Apple earnings come in flat at $13.1B on sales of 47.8M iPhones, 22.9M iPads and 4.1M Macs

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  • Reply 121 of 157
    focherfocher Posts: 687member

    Quote:

    Originally Posted by stelligent View Post


    Sure, lower GM is scaring some people. But bearing in mind that iPad Mini and iPhone 5 remain new, with iPhone 5 already notorious for being hard to build. This is bound to improve.



    This is the most hilarious part of people having a negative reaction (after filtering out the morons who want to create a different set of rules for AAPL). First, Apple already stated in the last earnings call that gross margin would shrink in this latest quarter. And they said why. Large capital investments for so many simultaneous product launches - iPhone 5, iPad mini, new iPods, and the new iMac. They already explained it three months ago. What they also explained is that gross margin would return over time.


     


    But none of it matters. The fools drown out anyone with a clue. I think Apple's management thinks it's funny, and probably provides a competitive advantage. Many outsiders really believe Apple has problems, while Apple continues to release products that outsell every other product in their categories all while bringing in ungodly amounts of profit. Other companies chase market share, while Apple takes the market profit. Wall Street can play whatever game they want, I'll take the dividends and growth strategy which will ultimately be reflected in the share price. I'm glad Apple could care less about day traders.

  • Reply 122 of 157
    Well, what can I say? When fans turn into blind fanatics, all arguments go to waste. Forum administrators here blocked and hid several of my posts where I clearly argued that AAPL will fall. They came up with lame excuses about spam filter blocking my posts, which is total BS. I have been on this forum for over 7 years and my posts had never been blocked before nor did they contain any links or other red flags. The administrators simply did not want to see any arguments about AAPL falling, irrespective of merit or logic they contained. I just wanted to inform those investors, who were interested in protecting their capital. As soon as iPhone 5 came out, it was clear to me and to many others that the stock will fall. I will not repeat details again for the fear of being blocked here but those interested might just google AAPL DNA Principles and see if they agree with 4 reasons as to why AAPL will experience further declines.
  • Reply 123 of 157
    srangersranger Posts: 473member

    Quote:

    Originally Posted by jragosta View Post





    Over valued? By what rational measure?



    The most common measure of stock value is P/E. Even before this 'correction', Apple's forward, cash-adjusted P/E was in the low 7 range while the average stock was almost 3 times that. By that standard, Apple's profits would have to drop by 67% just to get the P/E back to market levels - which would assume that Apple would grow at market rates.



    WIth Apple's recent growth history, the stock should have been trading at a multiple HIGHER than the market as a whole - so it was already grossly undervalued.

    When was the stock flying high? In terms of P/E, I can't remember a time when Apple's P/E was greater than the market average - so it has never been overvalued, at least by that measure.


     


     


    The problem is that it was over hyped due to recent success.  The projections were based on unrealistic growth curves....


     


    While P/E is a good measure of current health of a company, the potential for profit growth is what really drives stock prices up or down.....


     


    Apple is very healthy and will continue to grow.  While it is currently down to about $460.00 it will be back up to the $500.00 mark by the end of the week (maybe by the end of the day tomorrow).  Then you will see a more shallow but steady price growth.....


     


    This is not a conspiracy as many here claim.  It is just how the market works...

  • Reply 124 of 157
    richlrichl Posts: 2,213member


    Two points:


     


    1) The saying goes "buy on rumor, sell on news". Stock often goes down after results are made public, even when the results are good.


     


    2) The stock price of a company does not reflect how well a company is doing, it reflects how well people perceive it to be doing. P/E ratios mean very little.

  • Reply 125 of 157
    MarvinMarvin Posts: 14,737moderator
    Apple announced Wednesday a profit of $13.1 billion, or $13.81 per diluted share, on record quarterly revenue of $54.5 billion for the three-month period ended December 29th, 2012.

    Apple sold a record 47.8 million iPhones in the quarter, compared to 37 million in the year-ago quarter.

    That's impressive, I thought 50 million was optimisitic even though it followed the growth from before and they came pretty close to it. Even more impressive is they beat Samsung:

    http://www.techspot.com/news/51294-samsungs-record-quarter-83-billion-profit-63-million-phones-sold.html

    Samsung sold more handsets overall but the Galaxy S3 only accounted for 15 million and the Galaxy Note II, 8 million. The rest was made up from their other 35 models of phone. I guess people don't want those big screens after all. The iPhone 5 will easily make up over half of the total iPhones sold so the iPhone 5 outsold the S3 and Note II combined.

    Apple's profit is higher too on the lower overall volume.
    Apple also sold 12.7 million iPods in the quarter, compared to 15.4 million in the year-ago quarter.

    Looks like people don't want just an MP3 player any more. Still, they'll ride it out - I reckon one day the off-contract price of the iPhone will come somewhat in line with the iPods. With phone subsidies, it will appear cheaper to some people as they'd be paying for a mobile phone in any case.
  • Reply 126 of 157
    jragostajragosta Posts: 10,473member
    sranger wrote: »

    The problem is that it was over hyped due to recent success.  The projections were based on unrealistic growth curves....

    While P/E is a good measure of current health of a company, the potential for profit growth is what really drives stock prices up or down.....

    Apple is very healthy and will continue to grow.  While it is currently down to about $460.00 it will be back up to the $500.00 mark by the end of the week (maybe by the end of the day tomorrow).  Then you will see a more shallow but steady price growth.....

    This is not a conspiracy as many here claim.  It is just how the market works...

    Overhyped? Which planet are you living on? There's been nothing but negative news about Apple for months.
  • Reply 127 of 157
    stelligent wrote: »
    ASP of iPads went down from $535 to $467, a drop of $68. Given that the difference in the starting prices of iPad and iPad Mini is $170, this might suggest more Mini's were sold.

    No it suggests that some minis were sold. If a majority were minis you would expect the drop to be closer to 85. This isn't alarming or surprising. The mini was a fresh new product. The regular was a small upgrade that added a faster processor and the lightning connector.
  • Reply 128 of 157


    Well, Tim has got an even rougher year ahead of him.


     


    All he has to do is show much better yoy performance in the next 3 quarters. Easy peezy.


     


    (I wouldn't want to be in his shoes)

     

  • Reply 129 of 157
    b9botb9bot Posts: 238member
    The Anal-ists have lost there minds!
  • Reply 130 of 157
    "Apple wrote:
    [" url="/t/155594/apple-earnings-come-in-flat-at-13-1b-on-sales-of-47-8m-iphones-22-9m-ipads-and-4-1m-macs/40#post_2263369"]I bought a few extra shares of AAPL last week. And today right before close, I was just sitting around, smoking a joint, and a little voice pops into my head. It tells me, don't be a moron and don't be emotionally attached to any stock, no matter how much you may like it, sell it now for a guaranteed small profit, instead of taking a big risk, like a degenerate, alcoholic gambler in Las Vegas. Wall Street's expectations for Apple are so ridiculously high, that almost anything besides absolute blowout numbers are a disappointment. So after a few more puffs, I sold, and I am sure glad that I did. 

    I no longer invest exclusively in Apple, like I did when I first started. Frankly, I don't give a crap about which company that I put my money into for short term positions. The only thing that counts for me is if the stock goes up or down.

    That's probably a pragmatic position...

    Which is depressing. Our financial system is a hopelessly rigged game; with one party in the pockets of corporations and one party in the pockets of the hedge fund managers it makes sense that our economy is a senseless schizophrenic.

    It would be pretty fantastic at this point if it just sort of worked, but beyond that, wouldn't it be a trip if you could, ya know, invest in companies that you genuinely wanted to see succeed; ones that you believed in? That would be an outright foolish endeavor, the way things are now.

    What is even more depressing is the fact that the Dems and Republicans have talented, intelligent policy guys working for them; guys that could figure out these issues and come up with a system that doesn't rely on analysts reading the entrails of chickens or getting high on meth and reading a "crystal" ball to set a stock price. But our government has bigger concerns, like a pissing match to see to, and the alternative, open rebellion... well, that wouldn't be painless, if we venture no further prediction.

    But yeah, until things are fundamentally different than they are now, it's better to play it clever, and not let the merits of the company itself enter into your thinking, unless you're keeping your thinking quarter-to-quarter. :\
  • Reply 131 of 157
    sranger wrote: »

    While P/E is a good measure of current health of a company, the potential for profit growth is what really drives stock prices up or down.....

    I don't think you understand the concept of a P/E ratio and how/why it's fundamentally a verdict on a company's future growth prospects, not its "current health."

    Best to move along.....
  • Reply 132 of 157
    They keep driving down Apple's stock even with record breaking profits. Damn!
    Its all money all day with Apple. Wow. It burns me up how the Markets are manipulating Apple stock so conspicuously. SMMFH!
    And of course, it ain't enough because it is never enough money for them. Even if we give Wall Street playas the printing plates, ink and paper from the treasury it wouldn't be enough.
  • Reply 133 of 157

    Apple's profit margins are dropping, due to being forced by competitors. 


     


    Google and Amazon are very scary to Apple's bottom line because they don't give a crap about hardware profits. Google would put a nexus 7 in every cereal box if it could. 


     


    Nexus 4, Nexus 10, Nexus 7, Amazon Kindle fire HD, ect.. are all about getting people to buy more stuff and looking at ads. 


     


    But by far the biggest threat to Apple is the Telecom Subsidy economy going bust in the U.S. 


    Apple should be doing whatever it can to make sure T. mobiles plan of eliminating phone subsidy fails. Because if it does work and get adopted by the other telecoms, well that $600+ iphone is not going to cut it. 

  • Reply 134 of 157


    The market makers have shorted Apple's stock. Think about it, Apple reports the best quarter in history and the stock still goes down? That goes against common sense. Bingo!


    Somebody made a ton of money betting the other way and the media will not report this. They will continue reporting on that stupid college footballer and that girl or the fact Beyonce lipped synced the national ahem. LOL!

  • Reply 135 of 157


    Here's an interesting article:


     


     


    Apple reports the largest corporate earnings in the history of the earth, stock down 10%


    And the wiki it  links to:






































































































































































































    #

    Company

    Industry

    Country

    Year

    Report Date

    Earnings (bn)

    USD Inflation to June 2011[1]

    USD Real Earnings(bn)

    1

    Apple

    Consumer electronics

     United States

    2012

    23 January 2013

    $54.5 [2]

    n/a

     

    2

    ExxonMobil

    Oil and gas

     United States

    2008

    31 December 2008

    $45.22[3]

    7.37%

    $48.55

    3

    ExxonMobil

    Oil and gas

     United States

    2006

    31 December 2006

    $39.5[3]

    11.85%

    $44.18

    4

    ExxonMobil

    Oil and gas

     United States

    2007

    31 December 2007

    $40.61[3]

    7.47%

    $43.64

    5

    Apple

    Consumer electronics

     United States

    2012

    29 September 2012

    $41.73 [4]

    n/a

    $41.73

    6

    ExxonMobil

    Oil and gas

     United States

    2005

    31 December 2005

    $36.13[5]

    14.7%

    $41.44

    7

    ExxonMobil

    Oil and gas

     United States

    2011

    31 December 2011

    $41.06[6]

     

    $41.06

    8

    Nestlé

    Food processing

     Switzerland

    2010

    31 December 2010

    $37.88[7]

    2.99%

    $39.02

    9

    Royal Dutch Shell

    Oil and gas

     Netherlands  UK

    2007

    31 December 2010

    $31.33[8]

    7.47%

    $33.67

    10

    ExxonMobil

    Oil and gas

     United States

    2010

    31 December 2010

    $31.40[3]

    2.99%

    $32.34

    11

    Ford Motor Company

    Automotive

     United States

    1998

    31 December 1998

    $22.07[9]

    37.72%

    $30.39

    12

    ExxonMobil

    Oil and gas

     United States

    2004

    31 December 2004

    $25.33[5]

    18.61%

    $30.04

    13

    Citigroup

    Banking

    Financial services

     United States

    2005

    31 December 2005

    $24.59[10]

    14.7%

    $28.2

    14

    Royal Dutch Shell

    Oil and gas

     Netherlands  UK

    2008

    31 December 2010

    $26.28[8]

    2.99%

    $27.06

    15

    ExxonMobil

    Oil and gas

     United States

    2003

    31 December 2003

    $21.51[5]

    22.48%

    $26.34

    16

    Royal Dutch Shell

    Oil and gas

     Netherlands  UK

    2006

    31 December 2010

    $25.44[8]

    2.99%

    $26.2

    17

    Royal Dutch Shell

    Oil and gas

     Netherlands <img alt="" class="thumbborder" height="11" src="http://upload.wikimedia.org/wikipedia/en/thumb/a/ae/Flag_of_the_United_Kingdom.svg/22px-Flag_of_the_United_Kingdom.svg.png" srcset="//upload.wikimedia.org/wikipedia/en/thumb/a/ae/Flag_of_the_United_Kingdom.svg/33px-Flag_of_the_United_Kingdom.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/a/ae/Flag_of_the_United_Kingdom.svg/44px-Flag_of_the_United_Kingdom.svg.png 2x" style="border: 1px solid rgb(221, 221, 221); vertical-align:
  • Reply 136 of 157

    Quote:

    Originally Posted by island hermit View Post


    Well, Tim has got an even rougher year ahead of him.


     


    All he has to do is show much better yoy performance in the next 3 quarters. Easy peezy.


     


    (I wouldn't want to be in his shoes)

     



     


    It may not be that hard:


     


  • Reply 137 of 157

    Quote:

    Originally Posted by SpamSandwich View Post


     


    Bad news? This is the time to buy, lads and lassies!



    Well, bad from the perspective of someone who bought the stock at $600+. If you currently don't own it, now might not be a bad time to join, downside risk is getting smaller by the day


     


    Quote:


    Here's an interesting article:


     


     


    Apple reports the largest corporate earnings in the history of the earth, stock down 10%


    And the wiki it  links to:



     


    The stock isn't down because of their earnings, it is down because the company's future forecast is looking rather bleak. (Bleak in the sense that Apple may not be the growth company it once was, but a sold, developed company that is capable of producing solid profits every quarter. Solid, but nothing like the sheer growth they were capable of over the past few years.

  • Reply 138 of 157

    Quote:

    Originally Posted by Dick Applebaum View Post


     


    It may not be that hard:


     






    Let's hope so, Dick.

  • Reply 139 of 157
    jfc1138jfc1138 Posts: 3,090member
    Okay, the quarters were different lengths of time.

    "Flat" my tushy.
  • Reply 140 of 157

    Quote:

    Originally Posted by island hermit View Post




    Quote:

    Originally Posted by Dick Applebaum View Post


     


    It may not be that hard:


     






    Let's hope so, Dick.



     


    Well, we can expect at least 1 new iPhone and 1 new iPad this CY...  


     


    I believe there is room for an iPad Mini phone with cellular voice/text/data.   I can see many people owning both an iPhone and an iPad Mini Phone -- and using both -- whichever makes sense for where you are?  Some creative data plans that allow you to use 1 cell voice/text/data plan on 2 devices would help!

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