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Thread: Apple Wows Wall Street in 'Monster' Record Earnings Report

  1. #1
    MMi Staff Writer Michael Essany's Avatar
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    Default Apple Wows Wall Street in 'Monster' Record Earnings Report


    After the close of trading Tuesday on Wall Street, Apple announced the best quarterly earnings in the company's storied history. Blowing past (with hurricane-like wind speeds) Wall Street expectations, Apple said its earnings rose more than 117% to $13.06 billion last quarter, which shakes out to about $13.87 per diluted share.

    For the quarter, Apple's revenue was a new quarterly best at $46.33 billion. Earnings had been forecast to climb by 57% to $10.08 a share with revenue expected to climb 45% to $38.85 billion.

    Apple sold 37 million iPhones, 15.4 million iPads and 5.2 million Macs during the quarter. Each stat set a new record for Apple and far surpassed analysts' expectations.

    “We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Apple CEO Tim Cook. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

    This had been Cook's first full quarter as CEO following the passing of Steve Jobs last October.

    Although shares of AAPL were halted prior to the announcement of earnings, after-hours trading has since resumed with APPL similarly making history, trading a record high $450 a share.

    Source: Apple

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    iPhone? More like MyPhone Eagleye's Avatar
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    Wow. Just wow.

  3. #3
    Suck On That You Android Fan Boys!!! APPLE FTW

    Suck On That You Android Fan Boys

    Apple FTW
    Last edited by Simon; 01-24-2012 at 04:59 PM.

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    iPhoneaholic Norb's Avatar
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    Quote Originally Posted by PolishHacker View Post
    Suck On That You Android Fan Boys!!! APPLE FTW

    Suck On That You Android Fan Boys

    Apple FTW
    I actually really like Apple products but you're kind of ridiculous...
    Last edited by Simon; 01-24-2012 at 05:00 PM.

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    Livin the iPhone Life BenderRodriguez's Avatar
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    Okay so Apple pass some of that money onto your customers... Which will never happen, dangit!!!

  6. #6
    Why do people always feel entitled to wealth from the rich?

  7. #7
    Quote Originally Posted by Zokunei View Post
    Why do people always feel entitled to wealth from the rich?
    True story... Although a slightly less expensive MacBook would be nice...

  8. #8
    Livin the iPhone Life mortopher's Avatar
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    Quote Originally Posted by PolishHacker View Post
    Suck On That You Android Fan Boys!!! APPLE FTW

    Suck On That You Android Fan Boys

    Apple FTW
    Right, because google is basically broke...

  9. #9
    Livin the iPhone Life BenderRodriguez's Avatar
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    Quote Originally Posted by tbare83 View Post
    True story... Although a slightly less expensive MacBook would be nice...
    Exactly what I was trying to say

  10. #10
    My iPhone is a Part of Me iLoveWindows&iPhone's Avatar
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    Quote Originally Posted by Zokunei View Post
    Why do people always feel entitled to wealth from the rich?
    Uhh I don't think most feel "entitled" to it, they just want it.... Duh.
    El Zurdo

  11. #11
    Quote Originally Posted by Zokunei View Post
    Why do people always feel entitled to wealth from the rich?
    I mentioned Apple's profit earnings for the last quarter to some co-workers and they said the same thing. "Why don't they share" Because most people don't go into business to share what they make. Most go into it to make money and it shows that Apple knows just how to do that efficiently.

  12. #12
    Quote Originally Posted by iLoveWindows&iPhone View Post
    Uhh I don't think most feel "entitled" to it, they just want it.... Duh.
    Well a lot of people say, "Why don't they share? No one should be allowed to have that much money." While I agree that it's not right to keep that much money when all you can do is leave it to the company when you die and you could be helping people that are in desperate need (and are unable to fulfill that need), I don't think they should be forced to have their money taken away.
    Last edited by Zokunei; 01-24-2012 at 08:56 PM.

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    iPhone? More like MyPhone GooseG's Avatar
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    Quote Originally Posted by Zokunei View Post
    Why do people always feel entitled to wealth from the rich?
    Because Obama has turned this country into lazy socialist scum.

  14. #14
    Quote Originally Posted by GooseG View Post
    Because Obama has turned this country into lazy socialist scum.
    It wasn't just Obama.

  15. #15
    iPhone? More like MyPhone GooseG's Avatar
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    Quote Originally Posted by Zokunei View Post
    It wasn't just Obama.
    Haha. So true.

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