Apple Reports 3Q 2021 Results: $21.7B Profit on $81.4B Revenue, New June Quarter Records

[firewood]

I wonder how many Apple nay-sayers here shorted AAPL because (products overpriced, non-upgradable, battery too small, not enough ports, closed ecosystem, if-Jobs-were-alive-he-would-have-XYZ, etc.)?

Maybe they should join forces with last year's #teslaq "investors" ?

 

[dba415]

Theses earnings seem underwhelming compared to Google, and Wall Street is reacting accordingly

 

[dogslobber]

We hit all time highs this week, so selling was wrong.

The Cook comment must be a troll, like the entire post maybe?

Cook has failed to realize shareholder value. The company is only work $2.5T where it should have much stronger growth. Maybe you're happy with mediocrity but I don't invest in loser stock.

 

[Yokon54]

That’s just because the broad market is at all time high. AAPL has been lagging behind a lot this year.

For 6 months? 13% versus 19%. So what? The last year is 36% for market and 57% for AAPL.

AAPL and investing is always about the long term.

 

[One2Grift]

Almost 40B on iPhone -- in the slowest, least earning, quarter of the year? OH! MY! GOD!
Hearables and Wearables comes in big again, third biggest rev generator. Watch added sales? Apple TV ne release? AirTags? AirPods Pro? Maybe all of them.

Increasing iPhone sales is such a BFD. iPhone is the heart of the eco. Metrics suggest Apple's unique eco value adds result in 2 out of 3 of iPhone users will purchase some. Metrics also suggest retention of expanding numbers is among the best in corporate America.

Tip for investing (not trading) do not worry about price reactions tonight tomorrow or next week. That's trading. This is investing. You see numbers like this, and previously, from Apple. You buy the stock andthen go about your life. Stock prices go up and down (rarely do they just go straight up or down). Don't let the natural ebbs and flows of weekly price action cause overthink. The fundamentals revealed in this report are staggeringly good as they have been.
My other holding is Google (and an ETF) and IMHO they are also in this realm of very good investment (not trading).
If you have money you are saving for longer term, these are stocks you put into and just let it go. Then, hopefully, one day it is double or triple what you put in.

 

[Yokon54]

Cook has failed to realize shareholder value. The company is only work $2.5T where it should have much stronger growth. Maybe you're happy with mediocrity but I don't invest in loser stock.

Ok, this is clearly a parody account. Cook has grown AAPL 8X since taking over And just grew earnings 50%. 😂

AAPL has grown 500% the last 5 years versus the s&p500 100%.

 

[Yokon54]

Theses earnings seem underwhelming compared to Google, and Wall Street is reacting accordingly

AAPL makes more money than GOOGL.

 

[LFC2020]

The end is near for android 🪦💀

 

[MGrayson3]

Poe's Law at work.

 

[citysnaps]

Hat tip to Apple, Tim Cook, and Apple employees for superb management and execution, delivering products customers love, paying premium prices, year after year after year.

 

[One2Grift]

Cook has failed to realize shareholder value. The company is only work $2.5T where it should have much stronger growth. Maybe you're happy with mediocrity but I don't invest in loser stock.

Oh no, someone actually writes this then actually may believes this? Funny...

 

[dogslobber]

Ok, this is clearly a parody account. Cook has grown AAPL 8X since taking over And just grew earnings 50%. 😂

AAPL has grown 500% the last 5 years versus the s&p500 100%.

Yet AAPL will shift lower as The Street isn't interested in these results as they're not impressive. An empty chair could have grown AAPL's bottom line so it really isn't any of Cook's doing. He is preventing growth as he doesn't know how to invest for shareholder value. I want to own growth stocks not lose money.

 

[dogslobber]

Oh no, someone actually writes this then actually may believes this? Funny...

As I say, some folk are happy with mediocrity but some of us want to make money.

 

[Yokon54]

Yet AAPL will shift lower as The Street isn't interested in these results as they're not impressive. An empty chair could have grown AAPL's bottom line so it really isn't any of Cook's doing. He is preventing growth as he doesn't know how to invest for shareholder value. I want to own growth stocks not lose money.

Don’t want to make 5X better than market return. You’re getting ignored. 😂😂

 

[citysnaps]

Nice...43.3% GPM! Wall Street will nod in approval.

 

[dba415]

AAPL makes more money than GOOGL.

Currently sure sure, but apple isn't growing as fast as Google.

 

[jayducharme]

A service gross margin of over 69 percent!? Holy (cash) cow!

 

[One2Grift]

it’s amazing that they keep beating their own records like this, quarter after quarter, year after year. I keep thinking it has to stop at some point, but I guess this isn’t that point.

Agreed. If you are new to investing and you are not going with managed capital or self directing into a fund(s), IMHO it is best to go with SPY or you can go a smidgeon riskier and go with Q. Just remember that big corrections and even market slumps happen. Don't let a moment in time effect the long term plan.

With that said, if new and you're picking a single stock? Look at the Dow 30 for companies to invest in. There's still risk but the risk factor is much much more muted. Going a bit riskier, look at a top 50 company from the S&P500. These symbols I mention are all easily looked up.

OTOH if you go with, for example, a small cap biotech company hoping they get approval for a major disease treatment, know that you have very!! significantly!! added risk. The risk can come with BIG gains short term but the odds are against you.

 

[GigabitEthernet]

Apple is a savings account and a way to get rich slowly

 

[Yokon54]

Currently sure sure, but apple isn't growing as fast as Google.

I am long both, but AAPL is putting up insane growth for their size.

AAPL just put up 93% earnings growth.

 

[One2Grift]

And of course AAPL drops after hours. Wall Street really hates the lack of future guidance.

Somewhat understandable. No one knows more about their product, market, and users than the company itself. They'll know best what is likely in store for the next 3 months. So when a company, like Apple, doesn't provide that? As an investor your risk is raised.
For a company like Apple, one reason you buy this is because of reduced risk. I personally don't like Apple not providing better guidance but I'm an investor on Apple. I'm not worried about a few days of drop because there was no guidance. IMHO the best view of a stock is revenue growth numbers and the weekly chart view. The intraday price action is just HFT/Algo noise IMHO.

EDIT: to add to this, what little "guidance" has been provided just said "iPhone" and "supply constraints". Just not what someone risking their money wants to hear.

 

[Nicky G]

Holy smokes. I'm clearly sending too much of my money to Apple, yowza! Well, I guess congrats on a ridiculously strong quarter. 42 percent gross margin, JFC...

 

[Yokon54]

Somewhat understandable. No one knows more about their product, market, and users than the company itself. They'll know best what is likely in store for the next 3 months. So when a company, like Apple, doesn't provide that? As an investor your risk is raised.
For a company like Apple, one reason you buy this is because of reduced risk. I personally don't like Apple not providing better guidance but I'm an investor on Apple. I'm not worried about a few days of drop because there was no guidance. IMHO the best view of a stock is revenue growth numbers and the weekly chart view. The intraday price action is just HFT/Algo noise IMHO.

They just gave guidance for strong double digit revenue growth in the September quarter.

 

[ghanwani]

Did they say anything about iPhone 12 Mini sales being lackluster? If they do, would appreciate an update to the title of the post. haha

 

[LeeW]

I wonder how many Apple nay-sayers here shorted AAPL because (products overpriced, non-upgradable, battery too small, not enough ports, closed ecosystem, if-Jobs-were-alive-he-would-have-XYZ, etc.)?

Maybe they should join forces with last year's #teslaq "investors" ?

There are plenty of people, I included even as an Apple user believe they are overpriced and all the rest.

But, as an investor in AAPL, ride those customers hard. Force them to upgrade for no reason, make them buy services and keep taking the fool's money.