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Wow, NO questions about Steve's health?

I think Cook addressed it in this answer.

Cook: "In my view, Apple is doing its best work ever. We are all very happy with the product pipeline. The team here has an unparalleled breadth and depth of talent and innovation that Steve has driven in the company, and excellence has become a habit. And so we feel very, very confident about the future of the company."
 
Apple should buy:
A. Microsoft
B. Nintendo
C. Sony
D. All of the above
E. None of the above
F. Other__________
Only one on that list that could ever even remotely make sense is Nintendo. And it would be purely for the IPs (that is, the Marios and the Zeldas. With largely dated hardware like the Wii and 3DS, I can't imagine Nintendo has very much worth taking in the R&D department).

I suppose you could say that maybe Sony makes sense if they're truly serious about getting hard and fast into the LCD/LED market. But Sony is such a large and bloated company that I don't see Apple ever wanting to pluck around in that thicket. You don't buy a company just to shudder all of its businesses (which is precisely what they'd do to everything but the Playstation and Displays/Panels sections).

Plus, despite its many divisions, Sony is only worth about the same as Nintendo. (Because so many of the divisions subsidize other divisions.) And Sony runs the Playstation division at a loss most of the time; that seems very contrary to Apple's general approach to business.
 
Have to laugh at the tablet discussion. Assuming most of the rumors are true regarding iPad 2, they sure are being aggressive for a company that thinks there's no competition in the market. Maybe they're taking the lesson they learned from Android's rise as a Smartphone OS? That is, while the iPhone is very, very popular, it will never be to the cell-phone what the iPod is to the MP3 player. But they're still in the driver's seat in the tablet market, and they can make the iPad the beginning and the end if they're aggressive enough early on. And an iPod-like dominance for the iPad would certainly be a clever backdoor into the enterprise market with OS X.

Apple has never competed against other companies. Yes, they have competition in the market, and they're aware of that, but they don't introduce new products for the purpose of beating those other companies. They introduce products because they think they will succeed. That's why they continue to innovate even when they don't have real competition in a particular market (i.e. the media player market, which the iPod holds huge domination in, and they could afford to let stagnate without really affecting their bottom line for a while).

jW
 
For each of choices A-D or F: Check how much it would cost. Then ask yourself how it would benefit Apple, if at all. Then ask yourself if there is any chance that it would benefit Apple enough to get their money's worth.

And of course they would never be allowed to buy choice A even if they could afford to.
 
Great performance, Apple. Bought stock at $50 before the iPhone took off. Great move back then. We've been very lucky to have it. This growth is completely earned by focusing on producing excellent products and excellent service that constantly exceed customers expectations. I know that's been my experience and why I bought their stock and their products.

congratulations apple!

unfortunately i am convinced that all this money is generated by putting a very overpriced price tag on most of their products.

mac mini, ipad and many other products are simply EXPENSIVE.

"Overpriced" - is in the eye of the beholder. About 45 million people disagreed with you last quarter. That's pretty compelling evidence that they are priced just right. Not every business has to cater to the low-end of the market to be successful.
 
There is no "Apple tax." It is the fee you pay for outstanding customer service.

http://www.macworld.com/article/154241/2010/09/asci_2010_report.html

You can go elsewhere and pay less. Just be prepared for unintelligible tech support specialists and your malfunctioning, brand new PC being replaced with a refurbished one (as has happened to many of my friends).

So, when I ring apple tech support and find a barely enlish speaking person on the other end, its my dollars being put to good use? oh, you are speaking about the USA, yeah, so glad my dollars are being put to good use giving you nice tech support.
 
I'm listening to the streaming conference right now. Well, actually, I'm listening to what's supposed to be the conference. For the past 15 minutes it's just been streaming lovely baroque music. WTF?

EDIT: I just skipped ahead. The conference actually begins at 30 minutes in.
 
Clearly, the writing is on the wall...

Apple is doomed.

Macs are overpriced and under-spec'd. iPhone 4 dead to Android. Blah, blah, blah...recession....HD...3D...BluRay...blah, blah, blah.
 
So, when I ring apple tech support and find a barely enlish speaking person on the other end, its my dollars being put to good use? oh, you are speaking about the USA, yeah, so glad my dollars are being put to good use giving you nice tech support.

Thanks. Every time I speak with Apple Enterprise support there is always a English speaking person that I talk to unlike my days of calling Dell and HP.
 
Just a few comments...

that pile of cash...Apple is doing the right thing waiting for GOOD opportunities and not just chasing companies.

WHY ON EARTH WOULD APPLE WANT TO BUY ARM?! it makes no sense, ARM designs and licenses the technology behind it's chips. The stock is valued at 50 times earnings! It would be a monumental waste of cash buying ARM and defeats the object. Yes ARM is a great company, but will it be the only company which will provide for Apple's requirements going forward??...probably, but then again remember PPC. As for other suggestions I have read...Sony, Nintendo, Adobe...again, no.

As for China...yes Apple has made significant progress there, but don;t expect Chinese sales to revolutionise AAPL. There may be 1.3bn people living in China, but the majority live in poverty and the rich elite is very small in number.
 
Yea no kidding. Instead of spending a huge chunk of cash on a down payment for my house, which hasn't gained value (and thankfully hasn't really lost any) I wish I would have invested in a AAPL at $80 a share. :(

If ifs and buts were candy and nuts, we'd all have a merry Christmas.
 
I think Cook addressed it in this answer.

Cook: "In my view, Apple is doing its best work ever. We are all very happy with the product pipeline. The team here has an unparalleled breadth and depth of talent and innovation that Steve has driven in the company, and excellence has become a habit. And so we feel very, very confident about the future of the company."
I think you're exactly right about that. Tim Cook is doing a heck of a job.
 
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

Thanks for posting those numbers. I was looking all over for them. Two things that were noticably absent from the conference call were:

1. No stock split. I think they could have at least did a 4 for 1.
2. They didn't mention anything about the North Carolina data center.

I don't mind the cash they are accumulating. They don't need to use it right now. Everything seems to be going their way. I'm assuming they have their product pipeline stocked!
 
Steve's health

There was some speculation that Tim Cook would comment on Steve's health in a generalality. Any legitimate comments on the situation besides they are happy with where the company is going? Rumors? Other than that very pleasing to see the growth and stance of the company.
 
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Makes me laugh when i hear the Buy Arm or Sony talk, Apple wont buy ANY major company, Apple will buy some one that allows them to better develop Apple products in the future, or allow the to make them cheaper, they will look for some emerging tech or a supplier that allows them to move onto the next step of the ladder, all Buying Arm or Sony does is give them a load of expensive staff and boat load of crap they don't want or need.

as a business man i find it very interesting at how Apple is run, if you look at how apple have modelled there business its very clever, Apple is still very small in staff and physical size, they have created strategic agreements to allow them to manufacture there products in massive volumes with out having the overheads that come with it, if it all went wrong and sales dropped (as they did before) apple just reduce production and thats it, its people like Foxcon, and Samsung who make there products and components who have made the biggest increased to enable Apples products to be made, yes they have had a finical interest in helping these companies expand but they are not tied to dealing with all the staff and factories.
 
Makes me laugh when i hear the Buy Arm or Sony talk, Apple wont buy ANY major company, Apple will buy some one that allows them to better develop Apple products in the future, or allow the to make them cheaper, they will look for some emerging tech or a supplier that allows them to move onto the next step of the ladder, all Buying Arm or Sony does is give them a load of expensive staff and boat load of crap they don't want or need.

as a business man i find it very interesting at how Apple is run, if you look at how apple have modelled there business its very clever, Apple is still very small in staff and physical size, they have created strategic agreements to allow them to manufacture there products in massive volumes with out having the overheads that come with it, if it all went wrong and sales dropped (as they did before) apple just reduce production and thats it, its people like Foxcon, and Samsung who make there products and components who have made the biggest increased to enable Apples products to be made, yes they have had a finical interest in helping these companies expand but they are not tied to dealing with all the staff and factories.


I agree with your take on it. Look at Apple's past acquisitions, aside of NeXT, they're all pretty small.

When you look at a $65 billion company (2010) that has under 50,000 employees and IIRC, more than half are in their retail division. To contrast, Microsoft has almost 90,000 employees with $62 billion 2010 sales.
 
You only split if you want to make the stock SEEM less expensive in order to attract new investors. AAPL doesn't need to do that, ergo there won't be a split.
Splits are like placating a child who wants more cake by cutting his piece in two and saying 'see, you now have TWO pieces!!'.

Stock splits are also good for employee compensation plans and sqeezing the most value out of each share. Even if you don't need to appeal to investors because you have $60 billion in the bank, it is in the company's best interest for the stock to realize its full potential so the employees are rewarded as well. Especially when a high growth stock like AAPL is only trading at a PE of 23. Of course, other shareholders benefit too.
 
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