Tag: AAPL

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Apple Reports 2014 Third Quarter Results

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Apple reports financial results for its fiscal 2014 third quarter ended June 28, 2013.

CUPERTINO, California—July 22, 2014—Apple® today announced financial results for its fiscal 2014 third quarter ended June 28, 2014. The Company posted quarterly revenue of $37.4 billion and quarterly net profit of $7.7 billion, or $1.28 per diluted share. These results compare to revenue of $35.3 billion and net profit of $6.9 billion, or $1.07 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared to 36.9 percent in the year-ago quarter. International sales accounted for 59 percent of the quarter’s revenue.

Apple’s board of directors has declared a cash dividend of $.47 per share of the Company’s common stock. The dividend is payable on August 14, 2014, to shareholders of record as of the close of business on August 11, 2014.

  • 2012 Q3: 17 Millions of iPad sold
    iPad 3 was released on March 16, 2012
  • 2013 Q3: 14.6 Million of iPad sold
    iPad mini and iPad 4 were released on November 2, 2012
  • 2014 Q3: 13.3 Millions of iPad sold
    iPad Air was released on November 1, 2013
    iPad mini with Retina Display was released on November 12, 2013

Mac sales were up 17.6 percent to 4.4 million units, compared to 3.8 million units in the same quarter previous year.

iPhone sales were up 12.7 percent to 35.2 million units, compared to 31.2 million units in the same quarter previous year.

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Apple Seven-for-One Stock Split

Apple-7-for-one-Stock-Split

June 9, 2014 is the first trading day for Apple stock (AAPL) following the Seven-for-One split.

AAPL closed at $645.57 ($92.22 on post-split adjustment) on Friday, June 6, 2014. After the Seven-for-One split, AAPL closes at $93.70 on Monday, June 9, 2014.

Surprisingly, Forbes, a huge business/financial publications does not really understand how stock split works.

According to Forbes, AAPL plummeted by $551.87. Not sure if Forbes is either incompetent or lying.

Forbes is either incompetent or lying

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Apple: Earnings and Stock Split

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From Apple PR:

CUPERTINO, California—April 23, 2014—Apple® today announced financial results for its fiscal 2014 second quarter ended March 29, 2014. The Company posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter. Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

Notable numbers:

  • iPhone sales increase 17% Year Over Year from 37 million to 43 million units
  • iPad sales decrease 16% Year Over Year from 19 million to 16 million units
  • Mac Sales increase 5% Year Over Year from 3.9 million to 4.1 million units

Also from Apple PR:

The Board of Directors has also announced a seven-for-one stock split.  Each Apple shareholder of record at the close of business on June 2, 2014 will receive six additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on June 9, 2014. 

Does that mean I could finally buy 10 Apple Stocks instead of none?

 

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Apple Makes Tons of Profits, Scumbag Analysts are Still Disappointed.

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The short version:

Apple had a great quarter

Apple also provides guidance for its fiscal 2014 second quarter:

  • Revenue between $42 billion and $44 billion
  • Gross margin between 37 percent and 38 percent
  • Operating expenses between $4.3 billion and $4.4 billion
  • Other income/(expense) of $200 million
  • Tax rate of 26.2 percent

Analysts are disappointed because Apple will never make gazillion-bajillion dollars in revenue.

Apple stock took a nose dive in after-hours trading.

To me, these financial analysts are White Collar Criminals who obviously looking to make quick bucks one someone else’s hard work.

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Nine Millions

From Apple PR:

First Weekend iPhone Sales Top Nine Million, Sets New Record

CUPERTINO, California―September 23, 2013―Apple® today announced it has sold a record-breaking nine million new iPhone® 5s and iPhone 5c models, just three days after the launch of the new iPhones on September 20. In addition, more than 200 million iOS devices are now running the completely redesigned iOS 7, making it the fastest software upgrade in history. Both iPhone 5s and iPhone 5c are available in the US, Australia, Canada, China, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the UK. Demand for iPhone 5s has exceeded the initial supply, and many online orders are scheduled to be shipped in the coming weeks.

Apple sells 9 million iPhone 5s and iPhone 5c

One week ago Apple stock took a beating because Apple did not announce the iPhone 5c first weekend pre-order number. On Monday, Apple stock gained 23.23 points after the announcement.

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Apple Retail Store are sold out of Gold iPhone 5s, while the Silver and Space Gray model can be relatively found in stores.

 

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Two Birds With One Apple Press Release

The short story:

  • Apple did not have any press releases on Monday September 16, 2013; no mentions of iPhone 5c pre-order numbers.
  • Wall Street violently reacts, AAPL down.
  • Tech Press hoped that iPhone 5c pre-sell numbers to be abysmal.

The reality is that Apple had no plans to announce iPhone 5c pre-order numbers by itself. However, Apple has a plan to announce the combined numbers of iPhone 5s and iPhone 5c sold during their first weekend sale numbers. That’s two birds with one Apple press release.

John Gruber bets:

(Apple) don’t want competitors to know the breakdown of 5C/5S sales. If we get a sales number announcement from Apple, it’ll come next week, after the 5S goes on sale for a weekend, and the figure announced will be that of all new iPhones sold. I bet.

I came to the same conclusion when I read and heard about AAPL shares taking a dive for not disclosing iPhone 5c first weekend pre-sale numbers.

The anti-Apple crowd are tearing through the turnstiles in full force, once again.

Apple Press Info iPhone 5s and iPhone 5c

 

 

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Apple Earnings FY 2013 Q1: Mac Sales

Captain Obvious knows that Wall Street investors and analysts are irrational. That’s because they are greedy, stupid or both. As a matter of fact, they are acting like white-collar criminals if they have not  become ones already. Apple stock (AAPL) is sure taking the pummeling after Apple revealed its quarterly earning results.

From Apple PR:

The Company sold 4.1 million Macs, compared to 5.2 million in the year-ago quarter.

Mac sales are down year-over-year and it is attributed to the availability of new iMacs which did not become available until November 30, 2012. Apple announced new iMac lines during its October 23, 2012 special event. Between October 23 and November 30, 2012 iMac lines were unavailable on Apple’s own online store. This greatly reduced the number of iMac sold.

Apple iMac December 2012 Tweet

It doesn’t take a financial analyst or investor to figure this out.