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Apple Reports Q4 2010 Profit of $4.31 Billion on $20.34 Billion Revenue, Best Quarter Ever
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I'd agree with you except that this run up and then drop after announcement happens again and again with Apple. Basically this is what I think is going on: everyone knows that Apple regularly makes announcements that are game changers (see introduction of iPod, iPhone and iPad). So people buy Apple's stock right before any announcement. Then they wait and listen to the announcement. The stock then drops after the announcement because these buyers are always disappointed. That is because they think they can recognize a game changing announcement but in fact they can't. So the iPhone gets announced and it clearly makes every other phone on the planet obsolete, but stock doesn't double immediately like in retrospect it should have because the analysts can't recognize the game changing announcements when they happen. So they sell after the announcement.
In this case, what were these guys waiting for? Maybe they were hoping that Apple would announce that they had secret iPad manufacturing plants running day and night and selling to a secret market and thereby actually sold 8 million iPads last quarter. When that didn't happen, the speculators jumped ship. They will be back and they will buy up the stock before the next announcement. This was another great quarter, definitely puts the current stock on track to be selling at EPS of 18 or so by next year and probably 12 or so by the year after that. That is what you need to know.
Anaylyst are like critics. It takes no experience to be one; just a blog these days will do. They can make up any outrageous number they want. It doesn't mean Apple ever intended to sell that many iPads, or even if it was physically possible, due the the inventory constraints expeinced ealrier in the quarter.
Beliving everything you read on the internet is more indicitive of being a teenager, as opposed to pointing out facts.
Fact remains: Apple missed estimates (estimates made up by know-nothings living in their parents basements playing XBox 360 and drinking Mountain Dew in between blogging, according to you) and we're looking at... yes, that's right, back under $300 a share after hours.
You don't get it do you? Analysts pegged a number that Apple didn't meet. Because it didn't meet that number, people that were expecting them to sold the stock. Apple's guidance is irrelevant. The only thing that is relevant is what the market expected and that goes to the analysts.
P-Worm
Yeah I guess all those people working at investment firms wasted their years at college and university when apparently all they should've done was register a domain at godaddy.
Any doubts that MS and all other PC-wannabe players are DEAD?
Apple is:
- the world's BIGGEST IT company and second largest among all industries;
- the LEADER in PC sales in the US (including of course the iPad, absolute leader in tablets);
- creator of the world's BEST OS;
- creator of the world's BEST SMARTPHONE;
- creator of the world's BEST TABLET;
- creator of the world's BEST MEDIA PLAYER.
I already had Macs when everybody was laughing about that "beleaguered" company back in the 90s...what about you? You may eat some crow now, PC fanboys...
Another blowout quarter, and just more money in the bank to buy Adobe and put it out of its misery...do it, SJ, make our day!
Apple is:
- the world's BIGGEST IT company and second largest among all industries;
- the LEADER in PC sales in the US (including of course the iPad, absolute leader in tablets);
- creator of the world's BEST OS;
- creator of the world's BEST SMARTPHONE;
- creator of the world's BEST TABLET;
- creator of the world's BEST MEDIA PLAYER.
I already had Macs when everybody was laughing about that "beleaguered" company back in the 90s...what about you? You may eat some crow now, PC fanboys...
Another blowout quarter, and just more money in the bank to buy Adobe and put it out of its misery...do it, SJ, make our day!
Steve doesn't lie. He throws chairs. I assume you are talking about Ballmer, aren't you?
I'm sure someone will beat me to this, but you do realize don't you that an iPad you buy today will 'multi-task' in November.
Steve Jobs - "TwitterDeck" (probably TweetDeck) revealed that it had to contend with over 100 different versions of Android in developing its app. Compare to Apple with two different versions.
That's a load of crap Steve. In order to ship an app for iPhone it must be tested on three three different types of hardware, three different screen resolutions and in both multitasking and non-multitasking environments. In order to maximize sales it needs to be compatible with iOS 3.x and 4.x including 4.2 betas.
Sure Android is worse, but such extreme exaggeration won't help you win any arguments.
Steve Jobs - - Commenting on avalanche of tablets heading to market. Just a handful of credible entrants. Almost all use 7" screen, compared to iPad at nearly 10" screen. 7" screen is only 45% as large as iPad's screen. Hold an iPad in portrait view and draw a horizontal line halfway down. What's left is a 7" screen...too small. There are clear limits to how close elements can be on the screen before users can't touch accurately. We believe 10-inch screen is minimum necessary.
So elements aren't too small on a 3.5" screen?
So a device that's so big it needs its own bag is truly go-everywhere portable?
I think you're blowing smoke, but in case you truly believe that there's no gaping hole in your lineup between 3.5" and 9.7" then I've purchased my last iOS device.
That's a load of crap Steve. In order to ship an app for iPhone it must be tested on three three different types of hardware, three different screen resolutions and in both multitasking and non-multitasking environments. In order to maximize sales it needs to be compatible with iOS 3.x and 4.x including 4.2 betas.
Sure Android is worse, but such extreme exaggeration won't help you win any arguments.
Steve Jobs - - Commenting on avalanche of tablets heading to market. Just a handful of credible entrants. Almost all use 7" screen, compared to iPad at nearly 10" screen. 7" screen is only 45% as large as iPad's screen. Hold an iPad in portrait view and draw a horizontal line halfway down. What's left is a 7" screen...too small. There are clear limits to how close elements can be on the screen before users can't touch accurately. We believe 10-inch screen is minimum necessary.
So elements aren't too small on a 3.5" screen?
So a device that's so big it needs its own bag is truly go-everywhere portable?
I think you're blowing smoke, but in case you truly believe that there's no gaping hole in your lineup between 3.5" and 9.7" then I've purchased my last iOS device.
Any doubts that MS and all other PC-wannabe players are DEAD?
Apple is:
- the world's BIGGEST IT company and second largest among all industries;
- the LEADER in PC sales in the US (including of course the iPad, absolute leader in tablets);
- creator of the world's BEST OS;
- creator of the world's BEST SMARTPHONE;
- creator of the world's BEST TABLET;
- creator of the world's BEST MEDIA PLAYER.
I already had Macs when everybody was laughing about that "beleaguered" company back in the 90s...what about you? You may eat some crow now, PC fanboys...
Another blowout quarter, and just more money in the bank to buy Adobe and put it out of its misery...do it, SJ, make our day!
Ugh.
The iPod and iPhone are not "tablets". They are palm sized devices. He believes 10" for a "tablet" is the perfect size.
-Kevin