backtop


Print 45 comment(s) - last by paydirt.. on Oct 21 at 10:18 AM


Despite record earnings and iPhone sales that broadly surpassed analyst efforts, optimism about Apple's quarterly report was dampered by poorer-than-expected iPad sales.  (Source: Tablet Tutor)
IPad sales showed some signs of weakness, though

Another quarter has 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 the iPhone 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. 

Perhaps 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.



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: Apple is doomed!
By spread on 10/18/2010 5:56:21 PM , Rating: 2
This entire article is nonsense. The iPad is the fastest selling electronic device in history, and it's still not good enough...

o_O


RE: Apple is doomed!
By gstrickler on 10/19/2010 1:30:54 AM , Rating: 2
quote:
This entire article is nonsense.


Of course it is. That's exactly what you should expect when you see a Jason Mick article, to expect anything else would be foolish.


RE: Apple is doomed!
By The Raven on 10/19/2010 10:47:11 AM , Rating: 2
quote:
Who's the more foolish: The fool, or the fool who follows him? - Obi-Wan Kenobi


You seriously follow his blog, read all the resulting comments, take the time to register, log in and then complain about it?

I think it is clear who the fool is...


RE: Apple is doomed!
By gstrickler on 10/20/2010 6:37:33 PM , Rating: 2
quote:
You seriously follow his blog, read all the resulting comments, take the time to register, log in and then complain about it?

No, I don't follow Jason Mick's blog, I make a point of ignoring his articles. And when it's an article about Apple, you can expect his disdain for all things Apple to come through along with his poor writing and incorrect information.

I started reading the article, realized about 2 paragraphs in that it had to be another lousy JM article, and stopped reading the article. I glanced at the comments and noticed the one I commented on. Didn't even bother to read the remaining comments.

quote:
I think it is clear who the fool is...

Yes, that would be the person making assumptions about facts that aren't in evidence.


RE: Apple is doomed!
By The Raven on 10/19/2010 11:22:28 AM , Rating: 2
I know this is the story, but I still find this difficult to believe. I didn't read anything on it, but considering that I have only ever seen one person use one (a friend) other than Natalie Morales on "The Marriage Ref" I just find it hard to believe.

I know I live in the STL, MO metro area (affuent part BTW) and not Cupertino, but there are just as many tech heads around here as there are in Fullerton or Sacramento, CA. I see plenty of iPhones (read: people who might be intersted in MORE Apple products) but I can't say the same for the iPad.

I know this is just one man's point of view but the "fastest selling electronic device in history" story seems unbelievable to me. It makes it sound like just as many people who saw a James Cameron movie have iPads. I'm not trying to crap on your comment, but just wanted to toss that out there because I don't know if I'm in some sort of iPad twilight zone. I'll have a look into it and see what I might be missing.


"If you mod me down, I will become more insightful than you can possibly imagine." -- Slashdot














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki