• Your favorite

    Apple

    ,

    iPhone

    ,

    iPad

    ,

    iOS

    ,
    Jailbreak
    , and
    Cydia
    site.
  • Apple 3Q Earnings Obliterate Estimates


    Apple may have even surprised Apple with the company's reported 3rd quarter revenue announced Tuesday after the close of trading on Wall Street. Blowing consensus estimates out of the water, Apple beat the street (which had forecast 3Q earnings of $14.75 billion) by posting earnings totaling $15.74 billion.

    From CNBC:
    Apple easily topped analysts' expectations in its fiscal third quarter and gave a better-than-expected sales forecast, pushing the company's stock higher in extended trading Tuesday.
    Even Apple's guidance is worth noting with Q4 Revenue guidance at $18 billion vs. $17.03 Street consensus. Q4 EPS guidance is $3.44 vs. $3.82 Street consensus. Apple revealed today, as expected, stellar sales across its vast iDevice product line. During the quarter that ended June 30th, Apple shipped 3.27 million iPads, 3.47 million Macs, and 9.4 million iPods. Q3 iPhone shipments, however, came in at 8.4 million - slightly below consensus estimates.

    With regard to the controversy and customer fallout in the wake of "Antennagate," Apple largely seems unaffected by the recent wave of negative press and consumer criticisms. Looking ahead to the next quarter, Apple is presently forecasting $18 billion in revenue and $3.44 EPS. That's a pretty bold and confident prediction, especially coming from a company that is known for presenting very, very tentative if not absurdly conservative estimates in order to blast them to bits when the cold hard data finally rolls in.

    Shares of Apple exploded 4% in after-hours trading as soon as Cupertino announced the long-awaited 3Q earnings.

    CNBC
    This article was originally published in forum thread: Apple 3Q Earnings Obliterate Estimates started by Michael Essany View original post
    Comments 59 Comments
    1. evolutionarymc's Avatar
      evolutionarymc -
      Good work Apple, all the more reason to innovate and bring us better quality products. People ^ complaining about the $$$ they make is pointless. Do you even have the slightest clue how many people they have in their pockets? This is BIG business, if they don't see $$$ like that you'll have to start modding Androids. lol They went almost $1 billion over projections meaning w/ a $175 million bumper loss they still made $725 million more than they anticipated. WOWZERS!
    1. zozodouce's Avatar
      zozodouce -
      Quote Originally Posted by blkcadi View Post
      Something so wrong about a company making that much money, how greedy can you be? As a business owner I understand about making a buck, but come on............This seems just sinful to me.
      If it was your company making all that money would you come here and cry about it? Lol.
    1. blkcadi's Avatar
      blkcadi -
      ^and you are who? and that means what to me?
      Don't hate the player, hate the game is what I am told. Still, a lot of money. Fair price for a good product, hmmmmmmmmmm.
    1. kuhndsn's Avatar
      kuhndsn -
      Quote Originally Posted by blkcadi View Post
      ^and you are who? and that means what to me?
      Don't hate the player, hate the game is what I am told. Still, a lot of money. Fair price for a good product, hmmmmmmmmmm.
      Correct. And might I add... Wonderful thing about our business market is, we are not regulated on our price. If the consumer pays then so be it... Just wish the medical field was...I got injured in Afganistan and OMG the price of pills and such. Now that's an argument..

      If you want to see price hikes take a look at the biz market in Vegas... ;-). Lol
    1. blkcadi's Avatar
      blkcadi -
      Quote Originally Posted by kuhndsn View Post
      Correct. And might I add... Wonderful thing about our business market is, we are not regulated on our price. If the consumer pays then so be it... Just wish the medical field was...I got injured in Afganistan and OMG the price of pills and such. Now that's an argument..

      If you want to see price hikes take a look at the biz market in Vegas... ;-). Lol
      It could/may also be one of the reasons that our economy/country is struggling. Not sayin' it is, to start another rant, just saying. If you gouge the consumer, then he passes it on to the next guy and so on. It's like the song that never ends.

      Oh my, you were wounded, shouldn't the VA take care of that for you? Bless you. I thank you for serving.
    1. flrdotcom's Avatar
      flrdotcom -
      is this 3Q 2009? Because we just started the 3rd quarter 20 days ago...
    1. robertr1's Avatar
      robertr1 -
      Quote Originally Posted by blkcadi View Post
      Something so wrong about a company making that much money, how greedy can you be? As a business owner I understand about making a buck, but come on............This seems just sinful to me.
      If they made it from some big scam then that's wrong but what's wrong about it legitimately making money off of products?
    1. exNavy's Avatar
      exNavy -
      Quote Originally Posted by blkcadi View Post
      Something so wrong about a company making that much money, how greedy can you be? As a business owner I understand about making a buck, but come on............This seems just sinful to me.
      And the oil industry isn't just as bad?
    1. Cer0's Avatar
      Cer0 -
      Quote Originally Posted by flrdotcom View Post
      is this 3Q 2009? Because we just started the 3rd quarter 20 days ago...
      Post on this already.

      Quote Originally Posted by cerote View Post
      It is called the Fiscal Year. They go by a 12 month period not by a calandar year. Most companies and countries differ but here is an example of the US government fiscal year schedule.

      1st Quarter: October 1, 2009 - December 31, 2009
      2nd Quarter: January 1, 2010 - March 31, 2010
      3rd Quarter: April 1, 2010 - June 30, 2010
      4th Quarter: July 1, 2010 - September 30, 2010
      Source: [ame=http://en.wikipedia.org/wiki/Fiscal_year]Fiscal year - Wikipedia, the free encyclopedia[/ame]
    1. macsoldier's Avatar
      macsoldier -
      Cha ching
    1. mortopher's Avatar
      mortopher -
      Quote Originally Posted by kuhndsn View Post
      If you you have a successful
      Product than you will make money. Crapy product poor business model and possible in a socialistic company than you can bet apple wouldn't make as much. Thank god we live in a country that allows people to
      Prosper from their hard work and ideas.
      And from the exploitation of overworked little brown people across the ocean. Yay capitalism
    1. thetoothfairy's Avatar
      thetoothfairy -
      Wish I would have bought their stock a while ago when I could have bought it for $89.00 a share... I want to puke every time I look at their stock!

      Interesting thread though....
    1. Cer0's Avatar
      Cer0 -
      Think their stock makes you sick. Look at Birkshire Hathaway stock prices. Closed today at 117350.00 a share.
    1. thetoothfairy's Avatar
      thetoothfairy -
      ^ I could not afford to buy into that is for sure! But sure wish I did!
    1. rkswat's Avatar
      rkswat -
      Quote Originally Posted by bschucher View Post
      It's called capitalism and there isn't a damned thing wrong with it.
      Really? Tell that to all the people that lost their shirts because of "capitalism"..... Bank bail outs anyone?
    1. Bluprint's Avatar
      Bluprint -
      crooks.
    1. bschucher's Avatar
      bschucher -
      Quote Originally Posted by blkcadi View Post
      It could/may also be one of the reasons that our economy/country is struggling. Not sayin' it is, to start another rant, just saying. If you gouge the consumer, then he passes it on to the next guy and so on. It's like the song that never ends.

      Oh my, you were wounded, shouldn't the VA take care of that for you? Bless you. I thank you for serving.
      You cannot be "gouging" someone for a product like a cell phone. Its a completely non essential item. If they wanted to charge 2K for the thing they could.... it would not be gouging.
    1. blkcadi's Avatar
      blkcadi -
      ^ Price gouging is a pejorative term referring to a situation in which a seller prices goods or commodities much higher than is considered reasonable or fair.
      Is this fair? Your call.
    1. Cer0's Avatar
      Cer0 -
      How much is a droid x outright.