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Apple Reports Q3 2013 Quarterly Results: $6.9 Billion Profit on $35.3 Billion in Revenue [Call Concluded]

4TheLoveOfTech said:
Apple today published its financial results for its third fiscal quarter of 2013, reporting a $6.9 billion profit on $35.3 billion in revenue. That's roughly level in revenue terms with last year's $35 billion revenue, but profit was down a massive 21.6 percent from the same period's $8.8 billion.

Depends if you think a 21.6% decline in profit is doomed?

Source: The Verge
http://www.theverge.com/2013/7/23/4548946/apple-q3-2013-earnings

Should be interesting to hear Tim explain this during the conference call.
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LOL there it is. Yes with their $150B+ of cash, they are undoubtedly doomed. I love talking points.
 
crossifixio said:
Not sure whats going with stock price but its shooting up!
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Apple stock is suppressed right now and easily could be up in the $600+ range. It has a low P/E for a tech company (at 10.0 right now). Granted, 10 is higher than what has historically been healthy for a company but it's low compared to many other similar companies. The results from this past quarter are very solid and while not meeting external expectations, are indicative of a good quarter (especially since not much new came out).
 
Konrad9 said:
Samsung made $8.5 billion in profit. Smaller profit margin, but more profit.
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Yeah but Samsung sells a whole lot more than just consumer electronics. They practically have their hands in every industry these days.
 
Konrad9 said:
Samsung made $8.5 billion in profit. Smaller profit margin, but more profit.
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Yeah, but you know how big Samsung is. They make lots of different things. Also, revenue is way higher for Samsung. Apple is doing good for a "computer" company with limited products.
 
mytakeontech said:
I don't expect stock to go up anytime this summer. This 5% upside is just quick reaction to "beat".
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The beat on EPS was only about 2.5%, which normally isn't enough to bounce the stock. But given the big fall off last year's highs, most of the bad news was already baked into the share price. Under those conditions, it doesn't take much to generate a relief rally.
 
I'm at work so can't listen to the stream..

I thought it was supposed to start at 5 but no one's talking about it..has it not started yet?
 
neuropsychguy said:
Apple stock is suppressed right now and easily could be up in the $600+ range. It has a low P/E for a tech company (at 10.0 right now). Granted, 10 is higher than what has historically been healthy for a company but it's low compared to many other similar companies. The results from this past quarter are very solid and while not meeting external expectations, are indicative of a good quarter (especially since not much new came out).
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I particularly like Amazon's 3,200+ P/E ratio, versus Apple's 9.x
 
JAT said:
Mac is only 14% of Apple. No wonder it can't make headway in worldwide PC market.
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Last estimate was that Apple is making 45% of all profits in the worldwide PC market. So much for not making headway. Apple is by far the most profitable PC maker, far ahead of Dell, which is way ahead of everyone else.
 
BornAgainMac said:
I think Apple's best products are the Macs. Too bad they aren't at 50% or higher. No Samsung product running Windows or Chrome OS can touch it.
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You are quite wrong. I moved from the 17"MBP which cost me around $3000 after I got tired of the bad bettery life, heat and slow performace to a 17" Samsung Series 7, and I can guarantee that it outperforms the MBP in both speed, battery performace and it runs much cooler.
You can find many very good PCs out there if you look. Just take the fanboy glasses off. It might save you some serious $$$
 
Gross margin of around 37 percent is good; it was like this for years - only recently did gross margin rocket to above 40 percent. Apple has been investing in new production techniques, materials, and been paying higher wages for Chinese workers.
 
If that pattern in the graph continues the we could expect a boom pretty soon through Q114
 
Last year the iPad had not long been updated, this year it is near to an update. I'm not too surprised there has been a drop.
 
Rogifan said:
If its so worrying why is the stock up? This is Apple we're talking about. Not like Wall Street has been loving their stock lately.
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Relief rally. Not to forget, AAPL is off its highs by 40%, and that's a lot more than profits have dropped. Last year AAPL was priced for perfection. Today, it's priced for disaster.
 
Rogifan said:
If its so worrying why is the stock up? This is Apple we're talking about. Not like Wall Street has been loving their stock lately.
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Really? I'm embarrassed that you even asked such a question. Since when do knee-jerk stock market reactions have anything to do with a thorough reading of the numbers?
 
zedsdead said:
I really hope Apple goes back to a more scattered release schedule of products. Having nothing for 6-8 months and then everything all at once is not the greatest strategy to do each year.

Maybe next year it will be more spread out. It was nice having iPad updates early in the year, iPhone mid year, iPod/iTunes in the fall, and Macs throughout.

And those Mac numbers are depressing, but expected given its lack of focus.
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The problem is that anything that sells stupidly well at Christmas is best released right before the shopping season. When your loved ones go to buy you the "next great thing" they don't want to be told that the iPad is 8 months old, but this shiny tablet from brand X was just released last week. You may not end up with your iPad.

I'm pretty sure big ticket items over a grand have remained rather scattered, right?
 
Hastings101 said:
Nothing surprising, except for the iPad sales going down. I thought they'd keep climbing?
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Remember the 3rd generation iPad was released in the spring of last year. And no one really expected the 4th generation would come so quickly.
 
ElTorro said:
You are quite wrong. I moved from the 17"MBP which cost me around $3000 after I got tired of the bad bettery life, heat and slow performace to a 17" Samsung Series 7, and I can guarantee that it outperforms the MBP in both speed, battery performace and it runs much cooler.
You can find many very good PCs out there if you look. Just take the fanboy glasses off. It might save you some serious $$$
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I assure you my "fanboy glasses" are off when I ask this. Are you surprised that a newer computer outperformed an older one? Especially in a category that is seeming rapid chip iterations with increased power, and decreased power consumption? Unless you want to tell us that both models of computers that you purchased were designed at the same point in time, and both were either the high or low end models. Since you don't have you fanboy glasses on, I'm sure I don't have to tell you that would be an unfair comparison :)
 
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