Apple disappoints Wall Street analysts by making a lot of money.

Apple reports its 2012 Second Quarter Results with quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion.

The Company sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter. Apple sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter. The Company sold 4 million Macs during the quarter, a 7 percent unit increase over the year-ago quarter. Apple sold 7.7 million iPods, a 15 percent unit decline from the year-ago quarter.

There are still a lot of Wall Street analysts disappointed with Apple’s quarterly results. John Gruber sums it up nicely. Gruber quoted some writer from some website:

But, when it comes to Apple, those sales were actually something of a disappointment. On average, Apple was expected to sell closer to 13 million iPads last quarter, the first in which it has sold the New iPad, as the latest model is known.

Let’s see. Wall Street analysts were guessing the amount of iPads Apple would be selling and got their number higher than what Apple reported. That’s a disappointment to them. What I want to know is where the 13 millions of iPad number is coming from? Were the analysts throwing darts onto a board and picked whatever the number the dart landed on?

Anyway, these Wall Street analysts or Financial analysts sound more like people who make stuff up by extrapolating numbers that are not correlated to each other.

Let’s see how Apple shares perform on Wednesday April 25th, 2012. I’m pretty sure there are a lot of people who already reaped a lot of profits by selling their Apple shares for the past week.

Reminders: Apple Earnings Call is scheduled for today, April 24th, 2012.

Apple is set to announce its Fiscal Year 2012 Second Quarter Results today (April 24th, 2012) at 2:00 p.m. PDT/5:00 p.m. EDT.

In the last 7 days, Apple shares have been taking a beating and closed at 571.70 on Monday April 23rd, 2012. Apple shares reached as high as 644 in the beginning of April 2012.

Editor’s note:
There are those who bet against Apple because of their personal dislikes of the company. Apple shares rapidly gaining in early April faster than anyone expected, including yours truly. Unfortunately the professional financial analysts are mostly wrong.

p.s. 37prime staff and contributors do not own a single AAPL share, individually or collectively.

Snow Leopard has arrived so I can move to iCloud.

I received a copy of Snow Leopard in the mail so that I can move my MobileMe account to iCloud. A Snow Leopard 10.6.3 DVD and a thick multi-language Software License Agreement booklet are packed in a brown padded envelope.

I personally will move my MobileMe account at the last moment possible because I still have some Macs that will never be able to run OS X Lion ever. Namely the PowerPC based Macs. In the meantime, I have been using a different iCloud account since Summer 2011.

Apple is committed to keep MobileMe service until June 30th, 2012.

 

First World Problem: Can’t access Netflix, again.

Truly a First World Problem. It’s the middle of the night, I’m working on something that involves a lot of waiting. I thought I’d pass some times by watching something on Netflix; then this happen:

There is a problem connecting to Netflix.

 

Get your 25 GB of SkyDrive storage.

SkyDrive originally gave 25 GB of free storage. Microsoft is changing all that, unless you claim that 25 GB of free storage. The new SkyDrive gives 7 GB of free storage. Existing SkyDrive users can keep the 25 GB of free storage by opting in; simply login to your SkyDrive account.

 

Recording using GarageBand on iPad.

One of the coolest feature of GarageBand is the ability to do multi-track recording. For quiete some times, I had been meaning to record a few song ideas and finally I did it today. This time I’m using GarageBand on iPad.

I am working on the arrangement of the song, For Now.