Notes of interest from Apple's Q1 2014 conference call
Apple posted its best quarter ever on Monday, driven by its highest-ever iPhone and iPad sales, as well as one of the best Mac quarters ever. Following the company's earnings release, Apple executives took part in a conference call to discuss the quarter, and notes of interest follow.
Participating in Tuesday's call were Apple Chief Executive Tim Cook, Chief Financial Officer Peter Oppenheimer, and Corporate Comptroller Luca Maestri.
Also strong growth in China, Latin America, the Middle East and Russia.
New agreement with China Mobile is a multi-year deal. Oppenheimer said that "China is an incredibly important market to Apple."
iPhone has highest loyalty rates in the industry. ChangeWave has a 96% satisfaction rate, while Kantar says iPhone has a 90% loyalty rate.
Participating in Tuesday's call were Apple Chief Executive Tim Cook, Chief Financial Officer Peter Oppenheimer, and Corporate Comptroller Luca Maestri.
Apple's iPhone business
iPhone sales growth strong year over year in Japan, thanks to launch with NTT DoCoMo in September.Also strong growth in China, Latin America, the Middle East and Russia.
New agreement with China Mobile is a multi-year deal. Oppenheimer said that "China is an incredibly important market to Apple."
iPhone has highest loyalty rates in the industry. ChangeWave has a 96% satisfaction rate, while Kantar says iPhone has a 90% loyalty rate.
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Every time Tim Cook uses the word ‘incredible’, the stock seems to drop 10 points.
Can someone please get him a speech coach?
I bought 10 more shared at 506
Smart move. If I had the cash on hand, I'd put in a large buy at $500.
EPS is only up because they retired shares, net revenue didn't change at all year over year. Apple stock is now virtually the same as IBM and MSFT. EPS growth will be manufactured by buying back shares, increase the dividend, and slowly move the stock price up.
Certainly not the worst scenario, but should be enough to get Cook fired unless Apple is happy treading water.
But my guess is we'll be treated to another year of Cook talking about all the great things in the pipeline which never seem to materialize.
Smart move. If I had the cash on hand, I'd put in a large buy at $500.
Smart move? Only if you believe AAPL is the only stock around. If you have cash to make a large AAPL buy, there are far better choices.
Can anyone explain to me why AAPL is down 8% aftermarket? Seriously now.
The Apple team (last time I check, apple is not running from a garage in the backyard anymore) just report the fourth largest corporate earning in the history of any company in any country in the world. That could get someone fired? Or some arm-chairman need to get their head examine. I have to thank the Wall Street mr idiots pushing it down. Otherwise I won't able to buy more sharers before the end of the tax year
The Apple team (last time I check, apple is not running from a garage in the backyard anymore) just report the fourth largest corporate earning in the history of any company in any country in the world. That could get someone fired? Or some arm-chairman need to get their head examine. I have to thank the Wall Street mr idiots pushing it down. Otherwise I won't able to buy more sharers before the end of the tax year
A well trained monkey could have taken over Apple and produced better results.
Looks like the iPhone 5C was weak (to Apple Standards). Just goes to show that the analysts demanding a cheap iPhone are like Jon Snow, they know nothing. One small blip on a powerhouse quarter!! Great job Apple and Tim Cook!!
You got your $0.10 for today. Now shove off.
A well trained monkey could have taken over Apple and produced better results.
For who? you? I think Apple would rather keep putting billions into the bank than listen to idiots like yourself.
Apple stock is now virtually the same as IBM and MSFT.
Where the hell does this come from? Apple had more than twice the revenue for the same period as MSFT and about twice the profit. It's got a $200 Billion higher market cap valuation than MSFT. Apple has more than twice as much cash as MSFT. In what world do you have a perspective that APPL is "now virtually the same as MSFT"?
Apple has over twice the market cap as IBM. Apple reported more than twice the revenue and more than twice the profits as IBM during the same time period. Apple finished with over $150 Billion in cash, while IBM has about 28 Billion of net debt. In what world do you have a perspective that APPL is "now virtually the same as IBM"?
Oh wait, did you mean "virtually the same as IBM and Microsoft COMBINED"?
Ok, I could maybe see that.
A well trained monkey could have taken over Apple and produced better results.
You could?
Smart move? Only if you believe AAPL is the only stock around. If you have cash to make a large AAPL buy, there are far better choices.
If one wants to own AAPL, it's a smart move to buy it when it's being pummeled by Wall Street twerps.