Seeking Alpha

Apple (AAPL): FQ3 EPS of $7.47 beats by $0.15. Revenue of $35.3B (+1% Y/Y) beats by $300M. 31.2M...

Apple (AAPL): FQ3 EPS of $7.47 beats by $0.15. Revenue of $35.3B (+1% Y/Y) beats by $300M. 31.2M iPhones (above estimates), 14.6M iPads (below estimates), 3.8M Macs. Expects FQ4 revenue of $34B-$37B, below $37.1B consensus. Shares +3.2% AH. CC at 5PM ET (webcast). (PR)
From other sites
Comments (42)
  • LYogi
    , contributor
    Comments (2304) | Send Message
     
    Enjoy it while you still can
    23 Jul 2013, 04:35 PM Reply Like
  • bgold1955
    , contributor
    Comments (2147) | Send Message
     
    Give it up. 31.2m iPhones, no wonder all other vendors have soft sales.
    23 Jul 2013, 04:41 PM Reply Like
  • bdy
    , contributor
    Comments (153) | Send Message
     
    yeah as soon as Tim starts talking the stock will tank lol
    23 Jul 2013, 04:37 PM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
     
    You got that right. He should just be quiet and pick his nose for one hour. Something as novel as Tim picking his boogers could boost the stock to $500 overnight.
    23 Jul 2013, 04:43 PM Reply Like
  • lpcongas99
    , contributor
    Comments (129) | Send Message
     
    ROFLMAO, i needed that. thank you
    23 Jul 2013, 09:00 PM Reply Like
  • Piptief
    , contributor
    Comments (493) | Send Message
     
    another quarter, another record...but alas..the stock is sure to fall on the conference call..lol
    23 Jul 2013, 04:40 PM Reply Like
  • SA_Member_8998191
    , contributor
    Comments (163) | Send Message
     
    Numbers show stagnation and AAPL will drop to cash level/share price, THEN scoop up companies desperately to rekindle the previous sentiment

     

    YET they will not give a proper shareholder dividend

     

    http://bit.ly/1c0Adh0

     

    Chart shows AAPL in decline with institutional investors dumping shares as well as retail, with a breakdown to the bottom possible according to indicators. the AH move of 10$ might give a little breathing room but if she closes below 420 it will start to get ugly very fast soon so I tell anyone in the money at all to maybe go to options on this dog until we see a clear gameplan from the rather inept management currently running AAPL
    23 Jul 2013, 04:41 PM Reply Like
  • bgold1955
    , contributor
    Comments (2147) | Send Message
     
    What is your definition of a proper dividend. 3% not enough?
    23 Jul 2013, 05:14 PM Reply Like
  • SA_Member_8998191
    , contributor
    Comments (163) | Send Message
     
    5% yield@ 600 [an oft-cited level of 'fair value' by AAPL longs] would give the shareholders a semblance that the company actually believes it can continue at that pricing. They seem to believe AAPL is a fair value ~400-300s and are content to keep it as such.

     

    The management has avoided giving shareholders part of the fruits of their investment and Steve Jobs' products; all while lining their pockets and stuffing the ever-growing offshore vaults. If they invest and innovate AAPL will be the same we've seen the last 5 years, otherwise it will go the way of BBRY. Step one is rebuilding true shareholder sentiment with a proper, or even special, dividend which I know they can afford.

     

    There are many things AAPL management/Cook is doing wrong and that is shown by the flatlining growth which is a death sentence for a growth-priced stock
    23 Jul 2013, 09:36 PM Reply Like
  • Jack Baker
    , contributor
    Comments (918) | Send Message
     
    Could I please get the phone number of your dealer?
    23 Jul 2013, 09:37 PM Reply Like
  • flux8
    , contributor
    Comments (589) | Send Message
     
    The numbers speak for themselves. Reports of the death of the iPhone have been greatly exaggerated...
    23 Jul 2013, 04:41 PM Reply Like
  • SA_Member_8998191
    , contributor
    Comments (163) | Send Message
     
    Yet reports of stagnation in cash flow were absolutely right as AAPL no longer grows and innovates, they milk their current cows created and nurtured by a real leader, Steve Jobs, and that leads to stagnation irrelevance and eventual death in any industry
    23 Jul 2013, 07:08 PM Reply Like
  • flux8
    , contributor
    Comments (589) | Send Message
     
    1) Define "innovation".

     

    2) If you mean products like the iPod, iPhone, and iPad, then tell me how much time passed between each of those product releases.

     

    3) What was the stock price and EPS of Apple at the time of Steve Jobs' death?

     

    4) "stagnation irrelevance and eventual death". So you simply ignored the earnings report?
    23 Jul 2013, 09:25 PM Reply Like
  • gg117
    , contributor
    Comments (76) | Send Message
     
    guidance is pretty weak..
    23 Jul 2013, 04:44 PM Reply Like
  • bertmj
    , contributor
    Comment (1) | Send Message
     
    their guidance is always weak...
    23 Jul 2013, 07:08 PM Reply Like
  • financeminister
    , contributor
    Comments (844) | Send Message
     
    Well, I think I'll enjoy this bounce while it lasts...will sell half my position at 450. If AAPL has any long term growth potential (keyword "growth"), then the other half should do the job.
    23 Jul 2013, 04:45 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Even though Rev guide down is bearish, stock action (up as of this note) suggests too many shorts for now.
    23 Jul 2013, 04:46 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (1989) | Send Message
     
    Have to wait and see tomorrow, but if it rallies strongly on this report I agree. It should be about $550-$600 even if it was very conservatively valued imho.
    23 Jul 2013, 05:01 PM Reply Like
  • tuliptown
    , contributor
    Comments (963) | Send Message
     
    they purchased 16B of stock last quarter. In one quarter they purchased around 4 to 5 percent of the outstanding shares. That is significant in many ways - illuminating how bad the quarter would have been EPS wise without that purchase, but also confirming their intent and committment to buyback shares. With that kind of floor and the low valuation, I expect it to trade up to 450 ish immediately and rally in the fall after the next product launches are announced.

     

    a happy long
    23 Jul 2013, 04:54 PM Reply Like
  • SA_Member_8998191
    , contributor
    Comments (163) | Send Message
     
    35 million shares purchased had no effect on the PPS as shown by the charts in solid downward trend with lower lows and lower highs
    23 Jul 2013, 09:35 PM Reply Like
  • Doremi
    , contributor
    Comments (11) | Send Message
     
    All the BIG Money will be getting out tonight on the backs of those Mutual Fund Managers that have no clue as to the decline coming!
    23 Jul 2013, 05:02 PM Reply Like
  • u01bsb0
    , contributor
    Comments (658) | Send Message
     
    hopefully this helps the turn around in the dormant stock
    23 Jul 2013, 05:02 PM Reply Like
  • bgold1955
    , contributor
    Comments (2147) | Send Message
     
    When a company generates 10% more revs than T and 11x the profit, while one has a 10 p/e and the other high 20's, something is wrong but should be corrected soon.
    23 Jul 2013, 05:09 PM Reply Like
  • milehr
    , contributor
    Comments (510) | Send Message
     
    Apple haters seek solace in their own remarks.
    23 Jul 2013, 05:25 PM Reply Like
  • SA_Member_8998191
    , contributor
    Comments (163) | Send Message
     
    Flatlining growth equals death for growth priced stock
    23 Jul 2013, 09:35 PM Reply Like
  • u01bsb0
    , contributor
    Comments (658) | Send Message
     
    so far so good even with tim speaking..+4.5% a/h
    23 Jul 2013, 05:27 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (908) | Send Message
     
    Apple trades at something like 6x forward earnings even with the slightly reduced guidance. The market as a whole trades at about 14x. If that makes sense and you still expect Apple to go lower from here, then you should absolutely sell and be done with it. However, if you think that is completely ridiculous then you should stay long AAPL.

     

    And for those of you out there who seem to take a some kind of odd perverse pleasure in screaming out the impending doom of Apple, my personal opinion is that you should get a life and find something better to occupy your dull lives. Apple isn't going anywhere. It's a money making vehicle to me and like every other stock I own, I believe there is value there. I'm staying long.
    23 Jul 2013, 05:57 PM Reply Like
  • financeminister
    , contributor
    Comments (844) | Send Message
     
    Other Money making vehicles: MSFT, EMC, CSCO....
    23 Jul 2013, 06:02 PM Reply Like
  • flux8
    , contributor
    Comments (589) | Send Message
     
    Agree, I don't understand how people are so emotionally invested in the downfall of a company. You'd think Apple products gave them cancer.
    23 Jul 2013, 06:02 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (908) | Send Message
     
    In the 90's when Microsoft was kicking it, everyone hated Microsoft and loved Apple. Now Apple is top dog and everyone hates it. It's a very weird part of human nature. People have some odd love of seeing other people miserable, I guess? It's like the Nelson Muntz character on The Simpsons... HAHA!

     

    "They will never forget you till somebody new comes along" --- "New Kid In Town" by the Eagles
    23 Jul 2013, 06:11 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3883) | Send Message
     
    The arrogance (for lack of a better word) of the Apple faithful during it's meteoric rise to 700+ may have created some animosity towards them. Similar to gold when it was on the upswing.

     

    People's heads got big, they talked smack, etc., etc... I'll even admit to smiling quietly to myself when both Apple and gold crashed.

     

    Human nature, I guess. Smugness is an unattractive quality in a person.
    23 Jul 2013, 06:54 PM Reply Like
  • Samuel Gross
    , contributor
    Comments (8) | Send Message
     
    So is schadenfreude.
    23 Jul 2013, 08:49 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3883) | Send Message
     
    That's why I Schadenfreude quietly. ;)
    23 Jul 2013, 09:51 PM Reply Like
  • positivethoughts
    , contributor
    Comments (1962) | Send Message
     
    If Apple bought blackberry, they could get all the service revenue that blackberry currently gets, just more of it.
    23 Jul 2013, 07:00 PM Reply Like
  • Mark Krieger
    , contributor
    Comments (4152) | Send Message
     
    aapl always guides light. This sandbagging enables them to under promise in order to over deliver.
    23 Jul 2013, 09:32 PM Reply Like
  • gbozarth
    , contributor
    Comment (1) | Send Message
     
    If these comments so far are any indication, confidence—and we hope prices— is inching up. But a product breakthrough is what is really needed.
    23 Jul 2013, 09:34 PM Reply Like
  • Len613
    , contributor
    Comments (21) | Send Message
     
    For three quarters AAPL went down while NASDAQ went up. In anticipation of product births and improved fundamentals going forward expect AAPL to go up while the market retraces.
    23 Jul 2013, 09:37 PM Reply Like
  • financeminister
    , contributor
    Comments (844) | Send Message
     
    Correlation does not imply causation and therefore is no guarantee for predictability. Apple fundamentals have always been strong. Wallstreet's growth sentiment was negative. If wallstreet sentiment goes up, we can probably see some upside.
    23 Jul 2013, 10:08 PM Reply Like
  • Len613
    , contributor
    Comments (21) | Send Message
     
    My forecasts were independent; up for Apple and down for the market.
    30 Jul 2013, 06:33 PM Reply Like
  • Efrain Rojas
    , contributor
    Comments (203) | Send Message
     
    Product prediction:

     

    Apple iWatch will redefine healthcare. Look for an innovative biometric focus.

     

    24-7 health monitoring. Pulse and pressure will be the least of it's capabilities. It will monitor for markers of early onset cancer as well.

     

    Indispensable health tool of the century. You heard it here first.
    23 Jul 2013, 11:43 PM Reply Like
  • Ionas piscis
    , contributor
    Comments (5) | Send Message
     
    Apple has reached a size and level of maturity where expectations from the market are extremely high. This high level of market expectations translates into an environment of continuous disappointment in Quarterly results (even when they are good.)

     

    It is hoped this high level of negative sentiment in the market does not distract the company from continuing to develop its many good products and services and from looking after its loyal following of customers. Currently I see nothing in the Quarterly results to indicate Apple is about to collapse, in fact the opposite is true, it has every opportunity to grow its revenue and increase its product line.

     

    This probably means thinking of differentiation of products to meet different customer requirements i.e. in the developing markets where many people have low incomes but want mobile internet services and entertainment an innovative, cheaper less sophisticated product could be successful. At the same time there are growing numbers of people with more wealth to buy existing products and new products to launch.

     

    I should buy some more stock.
    24 Jul 2013, 05:06 AM Reply Like
  • mc2406
    , contributor
    Comments (682) | Send Message
     
    Most of the above discussion about AAPL sounds the same as the usual comments surrounding gold as an investment. 90% emotion and 10% fact.
    24 Jul 2013, 08:34 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs