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Apple Records Q4 2011 Earnings of $6.6B on $28.3B in Revenue, Tops $100 Billion in Sales for Fiscal 2011

BaldiMac said:
They reported $7.05 per diluted share.
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After guiding to $5.50 last quarter, which took into account an expected slowdown from the iPhone refresh (hinted at on the conference call).

Analysts who insist on calling this a miss are delusional. They missed a random number analysts pulled out of a hat, they demolished their target.
 
A new iPhone is usually released in the (now) past quarter. That was an expectation, and it didn't happen, so expected sales were hurt in that context. Only off by a billion and change. Imagine if the iPhone 4S were released last quarter -- $1.x billion would be chump change.

The holiday quarter is going to dominate.
 
By all accounts Apple was still selling a ton of iPhone 4s prior to announcing 4S... Would there be a supply issue as they transitioned the line over?
 
smiddlehurst said:
2) iPad sales are still running between 2 and 3 times more than the Mac. Almost unbelievable sales performance from what is, when you get right down to it, a platform that's only 18 months old. No wonder everyone wants to get in on the act with their own tablet products.
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Why does the paranoid side of me fear that due to the success of the iOS devices, Apple will stop making computers & only sell iOS devices & iTunes stuff (music, movies, etc.)?

Before you flame me, just remember that's the paranoid side of me. My more rational side says that would be a disastrous move at the current time. Right now, iOS lacks some functions like multiple users, and even products to code apps.
 
rdowns said:
Well, it had to happen. Apple missed estimates for the first time since 2004. Stock getting hammered after hours. Was down as much as 7%, now down about 4.
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So now the question is whether tomorrow is a good day to buy, or whether this is the start of more skeptical growth estimates?

(FD: long AAPL).
 
Wirelessly posted (Mozilla/5.0 (iPhone; CPU iPhone OS 5_0 like Mac OS X) AppleWebKit/534.46 (KHTML, like Gecko) Version/5.1 Mobile/9A334 Safari/7534.48.3)

Stock didn't get hit nearly as bad as I expected. Next quarter is going to kill it with Xmas an the 4s. Good time to buy.
 
longofest said:
And Apple's stock is tanking. Apparently if Apple doesn't break records for a quarter, it isn't going to meet analysts' "expectations" and sink Apple's value by 6% in mere minutes.

Ah... the beauty of the stock market :rolleyes:
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Thought I would shed some light on this.

The stock price is at its current level because of analysts expectations. If aapl came in on target with analyst expectations, the stock price should see minimal changes, in theory.

I also want to make it clear, AAPL did not miss their estimates, analysts got a little overzealous. The only items which "missed" were iphones and ipods. I believe, as someone else stated, this was due to the impending iOS5. The 4S is selling like crazy and assuming no production delays in any of their products I would expect Q4 to be crazy successful.

Options could be a great play.
 
3N16MA said:
The iPod was launched almost 10 years ago (5 more days). Even though sales have been declining for the last few quarters let's not forget the little music player that changed Apple forever.
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Ipod was in the beginning Mac exclusive. Together with OSX 10.1 it got many including me to switch.

I still have my 1gen iPod. It works still works great. I am really disappointed at Apple that they haven't updated the classic the last 2 years. They would have sold a few of them. 2009 320 gig 1.8 disc where ready. They could have therefore released 640gig iPods. Having the whole music library in loose less with you.)
 
Q3 results:

3.95 M Macs (14% year-over-year unit increase)
20.34 M iPhones (142% yoy increase)
7.54 M iPods (20% yoy decrease)
9.25 M iPads (183% yoy increase)

Q4 results:

4.89 M Macs (26% yoy unit increase)
17.07 M iPhones (21% yoy increase)
6.62 M iPods (27% yoy decline)
11.12 M iPads (166% yoy increase)

The iPod decrease is to be expected and will only continue. The only slight miss was with iPhone sales. Macs were a huge performer, as well as iPads (the latter of which is most encouraging.)
 
Bricoop said:
Thought I would shed some light on this.

The stock price is at its current level because of analysts expectations. If aapl came in on target with analyst expectations, the stock price should see minimal changes, in theory.

I also want to make it clear, AAPL did not miss their estimates, analysts got a little overzealous. The only items which "missed" were iphones and ipods. I believe, as someone else stated, this was due to the impending iOS5. The 4S is selling like crazy and assuming no production delays in any of their products I would expect Q4 to be crazy successful.

Options could be a great play.
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And the shares will rebound a bit when they talk about the success of Iphone4S.

Siri is something special.

(Steve is mentioned in the first sentence in the conference call)
 
I think Apple did great this quarter. But I have to ask - if they exceeded analyst expectations - would you all be heralding Apple's accomplishments and how they blew these analysts away?

Because it's amusing to see people "condemn" the analysts when they are wrong in over expecting... Sorta like how some people hate Consumer Electronics when they don't give Apple a thumbs up on the iPhone 4 yet praise them when they give Apple the thumbs up on other devices...

Seems silly.

The results are great. And analysts are doing their job whether you agree with them or not.
 
guzhogi said:
Why does the paranoid side of me fear that due to the success of the iOS devices, Apple will stop making computers & only sell iOS devices & iTunes stuff (music, movies, etc.)?

Before you flame me, just remember that's the paranoid side of me. My more rational side says that would be a disastrous move at the current time. Right now, iOS lacks some functions like multiple users, and even products to code apps.
Click to expand...

Any company willing to give up a growing segment of their business that is worth 20% of overall revenue is foolish.
 
Mac sales

Still impressive to me how much growth Apple has on the Mac side of the business. That's still the dark horse in my book. What a stunning quarter in that regard as well.
 
BRLawyer said:
It seems like a sad irony...the first earnings announcement after SJ's death is the first quarter where Apple REALLY hit the lower side of the estimates (especially if compared to the independent ones) and did not break any records.
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Didn't Apple (founded by SJ as Apple Computer) just sell a record number of computers (at least those computers that weigh over 1 kilo)?
 
KPOM said:
So now the question is whether tomorrow is a good day to buy, or whether this is the start of more skeptical growth estimates?

(FD: long AAPL).
Click to expand...


I'm planning on adding to my holdings tomorrow.
 
*LTD* said:
Q3 results:

3.95 M Macs (14% year-over-year unit increase)
20.34 M iPhones (142% yoy increase)
7.54 M iPods (20% yoy decrease)
9.25 M iPads (183% yoy increase)

Q4 results:

4.89 M Macs (26% yoy unit increase)
17.07 M iPhones (21% yoy increase)
6.62 M iPods (27% yoy decline)
11.12 M iPads (166% yoy increase)

The iPod decrease is to be expected and will only continue. The only slight miss was with iPhone sales. Macs were a huge performer, as well as iPads (the latter of which is most encouraging.)
Click to expand...

iPhone is 40% of their revenue and their highest margin product, so naturally even a "slight" miss hits the stock.
 
40% profit is to high, lowering the profit to 30% could allow for the iPhone 5 to be $350 cheaper.

Liquid cash should now be at almost 100 billion dollars, 'm still wondering what there up to with this Scrooge McDuck wealth.
 
guzhogi said:
Why does the paranoid side of me fear that due to the success of the iOS devices, Apple will stop making computers & only sell iOS devices & iTunes stuff (music, movies, etc.)?

Before you flame me, just remember that's the paranoid side of me. My more rational side says that would be a disastrous move at the current time. Right now, iOS lacks some functions like multiple users, and even products to code apps.
Click to expand...

April 2011 it was reported that Apple is combining OSX and iOS. OSX 10.7 could be the last OSX.

Apple have already killed off Xserver, Xraid and Xsan = server and corporate market.

The feature of computing is tablet devices. Just hook it up to your cinema display + bluetooth mouse/keyboard. Headless macs will be like the AppleTV. This will start to happen 2012.

Apple computer does not exist anymore. Apple inc is here :(
 
Peace said:
40% gross margins ?

Wow..

Sell some stuff cheaper now guys.
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Margins on the iPhone4s have to be crazy considering there should have been minimal manufacturing changes since the overall design is the same. That is the reason they were able to sell 4M in one weekend.
 
KPOM said:
iPhone is 40% of their revenue and their highest margin product, so naturally even a "slight" miss hits the stock.
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I'd call the 4S a "wash" so to speak (in the USA). They added Sprint (and also had Verizon at launch) but on the flip side - they probably didn't gain many ATT or Verizon "upgraders" who haven't hit their cycle yet.
 
guzhogi said:
Why does the paranoid side of me fear that due to the success of the iOS devices, Apple will stop making computers & only sell iOS devices & iTunes stuff (music, movies, etc.)?

Before you flame me, just remember that's the paranoid side of me. My more rational side says that would be a disastrous move at the current time. Right now, iOS lacks some functions like multiple users, and even products to code apps.
Click to expand...

Macs are a ~$20 billion market. Stop making them. :rolleyes:

Where do people get this stuff?
 
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