Missed iPhone sales estimates. Only $2.64B in "other" category = weaker than expected watch sales. Lower than expected Q4 guidance, even after taking into account that Apple sandbags their guidance.
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Apple Reports Q3 2015 Earnings of $10.7B on $49.6B Revenue: 47.5M iPhones, 10.9M iPads, 4.8M Macs
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Good thing you wrote "IMO" because the person with no data is another person with just... an opinion. (Paraphrased from W. Edwards Deming).
IMO, Apple sold exactly 23 (yes, 23) Apple Watches. No, I don't have any data, so that's IMO and it's probably just as accurate as your opinion.
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If they were good they would have released the Watch sales numbers. no matter what tim said...
They were rather brave in forecasting "mother of all upgrade cycles" or something like that with the iPhone 6 and 6+. Obviously they were right, it's been an outstanding fiscal year for AAPL.
Your absolutely right about the risk though. If sales start dropping on the iPhone it really pulls the rug from underneath the stock. That being said, it's still the best phone on the market with the most satisfied customers and most valuable brand so doom may not yet be upon it.
Good thing you wrote "IMO" because the person with no data is just another person with just... an opinion. (Paraphrased from W. Edwards Deming).
IMO, Apple sold exactly 23 (yes, 23) Apple Watches. No, I don't have any data, so that's IMO and it's probably just as accurate as your opinion.
Thats exactly 15 more than I've seen in the wild...
As a new product an category which needs to mature and be perfected, they did the smart thing and not say anything about it. And, said they wouldn't. Why tell SAMSUNG aka the competition if it's worth copying?
What does selling well mean? Millions is not selling well? They only are just rolling out sales internationally.
Don't know whether you bought one or will (I will not for now or maybe never), but you know as little as everybody about the actual sales.
My guess is tat once the category is established for Apple and worth keeping, we will see numbers.
Maybe you would have...because your word is not to be trusted.
This is a boring, familiar routine when it comes to Wall Street's idiotic reaction. Each quarter's earnings are a record, but they rarely meet the ridiculous expectations of some of the so called analysts, so the stock initially drops 5-8%. It always rebounds back to near where it was within a week or so though.
Well when iPhones, iPads, and iPods came out I saw a lot of them in the wild, even when first released. I have only seen two Apple watches in person. A friend owns one. No one (that I encounter) seems to care about it. Looking at Apple products popularity in the past this can't be a good sign. No need to get offended by my opinion, because it's just that..Good thing you wrote "IMO" because the person with no data is just another person with just... an opinion. (Paraphrased from W. Edwards Deming).
IMO, Apple sold exactly 23 (yes, 23) Apple Watches. No, I don't have any data, so that's IMO and it's probably just as accurate as your opinion.
They said back in October that they wouldn't. Luca Maestri told the AP that after 9 weeks it had outsold the iPhone and iPad. We know it took the iPhone 74 days to sell 1 million. The iPad sold 3.27 million in its first 12.5 weeks.
That's actually pretty good, given it's only been shipping for 2+ months.
People forget that Apple only sold 1.39 million iPhones in the FIRST TWO quarters it was available.
http://www.dailydot.com/technology/apple-watch-sales-perspective/
1. If Apple is doing it, it is a very safe bet Sumsung is copying it. (not to mention Samsung was in the category before Apple)
2. Keeping the number of units sold hidden in an "other" category does nothing to throw off the competition.
3. Apple TV numbers should probably be broken out by now or, at worst, after the next refresh/major content deal by your logic.
Look at that pie chart. It's a clear indication why Apple is very "protective" of their iPhone line and also why they have needed to be aggressive in the space. It's not news, of course. We've know for a long time now that the iPhone is really their bread and butter.
Lots of Chicken Littles running with their heads cut off. The AAPL PE ratio still looks decent compared to other large companies even if iPhone sales completely stall.
I saw as many iPhones in the wild the first week or less as Apple Watches in the last qtr.
I've seen quite a few Apple Watches in the wild. See how anecdotal evidence works?
People also forget that the original iPhone sold for $599 with no subsidy and only on the AT&T network.
They've posted the Watch numbers mixed in with Other (iPod & accessories, etc.). That number seems to be up only around $1B even with declining iPod sales.
Yeah.. and the APPL valuation when iPhone was first introduced was only a fraction of the current price, and US only. Apple Watch should do much better than iPhone, it is better but nowhere near good enough for a global launch.
Actually, Apple stopped "sandbagging" its guidance after Luca Maestri took over as CFO. Also, the consensus on the iPhone was 47 million, so 47.5 million was "in line," though some analysts guided higher. The consensus forecast for Q4 was $50.8 billion, so Apple's range of $49-$51 billion is slightly lower.
Apple already said that the Watch sales were greater than the increase in Other from last quarter because iPod and accessory sales declined. Luca Maestri told the AP that sales after 9 weeks were greater than the iPhone and iPad. We know that it took 74 days for the iPhone to hit 1 million, and the iPad sold 3.27 million in its first 89 days on the market. That suggests that Watch unit sales are probably close to expectations, but perhaps the mix is more toward the Sport than analysts were expecting. Apple is obscuring the data so we don't know for sure.
I wasn't offended at all! (Note the wink emoticon in my first reply to you). I was just pointing out your opinion, and I shared my own.
I don't doubt anything you said above^^^, but what if I said that I've seen 23 Apple Watches in my building alone, and everyone (that I encounter) really loves it...? My experience wouldn't reflect reality at all, just like your experience (like seeing only 2 Apple Watches, and no one seems to care about it) doesn't reflect reality either. Your experience is just an anecdote, and one anecdote (including mine) rarely reflects reality.
BTW, I'm not attacking you. Just sharing my opinion.
Its nowhere near doom but they need to start thinking about it.. its starting to remind of Microsoft's love affair with Windows as their cash cow.