The only people who really need computers anymore are video editors and app developers, those people will buy mac. Still not too many of them.
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Apple Reports Best Quarterly Results Ever in Q1 2013: $13.1 Billion Profit on $54.5 Billion in Revenue [Call Ended]
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The only people who really need computers anymore are video editors and app developers, those people will buy mac. Still not too many of them.
Just curious what other publicly traded company, besides Exxon Mobile, reports quarterly profits of $13 billion? I get why the stock is down, but it does blow my mind that you can report $13 billion in quarterly profit and your stock drops 6%. 
Did not meet expectations and the fact that they have so much of their money tied to the iPhone and profit per phone is dropping as the top end phone (aka iPhone 5) is losing sells to the iPhone 4s and 4 which have less profit per phone.
Sorry video editors are and have left Apple a long time ago. Apple already said FU to that market.
The only real group that has to buy macs any more is people who want to develope for iOS. Other wise not so great.
Buy on the rumor sell on the news. Trading 101Just curious what other publicly traded company, besides Exxon Mobile, reports quarterly profits of $13 billion? I get why the stock is down, but it does blow my mind that you can report $13 billion in quarterly profit and your stock drops 6%.
Just curious what other publicly traded company, besides Exxon Mobile, reports quarterly profits of $13 billion? I get why the stock is down, but it does blow my mind that you can report $13 billion in quarterly profit and your stock drops 6%.
The stock always seems to g down after these results - has done for years.
Who cares what the market does. The investors are like rats on a pirate ship. They bare no relationship to the actual health and future of a company.
All I see is a great company with top design and build quality, it doesn't matter a jot what the stock prices are doing.
All time profit records is amazingly good. Despite this the Stock is down because investors are selling no matter what as they can buy back same stock after it has fallen. It's gaming the system and devalues all companies and is why the stock market system keeps crashing making hard working counties broke. Do you really think the Greek caused their own financial crisis, nope they work no less hours than any country, it's down to the theifs at the exchanges making money off of other people's hard work. Crooks the lot of them.
All I see is a great company with top design and build quality, it doesn't matter a jot what the stock prices are doing.
All time profit records is amazingly good. Despite this the Stock is down because investors are selling no matter what as they can buy back same stock after it has fallen. It's gaming the system and devalues all companies and is why the stock market system keeps crashing making hard working counties broke. Do you really think the Greek caused their own financial crisis, nope they work no less hours than any country, it's down to the theifs at the exchanges making money off of other people's hard work. Crooks the lot of them.
It is refreshing to see a post like this among the dozens of armageddon posts. I haven't had the stock forever, about a couple of years, but I still kick myself for not playing the sell game sometimes.
The stats sheet still looks too good to dump the stock now though.
I guess a rational person like me will never understand the irrationality in the market.
By who, Intel? The government will never allow that because it would officially be a monopoly at that point.
Exactly.
I see people here complaining that all Apple did was miss some analyst expectation. Guess what? It's that analyst expectation that original allowed the stock to hit $700 and it's the same thing that's bringing it down now.
They missed last quarter, as well. The die-hards said the same things then. "The numbers are great, it's only some imagined analyst (excuse me, analyst) numbers that they missed. They're doing fine!"
Yet the stock price never rebounded from that (especially notable at a time when the DOW and S&P were at multi-year highs and competitors like Amazon were reaching all-time highs) and if reaction tonight is any indication, it may be flirting with 52 week lows before the end of the month.
You can complain about analysts all you want, and unrealistic expectations they set and all of that stuff, but at the end of the day Apple has clearly not been a good investment over the past six months and based on the overall market and strong competition, I don't see that changing in the near future. "Best results ever" or not.
it's not so much that they "missed" estimates, it's their guidance that disappointed.
And photographers and muscians and artists and designers and illustrators
and architects and game developers and programmers...
Many of whom are leaving the building after years of being treated like mushrooms.
Kept in the dark and fed a load of BS.
Not to many of them? Gee, I wonder why?
They were trying to catch but still failed. There is still a much bigger phones and smaller tablets on the market
Where do you get this stuff? THis quarter ended 24 straight quarters where the growth in mac sales outpaced PC sales. 24 quarters, Mr. Prime.
Why does any business need year on year growth? Come on people, how sustainable is that in the real world?
Apple are continuing to make record profits, are ridiculously cash rich and most certainly not in decline. The bald figures show an extremely healthy company right now.
Bloody stock market. Load of fairy tale nonsense and one of the most destructive inventions we've come up with thus far.
Apple are continuing to make record profits, are ridiculously cash rich and most certainly not in decline. The bald figures show an extremely healthy company right now.
Bloody stock market. Load of fairy tale nonsense and one of the most destructive inventions we've come up with thus far.
In your bashing of Apple you forgot to mention that those "expert" analysts lowered those expectations recently, since they got it massively wrong (that bit's actually in the title of the article you linked).
The stock market to the un-initiated, seems to work in mysterious ways. I've noticed that quite often, when a certain stock in general, is expected to do well, it goes down, and vice versa. I think it's because 'we' think here and now, whereas investors think long-term, and look mostly at future indicators.