Apple states on its FQ2 earnings call (webcast, live blog) its conservative FQ3 guidance was...

Apple states on its FQ2 earnings call (webcast, live blog) its conservative FQ3 guidance was partly due to a 2.6M Q/Q increase in iPhone channel inventory. Its strong FQ2 gross margin is attributed to lower commodity costs (i.e. cheaper flash memory) and product mix (more iPhones). Tim Cook adds Apple won't follow Microsoft's (MSFT) lead in offering "converged" PC/tablet devices. iTunes revenue was $1.9B, +35% Y/Y. China revenue rose over 3x to $7.9B. AAPL +7.1% AH.

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Comments (17)
  • Herr Hansa
    , contributor
    Comments (3134) | Send Message
    Shame AAPL is not following MSFT lead on more powerful tablets. Personally I would like a tablet with the power of my MacBook Pro, then I would have something very capable to take on business trips that is lighter than my MacBook Pro. I've looked into netbooks in prior years, but the build quality always seemed terrible, and Apple specifically chose not to address that market. On an investment level, this decision would seem to allow Windows 8 tablets to have some success in the market for MSFT.
    24 Apr 2012, 06:07 PM Reply Like
  • sorrwohrrcom
    , contributor
    Comments (133) | Send Message
    MacBook Air should provide sufficient horsepower and portability.


    I am too interested in some products that Apple does not yet offer - a very large iPad - something like a 27 inch screen - useful to view multiple clinical images (brain MRI, orbital MRI, multiple other clinical investigational studies, EMR... all at once in once very large multi-windowed environment)....
    24 Apr 2012, 06:43 PM Reply Like
  • berylrb
    , contributor
    Comments (2384) | Send Message
    by converged I assume the meant an ultra book like product. in this case Apple's entry is the Air, I believe a 13" Air is out or due out. I'm on my way to Jordan to do business/vacation and my 15" MBP is a little too much, so I'm bringing my iPad with a ZAGG keyboard, ... I think I'm going to wish I had a 13" Air
    24 Apr 2012, 06:56 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3134) | Send Message
    Barely any weight savings over my MacBook Pro. Originally when the Air was introduced it was a pricey premium product, and I didn't see too many. Then when the price was lowered I thought I would see more, but I still see more MacBooks in the wild.


    A smaller iPad might get my interest, but if it's just running iOS instead of OS X, then I don't find it that interesting. I would hope a tablet can offer more than a smartphone than having a larger display.


    LG are upping the game in televisions with some new display technology. It' a really cut-throat business. I hope Apple doesn't try to introduce a television, because I just don't see the volume. The existing Apple TV already addresses that market quite well.
    24 Apr 2012, 07:00 PM Reply Like
  • Onlinden
    , contributor
    Comments (120) | Send Message
    I too would like a bigger iPad, and think the ergonomics would actually be better. I don't quite get the benefit of a 7" screen -- use your phone for that? My family think I'm crazy though...glad to hear I'm not the only one
    24 Apr 2012, 07:24 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3134) | Send Message
    Many third party applications look, function, and operate roughly the same on Windows and on Mac OS X. So with that in mind, some of the Samsung offerings might be of interest when Windows 8 rolls out. I suspect Samsung will offer a more powerful tablet. My MacBook Pro (or a newer one) is likely to be my main computer, though I am tempted by the possibility of Samsung meeting my travel needs. The other possibility is simply a better smartphone with decent battery life (or replaceable battery capability).
    24 Apr 2012, 07:38 PM Reply Like
  • Mike Wong
    , contributor
    Comments (45) | Send Message
    Did u hear that about a year ago, Apple bought "Liquid Metal", a company that specializes not only in super lightweight metals, but also fuel cells which require super strong casings.


    The day for an iPad or a MBP with super "battery" life is probably not too far off.... maybe in the next 2-3 years.
    24 Apr 2012, 11:03 PM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
    That must be the 2.6M iphones AT&T didn't sell. They did mention a sales drop as part of the reason for their beat this morning.
    24 Apr 2012, 06:17 PM Reply Like
  • rubicon59
    , contributor
    Comments (1503) | Send Message
    Did anyone notice the collapse of non-iPhone smartphone sales at ATT according to their Q1 numbers?
    24 Apr 2012, 06:36 PM Reply Like
  • dab3z
    , contributor
    Comments (311) | Send Message
    I think many of us did. Most are just choosing to ignore it.
    25 Apr 2012, 08:55 AM Reply Like
  • sawchain
    , contributor
    Comments (130) | Send Message
    I'm not implying this supports or denigrates the notion of integrating a tablet and a laptop, but it's topical. Steve Jobs on "convergence" :

    24 Apr 2012, 08:51 PM Reply Like
  • updragon
    , contributor
    Comments (6) | Send Message
    IMHO, Apple is smart enough to avoid the pitfalls of a converged tablet/PC - in truth, these devices just wind up being the worst of both worlds.
    24 Apr 2012, 10:36 PM Reply Like
  • blueguy19
    , contributor
    Comments (27) | Send Message
    Clearly China is the big contributor to AAPL Q2 earnings. A very big surprise indeed. Just proves how crazy this whole world is after apple products. iPhone in this case.. may be iPad in coming years.
    24 Apr 2012, 10:37 PM Reply Like
  • Mike Wong
    , contributor
    Comments (45) | Send Message
    Not just China .... all of SE Asia (except India)
    24 Apr 2012, 11:06 PM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1166) | Send Message
    It just gets better as the year progresses. Over $50 EPS will be easily hit this year and Apple hasn't hit it stride yet. A year from now the stock price will have 4 digits before the decimal place. Awesome performance. There's no company like this. There's never been a company like this.
    25 Apr 2012, 02:35 AM Reply Like
  • Internal Source
    , contributor
    Comments (303) | Send Message
    I want all Apple bulls to come out today and take the opportunity to gloat and say, finally, "I TOLD YOU SO" to all the formerly gloating naysayers and shorts who seemed to revel in every drop in the share price these last two weeks. We've earned the right to do so. I am talking about: Grasso, Cortez, Adami, Pendola, (Colin) Gillis, (Alex) Gauna, (Melissa) Lee... all who just wanted it down or liked seeing it down or missed it on the way up so sour graped-it both up and down. Today we have the right to say "so... who was right?". Call them fanboys, call them irrational, whatever but the Apple story is as intact as can be - Jobs or not - for at least the next 3 years.
    25 Apr 2012, 04:16 AM Reply Like
    , contributor
    Comments (6959) | Send Message
    I rather own Intel.
    25 Apr 2012, 08:32 AM Reply Like
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