Seeking Alpha

More on Apple: FQ3 gross margin was 36.9%, -590 bps Y/Y but above guidance midpoint of 36.5%. GM...

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)
From other sites
Comments (26)
  • wigit5
    , contributor
    Comments (4119) | Send Message
     
    iTunes is such cow... do they sell movies on it yet?
    23 Jul 2013, 04:48 PM Reply Like
  • MrAllister
    , contributor
    Comments (114) | Send Message
     
    What do you mean? Apple has been selling movies on iTunes for years!
    23 Jul 2013, 04:54 PM Reply Like
  • gensearch2
    , contributor
    Comments (1467) | Send Message
     
    @wigit5,

     

    I think you could get a guest spot on Fast Money.
    23 Jul 2013, 05:51 PM Reply Like
  • Keep It Simple
    , contributor
    Comments (471) | Send Message
     
    lol +1 for Fast Money!
    23 Jul 2013, 09:26 PM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
     
    It's pretty clear people are happy enough with their old ipads.
    23 Jul 2013, 04:53 PM Reply Like
  • Stephen J Melnykevich
    , contributor
    Comments (1259) | Send Message
     
    There are cycles, and your statement while meant to be negative is actually a positive. Unlike other devices that do not have longevity AAPL has products that do what they are supposed to.
    23 Jul 2013, 04:58 PM Reply Like
  • Keep It Simple
    , contributor
    Comments (471) | Send Message
     
    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...
    23 Jul 2013, 09:32 PM Reply Like
  • ladubs111
    , contributor
    Comments (49) | Send Message
     
    I'm just not a fan of the incremental upgrades. I don't really see a pull to buy the new ones, especially when i knew every 6 months a new ipad might come out. So its the push and pull. Buy Ipad now because i know the next ones likely not going to be a huge upgrade, but also if im going to throw down 500-600 bux why not wait a bit more.
    23 Jul 2013, 10:22 PM Reply Like
  • Keep It Simple
    , contributor
    Comments (471) | Send Message
     
    A more realistic upgrade is once every 2 years or so on Apple products.
    25 Jul 2013, 01:25 AM Reply Like
  • bgold1955
    , contributor
    Comments (2095) | Send Message
     
    iPad - This qtr = back to school & car iPad buildout, next qtr = holidays. Numbers will improve as corps, students, and consumers start buying new and discounted iPads.
    23 Jul 2013, 04:59 PM Reply Like
  • Tvaddic
    , contributor
    Comments (250) | Send Message
     
    PC sales are slowing because of tablets, tablet sales are slowing because they is no need to upgrade every year, there are iPad 2s and 3s in our house that are still functional.
    23 Jul 2013, 05:05 PM Reply Like
  • scott trader
    , contributor
    Comments (4895) | Send Message
     
    iPad numbers did surprise me to the downside with sinking PC sales I believed iPads to be the culprit....side note watching fast money Melissa Lee rolling her eyes as usual per aapl good news...
    23 Jul 2013, 05:22 PM Reply Like
  • gensearch2
    , contributor
    Comments (1467) | Send Message
     
    Rumor is that Lee has "Property of Samsung" tattooed on her butt. I think that's apocryphal.
    23 Jul 2013, 05:32 PM Reply Like
  • jrez
    , contributor
    Comments (304) | Send Message
     
    I'd like to find out for sure. :D

     

    So funny seeing her trying to slam AAPL with the analyst, though. He was having none of it, knows it's going up.
    23 Jul 2013, 06:00 PM Reply Like
  • Keep It Simple
    , contributor
    Comments (471) | Send Message
     
    CNBC is a joke and should only be used for entertainment purposes ONLY.
    23 Jul 2013, 09:34 PM Reply Like
  • jgren
    , contributor
    Comments (14) | Send Message
     
    ipad gen 1 still working just fine
    23 Jul 2013, 05:13 PM Reply Like
  • milehr
    , contributor
    Comments (499) | Send Message
     
    ... but is getting heavier.
    23 Jul 2013, 05:23 PM Reply Like
  • shakazoid
    , contributor
    Comments (182) | Send Message
     
    My Rolodex is still working fine.
    23 Jul 2013, 05:16 PM Reply Like
  • wbjudge
    , contributor
    Comments (73) | Send Message
     
    I like my iPad. I just worry about using up the battery to the point it won't recharge but so far that has not happened. Lasts all day.
    23 Jul 2013, 05:26 PM Reply Like
  • MarketingMaven
    , contributor
    Comments (97) | Send Message
     
    You'll buy a new one - or pay $130 for them to replace the battery.

     

    Or buy an OEM replacement kit on ebay for less than $50, with tools, and DIY
    23 Jul 2013, 06:25 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3810) | Send Message
     
    Maybe they should make them with batteries that are easily replaced by the user... Kind of like their proprietary cords - why do that? Nickel-and-diming comes to mind...
    23 Jul 2013, 06:57 PM Reply Like
  • MarketingMaven
    , contributor
    Comments (97) | Send Message
     
    There were some interesting trades I saw AA ***well*** before the announced results - like 3300 share at 4:09 EDT, several well over 1000 shares - all at 418 or less.
    23 Jul 2013, 06:21 PM Reply Like
  • stevereid
    , contributor
    Comments (31) | Send Message
     
    Goog and MSFT both missed when they reported last week, AAPL exceeded the street consensus. This speaks to brand loyalty and a strong business even when no new products (or incremental improvements) were made during the quarter. It also indicates that AAPL is holding its own against the competition, and much of the competition is not.
    Keep the faith. When AAPL does come out with the new product innovations that they are working on the stock will respond.
    23 Jul 2013, 06:27 PM Reply Like
  • SA_Member_8998191
    , contributor
    Comments (163) | Send Message
     
    Stagnation and death follows in any industry when you are priced for explosive growth yet produce no innovation and rely on Steve Jobs' developed cash cows
    23 Jul 2013, 07:08 PM Reply Like
  • Keep It Simple
    , contributor
    Comments (471) | Send Message
     
    Oh boy, here we go... It's a bit tougher for Apple. Why? Because Apple has to INVENT (READ: not copy) products.
    23 Jul 2013, 09:39 PM Reply Like
  • dmarilley
    , contributor
    Comments (615) | Send Message
     
    This is about what I projected a year ago. Abandon aapl for jnj was the word then. It will get much worse, no question.
    24 Jul 2013, 12:02 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector