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Apple sold 27 million iPhones during the quarter, which was better than analyst estimates

Apple has been on a new product assault for the past few months. Things kicked off with the iPhone 5 launch in September and culminated this week with the announcement of a fourth generation iPad, the iPad mini, new iMacs, and a new 13" MacBook Pro with Retina Display.
Now, Apple has released its earnings for Q4 and the company recorded $36 billion versus analyst estimates of $35.80 billion. Net profit for the quarter came in at $8.2 billion. Earnings per share (EPS) rang in at $8.67 versus analyst estimates of $8.75 per share.
Numbers were up across the board compared to the same period last year when the company announced earnings, profit, and EPS of $28.3 billion, $6.6 billion, and $7.05 respectively.
During the quarter, the company sold 26.9 million iPhones (53 percent growth from a year ago), 14 million iPads (26 percent growth), and 4.9 million Macs (one percent growth). Apple’s iPod numbers continue their downward slide with quarterly sales of 5.3 million units (a 19 percent decline from a year ago).
“We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”

Source: Apple

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big numbers
By Nortel on 10/25/2012 4:56:18 PM , Rating: 2
Out-shined analysts estimates for $36 billion with a net profit of 8.2 billion. 53% growth in iPhones, 26% growth in iPads and actual Mac growth where PC sales are hemorrhaging. What other industry can you possibly imagine where a company can post outstanding growth year after year like this AND beat estimates and still have their stock go down? Love 'em or hate 'em Apple makes serious money.

RE: big numbers
By Reclaimer77 on 10/25/12, Rating: 0
RE: big numbers
By TakinYourPoints on 10/25/2012 5:35:28 PM , Rating: 4
Profit margins increase slightly with increased production. Greater volume on parts paid out years in advance (thanks in part to their war chest) makes a huge difference.

More importantly, their earnings increased as the bulk of their revenue shifted from laptops and desktops in 2010 to much more profitable smartphones and tablets in 2011 and 2012. It isn't rocket science.

RE: big numbers
By Reclaimer77 on 10/25/2012 5:44:42 PM , Rating: 2
Shut up with your facts and reason. Now is the time for blind hate! :P

RE: big numbers
By retrospooty on 10/25/2012 6:01:11 PM , Rating: 2
Here... You can mix facts and blind hate...

Apple is highly profitable. The reason is they do make good products that alot of people want. They are generally priced high with a great profit margin. This goes right along with what we have been saying all along. With Apple you generally pay more and get less. Apple is great for investors and Apple's owners, but for consumers, its not such a good deal.

I'd rather pay less and get more with Windows and Android.

RE: big numbers
By Reclaimer77 on 10/25/2012 6:25:08 PM , Rating: 2
I still think (I'm not the only one) that something fishy is going on with these earnings reports. But time will tell.

These growth rates are, frankly, unbelievable.

RE: big numbers
By TakinYourPoints on 10/25/2012 6:44:52 PM , Rating: 2
Why? The growth rate for Android handsets has been going up at a similar rate. The only difference is that it is a collection of companies for Android while Apple is just one, but the growth rates are similar. The other thing is that we are nowhere near the ceiling of smartphone adoption, not even close. This sort of growth in phones still has legs.

While the tide has been rising for the smartphone market, there have also been losers. The companies this has been at the expense of are Blackberry, Nokia, and Microsoft, as well as some Android handset manufacturers like HTC and Motorola. We'll see how they do next year.

The only place Apple is really ahead of everyone else is in tablet sales. They'll have sold (not just shipped) over 100 million tablets before the end of the year. It is a style of domination like what happened with the iPod, but we'll see if the Surface or the Fire or something else starts to carve its own piece of the market.

RE: big numbers
By Tony Swash on 10/25/2012 7:35:31 PM , Rating: 1
The only place Apple is really ahead of everyone else is in tablet sales.

…and in actually making profits surely. Only Samsung makes any money out of Android.

RE: big numbers
By BSMonitor on 10/26/2012 9:29:49 AM , Rating: 2
Well you and your friends in the bubble love a good conspiracy by the left...

RE: big numbers
By TheDoc9 on 10/26/2012 11:00:02 AM , Rating: 2
I agree, there's something going on. When there's so much money involved someone's lining their pockets and manipulating the stock.

RE: big numbers
By TakinYourPoints on 10/25/2012 6:30:50 PM , Rating: 2
I still don't see how better applications and faster hardware equates to "less". "Different" is fine, since some people's preferences lie with things like keyboards, bigger screens, and SD card slots at the expense of those other things, but again, that's different. Tradeoffs, not less.

RE: big numbers
By retrospooty on 10/25/2012 10:16:38 PM , Rating: 2
Its less because of the amazingly long list of things it lacks. Slightly better app support and a temporary win in CPU benchies doesnt make up for it. In 3 to 4 months several new chipsets will be out, and Apple will have another 6 or 7 months to go before a refresh.

RE: big numbers
By TakinYourPoints on 10/25/2012 10:49:35 PM , Rating: 2
The amazingly long list of things it lacks (for you: removable battery and SD card expansion) are positives for others. Those are what allows for the iPhone 5 to be as small as it is.

Again, "slightly better app support" is seriously underselling it. The main reason people I know irl and on forums switch back to iOS is because of developer support and app quality. Even the same app on both platforms will generally be better on iOS due to the attention put into it. Its the same thing as most cross-platform console games being better on an XBox than on a PS3, developers simply put more time into the lead platform.

Of course, if you don't use apps on your phone (and judging by lower app sales and smaller web traffic, many Android users actually don't to the same extent) then things like swappable batteries clearly matter more.

RE: big numbers
By retrospooty on 10/26/2012 7:44:30 AM , Rating: 2
Lets not act like its just a few things...

- Larger Screens
- Higher resolution screens
- Better Mapping software
- Greater than 5x4 icons
- Flexibility in OS (Tons of Custom ROM's, etc)
- Flexibility in hardware (qwerty models, removable batteries, larger models, smaller models, high end models, mid range models, cheap models)
- Micro SD card
- Micro USB
- Plug and play as a flash drive to copy files

RE: big numbers
By TakinYourPoints on 10/28/2012 6:15:21 PM , Rating: 2
And all of those things fall by the wayside for me due to inferior apps, some of which fill in some of those software gaps (ie - mounting as a flash drive). Other things like higher resolution screens in the S3 don't work out since they use Pentile displays, thus having fewer subpixels (and reduced image quality) than a "lower" res iPhone. It certainly is larger though.

Like I said, it comes down to personal preference. If someone needs a keyboard, swappable battery, or bigger screen at the expense of better OS support and applications, then the customer should get that instead. Simple.

RE: big numbers
By Tony Swash on 10/25/12, Rating: -1
RE: big numbers
By Tony Swash on 10/25/12, Rating: -1
RE: big numbers
By Cheesew1z69 on 10/25/2012 7:57:45 PM , Rating: 2
Then I realised you actually meant the unbelievable drivel
Gee, sounds familiar...

RE: big numbers
By Tony Swash on 10/25/2012 9:21:46 PM , Rating: 2
I see the confederacy of dunces are all here wailing gibberish in an attempt to talk down Apple's growth. The problem is Apple just keeps on going forward, growing, piling up the cash and all nonsense talk in the world won't stop it.

This quarter Apple's revenues were just short of being the same as the combined revenues of Microsoft, Google, and Amazon. Next quarter Apple will lurch up another big step in size and profits.

As I have said before Apple's weight in the post-PC tech markets will be bigger than the combined weight of Intel and Microsoft in the old, smaller and now waning PC markets.

Even now I don't think many people realise just how much room for growth Apple still has. I can't see anything that can stop it from doubling in size again over the next two years, Apple doesn't have to do anything to achieve that except coast. And I am fairly sure Apple plans on doing a lot more than coast.

Steve Jobs greatest creation was Apple V2. It's an awesome thing he made.

RE: big numbers
By retrospooty on 10/25/2012 11:11:19 PM , Rating: 2
LOL... just LOL.

Tony, you really need to find a woman (or man if that suits you) and pull your head out of the Applesphere.

RE: big numbers
By Reclaimer77 on 10/26/2012 12:05:03 AM , Rating: 2
The only "growth" we're trying to talk down is the one in your pants whenever Apple comes up.

RE: big numbers
By Tony Swash on 10/26/2012 6:31:02 AM , Rating: 2
Talking of growth here is an interesting nugget.

Apple TV sales are running neck and neck with Microsoft Xbox sales. Last quarter Apple TV outsold the Xbox and this quarter it sold only slightly less.

Not bad for a 'hobby'.

RE: big numbers
By elleehswon on 10/26/2012 8:17:29 AM , Rating: 2
Talking of growth here is an interesting nugget. Apple TV sales are running neck and neck with Microsoft Xbox sales. Last quarter Apple TV outsold the Xbox and this quarter it sold only slightly less. Not bad for a 'hobby'.

So, no one' buying apple tv either? Xbox 360's have been in the field for what, 7 years? The consoles aren't selling anymore because anyone that wanted one, has had 7 years to get one.

RE: big numbers
By momorere on 10/26/2012 10:54:42 AM , Rating: 2
Dude take 1 second and think who you are talking to. It doesn't matter how long it has been out. The only thing that matters is that crApple "sold" more. But it is nice when the crApple PR machine a.k.a. Tony has to dig up old and highly irrelevant sales records. I hope they pay him well for all his many sleepless nights of defending them in every possible way.

RE: big numbers
By Cheesew1z69 on 10/26/2012 11:00:50 AM , Rating: 2
Dude take 1 second and think who you are talking to.
Exactly. Time to quit feeding the troll.

RE: big numbers
By Rukkian on 10/26/2012 10:48:51 AM , Rating: 2
What does that have to do with anything? If you want to compare things that have no real comparision, Starbucks probably sells as many cups of coffee in one year as Honda sells Civics in a decade.

Makes no sense and has no bearing on the conversation at hand.

While I don't think there is some big conspiracy here, and actually like that apple is doing well, as I want competition (even though I will never own one), try to at least discuss what the article is discussing instead of just spouting off your normal apple is the greatest ever drivel. Maybe even 'gasp' have an open mind once in awhile.

RE: big numbers
By Cheesew1z69 on 10/26/2012 11:02:31 AM , Rating: 2
Maybe even 'gasp' have an open mind once in awhile.
ROFL! Good joke!

RE: big numbers
By Cheesew1z69 on 10/26/2012 8:53:44 AM , Rating: 1
Blah blah, drivel drivel, blah blah...

Same shit, different day...

RE: big numbers
By corduroygt on 10/25/2012 5:12:20 PM , Rating: 2
Stock goes down because of the law of large numbers. They'd have to grow much faster (might not even be possible due to production constraints) to keep up with the growth expectations that are built into the stock price.

RE: big numbers
By Nortel on 10/25/2012 5:18:50 PM , Rating: 2
Apple's PE is 14.33... not even counting their cash hoard...that is a ridiculously low PE.

RE: big numbers
By TakinYourPoints on 10/25/2012 5:30:21 PM , Rating: 2
Yup, its about where other big techs like IBM and Microsoft are, and far lower than Google. If AAPL was priced like GOOG then it'd be over $900 a share.

The market has been doing a very good job conservatively pricing exuberance and expectation out of Apple's stock price, despite its consistent growth. Revenue has literally been the only factor in their price for the last three years.

RE: big numbers
By rubbahbandman on 10/25/2012 6:01:16 PM , Rating: 2
I wouldn't take the stock price going down as a bad sign - the analysts have already priced in variables like operating expenses, earnings per share, and gross profit margin and compared to their projections these metrics were below expectations. 4th qtr should be crazy good tho...

By sweetca on 10/25/2012 6:23:05 PM , Rating: 2
I saw this hitting 600 when it was 700 on september 18th, and no I am not psychic.

I would explain why, but I fear the flames!


RE: Meh
By sweetca on 10/25/2012 6:24:34 PM , Rating: 2
Oh, and my point was: The earnings were not good. Revenue and PE are poor ways to value a company, unless you listen to morons on Bubblevision (CNBC)

RE: Meh
By TakinYourPoints on 10/25/2012 6:37:00 PM , Rating: 2
It's been a long squeeze for the last month. I've made about 10k on the side over the last 8 weeks selling call option spreads on AAPL, AMZN, QQQ, and EBAY. Its been going very well.

Today a small limit order on straight stock for AAPL at 600 went through for me after hours. If it hits the 200 period moving average then I'm buying more. The market is squeezing out weak longs that bought at the top, prices are getting good now.

RE: Meh
By sweetca on 10/25/2012 6:42:21 PM , Rating: 2
Yeah, all things being equal, I would say mildly oversold.

But, the ipad mini price was disappointing and the overall market still looks a little crappy in the short run.

Still, decent risk to get in here. Full disclosure, I would sit still just a little longer and wait for more info.

RE: Meh
By TakinYourPoints on 10/25/2012 6:49:09 PM , Rating: 2
Yeah, this is why I bought just a few shares at 600. I'm still hoping it tags the 200DMA. It is actually very close to that level on the 6 month and 1 year timeline. I expect it to be flattish for the rest of the quarter, but we'll see, I'm no mind reader. :)

Also note that I still have an overall dollar cost average of $135, even after selling quite a few shares at around $350. This is just dipping in for a little more cash before it makes its way back to $700+

RE: Meh
By Tony Swash on 10/25/2012 7:45:05 PM , Rating: 1
But, the ipad mini price was disappointing and the overall market still looks a little crappy in the short run.

Here is an interesting iPad Mini perspective from MobiHealthNews

Summary: the iPad Mini is the first iPad that can fit into the standard lab coat pocket. Those typically measure about 8.5 inches by 7.5 inches.

About one third of physicians that Epocrates polled leading up to Apple’s big announcement earlier this week said they planned to buy the device if it turned out to be a real product.

I think iPad Mini sales may surprise many, a bit like the original iPad did.

RE: Meh
By Kral091k on 10/25/2012 8:33:42 PM , Rating: 2
ipad mini sales will be driven by a more rational purchase though, not emotional one like when the ipad first introduced, as people now have alternative from Microsoft. The time for ipads to prove themselves worthy as tools in order to stay relevant

RE: Meh
By ritualm on 10/26/2012 7:11:02 PM , Rating: 2
Wrong. iPad mini sales are all emotional and peer pressure. They all want the fruit logo on the backside, they don't particularly care if it's just an oven door masquerading as an iMac.

iDevice scamming is more profitable than armed bank robberies.

By ryanbrancel on 10/25/2012 9:41:40 PM , Rating: 2
Everyone else is releasing Q3 numbers and Apple announces Q4? So after the holidays it will be Q5?

RE: Q4?
By Rukkian on 10/26/2012 10:52:30 AM , Rating: 2
Most companies do not run their fiscal year based on the calendar year. This is perfectly normal.

Sweet baby Jesus.
By JKflipflop98 on 10/26/2012 1:38:38 AM , Rating: 2
That's a lot of cash. I thought we were doing good with 3B net.

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