opportunity. I just wish I had more cash handy to buy.
 
milo said:
That's one of the worst ideas I've heard in a long time. How many people even sit close enough to their screen to use it as a touch interface, especially a screen that big? Sitting that close would make you blind, insane, or both.

Wouldn't doing touchscreen laptops first make like a billion times more sense?
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no no no..

You're misunderstanding the concept!!

Control it with the remote..You wanna have a nice movie to watch.Just touch it.
 
jojasary said:
so.... Should I be buying more stock? Or will this stock continue to drop? Can you purchase stock at the after hours price or not?
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Are you asking me? Or the guy with the crystal ball? Because HE is the only one who can tell you what to do with your money.
 
dongmin said:
Stock market 101: Current prices reflect future performance. It has nothing to do with the quarter that just finished.

Apple's guidance is A LOT lower than what analysts were expecting. Hence, the sell-off. Even if we assume that actual 4th quarter results will be 15-20% higher than Apple's guidance (like this past quarter), it would still be missing the $1.25 that analysts were expecting.

Anyways, it's a good time to buy, if you have a pile of cash lying around.
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I'll be buying a dozen or more of whatever January 2009 calls I can get for around $1.
 
gco212 said:
Good call. My mistake, I was just watching the stock dive and assumed it was due to doing poorly compared with estimates. Why is that guidance so bad though?
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It's called under-promise and over-deliver. Makes things appear better than they are (or at least avoid disappointment syndrome).
 
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