Apple Reports $1.61 Billion Profit for Q1 2009

[Bubba Satori]

Well done Apple.

I've been surprised at how well Apple sales have held up during the economic downturn. My Apple sales have been very good the last six months.

Just wish I had an up to date $500 Mini and a $1K quad core tower to sell. I could sell tons of them.

 

[dejo]

For the original fiscal 2008 year projection.

Oh, right. The prediction so many doubters said they wouldn't make. Ha ha!

P.S. So, another 3.6 Billion cash in the bank, huh? Wow.

 

[Unspeaked]

BlueVelvet, they just poked a hole in your theory, as it was clearly stated that Apple is "shipping the best products in (their) history."

Doesn't get much clearer than that...

 

[FreeState]

Thanks. I know laptops are popular but by an almost 3-1 margin? Pitiful, and shows the paucity of the current desktop range in offering value and choice.

That and the fact that the consumer market is going to laptops in general. I cant remember the last time a friend bought a desktop. (be it Mac or PC)

http://www.google.com/hostednews/ap/article/ALeqM5ifOcEdOzfD2OYwCWsFJUrz9QJSXQD958K6C00

 

[shawnce]

Thanks. I know laptops are popular but by an almost 3-1 margin? Pitiful, and shows the paucity of the current desktop range in offering value and choice.

...or it shows that Apple's current laptops are playing very well in the current trend of the market. Of course in reality it is a little bit of both.

In the near future expect the product mix to swing a little more back towards desktop systems (product updates will happen once component availability aligns).

 

[Unspeaked]

Great, now we can hear all the journalists ignore the results and ask about Steve's health!

And the first question was about...

 

[Peace]

Only an Apple COO would call their employees "wicked smart"

 

[displaced]

BlueVelvet, they just poked a hole in your theory, as it was clearly stated that Apple is "shipping the best products in (their) history."

Doesn't get much clearer than that...

Well, that statement would hold true even if they just stuck with Moore's Law and updated the CPU every 6 months. The latest machine would by default be better than all those that preceded it and thus the best in the company's history.

 

[EMT123]

under promise-over deliver.

 

[macfan881]

Nice to see that apple hasnt been hurt by the ressescion but of course this is after the hollidays and everyone and then some buys something apple related over the holidays being itunes cards or apple products etc. it will be intresting to see what apple can do in a non holliday qt

 

[cameronjpu]

Q2 and Q3 is where it's at, the recession is starting to bite overseas.

Q4 is generally (and in this case as well) Apple's best quarter.

 

[Unspeaked]

Well, that statement would hold true even if they just stuck with Moore's Law and updated the CPU every 6 months. The latest machine would by default be better than all those that preceded it and thus the best in the company's history.

Of course, I just thought it was an amusing statement.

I can't remember the last time Apple stated their current offering were junk, they really had it right a couple of years ago and it all went to hell, they're really sorry and they hope to get it better next quarter.

 

[Blue Velvet]

BlueVelvet, they just poked a hole in your theory, as it was clearly stated that Apple is "shipping the best products in (their) history."

Doesn't get much clearer than that...

Apple always are producing the best products in their history, even the ill-fated Cube was the best product in their history. There's being an informed consumer and supporter of a company and then there's falling for their spin.

That and the fact that the consumer market is going to laptops in general. I cant remember the last time a friend bought a desktop. (be it Mac or PC)

Anecdotal evidence from your friends doesn't sway me, I'm afraid. Besides, who in anybody's right mind would buy a desktop from Apple at the moment, unless you want an all in one like the iMac? Face it, they've slacked around and tinkered around the edges with the Macs.

 

[valdore]

According to this site's own Buyer's Guide, Apple hasn't done jack to any desktop for nine months - the iMac. Then of course there's the Pro and the Mini that haven't been touched in ages either.

 

[cowm007]

$10.2 billion revenue just reported on CNBC.

$1.78 earnings per share!!!!

2.524 million Macs sold

4.4 million iPhones sold

22.7 million ipods sold

34.7% gross margins

Low expectations for Q2 though.

7.5-8 Bln.

That exchange basically sums up how Apple stock works.
Apple: "Woohoo we had our best quarter ever. Again."
Market: "Who cares, next one is gonna suck."

 

[lkrupp]

A growth slowdown is clearly inferred via these numbers.

Yes, Apple is doomed. We know that. What's your excuse.

 

[Mal]

Thanks. I know laptops are popular but by an almost 3-1 margin? Pitiful, and shows the paucity of the current desktop range in offering value and choice.

I think it's less that than Apple's correct prediction that laptops are the way of the future. Desktop machines are going to die out for all but the most robust tasks, and we're going to use laptops (or whatever may succeed them) as our only or at least primary computers.

I know I do, my wife and I each have MacBooks with no interest in having a desktop machine in the house. Most everyone I know at least is considering the same if they aren't already all using laptops.

jW

 

[MacSA]

Now we just need to get someone at this conference call to ask what's going on with the Mac Mini.

 

[ChrisA]

728K desktops vs. 1,796K portables

Makes sense. Apple sells conventional notebooks but only "speciality" desktops. They have no mainstream desktop product.

 

[/dev/toaster]

With Apple making this ridiculous amount of money, maybe its time for them to reduce prices a bit. Apple is still fairly overpriced.

 

[jbernie]

I was very interested to see the iPod results, I was theorizing a few months back that either they would fall as the rest of the market fell (general contraction) or they would increase because when times get tough a lot of people feel more comfort in going with the market leader as they see less risk in the purchase as the leader is more likely to stick around/stay in the market than the smaller players.

Though I had a great laugh at the CNN Money report saying Apple had sold 4.4 Billion iPhones.. yup.. BILLION... talk about market saturation

 

[Rocketman]

Market cap

2:23pm pacific

AAPL $73.7 B
MS 17.7 B
IBM 122.8 B
INTC 73.8 B

Rocketman

DELL 19.8 B

 

[Unspeaked]

Though I had a great laugh at the CNN Money report saying Apple had sold 4.4 Billion iPhones.. yup.. BILLION... talk about market saturation

Think of how much better the world world would be if everyone had an iPod...

 

[Unspeaked]

2:23pm pacific

AAPL $73.7 B
MS 17.7 B
IBM 122.8 B
INTC 73.8 B

Rocketman

DELL 19.8 B

Um, MS is Morgan Stanley.

I think you meant Microsoft, with a market cap of over $170 B...

 

[JG271]

Wow, some pretty good results during a recession! Hopefully the massive change between desktop-laptop ratio should merit some upgrades soon...

...either that or they'll change focus to laptops!