Doesn't tell you anything. They're not booking all the iPhone sale revenue at once. It's being deferred over a two-year period so they can provide software enhancements without having to levy the stupid charge that came with the wireless-n upgrades.
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Apple Posts $818 Million Profit for 3rd Quarter 2007
- Thread starter Matthew Yohe
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Anyone having trouble connecting to the Financial Conference Call? I don't know if my corporate network is cutting me off or if it's just crappy QuickTime streaming doing it's thing. I have not been impressed with QuickTime streaming since day 1.
Except that "The Street"'s article clearly states "Apple sold 270,000 iPhones in its just completed fiscal third quarter, the company said Wednesday." which is clearly false.
Not to contradict you directly, but since Apple said they would realize the revenue from the iPhones over a (two year?) period can you simply take that revenue number and divide that by 270,000? Don't you need a correction factor of some sort?
Amen to that brother.
I bought Apple back after the stock tanked in 2000 (for no reason) and my broker thought I was crazy. I explained to him that I believed and understood what the company was doing (something that Warren Buffett recommends) and bought. When the stock ran to $45, I was stoked. Sold some after the spilt and watched it run again and again. On Monday I was advised to sell, but choose to hold on.
I heard from more people that AT&T said that they sold 146,000 iPhones (which is still a record for phone sales in 30 hours) and I kept explaining that they AT&T stated an activation number, no more. But no one wanted to understand that. Oh well.
gotcha on the correction
so
$5M x 24 = $120M.If we average the iPhone to $525 we get about 220,000
AT&T really screwed up activation those first 2 days.
so
$5M x 24 = $120M.If we average the iPhone to $525 we get about 220,000
AT&T really screwed up activation those first 2 days.
No it isnt. That 270000 is UNITS there are no units accounted for with accessories.
Falling in after-hours, actually, by around $2-3/share.
The focus is going to be on the iPhone numbers which aren't as spectacular as some expected, and Apple's typically cautious guidance for the 4th quarter.
Why the "and" then?
iPhone and Related Products and Services (6)
Look at the chart. How is it done for the iPod? They have it broken down into two lines and no units listed for the iPod accessories
LOL! The people who write these reports are so clever.
I thought there's no way they can avoid the bad news for the couple of days that are in the quarter.
'Course, reading between the lines: obscuring exactly how many iPhones were sold means they, themselves are disappointed by the sales (so the much higher figures estimated around launch weren't just analysts' expectations, but might have been in line with Apple's own expectations).
Interesting...
I thought there's no way they can avoid the bad news for the couple of days that are in the quarter.
'Course, reading between the lines: obscuring exactly how many iPhones were sold means they, themselves are disappointed by the sales (so the much higher figures estimated around launch weren't just analysts' expectations, but might have been in line with Apple's own expectations).
Interesting...
Where are you getting these numbers? Yahoo sez:
After Hours: 134.94 down 2.32 (1.69%) as of 5:00PM ET on 07/25/07