Apple Inc sold fewer new iPhones than expected over the holidays, reflecting intense competition from arch-foe Samsung Electronics during the crucial period. -- Reuters
Talk about misleading first sentence! Apple sold more phones YOY while Samsung sold fewer phones YOY.
I think people forget that Wall St. "expectations" are really just the news media, whose predictions are often wrong. This should speak more about the accuracy and ultimately the legitimacy of commercial media, but don't hold your breath waiting for them to correct their own behavior.
To be fair, press "expectations" for Samsung were also pretty off, however also to be fair, Samsung products still suck out loud.
The scum bags on Wall Street have been beating their chests and proclaiming for weeks they know how Apple runs their business BETTER than Apple, and now that the real numbers come out, everyone thinks they are a failure because it didn't live up to the FABRICATED LIES that were perpetuated by anal-lysts and they go and tank the stock.
This is just the most disgusting form greed and utter stupidity I've ever witnessed! Like someone else posted, imaging if this were Microsoft, Google, or dare I say, Amazon, those same dirt bags would be creaming themselves over these results!
This is why I don't play the Wall Scum investment game, because it's so corrupt, only those with very deep pockets can afford to play it.
The number that I was surprised by was the cash flow. I was unaware of the specific definition for that and looked it up. This is the total earnings plus expenses such as depreciation that are taken out as expenses. I think this is a better measure of Apple's income given how conservative they are about paying down and writing off expenses. Remember the whole software expense write off? Apple has a 26% marginal tax rate. Any cash flow that can become an expense is less taxes to pay. That is basic business management when cash is not needed for any reinvestment that offers more than a 26% return rate. Apple's current cash position and strong intellectual portfolio are the reasons they can be so aggressive here. $22.7 is one huge pile of cash from one quarter of operations. I wonder where that ranks on records for public companies?
Amazing quarter, but not for the iPhone. Almost 0 growth.
Apple has all the signs they need: If they want growth (Only someone out of touch with the reality would say that they “need” it to survive, as the best quarter ever shows… but let’s be real.) on the smartphone arena, especially the premium segment, a bigger screen is required.
For a modern smartphone (all about web, reading and editing docs, apps, pdfs and books, games and video) a bigger screen is required.
4.5 phones are very very portable, no big difference in size, huge difference in usability.
And a bigger iPhone line for the ones that want it but are buying the note, s4, g2, nexus, z1, one, etc. maybe another 30 million per quarter?
"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!
Yeah, market expectations were way too high. Apple more than beat the estimates that they outlined for themselves, which under Cook have been way more aggressive than Jobs' low balling numbers.
The scum bags on Wall Street have been beating their chests and proclaiming for weeks they know how Apple runs their business BETTER than Apple, and now that the real numbers come out, everyone thinks they are a failure because it didn't live up to the FABRICATED LIES that were perpetuated by anal-lysts and they go and tank the stock.
This is just the most disgusting form greed and utter stupidity I've ever witnessed! Like someone else posted, imaging if this were Microsoft, Google, or dare I say, Amazon, those same dirt bags would be creaming themselves over these results!
This is why I don't play the Wall Scum investment game, because it's so corrupt, only those with very deep pockets can afford to play it.
Stock prices is all about growth potential, and Apple is not delivering it. Guidance for next quarter is bad, iPhone number is bad, stock goes down, there is no mystery here and it doesn't mean Apple is doom or that analyst expectations were too high....
"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:
<ul style="color:rgb(0,0,0);margin-bottom:-1em;margin-top:-.5em;"> [*] 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
</ul>
It really looks to me like Apple nailed the guidance. Again. Wall Street "analysts" really need to take note! And stop manipulating the stock!
I don't get how a stock can be down 6% when they meet or exceed their guidance.
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.
Well, Tim, it looks like Wall Street is looking for your answer. This was definitely not it.
It looks like your margin of error is getting slimmer.
Apple provides a range for earnings and they beat the middle of that range. The analysts are jackasses. If you could pick up an undervalued stock at a bargain basement price by badmouthing and floating bad data, would you do the same? That's a very large incentive to poison the well and pick up AAPL at a discount.
Quote:
Apple provided the following guidance for its fiscal 2014 first quarter:
revenue between $55 billion and $58 billion (they posted $57.6 Bn ffs!)
Did Apple miss its expectations? Nope. Did it "miss" analysts wild guesses? I guess. So let me get this straight, stock holders would rather listen to outsiders than insiders. Ok.
Stock prices is all about growth potential, and Apple is not delivering it. Guidance for next quarter is bad, iPhone number is bad, stock goes down, there is no mystery here and it doesn't mean Apple is doom or that analyst expectations were too high....
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.
Comments
30th Anniversary of Doomed.
Apple Inc sold fewer new iPhones than expected over the holidays, reflecting intense competition from arch-foe Samsung Electronics during the crucial period. -- Reuters
Talk about misleading first sentence! Apple sold more phones YOY while Samsung sold fewer phones YOY.
And yes Apple's stock is down $31.03. :-(((
To be fair, press "expectations" for Samsung were also pretty off, however also to be fair, Samsung products still suck out loud.
Is anyone really surprised by this?
The scum bags on Wall Street have been beating their chests and proclaiming for weeks they know how Apple runs their business BETTER than Apple, and now that the real numbers come out, everyone thinks they are a failure because it didn't live up to the FABRICATED LIES that were perpetuated by anal-lysts and they go and tank the stock.
This is just the most disgusting form greed and utter stupidity I've ever witnessed! Like someone else posted, imaging if this were Microsoft, Google, or dare I say, Amazon, those same dirt bags would be creaming themselves over these results!
This is why I don't play the Wall Scum investment game, because it's so corrupt, only those with very deep pockets can afford to play it.
jump off now before the ship sinks. it can't produce record sales forever!
I wonder how Apple executes their stock buybacks? Is it timed so as to avoid criminal charges? Does a third party decides when to best buy the stock?
record sales; new products in the pipeline; loyal consumers...
jump off now before the ship sinks. it can't produce record sales forever!
You forgot this: /s
Amazing quarter, but not for the iPhone. Almost 0 growth.
Apple has all the signs they need: If they want growth (Only someone out of touch with the reality would say that they “need” it to survive, as the best quarter ever shows… but let’s be real.) on the smartphone arena, especially the premium segment, a bigger screen is required.
For a modern smartphone (all about web, reading and editing docs, apps, pdfs and books, games and video) a bigger screen is required.
4.5 phones are very very portable, no big difference in size, huge difference in usability.
And a bigger iPhone line for the ones that want it but are buying the note, s4, g2, nexus, z1, one, etc. maybe another 30 million per quarter?
"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:
It really looks to me like Apple nailed the guidance. Again. Wall Street "analysts" really need to take note! And stop manipulating the stock!
Yeah, market expectations were way too high. Apple more than beat the estimates that they outlined for themselves, which under Cook have been way more aggressive than Jobs' low balling numbers.
Well, Tim, it looks like Wall Street is looking for your answer. This was definitely not it.
It looks like your margin of error is getting slimmer.
The Rainbow of Doom.
The second in the Timdiana Cook trilogy.
Rumors of the Next Phone
Timdiana Cook and the Rainbow of Doom
Timdiana Cook and the Lawsuit Aid
And then Timdiana Cook and the Sapphire Watch, but we don’t talk about that one.
Is anyone really surprised by this?
The scum bags on Wall Street have been beating their chests and proclaiming for weeks they know how Apple runs their business BETTER than Apple, and now that the real numbers come out, everyone thinks they are a failure because it didn't live up to the FABRICATED LIES that were perpetuated by anal-lysts and they go and tank the stock.
This is just the most disgusting form greed and utter stupidity I've ever witnessed! Like someone else posted, imaging if this were Microsoft, Google, or dare I say, Amazon, those same dirt bags would be creaming themselves over these results!
This is why I don't play the Wall Scum investment game, because it's so corrupt, only those with very deep pockets can afford to play it.
Stock prices is all about growth potential, and Apple is not delivering it. Guidance for next quarter is bad, iPhone number is bad, stock goes down, there is no mystery here and it doesn't mean Apple is doom or that analyst expectations were too high....
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.
Well, Tim, it looks like Wall Street is looking for your answer. This was definitely not it.
It looks like your margin of error is getting slimmer.
Apple provides a range for earnings and they beat the middle of that range. The analysts are jackasses. If you could pick up an undervalued stock at a bargain basement price by badmouthing and floating bad data, would you do the same? That's a very large incentive to poison the well and pick up AAPL at a discount.
Apple provided the following guidance for its fiscal 2014 first quarter:
Apple remains a money making machine, but like everyone else, faces slowing growth. No one apparently can escape the growing market saturation.
The market is probably over-reacting to Apple's Q2 guidance of basically flat revenue y/o/y.