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Apple Reports Record March Quarter Results of $13.6B Profit on $58B Revenue, Boosts Dividend and Buybacks

abhishake said:
Fewer macs and ipads than expected.

Apple is F'd.
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RDeckard said:
Oh boy... YKBAID once again.

Edit: For clarity's sake and for those asking what YKBAID means: You Know But Apple Is Doomed
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Nicky G said:
Well there we have it, folks. APPLE IS DOOOOOOMED!!!!!

;)
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imaginex20 said:
Keep on betting Apple is going to fail, while my stocks keep on soaring!!!
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Can we retire the doomed/failed meme yet? :mad: It seems the only people saying it are Apple fans. Are you guys trying to get NB4 or something?:confused: It's pretty tired. The quarter was great. If you're a fan celebrate if that's your thing. People haven't actually said Apple is doomed, and meant it, in a long time. It's mainly just sarcastic, ironic Apple fans. Why not just get T-Shirts and save everyone the banality?

/rant over

Kick ass quarter, iPad notwithstanding. June quarter should rock just as hard with the watch. <-- Caveat: solve the damn supply constraints... or Apple is doomed.:rolleyes:
 
Yes, I guess as long as people keep buying their stuff despite bugs, bugs, more bugs and stuff that doesn't work as it's suppose to (and then making excuses why a $58Blllion dollar company can't get that stuff together before releasing it) then yes, they will continue to grow.

I'm getting tired of waiting 9 months into a release cycle to feel safe installing the latest version only to have a new one come out 3 months later and start the same process all over again, so am already slowly moving away from having ALL of my stuff be :apple: products.

And yes, I know, "see ya", "good riddance", etc.

But seriously. Everyone knows there are serious problems with their software and QA, but apparently it doesn't matter. I guess we'll see.
 
69Mustang said:
Can we retire the doomed/failed meme yet? :mad: It seems the only people saying it are Apple fans. Are you guys trying to get NB4 or something?:confused: It's pretty tired. The quarter was great. If you're a fan celebrate if that's your thing. People haven't actually said Apple is doomed, and meant it, in a long time. It's mainly just sarcastic, ironic Apple fans. Why not just get T-Shirts and save everyone the banality?



/rant over



Kick ass quarter, iPad notwithstanding. June quarter should rock just as hard with the watch. <-- Caveat: solve the damn supply constraints... or Apple is doomed.:rolleyes:
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Quit your crying. Meanwhile AAPL just keeps making me more money.
 
Now I am just glad I asked a family member of mine, living in Germany, to take my Apple Watch order. If expectations are near reality, Apple Watch might become available in my country starting late June. Not going to wait for that! So I'm really glad I did it this way. :)
 
TallManNY said:
Cash: $193.5 billion in cash plus marketable securities, up $15.6 billion. $171 billion was offshore. $6.5 billion in US dollar denomination notes, $1.3 billion Swiss Franc notes.

Well can we have another round where I suggest more of this money be returned to shareholders and other people counter that Apple should save it for a rainy day or some sort of hypothetical acquisition?

There is more money coming. The increased buyback plan, just like all the ones before, will not actually result in Apple digging into this cash hoard.

Wait until the margins for the Apple Watch start hitting the balance sheet. It will offset the decrease in iPhone sales for next quarter. And then come Fall we are back to another iPhone launch but this time at an even greater scale.
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Or more money returned to the tax base of the US.
 
MacNut said:
Or more money returned to the tax base of the US.
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Yes, eventually they need to bite the bullet and pay the U.S. taxes. Or maybe they keep waiting for the huge tax holiday. That might happen. Until then I guess the cash just sits overseas. But really it is getting ridiculous. Even having $50 billion in cash is way more than Apple needs. $200 billion is crazy.
 
Yes, eventually they need to bite the bullet and pay the U.S. taxes.

They don’t need to. At some point they may decide it makes sense to just headquarter in another country or find ways to spend it in another country. Most other countries don’t tax money moving into their country, so Apple can move resources into other countries relatively easily. But if Apple brought their overseas earnings into the United States, it would cost them around 50 billion in taxes. Even for Apple, that's a lot of money.

(Calculations based on 158 billion offshore reported in January, and the 34% that Apple has said in the past they would have to pay to bring it back.)
 
GuitarDTO said:
Fall Apart isn't the right terminology to use, but he does have a point. Apple is the iPhone company now, and rest assured that if/when iPhone growth slows, the stock will get massacred. It may not come for a long time, but it is the single biggest risk of investing in Apple until they roll out another product category large enough to make a dent in their earnings.
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Very good comment, I agree.
 
My gosh I really didn't think they would be able to move 60 million iPhones in this quarter. This is absolutely stunning. Then with Apple Watch being a success, the stock should be looking pretty sweet by this time next year.
 
CEmajr said:
My gosh I really didn't think they would be able to move 60 million iPhones in this quarter. This is absolutely stunning. Then with Apple Watch being a success, the stock should be looking pretty sweet by this time next year.
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The iPhone number was a nice surprise. The WSJ live-blogger thought the best question was about the Watch (i.e. the lack of superlatives), suggesting that Apple was more subdued about it than previous launches. He may be right. Given that this product was delayed, they didn't have enough supply for stores, and they predict margins will be below the company's average, I wonder if sales are skewing more toward the Sport than they expected, and if they are worried they are leaving too many early sales on the table by not having the product in the store.

That said, we'll get a much better idea next quarter. Watch will be buried in Other, but it will be rather obvious how it's doing.
 
Badandy said:
*Cue financially illiterate Apple fans lambasting the capital return program and saying that holding $200b in cash is the proper use of shareholder money.
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And you really should look at cash minus debt, a number they have kept at around 150 billion dollar. And they couldn't repay $1 of debt with $1 of cash without a complete tax holiday for foreign earnings (which is less likely than a reduced rate for the return of foreign earnings).
 
manu chao said:
And you really should look at cash minus debt, a number they have kept at around 150 billion dollar. And they couldn't repay $1 of debt with $1 of cash without a complete tax holiday for foreign earnings (which is less likely than a reduced rate for the return of foreign earnings).
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Didn't the US offer some type of reduced flat rate on bringing the cash into the US recently but Apple declined?
 
Dargoth said:
Well, eventually they're going to spend their stash on something, at which point the rich will get poorer. Presumably this will result in profits, and they'll get richer again. It goes up and down. It's certainly not as black and white as people like to think. The more money they have, the more they spend, and thus it goes 'round. ;) I mean, not just anyone can employ thousands of people like they do, and indirectly employ probably millions more through purchases from other companies.
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Yeah, "employ" as in slave labor and indentured servitude. But if we want to call that eh hem "labor" then great. Super.

I wonder if with the 58 eleventy trillion billion if they could POSSIBLY make some of the stuff here and pay people decent wages and benefits? Oh wait, never mind. :rolleyes:
 
TallManNY said:
Yes, eventually they need to bite the bullet and pay the U.S. taxes. Or maybe they keep waiting for the huge tax holiday. That might happen. Until then I guess the cash just sits overseas. But really it is getting ridiculous. Even having $50 billion in cash is way more than Apple needs. $200 billion is crazy.
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They already have put aside the money for US taxes on overseas money.
 
The iPad thing.. for me the iPad is a sweet spot. The 5.5" phablet is too big for my taste. I don't ALWAYS want a tablet, but I always have my phone, which must be ultra portable. But often I carry my iPad with me anyway when it is convenient or needed, and appreciate the crap out of the screen size in such a portable device. Would I carry a Macbook around like that? That's the question, but in terms of weight and portability the iPad wins hands down for me.

iOS vs. OSX? They're certainly not interchangeable but unless you're a power user you can do the same stuff with either.

This has nothing to do with the quarterly call but there was chatter about iPad sales so it got me thinking...
 
KPOM said:
The iPhone number was a nice surprise. The WSJ live-blogger thought the best question was about the Watch (i.e. the lack of superlatives), suggesting that Apple was more subdued about it than previous launches. He may be right. Given that this product was delayed, they didn't have enough supply for stores, and they predict margins will be below the company's average, I wonder if sales are skewing more toward the Sport than they expected, and if they are worried they are leaving too many early sales on the table by not having the product in the store.

That said, we'll get a much better idea next quarter. Watch will be buried in Other, but it will be rather obvious how it's doing.
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As far as Watch margins, I think Cook was hinting that they have loaded their R&D into the first full quarter, thus margins for Watch should increase thereafter.
 
So they're basically a smartphone company that sells a few other bits and bobs.
They're certainly doing well, the only sore point being they are heavily dependent on the iPhone.
 
Rogifan said:
And the stock is only up $2 after hours so far. Google can miss on the top and bottom line and the stock jumps $20 after hours. :rolleyes:
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Are you saying that Apple beat expectations? That's all that matters here.

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Rogifan said:
It's ridiculous. Even the talking heads on CNBC and Bloomberg are surprised the stock isn't up more after hours. iPhone killed it, margins were good, capital return program to $200B and provided strong guidance. This was a record March quarter (and didn't even include new Macs or Watch) and the after market reaction is meh. Oh and yeah I mentioned Google, but I could have mentioned Amazon or Microsoft as well.
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Okay, all those things have been driving the price up throughout the quarter. Theoretically, nobody should care about the restatement of old good news.
 
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