Submitted by “Apple today announced financial results for its fiscal 2011 third quarter ended June 25, 2011. The Company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter. Gross margin was 41.7 percent compared to 39.1 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue. The Company sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. Apple sold 9.25 million iPads during the quarter, a 183 percent unit increase over the year-ago quarter. The Company sold 3.95 million Macs during the quarter, a 14 percent unit increase over the year-ago quarter. Apple sold 7.54 million iPods, a 20 percent unit decline from the year-ago quarter.”
Got to love the smell of money (My stock is doing GREAT this week!)
I bought at $17 pre-split oh so many years ago. I actually thought Apple would be bought by someone and I would make maybe 100% if I was lucky.
heh
My aunty is kicking herself – she remembers when the stock was in the dumps, Steve Jobs had just come back, there was no hope in hell of the company ever getting back on its feet again. Imagine if one bought the shares back in 1997
Mind you it reminds me of Air New Zealand’s shares getting down to 8cents per share on rumours it was about to go bankrupt (before the government bail out) then some smart guy bought several thousand worth of shares and made a killing when he sold it at 32cents per share
Yeah, for every case like that there’s a General motors. I almost bought it when rumors of bankruptcy started to tank the stock price. I didn’t think the government would let it get to bankruptcy. Luckily, I changed my mind.
I was also looking at Apple in 97, but didn’t have any money to invest .
I really felt sorry for GM from the point of view that their divisions overseas were actually working really well as an organisation – their Australian division (Holden) exports were growing, putting out new cars each quarter with great sales, their European side was spotty at best but it wasn’t heading down the toilet etc.
Chrysler on the other hand has always been a problematic red headed step child – when 80% plus of your business is in a single market then things aren’t going to be pretty. Add to that their appalling quality of their products – New Zealand used to import Chrysler mini-vans but the failure rate and problems were so bad that the importer couldn’t absorb the costs of having to get these problems resolved.
Then again, when I look around where I live 90% of the cars you see are Japanese or Korean made, a few Australian assembled cars with the high end being pretty much dominated by the European models (it is cheaper to purchase a BWM in New Zealand it it is to purchase a American made car).
My father and I saw the writing on the wall and he scraped together every penny he could and bought Apple at ~$6 per share, at its lowest point before it began its current meteoric climb. Too bad every penny to spare amounted to ~$200 at the time or we’d be in good shape now. Too bad I had no money at all, at the time, or I would have done much the same.
i never would have thought such a turnaround possible.
Not only have they come from almost bankruptcy just 10 or so years ago but grew to the richest IT company in the world…
What has amazed me is their ability to diversify their business (which is the most difficult part when running a business) beyond their traditional Mac roots. Microsoft is having one heck of a time trying to expand beyond their traditional software roots (it is happening but not at the pace the market is demanding) where as Apple seem to hit gold almost every time. iCloud for example isn’t as radical as some might have demanded but it fits the niche that consumers want, their computers are selling even though there is an economic slow down and they’re priced higher than many computers out there etc.
Maybe they’re not that different, when seen as a whole / not focusing on specific periods; most of successful diversifications from Apple seem to be of a fairly “gradual” kind. iTunes and iPods (synchronizing with one iTunes-carrying computer) are traditionally very tied to big machines …even iOS devices (themselves quite related to previous lines) continued this dependence, and are shedding it only now.
But then we have Newton, QuickTake (digicam), Pippin (console / set-top-box), Apple TV (few times described as “just a hobby”), Xserve, PowerCD (pre-iPod…). Supposed abandonment of pro video market (Shake earlier, Final Cut Pro becoming “iMovie Pro”).
So maybe “seem” is the key word. People don’t seem to remember Apple failures for some reason (curiously opposite to Sony and “no Sony standards succeeded” …while quite a few did, or do, well – the widely adopted ones just aren’t associated with Sony anymore)
(at times it’s also boasting conveniently filtered numbers, like with mass market numbers of later iPods while ignoring the uptake of this functionality in mobile phones – sure, not used there so much, research typically citing between 20 and 30% …but even when looking at just one market, the EU, that’s already in the range of total number of iPods ever produced)
Xbox division might be almost enough as a counterbalance (especially vs. Pippin and Apple TV; especially since, however sad it makes me to admit it, by the next gen MS might almost own the area). Plus, however MS is unable to touch Google, they still seem to have better footing in online venues (and MS software / Win PCs are also selling very well; in most of the world Macs basically don’t exist)
Though here we could be seeing a case of diametrically different perceptions, too… almost traditional “MS just buys out” vs. invisible Apple breakthroughs also via bringing in Pixo OS (the iPod OS/UI) or SoundJam MP (iTunes) – heck, without something of the kind Apple wouldn’t be doing so well in their traditional Mac roots, at least 2 times I believe failing to make a new OS (so they also ended up buying it, together with Jobs / is that company more Apple or Next? (akin to “is it Google or Doubleclick?”)); and switching to fairly standard Intel made stuff.
Edited 2011-07-25 00:18 UTC
An interesting note in these number. Tim Cook said they sold 33 million iOS device which (if I did the math right) works out to between 360 – 370k.
Clearly, that’s not quite the 550k activations Google claims but this is ONE COMPANY versus, essentially, the ENTIRE global electronics industry (sure yeah, there is the other guys like RIM and Microsoft but their rounding errors in this battle).
Thank you for bringing that up – lets also take into consideration that most of the ground made in Android devices isn’t in the market which Apple competes in (NZ$900 and above market) but the low end low cost android market. Take this one for example (NZ$249 phone bought outright and unlocked)
http://www.vodafone.co.nz/shop/mobileDetails.jsp?skuId=sku12370014&…
There is a tonne of those around along with previous generations of Android devices – it is ridiculous to expect Apple to sell an equal number when compared to devices like that being sold. To me talking about the number of Android sales is like comparing the number of netbook sales versus the number of UNIX servers sold each quarter – it is a ridiculous comparison. What I would love to see is a comparison between similar priced smart phones and whether Android is becoming the ‘cheapest lowest common denominator’ platform with those who want a premium experience deciding to head for Windows Phone 7 or iOS devices.
Edited 2011-07-20 01:56 UTC
Actually, it’s more like comparing Apple hardware sales to Windows software sales. IMHO, it is an apt comparison if you’re trying to figure out the user base of each platform
However, it may NOT be an apt comparison for developers, as I’m not sure how many folks who bought the cheapest of the Android phones will be buying many apps, assuming their phones even have access to the Android marketplace. Although I don’t have a link to prove it, I think statistics show that iOS users are more likely to pay for apps than Android users. If true, this is quite unfortunate for Android users, because it means that more apps will be infested with ads
Certainly I would gladly pay a dollar or two to have a non ad-supported version of an app. I’ve bought dozens and dozens of iPhone apps. The 99cent business model is great. Everything is within impulse buy territory so I actually end up buying way more. Kinda ruins it for anything else though. Haven’t bought a Wii game in over a year because the price just seems ludicrous in comparison.
The most important commodity on my phone is screen real estate. I have no interest in running apps that hog 10-20% of that with ads.
Well, this is going to be anecdotal vs anecdotal, but here we go: I haven’t seen any cheap Android handset around here, and I live in a developing country. All Android handsets came from the major manufacturers. The most handsets are from Samsung and HTC, haven’t seen many Motorola or LG around here.
It is my general impression that handsets from the Big Ones are driving sales, not cheap Chinese clones or custom built carrier specific handsets. However, just like you, I don’t have any numbers to support my claim… just an impression.
EDIT:> I have one piece of evidence… sort of. The popularity of each device can be measured by demand. The more demand, the more shops will import those handsets. There is a one-stop-shop website in Vietnam for electronics. The site is in Vietnamese, but you can see clearly how many shops sell each device (I ordered the page accordingly)
Top Samsung, HTC and SonyEriccsson handsets are found at 40-70 vendors, while the el-cheapo handsets only in some obscure places, in maybe a handful. For example, the HTC Desire is found in 75 shops, while you have to go to the second page to see any cheap Android handsets (cheap Android tablets, however, seem to be more popular – but still less popular than tablets from the Big Names).
http://vatgia.com/home/quicksearch.php?keyword=Android
Edited 2011-07-20 10:18 UTC
Hm, ultimately / in the end, that’s a bit how Wintel ended up dominant. With economies of scale eventually pushing it to be the driving force, and a “good enough / no difference” stage not much later.
With Quantitative Easing going away and oil jumping up again, you might want to consider selling your stocks. I think there’s going to be another big panic crash soon, once the Wall Street guys realize they aren’t getting anymore free money.
Doubtful – Apple is becoming less and less exposed to the US market with each quarter; the Asia-Pacific region (where I live) grew 57% and continues to grow – sorry to say but we’re (Asia-Pacific) are becoming the new engine of growth for the world and America is slowly turning into a slightly poorer version of Europe but without all the culture and sophistication of old Europe.
That’s true, but it still might be a good idea to take some profits if you had invested in 97. RIM looked like a great stock too at one point.
Meh for me I think that their share price is way over valued then again I think a lot of the US share prices are way over valued when compared to their underlying fundamentals. Anyone remember the dot-con (it was a giant con-job) bubble, businesses with no underlying fundamentals over $100 per share and making no profit yet I look at stable reliable shares like Infratil ($1.85 per share) based on a sound business model (owning infrastructure such as airports, seaports, roads, transportation etc) and the market won’t cut them some slack.
RIM looked like a great stock but I saw the writing on the wall around the time they launched the AppStore and native applications – the only saving grace for RIM up until that time was iOS limited capabilities and Windows Mobile being so utterly horrible in every sense of the word. RIM sat back on it’s laurels believing that businesses would never move away from RIM (no one ever got fired for buying RIM products) and that is the fatal mistake that almost every business makes – assuming that they’re indispensable and irreplaceable.
In case you haven’t noticed, Apple is sitting on the biggest pile of cash around and has record earnings every quarter. How exactly are you comparing this to .com companies?
It’s funny you compare these two:
Price/Earnings for Infratil: 17.05
P/E for Apple: 17.95
You do understand that just because Apple shares are 200 times the price of Infratil shares doesn’t mean they’re overvalued, right? If anything, given Apple’s growth they are undervalued (depends on how long they can sustain such fantastic growth).
Edited 2011-07-20 05:44 UTC
all apple has are a few trademarks, a showmaster (with cancer) and a lot of hype around their showmaster
thats not very reliable
Don’t forget Ives. He’s a pretty brilliant designer. Not sure if he’ll be as good without the constructive criticism and support of Jobs. He was pretty limited in what he could do before Jobs came back.
You trolling or just that dense?
http://newsdailybrief.com/strong-international-performance-help-bla…
http://finance.yahoo.com/q?s=RIMM
Rim was 48, now near 26 almost a year after their record profits. Things in this kind of industry can change fast. Not saying Apple will do that, but it also means you can’t trust today’s numbers for the long term outlook.
Apple are just unstoppable. I couldn’t help but laugh when reading those figures. Look at the NASDAQ, they almost have the Market Cap of Google+MS combined!
I wish I had money to invest.