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Apple (AAPL): FQ2 EPS of $12.30 beats by $2.24. Revenue of $39.2B (+59% Y/Y) beats by $2.4B....

Apple (AAPL): FQ2 EPS of $12.30 beats by $2.24. Revenue of $39.2B (+59% Y/Y) beats by $2.4B. 35.1M iPhones sold, 11.8M iPads. Shares +4.4% AH. (PR)

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Comments (57)
  • mimailmula
    , contributor
    Comments (44) | Send Message
     
    niceeeee, death to the shorts! i want to see blood in the streets
    24 Apr 2012, 04:35 PM Reply Like
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    How the hell do you miss $2 on earnings? 2 cents I could understand. Jesus.
    24 Apr 2012, 04:35 PM Reply Like
  • NickBurnin8
    , contributor
    Comments (22) | Send Message
     
    This happens nearly every time AAPL reports. It's starting to get comical.
    24 Apr 2012, 04:52 PM Reply Like
  • VictorHAustin
    , contributor
    Comments (827) | Send Message
     
    An analyst "estimate" is a guarantee to clients, and as such, it is the largest amount that the firm is willing to promise.

     

    Independent estimates were more in line, although those who stubbornly stuck with Windows machines to the last were less likely to admit the actual extent of the growth.

     

    Q. Why would you buy an Android instead of the iPhone?
    A. It's just as good.

     

    So that's not a reason, that's a rationalization. I press people over and over to understand their reasoning, as I did when they spend hard earned money on a new computer without even looking at a Mac, and eventually they get mad at me and clam up. But there is no reason -- there is only some sort of psychological "set" that makes the premature conclusion that it would be "better" not to buy the Apple product if possible.

     

    Some no doubt bristle, as I do, at a thing that everyone "has to have."

     

    Some have been brought up to be modest, and buying the best and more expensive thing is "uppity" and "spendthrift" if there is an economy model that will do "just as well." Even if it's not actually less expensive. A Chevy is the same car made in the same plant as a Cadillac, my Mom always said. The analogy doesn't completely hold because the Caddy was actually tricked out with more stuff and cost more, but that's the idea.

     

    There is whole new generation that was not raised by people who had to be frugal in a middle stripe of the class layers now. It's different.

     

    Those are a couple of speculations, but in the end, I remain well and truly mystified.

     

    And analysts are no more exempt from ordinary human behaviour than anyone else, so it might seem presumptuous or boastful to anticipate earnings out of line with one's peers. And Lord Forbid you should ever be the high estimate and have Apple fall below that figure, because you would clearly be labelled an Apple Fanboy.
    24 Apr 2012, 04:53 PM Reply Like
  • Regnes
    , contributor
    Comments (8) | Send Message
     
    I feel your pain. I think one of the reasons people continue buying cheap PCs and complaining about the problems they have running it is that they have already invested a lot of time and money to learn and maintain a Wintel machine. To switch to a Mac would be a tacit admission that they wasted their time. Lots and lots of time.

     

    Saving time in one of the fundamental reasons to buy Apple products. As I get older and realize that I have more yesterdays than tomorrows, my time becomes more precious to me, and therefore worth more money. Will I spend a few hundred dollars more to save myself, say, a week over the next several years? You betcha!

     

    Another factor the analysts fail to appreciate is cool. With quality comes status, with status, respect. Owning quality suggests that you can tell the difference between a well-made product and a piece of junk. What teenager will show up with a lameass Zune or Droid phone? "But my dad saved a lot when he got me this!" Fail. The entire population of China understands this concept, but a lot of MBAs don't.

     

    And finally, metrics. They confuse market share with operating systems. Android is a free OS; iPhone is the hardware and iOS. Not the same. That's like trying to compare Google with NORAD.
    24 Apr 2012, 05:58 PM Reply Like
  • ipaduser
    , contributor
    Comments (711) | Send Message
     
    Good points. My parents grew up saving newspapers and string.
    When we were cleaning up after he passed we found a number of half sticks of gum. Turned out after one of the price increases he cut down to half a stick! He wasn't a hoarder, just frugal.
    25 Apr 2012, 10:39 AM Reply Like
  • AutoRegressive
    , contributor
    Comments (193) | Send Message
     
    Happy dance!
    24 Apr 2012, 04:35 PM Reply Like
  • mostserene1
    , contributor
    Comments (3358) | Send Message
     
    How do I say, "I told you so." Take that, Bears.

     

    Long Apple and was buying all week. Yipeeee!
    24 Apr 2012, 04:45 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (991) | Send Message
     
    #mostserene1... I was with you on that call all week myself. I'm just upset you beat me to saying "I told you so".

     

    This stock easily goes to $750 by year end. Higher is not out of the question. Once the new iPhone and iTv hit the stores, this stock breaks $1000.

     

    To all the Apple Bears out there, you need to be asking yourself this question in an honest fashion... how can you NOT own this stock?
    24 Apr 2012, 04:49 PM Reply Like
  • ATG1977
    , contributor
    Comments (159) | Send Message
     
    Indeed - I have to admit I was nervous with all the bad noise so so glad it ended good
    24 Apr 2012, 07:57 PM Reply Like
  • Rhianni32
    , contributor
    Comments (2078) | Send Message
     
    People have told me I should have bailed on AAPL stock as its dead.
    When people stop camping overnight for the release of the third version of the same product and stop selling their body parts for the company products is when I will consider selling.
    24 Apr 2012, 04:37 PM Reply Like
  • mostserene1
    , contributor
    Comments (3358) | Send Message
     
    You are so right. Funny how people get nervous and sell as Apple dips, when they should have been buying. Even SA members are not immune to "I'm scared so Buy High, Sell Low."

     

    Long Apple and bought some each of the last five days. One falling knife I was happy to catch.

     

    Whether Apple will eventually run out of Jobs' ideas or attention to detail, who knows, but it should be good for a couple of years before it becomes a conventional big company.
    24 Apr 2012, 04:49 PM Reply Like
  • NickBurnin8
    , contributor
    Comments (22) | Send Message
     
    I wouldn't ever sell my body parts for AAPL products, but I'd give up a kidney for 500 shares of AAPL right about now.
    24 Apr 2012, 04:54 PM Reply Like
  • dab3z
    , contributor
    Comments (312) | Send Message
     
    HYFR. Trust the fundamentals. Screw the FUD. Cheers to the bulls.
    24 Apr 2012, 04:43 PM Reply Like
  • GalXZ
    , contributor
    Comments (57) | Send Message
     
    Oh, Yes!
    24 Apr 2012, 04:43 PM Reply Like
  • berniespear
    , contributor
    Comments (249) | Send Message
     
    Knew it would beat it once I saw AAPL dropping 100 points over the last couple weeks. Everyone is ALWAYS wrong about EVERYTHING.

     

    Do the opposite of the sheep.
    24 Apr 2012, 04:45 PM Reply Like
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    "do the opposite of the sheep"

     

    Short AAPL is what you are saying.
    24 Apr 2012, 04:47 PM Reply Like
  • johnofarizonaoregon
    , contributor
    Comments (279) | Send Message
     
    I think berniespear is referring to doing the opposite of the bearish sheep, not the bullish sheep.
    24 Apr 2012, 04:57 PM Reply Like
  • mimigloves
    , contributor
    Comments (10) | Send Message
     
    I can not find out how many were sold in China. Does anyone know?
    24 Apr 2012, 04:48 PM Reply Like
  • Skippalmer
    , contributor
    Comments (139) | Send Message
     
    OK---So let's ring up all those negative analysts on this site. I hope they're scrambling to cover their shorts, as they'll just bid up my long calls.

     

    This stock may be up over $40.00 tomorrow.

     

    Long AAPL
    24 Apr 2012, 04:49 PM Reply Like
  • mimailmula
    , contributor
    Comments (44) | Send Message
     
    P/E of 16 for a company that went from $6.40 per share Q2 last year to $12.30 this year... let the numbers talk
    24 Apr 2012, 04:51 PM Reply Like
  • ATG1977
    , contributor
    Comments (159) | Send Message
     
    Up 43 ah
    24 Apr 2012, 07:59 PM Reply Like
  • ThomasOrton
    , contributor
    Comments (257) | Send Message
     
    It's important now to list the bears who have been producing the apocalyptic scenarios on Seeking Alpha in the last weeks and make note of them and their empirical and logical errors. Not to say "I told you so" but to understand more clearly this phenomenon of Apple negativity. Don't let them slide out easily, or backtrack .I have one hypothesis: that Apple bashing Is a species of the class resentment that is so evident among people now. Hating the rich and successful is a national pastime now and Apple is just an example of a mega rich company that people love to hate. Not me, I'm going to trade my speculative positions tomorrow morning, go to the beach and take a limo to the Bruins game...
    24 Apr 2012, 04:50 PM Reply Like
  • Rhianni32
    , contributor
    Comments (2078) | Send Message
     
    Most of it was based on AAPL = Jobs. No more Jobs therefore no more AAPL.
    24 Apr 2012, 04:54 PM Reply Like
  • mnicoletti
    , contributor
    Comments (57) | Send Message
     
    I took a bunch of hits to protect my downside. I'd like to kick myself, but it was the right thing to do to make sure I could live to play another day if the bears were correct.
    24 Apr 2012, 04:51 PM Reply Like
  • ThomasOrton
    , contributor
    Comments (257) | Send Message
     
    Maybe a smart move, but on the other hand all readers need to be careful about the bears' arguments going forward. There were so many weak arguments, that it was not warranted to be spooked. There will come a day when the bears will have good arguments, but not for a long time. The most maddening thing, in my mind, is the treatment of Apple like it is already some kind of dinosaur, when in fact it is an agile, superior, cybernetic profit machine. Is quarter needs to be remembered and seared into consciousness because it was the best quarter ever and Apple is just revving up for the victories ahead.
    24 Apr 2012, 04:57 PM Reply Like
  • Aaron Ashcraft
    , contributor
    Comments (161) | Send Message
     
    Send some K-Y jelly to all the shorts and all the bears who have been forecasting a huge earnings miss, impossible to sell 35 million phones, new CEO is terrible, Jobs gone, company will fail etc etc etc. Happy I sold Jan 2013 $550 puts, yesterday-a big profit tomorrow!!!!!!
    24 Apr 2012, 04:52 PM Reply Like
  • tradermarc
    , contributor
    Comments (56) | Send Message
     
    I'd like to hear all of the Cook naysayers apologize. He's simply brilliant and way too under-appreciated by Jobs' cult. Hats off to you Tim!
    24 Apr 2012, 04:55 PM Reply Like
  • johnofarizonaoregon
    , contributor
    Comments (279) | Send Message
     
    Roasted bear steak for supper, anyone?
    24 Apr 2012, 04:55 PM Reply Like
  • viper32nc1
    , contributor
    Comments (95) | Send Message
     
    I can't wait to sell my 50 june calls tomorrow!
    24 Apr 2012, 04:56 PM Reply Like
  • viper32nc1
    , contributor
    Comments (95) | Send Message
     
    I can't wait to sell my June calls tomorrow!

     

    This is what I posted in facebook today before the close:

     

    Apple is reporting its Q2 earnings after the market closes today. Everybody is shorting and selling apple due to the fact that Verizon and ATT&T new subscribers for the Iphone wasn’t quite as high as last month but still not bad in my opinion.

     

    Right now APPLE (aapl) is down $15 and busted through the 50 MA because most believe apple will miss on tonites earnings. What they do not realize is Apple is an international company and what they loss in the USA can easily be compensated for in 22 other countries that Apple also does business in including China which has a 8% GDP for this year.

     

    People around the world will gladly stand in line for hours to get the latest Apple product.s. I think the majority is wrong and that is why I am long on APPLE with June Calls.

     

    and this is what I bought today

     

    Buy to Open Call
    20 Contracts of -AAPL120616C650
    Order Number:D24NVGFM
    Details Verified Canceled

     

    Buy to Open Call
    20 Contracts of -AAPL120616C650
    Order Number:D24NVJNF
    Details Filled at $6.70

     

    Buy to Open Call
    5 Contracts of -AAPL120616C650
    Order Number:D24NWXXK
    Details Filled at $6.00

     

    Buy to Open Call
    5 Contracts of -AAPL120616C650
    Order Number:D24NZBWP
    Details Filled at $6.00

     

    Buy to Open Call
    5 Contracts of -AAPL120616C650
    Order Number:D24NZSVT
    Details Filled at $5.85
    24 Apr 2012, 04:58 PM Reply Like
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    This is my first earnings release/call.

     

    Better than watching a cricket match.
    24 Apr 2012, 05:01 PM Reply Like
  • Gary Bushwacher
    , contributor
    Comments (544) | Send Message
     
    Two thoughts if I may . . .

     

    a) I'm surprised we didn't see a better rally at end of day, as the smart shorts got out.

     

    b) Jobs didn't have a monopoly on being smart and innovative; can we let him go please ?
    24 Apr 2012, 05:07 PM Reply Like
  • ThomasOrton
    , contributor
    Comments (257) | Send Message
     
    Yes, the Jobs argument is now officially dead. Jobs is dead, long live Apple. He made it possible but all is now possible even without him.
    24 Apr 2012, 05:14 PM Reply Like
  • Ted Bear
    , contributor
    Comments (630) | Send Message
     
    Just have to love the analysts...largest company in the world.....and probably followed by at least a thousand analysts....and they miss by 23%!!!!

     

    How hard is it to count windgets, and multiply by the price? You would think someone would have figured it out by now.

     

    The again, maybe not. Apparently.

     

    Run Forest. Run
    24 Apr 2012, 05:13 PM Reply Like
  • ATG1977
    , contributor
    Comments (159) | Send Message
     
    They're a bunch of haters -
    24 Apr 2012, 08:02 PM Reply Like
  • birdmaestro
    , contributor
    Comments (128) | Send Message
     
    No, it's just CYA.
    24 Apr 2012, 10:49 PM Reply Like
  • sameer976
    , contributor
    Comments (53) | Send Message
     
    why are they guiding so conservatively for next quarter? 34bn rev and earnings at below $10 .... is the summer seasonally slow for Apple?

     

    surely given these results they should be guiding 10% higher? is it because there wont be the chinese red envelope effect to help numbers beat by as much?

     

    i'm very impressed that Apple have sold one IPAD for every 3 Iphones,just looking around here in theh UK there must be at least 10 Iphones for every Ipad you see
    24 Apr 2012, 05:14 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (991) | Send Message
     
    Apple always guides very conservative. Frankly, their guidance has gotten so ridiculously low over the years as to become almost worthless as an investing criteria. The key metrics are P/E and current earnings per share. $50 billion in quarterly revenue in the July report is not out of the question.

     

    When you looking into the future and see the product stream that will occur in the 2nd half of the year as well as the release partnerships in emerging markets, you'll know what to do.

     

    Math never lies.
    24 Apr 2012, 05:24 PM Reply Like
  • Rhianni32
    , contributor
    Comments (2078) | Send Message
     
    because they always do that.
    24 Apr 2012, 05:53 PM Reply Like
  • emburns
    , contributor
    Comments (218) | Send Message
     
    I guess it's better to over deliver on "lowered" guidance than to deliver on standard guidance.

     

    This market is f*kd.
    25 Apr 2012, 03:59 PM Reply Like
  • CINDYVU
    , contributor
    Comments (85) | Send Message
     
    Bought 20 May 600 contracts at 2:59 pm. Still hold many many call options spread out from May- Jan 2013. I believed in apple fundamentals and it's brand name has had penetrated to oversea markets especially China as a status symbol of wealth and success. Will see if aapl get to $800 in Jan. Long AAPL.
    24 Apr 2012, 05:15 PM Reply Like
  • kumarbalalingiah
    , contributor
    Comments (17) | Send Message
     
    I am happy I am long apple. Bought some shares yesterday and never doubted that they would beat expectations today. Their produce quality products which people world over crave for. I am buying a Mac Book to replace my windows laptop.
    24 Apr 2012, 05:16 PM Reply Like
  • rkadari
    , contributor
    Comments (70) | Send Message
     
    Good day for someone who is long AAPL! Bought twice this week on dips!!
    24 Apr 2012, 05:19 PM Reply Like
  • surfnspy
    , contributor
    Comments (415) | Send Message
     
    I don't plan on getting rid of mine anytime soon nor is anyone else I know. Up $40.00/sh after hours back to $600. Tomorrow at opening should be neat-o.
    24 Apr 2012, 05:20 PM Reply Like
  • bill d
    , contributor
    Comments (1906) | Send Message
     
    Talk about market manipulation.
    24 Apr 2012, 05:52 PM Reply Like
  • berniespear
    , contributor
    Comments (249) | Send Message
     
    So funny about these comments. Almost word for word from last several earnings. Everyone always says, when appl goes down, that is when you BUY.

     

    But yeah, really surprised there wasn't more upside at the end of the day going into earnings. Guess people still can't pull the buy trigger when they keep hearing all the bad news.
    24 Apr 2012, 06:03 PM Reply Like
  • ATG1977
    , contributor
    Comments (159) | Send Message
     
    Too many people spewing negativity
    24 Apr 2012, 08:03 PM Reply Like
  • djoeyb54
    , contributor
    Comments (18) | Send Message
     
    the shorts are being killed. great!!!!!! so munch for the fast money
    guys on cnbc and the sky is falling about apple .let see how they put the spin on this after a week and half of doom!!!!!
    24 Apr 2012, 06:32 PM Reply Like
  • CAIKEN1
    , contributor
    Comments (68) | Send Message
     
    So true! Just to bolster my confidence last night, I called Best Buy to see if I cold by an i-phone, nope, "can't keep 'em on the shelf" he said.
    24 Apr 2012, 06:33 PM Reply Like
  • shahri23
    , contributor
    Comments (3) | Send Message
     
    ADVICE REQUIRED:
    Dear Apple Lovers, plz advise me,
    Q- shud I buy apple share right now (in After hours) or tommorow at market open?
    What are pros cons?
    Thanks ( im a new to stocks)
    24 Apr 2012, 06:43 PM Reply Like
  • Rhianni32
    , contributor
    Comments (2078) | Send Message
     
    If you are new to stocks in general do not buy. Wait, study and learn. There is no need to stampede into AH purchasing. There will always be more opportunities in the future.
    Other people's advice on what you should do with your money wont take into account your risk tolerance, you financial situation, and your goals.
    24 Apr 2012, 07:35 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11527) | Send Message
     
    Apple regularly beats its targets. China growth was a good sign. Asides from that nothing that special but generally good. I actually think $550 is a fair price $600 is acceptable Over that is a bit rich. And under $550 is a good deal unless something bad happens.
    24 Apr 2012, 07:32 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4106) | Send Message
     
    Moon, AAPL stock won't go under 550 for a long while. I increased my position by roughly 20% around 575 or so. I obviously have a ton of shares I bought lower. Maybe in a little while I regret that I didn't go all in......I still have cash sitting in my account. But hey, even I do some modest risk management.
    24 Apr 2012, 08:48 PM Reply Like
  • Gloube
    , contributor
    Comments (105) | Send Message
     
    AAPL stock has become a typical Apple consumer product: expensive, fashionable, bought blindly by millions of fanboys who do not tolerate criticisms. Does anyone know the % of float held by individuals on AAPL? If it's high, I'd say AAPL is a strong buy given the track record of other Apple consumer products.
    25 Apr 2012, 04:11 AM Reply Like
  • whiff
    , contributor
    Comments (818) | Send Message
     
    So much for all the double-diapered "analysts"
    25 Apr 2012, 11:11 AM Reply Like
  • calebh115
    , contributor
    Comments (2) | Send Message
     
    SHOULD I SELL ONE OF MY SHARES OF APPLE TODAY?
    25 Apr 2012, 01:55 PM Reply Like
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