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Apple Reports Record 1Q 2011: $6 Billion Profit on $26.74 Billion in Revenue
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Revenue and profit numbers for the December quarter is slightly ahead of the bullish analyst forecasts.
What I find more interesting is the forecast for the next quarter:
“Looking ahead to the second fiscal quarter of 2011, we expect revenue of about $22 billion and we expect diluted earnings per share of about $4.90.”
This must be the most bullish March quarter forecast I have ever seen from Apple. Basically, the expectations for the next quarter is almost in line with the analyst consensus estimates for the past quarter ($24.4B & $5.42/share)!
What I find more interesting is the forecast for the next quarter:
“Looking ahead to the second fiscal quarter of 2011, we expect revenue of about $22 billion and we expect diluted earnings per share of about $4.90.”
This must be the most bullish March quarter forecast I have ever seen from Apple. Basically, the expectations for the next quarter is almost in line with the analyst consensus estimates for the past quarter ($24.4B & $5.42/share)!
Because they want an Iphone 4 now...Iphone 5 is in late june or July...thats 5 to 6 months from now...not 4.
Why would somebody by a new Mac now when the next gen macs are right around the corner.
The verizon customers are hoping they will be able to upgrade to the Iphone 5 when it comes out....but they won't be able to....ATT people will though...and least those in the first year contracts who bought their Iphone 4s before the end of 2010.
Do some research. There still is going to multitasking, what you probably didn't comprehend was the fact that you can't use data and voice simultaneously.
Revenue: $26.74 vs. $24.4 billion consensus, $25.5 billion "high" Street estimate
EPS: $6.43 vs. $5.38 consensus, $6.02 "high" Street estimate
iPhone shipments: 16.24 million vs. 15.5 million consensus
iPad shipments: 7.33 million vs. 6.2 million consensus
Mac shipments: 4.1 million vs. 4.3 million consensus
iPod shipments: 19.45 million vs. 20.3 million consensus
March revenue guidance: $22 billion vs. $20.6 billion Street consensus, anything over $20 billion solid
March EPS guidance: $4.90 vs. $4.43 Street consensus, anything over $3.92 solid
EPS: $6.43 vs. $5.38 consensus, $6.02 "high" Street estimate
iPhone shipments: 16.24 million vs. 15.5 million consensus
iPad shipments: 7.33 million vs. 6.2 million consensus
Mac shipments: 4.1 million vs. 4.3 million consensus
iPod shipments: 19.45 million vs. 20.3 million consensus
March revenue guidance: $22 billion vs. $20.6 billion Street consensus, anything over $20 billion solid
March EPS guidance: $4.90 vs. $4.43 Street consensus, anything over $3.92 solid
Apple continues to make me look like a champion for me when I insisted my money manager put a good chunk in on AAPL when it was around 80. Thanks!
Yeah i remember when apple was way less than $80....The best time to get in was just before Steve Jobs came back in the late 90's or right before the IPOD was released.
1. It works in places AT&T doesn't. Like on DC metro system.
2. Theoretical download speeds may be 35% slower. Practical speeds are actually faster in quite a few areas. For instance, a couple of weeks back when I was at las vegas with my AT&T iphone 4, , with full bars and 3G, the download speeds were atrociously bad!
3. People will buy one it for the same reason why folks bought it last month or will buy next month with AT&T, though a newer one will be out in 6 months. There will always be newer one in few short months.
They just crushed it. Again. Knocked it out of the park.
Here's EPS
Apple's forecast: $4.80
Consensus: $5.38
Bloggers: $6.32
Bullish Cross (Andy Zaky): $6.29
Actual EPS: $6.43
Here's EPS
Apple's forecast: $4.80
Consensus: $5.38
Bloggers: $6.32
Bullish Cross (Andy Zaky): $6.29
Actual EPS: $6.43
Does anybody really think that Apple will answer yes to this question? Why do they even bother asking?
Just had to add this taken from a Barron's article minutes ago
"Apple generated $9.8 billion in cash from operations in the quarter, and the total of cash & equivalents, and short- and long-term marketable securities was $59.6 billion at the quarters end."
Phenom numbers for 1 quarters worth of work
Luv ya aapl - trading both ways
"Apple generated $9.8 billion in cash from operations in the quarter, and the total of cash & equivalents, and short- and long-term marketable securities was $59.6 billion at the quarters end."
Phenom numbers for 1 quarters worth of work
Luv ya aapl - trading both ways
Apple is on fire! It will be interesting to see how they do this year as competitors try to catch up in the tablet market (so far I'm not impressed with any other tablet).
They should seriously consider purchasing something huge with all of that cash they have laying around. A merger of Dropbox and MobileMe would be nice.
Just... wow.
And all this in the middle of The Great Recession no less.
Although I guess it shouldn't be a total surprise. I've been an Apple customer since the mid-90's. Right now I have an iPhone 4, an iPad, and an iMac (Summer 2010) and all I can say is damn, these are some very nice machines!
What I love is that despite all the rhetoric you read on web forums, etc. at the end of the day, customers will vote with their wallets. Apple puts out great products that are priced competitively (notice that the competition isn't trying to undercut the iPad's price), with smart marketing that gets the message out.
People can argue this all they want but at the end of the day, the proof is in the numbers. Until competitors can put together a product that delivers a better experience or a demonstrably better value for their money, customers will keep buying Apple.
And all this in the middle of The Great Recession no less.
Although I guess it shouldn't be a total surprise. I've been an Apple customer since the mid-90's. Right now I have an iPhone 4, an iPad, and an iMac (Summer 2010) and all I can say is damn, these are some very nice machines!
What I love is that despite all the rhetoric you read on web forums, etc. at the end of the day, customers will vote with their wallets. Apple puts out great products that are priced competitively (notice that the competition isn't trying to undercut the iPad's price), with smart marketing that gets the message out.
People can argue this all they want but at the end of the day, the proof is in the numbers. Until competitors can put together a product that delivers a better experience or a demonstrably better value for their money, customers will keep buying Apple.
And that doesn't count the people waiting for the next MBP refresh, Verizon iPhone 4, and iPad 2.