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Apple Reports Q4 2010 Profit of $4.31 Billion on $20.34 Billion Revenue, Best Quarter Ever

Has anyone got the audio feed working?

Dashboard world clock makes it 2PM PST.
 
jav6454 said:
Why would there be a $20 downturn? Call me stupid or what not, but such strong numbers should be indicative of strong sales and henceforth would make it obvious to buy more Stock.
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I'm not an expert investor, but I believe the recent high prices of AAPL were in part due to investor expectations that Apple was on track for a better quarter than they had. So now that the numbers are out, the stock will correct itself back to where it "belongs." That's probably an oversimplification, but I don't think it's inaccurate.
 
jsbaugh said:
So 4 million ipads in the 3rd qtr? What did they sell in the 2nd qtr? 3 million? 7 million for the year so far.
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Yeah that's 7 million IPADS so far this year!!!! That's a lot of IPADS and nobody can keep up with them! Once the Ipad 2 comes out next April, its all over!
 
ActionJax said:
I'm not an expert investor, but I believe the recent high prices of AAPL were in part due to investor expectations that Apple was on track for a better quarter than they had. So now that the numbers are out, the stock will correct itself back to where it "belongs." That's probably an oversimplification, but I don't think it's inaccurate.
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It was cheap at $318, so a definite buying opportunity below $300
 
iKrl said:
tried on a mac and on an iphone and it wont work
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File not found on the URL. Was working earlier (playing classical music) then dropped out 15 minutes before showtime. Hope they fix it, I prefer to listen live...

Edit: They updated the URL to a new server, now working fine. Bet there was some last-minute panic at their end.
 
ActionJax said:
I'm not an expert investor, but I believe the recent high prices of AAPL were in part due to investor expectations that Apple was on track for a better quarter than they had. So now that the numbers are out, the stock will correct itself back to where it "belongs." That's probably an oversimplification, but I don't think it's inaccurate.
Click to expand...

Make sense, thanks. Also, I would have not sold. I would have kept the stock.
 
tripjammer said:
Yeah that's 7 million IPADS so far this year!!!! That's a lot of IPADS and nobody can keep up with them! Once the Ipad 2 comes out next April, its all over!
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All over? Even if Apple sold 20 million iPads next year it would be far from all over. ;)

It wasn't long ago that people were saying the iPhone had an unstoppable lead in the marketplace with its smartphone. Apple is now number two in terms of marketshare, and will soon have Microsoft coming at them with its partners and business customers.
 
longofest said:
I don't know about "cheap" at $318, but yes, under $300 is a buying opportunity considering all of the distribution points set up for the iPad for holiday season.
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Unless these iPad sales are hurting margins... then they help revs but hurt profits and we get the same luke-warm reaction from the street next quarter...
 
they just said they could have sold more iphones had they been able to make them.
 
It's working for me now. Thanks all.

125m iOS device sales in total.
 
I don't think anyone dreamed that Apple would sell 7m Ipads in the first two quarters. That is pretty unheard of for a new product that basicly created a whole new market.
 
Unspeaked said:
They missed on iPads - that was a pretty important number. Wonder how it will trade when things resume at 4:50 EST?
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Says who? Aple never predicted the number of iPads they would sell this quarter. How do you know they "missed"?
 
MacRumors said:
"We are blown away to report over $20 billion in revenue and over $4 billion in after-tax earnings - both all-time records for Apple," said Steve Jobs, Apple's CEO. "iPhone sales of 14.1 million were up 91 percent year-over-year, handily beating the 12.1 million phones RIM sold in their most recent quarter. We still have a few surprises left for the remainder of this calendar year."
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Oh Steve... You're such a tease!
;)
 
jav6454 said:
Why would there be a $20 downturn? Call me stupid or what not, but such strong numbers should be indicative of strong sales and henceforth would make it obvious to buy more Stock.
Click to expand...

Market makers and day traders always sell on good news. the stock goes up and there are a ton of sellers trying to make a quick buck hence the price drop. it will correct itself though.
 
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