Apple Reports Q3 2014 Results: $7.7 Billion Profit on June Quarter Record $37.4 Billion in Revenue [Call Complete]

[Eric5h5]

It is also without Bluetooth LE, GPS, a camera flash

Really? I wonder what the bright light that goes off when taking pictures is, then....

--Eric

 

[TC03]

My question is what do they do with all the profits???

Secure long term profitability and sustainability of the company.

 

[JoEw]

Tablet market is saturated? Mac Sales were up and Ipad sales were down slightly. Which has the higher margin? Also with iPads people tend to want to get them when they first come out but then they are less of a need so people don't get them particularly late into the cycle. This is why I think it is suspicious for Apple to be releasing them at Christmas time instead of during the summer.

I want to know how many iPad buyers are upgraders.

My dad has been using his iPad 2 since its release in 2011, close to upgrading but it is still just as good as ever for him.

 

[ThatGuyInLa]

Apple continues to be a phone company that sells computers.

Well, kind of sells computers.

 

[Larry-K]

Well, at least Macs are only slightly behind iPads.

 

[Rocketman]

And yet Microsoft didn't beat (I believe it came in at $0.55 when the consensus was $0.60) yet that stock is up after hours.

Nokia (neagtive impact). The stock is up $10 after a lost decade (Balmer).

 

[aPple nErd]

Noticed that too. Come to think of it, I don't know anyone who has replaced the iPad they have, wonder if the masses are not upgrading at all. Mine is iPad 2 and I haven't seriously thought of replacing it...functions too well!

I know what you mean! My almost 3 year old iPad 2 works perfectly fine. No need to upgrade.

apple has a serious issue. they make their products too durable and well built lol

 

[Applequeen23]

Back to school promo
Black friday promo
& the launch of new products.

 

[Rocketman]

I would sooner wait for an asteroid to strike my house.

"You can look for that." - Larry Brown, EJ

Ironically asteroids strike your house all day long in the form of dust. You need wait no longer.

 

[Rogifan]

On the earnings call Tim Cook said the 100+ apps being developed with IBM will be designed using Swift.

 

[kdarling]

The margin is the important news. It will go UP next quarter as Apple introduces higher margin iPhone6 and iTime devices.

In the call, Apple predicted a lower margin for next quarter.

(Between 37% and 38%, versus the 39.4% for last quarter)

 

[TechZeke]

Noticed that too. Come to think of it, I don't know anyone who has replaced the iPad they have, wonder if the masses are not upgrading at all. Mine is iPad 2 and I haven't seriously thought of replacing it...functions too well!

Unlike iPhones, iPad aren't on a 2 year upgrade cycle. Also, with iPads, you are forking over the entire $400-$500(keep in mind that is the average price people pay for laptops. Mac users like on this forum seem understandably to forget this allot) in cash vs $200(and even less nowadays) with a contract iphone.

The average consumer also only needs to run games and movies on their iPads, which even ipad 2 does with ease, not high end productivity apps. Even my mother still uses the iPad 1st gen to watch movies.

People are upgrading iPads like laptops.

 

[Rogifan]

Nokia. The stock is up $10 after a lost decade.

And the one piece of Nokia with the most sales Microsoft is basically shutting down. Why did they buy Nokia again?

----------

Well I can certainly understand why Apple doesn't care about computers anymore after looking at their sales.

Mac sales are up.

 

[smithrh]

Cook's number 1 overused word is "excited."

"Incredible" is a close number 2.

Screw the branding, find a dictionary...

 

[AdonisSMU]

Unlike iPhones, iPad aren't on a 2 year upgrade cycle. Also, with iPads, you are forking over the entire $400-$500(keep in mind that is the average price people pay for laptops. Mac users like on this forum seem understandably to forget this allot) in cash vs $200(and even less nowadays) with a contract iphone.

The average consumer also only needs to run games and movies on their iPads, which even ipad 2 does with ease, not high end productivity apps. Even my mother still uses the iPad 1st gen to watch movies.

People are upgrading iPads like laptops.

iPhones/iPads I update each year. I use the money that would otherwise go to drinking. Macs are on a every other release upgrade cycle for me.

 

[iSee]

How could the dividend payment be $3.29 per share, just like it was before the stock split 7-1? Certainly this is not split-adjusted?

Right, it's not split adjusted.

 

[AdonisSMU]

I want to know how many iPad buyers are upgraders.

My dad has been using his iPad 2 since its release in 2011, close to upgrading but it is still just as good as ever for him.

Same with my dad. Ohhh wait I purchased his iPad 2 and iPhone 5c for him. LOL!

 

[vinny3101]

Nice job Apple! Just think this was without any new product announcements. Can't wait to see the results for when they release a slew of products.

At this point they'll release the iPhone 6'and that's it

 

[smithrh]

In the call, Apple predicted a lower margin for next quarter.

(Between 37% and 38%, versus the 39.4% for last quarter)

Just for a baseline - those are crazy high margin rates for a hardware company that's pretty close to giving away most of their software.

 

[Larry-K]

Secure long term profitability and sustainability of the company.

i.e. put them in the bank and gloat.

 

[Piggie]

"Investing in exciting new products in the pipeline"

Well, we're all waiting on this type of remark for a LONG time now.

We all see new interesting things coming from many other companies, and even new companies bringing innovative things to customers.

What's Apple doing?

It better not be yet another tweaked re-hash of the same old products.
It's really starting to get more and more noticeable as time goes on.

 

[AdonisSMU]

At this point they'll release the iPhone 6'and that's it

Development for the iPhone with an iPhone.

 

[Mtmspa]

It's just too damn hard to do any work on it. I could probably do most of my job on it, but it would just take a lot longer than using a laptop.

That has zero to do with sales. How does that samsuck tablet work for you?

 

[Joe HS]

Really? I wonder what the bright light that goes off when taking pictures is, then....

--Eric

Apologies.

 

[Karma*Police]

It will be interesting to see what Apple does with iPads this fall. A CNBC reporter talked to Cook today and Cook told them he was excited by what Apple has planned for iPad. Of course I wouldn't expect him to say any different, but with larger iPhones coming out that could eat into iPad share I think Apple will need to do more than bump the internals and add Touch ID. Maybe we'll see more on the software side specific to iPad.

I agree. I think Apple needs to differentiate the product line a lot more, especially with larger screen iPhones around the corner. Maybe something that sits in between iPhone and mac in terms of functionality