Yah for a company who's yearly profits topped 50 BILLION. Yah. Nowhere fast.
I'd love to see Apple try for 50 billion in a year's time.
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Apple Sold 270,000 iPhones in First 30 Hours
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Yah for a company who's yearly profits topped 50 BILLION. Yah. Nowhere fast.
I'd love to see Apple try for 50 billion in a year's time.
Yah for a company who's yearly profits topped 50 BILLION. Yah. Nowhere fast.
I believe he said "...Balmer's Zune is going nowhere fast."
Yah for a company who's yearly profits topped 50 BILLION. Yah. Nowhere fast.
YAH! Apple should be a predatory monopoly for a couple of decades too!
That way they will be super cash rich and then they can spend cash on innovative products like the iPhone and iPod..
oh wait. they did. (without being monopolists.)
and that company with $50 bill in the bank.
Brown zune.
Heck of a job Balmer!
yeah thats pretty bad stats
hopefully they'll have those issues sorted out by jan 2008 when it's released in oz
hey have any of you guys wondered what will happen tomorrow with all of these day traders trying to cash out? Hopefully the stock soars
Yah for a company who's yearly profits topped 50 BILLION. Yah. Nowhere fast.
No, Microsoft has just above $50bn _revenue_. Apple has about $22bn.
"That thing is the most expensive phone out there! $599 for a phone?? It wont even sell enough to break even!!"- Steve Ballmer
I really love Ballmer's depth of analisys... Real GENIUS...
Ballmer is a doofus with a hard on. Plain and simple.Well it is a guess factoring in the AT&T stores that had shorter hours (AT&T outnumber Apple stores 10 to 1).
Apple Did not say they sold 270,000 iphones
Please look at Apple's summary datasheet.
They sold 270,000 of "iPhone and Related Products and Services (6)", where footnote 6 reads:
"(6) Consists of iPhones and Apple-branded and third-party iPhone accessories."
Result: Probably not inconsistent with AT&T's number of activations.
Please look at Apple's summary datasheet.
They sold 270,000 of "iPhone and Related Products and Services (6)", where footnote 6 reads:
"(6) Consists of iPhones and Apple-branded and third-party iPhone accessories."
Result: Probably not inconsistent with AT&T's number of activations.
That line item can easily be confused ... however if you listened to the conference call (which this article references) they directly stated that they sold 270k iPhone in the first 30 hours (before quarter end) and that the unit line item doesn't include accessories.
Oh course I didn't yet see concrete confirmation of what "sold" means exactly ... for example do they count iPhones sold to the AT&T stores as a sale, or to end customers, etc. I don't think Apple "sells" items to Apple stores so I believe a "sale" via an Apple retail store in only counted when they sell to the end customer.
(note the pod cast I linked about doesn't yet have Q3 posted so... http://www.apple.com/quicktime/qtv/earningsq307/)
50 billion in which currency? In US dollars, their annual profit is about 14 billion. It is not small by any means, but I think you need to chill out a bit more.Yah for a company who's yearly profits topped 50 BILLION. Yah. Nowhere fast.
No, it's not "a damn phone at the end of the day." It's really a scaled back laptop that makes phone calls and emulates the functionality of an iPod.
That's amazing... just wish I owned stock
Too late to get in the game you suppose?
you know, i said the exact same thing 3 years ago when apple stock was soaring based on the ipod's success....
I'm sorry to correct you, but the Correct definition from the Ballmer's dictionary (TM) is "SQUIRTING songs"...
So, your phrase should be reformed: "The problem with Zune is that its impossible SQUIRT SONGS if you are the only one that owns one."
Great Steve Ballmer... A squirt? Anyone?
Quick Revenue Calculations
If apple sold 270,000 units at an average price of $550 per unit, that would be $148.5M in total anticipated revenue over two years. If that was recognized in days then each day would get $203K (148.5M/730 days) for a total of $406K in revenue recognition for June 29th and 30th.
The other $4.6M would be in accessories which would be recognized right away. That would line up with what Apple stated in the conference call.
If apple sold 270,000 units at an average price of $550 per unit, that would be $148.5M in total anticipated revenue over two years. If that was recognized in days then each day would get $203K (148.5M/730 days) for a total of $406K in revenue recognition for June 29th and 30th.
The other $4.6M would be in accessories which would be recognized right away. That would line up with what Apple stated in the conference call.
Enjoy your high flying stock now. When Apple explicitly guides for EPS greater than 20% below analyst expectations for the next quarter, you need to seriously wonder what's going on. Companies DO NOT like to lower guidance, ever, unless is absolutely necessary. (If you think that Apple is deliberately trying to lower expectations, just to crush estimates again, think again.) Wall Street doesn't typically like earnings surprises, and this will be no exception.
Apple is clearly expecting something to slow down, be it iPod sales, or slower iPhone growth than was originally anticipated (remember, we're already a month into the next quarter and the iPhone has yet to debut outside the US).
And BTW, something else that concerns me is that 270,000 includes all phones initially delivered to stores and ordered online during those first 30 hours. Many ATT stores and Apple stores didn't sell out until Sunday, which means that 270K might be a significantly large % of total opening weekend numbers. And after the first week or two, sales would have steadily trailed off, once the buzz wore off. Already people are concerned that Apple might need to restart the hype machine to get more people into ATT stores. So 350K-400K over the first couple of weeks is great, but they'd need to average 200K per month for the next three months to hit their target of 1,000,000 for the 4th quarter, which is not as simple as you might imagine. My only guess is that they're moments away from launching overseas; otherwise, that figure is impossible to reach. Remember, 200K is greater than any phone opening for ATT ever; Apple would need to do that 3 months IN A ROW to hit that target. Again, not possible unless they go abroad.
Apple MUST have a second phone up their sleeve to hit 10 million by 2008. I actually wonder if they have more than one. Because at this price point, they won't hit 5 million by the end of 2008.
Apple is clearly expecting something to slow down, be it iPod sales, or slower iPhone growth than was originally anticipated (remember, we're already a month into the next quarter and the iPhone has yet to debut outside the US).
And BTW, something else that concerns me is that 270,000 includes all phones initially delivered to stores and ordered online during those first 30 hours. Many ATT stores and Apple stores didn't sell out until Sunday, which means that 270K might be a significantly large % of total opening weekend numbers. And after the first week or two, sales would have steadily trailed off, once the buzz wore off. Already people are concerned that Apple might need to restart the hype machine to get more people into ATT stores. So 350K-400K over the first couple of weeks is great, but they'd need to average 200K per month for the next three months to hit their target of 1,000,000 for the 4th quarter, which is not as simple as you might imagine. My only guess is that they're moments away from launching overseas; otherwise, that figure is impossible to reach. Remember, 200K is greater than any phone opening for ATT ever; Apple would need to do that 3 months IN A ROW to hit that target. Again, not possible unless they go abroad.
Apple MUST have a second phone up their sleeve to hit 10 million by 2008. I actually wonder if they have more than one. Because at this price point, they won't hit 5 million by the end of 2008.