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Apple Reports $26.7 Billion In Revenue On $6.43 EPS, Beats Whisper Numbers

Tyler Durden's picture





 

Apple posts revenues of $26.7 billion on EPS of $6.43. EPS consensus was for $5.38 per share, up from $3.67 per share a year ago, while revenue was expected to be up 55 percent at $24.3 billion. Whisper numbers were as high as $26.3 billion and EPS of $6.29. Apple's own guidance was for $23 billion in revenue and $4.80 in EPS. 19.5 million iPods sold

  • Q1 revenue USD 26.74bln vs. Exp. USD 24.42bln
  • Q1 Macs sold 4.13mln, up 23%
  • Q1 iPhone sold 16.24mln, up 86%
  • Q1 gross margin 38.5% vs. Exp. 37.3%
  • Q1 iPods sold 19.45mln, down 7%
  • Q1 iPads sold 7.33mln
  • Sees Q1 revenue about USD 22bln vs. Exp. 20.87bln, sees Earnings at $4.90 on expectations of $4.47
  • No reverse decoupling here: 62% of sales are foreign

Full release:

Apple® today announced financial results for its fiscal 2011 first
quarter ended December 25, 2010. The Company posted record revenue of
$26.74 billion and record net quarterly profit of $6 billion, or $6.43
per diluted share. These results compare to revenue of $15.68 billion
and net quarterly profit of $3.38 billion, or $3.67 per diluted share,
in the year-ago quarter. Gross margin was 38.5 percent compared to 40.9
percent in the year-ago quarter. International sales accounted for 62
percent of the quarter’s revenue.

Apple sold 4.13 million Macs during the quarter, a 23 percent unit
increase over the year-ago quarter. The Company sold 16.24 million
iPhones in the quarter, representing 86 percent unit growth over the
year-ago quarter. Apple sold 19.45 million iPods during the quarter,
representing a seven percent unit decline from the year-ago quarter. The
Company also sold 7.33 million iPads during the quarter.

“We had a phenomenal holiday quarter with record Mac, iPhone and iPad
sales,” said Steve Jobs, Apple’s CEO. “We are firing on all cylinders
and we’ve got some exciting things in the pipeline for this year
including iPhone 4 on Verizon which customers can’t wait to get their
hands on.”

“We couldn’t be happier with the performance of our business, generating
$9.8 billion in cash flow from operations during the December quarter,”
said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal
quarter of 2011, we expect revenue of about $22 billion and we expect
diluted earnings per share of about $4.90.”

Apple will provide live streaming of its Q1 2011 financial results
conference call beginning at 2:00 p.m. PST on January 18, 2011 at www.apple.com/quicktime/qtv/earningsq111.
This webcast will also be available for replay for approximately two
weeks thereafter.

 


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Tue, 01/18/2011 - 17:32 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Apple Magic Numbers

Who needs jobs when we have Jobs. Or at least we had Jobs.

Tue, 01/18/2011 - 17:33 | Link to Comment tellsometruth
tellsometruth's picture

LOL love me those puns!

Tue, 01/18/2011 - 17:37 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

I remember as a kid at his birthday party...after the candles were lighted...

Tue, 01/18/2011 - 17:38 | Link to Comment duo
duo's picture

What would 300,000 Foxconn slaves do without AAPL?  Jobs created jobs.

Tue, 01/18/2011 - 17:56 | Link to Comment snowball777
snowball777's picture

Jump from the 1st floor?

Tue, 01/18/2011 - 17:48 | Link to Comment Eally Ucked
Eally Ucked's picture

Who the fuck cares? Is this something to cheer about? What gain is it for us?  

Tue, 01/18/2011 - 17:34 | Link to Comment Turd Ferguson
Tue, 01/18/2011 - 17:36 | Link to Comment ReallySparky
ReallySparky's picture

LOL

Tue, 01/18/2011 - 17:34 | Link to Comment HarryWanger
HarryWanger's picture

Wow! What else can you say?

Tue, 01/18/2011 - 17:37 | Link to Comment SheepDog-One
SheepDog-One's picture

What else can you say? Sell the news. Now back to Jobs death watch...

Tue, 01/18/2011 - 17:57 | Link to Comment SheepDog-One
SheepDog-One's picture

Told you to sell the news, red after hours already.

Tue, 01/18/2011 - 17:37 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Congratulations ... !!! Great call.

Will you sell a little gold now that things are looking so good and buy more shares ??? Many good years ahead ...

Tue, 01/18/2011 - 17:40 | Link to Comment bob_dabolina
bob_dabolina's picture

This is what I can tell you.

Last year at about this time oil was trading at about $76 and most other commodities are up between 60-140% depending on what you are looking at.

In other words, our quality of life (as a country) has gone down.

Good job team [ass pat]

Tue, 01/18/2011 - 18:17 | Link to Comment homersimpson
homersimpson's picture

Um.. shut up Harry?

Tue, 01/18/2011 - 17:35 | Link to Comment kato
kato's picture

chinese slave labor manufacturing. undervalued renminbi.

Tue, 01/18/2011 - 17:34 | Link to Comment centerline
centerline's picture

What a surprise given the news on Jobs!  LOL.

Tue, 01/18/2011 - 17:40 | Link to Comment HarryWanger
HarryWanger's picture

I posted earlier that they wouldn't have released the Jobs news yesterday if they did not have blow out earnings. Didn't make sense. Well, here are your blow out earnings and the "dip" this morning turned out to be the buying opportunity of the year.

Tue, 01/18/2011 - 17:54 | Link to Comment faustian bargain
faustian bargain's picture

Unless you were able to time that very short dip perfectly (and the little spike midday), people who bought this morning and sold this evening made at most 2 or 3 percent. Not bad, but not 'the buying opportunity of the year'. And even if you did time the dip and spike perfectly...still only 5%. You did sell at the spike, right?

Tue, 01/18/2011 - 17:57 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

Yeah but you're fully invested and couldn't advantage the dip. Drool.

Tue, 01/18/2011 - 17:58 | Link to Comment SheepDog-One
SheepDog-One's picture

Wow Harry, hope you sold there $20 higher AH, guidance is pretty damn weak there is no more upside here.

Tue, 01/18/2011 - 18:15 | Link to Comment Ratscam
Ratscam's picture

Harry, do you actually read the posts on ZH or do you just comment?

Do you think that it is a bullish sign when more executives are selling their AAPL shares than buying them? - see insider selling to buying ratio over the past months.

Analyzing your posts you're a pathological liar who collects his food stamps every Thursday at 10 AM.

 

Tue, 01/18/2011 - 20:58 | Link to Comment Red Neck Repugnicant
Red Neck Repugnicant's picture

How do you respond to Steve Jobs exchanging his Apple options for shares in 2003, right before one of the greatest runs in American corporate history? At the time, it was very bearish, and very wrong.  Had he kept the options, his Apple net worth would be over $13 billion, rather than his measly $3 billion today.  

In fact, it has the dubious distinction of being labeled "The Worst Trade of all Time" by WSJ. 

 

Tue, 01/18/2011 - 17:35 | Link to Comment faustian bargain
faustian bargain's picture

Was trading halted? Why? Was it before or after the numbers announcement?

Tue, 01/18/2011 - 17:38 | Link to Comment slow_roast
slow_roast's picture

After...apparently once numbers were released everyone at Goldman ejaculated simultaneously and flooded downtown Manhattan with semen....clean-up crew on the way.

Tue, 01/18/2011 - 17:54 | Link to Comment TooBearish
TooBearish's picture

Maria puddled a gusher on AAPL blowout news, mop crew to CNBS set stat....

Tue, 01/18/2011 - 17:57 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

you still watch that channel?

Tue, 01/18/2011 - 17:56 | Link to Comment The Rock
The Rock's picture

Shame on them for flooding the WTC area!

http://tinyurl.com/69f2wdj

Just like our government and our Zi0nist masters (U.S.I.), nothing is beneath them...

Tue, 01/18/2011 - 17:36 | Link to Comment zoogle
zoogle's picture

How do you like the 'Jobs has a cold' shakeout from a couple of days ago now? Sheep fleeced by the bankers for the umpteenth time.

Tue, 01/18/2011 - 17:37 | Link to Comment Prof Gulliver
Prof Gulliver's picture

Blew the doors off. Nasdaq 3K this week, maybe tomorrow.

Tue, 01/18/2011 - 17:37 | Link to Comment Robert Neville
Robert Neville's picture

Wow! They are selling assload of I crap. Now if they only sold somthing you really need.

Tue, 01/18/2011 - 17:40 | Link to Comment faustian bargain
faustian bargain's picture

iFood

Tue, 01/18/2011 - 17:50 | Link to Comment DaveyJones
DaveyJones's picture

ifuel

Tue, 01/18/2011 - 17:56 | Link to Comment faustian bargain
faustian bargain's picture

iJobs

(guess those are only for the export market)

Tue, 01/18/2011 - 18:06 | Link to Comment sodbuster
sodbuster's picture

iSex

Tue, 01/18/2011 - 18:07 | Link to Comment AccreditedEYE
AccreditedEYE's picture

iMiddle-Class-Prosperity

Tue, 01/18/2011 - 18:17 | Link to Comment Ratscam
Ratscam's picture

iPeace

Tue, 01/18/2011 - 20:52 | Link to Comment Hulk
Hulk's picture

iHeart

Tue, 01/18/2011 - 17:58 | Link to Comment The Rock
The Rock's picture

iSugar

Tue, 01/18/2011 - 18:07 | Link to Comment TheProphet
TheProphet's picture

iFuck

Tue, 01/18/2011 - 18:07 | Link to Comment TheProphet
TheProphet's picture

iHandy

Tue, 01/18/2011 - 18:13 | Link to Comment iDealMeat
iDealMeat's picture

i'M in..

Tue, 01/18/2011 - 17:39 | Link to Comment Wynn
Wynn's picture

Fork Apple. What's the price of actual apples?

Tue, 01/18/2011 - 17:39 | Link to Comment rufusleaking
rufusleaking's picture

What a surprise!  Good time for Jobs to take a break....think they thought of that?   Blow out numbers...Don't worry. What a nice little gift.  

Tue, 01/18/2011 - 17:42 | Link to Comment Rogerwilco
Rogerwilco's picture

AAPL 3 for 1 split coming soon.

Tue, 01/18/2011 - 17:43 | Link to Comment monopoly
monopoly's picture

And the energizer bunny goes on and on and on and........

Tue, 01/18/2011 - 17:44 | Link to Comment scatterbrains
scatterbrains's picture

They timed that Citi miss just perfect. They may even be able to let WFC increase loan loss reserves now.

Tue, 01/18/2011 - 17:45 | Link to Comment youngman
youngman's picture

I just hope we can get some other business news tomorrow....its was all Apple today..nothing but Apple....isn´t there a Muni failure somewhere...or an European country in need of a bailout....

Tue, 01/18/2011 - 17:45 | Link to Comment thepigman
thepigman's picture

Sell on the spike. It's all about Jobs....wouldn't

touch AAPL without him. Last American

business hero.

Tue, 01/18/2011 - 17:52 | Link to Comment thepigman
thepigman's picture

There it is. Nice job, Steve. And fuck all

the pretenders in this country who rode

on your back.

Tue, 01/18/2011 - 17:54 | Link to Comment thepigman
thepigman's picture

Yeah, your whole team is qualified

to carry on. Bullshit.

Tue, 01/18/2011 - 17:59 | Link to Comment SheepDog-One
SheepDog-One's picture

Looks like the MM's used that to kornhole the Apple fanboys....pretty brutal looking after hours down $20 in minutes?

Tue, 01/18/2011 - 18:07 | Link to Comment thepigman
thepigman's picture

This was a guy that actually deserved to be

successful. 1 in 300 million. And I ain't

no fanboy of Gates or Buffett.

Tue, 01/18/2011 - 17:59 | Link to Comment thepigman
thepigman's picture

Hope you beat the odds and recover, Steve. You were the

real deal.

Tue, 01/18/2011 - 17:46 | Link to Comment e_u_r_o
e_u_r_o's picture

Mish is a guest today on P.Schiff show

Tue, 01/18/2011 - 17:53 | Link to Comment Horatio Beanblower
Horatio Beanblower's picture

I was listening two nights back when Ellen Brown was his guest.  Schiff ripped her a new one.  The interview should be on his site somewhere - http://schiffradio.com/

Tue, 01/18/2011 - 17:47 | Link to Comment g3h
g3h's picture

AAPL estimate is always a joke.

Tue, 01/18/2011 - 17:56 | Link to Comment plocequ1
plocequ1's picture

I wish Steve Jobs all the best and a speedy recovery. He is truly a great man. Get well soon Doctor Jobs

Tue, 01/18/2011 - 18:14 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Everyone does.  Well, maybe not the guy on the waiting list who Steve jumped ahead of to get that liver.

Tue, 01/18/2011 - 19:23 | Link to Comment Hephasteus
Hephasteus's picture

He's dead so no complaints from him.

Tue, 01/18/2011 - 17:56 | Link to Comment Mudflap
Mudflap's picture

There she blows! AAPL up a little as soon as they reopened trading.  Falling back right away...

Update: Took less than 5 minutes to fall back below yesterday's close.  SELL THE NEWS!

Tue, 01/18/2011 - 17:51 | Link to Comment RobotTrader
RobotTrader's picture

Unreal.  Both IBM and AAPL going wild after hours.

Tue, 01/18/2011 - 17:55 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

small "w"

Tue, 01/18/2011 - 18:00 | Link to Comment SheepDog-One
SheepDog-One's picture

Yep Robo Apple goin wild after hours, just shed $20.

Tue, 01/18/2011 - 18:01 | Link to Comment FredHayden
FredHayden's picture

Really small "w".  AAPL is almost unchanged from Friday's close (although up from this mornings low).

Tue, 01/18/2011 - 18:07 | Link to Comment mule65
mule65's picture

Real.  Up 1.5% AH is wild?

Tue, 01/18/2011 - 17:53 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

so just let me make sure i get this...

Apple, the current darling of wall street that continues to turn out IShit that is manufactured abroad at sub-dirt wages and the increasingly not purchased by broke ass american citizens is now somehow, apparently from the incessant coverage, going to lift a bankrupt nation  out of its escalating economic collapse by itself????

can we drop this Apple bullshit....please....

 

Tue, 01/18/2011 - 18:00 | Link to Comment tunaman4u2
tunaman4u2's picture

For all those that complain about slave labor & unfair profits to "the man" AAPL is the tops. Clever marketing is the only difference between BAC & AAPL.

BAC took advantage of US taxpayer, AAPL Chinese worker

Tue, 01/18/2011 - 18:03 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

aint no'body complain'n to the fuckin man about anything...

no complaints necessary when u got close to 50 mill on food stamps, 1 n 5 homes n default or forclosure, city's shutting down half their schools, and others layin off their police forces...

who gives a fuck about an I -Whatever the fuck unless it can stop the bullets of broke and pissed off citizens who r starving and looking to shoot ur I-Ass off...

some of u mothers fuckers just dont get it...but u will very soon....

Tue, 01/18/2011 - 18:24 | Link to Comment DonnieD
DonnieD's picture

That would be an iShield. Coming soon to an Apple Store near you.

Tue, 01/18/2011 - 18:02 | Link to Comment The Rock
The Rock's picture

Yeah, but at least the iShit was designed in California.  :-P

Tue, 01/18/2011 - 17:52 | Link to Comment FoieGras
FoieGras's picture

I smell bear steak, medium rare.

Tue, 01/18/2011 - 18:01 | Link to Comment SheepDog-One
SheepDog-One's picture

Really? Looking at Apple after hours looks more like bull balls roasting over an open fire.

Tue, 01/18/2011 - 18:13 | Link to Comment spongeBOB
spongeBOB's picture

AAPL is great company with great products and it has a cult like following but the stock has more than doubled in the past 2 years and with the steve jobs news the risk is more to the downside. The 190 or so hedgfunds will use any spike to get out.

Tue, 01/18/2011 - 18:25 | Link to Comment bingaling
bingaling's picture

I completely agree with that statement . Some will get out and some may buy the dip . mass exodus is a small possibility but still a possibility .

Tue, 01/18/2011 - 17:53 | Link to Comment All_Is_Well
All_Is_Well's picture

There's no more need for QE2! Hurray!

Tue, 01/18/2011 - 17:55 | Link to Comment A_MacLaren
A_MacLaren's picture

AAPL and IBM

Happy Happy Joy Joy

http://www.youtube.com/watch?v=ABWyXKT5qt4

What's that smell?  A blow-off top?

Tue, 01/18/2011 - 17:58 | Link to Comment unwashedmass
unwashedmass's picture

 

its looking like a sell the news. probably should. next earnings the economic "recovery" fantasy will have exploded on Bennie boy....not going to get as good as it is now, and jobs may be permanently gone.

Tue, 01/18/2011 - 17:59 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

AAPL is RED now. Their outlook was $4.80? GTFO. RED now. LOL 

Tue, 01/18/2011 - 18:00 | Link to Comment sodbuster
sodbuster's picture

We are in full recovery mode!!!- cause people are getting lots of new shiny, plastic, Chinese crap. Always a good sign!! BTFD!!! Life is good! The Bernank is God!!

<Sarcasm off>

Tue, 01/18/2011 - 18:00 | Link to Comment DaBernank
DaBernank's picture

Bought the dip this AM @ 331.

BTFD!

Tue, 01/18/2011 - 18:01 | Link to Comment Bruno the Bear
Bruno the Bear's picture

Even GOOG is up a little under 3% for the day.  Life is good I guess.50

Tue, 01/18/2011 - 18:01 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

Of course they give weak guidance. How else can they beat next quarter? Duh.

Tue, 01/18/2011 - 18:04 | Link to Comment unwashedmass
unwashedmass's picture

 

nobody is going to beat next quarter. gas is well over three bucks a gallon. where the peasantry is supposed to get the money to buy all this crap to produce great earnings is a complete mystery.

oh, and let's not forget, not every town is Camden. Most towns are going to try and raise taxes dramatically to maintain their bureacracy .....

Tue, 01/18/2011 - 18:04 | Link to Comment unwashedmass
unwashedmass's picture

 

nobody is going to beat next quarter. gas is well over three bucks a gallon. where the peasantry is supposed to get the money to buy all this crap to produce great earnings is a complete mystery.

oh, and let's not forget, not every town is Camden. Most towns are going to try and raise taxes dramatically to maintain their bureacracy .....

Tue, 01/18/2011 - 18:21 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

U -

i said the same thing above n not so polilte terms and some bitch ass coward junked...not that i care but just another example of how Zero is increasingly being overun with more sheeple...man its sad....

Tue, 01/18/2011 - 18:02 | Link to Comment orangedrinkandchips
orangedrinkandchips's picture

A SORE DICK: a feat that is so tremendous that you simply cant beat it... these earnings are a sore dick....hard to beat it unless you got some pain killas.

Tue, 01/18/2011 - 18:02 | Link to Comment SheepDog-One
SheepDog-One's picture

Guidance call was poor, after hours bulls took a broom handle right up the keester.

Tue, 01/18/2011 - 18:09 | Link to Comment thepigman
thepigman's picture

They're nothing without Jobs. They

were nothing when he was absent.

Tue, 01/18/2011 - 18:12 | Link to Comment SheepDog-One
SheepDog-One's picture

All about Jobs, and they just had their good numbers. Bdee bdee bdeee thats all folks!

Tue, 01/18/2011 - 18:34 | Link to Comment thepigman
thepigman's picture

Well, from here on in, they can sling
it all they want. It is a rarity to
put together vision and execution
as Jobs did. Buffett, not lately. Gates, nope.

Tue, 01/18/2011 - 19:18 | Link to Comment all_in_now
all_in_now's picture

Hey Piggy, could you pull your head out of this guy ass just for a second to get a gulp of fresh air?

Tue, 01/18/2011 - 18:02 | Link to Comment johnnymustardseed
johnnymustardseed's picture

Who cares it is all shit made in China. Except they do use a lot of silver to make it.

Tue, 01/18/2011 - 18:02 | Link to Comment Sudden Debt
Sudden Debt's picture

If Apple ever goes above 400, I'll short it with everything I've got.

It's just surreal.

21% profit margin makes it 5,6 billion profit.

PE 1.184

I never really followed Apple but I see no dividend is given. Is this right?

Tue, 01/18/2011 - 18:09 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

I-Eye...

Tue, 01/18/2011 - 18:11 | Link to Comment SheepDog-One
SheepDog-One's picture

Apple a couple years ago was $8? This is just stupid bubble BS.

Tue, 01/18/2011 - 18:35 | Link to Comment thepigman
thepigman's picture

This guy actually deserved his bubble.

Tue, 01/18/2011 - 18:03 | Link to Comment DavidC
DavidC's picture

Yup, and ABC News Consumer Confidence comes in at -43, previous -40. It's a recovery.

DavidC

Tue, 01/18/2011 - 18:11 | Link to Comment Sudden Debt
Sudden Debt's picture

APPLE IS WORTH MORE THEN BELGIUM!!!!

WTF!!!

 

Belgium

GDP : $394.9 billion (2010 est.) 3 million government EMPLOYEES. DEBT = 97% OF GDP   APPLE: Value : 313.75 billion £46.600 EMPLOYEES.
Tue, 01/18/2011 - 19:54 | Link to Comment Hephasteus
Hephasteus's picture

You guys need to just lie. Say your fabulously wealthy will billions of tax payers. It's working for Greece. Ok bad example. It's working for apple.

Here. Also jazz it up. You don't have taxpayers and industry. You have incredible super fantastic tax payers.

Just don't use magical and incredible too much. Someone may call ya on it.

http://www.crunchgear.com/2010/02/01/apples-subtle-subliminal-message-du...

http://www.youtube.com/watch?v=waacof2saZw

Tue, 01/18/2011 - 18:10 | Link to Comment toros
toros's picture

What do the Belgium sell??

Tue, 01/18/2011 - 18:14 | Link to Comment Sudden Debt
Sudden Debt's picture

Actually:

 

Weapons, some of the best in the world. We the supply the Israel army, US army...

Bio engeneering : Top 3

Electronic developpement : Top 4

Pharmacy: Top 3

Diamonds: Nr. 1

Corruption: Nr. 2

Tue, 01/18/2011 - 18:46 | Link to Comment Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Please don't understimate yourselves. What about Beer? Some very nice beer.

Nice beer, nice guns.

Tue, 01/18/2011 - 18:23 | Link to Comment whatz that smell
whatz that smell's picture

if you're a speculator, yee-hah. if you're a human being, die. somewhere between turd ferguson and the chumbawanba you will find the thing you seek.

Tue, 01/18/2011 - 18:21 | Link to Comment dirtydroog
dirtydroog's picture

central african turmoil

Tue, 01/18/2011 - 18:11 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

Where's Reggie???????????

Tue, 01/18/2011 - 18:13 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

I do like the iPhone. Once you get past all of the cutsey puppydog apps and other useless shit, there is some good stuff, particularly in the music making genre. There's some apps that are really useful music making packages, that aren't toys. I'm pretty excited about a few of them. The music industry is really starting to embrace the platform.

That's not to say that Android couldn't do it, or even better, I'm sure that eventually they will. Right now apple really has it down when it comes to delivering the apps to your phone cheaply and reliably.

As for the coming year, I'm not sure what they've got that would give them a repeat performance. I think you'll either have minor cosmetic iPad or iPhone tweaks, minor software or performance tweaks. If they bring something out that blows the current iPhones out of the water in performance, it would appeal to power users, but there's no way they can get millions of people to make a major upgrade this soon.

I think 2011 will have the competition really nipping their heels. They've blown their wad.

Tue, 01/18/2011 - 18:17 | Link to Comment Sudden Debt
Sudden Debt's picture

From a marketing standpoint, the Iphone is nearing it's end of it's lifecycle.

Ipad isn't doing what was expected.

Competition IS EVERYWHERE.

 

THE HIGHER YOU CLIMB....

Tue, 01/18/2011 - 19:11 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

well, from a selling standpoint, the iPhone is kicking ass and the verizon sells the iPhone next month and the iPad is doing what is expected.  They were looking for 7M in sales.

 

 

Tue, 01/18/2011 - 19:24 | Link to Comment DaBernank
DaBernank's picture

I'm not a believer but hey, don't fight the tape. They sold lots of iThings, great, I'll make a couple of grand off the stock and get out tomorrow. Just another day in QE play land.

Tue, 01/18/2011 - 18:18 | Link to Comment Mudflap
Mudflap's picture

Competition will now have to compete with greatly reduced IShit prices, me thinks... 

Being first is the gift that keeps on giving.

Wed, 01/19/2011 - 04:01 | Link to Comment Sudden Debt
Sudden Debt's picture

Phillips, IBM, NCR... they all used to be great innovators.

IBM is the only one that made a recovery after it went to the gutters.

Tue, 01/18/2011 - 18:19 | Link to Comment Ham Wallet
Ham Wallet's picture

Unemployed people have ten different ways to access the internet.  Hooray!

Tue, 01/18/2011 - 18:23 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

exactly...

now off to the I-Shelter for the night...

Tue, 01/18/2011 - 18:26 | Link to Comment whatz that smell
whatz that smell's picture

iWin, uDie.

Tue, 01/18/2011 - 18:39 | Link to Comment buzzsaw99
buzzsaw99's picture

From now on when I see someone with one of those "Will Work 4 Food" signs the first thing I'll ask them is if they now, or at any time in the past, have ever owned an "i" anything. If the answer is yes I plan to point and laugh.

Tue, 01/18/2011 - 18:57 | Link to Comment JP McManus
JP McManus's picture

So when is Maxine Waters going to demand a windfall profits tax on AAPL?

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