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Apple Posts 4Q 2008 Earnings Results
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"Apple also said it sold 6.9 million iPhones during the quarter"
http://www.marketwatch.com/news/story/apple-profit-rise-26-iphone/story.aspx?guid={9EC1113C-531A-43AE-861A-146A6655D651}&siteid=yhoof
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They sold SEVEN MILLION iPhones in JUST ONE QUARTER!!!
"Apple also said it sold 6.9 million iPhones during the quarter"
http://www.marketwatch.com/news/story/apple-profit-rise-26-iphone/story.aspx?guid={9EC1113C-531A-43AE-861A-146A6655D651}&siteid=yhoof
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They sold SEVEN MILLION iPhones in JUST ONE QUARTER!!!
It's not like that RIM and Apple are direct competitors. They act in completely different markets. RIM primarily sells to businesses while the iPhone is directed to home users. All these "let's compare smartphone market numbers" stuff from Apple is just marketing. They better need to compare to Nokia and others.
Sure, but it's a great marketing tag line for them to use. And to some extent, they do compete.
Did you see the revenue numbers for all phone providers above? Pretty impressive.
Good question about sitting on so much cash... no commitments from Steve to use it for anything, including stock repurchase.
Yes, of course.
They blew away estimates for the current quarter!
...except those pesky ones that want FireWire on their MacBooks.
Oh, I agree with you that they are in different sub-markets, but they are both in the larger category of the cell phone market as a whole. And in the cell phone market, they are competitors.
Timely. Everywhere is in recession ... and Apple have put up their laptop prices to what they were in 2003 in Europe and other territories and it turns out that they're drowning in cash. Great ... yawn.
Well RIM is the only other phone maker that specializes in smartphones, so it IS an apt comparison.
The vast majority of what Nokia, Samsung, Moto, etc. sell are commodity flip phone types that you get for free with any contract.
Jobs says market downturn has not created a market for "cheaper computers such as netbooks". Netbooks have been around for some time independent of financial circumstances.
Apple are not satisfied with what they can do in the Netbook category. It's a nascent category with "not a lot of them being sold". Apple's proposition in the category is the iphone. They'll wait and see how the nascent category evolves and have some pretty interesting ideas if it does evolve.
Apple would be surprised if large numbers of Apple customers are driven to low-cost computers by the economic downturn.
Apple are not satisfied with what they can do in the Netbook category. It's a nascent category with "not a lot of them being sold". Apple's proposition in the category is the iphone. They'll wait and see how the nascent category evolves and have some pretty interesting ideas if it does evolve.
Apple would be surprised if large numbers of Apple customers are driven to low-cost computers by the economic downturn.
"We'll see how it evolves, and we have some pretty interesting ideas if it does evolve." Just listened to this! This was an interesting statement... Interesting to see if this market picks up...
And congrats Apple on the great sales!
And congrats Apple on the great sales!
It's like a self fulfilling prophecy. Apple only makes an All-In-One desktop with decent specs at a reasonable price. Not everyone wants an All-In-One period.
So Steve trots out this canard about 2/3 of the Macs are notebooks as if it is justification for not having a decent headless Mac. The reason that notebook Macs are 2/3 of sales is because there is a hole in the lineup! The rest of the industry is not 2/3 notebooks. Sure notebooks now lead but not 2 to 1.
What the hell? Nokia have 50% of the global smartphone market. Haven't you heard of the N and E series?