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Apple reports $13.1B in Q1 2014 profit on record sales of 51M iPhones, 26M iPads - Page 3

post #81 of 180

Hey, Carl just lost about $300M in 30 minutes today, i guess he is not doing as good as he hope by pumping up the stock with all his little tweets. As long as Wall street keeps doing this, he will never make money.

 

It did not surprise me to see the stock now down $49 in after market trading, all because of what some metric wall street made up, but hell Netflix was up 20% just because they added a few more users and lost even more money, and their future is unclear with Courts throwing out Network Neutrality.

post #82 of 180
Quote:
Originally Posted by tribalogical View Post
 

Perhaps of note...

 

Apple sold 70 million iOS devices (iPhones + iPads) in Q1 last year VS 77 million of them this year. That's an incredible and solid 10% increase in volume year on year.

 

Growth like that is hard to manage in the best of times.

 

But it's Apple, so the stock dropped 5% on that news.

 

Wow. Just wow.

 

You also need into account what the stock did in the months prior to those earnings. It rised on expectations of better numbers than that so its going down now. Its still up from its $400 lows.

post #83 of 180
Quote:
Originally Posted by Just_Me View Post
 

 

You just lost $40+ plus fees


I am sure it will go fluctuate over the next few days.  I am in no hurry. 

 

If Apple was a money loosing or speculative stock it would be one thing, but they are HUGELY PROFITABLE and nothing substantial has changed.  IOS is super sticky.  Once you touch it most don't leave. 

post #84 of 180
Quote:
Originally Posted by Maestro64 View Post
 

It did not surprise me to see the stock now down $49 in after market trading, all because of what some metric wall street made up, but hell Netflix was up 20% just because they added a few more users and lost even more money, and their future is unclear with Courts throwing out Network Neutrality.

 

The stock is going further down on Tim Cook stupidity.  "people with Apple products loved there devices and used them so we are happy" is not going to help here.

post #85 of 180
Quote:
Originally Posted by BeltsBear View Post
 


I am sure it will go fluctuate over the next few days.  I am in no hurry. 

 

If Apple was a money loosing or speculative stock it would be one thing, but they are HUGELY PROFITABLE and nothing substantial has changed.  IOS is super sticky.  Once you touch it most don't leave. 

 

It's a miracle. The stock is already climbing back up.

post #86 of 180

Cook just gave Icahn A LOT of ammo.  Icahn will be 3 feet up is ass for all of 2014.  

post #87 of 180
Quote:
Originally Posted by herbapou View Post
 

 

The stock is going further down on Tim Cook stupidity.  "people with Apple products loved there devices and used them so we are happy" is not going to help here.

 

Ignorance is bliss. You don't become a $200 Billion+ revenue corporation by being an ignorant CEO. You not buying in on Apple during the iPod phase is the true ignorance.

post #88 of 180
Quote:
Originally Posted by Jack Baker View Post

Apple the only company that would lose 100 billion in market cap on a 10% earnings beat.  The funny think is, it was only down 5% until Cook and Oppenheimer opened their financially obtuse mouths -- that added another 5%.  I thought Cook was supposed to be a supply chain genius?  He still can't anticipate demand for iPhones this late in the product cycle?  Complete incompetence at the one thing that was supposed to be his forte.  

So how would you manage supply chain for oneoff the most valuable companies in the world? Oh what's that? No one hired you?
post #89 of 180

Apple reported first-quarter earnings of $13.1 billion, or $14.50 a share,on $57.6 billion in revenue. During the year-ago period, Apple earned $13.1 billion, or $13.81 a share, on sales of $54.5 billion. Analysts were looking for earnings of $14.09 a share on revenue of $57.47 billion. Apple also said it sold 51 million iPhones in the quarter, up from 47.8 million a year ago. However, many analysts were forecasting iPhone sales of as much as 55 million to 56 million units in the quarter with the 5s/5c release. I agree that it sucks we stockholders get punished for unrealistic goals set by analysts that Apple had little chance of meeting. How in the hell did they expect Apple to go from around 48 to 56 million units? SO instead of celebrating these improvements AAPL gets pounded. Now would be a great time for Apple to buy up more shares. 

post #90 of 180
Quote:
Originally Posted by Jack Baker View Post
 

Cook just gave Icahn A LOT of ammo.  Icahn will be 3 feet up is ass for all of 2014.  

 

No he didn't. The stock was heavily shorted a week before the earnings announcement.

post #91 of 180
Quote:
Originally Posted by herbapou View Post

The stock is going further down on Tim Cook stupidity.  "people with Apple products loved there devices and used them so we are happy" is not going to help here.

Could be worse, people could actually listen to yours.
post #92 of 180
Quote:
Originally Posted by SpamSandwich View Post
 

 

Buying opportunities like this should be taken advantage of... When a drop is irrational, buy on the irrationality.

This works for all stocks except AAPL. This is an incredibly irrational stock. Everyone knows it should be higher but it's a circus and has been that way for over a year.

post #93 of 180
Quote:
Originally Posted by gwmac View Post
 

Apple reported first-quarter earnings of $13.1 billion, or $14.50 a share,on $57.6 billion in revenue. During the year-ago period, Apple earned $13.1 billion, or $13.81 a share, on sales of $54.5 billion. Analysts were looking for earnings of $14.09 a share on revenue of $57.47 billion. Apple also said it sold 51 million iPhones in the quarter, up from 47.8 million a year ago. However, many analysts were forecasting iPhone sales of as much as 55 million to 56 million units in the quarter with the 5s/5c release. I agree that it sucks we stockholders get punished for unrealistic goals set by analysts that Apple had little chance of meeting. How in the hell did they expect Apple to go from around 48 to 56 million units? SO instead of celebrating these improvements AAPL gets pounded. Now would be a great time for Apple to buy up more shares. 

 

I'll repeat myself:

 

Quote:
 This is classic market manipulation. They took the tentative figures projected with the China Mobile deal and back-filled for this quarter, raise the requirements, while shorting the hell out of the stock, so when it falls they actually make money on the amount of it dropping.
post #94 of 180
Quote:
Originally Posted by dstarsboy View Post
 

This works for all stocks except AAPL. This is an incredibly irrational stock. Everyone knows it should be higher but it's a circus.

 

In 5 minutes if I had bought 5 minutes prior I've just made $2+ per share.

 

Make that nearly $3 per share now.

post #95 of 180
Quote:
Originally Posted by Tallest Skil View Post
 

 

DOOMED.

Gay people are doomed?

Shut up and go away, you useless, pathetic FUDmonger - Tallest Skil
Reply
Shut up and go away, you useless, pathetic FUDmonger - Tallest Skil
Reply
post #96 of 180
Quote:
Originally Posted by herbapou View Post
 

 

The stock is going further down on Tim Cook stupidity.  "people with Apple products loved there devices and used them so we are happy" is not going to help here.

 

This post of yours finally cemented my decision to block you. Your comments aren't worth reading.

Proud AAPL stock owner.

 

GOA

Reply

Proud AAPL stock owner.

 

GOA

Reply
post #97 of 180
Quote:
Originally Posted by tribalogical View Post
 


I already wear glasses.

 

So, tell me. How far did Apple's margins drop QoQ and YoY?

 

.7% yoy ... which is plenty when you also consider that margins dropped last year as well.

 

The question becomes... "when will margins hold steady or rise?".

 

As I said... to Wall Street, Apple is all about margins.

na na na na na...
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na na na na na...
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post #98 of 180

It’s just silly to read about the constant claims of ‘stock manipulation’ in these forums.

 

Give up, guys. Stock prices are all about expectations. If you don’t meet them, your stock will, in all likelihood, fall. You can’t legislate or wish away how people form their expectations for the future. Cook and Oppenheimer have a job to manage expectations, if they think it’s too optimistic or pessimistic. For better or worse – typically for worse – they never do.

 

If it’s not something you like, you should stay out of the stock market. It’s really as simple as that.

post #99 of 180
Quote:
Originally Posted by mdriftmeyer View Post

It's a miracle. The stock is already climbing back up.
My guess is tomorrow afternoon the stock won't be down as much as it is now. Right now is an overreaction to iPhone numbers IMO.
post #100 of 180
Quote:
Originally Posted by mdriftmeyer View Post
 

 

Ignorance is bliss. You don't become a $200 Billion+ revenue corporation by being an ignorant CEO. You not buying in on Apple during the iPod phase is the true ignorance.

 

BTW Apple old days of double digit growth are from a different CEO that was a lot more aggressive than the current one.  I am sure TC was very good at operations during that time, but he is playing it "safe" now, like the good operation guy he is.

post #101 of 180
Originally Posted by Jack Baker View Post
I thought Cook was supposed to be a supply chain genius?  He still can't anticipate demand for iPhones this late in the product cycle?  Complete incompetence at the one thing that was supposed to be his forte.  

 

Or, maybe, just maybe, you don’t have the first clue what you’re talking about.

Originally Posted by Slurpy

There's just a TINY chance that Apple will also be able to figure out payments. Oh wait, they did already… …and you’re already f*ed.

 

Reply

Originally Posted by Slurpy

There's just a TINY chance that Apple will also be able to figure out payments. Oh wait, they did already… …and you’re already f*ed.

 

Reply
post #102 of 180
Quote:
Originally Posted by tribalogical View Post
 

"Shares of Apple fell nearly 6 percent after the results were first revealed Monday afternoon. Market expectations called for Apple to post $58 billion in revenues..."

 

Of course, Wall Street sets their own expectations, ignoring Apple's guidance, as if that guidance has no bearing or credibility. If Wall Street accepted Apple's guidance, then they'd be VERY happy with the result. That is, Apple finished very, very close to the top of their guidance. Which was this (from the Q4 2013 call):

 

Apple provided the following guidance for its fiscal 2014 first quarter:

  • revenue between $55 billion and $58 billion (they posted $57.6 Bn ffs!)
  • gross margin between 36.5 percent and 37.5 percent (actual: 37.9. Slightly better than expected)
  • operating expenses between $4.4 billion and $4.5 billion
  • other income/(expense) of $200 million
  • tax rate of 26.25 percent

 

 

It really looks to me like Apple nailed the guidance. Again. Wall Street "analysts" really need to take note! And stop manipulating the stock!

 

For one reason or another, Apple is always conservative on providing guidance.  The market is expecting Apple to exceed the guidance by a good amount and it reflected in the price.  Once that expectation was not met, the stock price tanks.  This game has been played like this for so many quarters.  Nothing new.

post #103 of 180
Quote:
Originally Posted by BeltsBear View Post
 


I am sure it will go fluctuate over the next few days.  I am in no hurry. 

 

If Apple was a money loosing or speculative stock it would be one thing, but they are HUGELY PROFITABLE and nothing substantial has changed.  IOS is super sticky.  Once you touch it most don't leave. 

MSFT is a better bet than aapl

Last year +36% v +8%

post #104 of 180
Quote:
Originally Posted by herbapou View Post
 

 

BTW Apple old days of double digit growth are from a different CEO that was a lot more aggressive than the current one.  I am sure TC was very good at operations during that time, but he is playing it "safe" now, like the good operation guy he is.

 

Just wait to see what happens when TC introduces a new product line into the market. Wall Street analysts are going to have a microscope shoved so far up his butt he'll find it hard to breath.

 

... but I do hope that any new products are well received. I've always liked Apple products and I want to see Apple do well far into the future.

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post #105 of 180
Quote:
Originally Posted by herbapou View Post
 

 

You also need into account what the stock did in the months prior to those earnings. It rised on expectations of better numbers than that so its going down now. Its still up from its $400 lows.

 

Mhm.... and where did those "expectations of better numbers" come from? The false narratives created by market manipulators (aka "analysts") perhaps? Apple would have had to beat their guidance even further to beat those expectations. They nailed or exceeded their own guidance. Why does ANYTHING ELSE matter at this point?

 

Gross margin was 38.6 a year ago. It was 37.9% today, but the sales and revenue were substantially higher, and more than made up for the slight decline in margin (and, last I checked, a .7% difference in overall margins on $10's of billions in total revenues is considered a paltry adjustment).

 

There is no rational reason for the precipitous sell-off here. None. It's greed, followed by panic, followed by further downward driven 'fever' perpetuated by the very people wanting to snap up more shares at $50 a share less...

 

Mark my words. It will be back to $550 or higher within days, if not by the end of trading tomorrow...

post #106 of 180
Quote:
Originally Posted by ipen View Post

For one reason or another, Apple is always conservative on providing guidance.  The market is expecting Apple to exceed the guidance by a good amount and it reflected in the price.  Once that expectation was not met, the stock price tanks.  This game has been played like this for so many quarters.  Nothing new.
Except Apple changed how they provide guidance. They used to sandbag and provide guidance that they could easily beat. Now they provide guidance that is more realistic. So Wall Street shouldn't expect them to blow past guidance.
post #107 of 180
Quote:
Originally Posted by anantksundaram View Post
 

It’s just silly to read about the constant claims of ‘stock manipulation’ in these forums.

 

Give up, guys. Stock prices are all about expectations. If you don’t meet them, your stock will, in all likelihood, fall. You can’t legislate or wish away how people form their expectations for the future. Cook and Oppenheimer have a job to manage expectations, if they think it’s too optimistic or pessimistic. For better or worse – typically for worse – they never do.

 

If it’s not something you like, you should stay out of the stock market. It’s really as simple as that.

 

well, stock manipulation is pretty much defined by "manipulating expectation", so.... you're right about that.

post #108 of 180
Quote:
Originally Posted by Rogifan View Post


My guess is tomorrow afternoon the stock won't be down as much as it is now. Right now is an overreaction to iPhone numbers IMO.

 

None of these large sells are long-term investment portfolios. They are straight up hedging and/or shorting to manipulate a positional advantage. To read others crying foul that WS is some benevolent financial apparatus is effing retarded.

post #109 of 180
Quote:
Originally Posted by jungmark View Post


So how would you manage supply chain for oneoff the most valuable companies in the world? Oh what's that? No one hired you?

No but any MBA with 12 years' experience at IBM directing supply chain could do as good a job.

Shut up and go away, you useless, pathetic FUDmonger - Tallest Skil
Reply
Shut up and go away, you useless, pathetic FUDmonger - Tallest Skil
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post #110 of 180
Quote:
Originally Posted by tribalogical View Post
 

 

Mhm.... and where did those "expectations of better numbers" come from? The false narratives created by market manipulators (aka "analysts") perhaps? Apple would have had to beat their guidance even further to beat those expectations. They nailed or exceeded their own guidance. Why does ANYTHING ELSE matter at this point?

 

Gross margin was 38.6 a year ago. It was 37.9% today, but the sales and revenue were substantially higher, and more than made up for the slight decline in margin (and, last I checked, a .7% difference in overall margins on $10's of billions in total revenues is considered a paltry adjustment).

 

There is no rational reason for the precipitous sell-off here. None. It's greed, followed by panic, followed by further downward driven 'fever' perpetuated by the very people wanting to snap up more shares at $50 a share less...

 

Mark my words. It will be back to $550 or higher within days, if not by the end of trading tomorrow...

 

would be nice if it rebounded that quick, but guidance was not very good, so why would it rebound? You can't have it both ways, you can't want to dismiss analyst and used Apple guidance and want a rebound at the same time.  If Apple guidance is golden, then the stock is dead money for the next 3 months...  this is why the market doesn't work like you want it to...


Edited by herbapou - 1/27/14 at 3:10pm
post #111 of 180
Quote:
Originally Posted by ipen View Post
 

 

For one reason or another, Apple is always conservative on providing guidance.  The market is expecting Apple to exceed the guidance by a good amount and it reflected in the price.  Once that expectation was not met, the stock price tanks.  This game has been played like this for so many quarters.  Nothing new.

 

That's not how it is anymore. No-one should be expecting Apple to exceed their guidance by any significant margin now. 

 

Apple always was seemingly conservative, but they've changed how they estimate it. Specifically with the intent of falling within the range of guidance. e.g. $55 ~ 58 Bn, and they came in at $57.6... just slightly below the high end of the estimate.

 

There's really no sane rationale for the market response. But then, who ever said the market was sane? :)

post #112 of 180
Quote:
Originally Posted by Tallest Skil View Post
 

 

Look at all that proof of anything. :no:

I dont think iPhone 5c is bad phone in fact i kinda start to like it but the iPhone 5 was better specially the black one, most smart people (inclunding me) just waited for Apple to launch 5s so they can get the cheaper iPhone 5 

 

 

Reply

 

 

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post #113 of 180
Quote:
Originally Posted by Just_Me View Post
 

MSFT is a better bet than aapl

Last year +36% v +8%

/Sarcasm on

 

Sure.  With the success of Windows 8 I am sure this year will be even better for MSFT. 

 

/Sarcasm off

post #114 of 180

Hi Guys,

- 8%

Good night

post #115 of 180
Quote:
Originally Posted by BeltsBear View Post
 

/Sarcasm on

 

Sure.  With the success of Windows 8 I am sure this year will be even better for MSFT. 

 

/Sarcasm off

True. All VISTA users are finally outnumbered by OSX

post #116 of 180
Quote:
Originally Posted by Rogifan View Post


How do you define bad? 51 million iPhones is second only Samsung as the most phones sold in a quarter. And Samsung sells a lot more phone models than Apple does.

 

I don't remember ever seeing Samsung report how many mobile phones they sold. Shipped? Yes. Sold? No.

 

If you have any references to such, please post.

 

Until then, I would be most interested in, 'How many iPhones Apple shipped'.

post #117 of 180
Quote:
Originally Posted by tribalogical View Post

That's not how it is anymore. No-one should be expecting Apple to exceed their guidance by any significant margin now. 

Apple always was seemingly conservative, but they've changed how they estimate it. Specifically with the intent of falling within the range of guidance. e.g. $55 ~ 58 Bn, and they came in at $57.6... just slightly below the high end of the estimate.

There's really no sane rationale for the market response. But then, who ever said the market was sane? 1smile.gif
no there is no rational for such a decline after market. I could understand the stock maybe being flat to slightly down, but down 8%? That's just ridiculous. There was nothing in these numbers or future guidance that warrant an 8% drop.
post #118 of 180
Quote:
Originally Posted by island hermit View Post
 

 

.7% yoy ... which is plenty when you also consider that margins dropped last year as well.

 

The question becomes... "when will margins hold steady or rise?".

 

As I said... to Wall Street, Apple is all about margins.

 

OK, "to wall street" maybe that's true to a degree.

 

But honestly, on sales in the $10s of billions, a .7% YoY margin swing is not remotely considered a price mover. Plenty of other concepts are in play here. Especially when they improved by a similar amount (.9%) over the previous quarter (which already answers your question, "when will margins hold steady or rise?" They just rose .9% QoQ). I could check to see if that is a trend over multiple quarters, but those micro-movements are probably not as important as you're making them out to be. 

 

Down .7% YoY, up .9% QoQ (they came in at a 37% margin the previous quarter).... that says, "they are sustaining margins" to me (yeah, I still need my glasses, sadly). Small shifts are not the issue at all. The swing from 40% to 37% (Q4 '12 ~ Q4 '13) was probably more meaningful, but easily explained, as sustaining those kinds of margins (40% and above) is frankly unrealistic and dangerous over a longer term. It prevents managed shifts in pricing and supply to remain competitive. Especially in a market where you are pretty much the only company earning a significant slice of the overall pie. And, most of that movement happened in one quarter the year before, not over time as a rapidly declining trend. No, Apple still enjoys record quarters in all metrics pretty much across the board...

 

So, regardless of what "wall street" obsesses on in the immediate, I disagree that "it's all about margins", just like I disagree that "it's all about growth potential"... those alone aren't what give the stock its fundamental value.

 

Looking at the bigger picture, Apple stock should be doing fine, so I suspect it will be back up in pretty short order here. Watch the next few hours and days. I may be golden or I may eat crow. We'll see! :D

post #119 of 180
Quote:
Originally Posted by herbapou View Post
 

 

BTW Apple old days of double digit growth are from a different CEO that was a lot more aggressive than the current one.  I am sure TC was very good at operations during that time, but he is playing it "safe" now, like the good operation guy he is.

 

Well, that would all be a great narrative if it didn't fly directly in the face of facts and recent history.

 

Under Tim Cook, Apple has enjoyed the most significant growth in its entire history. Yes. That's a fact (never mind the price of the stock on any given day). It was under Tim Cook's leadership that the company rocketed into its "most valuable company" status, which it also enjoys today. (Or did, I'm not sure if the $50 drop after hours changed that or not).

 

I don't know where you get these wild speculations about TC "playing it safe" etc. The Mac Pro release is HARDLY a 'safe play', ya think?

 

Herby, your posts are becoming more and more filled with supposition and invention, and starting to appear a lot more troll-like to me. What's up with that?

post #120 of 180
Quote:
Originally Posted by herbapou View Post
 

 

would be nice if it rebounded that quick, but guidance was not very good, so why would it rebound? You can't have it both ways, you can't want to dismiss analyst and used Apple guidance and want a rebound at the same time.  If Apple guidance is golden, then the stock is dead money for the next 3 months...  this is why the market doesn't work like you want it to...

 

In what way was the guidance "not very good"? You keep saying that, but where's the beef!?

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