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Apple continues to put up impressive numbers

Over the past few months, Apple's stock value has been on a wild rollercoaster ride. AAPL crossed the $500/share threshold in early February, and passed by $600/share in March. The stock peaked at $644/share earlier this month, but has since plummeted back down to around $560/share (at market close today).
 
During Q1, Apple released its third generation iPad, which once again proved to be a sales blockbuster, breaking previous records set by the iPad 2. The company also released a revamped Apple TV during the quarter, but Apple’s “hobby” doesn’t exactly set enthusiasts’ hearts ablaze.
 
With that in mind, Apple today released its fiscal Q2 earnings report. The company reported revenue of $39.2 billion versus Wall Street estimates of $36.81 billion. Net profit rang in at $11.6 billion while earnings per share (EPS) came in at $12.10 versus a consensus of $10.04.
 
When it comes to device sales, the Cupertino, California-based company saw iPhone sales of 35.1 million (88 percent year-over year growth) -- during Q1, AT&T and Verizon alone activated 4.3 million and 3.2 million iPhones respectively. When it comes to the iPad, Apple recorded the sale of 11.8 million units.

 

 
Apple’s Mac business saw a seven percent year-over-year increase to 4 million units. On the other hand, Apple’s once red hot iPod business saw a 15 percent year-over-year decline to 7.7 million units.
 
“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Apple CEO Tim Cook. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”
 
AAPL is up over 6 percent in after hours trading to $598.


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RE: Not according to Apple Authority Jason Mick
By Tony Swash on 4/24/2012 5:36:45 PM , Rating: -1
quote:
He says "It's Sophomore Slumpsville for iPhone 4S's Second Quarter"


Yeah it was pretty grim:

The Company sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter.

Apple sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter.

The Company sold 4 million Macs during the quarter, a 7 percent unit increase over the year-ago quarter.

Net profit is up 94 percent from a year ago.

The company now has more than $110.2 billion in cash on hand, up from $97.6 billion at the end of the December quarter.

Apple sold 7.7 million iPods, a 15 percent unit decline from the year-ago quarter.

Not sure how long Apple can survive with the iPod declining at that rate. Apple is doomed.


RE: Not according to Apple Authority Jason Mick
By Tony Swash on 4/24/12, Rating: -1
RE: Not according to Apple Authority Jason Mick
By Tony Swash on 4/24/12, Rating: -1
By corduroygt on 4/24/2012 6:10:58 PM , Rating: 2
Apple has to thank HP for getting me to buy an iPad. I had the $100 Touchpad and saw that it was pretty good, but didnt have any apps. I eventually wanted a real tablet with apps, so I gave my HP touchpad to a family member and got me the new iPad.


"Game reviewers fought each other to write the most glowing coverage possible for the powerhouse Sony, MS systems. Reviewers flipped coins to see who would review the Nintendo Wii. The losers got stuck with the job." -- Andy Marken














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