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  • More on Apple: FQ3 gross margin was 36.9%, -590 bps Y/Y but above guidance midpoint of 36.5%. GM of 36%-37% expected in FQ4. Americas and Japan were strong spots: exc. retail, sales rose 12% and 27% Y/Y, up from FQ2's +7% and +19%. Europe (-8% vs. +11%), China (-14% vs. +8%), and rest of Asia-Pac (-18% vs. +26%) were weak. Retail sales flat vs. FQ2's +19%. $146.6B in cash/investments and $17B in debt at quarter's end. iPhone revenue +15%, up from FQ2's +3%. But iPad -27% (+40% prior); Mac -1% (+7% prior). 4.6M iPods sold, revenue -31% Y/Y. iTunes/software/services +25% to $4B, Accessories -4% to $1.2B. AAPL +4.6% AH. (PR[View news story]
    CNBC is a joke and should only be used for entertainment purposes ONLY.
    Jul 23 09:34 PM | Likes Like |Link to Comment
  • More on Apple: FQ3 gross margin was 36.9%, -590 bps Y/Y but above guidance midpoint of 36.5%. GM of 36%-37% expected in FQ4. Americas and Japan were strong spots: exc. retail, sales rose 12% and 27% Y/Y, up from FQ2's +7% and +19%. Europe (-8% vs. +11%), China (-14% vs. +8%), and rest of Asia-Pac (-18% vs. +26%) were weak. Retail sales flat vs. FQ2's +19%. $146.6B in cash/investments and $17B in debt at quarter's end. iPhone revenue +15%, up from FQ2's +3%. But iPad -27% (+40% prior); Mac -1% (+7% prior). 4.6M iPods sold, revenue -31% Y/Y. iTunes/software/services +25% to $4B, Accessories -4% to $1.2B. AAPL +4.6% AH. (PR[View news story]
    Yes & No.

    I'm anxiously awaiting upgrading my iPad 2. Not looking to get the current iPad 4 Retina because i know the iPad 5 is right around the corner. Huge difference from non-retina to retina. My iPad 2 works wonderfully, but text is so clear on that retina iPad.

    And I don't mind hanging onto the iPad 2 because chances are I could still get about $200 on craigslist for it or donate it to a family member when it's time to upgrade.

    Anyway, I'm sure a lot of people are in the same boat I am with their upgrade cycle. It's really just money in the queue for Apple...
    Jul 23 09:32 PM | Likes Like |Link to Comment
  • More on Apple: FQ3 gross margin was 36.9%, -590 bps Y/Y but above guidance midpoint of 36.5%. GM of 36%-37% expected in FQ4. Americas and Japan were strong spots: exc. retail, sales rose 12% and 27% Y/Y, up from FQ2's +7% and +19%. Europe (-8% vs. +11%), China (-14% vs. +8%), and rest of Asia-Pac (-18% vs. +26%) were weak. Retail sales flat vs. FQ2's +19%. $146.6B in cash/investments and $17B in debt at quarter's end. iPhone revenue +15%, up from FQ2's +3%. But iPad -27% (+40% prior); Mac -1% (+7% prior). 4.6M iPods sold, revenue -31% Y/Y. iTunes/software/services +25% to $4B, Accessories -4% to $1.2B. AAPL +4.6% AH. (PR[View news story]
    lol +1 for Fast Money!
    Jul 23 09:26 PM | Likes Like |Link to Comment
  • A little more on Apple: FQ3 iPhone ASP was $582, down from FQ2's $613 and FQ1's $641 (mix shift towards 4/4S, maybe also promotions). iPad ASP was $437, down from FQ2's $449 and FQ1's $467 (shift towards Mini). Mac ASP of $1,303, down from FQ2's $1,378 and FQ1's $1,359. SG&A spend +4% Y/Y to $2.65B, R&D +34% to $1.18B. FQ4 opex expected to total $3.9B-$3.95B, up from FQ3's $3.82B. iPhone 51% of revenue (and bigger % of gross profit), iPad 18%, Mac 14%, iTunes/software/services 11%. AAPL +5.1% AH. CC starting (webcast, live blog). [View news story]
    I'd venture to guess that without a recent iPhone or iPad upgrade you are going to get an uptrend in cheaper buyers.

    People are waiting with money in hand to lay down their cash on updated iPhones, iPads and MacBook Pros.

    I know I am personally looking to upgrade my iPad 2 and possibly iPhone 5 and Early 2011 MacBook Pro.
    Jul 23 09:23 PM | 2 Likes Like |Link to Comment
  • FQ3 iPad units would've been down only 3% Y/Y rather than 14% if not for channel inventory shifts, CFO Peter Oppenheimer states on Apple's (AAPL) CC. But that figure still implies share loss, given industry growth. iPad and iPhone channel inventories fell by 700K and 600K Q/Q. iPhone sales rose 51% Y/Y in the U.S., 66% in Japan, and 400%+ (off a low base) in India, even as they fell elsewhere. $106B of Apple's cash is offshore. $4B spent to repurchase 9M shares in FQ3, but more shares retired (hence the $16B repurchase figure). Share count lowered by 22M Q/Q. Greater China iPhone sell-through -4% Y/Y; Mainland China +5%, Hong Kong -20%. DRAM pricing is pressuring margins; NAND flash prices are stable, and LCD prices have fallen. App Store revenue was $2.4B. Shares +3.5% AH. (more on Apple) (live blogs: I, II[View news story]
    That's correct.
    Jul 23 09:19 PM | Likes Like |Link to Comment
  • Apple (AAPL) roundup: 1) Russia's top 3 carriers - MTS (MBT), VimpelCom (VIP), and Megafon - have decided to stop carrying the iPhone, citing Apple's purchase, subsidy, and marketing requirements. MTS and VimpelCom have 300M+ subs between them in various emerging markets. 2) Fingerprint sensor and LCD driver chip yield issues will lead ~3M iPhone 5S units to be delayed from calendar Q3 to Q4, Digitimes reports. 3) Frost & Sullivan estimates Apple TV had a 56.1% share of the 2012 IP streaming device market. 4) Evercore observes rumored M&A target PrimeSense has developed tech that's applicable to gaming and smart TV controllers, as well as a sensor chip for notebooks/tablets. (iOS 7/game controllers: I, II[View news story]
    @Michael Blair - One more thing. The demand for the iPhone won't disappear overnight.

    New distribution markets will be created in order to satisfy that demand.
    Jul 17 09:32 AM | Likes Like |Link to Comment
  • Apple (AAPL) roundup: 1) Russia's top 3 carriers - MTS (MBT), VimpelCom (VIP), and Megafon - have decided to stop carrying the iPhone, citing Apple's purchase, subsidy, and marketing requirements. MTS and VimpelCom have 300M+ subs between them in various emerging markets. 2) Fingerprint sensor and LCD driver chip yield issues will lead ~3M iPhone 5S units to be delayed from calendar Q3 to Q4, Digitimes reports. 3) Frost & Sullivan estimates Apple TV had a 56.1% share of the 2012 IP streaming device market. 4) Evercore observes rumored M&A target PrimeSense has developed tech that's applicable to gaming and smart TV controllers, as well as a sensor chip for notebooks/tablets. (iOS 7/game controllers: I, II[View news story]
    @Michael Blair - Just because carriers don't supply their customers with the ability to purchase iPhones doesn't mean that those customers won't find other means of obtaining them.

    Look at China Mobile, Mike. They have yet to strike a deal with Apple, and yet there are _millions_ of iPhones on their network.

    I don't know how Russian carrier contracts work with their customers, but I'd imagine unlocked iPhones running around creates a very unstable environment for those carriers. Why? Because unlocked iPhone owners can switch carriers on a whim.

    Remember, a carrier is only a commodity, so it would make sense that all of them or none of them would drop the iPhone in order to stay competitive with each other.

    Looks like rough competition over in Russia. And these carriers might be digging themselves a future grave by increasing unlocked iPhones throughout their country.
    Jul 17 09:28 AM | Likes Like |Link to Comment
  • The Bear Case And The Bull Case For Apple: Which Is More Convincing? [View article]
    People don't care, Samuel. They just want to make up their own observances and believe them.
    Jul 16 06:58 PM | Likes Like |Link to Comment
  • Apple (AAPL) roundup: 1) Russia's top 3 carriers - MTS (MBT), VimpelCom (VIP), and Megafon - have decided to stop carrying the iPhone, citing Apple's purchase, subsidy, and marketing requirements. MTS and VimpelCom have 300M+ subs between them in various emerging markets. 2) Fingerprint sensor and LCD driver chip yield issues will lead ~3M iPhone 5S units to be delayed from calendar Q3 to Q4, Digitimes reports. 3) Frost & Sullivan estimates Apple TV had a 56.1% share of the 2012 IP streaming device market. 4) Evercore observes rumored M&A target PrimeSense has developed tech that's applicable to gaming and smart TV controllers, as well as a sensor chip for notebooks/tablets. (iOS 7/game controllers: I, II[View news story]
    My guess is that the iPhone will become even more desired now that they've made it difficult to obtain.

    Make a great product that's rare and people will go nuts looking for it and in-turn pay ridiculous prices to obtain it.
    Jul 16 06:56 PM | 11 Likes Like |Link to Comment
  • The Bear Case And The Bull Case For Apple: Which Is More Convincing? [View article]
    "I just collect more shares of AAPL with the dividend every quarter. What a fickle auction does on a monthly basis doesn't affect me."

    Right on, Brother! Right on!

    Mr. Market doesn't know his bum from his elbow right now when it comes to valuing AAPL. Good of you (and me) to take advantage of him.
    Jul 15 02:09 PM | 1 Like Like |Link to Comment
  • The Bear Case And The Bull Case For Apple: Which Is More Convincing? [View article]
    @Julian Cox - we get it. You don't like AAPL stock.

    I stopped reading your nonsense posts a long time ago and now they are just getting annoying to have to scroll so much to avoid them.
    Jul 15 01:17 PM | 4 Likes Like |Link to Comment
  • Apple Third Quarter Earnings May Put You To Sleep [View article]
    @Jakarta Expat -

    "The case remains under investigation, with Chinese officials yet to provide details on whether her smartphone, the charger, or something else killed the woman. The China Consumers’ Association in May warned about the dangers of a "flood" of uncertified power chargers on the market (in Chinese). In the release the association warned the chargers could turn a smartphone into a “pocket grenade” and cause explosions, electric shock, or fires in a variety of electronic devices."
    Jul 15 10:50 AM | Likes Like |Link to Comment
  • Apple Third Quarter Earnings May Put You To Sleep [View article]
    @Jakarta Expat -

    She was coming out of her bathtub when she grabbed her iPhone.

    "The case remains under investigation, with Chinese officials yet to provide details on whether her smartphone, the charger, or something else killed the woman. The China Consumers’ Association in May warned about the dangers of a "flood" of uncertified power chargers on the market (in Chinese). In the release the association warned the chargers could turn a smartphone into a “pocket grenade” and cause explosions, electric shock, or fires in a variety of electronic devices."
    Jul 15 10:49 AM | Likes Like |Link to Comment
  • The Bear Case And The Bull Case For Apple: Which Is More Convincing? [View article]
    "It seems though that they have peaked regarding innovation."

    How do people automatically come to this conclusion?

    New product categories from Apple don't happen overnight.

    Great products take time...
    Jul 15 10:27 AM | 12 Likes Like |Link to Comment
  • Apple Third Quarter Earnings May Put You To Sleep [View article]
    She was coming out of a bathtub when she grabbed her charging iPhone. Way to leave that one important detail out...
    Jul 15 10:20 AM | 1 Like Like |Link to Comment
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