passed and Apple has yet again blown
away analyst earnings predictions. You'd think that the
tired Wall Street gurus would have learned by now.Leading the
way was an incredible 14.1 million iPhones shipped. Analysts
predicted that Apple, beleaguered by fierce
competition from Google's Android army and fallout from
4's faulty antenna, would only ship 11 million iPhones during the
quarter. As usual, Apple's customers unquestioning
loyalty and willingness to overlook the company's quality
slip-ups proved a valuable asset.Macs sales also looked
promising, with 3.89 million units shipped, versus an analyst
prediction of 3.7 million units. The strong iPhone and Mac
sales propelled quarterly revenue soaring to $20.34B USD (versus a
consensus estimate of $18.9B USD). Similarly, profits were up
to $4.31B USD, handsomely surpassing estimates.Apple's
earnings did showcase some troublesome signs, though.
Particularly worrisome for Apple, its brand-new iPad. I twas forecast
to move 4.7 million units, but only moved 4.19 million units, a sign
of slowing sales. And sales of iPods came in a 9.05 million
units, falling short of the predicted 10 million units.Its
prediction of $4.80 (USD) earnings per share for its quarter in
December also fell short of the bullish analyst consensus of
$5.04.These results led to an unusual trading pattern in
Apple's stock after hours. Despite reporting what seems a
blowout quarter, these telltale signs of weakness sent Apple stock
approximately $21/share, approximately a 6.6 percent drop. This
drop returned the stock to beneath $300, a mark that the stock just
passed for the first time early this month.
such is the fate of an unusual company like Apple whose customers are
fiercely loyal, whose actions are over scrutinized, and who continues
to deliver plenty of surprises come earnings day.
quote: It was forecast to move 4.7 million units, but only moved 4.19 million units, a sign of slowing sales.
quote: Apple's earnings did showcase some troublesome signs, though. Particularly worrisome for Apple, its brand-new iPad. I twas forecast to move 4.7 million units, but only moved 4.19 million units, a sign of slowing sales. And sales of iPods came in a 9.05 million units, falling short of the predicted 10 million units.
quote: Gi06518: shows how fast desirability has dropped off, Apple originally claimed around 3 million in the first month. With 600k to 700k the first day. Now all these months later, sold only slightly more than 1 million more.
quote: "In its previous iPad forecasts, iSuppli noted that the only constraint on shipment growth now is production - and not demand," said Rhoda Alexander, director of monitor research for iSuppli. "The only factor limiting production is the availability of key iPad components, such as the Field Fringe Switching (FFS) LCD panels, projected capacitive touch screens and NAND flash. Despite ongoing yield issues, Apple's suppliers have steadily increased monthly production to meet Apple's demand. Production rates are now on target to meet the expected strong fourth-quarter sales."
quote: but this type of comment is just stupid
quote: As usual, Apple's customers unquestioning loyalty and willingness to overlook the company's quality slip-ups proved a valuable asset.
quote: @ Tony Swash et al:There is no shortage of gullible consumers eager to become cool by purchasing an Apple product, regardless of any consideration whatsoever...including price, features, or quality. And, as P.T. Barnum has shown, there is a sucker born every minute...It is therefore my estimation that Apple will never die. No need to ever fear that it's going to go away...an infinite number of braindead zombies with credit cards guarantees it's immortality.
quote: I guess the whole world is out of step, every one else is stupid, anyone buying stuff you don't like cannot be doing so for rational reasons ..... you know when you put it like that it sounds sooo plausible.People buy Apple products because they like them, they like them because the way Apple designs and makes them. Until you accept that simple unpalatable truth you will be forever forced to rely on juvenile non-sequiters in order to explain reality.
quote: I'm not so sure about that. Apple products are like fashion. Once the novelty and coolness wears off sales will slow faster than it ever grew. History tells us that products like that never last. In the 80's it was the Sony Walkman and Swatch watches in the 90's we had Super Nintendo and PS1/PS2 in the 00's it was the GPS handheld's and MP3 players. Now we have all that in one unit, so whats next?
quote: Anoxanmore : The Iphone sales counted the Ipod Touch sales as well.
quote: Macintosh sales have grown strongly in recent years and at a faster rate than the overall PC market growth rate.
quote: You can't fall off the floor.
quote: This entire article is nonsense.
quote: Who's the more foolish: The fool, or the fool who follows him? - Obi-Wan Kenobi
quote: You seriously follow his blog, read all the resulting comments, take the time to register, log in and then complain about it?
quote: I think it is clear who the fool is...
quote: Well, I still wonder who in their right mind would switch from a nice 20"-22" big screen and wide ergonomic keyboard to some microscopic device where you should learn to touch-type with a pin, use microscope to read its retina display and... run what instead of enterprise standard MS Office? I don't get it, Tony, please explain.
quote: "We haven't pushed it (the iPad) real hard in business, and it's being grabbed out of our hands," Jobs said."We've got a tiger by the tail here, and this is a new model of computing which we've already got tens of millions of people trained on with the iPhone, and that lends itself to lots of different aspects of life, both personal and business," he said.On the competition, Jobs said he isn't worried. "We're not done. We're working on a lot of things for the future." He added: "We're out to win this one."
quote: Maybe they are all being fooled by Apple marketing.