Mentioned during Apple's FQ1 call: Tim Cook suggests taking iPhone build rumors with a grain of...

Mentioned during Apple's FQ1 call: Tim Cook suggests taking iPhone build rumors with a grain of salt. But he also states Apple's guidance will now reflect actual expectations - FQ2 revenue guidance was below estimates. He downplays talk of a bigger iPhone, and asserts Apple isn't interested in revenue for its own sake. The iPhone 4 was supply-constrained during the quarter, a sign demand for cheaper iPhones is strong in spite of a decent ASP. iPhone channel inventory is in Apple's target range, iPad inventory below as the Mini remains constrained. AAPL -10.5% AH. (live blog) (FQ1: I, II, III)
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Comments (8)
  • SoldHigh
    , contributor
    Comments (991) | Send Message
    The iPhone 4S is awesome. No reason to "upgrade" from it (as of yet) imho.
    23 Jan 2013, 05:53 PM Reply Like
  • MajorDude
    , contributor
    Comments (280) | Send Message
    The iphone 4 is a great product. I just gave one to my aunt as a gift and she is absolutely delighted with it.


    But the iPhone 5 is better in every way: thinner, lighter, bigger screen, better connection (if you're on ATT anyway, thanks to LTE), much much faster web browsing.


    On the whole, better for new users who've never experienced an iPhone; better for premium payers who want the best and don't quibble about a hundred bucks.
    23 Jan 2013, 07:18 PM Reply Like
  • bgold1955
    , contributor
    Comments (2350) | Send Message
    Who says that kind of statement during an earnings call "Apple is not interested in revenue for its own sake". Wow! No wonder its getting smashed!!!!
    23 Jan 2013, 05:55 PM Reply Like
  • Daveqwerty
    , contributor
    Comments (74) | Send Message
    Please read Steve Jobs' [fascinating] biography to understand Cook's statement. Apple's philosophy was, and still is, to maximize profits on the bottom line for the whole corporation, not just shoot for maximum revenue on one product (which could easily be done by reducing margins significantly). Samsung has maximized revenue and sales volume but has zilch on the bottom line.
    23 Jan 2013, 07:18 PM Reply Like
  • Upswinger
    , contributor
    Comments (12) | Send Message
    He made a valid point about revenue. If you have a ton of revenue but no bottom line, what is the point of the revenue? AAPL's model is working-margins are still great. This stock still remains undervalued-buy more AAPL while you can at these discounted prices because ti won't sit there for long. This just became the value play of the year.
    23 Jan 2013, 07:08 PM Reply Like
  • scott trader
    , contributor
    Comments (6951) | Send Message
    @JC..... good thing you don't smoke pot....just by your first comment you are already pretty high ...
    23 Jan 2013, 07:55 PM Reply Like
  • rrosey2
    , contributor
    Comments (883) | Send Message
    I am well satisfied with the Apple results as reported today. Big sales, big profits, and looking forward to more of the same.


    A few more years of this kind of profit and they can buy back all their stock (at today's price).


    Re Samsung:
    The only justification for selling at no or low profit is to run the competition off the cliff. Samsung can't run Apple off the cliff, so they are just out to keep their manufacturing going.
    23 Jan 2013, 08:21 PM Reply Like
  • Skippy09
    , contributor
    Comments (1907) | Send Message
    It's about the earnings folks.
    Long and accumulating.
    23 Jan 2013, 08:27 PM Reply Like
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