or Connect
AppleInsider › Forums › General › General Discussion › Steve Jobs: Apple at $50 billion annually but just getting started
New Posts  All Forums:Forum Nav:

Steve Jobs: Apple at $50 billion annually but just getting started

post #1 of 31
Thread Starter 
Apple's chief executive Steve Jobs announced that the company's annual revenues are now beyond $50 billion, but indicated that even more is in the pipeline to get excited about.

"If you annualize our quarterly revenue, it's surprising that Apple is now a $50+ billion company," Jobs said. "The new products we are planning to release this year are very strong, starting this week with a major new product that we're really excited about."

Apple sold 3.36 million Macs, including more than 2.1 million notebooks. That represented 33% growth in Mac sales, compared to an industry-wide 17% growth in PCs reported by IDG. Desktop sales reached 70% growth year over year thanks to the popular new iMac models. Apple's COO Tim Cook detailed even greater growth rates in Mac sales internationally.

It also sold 21 million iPods and 8.74 million iPhones, a record number of new mobile devices for the company. Apple retained roughly 70% market share in the global MP3 market with iPods; growth in the iPod touch reached 55%, while iPhones amounted to a 100% increase in sales over the previous quarter, comparing very favorably to Canalys' data showing industry smartphone growth at around 30%.

The "major new product" Jobs alluded to is expected to be a tablet-form factor device to be announced on Wednesday at the scheduled press event. Company executes speaking during today's earnings announcement explicitly avoided any comment on what the company might release on Wednesday, even dodging the question of whether any new products in the pipeline might contribute to Apple's future earnings.

As the company outperforms both its PC and smartphone competitors and maintains dominance over the entire MP3 market, the uncertainty of whether Apple will be able to successfully deploy a tablet-sized device (given the history of failure dogging that category of products) seems less of a risk than many observers have suggested.

Apple's confidence in launching a new, larger mobile device appears to be based on its years-long head start in releasing usable multitouch interface technology that customers have snapped up enthusiastically, in addition to the tight integration between its iTunes business and its mobile device hardware.
post #2 of 31
Most of those tealeaves-reading analysts were off again...
post #3 of 31
How/where does that place Apple among other technology companies in terms of revenue and market capitalization?
post #4 of 31
If any company can successfully deploy a device in a category that's hounded by failure, it's Apple.
http://www.grammarbook.com/punctuation/quotes.asp

Never argue with idiots, they'll bring you down to their level and beat you with experience. - a bumper sticker

Never quote idiots, they just clog up...
Reply
http://www.grammarbook.com/punctuation/quotes.asp

Never argue with idiots, they'll bring you down to their level and beat you with experience. - a bumper sticker

Never quote idiots, they just clog up...
Reply
post #5 of 31
If Jobs is excited. Can't wait
80 million iPhones by 2012. That's only 15% of the market.

http://www.iphonethailand.net
Reply
80 million iPhones by 2012. That's only 15% of the market.

http://www.iphonethailand.net
Reply
post #6 of 31
Appleinsider - In your article didn't you mean executives? Oh and while I got your attention why don't you fix the iPhone specific site !

The numbers are very good but I wonder about the impact of the accounting change. That could be coloring the results some.

In any event Jobs didn't use the tablet word. So maybe the excitement about a tablet is mis placed.



Dave
post #7 of 31
Quote:
Originally Posted by iphonedeveloperthailand View Post

If Jobs is excited. Can't wait

He's always excited. That's his job.
A reputation is not built upon the restful domain of one's comfort zone; it is made out of stalwart exposition of your core beliefs, for all challenges to disprove them as irrelevant hubris.- Berp...
Reply
A reputation is not built upon the restful domain of one's comfort zone; it is made out of stalwart exposition of your core beliefs, for all challenges to disprove them as irrelevant hubris.- Berp...
Reply
post #8 of 31
Quote:
Originally Posted by wizard69 View Post

In any event Jobs didn't use the tablet word. So maybe the excitement about a tablet is mis placed.

What is this about a tablet?

post #9 of 31
2000:
Apple. The beleaguered computer company. Should look for buyers.

2010:
Apple. Still besieged. By eager buyers of its products.
post #10 of 31
I wonder which device will be available Wednesday? "The new products we are planning to release this year are very strong, starting this week with a major new product that we're really excited about."Steve Jobs
La vendetta migliore é il perdono
Reply
La vendetta migliore é il perdono
Reply
post #11 of 31
While it's good news, and a well-run company, ... you can't really "annualize" profits from the christmas buying season and get an accurate number.

I can see Apple becoming a 50b company in the near future... but you can't expect all year to produce the same results that christmas does.
From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles out and say, "Look at that!" -...
Reply
From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles out and say, "Look at that!" -...
Reply
post #12 of 31
Ummmmm. $50 Billion in revenue, not earnings.
post #13 of 31
Quote:
Originally Posted by icyfog View Post

If any company can successfully deploy a device in a category that's hounded by failure, it's Apple.

Couldn't agree more. That's what they've made a name for themselves doing lately.

MP3 players were basically an interesting idea badly executed until they came along.
Smartphones were something of a complex joke until they came along.
Assuming they are going to do a tablet, I expect the same success.
post #14 of 31
Quote:
Originally Posted by mi_sat View Post

Ummmmm. $50 Billion in revenue, not earnings.

Thanks. I'd love to imagine APPL with 50B in earnings. I'm often shocked that people don't seem to understand the difference between sales and net income.
post #15 of 31
50 BILLION A YEAR!!!!!!!! ... and they still can't develop a graphic's driver that doesn't completely suck?
Who wants to bet that Apple announces they will no longer make a tower? Actually, who want's to bet they announce that they will no longer be developing OSX for desktop computers - to solely focus on the mobile market?
Cuz i'm willing to bet the graphics on the iSlab will outperform any Mac Pro sporting a $1000 video card by %800... just like a Commodore 64 can...

Seriously thou... Snow Leopard is a joke. My PPC G5 from 2004 gets better video performance in some situations
You would think that with 50 Billion a year, they could afford to put a little R&D into their flagship OS and bring it up to at least 2008 industry standards.
post #16 of 31
Quote:
Originally Posted by rain View Post

50 BILLION A YEAR!!!!!!!! ... and they still can't develop a graphic's driver that doesn't completely suck?
Who wants to bet that Apple announces they will no longer make a tower? Actually, who want's to bet they announce that they will no longer be developing OSX for desktop computers - to solely focus on the mobile market?
Cuz i'm willing to bet the graphics on the iSlab will outperform any Mac Pro sporting a $1000 video card by %800... just like a Commodore 64 can...

Seriously thou... Snow Leopard is a joke. My PPC G5 from 2004 gets better video performance in some situations
You would think that with 50 Billion a year, they could afford to put a little R&D into their flagship OS and bring it up to at least 2008 industry standards.

post #17 of 31
Quote:
Originally Posted by rain View Post

50 BILLION A YEAR!!!!!!!! ... and they still can't develop a graphic's driver that doesn't completely suck?
Who wants to bet that Apple announces they will no longer make a tower? Actually, who want's to bet they announce that they will no longer be developing OSX for desktop computers - to solely focus on the mobile market?
Cuz i'm willing to bet the graphics on the iSlab will outperform any Mac Pro sporting a $1000 video card by %800... just like a Commodore 64 can...

Seriously thou... Snow Leopard is a joke. My PPC G5 from 2004 gets better video performance in some situations
You would think that with 50 Billion a year, they could afford to put a little R&D into their flagship OS and bring it up to at least 2008 industry standards.

U cracky!
post #18 of 31
Actually, I was just thinking the other day, if I was in charge at Apple, I'd get some more graphics driver developers because Apple's graphics drivers really do suck.
it's = it is / it has, its = belonging to it.
Reply
it's = it is / it has, its = belonging to it.
Reply
post #19 of 31
"Steve Jobs, excited over 'major new product'"

I WONDER WHAT IT COULD BE !?!?!?!?!
post #20 of 31
Major new product? It's iWork 10 boys and gals! hahaha.
post #21 of 31
Quote:
Originally Posted by mi_sat View Post

Ummmmm. $50 Billion in revenue, not earnings.

Join the group that's beating their heads against a wall.....

AI is totally recalcitrant and obtuse on something as basic and stupid as this! Ridiculous.....

AI:
post #22 of 31
Quote:
Originally Posted by icyfog View Post

If any company can successfully deploy a device in a category that's hounded by failure, it's Apple.

Yeah my credit card is ready to be charged!
post #23 of 31
Quote:
Originally Posted by rain View Post

50 BILLION A YEAR!!!!!!!! ... and they still can't develop a graphic's driver that doesn't completely suck?
Who wants to bet that Apple announces they will no longer make a tower? Actually, who want's to bet they announce that they will no longer be developing OSX for desktop computers - to solely focus on the mobile market?
Cuz i'm willing to bet the graphics on the iSlab will outperform any Mac Pro sporting a $1000 video card by %800... just like a Commodore 64 can...

Seriously thou... Snow Leopard is a joke. My PPC G5 from 2004 gets better video performance in some situations
You would think that with 50 Billion a year, they could afford to put a little R&D into their flagship OS and bring it up to at least 2008 industry standards.

Learn how to spell! CUZ is not a word! Apparently you are one of the gifted individuals that doesn't know the difference between revenue and earnings. Go back to school in the short-bus.
post #24 of 31
Quote:
Originally Posted by mi_sat View Post

Ummmmm. $50 Billion in revenue, not earnings.

What's funny is that it is wrong in the first paragraph, but correct in the second paragraph.
post #25 of 31
Quote:
Originally Posted by anantksundaram View Post

Join the group that's beating their heads against a wall.....

AI is totally recalcitrant and obtuse on something as basic and stupid as this! Ridiculous.....

AI:

They never claimed to be smart.
post #26 of 31
Quote:
Originally Posted by Mr. H View Post

Actually, I was just thinking the other day, if I was in charge at Apple, I'd get some more graphics driver developers because Apple's graphics drivers really do suck.

Maybe they can just buy nvidia or something.
post #27 of 31
What was the tablet device Jack Bauer had on 24 on Monday night? All the other gadgets on that show are Apple.
post #28 of 31
That's almost Microsoft numbers!

iPod nano 5th Gen 8GB Orange, iPad 3rd Gen WiFi 32GB White
MacBook Pro 15" Core i7 2.66GHz 8GB RAM 120GB Intel 320M
Mac mini Core 2 Duo 2.4GHz 8GB RAM, iPhone 5 32GB Black

Reply

iPod nano 5th Gen 8GB Orange, iPad 3rd Gen WiFi 32GB White
MacBook Pro 15" Core i7 2.66GHz 8GB RAM 120GB Intel 320M
Mac mini Core 2 Duo 2.4GHz 8GB RAM, iPhone 5 32GB Black

Reply
post #29 of 31
Quote:
Originally Posted by rain View Post

50 BILLION A YEAR!!!!!!!! ... and they still can't develop a graphic's driver that doesn't completely suck?
Who wants to bet that Apple announces they will no longer make a tower? Actually, who want's to bet they announce that they will no longer be developing OSX for desktop computers - to solely focus on the mobile market?
Cuz i'm willing to bet the graphics on the iSlab will outperform any Mac Pro sporting a $1000 video card by %800... just like a Commodore 64 can...

Seriously thou... Snow Leopard is a joke. My PPC G5 from 2004 gets better video performance in some situations
You would think that with 50 Billion a year, they could afford to put a little R&D into their flagship OS and bring it up to at least 2008 industry standards.

the desk top model is obsolete
it has been for 3 months

the mini server killed it
the world just went mobile
get over it
and yes 5obn a tear could do a lot to make the osx better
whats in a name ? 
beatles
Reply
whats in a name ? 
beatles
Reply
post #30 of 31
Quote:
Originally Posted by ascii View Post

What was the tablet device Jack Bauer had on 24 on Monday night? All the other gadgets on that show are Apple.

Hmm, I didn't notice it - now I'll have to go back to the Tivo and check.

I thought Cisco had a lot of stuff on the show too.
post #31 of 31
Quote:
Originally Posted by dasein View Post

How/where does that place Apple among other technology companies in terms of revenue and market capitalization?

Here's the market capitalization on NASDAQ and NYSE of a few technology companies, but I don't have numbers for revenue and earnings. I'm not sure what other companies to include.

In $Billions
262.4 Microsoft
185.5 Apple
172.5 Google
164.7 IBM
118.0 Hewlett Packard
110.4 Intel
26.53 Dell
22.42 Yahoo
7.155 Sun Microsystems
5.703 AMD

149.9 AT&T
85.67 Verizon
59.41 Deutsche Telekom (T-Mobile)
9.811 Sprint Nextel
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: General Discussion
AppleInsider › Forums › General › General Discussion › Steve Jobs: Apple at $50 billion annually but just getting started