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Apple Posts $295 Million Profit

dejo said:
Well, that's a bit of an exageration. AAPL closed +.90 today, from an opening of 64.56, and was highest at 65.90.

Not that I don't want it to go a lot higher. I do!
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It went up $7 in after market trading. No exaggeration needed.
 
dejo said:
Well, that's a bit of an exageration. AAPL closed +.90 today, from an opening of 64.56, and was highest at 65.90.

Not that I don't want it to go a lot higher. I do!
Click to expand...

Well, heck, my grandfather's the one that said it went up $7 today... Just another reason to be pissed...

edit: ouch... you got owned by the above post... ;)
 
First Adopters

Remember from the keynote that most of iPods shipped only in 2004. This may repeat on the Mac. I bet we have 50 million Mac users this time next year. It will start out with the techies and first adopters and work that way down to the cattle.

Moo!
 
Naimfan said:
This represents great news for Apple--more and more people are being exposed to Apple products, and I would like to think that the new Mac Mini will help continue that and expand into the actual computing line. The one thing to be wary of is that margins on Mini's must be very low--Apple will need to watch that carefully (though, yes, I'm sure they will....).
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I dunno, you might be surprised at the margin on the Mac Mini's:

I would dare say they are making ATLEAST 50-75$ per 499$ machine, and that is a 10-15% margin.

Granted, that is not the usual apple margin, but in the budget PC sector, thats a very GOOD margin, when some are 5% or less. And with the QUANTITY they stand to sell, not to mention the fact that ALOT of mini's will be sold with accessories (IE, High margin Items), margins on this new mac will probably not be all that bad!
 
Powerbook sales don't look so good. It seems people are waiting for a G5 powerbook or else they think the ibook is close enough to the powerbook they get one of those instead.
 
Here's a quote from last Saturday's Los Angeles Times.
Shares of Apple Computer Inc. rose 7.3% to a four-year high ... Rumors that Apple Chief Executive Steve Jobs may announce lower-priced music players and a Macintosh computer that sells for about $500 are also buoying interest in the company.
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Maybe rumor sites are responsible for some of Apple's success!
 
lots of iMacs sold

I think you can see the halo effect in the percentage of Mac sales that were iMacs. People switching or buying a Mac to go with their Wintel machine are more likely to buy an iMac than a high end machine. This has to be the leading indicator that people are switching/adding Macs for real.
 
Timelessblur said:
to me this raise some major red flags. It just seem to much of an increase for one year time spand. doing double digitigs % increase is high but doing triple jsut seems like something questionble is up.

I just like to say remeber enron and they where doing great and where stating this very high profit margins. Everyone believe them for a while now you have to wonder if apple is really starting to watch there stock prices and trying to make sure they keep rising by ajusting there books somewhatly. (there are tons of little dirty accounting secrets that allow for this and remember apple is for making money first and for most and high stock prices help them make more money)
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A classic MacRumors post...

Take your "somewhatly" glass half-empty attitude elsewhere please.

Sometimes having the best selling consumer electronics device on the market earns profits, go figure.
 
Very good apple....i might call my stock broker soon.....
I'm glad i'm part of the 1.05 million mac sales for the past quatar :cool:
 
What % market share do we want?

Just a quick question. How much Market share do you guys want Apple to gain.
I, for one love that I am part of the small Mac community. Now dont get me wrong, I would love Apple to become the dominate platform, but if that costs me security problems and viruses, then No Thanks. Just wondering what you guys think.

~Jeff
 
I agree totally with mmmbop here.

Great news, Go Apple!

I can really see a chance for Apple to break into the mass market with great products that people really want.

People are fed up with computers that don't work, are over complicated or suffer from virus etc.

But, I gotta say. Why the negatives? Why can't people who support Apple be happy when they become successful?
 
Timelessblur said:
to me this raise some major red flags. It just seem to much of an increase for one year time spand. doing double digitigs % increase is high but doing triple jsut seems like something questionble is up.

I just like to say remeber enron and they where doing great and where stating this very high profit margins. Everyone believe them for a while now you have to wonder if apple is really starting to watch there stock prices and trying to make sure they keep rising by ajusting there books somewhatly. (there are tons of little dirty accounting secrets that allow for this and remember apple is for making money first and for most and high stock prices help them make more money)
Click to expand...

Regardless of the irrational nature of your comment, Enron is a thing of the past. Sarbanes-Oxley has affirmatively shut the door on acts like MCI-Worldcom and Enron, and an executive would be absolutely foolish to allow such accounting practices to occur in 2005. His freedom and riches would be taken away quicker than the new Mac Mini will fly off the shelves. End of story.

- reaper
 
Sushij said:
Just a quick question. How much Market share do you guys want Apple to gain.
I, for one love that I am part of the small Mac community. Now dont get me wrong, I would love Apple to become the dominate platform, but if that costs me security problems and viruses, then No Thanks. Just wondering what you guys think.

~Jeff
Click to expand...

I would like for Apple to gain enough of a marketshare that it attracts more gifted developers to the platform. The machine is useless without innovative apps. And you know what? Most of the software I run on my mac comes from Apple.

Agreed on the virus issue. Although I don't typically find myself engaging in habits that would allow such a thing anyways.
 
half empty half full

1. Apple doesn't advertise G5 products because they are selling all they can make and they can't make as many as they want due to production issues.

2. You can bet your ranch they will advertise the Mac mini like the iPod if they have enough G4 chips to meet increased demand. Moto will regret spinning off Freescale if Apple can sell a million or 2 Mac minis this year.

3. While the margins on the Mac mini will be small, Apple will make $$$ on the peripherals and AppleCare. Even more, the reseller market will have volume sales with monitors, keyboards etc. If Apple can duplicate the iPod sales channel, it will be huge.

4. Those who see iPod saturation may have a point; Apple sort of hints at that in their modest expectations for the next quarter. In addition, there are the European, Latin American and Asian markets to be explored. As the iTMS expands, so will the demand for iPods.

5. While hardware margins are low, software margins on incremental sales are huge (just the packaging and cd). Think iLife 05 (for installed base) and iWork, as well as Tiger when it ships.

6. Unfortunately for me, I don't invest in stocks in companies I have too much of an emotional attachment to, so I didn't buy AAPL at 15.

7. One thing Apple has going for it as a brand is the good design and function of their products, and the genuine FUN both the producers and users seem to have with the stuff.

:D :D :D
 
iBoris said:
I agree totally with mmmbop here.

Great news, Go Apple!

I can really see a chance for Apple to break into the mass market with great products that people really want.

People are fed up with computers that don't work, are over complicated or suffer from virus etc.

But, I gotta say. Why the negatives? Why can't people who support Apple be happy when they become successful?
Click to expand...

I am convinced there are PC folks out there that surf to this site for no other reason than to click 'negative' on every positive Apple story, troll a bit in the threads, and then leave.

But then again, there seems to be a small cell of mac folks out there that see anything positive from Apple that expands user base as negative, as it might infringe on their 'elite' status as a mac user.
 
Just of the record, that increase in sale has nothing extraordinary and was even predictable. Think about it: how many people you knew were waiting for an update that arrived this quarter before buying? If Apple can keep this amount of sale for a few semester I will be impressed.

Also, share price HAS NOTHING TO DO with profits!!! NOTHING! Incvease in share price only benefit the shareholders, not the company! This is one of the things I hate: people who make bad asuptions based on wrong financial knowledge. This is not personal at all, its just that people need to financialy educated themself to understand the economical life...
 
Timelessblur said:
to me this raise some major red flags. It just seem to much of an increase for one year time spand. doing double digitigs % increase is high but doing triple jsut seems like something questionble is up.

I just like to say remeber enron and they where doing great and where stating this very high profit margins. Everyone believe them for a while now you have to wonder if apple is really starting to watch there stock prices and trying to make sure they keep rising by ajusting there books somewhatly. (there are tons of little dirty accounting secrets that allow for this and remember apple is for making money first and for most and high stock prices help them make more money)
Click to expand...

Apple does considerably less banking on their current stock price than the likes of Enron et al. Having watched Apple's accounting for several years, Apple has always been on the conservative side of reporting. I don't see anything to make me think that's changed.
 
Jigglelicious said:
Now if only this success could be attributed to stellar Macintosh sales, instead of the damned iPod.

Don't get me wrong, i'm happy for Apple. But its obvious that Mac sales have not really increased due to the populatiry of the iPod like Apple originally hoped.
Click to expand...


Ummm ... I'd call 26% an increase ...
 
reaper said:
Sarbanes-Oxley has affirmatively shut the door on acts like MCI-Worldcom and Enron
Click to expand...

Too bad only for publicly-traded companies. Private ones can still "cook the books" if they want. Not that that's legal or anything.
 
Avicdar said:
I would like for Apple to gain enough of a marketshare that it attracts more gifted developers to the platform.
Click to expand...

Are you saying there's a lot more gifted developers building more innovative software for other OSes?
 
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