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Apple Reports Q2 2013 Quarterly Results: $9.5 Billion Profit on $43.6 Billion in Revenue, Increases Dividend and Share Repurchases
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AAPL the stock is not the same as Apple the company. People need to remember this.
That's only about a percent and a half. As I said, in a market where PC sales are in freefall, that's very impressive.
Excellent point, the recent and dramatic decline in the stock price is quite fortuitous for Apple given this news. I'm sure it's just a coincidence, though.
Glad iPhone and iPad sales didn't dip. They can't just rely on those two products though. I'm sure they have something up their sleeve.
I think many people are forgetting something important:
Apple reported earnings of $9.5 billion on $43.6 billion in sales.
By comparison, Apple tallied up a higher $11.6 billion in profit on sales of $39.2 billion during the same quarter last year.
They actually made around 20% less in profits compared to the same quarter last year.
Apple reported earnings of $9.5 billion on $43.6 billion in sales.
By comparison, Apple tallied up a higher $11.6 billion in profit on sales of $39.2 billion during the same quarter last year.
They actually made around 20% less in profits compared to the same quarter last year.
Apple is increasing their stock buy back from $10 Billion to $60 Billion. Nice move on their part.
They said new products for fall and 2014? We are in the spring of 2013..So they are talking about 1 year from now what products they will have.
And Apple has yet to truly refresh their line for 2013, including their next Mac Pro.
That alone and the China growth being explosive is one of the reasons the after hours trading is popping.
They're in the pipeline.
As Tim Cook would likely say: "Yes, we have some new Mac Pros in the pipeline....<chuckles>....for those of you who still want to live in the past and own a tower computer."
I hope some of you realize that no one has been "manipulating" Apple's stock.
The $700 stock price was based on what analysts expected Apple to make in the future. Because they feel far short, it was pummeled down to $400, where it belonged.
The $700 stock price was based on what analysts expected Apple to make in the future. Because they feel far short, it was pummeled down to $400, where it belonged.
No one is forgetting this - its just not due to the company failing.
Rather they release a wildly successful, albeit less profitable new product and are competing in a maturing marketplace where price wars are starting to move in as specs/features plateau.
Apple grows its cash reserve, increases sales and revenue (growing their consumer base) - this is only good news as they move into possibly new product lines/industries (iWatch, iTV).
They also haven't released a new product this quarter - versus the release of the retina iPad last Q2 2013 - I think people are forgetting THAT.
How does this hold up with Cook's promise that there would be a new Mac Pro (or, in my opinion, the fabled xMac) by mid-2013?
Excellent point, the recent and dramatic decline in the stock price is quite fortuitous for Apple given this news. I'm sure it's just a coincidence, though.
Though this represents an acceleration, Apple has been buying back shares pretty much continuously for years, if only to offset the dilution produced by stock and option grants.
AppleScruff, actually what USED to be rational under SJ is now irrational under Cook's leadership...let's face it.
They could release a new Mac Pro in July - the 7th month of the year could technically be considered "mid-2013", but would also fall in Apple's Q4 2013.
Or, to be perfectly honest - they could release in next quarter and don't expect any real bump to affect their guidance. I can't imagine Mac Pro sales have ever really driven Apple revenues.....
You should have seen the conspiracy nut jobs at CNN who thought Samsung's illuminati connections shorted Apple's stock. It was the funniest thing ever.
Also, notice how the most paranoid people own Apple products. Alex Jones and Rush Limbaugh come to mind. Is there something about Apple products that entice weirdos and the black helicopter crowd?
Exactly. Since mobile market can go only in one direction (i.e. maturing further) Apple's next iPhone and iPad will be even less profitable and AAPL will continue going down. Until something changes (like Apple releasing "revolutionary" iWatch that someone even wants to buy) AAPL trend will not change.
But that's because they are selling less expensive products like the iPad mini. If they sell a cheaper iPhone, expect another decline in margin. That's how things work. If you want to expand sales, usually you need to do so by lowering margin.