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Apple Posts $1 Billion in Profit
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I see a Special Event coming. Tim hinted to it in response to iLife's no show at Macworld.
Anyone notice the fishy numbers in relation to Mac numbers that has many of the analysts kinda confused?
Anyone notice the fishy numbers in relation to Mac numbers that has many of the analysts kinda confused?
Agreed.
On the split, they just said no comment. I bet it splits soon.
On the 2004 discussion they commented there was a G5 processor shortage! I wonder if they ever said that before?
Gee, I wonder why they went Intel.
They also punted on iPhone battery replacement discussion. Does it have 1 or 2 batteries?
They said music (iTunes) was up someting like 30%, but the margins on that block are really narrow.
40,000 product outlets, greater than 50% outside of the United States.
Mac market share up something like a couple of points or more to the point, plan to buy is up from 18-28% and sales increases over 25% as compared to industry 2-3%.
NOT MANY NEW STORES ADDED IN THE QUARTER.
6600 employees in retail, 21500 Apple overall.
Will add 35 stores in F07.
More . . .
Rocketman
I'm more interested in how many of those stores will be in new markets as opposed to 8 or ten more in New York and SF (rooting for the south).
Call is over btw.
That is an across the board tech norm... the fourth quarter is always the biggest, which is why it is critical that a company not blow it... and why the missed Vista release tanked a lot of the big MS vendors like Dell.
there will be an apple store in Edinburgh very soon.
apple have bought an amazing location on Princess Street.
cant wait
That's good news-at least it'll ship before July.
And we might hear about iLife/iWork '07 soon.
Apple TV set-top streaming media hub has claimed the top slot
With just one week of sales under its belt, Apple Inc.'s new Apple TV set-top streaming media hub has claimed the top slot on the company's list of best selling items.
According to a ranking of best selling products on the Apple online store (right sidebar), Apple TV over the past week outsold all versions of the company's popular iPod digital music players, including the ubiquitous iPod nano.
With just one week of sales under its belt, Apple Inc.'s new Apple TV set-top streaming media hub has claimed the top slot on the company's list of best selling items.
According to a ranking of best selling products on the Apple online store (right sidebar), Apple TV over the past week outsold all versions of the company's popular iPod digital music players, including the ubiquitous iPod nano.
- Q: You decided not to support 3G in the first prototype iPhone model? Your thinking? A: At this point we are very much sold on the EDGE network with Cingular because it is much more widely deployed in the U.S. We don't comment on our roadmaps, but obviously, we would be where the technology is over time.
- Q: Comment on the Cisco lawsuit? A: We think the Cisco lawsuit is silly. Several companies use the term iPhone already. First company to use it for a cell phone. Confident we'll prevail.
- Q: Will there be additional software download opportunities on the iPhone? A: We'll talk more about the iPhone closer to the launch
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I posted in another thread I felt EDGE was used precisely for the reasons they state here
The Cisco suit is not material and even if they changed the name it would become the Apple Phone.
I also said in the iPhone thread that the APPS on the ATN (iPhone) would be augmented by others shortly after launch. I say now, to increase revenue opportunities.
Rocketman
Some things that struck me. Despite the rumoured delay Leopard is coming in the Spring, and these results were massively up despite the equivalent quarter last year being a week longer.
They also mentioned that CS3 is still expected for next quarter and that Mac sales in Europe are up 28%. I bet most of that last one is in the UK and down to us having Apple stores. Roll out to Italy, France, Germany and Switzerland and watch those number jump.
So, when do we get the Gartner figures about market share?
They also mentioned that CS3 is still expected for next quarter and that Mac sales in Europe are up 28%. I bet most of that last one is in the UK and down to us having Apple stores. Roll out to Italy, France, Germany and Switzerland and watch those number jump.
So, when do we get the Gartner figures about market share?
31.2 percent margins!
Wow good for Apple and perhaps the shareholders, but doesn't seem so good for Joe Consumer...
But hey I guess that's Capitalism
Also for those complaining about the APPL stock price going down. It's all about future predicted growth. My guess is that people are selling as they can't see the growth of iPod sales keep going up at the rate they have been, especially in Q1. And the products that could make up for a slow-down in iPod sales such as the iPhone aren't going to be around for a while. Personally I would classify the stock as hold at the moment. Mind you I don't even have enough money to own any stock
You do realize that many retail establishments use what's known as keystone to set margins, right?
Keystone means 100% *gross* margins.
31.2 percent gross margins are not excessive. If you think so, try buying something for 1 (currency of choice) and selling it for 1.3 (same currency) sometime.
31% margin 31% of which is tax ($310,000,000 this quarter)
About 22% of gross after tax. Not much considering the risks and capital costs.
The thanks the FEDGOV gives Steve is a stock options investigation
Rocketman
A slowdown in iPod sales growth has been solemnly predicted for at least two years now, quickly following on the heals of the predictions that it would never really sell well in the first place.
AAPL often drops on the best of news. I've been browbeaten many times for in the past for making this statement, but it's true. I've given up trying to figure out why.
AAPL often drops on the best of news. I've been browbeaten many times for in the past for making this statement, but it's true. I've given up trying to figure out why.
Article said:
Hmmmm ... seems like more confirmation than we had before that a iPhone-like iPod will be released before or near after the iPhone launch ...
Otherwise, I can't see why we'd "talk more" when the iPhone launches.
My Verizon EVDO phones and PC-cards fall back to the older, slower technology if no EVDO coverage is available.I posted in another thread I felt EDGE was used precisely for the reasons they state here
It seems crazy to say "we'll go with slow, since there's wider coverage".
I agree, this looks like typical buy the rumor, sell the news. Then again, it could be that Wall St. is taking the guidance as the word of god. Given that Apple ALWAYS guides lower, you'd think analysts would figure it out. Especially considering how badly they (analysts) missed, um, today.
Oh, and going forward, it looks like Apple could easily do $4/share earnings for FY2007. Based on that Apple at 100 is merely a 25 p/e. And further out, assuming an extremely conservative 25% growth rate, earnings for FY2008 would be $5/share. 100/share on a foward basis is cheap.
And these are numbers that completely exclude the iPhone and tv device.
In other words, Apple should be at at least 120 in 12 months. And it could easily be at 140-150. If not in 12 months, then 2 years... Of course, if the iPhone turns out to be a huge hit, all bets are off... Apple could be at 225 in 2 years...
That means that we are probably not going to see much new products soon, and if we do: they will be announcements for something that will ship latter or too late to affect the bottom line much. Comments?
.4 over 1.2 is still 33% growth for the Macs. Not too shabby. I think more and more will change with Leopard.
I have a view on AAPL, supported by repeated experiences, notably recent earnings estimates.
UPOD
Rocketman