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Apple Reports Third Quarter Results

marketwatch.com

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Re: Apple Reports Third Quarter Results

#51

Post by jarek »

fallous wrote: post #50
jusben1369 wrote: post #31

Earlier quoted context omitted.

This caught my eye. 26 million iPhones. Galaxy S III just did 10 million in 6 weeks since launch? That's 20 million in a quarter. Assume the iPhone number is a blended number too between older and latest model. So did we just see the first real example of one phone model legitimately challenge the iPhone? The argument was always that Android success was across so many phones. Now is the breaking down? Please don't fl…

And how much money did the Galaxy S III earn on those 10 million sales vs iPhone? I'm no Apple fanboy, but it always amuses me that the Android boosters talk unit numbers while Apple continues their "BMW" revenues on product. Congrats, you sold 100 Beetles... our sales of 1 BMW generated more profit.

Do you reckon the GS III is a low-margin product?

Re: Apple Reports Third Quarter Results

#52

Post by fallous »

jarek wrote: post #51
fallous wrote: post #50

Earlier quoted context omitted.

And how much money did the Galaxy S III earn on those 10 million sales vs iPhone? I'm no Apple fanboy, but it always amuses me that the Android boosters talk unit numbers while Apple continues their "BMW" revenues on product. Congrats, you sold 100 Beetles... our sales of 1 BMW generated more profit.

Do you reckon the GS III is a low-margin product?

No, but I doubt it has the margins of Apple hardware and it lacks the additional profit centers of the iPhone.

Re: Apple Reports Third Quarter Results

#53

Post by usaar333 »

fallous wrote: post #50
jusben1369 wrote: post #31

Earlier quoted context omitted.

This caught my eye. 26 million iPhones. Galaxy S III just did 10 million in 6 weeks since launch? That's 20 million in a quarter. Assume the iPhone number is a blended number too between older and latest model. So did we just see the first real example of one phone model legitimately challenge the iPhone? The argument was always that Android success was across so many phones. Now is the breaking down? Please don't fl…

And how much money did the Galaxy S III earn on those 10 million sales vs iPhone? I'm no Apple fanboy, but it always amuses me that the Android boosters talk unit numbers while Apple continues their "BMW" revenues on product. Congrats, you sold 100 Beetles... our sales of 1 BMW generated more profit.

Unit talk numbers are very relevant, as it foretells how many people will be on each platform going forward. As a user or dev, I hardly care about Apple's profit per phone; I care about how large of an ecosystem I'm in.

Re: Apple Reports Third Quarter Results

#56

Post by btilly »

polycom wrote: post #55
thechut wrote: post #54

What a bunch of fanboys... They missed their estimates and stocks tumbled 6% in after hours trading. That's $33, more than 10 times the dividends they will be paying on that $8B profit.

How did they miss their estimates?

The market was trading on a belief that Apple's numbers would be about $2 billion higher than they were. Therefore the stock will fall as people digest the number and re-evaluate where Apple should be trading.

Since they reported numbers that were in the neighborhood of 6% below what was expected, their stock fell about 6%. Which is a pretty large drop.

Re: Apple Reports Third Quarter Results

#57

Post by thechut »

polycom wrote: post #55
thechut wrote: post #54

What a bunch of fanboys... They missed their estimates and stocks tumbled 6% in after hours trading. That's $33, more than 10 times the dividends they will be paying on that $8B profit.

How did they miss their estimates?

"Apple said its earnings per share were $9.32 on revenue of $35 billion. Analysts polled by Thomson One Analytics predicted earnings per share of $10.36 on revenue of $37.19 billion."

Via http://www.mercurynews.com/breaking-news/ci_21147940/apples-...

It doesn't matter how much money you actually make when you are as big as Apple, it matters what you make compared to what people (analysts) think and expect you to make.

Edit: Put wrong quarter numbers, fixed.

Re: Apple Reports Third Quarter Results

#58

Post by suprgeek »

Inspite of being the most valuable company on Earth and making an amazing profit by any metric - you still lose value (stock price) if you come in under "analyst" estimates.

The relentless march of capital may be increasingly going off the rails.

Re: Apple Reports Third Quarter Results

#59

Post by polycom »

thechut wrote: post #57
polycom wrote: post #55

Earlier quoted context omitted.

How did they miss their estimates?

"Apple said its earnings per share were $9.32 on revenue of $35 billion. Analysts polled by Thomson One Analytics predicted earnings per share of $10.36 on revenue of $37.19 billion." Via http://www.mercurynews.com/breaking-news/ci_21147940/apples-... It doesn't matter how much money you actually make when you are as big as Apple, it matters what you make compared to what people (analysts) think and expect you to mak…

You said "their estimates" which I took to mean Apples own estimates. Isn't it tradition for Apple to beat their own estimates, fail to meet analysts estimates, and having their shares drop for a period of time afterwards? I'm not a trader though so correct me if I'm wrong.

Re: Apple Reports Third Quarter Results

#60

Post by tazzy531 »

InclinedPlane wrote: post #47
hristov wrote: post #28

Earlier quoted context omitted.

You forgot another one -- estimates missed.

If you can make $8 billion profit in a single quarter and for some reasons the estimates where higher, that's a problem with the estimators, not with your business. In 2012 on the planet Earth averaging nearly $4 million in profit every single hour of every single day is tremendous business.

Sure, but the stock multiple prices in the estimates. If it can't meet the estimates, the stock is overvalued.
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