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Roundup of Analyst Expectations Ahead of Apple Q411 Earnings Call

Highest September Quarter Revenue and Earnings Ever

Apple(R) today announced financial results for its fiscal 2011 fourth quarter ended September 24, 2011. The Company posted quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, or $7.05 per diluted share. These results compare to revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, in the year-ago quarter. Gross margin was 40.3 percent compared to 36.9 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter's revenue.

The Company sold 17.07 million iPhones in the quarter, representing 21 percent unit growth over the year-ago quarter. Apple sold 11.12 million iPads during the quarter, a 166 percent unit increase over the year-ago quarter. The Company sold 4.89 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 6.62 million iPods, a 27 percent unit decline from the year-ago quarter.
 
Ouch. A rare miss. The stock is off 8%. 17 million iPhones sold is probably the number they will hit the hardest.
 
Spoony said:
so much for taking my gains and buying apple products. crud. now just need to dig in and hold on for the ride over the next few months. wow not good.
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So Apple makes a little less than they did last quarter...so what?

They've invested so much in stores that it's understandable.

I can't believe people consider $7 billion in profit a disappointment.
 
Spoony said:
so much for taking my gains and buying apple products. crud. now just need to dig in and hold on for the ride over the next few months. wow not good.
Click to expand...

Relax. I bet AAPL will be back at around $420 by the end of the week. I've been long for 10 years on most of my shares and occasionally trade for quick profits.

EDIT: Down now 4.3%
 
Is this their second best quarter ever? They did fall short on the iPhone sales, but it's expected since they didn't release any new iPhone until this month.

Still beat Apple's own guidance though.
 
First apple miss since the second quarter of 2002!! wow. This is pretty big.

Very aggressive forward guidance is stopping a complete stock melt down.
 
Spoony said:
so much for taking my gains and buying apple products. crud. now just need to dig in and hold on for the ride over the next few months. wow not good.
Click to expand...


Yeah, I wasn't expecting this either.

AAPL did deliver above their own estimates and they are profitable but not as much as analysts' expectations. This happened to Google earlier this year.

Here's to hoping that next quarter will be better.
 
Peace said:
It was still their best Sept. quarter.
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It does not matter. Their stock price is predicated on the growth that they failed to attain. This makes the stock too expensive and it is going to fall hard.
 
Spoony said:
First apple miss since the second quarter of 2002!! wow. This is pretty big.

Very aggressive forward guidance is stopping a complete stock melt down.
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Oppenheimer did point to pervasive iPhone rumors as to why sales were lower this quarter.
 
lilo777 said:
It does not matter. Their stock price is predicated on the growth that they failed to attain. This makes the stock too expensive and it is going to fall hard.
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Their guidance for Q1 is higher, though. This is the first time they missed consensus since 2002, so they are due for a "miss." Maybe next quarter analysts will be a little more realistic.
 
KPOM said:
Their guidance for Q1 is higher, though. This is the first time they missed consensus since 2002, so they are due for a "miss." Maybe next quarter analysis will be a little more realistic.
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High guidance is a two edge sword. It may prevent share price fall today but if they miss their own guidance next quarter then the market will be merciless.
 
lilo777 said:
High guidance is a two edge sword. It may prevent share price fall today but if they miss their own guidance next quarter then the market will be merciless.
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Somehow I don't think their going to miss Q1 guidance though. Lot's of cool products in the pipeline for the first quarter.
 
4M iphone 4S sold in 3 days
vs
17M iphone 4's sold in approx 90 days.

I'm calling it now: 30M iphone 4s sold this quarter.

Def lost smartphone marketshare during this quarter but it will be made up big time this coming quarter.

Quick edit: It's still damn impressive to sell 17M of a phone that is over a year old. Hopefully this teaches apple a lesson. Start getting aggressive!
 
Peace said:
Somehow I don't think their going to miss Q1 guidance though. Lot's of cool products in the pipeline for the first quarter.
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Spoony said:
4M iphone 4S sold in 3 days
vs
17M iphone 4's sold in approx 90 days.

I'm calling it now: 30M iphone 4s sold this quarter.

Def lost smartphone marketshare during this quarter but it will be made up big time this coming quarter.

Quick edit: It's still damn impressive to sell 17M of a phone that is over a year old. Hopefully this teaches apple a lesson. Start getting aggressive!
Click to expand...


Exactly.
 
Everyone was holding off on iPhone 4S or 5...

Apple did say that during Q3 conference call...

What the hell is wrong with these analysts?
 
Looks like the analysts at Morgan Keegan and Goldman Sachs get a cookie coming in only a penny off actual #s. The ones that were dollars off should be summarily fired and tossed to the OWS crowd.
 
androidfan said:
The stock and Apple as a company is slowing down Androids marketshare is beginning to crush them. Also it will be overshadowed by the Android event today
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Hum actually, since pretty much everyone has knows for about 3-4 months that a new iPhone is about to be released it was only natural for iPhone sales to be down. Just wait until Jan and we'll talk again what Google has on Apple. Not to mention that even with declining sales Apple will still be making money because they make profit on every single device that they sell and that includes marketing and operational costs. Can't say the same about the competition.
 
macrumors said:
image
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tldr.

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androidfan said:
The stock and Apple as a company is slowing down Androids marketshare is beginning to crush them. Also it will be overshadowed by the Android event today
Click to expand...

Why on earth do you think it's an either-or situation? It is completely possible for both iOS and Android to grow, particularly as the non-smartphone market shrinks. It's not like there's a finite number of smartphones that can exist in the world, and the see-saw tips one way or the other.
 
re original article

man - the ameture/independent blogger/analysts were hot for awhile

nobodies perfect
 
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