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Apple Reports 4Q 2020 Results: $12.7B Profit on $64.7B Revenue
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This. Anyone looking to make a quick buck on Apple based on one earnings report was investing with the wrong mindset anyway.
Buy it, hold it. There will be another split in most of our lifetimes. If you bought in in the $130s, hang in there. It may go down more in the next few months, but the business is strong and there is still money to be made if you have the appropriate time window.
This is a fairly short-sighted but common mindset. There is definitely nothing shameful about a factory job, but this is all very 1950's thinking. It's like clamoring for more fast food restaurants, when with just a bit of effort and education, you could have a really nice, nutritious meal for the same price. Big picture - as a nation, let's see how we can create competitive jobs, with real upward mobility, without repetitive stress injuries and so on... Settling for assembling electronics, whether for domestic use or export, is lazy IMHO.
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Services have had significant growth for a while now (With the addition of Apple One coming). Online sales of course are increasing given the obvious reasons, Apple brick-and-mortar stores probably aren’t seeing that much more traffic, especially depending which region you’re in. But I think that’s not really that much of an issue in terms of if you want something, you can still have it within two days and of course Apple has expanded their product line for the iPhone SE, Apple Watch SE, iPad line has expanded. Overall, still really impressive that they’re able to pull the numbers that they do, given that we are still very much in a down economy across the U.S.
New all-time highs in every single category except iPhone and expectation-beating EPS and still Wall Street gives a 5% slide in value. 
Given where we are in the world with this pandemic, Apple did A-OK. Far from the downhill slide that sometimes is predicted around here.
"except iPhone"? That's a big one.New all-time highs in every single category except iPhone and expectation-beating EPS and still Wall Street gives a 5% slide in value.
It's a $9 Billion annual contract, not $5 Billion quarterly.
It exceeding expectations, objectively, at least at a high level...stocks don't always care about exceeding expectations in the short term.
iPad just put up its best quarter in 16 quarters and this guy comes in with this. You can't make this stuff up!
The stock has had a huge run.New all-time highs in every single category except iPhone and expectation-beating EPS and still Wall Street gives a 5% slide in value.
Look at Amazon results reported tonight as well. Apple barely exceeded last year’s results while people were buying up everything technology related to work from home and learn from home. So much so, that Apple decided to release last year’s 13’ MacBook Pros in 2020 and brand them 2020 MacBook Pros. Monitors are still on back order. Routers are in scarce supply. Decent Webcams are still on back order or available at 3x the price. Parents were bying up iPads and MacBooks for their kids to learn remotely by millions that would not have been bought in a regular year. This was the most opportune two quarters for any tech company.
Whether the kids are going to go back to in-person learning or continue learning from home remotely, all the equipment that family needed have already been bought. So, the natural question is, What will people be buying going forward. Especially if the pandemic continues for another 1 1/2 years like Tony Fauci is predicting?
at what point (uncountable billions of dollars) does making more money become meaningless?
I think Apl crossed that threshold long ago.
I think Apl crossed that threshold long ago.
It's not about the money. It's about providing a service. Something Apple does very successfully. The money comes as a result of what Apple does...not because "Tim Crook" is greedy.
Last year, one year ago, the pandemic wasn't at the state as is today, along with the economy etc. So barely exceeding last year's results is monumental.
Not really. Apple has been preparing for sales of smartphones to level out and they have successfully executed a wearables and services category. But I guess, our own individual biases will cause an interpretation of the results in a way it meets our internal paradigms.
Yes but in context, they still beat expectations overall. Again, I'm talking all-time records in every category except iPhone. iPhone was far from having its weakest quarter.
It was better in Q1 2019 and is massively down since 2014; it's rare to see any revenue charts in tech going downwards since 2014. https://www.statista.com/statistics/269914/apples-global-revenue-from-ipad-sales-by-quarter/
Second-class is right, it's a weird in between that they're squeezing away with huge iPhones and small Macs. During that time, iPhone and Mac revenue have increased.
When they start giving 100% of it away in dividends. Their dividend yield is still very low.
Q1 19 was $6.729B and it was just reported at $6.797, so no, this was better. That was also a holiday quartet, while this was July-September. Even more amazing.
The fact it’s down is completely explained by long iPad life and large screen phones. The current iPads are miles better than original models. Hate on, but at least get your numbers right.
This. This year I finally retired my ipad 2 after 9 years of service. Apple just builds great, long lasting hardware and they support it. Last year they even updated ios 9 for that GPS bug.
No don’t ignore it. Use the ignorance of misinformed sellers actions to add to your position. Remember most of your money is made during a sell off u just don’t know it yet
Not sure but I added to my position when it pulled back after hours.
Wrong. These last two quarters have been gangbuster for all tech companies, just like I explained in my post.
There was such huge demand for tech in the work-from-home / learn-from-home environment that everyone who had anything to offer in the COVID era made huge sales. Logitech can’t make enough of their cameras. The cameras that no one was buying a year ago are in such huge demand that they are selling for 3x their MSRP if you are lucky to find one. People were so desperate that they were bying cheap and crappy Chinese cameras for twice the price that decent Logitech webcams were selling before COVID hit. Monitors have been in short supply for a while. The price of monitors actually skyrocketed in April and May. Keyboards have been sold out computer mouses (hate that plural) have been sold out. This was absolutely the best time for Apple to make gangbuster sales. People who suffered financial ruin in the pandemic never bought any Apple devices anyway. People who are Apple customers did well in the work-from-home era, and they didn’t have a lack of funds to buy the equipment they needed for remote work. In fact, they bought millions of Apple gadgets that they wouldn’t have bought had it not been for COVID. And yet, Apple barely exceeded last year’s numbers.
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