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  • Apple Posts Strong Q2 2013 Earnings


    Apple has just reported earnings for its second fiscal quarter of 2013 and the results were better than expected.

    Apple earnings came in at $10.09 EPS on $43.60 billion in revenue. Expectations called for $10 EPS and $42.33 billion in revenue. For the quarter, Apple sold 37.4 million iPhones, 19.5 million iPads, and just under 4 million Macs.

    The Mac maker announced a dividend of $3.05 a share and expanded its share repurchase program to $60 billion.

    Unfortunately, for the first time in a decade, these numbers also reflect the company's year-over-year earnings decline.

    As expected, guidance was disappointing.

    “We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad,” Tim Cook, Apple’s CEO, said in a statement. “Our teams are hard at work on some amazing new hardware, software and services, and we are very excited about the products in our pipeline.”

    Ahead of today's earnings report, investor optimism was certainly less than buoyant. Abhey Lamba, a senior equity research analyst at Mizuho Securities, told CNBC that there are muted expectations for Apple this year due to the fact that only product refreshes are on tap - no groundbreaking new devices.

    "We're not expecting (new products) this year," Lamba said. "For value investors it's important for the company to leverage its balance sheet to return more cash to shareholders and be more aggressive on buybacks. For now, they need to embrace value investors until they can prove that they can create new product categories. That's when growth investors will come."

    Source: CNBC
    This article was originally published in forum thread: Apple Posts Strong Q2 2013 Earnings started by Michael Essany View original post
    Comments 9 Comments
    1. fanboyfanboy's Avatar
      fanboyfanboy -
      And yesterday were the assumptions apple had a poor quarter -_-
    1. *T*'s Avatar
      *T* -
      I've read writing by my 12 year old brother that was better than this. For one, you COMPLETELY messed up the statistic about the buyback program: according to the WSJ, last year's buyback program was only TEN billion, not the FIFTY billion in this article. The amount you screw this up is equivalent to the entire GDP of many small countries.

      Secondly, your grammar is flawed in the last sentence of the second paragraph. You attempted to link 2 unrelated subjects by a comma.

      Essany, you need to step up your game. Is it really that much to ask to proofread your work?
    1. NSXrebel's Avatar
      NSXrebel -
      Messany always posts crap "articles/stories" just to get hit counts I'm sure. He can't be that incompetent, or can he?! Take anything he, or any analyst says with a grain of salt.
    1. pegitt's Avatar
      pegitt -
      Interesting that the profits were so strong apple actually had a drop in earnings for the first time in 10 years.

      Time to check your sources I think!
    1. NSXrebel's Avatar
      NSXrebel -
      Quote Originally Posted by pegitt View Post
      Interesting that the profits were so strong apple actually had a drop in earnings for the first time in 10 years.

      Time to check your sources I think!
      It's all manipulation by analyst, by saying Apple didn't meet their expectations. Apple has not mentioned how many units they plan to sell, but this analyst will pull some random number out of their a$$es and then if Apple doesn't sell said amount, everyone is quick to say that Apple is doing bad, even though they have posted profits, quarter after quarter. it's all BS
    1. Scotty Manley Silberhorn's Avatar
      Scotty Manley Silberhorn -
      By not launching a spring product for the first time in a few years, your going to have a decrease in sales. Not even news on osx 10.9 leads us to believe that right now, apple has nothing up their sleeve and are putting all their biscuits into one basket. Maybe that basket is a TV, or an iwatch. Lets all pray that it's the TV!
    1. docmagoo2's Avatar
      docmagoo2 -
      http://www.bbc.co.uk/news/business-22274324

      Here's what the beeb said about it
    1. striker77's Avatar
      striker77 -
      Quote Originally Posted by *T* View Post
      I've read writing by my 12 year old brother that was better than this. For one, you COMPLETELY messed up the statistic about the buyback program: according to the WSJ, last year's buyback program was only TEN billion, not the FIFTY billion in this article. The amount you screw this up is equivalent to the entire GDP of many small countries.

      Secondly, your grammar is flawed in the last sentence of the second paragraph. You attempted to link 2 unrelated subjects by a comma.

      Essany, you need to step up your game. Is it really that much to ask to proofread your work?

      Do people like you really have nothing better to do? Don't like it? Don't read it.... jesus....

      It's like you need to flex your little kid E-Peen of english to feel good about yourself. Grow up and do your job. Let the people on this website do theirs.
    1. RICO_'s Avatar
      RICO_ -
      Quote Originally Posted by striker77 View Post
      Do people like you really have nothing better to do? Don't like it? Don't read it.... jesus....

      It's like you need to flex your little kid E-Peen of english to feel good about yourself. Grow up and do your job. Let the people on this website do theirs.
      The man does have a point. While perfection is not expected, if Messany's facts are indeed wrong then anyone has the right to call him out on it.

      And how can he decide if he doesn't like an article if he does not read it first? Just sayin'