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More on Apple: Gross margin was 47.4%, up 270 bps Q/Q and 610 bps Y/Y. Cash/investment balance...

More on Apple: Gross margin was 47.4%, up 270 bps Q/Q and 610 bps Y/Y. Cash/investment balance rose to $110B. Asia-Pac, likely driven by China, played a big role in the earnings beat: sales rose 32% Q/Q and 114% Y/Y, compared with 20%+ Q/Q seasonal drops for the Americas and Europe. iPhone revenue +85% Y/Y with implied ASP of $646, iPad revenue +132%. Mac desktops +8%, Mac notebooks -1%. Retail revenue +38% Y/Y. AAPL +7.4% AH. (PR) (CC webcast)

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Comments (18)
  • montanamark
    , contributor
    Comments (1446) | Send Message
     
    desktops up 8% - interesting; corporate/business transformation?
    24 Apr 2012, 04:57 PM Reply Like
  • ThomasOrton
    , contributor
    Comments (257) | Send Message
     
    Yes
    24 Apr 2012, 05:10 PM Reply Like
  • 153972
    , contributor
    Comments (837) | Send Message
     
    Probably Asia.
    24 Apr 2012, 07:05 PM Reply Like
  • Positive Equity
    , contributor
    Comments (483) | Send Message
     
    The tail wagging this golden retriever is the Asian markets. Look for growth to continue for the next year in these markets. Anyone who travels in Asia realizes how the iPhone is a status symbol and still coveted by the masses. This leads to a gateway affect whereby Asian consumers eventually by Apple iPads, laptops, and other products.

     

    Apple is a luxury brand for the masses in Asia.
    24 Apr 2012, 05:03 PM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1166) | Send Message
     
    Something told me to take off my protective positions just before the close. I unravelled a bunch of covered calls in the last 30 minutes of trading. Never again do I doubt Apple, at least until next quarter :)
    24 Apr 2012, 05:12 PM Reply Like
  • darekz
    , contributor
    Comments (67) | Send Message
     
    Chinese suitcase enterpreneurs now shuffle already used iPhones of the Chinese market to less affluent SE Asian countries. I have seen them in Cambodia, Laos and Vietnam. That preps these markets for even more Apple products once income level raises. I recall a CNN report from Somalia a year ago and a village leader was sporting... iPhone....
    24 Apr 2012, 05:16 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3084) | Send Message
     
    With iPhone 4S sales still relatively strong outside the US and Europe, there does not seem much incentive to roll out an iPhone 5 soon. Carriers may push for a true 4G (LTE) iPhone in the US, but AAPL can probably delay introduction until later this year.
    24 Apr 2012, 05:22 PM Reply Like
  • berylrb
    , contributor
    Comments (2243) | Send Message
     
    well the iPhone 5 is still speculation based on historical roll outs of new product. So technically it would not be a delay, yes?
    24 Apr 2012, 05:51 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3084) | Send Message
     
    True. Some people/analysts/bloggers were indicating a summer release, in time for big back-to-school sales. I don't think that is realistic. Best guess I would side with is an October release.
    24 Apr 2012, 05:56 PM Reply Like
  • ItsAllGreek
    , contributor
    Comments (547) | Send Message
     
    Any early release rumors usually have a nefarious purpose underlying them (short sellers, competitors). Apple has established an annual release cycle - changing it would cause unnecessary stress and uncertainty for its customers. A summer release would only be necessary in an emergency situation.

     

    What Apple needs is a summer release of a totally different category of product. My recommendation for a release strategy would be:
    Mar - iPad
    Jun - <new> 7" iPod touch, Mac Pro
    Sep - iPhone
    Nov - <new> iTV
    24 Apr 2012, 07:34 PM Reply Like
  • StephenJay27
    , contributor
    Comments (6) | Send Message
     
    It's going to $1,000 people. Don't fight it. China, TV, and who knows what else.
    24 Apr 2012, 06:37 PM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1166) | Send Message
     
    China especially. That was a MAJOR catalyst this quarter.
    24 Apr 2012, 10:05 PM Reply Like
  • rachid
    , contributor
    Comment (1) | Send Message
     
    Hi all.
    I just wanted to tell you that I feel identified with you. I like Apple, I have great confidence in this company for their fundamental analysis. I go long.

     

    I like to read you but does not participate because I do not speak English well.

     

    Thanks to all
    24 Apr 2012, 06:46 PM Reply Like
  • CINDYVU
    , contributor
    Comments (85) | Send Message
     
    Don't be shy. We understand you. Keep writing comments as you like.
    24 Apr 2012, 08:08 PM Reply Like
  • apollonian
    , contributor
    Comments (7) | Send Message
     
    That cant be right. This site was telling us those numbers weren't possible... How can that be?
    24 Apr 2012, 06:46 PM Reply Like
  • CINDYVU
    , contributor
    Comments (85) | Send Message
     
    Read the comments and you know people's sentiment. The bear authors always come out of the bush and predict "apple is falling". All of the analysts are bullish on apple and some of them even raise EPS 1-2 days before earning report. A couple weeks ago EPS was $9.80 and it was raised to $10.04 even apple was traded down $70 from its high $644.
    People has short memory as I recalled. They forget the riot in China apple stores when iPhone 4s was available in early January and they based iPhone sale on AT and T and verizon which is now only a small percentage of total global iPhone sold.
    iPad is another great product that has not fully appreciate for its many potential. Ask your kid if the choice is a desktop or an iPad and you already know the obvious answer.
    24 Apr 2012, 08:04 PM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1166) | Send Message
     
    OK, I'll pat myself on the back. I posted this Friday (and yep, I did some dancing and shouting at the announcement):

     

    What it does this week is irrelevant. Some people are taking risk off pre-earnings. I think that EPS will come in in the high 12s, possibly a bit higher and everyone who sold will be shaking their heads in disgust. Those who loaded up will do the usual post-earnings celebratory dancing and shouting. And...

     

    in spite of all the short term noise, Apple is justifiably priced at current levels. Consider that eps about doubled Q/Q from 2011 to 2012. Stock price is up about 85% in that time. Seems pretty reasonable to me. Anyone who worries what a stock does in a day, a few days a week or a few weeks is focused on the wrong thing.
    24 Apr 2012, 10:15 PM Reply Like
  • iFrank
    , contributor
    Comments (36) | Send Message
     
    After hearing about the earnings, I went from Gloom and Doom to " Celebration". I got up and went out ---and ate an APPLE.
    24 Apr 2012, 10:58 PM Reply Like
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