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Earnings Preview: Wall Street expects solid quarter from Apple, but focus is on the fall

post #1 of 41
Thread Starter 
While many Apple observers expect the company to reveal solid year-over-year growth for its relatively quiet June quarter, much of the focus will be on new CFO Luca Maestri's guidance for the fall with updated iPhones and iPads on the horizon, the expected closing of the Beats acquisition, and the possibility of a so-called "iWatch."

Apple


Cowen & Co.'s Timothy Arcuri was bullish on Apple's prospects in a Monday morning note to investors, predicting that the Cupertino, Calif.-based company would beat the Wall Street consensus. The bank expects earnings per share of $1.17 on revenue of $36.6 billion, compared to $35.4 billion one year ago.

Arcuri believes Apple may have sold as many as 38 million iPhones thanks to "tepid demand" for competitors like Samsung's Galaxy S5 and the increasing availability of high-speed LTE wireless connections in growth markets, including mainland China. In contrast, the 12.5 million iPads Apple is thought to have sold through June would represent a modest drop from the 14.6 million tablets the company shipped in the year-ago quarter.

Piper Jaffray's Gene Munster, meanwhile, sees sales of 35 million to 36 million iPhones and 14 million to 15 million driving revenue of $38 billion, a 7 percent year-over-year increase.

Both analysts are looking to Apple's September guidance for evidence of the company's launch schedule for its next-generation products. A late September launch for the so-called "iPhone 6" could mean a boost of as much as $2 billion to Apple's revenues for the quarter, Munster believes, driving them as high as $41 billion.

Other topics analysts are sure to press Cook and Maestri on include Apple's $3 billion acquisition of Beats -- which Cook previously said would be accretive to revenues in the fourth quarter -- and the effectiveness of its recent 7-for-1 stock split. The company's new enterprise partnership with computing giant IBM is also likely to be on the docket.

AppleInsider will provide live coverage of Apple's earnings call for the company's fiscal third quarter -- the company's first with Maestri at the helm -- on July 22.
post #2 of 41
Oops, wrong thread.
I’d rather have a better product than a better price.
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post #3 of 41
Quote:
Originally Posted by PhilBoogie View Post

Oops, wrong thread.

Best first post ever ... 1wink.gif
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From Apple ][ - to new Mac Pro I've used them all.
Long on AAPL so biased
"Google doesn't sell you anything, they just sell you!"
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post #4 of 41
I wonder if the average Murderers' Row analyst will take into account (going forward) the presence of that new board member as influential to the stock price?

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #5 of 41

New product lines are not guaranteed to succeed, even from Apple. When John Sculley took over from Steve, his first entirely new product line was the Newton Message Pad. It flopped and he got the axe.

post #6 of 41
I don't envy Maestri his first guidance. How could one possibly forecast sales for an entirely new slew of products, and possible new product categories!?
post #7 of 41
Quote:
Originally Posted by ascii View Post

New product lines are not guaranteed to succeed, even from Apple. When John Sculley took over from Steve, his first entirely new product line was the Newton Message Pad. It flopped and he got the axe.

You are funny.
post #8 of 41
Quote:
Originally Posted by SpamSandwich View Post

I wonder if the average Murderers' Row analyst will take into account (going forward) the presence of that new board member as influential to the stock price?

I'd guess zero.
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post #9 of 41
Quote:
Originally Posted by DCJ001 View Post


You are funny.

Doesn't the (rumored) iWatch concept feel vaguely PDA-ish to you?

The original Newton promised futuristic handwriting recognition that never quite worked. The iWatch promises futuristic speech recognition that...

post #10 of 41
iPhone sales will match last Q's numbers of over 40 million. China mobile 4g sales increased by 11+ million q-on-q. Look at china Unicom and china telecom, sales are up too.

This Q (2Q calendar 2914, apple's fisca 3Q, china overtakes Europe and the u.s. in iPhone sales.

The analysts will of course turn this into a negative and say that because the5S is still selling, there will be less upgrades for the iPhone 6.
post #11 of 41
Quote:
Originally Posted by digitalclips View Post

Quote:
Originally Posted by PhilBoogie View Post

Oops, wrong thread.

Best first post ever ... 1wink.gif

Wow, you even found a way to make it funny!

Although I think this post is the best I ever saw. In order to 'appreciate it' one does need to read the article, or skim through it:
http://www.roughlydrafted.com/2010/07/07/how-to-speed-up-your-iphone-3g-running-ios4/#more-4367
I’d rather have a better product than a better price.
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post #12 of 41
Meant calendar 2014 not 2914
post #13 of 41
Quote:
Originally Posted by ascii View Post
 

Doesn't the (rumored) iWatch concept feel vaguely PDA-ish to you?

The original Newton promised futuristic handwriting recognition that never quite worked.

You really are funny. Did you know that there hasn't been a HWR system developed that beats what Apple put into Newton OS 2.1 (the final revision)? Galaxy Note reviews have compared, it still can't match the Newton.

Too many Apple products to list...Long on AAPL, so take what I say with a bucket of salt.

You are only relevant...if your customers love you.

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Too many Apple products to list...Long on AAPL, so take what I say with a bucket of salt.

You are only relevant...if your customers love you.

Reply
post #14 of 41
Quote:
Originally Posted by TheWhiteFalcon View Post

... HWR ...

Does anyone know if the Chinese character recognition on the iPhone is any good/useful for the Chinese?
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I’d rather have a better product than a better price.
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post #15 of 41
Quote:
Originally Posted by SpamSandwich View Post

I wonder if the average Murderers' Row analyst will take into account (going forward) the presence of that new board member as influential to the stock price?

Since they seemingly don't do it to other companies, they probably won't do it to Apple either.

 

Just a guess.

post #16 of 41
How is this possible when Apple hasn't updated anything since Cook became CEO¡
Edited by SolipsismX - 7/21/14 at 7:46am

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post #17 of 41
Quote:
Originally Posted by SolipsismX View Post

How is this possible when Apple hasn't updated anything since becoming CEO.

 

Maestri's the CFO, not CEO.

 

The note is about Maestri's guidance for the upcoming quarter(s) with the assumption that there will be an updated lineup of iPhones and iPads during the time frame in question.

 

Apple will give some basic guidance in terms of revenue, EPS, etc. but won't give specifics on the exact nature of product line changes.

 

Is this the first time you've paid attention to a fiscal earnings announcement from any publicly-traded company?

post #18 of 41
Quote:
Originally Posted by mpantone View Post

Maestri's the CFO, not CEO.

I'm not talking about Maestri.

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post #19 of 41

Well, the article is.

 

The CFO often takes the helm during earnings announcements, not just at Apple, but many other companies as well.

post #20 of 41
Quote:
Originally Posted by SolipsismX View Post

I'm not talking about Maestri.

I see he removed 'Cook' from your quote, I hate that when people edit what someone posts then make some snarky reply to the now totally different meaning.
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post #21 of 41
Quote:
Originally Posted by digitalclips View Post

I see he removed 'Cook' from your quote, I hate that when people edit what someone posts then make some snarky reply to the now totally different meaning.

He quoted exactly what I wrote. I edited my comment after I read his reply to make my comment more clear.

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post #22 of 41
Quote:
Originally Posted by digitalclips View Post


I see he removed 'Cook' from your quote, I hate that when people edit what someone posts then make some snarky reply to the now totally different meaning.

SolipsismX heavily edited his post after I submitted my reply.

 

Here is SolipsismX's original post:

 

Quote:
How is this possible when Apple hasn't updated anything since becoming CEO. [sic]

In this case, it is SolipsismX who is attempting to rewrite history by editing a sloppy comment.

 

And here is the edited version:

 

Quote:
How is this possible when Apple hasn't updated anything since Cook became CEO¡

 

Let's see if SolipsismX tries to edit this one again.


Edited by mpantone - 7/21/14 at 8:19am
post #23 of 41
Quote:
Originally Posted by mpantone View Post
 

SolipsismX heavily edited his post after I submitted my reply.

 

Here is SolipsismX's original post:

 

In this case, it is SolipsismX who is attempting to rewrite history by editing a sloppy comment.


Take the high horse back to the barn now, please. Thank you.

 

He replied 9 minutes before you, explaining that you did not misquote him.

post #24 of 41

Nope, just reporting what actually happened. Admittedly, around here that's a bit unusual.

 

:D 

 

Note that my first unedited reply (post #17) includes SolipsismX original comment (post #16) which was the one that was subsequently altered.


Edited by mpantone - 7/21/14 at 8:28am
post #25 of 41
Quote:
Originally Posted by mpantone View Post

In this case, it is SolipsismX who is attempting to rewrite history.

So where exactly am I trying to rewrite history? I thought my comment was clear. Since Apple only has one CEO I thought it was clear I was referring to Cook and the naysayers that claim Apple hasn't released any new products because they haven't released any new product categories. My initial comment may not have been as clear as it could be but you also made an erroneous assumption, which is something you have yet to admit.


PS: You've edited your last two posts. Does that mean you're trying to rewrite history? 1oyvey.gif
Edited by SolipsismX - 7/21/14 at 8:41am

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post #26 of 41

Ahahaha, your comment wasn't even clear to you, that's why you edited post #16.

 

I edited my last two posts to correct some typos. Regardless, it still doesn't change why you went back to completely rewrite post #16.

post #27 of 41
I guess Monday is starting off with a troll. This doesn't bode well for the rest of the week. 1hmm.gif

Quote:
Originally Posted by mpantone View Post

Ahahaha, your comment wasn't even clear to you, that's why you edited post #16.

I edited my last two posts to correct some typos. Regardless, it still doesn't change why you went back to completely rewrite post #16.

It wasn't clear to me? That doesn't even make sense.

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post #28 of 41

This is absolutely accurate.  Apple has been coasting on past products, and Cook has delivered precisely nothing thus far.  I very much hope these fall launches are amazing, but Apple really bet the bank on it.

post #29 of 41
Quote:
Originally Posted by manfrommars View Post

This is absolutely accurate.  Apple has been coasting on past products, and Cook has delivered precisely nothing thus far.  I very much hope these fall launches are amazing, but Apple really bet the bank on it.

I called this one. Nothing? Nothing at all has been released since Cook became CEO?

Just in 2013 alone…
  • 13" MBP refreshed twice that year.
  • 15" MBP refreshed twice that year.
  • 21.5" iMac refreshed twice that year.
  • 27" iMac refreshed.
  • 11" MBA refreshed.
  • 13" MBA refreshed.
  • The New Mac Pro was introduced after 9 years of the same design.
  • iPad Air was introduced.
  • Retina iPad mini was introduced.
  • High-end iPhone was refreshed.
  • Mid-range iPhone was introduced to tackle more markets and quickly took position number 2 and settled as number 3 for the world's most popular smartphone.
  • 16GB iPod Touch was introduced to tackle more markets.
  • New AirPort Extreme and Time Capsule with 802.11ac were refreshed and given a new design.
  • Mac OS X got a new name and a major overhaul, not to mention it was made free.
  • iOS was redesigned from the ground up to be a modern OS that eschews the gimmicky look of the 2007 design.
  • iWork and iLife suite apps got a major overhaul, and most apps free with purchase of an Apple product.
  • iCloud had a major overhaul and more interconnects for smoother accessibility between devices.
  • Touch ID become the first consumer biometric that was actually useful.
  • 64-bit ARM processor with AArch64 was introduced with an OS, included apps, and IDE that full supported it, not to mention excellent documentation to help get 3rd-party developers to quickly support the better architecture.

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post #30 of 41
Quote:
Originally Posted by SolipsismX View Post

I called this one. Nothing? Nothing at all has been released since Cook became CEO?

Just in 2013 alone…
  • 13" MBP refreshed twice that year.
  • 15" MBP refreshed twice that year.
  • 21.5" iMac refreshed twice that year.
  • 27" iMac refreshed.
  • 11" MBA refreshed.
  • 13" MBA refreshed.
  • The New Mac Pro was introduced after 9 years of the same design.
  • iPad Air was introduced.
  • Retina iPad mini was introduced.
  • High-end iPhone was refreshed.
  • Mid-range iPhone was introduced to tackle more markets and quickly took position number 2 and settled as number 3 for the world's most popular smartphone.
  • 16GB iPod Touch was introduced to tackle more markets.
  • New AirPort Extreme and Time Capsule with 802.11ac were refreshed and given a new design.
  • Mac OS X got a new name and a major overhaul, not to mention it was made free.
  • iOS was redesigned from the ground up to be a modern OS that eschews the gimmicky look of the 2007 design.
  • iWork and iLife suite apps got a major overhaul, and most apps free with purchase of an Apple product.
  • iCloud had a major overhaul and more interconnects for smoother accessibility between devices.
  • Touch ID become the first consumer biometric that was actually useful.
  • 64-bit ARM processor with AArch64 was introduced with an OS, included apps, and IDE that full supported it, not to mention excellent documentation to help get 3rd-party developers to quickly support the better architecture.

Shhhhh. They don't count. Cook hasn't been CEO of three companies!!! /s

Still analysts will always gloom the next qtr: Can Apple keep it up? The underlining meaning is: analysts want to be the first to predict Apple's eventual doom even if they have been wrong for 15 years. One day they might be right.
post #31 of 41
Quote:
Originally Posted by jungmark View Post

Shhhhh. They don't count. Cook hasn't been CEO of three companies!!! /s

Still analysts will always gloom the next qtr: Can Apple keep it up? The underlining meaning is: analysts want to be the first to predict Apple's eventual doom even if they have been wrong for 15 years. One day they might be right.

That probably won't change since that's what they said when Jobs was CEO. Only after he died did the asshats move the goalposts to say, "Sure, Jobs could do it, but now Apple will crumble."

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post #32 of 41
Quote:
Originally Posted by ascii View Post
 

Doesn't the (rumored) iWatch concept feel vaguely PDA-ish to you?

The original Newton promised futuristic handwriting recognition that never quite worked. The iWatch promises futuristic speech recognition that...


Hmmm, I don't remember Apple promising anything with the iWatch as of yet.  How can it promise futuristic speech recognition, when it hasn't even been announced?

post #33 of 41
Quote:
Originally Posted by SolipsismX View Post


I called this one. Nothing? Nothing at all has been released since Cook became CEO? ...
 

SolipsismX's response was exactly right, except that the original poster's name was "ManFromMars".  In other words, he was sharing his perspective with us, which indeed looks like the perspective of someone living on a different planet :smokey: 

post #34 of 41
Quote:
Originally Posted by ascii View Post
 

Doesn't the (rumored) iWatch concept feel vaguely PDA-ish to you?

The original Newton promised futuristic handwriting recognition that never quite worked. The iWatch promises futuristic speech recognition that...

No, the rumored iWatch does not feel PDA-ish to me.  Apple touted handwriting recognition on the Newton, but no one has heard what Apple will tout for the iWatch.  I speculate that the iWatch will be very Jobsian, meaning they're thinking about how it can enhance our lives by applying advanced electronics technology to human lives.  In contrast, the Newton always seemed geeky to me, engineer-driven with insufficient consideration of the humanities.  Newton seemed like something Microsoft or Samsung or Google would have created.  The iWatch seems like ...  Well, I don't know what it seems like.  I, just like everybody else, have to be patient and wait for Apple to share their vision.  

post #35 of 41
Quote:
Originally Posted by SolipsismX View Post


I called this one. Nothing? Nothing at all has been released since Cook became CEO?

Just in 2013 alone…
  • 13" MBP refreshed twice that year.
  • 15" MBP refreshed twice that year.
  • 21.5" iMac refreshed twice that year.
  • 27" iMac refreshed.
  • 11" MBA refreshed.
  • 13" MBA refreshed.
  • The New Mac Pro was introduced after 9 years of the same design.
  • iPad Air was introduced.
  • Retina iPad mini was introduced.
  • High-end iPhone was refreshed.
  • Mid-range iPhone was introduced to tackle more markets and quickly took position number 2 and settled as number 3 for the world's most popular smartphone.
  • 16GB iPod Touch was introduced to tackle more markets.
  • New AirPort Extreme and Time Capsule with 802.11ac were refreshed and given a new design.
  • Mac OS X got a new name and a major overhaul, not to mention it was made free.
  • iOS was redesigned from the ground up to be a modern OS that eschews the gimmicky look of the 2007 design.
  • iWork and iLife suite apps got a major overhaul, and most apps free with purchase of an Apple product.
  • iCloud had a major overhaul and more interconnects for smoother accessibility between devices.
  • Touch ID become the first consumer biometric that was actually useful.
  • 64-bit ARM processor with AArch64 was introduced with an OS, included apps, and IDE that full supported it, not to mention excellent documentation to help get 3rd-party developers to quickly support the better architecture.

I bet even had you used the [sarcasm]  [/sarcasm] codes you'd have gotten bites.

post #36 of 41
Quote:
Originally Posted by TheWhiteFalcon View Post
 

... still can't match the Newton.

Eat Martha.

post #37 of 41
Quote:
Originally Posted by Neil Anderson View Post

Eat Martha.
Actually "Eat up Martha".
post #38 of 41
Quote:
Originally Posted by Neil Anderson View Post

Eat Martha.

Perhaps a bit funny, but in no way representative of the final Newton OS release. Perhaps we can next start making jokes about how the iPhone doesn't have a copy/paste function.

Too many Apple products to list...Long on AAPL, so take what I say with a bucket of salt.

You are only relevant...if your customers love you.

Reply

Too many Apple products to list...Long on AAPL, so take what I say with a bucket of salt.

You are only relevant...if your customers love you.

Reply
post #39 of 41
Originally Posted by manfrommars View Post
This is absolutely accurate.  Apple has been coasting on past products, and Cook has delivered precisely nothing thus far.  I very much hope these fall launches are amazing, but Apple really bet the bank on it.

 

Sorry, you seem to be in the wrong place.

post #40 of 41
Quote:
Originally Posted by delreyjones View Post
 

No, the rumored iWatch does not feel PDA-ish to me.  Apple touted handwriting recognition on the Newton, but no one has heard what Apple will tout for the iWatch. 

 

Well, Tim Cook was dropping hints about the importance of speech interfaces earlier this month:

http://appleinsider.com/articles/14/07/02/apples-cook-says-ios-8-voice-messaging-a-key-feature-prompts-speculation-of-inclusion-in-iwatch-

 

If it did have a touch interface, I'm not sure a watch face would have room for more than 1 or 2 buttons. Remember Apple would not make a big silly sized one, it would be small and elegant. My bet is for speech as the primary interface, backed by Siri and/or some Watson tech from the new IBM partnership. And I just think there is a striking parallel there between the first product released by the last man to take over from Steve, and this one. It's almost like they feel they have to really push the tech limits to live up to him.

 

Journalists leapt on the handwriting recognition errors in the Newton, and it will take a modern Microsoft-loving journalist about 10 seconds to find a voice query where Siri/Watson powered iWatch gives a nonsense answer, and plaster it all over the Internet.

 

Quote:
Originally Posted by delreyjones View Post
 

I speculate that the iWatch will be very Jobsian, meaning they're thinking about how it can enhance our lives by applying advanced electronics technology to human lives.  In contrast, the Newton always seemed geeky to me, engineer-driven with insufficient consideration of the humanities.  Newton seemed like something Microsoft or Samsung or Google would have created.  The iWatch seems like ...  Well, I don't know what it seems like.  I, just like everybody else, have to be patient and wait for Apple to share their vision.  

We will have to wait and see. I think the PDA wasn't too geeky, it was just business focussed instead of general purpose. And the iWatch rumours suggest a health focus instead of general purpose.

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