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Apple to Release Q2 2009 Financial Results on April 22nd

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Apr 12, 2001
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Apple today issued a media alert announcing details for the April 22nd release of its financial results for the second quarter of fiscal year 2009. The results will cover sales from December 28th, 2008 through March 27th, 2009, and will be released at the close of trading (4:00 PM Eastern / 1:00 PM Pacific) on Wednesday. Apple's conference call discussing the results will follow at 2:00 PM Pacific and will be available via a live audio webcast.

At Macworld Expo 2009 early in the quarter, Apple announced the new 17" MacBook Pro, iLife '09, and iWork '09. In early March, Apple introduced new Mac Pros, as well as updated models of the iMac, Mac mini, AirPort Extreme Base Station, and Time Capsule. The iPod shuffle also saw a significant redesign near the end of the quarter.

For the quarter, analysts are predicting net earnings of $1.09 per share on revenue of just under $8 billion, near the high end of or slightly above Apple's guidance of $0.90-$1.00 profit on $7.6-$8.0 billion of revenue. Apple's year-ago results for the second quarter of 2008 included net earnings of $1.16 per share on revenue of $7.51 billion.

Article Link: Apple to Release Q2 2009 Financial Results on April 22nd
 
Article Link
https://www.macrumors.com/2009/04/20/apple-to-release-q2-2009-financial-results-on-april-22nd/
I'm sure I've seen this somewhere before at the beginning of the month...

Anyhow, iPhone and Mac sales figures as well as overall profits will be especially interesting this time.
 
As always, Apple will blow out its own estimates, but will give "cautious" guidance for the future quarter.

Personally, I am predicting $1.12 or $1.13 per share. Time will tell! :)
 
I would be interested to know how many 17" MBP's they have sold. I am still waiting for the 2 Apple re-sellers in my town to get them in, over 3 months after it was released. I don't live near an Apple Store but both re-sellers are major national stores. The salesmen keep telling me that Apple are rationing supply for some reason.
 
apple market share down

"and since we see market rate going down, we give up and will now also offer non-glare monitors, as only noobs buy glare monitors".
 
This will be very interesting. Has the economic crisis hit Apple hard or is there still business in selling premium stuff in these discount obsessed times.
 
Apple will continue posting record sales, profits, and adding more to the bank as usual.
 
Big money...big money...no whammies!

Let's hope Apple can beat street estimates. :)
 
BTW said:
Big money...big money...no whammies!

Let's hope Apple can beat street estimates. :)
Click to expand...

I'm actually hoping they don't so maybe they will get it through there thick skulls that we don't like glaring screens, or new designs without substance. I really hope Apple starts innovating again technologically and not just design-wise.
 
I think it is about time that I purchase some AAPL! I wish I would have done it a month ago but I guess I will wait and buy after their earnings report. Each time I wait I end up missing an opportunity but better safe then sorry.
 
BTW said:
Let's hope Apple can beat street estimates. :)
Click to expand...


Seriously the predictions of analysts are getting more and more hilarious.

I predict at least 1.15 per share. :apple:

And that is on a GAAP basis.. Non GAAP will be over 1.50.
 
netsql said:
"and since we see market rate going down, we give up and will now also offer non-glare monitors, as only noobs buy glare monitors".
Click to expand...

Oh geeze ... Some folks like the glossy, now come on ... :rolleyes:

Personally, I'm hoping for the best for Apple on this report. By "best", I mean a wake-up call on what could be best for Cupertino to do as a result of a serious downturn in the economy.

Maybe this means more choices and lower margins and prices for consumers and maybe, just maybe ... less rhetoric on the "holistic, vertical Apple experience" that has justified the premium costs of their products to date.

Well ... I can hope, anyway.

:apple:
 
DELLsFan said:
Oh geeze ... Some folks like the glossy, now come on ... :rolleyes:

Personally, I'm hoping for the best for Apple on this report. By "best", I mean a wake-up call on what could be best for Cupertino to do as a result of a serious downturn in the economy.

Maybe this means more choices and lower margins and prices for consumers and maybe, just maybe ... less rhetoric on the "holistic, vertical Apple experience" that has justified the premium costs of their products to date.

Well ... I can hope, anyway.

:apple:
Click to expand...

The "holistic, verticle Apple Experience" will never go away. Period.

I'm more interested in their current Cash Reserves. That will tell a bigger story.
 
Glideslope said:
I'm more interested in their current Cash Reserves. That will tell a bigger story.
Click to expand...

Well current assets should be over 30Bn now, cash over 10.
More interesting is, that they don't make a lot of use of this money.

Rebuying shares might be a good option right now, restoring investor confidence.
 
DELLsFan said:
Personally, I'm hoping for the best for Apple on this report. By "best", I mean a wake-up call on what could be best for Cupertino to do as a result of a serious downturn in the economy.

Maybe this means more choices and lower margins and prices for consumers and maybe, just maybe ... less rhetoric on the "holistic, vertical Apple experience" that has justified the premium costs of their products to date.
Click to expand...

Apple has been a rock-solid company for the past 5-7 years because of its business model. High product margins, and a range of products that serves its desired customer base is what has made Apple successful.

You may want more choices. You may want a headless iMac. You may want lower prices.

But, Apple doesn't want everyone's business. Apple chooses to make products for a specific type of customer. And, in many cases, that may not be you.

As someone who used to work for Apple corporate, I can say that the execs are not interested in X% marketshare. They want to make great products that are targeted toward specific markets that will most enjoy them, and they are going to make the user experience so great that customers will gladly pay [what they view to be] a fair price.

Flore said:
Well current assets should be over 30Bn now, cash over 10.
More interesting is, that they don't make a lot of use of this money.

Rebuying shares might be a good option right now, restoring investor confidence.
Click to expand...

Wrong on many levels.

Market cap (from shares) is over $105 billion.
Cash reserves are around $25 billion.

Restoring investor confidence? Investors aren't worried about Apple, they are worried about the overall market. The price didn't plummet because of Apple's financials. It went down because people were unsure of the viability of higher priced margins in a down economy.

Both of the past two quarters have proven that wrong (at least for Apple) and this quarter shouldn't be any different.
 
My prediction: Revenue of $8 billion, net income around $1.3 billion.

Apple sure isn't feeling this economic slump we're currently in, evident by how well they did last quarter.
 
Grimace said:
Wrong on many levels.

Market cap (from shares) is over $105 billion.
Cash reserves are around $25 billion.

Restoring investor confidence? Investors aren't worried about Apple, they are worried about the overall market. The price didn't plummet because of Apple's financials. It went down because people were unsure of the viability of higher priced margins in a down economy.

Both of the past two quarters have proven that wrong (at least for Apple) and this quarter shouldn't be any different.
Click to expand...

Apple balance sheet shows cash at hand of around $12Bn.

On the other hand there is a lot of short term investments, which in total then make up $35Bn. In addition Apple has some non current assets totaling around $5Bn.
Market cap is not the point in this aspect.


What I want to say is that Apple needs to develop an advantage out of these huge cash reserves, especially as they have 0 debts.

The issue with Apple's stock price is that it does not reflect the numbers.
A rebuy of shares might be an option to get closer. I agree there are better ways, for instance not giving out GAAP guidance any more.

People still fail to realize the numbers in an adjusted, non GAAP report.
Apple has actually made around $1.4Bn more in revenue each quarter in 2008 than the GAAP report shows!
And still analysts fail to realize this in their numbers.
It has not happened by coincidence that Jobs pointed this out himself at last years earnings call...

Anyway, I am not an analyst, nor do I want to be one, but I think this whole issue is just astonishing.
 
Flore said:
I agree there are better ways, for instance not giving out GAAP guidance any more.
Click to expand...

I agree with you on what you say about the cash pile.

But Apple has to stay consistent over the years about its accounting principles, and even about the way they tend to sandbag their guidance numbers.

If it hurts the stock price, it's only short term. So we can take it as a buying opportunity. :)
 
Flore said:
Apple balance sheet shows cash at hand of around $12Bn.

On the other hand there is a lot of short term investments, which in total then make up $35Bn. In addition Apple has some non current assets totaling around $5Bn.
Market cap is not the point in this aspect.


What I want to say is that Apple needs to develop an advantage out of these huge cash reserves, especially as they have 0 debts.

The issue with Apple's stock price is that it does not reflect the numbers.
A rebuy of shares might be an option to get closer. I agree there are better ways, for instance not giving out GAAP guidance any more.

People still fail to realize the numbers in an adjusted, non GAAP report.
Apple has actually made around $1.4Bn more in revenue each quarter in 2008 than the GAAP report shows!
And still analysts fail to realize this in their numbers.
It has not happened by coincidence that Jobs pointed this out himself at last years earnings call...

Anyway, I am not an analyst, nor do I want to be one, but I think this whole issue is just astonishing.
Click to expand...

I'm not an analyst either but everyone and their aunt knows 'cash' is $25bn...

In Millions of USD (except for per share items)
As of 2008-12-27
Cash & Equivalents 7,236.00
Short Term Investments 18,411.00
Cash and Short Term Investments 25,647.00

You are reading total current assets - $10bn of which isn't readily available hence not considered 'cash'.
 
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