Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.
07-24-2012, 04:20 PM #1
Apple Fumbles in Q3 Earnings Report
In recent weeks, MMi has consistently covered the wide range of industry analysts and Wall Street watchers who were aggressively revising their earnings estimates ahead of Apple's Q3 report today. And from the looks of it... they were all wrong.
Aptly described immediately in the press as "a huge earnings miss," shares of AAPL plunged 5% in after-hours trading as the company revealed net income was $8.8 billion ($9.32 per share). Although that's up 21 percent from $7.3 billion ($7.79 per share) one year ago, Wall Street was looking for gains amounting to $10.37 a share. Revenue also rose 23 percent to $35 billion, but analysts were expecting to see $37.22 billion in revenue.
“I think people were prepared for a bit of a top-line miss, but this is a bit extreme,” Alex Gauna, an analyst at JMP Securities, tells CNBC. “Obviously, gross margin wasn’t enough to save the stock in this case.”
Apple sold 26 million iPhones in the quarter, at the low end of expectations. It sold 17 million iPads, beating forecasts. The company reported that its cash pile rose to $117 billion, an increase of $7 billion during the quarter.
07-24-2012, 04:34 PM #2
Such a travesty😰
07-24-2012, 04:41 PM #3
I bet there was a big fat grin on Larry Pages face when he heard that. Funny though how this is considered a huge miss and has people worried when all the other computer companies and phone companies besides Apple and Samsung are lucky to even be alive
But come october and a few more lawsuits and a shiny new iphone and Apple will resume its rule as supreme leader of the world... not that it isnt already though.
Last edited by SnowLeo; 07-24-2012 at 04:43 PM.
07-24-2012, 04:46 PM #4
07-24-2012, 04:49 PM #5
Wow...what level on fanboism...
Wipe the fanboi crud from your eyes, even Apple is predicting that next quarter will be about 18% below this one...
And with the state of the world economy day in and day out less and less people will be able to afford luxuries such as Apple products...
Sometimes it helps to read something else than modmyi you know...
07-24-2012, 04:55 PM #6
07-24-2012, 04:59 PM #7
How do they fumble when making significant profits like that? Sure analysts expected more but they still made huge profits
07-24-2012, 05:05 PM #8
This is just what is wrong with the US Financial System. How can an increase in the Bottom Line be viewed as a failure? "It's a travesty because event though we made a ton of money, we wanted to make even more money."...Greedy bastards.
07-24-2012, 05:19 PM #9
- Join Date
- Feb 2011
- Thanked 2 Times in 1 Post
07-24-2012, 06:07 PM #10
If not then this does not concern you.
If you do own some AAPL stocks then I did not hear you complain when Apple earning is higher than projection and resulting with stock prices shot straight up. You've profit from these projections, don't complain when it does not go your way. It just make you look like a greedy bastard.
07-24-2012, 06:16 PM #11
07-24-2012, 06:18 PM #12
Not a waterboy for Android OR Apple.
07-24-2012, 06:51 PM #13
I bought them low and sell them high.
Bought them around June at around $580 and sold them at $600.
This is one of my none volatile stock I keep in my portfolio.
I am waiting for AAPL to fall further, hopefully down to the $575~$580 area would be great if it does I will pick some up.
07-24-2012, 07:01 PM #14
07-24-2012, 07:05 PM #15
I'm no expert in investing, that's why my money is with a broker who's had good success with other family members and I trust him, and he bought the bulk of my Apple stock about 3 1/2 years ago - it's done extremely well.
Last edited by Slimz; 07-24-2012 at 07:18 PM.
07-24-2012, 07:20 PM #16
I trade on my own through Charles Schwab & Co.
This AAPL was only a small part of my portfolio, I have some real money makers and some "safe" ones I transfer the profits of my investments into.
I bought these "safe" stocks instead of investing on real estate which is what my financial planner suggested, figure why not make some money and keep it in a fairly safe stock instead of buying a home and add another thing to worry about like how is housing market is doing.
My last reply in this subject matter, do not have to justify my investments to people. I do well enough to make a living moving money around.
Sitting on it hoping it grows do not make enough money.
Imagine if he bought when it dips and sold when it peaks in this 3.5 years, you would have a lot more money/stocks than you do now sitting on AAPL.
Last edited by unison999; 07-24-2012 at 07:25 PM.
07-24-2012, 07:25 PM #17
07-24-2012, 07:27 PM #18
07-24-2012, 07:34 PM #19
I just personally see a longer term investment than makes pennies on the dollar, but when your spending that kind of money I see where you are coming from. That's all. I guess different schools.
07-24-2012, 09:59 PM #20