I don't get it. How do you mean CONSUME more and more of Apple revenue? It's making MOST of it. The iPhone isn't a phone remember. It's a phone, an internet device, and a music player. Did you not pay attention in 2007?
In other words it's a computer in a phone form factor and computers are Apple's core business. The Apple Watch will also be a computer only in a watch form factor.
Consuming NOTHING.
Ok consume wasn't the right word. I'm just a bit worried about diversification. The large screen card has been played. Now what?
Mmm ...
Reminds me of the reported doubts that Tom Watson, Sr. had in the 1940s when he was reluctant to have IBM enter the computer business ...
IBM had a very large install base of Punched Card Unit Record Accounting Machines ...
Watson is alleged to have said that he thought there was a market for, maybe, 5 computers, world-wide ...
My point is that Apple is a driver of technology development -- rather than an observer or fast-follower. And, they have have demonstrated over their lifetime their willingness to discard legacy baggage by releasing new products -- even [especially?] when it obsoletes Apples current products.
To me, that is a business philosophy worth my investment!
Come on... everyone here knows the new Wall Street angle...
"Well, Apple will never be able to top that next year. Sell."
not to sound like a Debbie Downer but coming holiday quarter 2015 (or FY Q1 2016) it will be a challenge to get the same kind of growth. 74.4 million iPhones in one quarter is no small potatoes.
I'm a little surprised the stock is only up 5% after hours (it was down 3% on the day). This was a huge beat. Analyst consensus wasn't close to 74M iPhones.
To be fair, it *is* a problem in the United States. Apple participates in some of the same offshore tax avoidance schemes that are popular among other corporations, though they're not nearly one of the biggest offenders. It seems silly to single out Apple in this, but there's definitely room to for a legitimate conversation about the subject.
Same goes for an argument regarding corporations playing a disproportionate role in politics.
Tax avoidance is the legitimate minimizing of taxes, using methods approved by the IRS . Businesses avoid taxes by taking all legitimate deductions and by sheltering income from taxes by setting up employee retirement plans and other means, all legal and under the Internal Revenue Code or state tax codes.
not to sound like a Debbie Downer but coming holiday quarter 2015 (or FY Q1 2016) it will be a challenge to get the same kind of growth. 74.4 million iPhones in one quarter is no small potatoes.
Come on... everyone here knows the new Wall Street angle...
"Well, Apple will never be able to top that next year. Sell."
not to sound like a Debbie Downer but coming holiday quarter 2015 (or FY Q1 2016) it will be a challenge to get the same kind of growth. 74.4 million iPhones in one quarter is no small potatoes.
I can remember, not too long ago, when the critics thought that selling 10 million iPhones in a year was way, way, way overly optimistic ...
Tax is theft. But we're stuck with it, so responsible people, private through to corporate, minimise the tax they pay whilst obeying all rules and laws. Lest we forget:
1) Apple provide gainful employment to thousands worldwide. All wages are taxed.
2) Apple sell exquisite products to willing consumers. All sales are taxed.
So on top of their corporation taxes, Apple provides plenty to governments, as well as value and worth on many other fronts. I'd say Apple are a supreme benefit to mankind, to be applauded to high-heaven. That quarter, and every dime they've *earned* are no less than they deserve. Fantastic stuff.
"Tax is theft."
Justice Oliver Wendell Holmes, Jr. disagreed and so do I.
"...I like paying taxes, with them I buy civilization.” No one is stealing from me, I'm paying for services rendered (air traffic control. MY defense, the drugs I will need being researched, nice roads for ME, good transportation systems so the goods for ME are cheap etc.) with MY tax money. Now some one sitting in a bunker in Somalia paying taxes to the United States is getting ripped off. Me? Notsomuch. Apple is protected by the laws and regulations of the country as well as taking benefit from the infrastructure for it's business so it paying taxes is also not theft.
Justice Oliver Wendell Holmes, Jr. disagreed and so do I.
"...I like paying taxes, with them I buy civilization.” No one is stealing from me, I'm paying for services rendered (air traffic control. MY defense, the drugs I will need being researched, nice roads for ME, good transportation systems so the goods for ME are cheap etc.) with MY tax money. Now some one sitting in a bunker in Somalia paying taxes to the United States is getting ripped off. Me? Notsomuch. Apple is protected by the laws and regulations of the country as well as taking benefit from the infrastructure for it's business so it paying taxes is also not theft.
A government employee disagrees because his livelihood is completely dependent on taxation? Shocker.
I'm a little surprised the stock is only up 5% after hours (it was down 3% on the day). This was a huge beat. Analyst consensus wasn't close to 74M iPhones.
The after-hours market isn't a big deal for the big shareholders. All the big boys (Vanguard, FMR, State Street, BlackRock, etc.) will say their two-cents tomorrow.
with all this momentum the AWatch will be a huge hit and add another large bump to the Spring quarter revenues. but as many note it's the super-sticky Apple ecosystem that really is the foundation. and with much more coming with Apple Pay, Car Play, Home Kit and Health Kit this year, that ecosystem will become even more compelling.
Comments
Well I can't see yoy revenue growth in that quarter again unless the watch takes off
Mmm ...
Reminds me of the reported doubts that Tom Watson, Sr. had in the 1940s when he was reluctant to have IBM enter the computer business ...
IBM had a very large install base of Punched Card Unit Record Accounting Machines ...
Watson is alleged to have said that he thought there was a market for, maybe, 5 computers, world-wide ...
My point is that Apple is a driver of technology development -- rather than an observer or fast-follower. And, they have have demonstrated over their lifetime their willingness to discard legacy baggage by releasing new products -- even [especially?] when it obsoletes Apples current products.
To me, that is a business philosophy worth my investment!
Come on... everyone here knows the new Wall Street angle...
"Well, Apple will never be able to top that next year. Sell."
not to sound like a Debbie Downer but coming holiday quarter 2015 (or FY Q1 2016) it will be a challenge to get the same kind of growth. 74.4 million iPhones in one quarter is no small potatoes.
Luckily you don't work at Apple.
http://biztaxlaw.about.com/od/businesstaxes/f/taxavoidevade.htm
I think it's a fair question. Plenty of people here ding Google for being 90% advertising. Well this quarter Apple was 70% iPhone.
Congratulations Steve Jobs. You built one heck of a great company.
And they played it twice. It will be interesting to see what they come up with next.
And they played it twice. It will be interesting to see what they come up with next.
Small screens again!
not to sound like a Debbie Downer but coming holiday quarter 2015 (or FY Q1 2016) it will be a challenge to get the same kind of growth. 74.4 million iPhones in one quarter is no small potatoes.
Stop it, Debbie.
I can remember, not too long ago, when the critics thought that selling 10 million iPhones in a year was way, way, way overly optimistic ...
I can remember, not too long ago, when the critics thought that selling 10 million iPhones in a year was way, way, way overly optimistic ...
Very true but now we're at 74 million in a quarter. Big difference.
Tax is theft. But we're stuck with it, so responsible people, private through to corporate, minimise the tax they pay whilst obeying all rules and laws. Lest we forget:
1) Apple provide gainful employment to thousands worldwide. All wages are taxed.
2) Apple sell exquisite products to willing consumers. All sales are taxed.
So on top of their corporation taxes, Apple provides plenty to governments, as well as value and worth on many other fronts. I'd say Apple are a supreme benefit to mankind, to be applauded to high-heaven. That quarter, and every dime they've *earned* are no less than they deserve. Fantastic stuff.
"Tax is theft."
Justice Oliver Wendell Holmes, Jr. disagreed and so do I.
"...I like paying taxes, with them I buy civilization.” No one is stealing from me, I'm paying for services rendered (air traffic control. MY defense, the drugs I will need being researched, nice roads for ME, good transportation systems so the goods for ME are cheap etc.) with MY tax money. Now some one sitting in a bunker in Somalia paying taxes to the United States is getting ripped off. Me? Notsomuch. Apple is protected by the laws and regulations of the country as well as taking benefit from the infrastructure for it's business so it paying taxes is also not theft.
"Tax is theft."
Justice Oliver Wendell Holmes, Jr. disagreed and so do I.
"...I like paying taxes, with them I buy civilization.” No one is stealing from me, I'm paying for services rendered (air traffic control. MY defense, the drugs I will need being researched, nice roads for ME, good transportation systems so the goods for ME are cheap etc.) with MY tax money. Now some one sitting in a bunker in Somalia paying taxes to the United States is getting ripped off. Me? Notsomuch. Apple is protected by the laws and regulations of the country as well as taking benefit from the infrastructure for it's business so it paying taxes is also not theft.
A government employee disagrees because his livelihood is completely dependent on taxation? Shocker.
$197 million profits per day!
If I earnt that a day, I might splash out on a second, or even third, whisky.
Ah well; it's good to dream.
Another person did the math: that's 586 iPhones per minute sold for the duration of the quarter...and profit of about $2300 *per second.*
I'm a little surprised the stock is only up 5% after hours (it was down 3% on the day). This was a huge beat. Analyst consensus wasn't close to 74M iPhones.
The after-hours market isn't a big deal for the big shareholders. All the big boys (Vanguard, FMR, State Street, BlackRock, etc.) will say their two-cents tomorrow.
Looks like the shorts won today, but tomorrow we'll see some real excitement.
with all this momentum the AWatch will be a huge hit and add another large bump to the Spring quarter revenues. but as many note it's the super-sticky Apple ecosystem that really is the foundation. and with much more coming with Apple Pay, Car Play, Home Kit and Health Kit this year, that ecosystem will become even more compelling.
Anyone care to do the research on this?