Print 69 comment(s) - last by weskurtz0081.. on Apr 27 at 10:09 AM

Apple profits rise 15%, iPhone sales soar

When it comes to Apple, the thing most fresh in most peoples' minds have been Microsoft's "Laptop Hunter" ads. Microsoft's three ads took direct aim at Apple's "cool" but expensive laptops and compared them to Windows Vista-based laptops which offered similar specs for hundreds less.

Despite the back and forth that has been brewing on the internet with Microsoft's fresh attack on Apple, the boys from Cupertino have something else on their minds today: Q2 2009 results for the period ending March 29. Despite the downturn in the economy, Apple as a company managed to post revenue of $8.16 billion and profit of $1.21 billion which represented earnings of $1.33 per diluted share. Apple's results for the same period last year were $7.51 billion, 1.05 billion, and $1.16 respectively.

While Microsoft's Laptop Hunter ads came too late in the quarter to personally do any serious damage to Apple's momentum with Mac sales, it appears that the slowing economy and consumers' penchant for lower-priced netbooks was the motivating factor for the three percent slide in Mac sales to 2.22 million compared to a year ago.

On the other hand, iPod sales grew a modest three percent to 11.01 million units while iPhone sales were up a whopping 123 percent from a year ago to 3.79 million units.

"We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history," said Apple CFO Peter Oppenheimer. "Apple’s financial condition remains very robust, with almost $29 billion in cash and marketable securities on our balance sheet. Looking ahead to the third fiscal quarter of 2009, we expect revenue in the range of about $7.7 billion to $7.9 billion and we expect diluted earnings per share in the range of about $.95 to $1.00."

Most Apple fans will now be looking forward to June when the company is expected to announce a new hardware revision of the iPhone and OS v3.0. The next generation iPhone hardware is expected to feature faster connectivity speeds, dual cameras, and support for stereo Bluetooth. The latest iPhone OS revision will bring much-needed support for MMS messaging, copy/paste, push notifications, and landscape email support.

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By stromgald30 on 4/23/2009 4:24:41 PM , Rating: 2
Um, Microsoft has $8 billion in cash and cash equivalents.

Look at the numbers before posting, please.

RE: Apple's Needing to Target Low-End Exaggerated
By Pirks on 4/23/09, Rating: 0
By weskurtz0081 on 4/23/2009 9:36:24 PM , Rating: 2
I am really curious if you have even looked at the latest financial reports.... or are you just repeating incorrect information that you are seeing other people post?

RE: Apple's Needing to Target Low-End Exaggerated
By Pirks on 4/24/2009 3:22:12 AM , Rating: 2
Are the official Apple's and MS's financial reports incorrect?

By weskurtz0081 on 4/24/2009 7:45:55 AM , Rating: 2
I never said THEY were, I said what you are quoting.... and where ever you got that info from, is incorrect.

RE: Apple's Needing to Target Low-End Exaggerated
By Pirks on 4/24/2009 3:58:19 PM , Rating: 2
So you're saying the official Apple and MS info is incorrect? I've got it from the official MS and Apple web pages, see links above.

By weskurtz0081 on 4/24/2009 4:16:41 PM , Rating: 2
I have them too! Here, I will post the links and the data for those of you (not naming names) in the cheap seats!

MSFT: $7.285B
APPL: $4.466B

S.T. Securities
MSFT: $18.055B
APPL: $20.547B

Total Current Cash/Equivalents etc:
MSFT: $25.34B
APPL: $25.013B

Now.... lets go ahead and skip to TOTAL assets!

MSFT: $68.853B
APPL: $43.237B

I think that is pretty self explanatory isn't it?

RE: Apple's Needing to Target Low-End Exaggerated
By Pirks on 4/24/2009 5:19:11 PM , Rating: 2

"$29 billion in cash and marketable securities on our balance sheet"

By weskurtz0081 on 4/24/2009 5:48:36 PM , Rating: 2
Oh.... I see. You are quoting what someone else says.... and NOT what the balance sheet says! Nice.........

So, have you even looked at the balance sheets? Do you know how to read them?

Ok... since you are taking the word of an Apple shill... and don't seem to understand financial statements, I will break it down for you.

The number, which is actually $28.878 Billion is Current assets PLUS long term securities.

Typically, long term securities are not listed the way Apple listed them because it is hard to determine the value of a long term investment... hence it should not be counted as CASH. What Apple did is bolster the balance sheet by listing it as a CURRENT asset, which it is typically not listed as.

So, why don't you go take a look at the official balance sheets of both companies, rather than take the word of an Apple mouthpiece, and try to understand and learn what all of that means. ;)

By weskurtz0081 on 4/24/2009 7:47:24 AM , Rating: 2
Do I REALLY need to pull the data off of each of the companies Q2 10Qs?

"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad

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