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More on Apple: iPhone and Mac sales below expectations, iPads roughly in-line. FQ1 gross margin...

More on Apple: iPhone and Mac sales below expectations, iPads roughly in-line. FQ1 gross margin was 38.6%, down 510 bps Y/Y but above guidance of 36% and responsible for EPS beat. FQ2 gross margin guidance of 37.5%-38.5%. Exc. retail, Americas sales +15% Y/Y (was +43% in FQ4), Europe +11% (+8% prior), Japan +25% (+113% prior), Greater China +67%, rest of Asia-Pac +10%. Retail +5%. Cash/investment balance at $137B. AAPL -4.8% AH. CC at 5PM ET (webcast). (PR)
Comments (33)
  • wallstreetoneil
    , contributor
    Comments (33) | Send Message
     
    you got the GM wrong - it was 38.6% not 39.5%
    hottest selling product in the world and this is all it can make
    stock going to $400
    23 Jan 2013, 04:51 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    Cracks in the armor...slowly but surely....starting to appear.
    23 Jan 2013, 04:51 PM Reply Like
  • milehr
    , contributor
    Comments (490) | Send Message
     
    How so?
    23 Jan 2013, 05:15 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    This is the peak for the company. The slow ebb is about to begin
    23 Jan 2013, 07:31 PM Reply Like
  • RycheMykol
    , contributor
    Comments (352) | Send Message
     
    With those number, it sounds like Apple will be bankrupt by next week. (thats sarcasm btw).
    23 Jan 2013, 04:56 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Permabulls, meet reality.
    Reality, permabulls.

     

    AAPL lower...
    23 Jan 2013, 05:00 PM Reply Like
  • WilScheung
    , contributor
    Comments (21) | Send Message
     
    Short term pain because of ignorant idiots who don't understand a 13 week quarter versus a 14 week quarter
    23 Jan 2013, 07:20 PM Reply Like
  • Mohamed Abdirahman
    , contributor
    Comments (109) | Send Message
     
    The stock is not down because they slightly missed revenue target but because of their guidance. A week extra would not have made a difference in this case.
    23 Jan 2013, 07:45 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    $137B in cash is impressive. With shares outstanding at 940m, that's 145 per share in cash.
    23 Jan 2013, 05:05 PM Reply Like
  • lucnj
    , contributor
    Comments (52) | Send Message
     
    With this growing cash accumulation and the continuing drop in stock prices apple will soon be able to buy itself out and go private.
    23 Jan 2013, 05:21 PM Reply Like
  • donklos
    , contributor
    Comments (45) | Send Message
     
    Any other company makes these numbers and the stock goes through the roof. Expectations are just ridiculous for Apple. And they need to learn how to project more accurately. One penny under and the stock tanks.
    23 Jan 2013, 05:11 PM Reply Like
  • donklos
    , contributor
    Comments (45) | Send Message
     
    Apple... learn this philosophy =>.... Under promise and over perform.
    23 Jan 2013, 05:12 PM Reply Like
  • jswieter
    , contributor
    Comments (176) | Send Message
     
    They have every time. Its the yo yo's analysts who don't pay attention and try to end run them with stupid predictions.
    23 Jan 2013, 05:30 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    Here's the problem with Apple- their coolness factor is waning, competitors are starting to offer competitive products, and the innovation curve is plateauing.

     

    The company won't be able to sustain the robust iPad sales, the iPhone is already beginning to decline, and margins will shrink all-around.

     

    It's heyday is over- but damn was that a nice run.

     

    Stock to $350 by end of year.
    23 Jan 2013, 05:14 PM Reply Like
  • 1509alpha
    , contributor
    Comments (36) | Send Message
     
    Alright, $350 minus cash of $145 = $205. P.E. of 4.

     

    Do you value all companies like this? Not much I can say your negative outlook is in charge for the time being. I just remain amazed.
    23 Jan 2013, 05:24 PM Reply Like
  • $vix
    , contributor
    Comments (444) | Send Message
     
    Spoke to many, many high school kids about cool- they all mentioned apple iphone & ipad. Not one mentioned Samsung as cool. Sorry, I dont buy the competitive products story. I have used the new Galaxy 3 and its is horrible as is android. Constant crashes and very unstable. My iphone 5 is a joy to use with never an issue. Aesthetically, it is beautiful and made with very high end materials. The Galaxy is a hunk of plastic. Their are fans of every product but for people who are looking for a higher end product that is very well made and offers rock solid reliability with very, very few issues apple is the choice. I own 4 ipad 4s, three iphone 5's and two ipad mini's with not one problem ever. I own several Galaxy 3's for my employees and tey are constantly having problems. I do own two Microsoft Surfaces and they are impressive so far.
    Aple had a phenominal quarter. The stock is down again because the hedge funds have had made their money inflating the share price and have liquidated and gone short. Sadly, until they get interested in aapl again, the stock continues its slide. In the market, making the best products mean nothing, its all about stock price manipulation. aapl blew away the earnings of google and netflix, but look at those share prices post earnings. Netflix streams movies and google sells advertising. Apple continues to sell products that change the way we work and play but it matters not.
    23 Jan 2013, 06:58 PM Reply Like
  • carolmansell
    , contributor
    Comment (1) | Send Message
     
    for us poor folk that didn't catch apple on the rise....it will never be low enough....sick hearing about it...
    23 Jan 2013, 07:16 PM Reply Like
  • WilScheung
    , contributor
    Comments (21) | Send Message
     
    "The company won't be able to sustain the robust iPad sales, the iPhone is already beginning to decline, and margins will shrink all-around. "

     

    You have stats to back this up or do you just like posting unfounded, ridiculous comments?
    23 Jan 2013, 07:20 PM Reply Like
  • rperson
    , contributor
    Comments (367) | Send Message
     
    Yeah. Those Nissan sports cars make Porsches look like the over priced crap they are. After more than 50 years of looking at those crap automobiles it's amazing people still buy them. Porsche is done.
    23 Jan 2013, 05:21 PM Reply Like
  • Energysystems
    , contributor
    Comments (1071) | Send Message
     
    Porsche was bought out this past year by Volkswagen. Funny how that works.
    23 Jan 2013, 05:32 PM Reply Like
  • rperson
    , contributor
    Comments (367) | Send Message
     
    Have you ever owned or driven a 911. No, I didn't think so. Keep your day job.
    23 Jan 2013, 05:53 PM Reply Like
  • Energysystems
    , contributor
    Comments (1071) | Send Message
     
    Do you think being behind the wheel of a 911 a sign of success? Obviously you haven't been very successful in life.
    23 Jan 2013, 06:54 PM Reply Like
  • Mortonk
    , contributor
    Comments (167) | Send Message
     
    Oh dear, looks like they'll have to invent something else and they've never done that before have they........split the shares as well 50/1 should take the shorts and puts out of the game.....!
    23 Jan 2013, 05:27 PM Reply Like
  • RycheMykol
    , contributor
    Comments (352) | Send Message
     
    I agree, they need to do a split. They need to get rid of the large hedge fund traders and try to get more mom-pop type investors. It would ease the volatility.
    23 Jan 2013, 05:47 PM Reply Like
  • brudd
    , contributor
    Comments (16) | Send Message
     
    Im still on the train of 12-13X multiple through the year. Back to 650-700 soon. Too much manipulation continues
    23 Jan 2013, 05:45 PM Reply Like
  • brudd
    , contributor
    Comments (16) | Send Message
     
    forget about what "wall Street" thinks. Cook is running the biz like a sole proprietor runs his own biz...Just show me the bottom line. Continued improvement. Soon others will view it the same.
    23 Jan 2013, 05:52 PM Reply Like
  • 2MuchDebt
    , contributor
    Comments (218) | Send Message
     
    brudd: I hear you from a valuation perspective, but I just don't see that happening in the near future. I'm long AAPL.
    23 Jan 2013, 10:18 PM Reply Like
  • wileyfox
    , contributor
    Comments (15) | Send Message
     
    Give me a break! There was no reason for the dive since summer and what was the miss... A couple present? If my business had a 35% profit let alone Apple's my banker would be throwing money at me. Isn't that like buying stock?
    23 Jan 2013, 05:50 PM Reply Like
  • cramersm
    , contributor
    Comments (6) | Send Message
     
    LYogi - I'm not convinced the 'coolness' factor is waning. This morning I was driving my kids to school (ages 11 and 14). CNBC was on my car radio and we heard "Is the lustre off Apple?" and my daughter said "lustre?". I explained what they meant. Immediately she gave a big "Nooooo way."
    I thought for a second and said "How many of the kids at school have iphones, about 20%?" (both my kids have iphones).
    "No." I thought I must be a little high...or a little low.
    "Eighty percent."
    I said "you must be kidding"
    Both kids chimed in that it was correct, eighty percent. They said a few kids have no phone, the ones whose parents wont let them have a phone yet. And a small number have phones other then iphones, but "those are just kid's starter phones". They were indicating that those kids would absolutely be getting iphones later.
    So I asked what everybody is "using", knowing full well that they both use Instagram. "How about Facebook?" Facebook is too slow, my 14 yr old daughter said, and its also too easy to hit a 'Like' button by mistake...
    23 Jan 2013, 06:21 PM Reply Like
  • Sean F
    , contributor
    Comments (85) | Send Message
     
    ANALyst guess is what all this is based upon.

     

    Remember, for every sale there is a buyer. Those lucky market makers are buying this stock for 458$.

     

    You can't fight the tape. Still the best company on earth.
    23 Jan 2013, 06:40 PM Reply Like
  • pat1490
    , contributor
    Comment (1) | Send Message
     
    Time for Tim to move on.
    24 Jan 2013, 06:06 AM Reply Like
  • kmi
    , contributor
    Comments (4018) | Send Message
     
    Lots of lamenting the price drop, not a lot of bullishness on the equity price in the comments in SA.

     

    Tells you something about how this will move. Doesn't look like there will be massive buying volume on this pullback, by retail anyway, although I expect this to continue being a favored trading vehicle for day traders.
    24 Jan 2013, 07:13 AM Reply Like
  • milehr
    , contributor
    Comments (490) | Send Message
     
    Below expectations means nothing, since analysts are setting their expectations so that AAPL would not beat them. The real analysts' expectations are of AAPL not beating those expectations, and therefore present numbers are very much what was expected, and even better. With record revenue, number of units sold, and high margins, the shares should be rallying, as they will in a short while, after investors realize that have been duped.
    24 Jan 2013, 08:49 AM Reply Like
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