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Apple Beats Earnings But Misses On iPhone Sales, Guides Sales Lower: Stock Tumbles
So much for the only silver lining in Q4 and Nasdaq leadership from AAPL. Moments ago AAPL reported results which beats on the top and bottom-line, reportined revenues of $57.6 billion in line with the expected $57.5 billion, and EPS beating modestly at $14.50 vs Exp. $14.07 mostly thank to the retirement of 46 million diluted shares from a year ago. However the good news ended here, with the one thing the market was focusing on - iPhone sales - missing badly, as the company only sold 51 million iPhones in the quarter of the 5S release, compared to expectations of 54.7 million. Additionally, Apple also guided to lower revenues than the street had expected, and is now seeing $42-44 billion in the next quarter compared to consensus estimates of $46.1 billion and for all those calling for the demise of the US consumer - you may be right: AAPL Americas revenue declined by 1% from a year ago, when AAPL also had a new product launch. Is AAPL's largest market starting to say "meh"?
Putting all this together, and the stock is down about 5% in the after hours session as the market is less than happy with yet another quarter of AAPL. But nobody is less happy than Carl Icahn who is now underwater on his latest $1 billion in widely trumpeted on Twitter AAPL purchases.
Breaking down AAPL's results visually: Revenues.
Margins:
And most importantly, the breakdown by component sales:
Finally the one thing Carl Icahn will be fixated on - cash and marketable securities - rose by $12 billion in the quarter.
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Ouch! Icahn's $3 billion no-brainer stake gets a margin call.
Apple becomes applesauce.
And now i-crap is missing in this shiny economy? where is that bearded Boo Yaaa guy?
Samsung killed Sony, and U.S. prejudicial court rulings against Samsung notwithstanding, Samsung will kill Apple.
Apple is a pure commodity seller now. It might as well sell blenders & toasters.
Shit, even Microsoft Windows8 phones are beating iShit phones in many areas of Central & South America.
Apple should merge with Dell - Depple.
Well said! In Central and South America, they can get parts - new or used - on the cheap for non-Apple phones. Apple minus Jobs equals Dinosaur.
10Y Apple chart; ~4700% increase:
https://www.google.com/finance?q=NASDAQ:AAPL
10Y Gold Chart; ~300% increase:
http://www.kitco.com/charts/popup/au3650nyb.html
Glory fukkin' days. Xerox, Kodak, Polaroid, HP, AOL, Qualcomm, Yahoo, Blackberry, Motorola, Sears, Sun Microsystems, etc., etc., etc.
Great news for Carl Icahn as the iPhone 5c + China Mobile validates Tim Cooks insanely great strategy.
Oh wait.
Apple minus Jobs = a fucking disaster... Again.
10 years in the tech market is like a hundred years in other times. Try 18 months ago: aapl down 20% (now 25%) msft up 20%
I'd much rather have a tube of 25 Canadian Maples than 1 share of Apple.
Drapple?
They could merge with Gateway, too - AppleGate
*p.s. I mentioned Samsung, but there a ton of other companies like HTC that are equal to or better than the now commodity producer that is Snapple...err Apple.
Cue the "Price is Right" losing horns....
http://www.youtube.com/watch?v=1ytCEuuW2_A
Crapple is finding out that there are fewer American citizens that can afford their toys. A tough reality for the applebots to suck on.
WHO CARES - DIDNT YOU GUYS HEAR THAT YELLEN'S HANDING OUT FREE MONEY SO STOCKS MUST GO UP???? BUY BUY BUY BUY!!!!
Ok phew got it out of my system - yeah i'm actually going to keep on converting my cash for some physical gold and pretty much shorting the system...
MONKEYHAMMERED on huge volume down.
Is this the Big Kahoney?
We need the ObamaiPhone, then. If it's going to be taxpayer funded, might as well be the 5s
iObamaNSAdEBTfone
TIS,
"*p.s. I mentioned Samsung, but there a ton of other companies like HTC that are equal to or better than the now commodity producer that is Snapple...err Apple."
not to say that an army of Chinese makers are rapidly approaching, closing the gaps - http://www.gizchina.com/
And here's one of the latest rising stars:
ZTE Nubia Z5S LTE 64GB now supports 4G LTE (Long Term Evolution)!
Snapdragon 800; 2GB RAM; 5" FHD 1920x1080 440.6ppi; Corning Gorilla Glass (OGS); 13 MP OIS F2.0 Aperture main camera & 5.0 MP; 137.7 x 68.8 x 7.6mm; and one of the killer feature of the Nubia Z5S LTE is it’s support for various cellular network: CDMA, EVDO, GSM, WCDMA, 4G LTE...
Out now!
Yup, said it in the other thread. Either Cook needs to go, and they need a wunderkid who can reign in Johnny Ive's unnecessary legacy building or return the cash. What are the engineers doing exactly. What are they spending 4B in R&D/year for the last 3 years ? Carl was right. The more they struggle to squeeze margins in Jobs product lines the more this company will prove to be RIM circa 2009. WWDC already is confirmed to have zero product innovation, unless the vapourware iWatch & iRing are announced. But don't bet on it as proven in the shit guidance.
Tech needs about another 10% down leg. The premiums media and software companies are being paid for growth imply the go-go days are long overdue & done without a new transistor revolution. But to do that, one requres better battery tech, which is impossible given our current factor costs/IRR & physics.
A sony/apple merger is best at this point, or a Nintendo white knight; but Quatrone prob, has pitched all this already.
Come to think of it, if the IMF were to ask Apple & Google to "donate" their cash to the EU it would greatly help out the Obama economy.
4Q airlines & video game makers should be illuminating tomorrow.
The iToaster ? Only $750
to add to matters... Google and Samsung just announced a partnership on patent licensing...
http://online.wsj.com/news/articles/SB1000142405270230327770457934579138...
What'd you expect...Chinese go to bank to get money to buy iPhone.
Teller says no iPhone for you!
You win some, you lose some, Carl.
Just like Fat Tony in the Simpsons, Icahn says to Tim Cook: "I don't get mad, i get stabby". Tim Cook should make a run for it!!!
more like an Appliance.
Carl should demand a "Harley Davidson Edition" I-phone.
http://www.youtube.com/watch?v=Bpw9vTORlSk
Nice to see I-Con get it stuck to him.
Carl iCon just tweeted:
- Had lunch with Tim Cook today. He's on board w/a trillion $ buyback.
Love it where Satan like Icahn is loosing i-money. He can i-tweet all he wants right now from his i-crap...
I'd hope the old scumbag is having an aneurism right now, but was probly selling hand over fist the whole time anyway.
That's funny
Wishing someone an aneurism.
Do you think any of them think any differently about you or me?
Probably not; but betcha they can't spell aneurism.
starting the long multi year roller coaster ride to hell
Okay here's a clue Apple and this one's on me....... Bigger fucking screen, not just more of the same. Oh and tell iCan't to bugger off.
How about an iPhone Air? Bigger screen, the iPhone has the biggest screen-to-volume ratio since the Nokia 3210.
Yeah but then the kids won't be able to fit the bigger phone in their skinny jeans
The iRoaches are scrambling<>
S&P 500 1,778.40 1,781.56 1,781.9 0 1,777.20 [-3.16 ]-0.18% 21:53:Fuck you Icahn...
what confirms that Icahn is net long? i speculate he is net short. who puts on a $1b trade and tells everyone.
what everyone else knows, is not worth knowing.
trade your own ideas, not someone elses.
My i-Phone just stopped dispensing magic skittles. What gives?
Wake me when it "tumbles" back to $100 a share. This is simply more profit taking. We can do that, at least until "selling" is outlawed.
So who are all the greater fools sucking up the wises 'profit taking' here after hours? Doesn't add up.
Fund/pension managers who can't trade during the day, but rather place orders during the day and excute the order at the close.
Pensions still need "returns", or so I have been told. What I want to know is what they will buy next.
Assist the NSA in spying on your customers and pay the price:
The NSA Reportedly Has Total Access To The Apple iPhone“DROPOUT JEEP is a software implant for the Apple iPhone that utilizes modular mission applications to provide specific SIGINT functionality. This functionality includes the ability to remotely push/pull files from the device. SMS retrieval, contact list retrieval, voicemail, geolocation, hot mic, camera capture, cell tower location, etc. Command, control and data exfiltration can occur over SMS messaging or a GPRS data connection. All communications with the implant will be covert and encrypted.”
“Do you think Apple helped them build that?” Appelbaum asks at one point in his talk. “I don’t know. I hope Apple will clarify that… Here’s a problem: I don’t really believe that Apple didn’t help them."
http://www.forbes.com/sites/erikkain/2013/12/30/the-nsa-reportedly-has-t...
Those fucks have the same for everybody and everything.
Quit speculating upon the breadth of their information collection capabilities.
If it's connected even peripherally to the ether-space, they own it.
Lock, stock and barrel.
Pre and post encryption, typed but not sent...
Viewed securely even via TOR, etc.
They Own It
Now here's the sad part.
That means they already know about every last cent of money laundering, financial malfeasance, cyber crime, wire fraud, you name it
Every last event on the fucking planet Earth.
And they will come get you, peasant, not the real malefactors.
Sometimes Paranoia is Correct
They hate you because you exist is a great starting point
And still the morons line up for new phones.
If somebody hates you for no reason, you give that motherfucker a reason...........
Apple: the stock pick of an amoeba
iFail
By the way Nasdaq was acting all day, the report was already leaked.
What isn't leaked?
At my age I leak all the time.
Mrs P says she can't take me anywhere anymore.
Probably has more to do with my benavior than tinkling my pants....
Hah .....muppets will be camping out to buy Wearables I, II and III while Icon loots the cash. Screaming Bullish !!
Uh, he expects iPad sales to drop only 1M units from the strongest consumber quarter (Q4) to the weakest (Q1)?
The last 3 years Q1 iPad ships fell 36%, 23%, 15% respectively. There's lots of hopium in his Q1 numbers.
Jobs' ghost. For if Steve Jobs were around to witness carly ichan't's shenanigans he would booby trap the place - absolutey torch it - scorched earth.
He didn't have to booby trap. It is a machine that only he could pilot. You can paint Van Gogh by numbers, but you can't call yourself a master, or even an artist for that matter.
looks like the Reality Distortion Field can't cheat Death after all.
Hmmm....seems its time for another iCahn lunch with the B.O.D. over at Apple! Maybe instead of the gay 'iWearables, they need actual iEdibles!
If I never hear about iCrap again, it will be too soon.
Tomorrow just got interesting in the global markets.
So not a growth stock anymore? A 3% div yld would put AAPL shares at $406. They could always expand their product line into useful cruise ship attire.
http://www.amazon.com/Dupont-Yellow-Chemical-Protection-Coveralls/dp/B00...
They should have an iDildo shaped like Steve Jobs' dick so Apple fanboys can go fuck themselves
I'm sure there's an app for that.
Go HTC!
If Apple starts manufacturing in the US I don't see how they will find enough Chinese laborers here.
99x2... yuk yuk
Just sprinkle a small trail of MSG, Hansel and Gretal style
Dammit, APPLE Sheeples go help the company , buy more crap till you are fucking broke
Not trying to be a dick, but isn't $12 billion in profit for 3 months a good thing? That's 800 quarters of profit for Amazon and Neflix!
It cool alright < but I still have no idea what any of these momo honey stawks should be properly priced at going foarward > High command has ordered that GAAP is accounting kryptonite now ..to be avoided at all costs.
What, you seriously thought the MOMO's are built upon fundamentals and honest accounting?
looks like icahn is dumping.
Doesn't look like the earnings call is going much better. Down another 3% after the call started.
But, but, but AAPL is gonna have a 4.5" iPhone screen this year! Only 3 years behind Samsung!
can give yo 158.8 billion reasons to like .. supply chain issues can be resolved
Time for new colors! Chrome? Sepia? Faux Stainless? Make it happen iCahn and call the CEO. It's a no brainer!
Tomorrow I should receive a free iPad Air complete with the Verizon monitoring system and NSA backdoor. My eyes are too old to read ZH on my iPod4 anymore. Never went into my pocket for either, both freebies plus another iPad for a relative last year. Their falling off the United Mileage awards tree.
I wish I would have bought the stock back when Forest Gump and Lt. Dan did.
How are iPad AIR sales? That's the product that should have fared the best.
I-Cahn c**t
I-Cahn c**t
You can forget India.... smuggling 3,000 kg gold a month (3 tonnes) according to Finance Minister (I'll take the over please, Alex)... no money to buy apples.
Smartphones are a pain in the ass but Android and the Samsung Galaxy line are potentially forming a "Word vs. WordPerfect" tag-team smack down.
http://www.theoligarch.com/images/graph_word_market_share.gif
(Part of a very interresting article "A Short History of the GUI and the Microsoft vs Apple Debate".)
Links open in new window/tab.
My maff skills say almost 10% down now.
"AAPL Americas revenue declined by 1% from a year ago, when AAPL also had a new product launch. Is AAPL's largest market starting to say "meh"?"
Math question: How long does it take for a one year product launch cycle + a two year product contract cycle model to disappoint? Throw in the fact that the launch cycle this time around was essentially "Look, new colors!" and recalculate.
Frankly, I'm surprised the sales were as good as they were. Just sayin'.
An advanced level human accounting dweeb might have figured out how to channelstuff on future orders knowing future guidance is negative. But I seriously doubt it.
"if you want your Apple, you can keep your Apple."
"if you like your iOS 6 colors, you can keep your iOS 6 colors."
Actually, you can't. Once you upgrade to ios7, there's no way to go back, which pretty much rendered our 4S useless.
Apple has more cash reserves than all of the TBTF banks combined. And Tim Cook? Warren Buffett will hire him if Apple don't want him.
"Analyst asks about stock buy backs. Cook reiterates he's a big believer in buying back stock, whether it goes up or down"
Samsung gives good phone.
Apple gives good phone.
More unhappy customers. This is just the start, hey days for AAPL are gone.
https://discussions.apple.com/thread/5359445?start=0&tstart=0
Google.
buy Crox...Crapple
AAPL support levels for tomorrow
http://citdates.blogspot.com/
Furthering Apple's trouble is that iPhone and iPad launches in fall 2013 were nearly simultaneous around the globe, unlike 2012 and 2011 where roll out was much more staggered. I expect the next two quarters are going to also underperform.
I guess those 12 people that stood in line for a new iphone in Beijing weren't counted.
Oh Carl....cry me a river baby!!! LOL
Carl sez: "Thanks muppets, for buying my dump. Smell me later."
Apple is in real trouble. Since Jobs' death they have been focused on defending margins and losing market share in the process. They have done nothing revolutionary. Recent revelations have the platform being as compromised as the Android platform in terms of security (which still, even after all this time leaves Blackberry and their Q/Z series phones as the only really secure option for corporate or personal mobile communications).
Eventually all this is going to put them back in the same position they were in in the early 90s where the Mac represented such a small space in the marketplace the company nearly died. The improvement in the capabilities of Windows with the release of 98 and XP had a lot to do with that. The improvement in the capabilities of Android along with better hardware has a lot to do with the present situation.
The Microsoft / Windows 8.1 / Surface platform with its detachable keyboard/tablet combination has already taken the next step that the iPad / Macbook platforms should have taken a long time ago. Heck, even Ubuntu/Unity is better positioned than Apple for the next 5 years (if they could just actually get people to manufacture and release tablets with that OS on them...)
"Bail ins are immoral. WE CAN'T DO THIS!!"
"it is our only choice....it is either us or them."
"It is wrong, I'd rather fail this bank then take that measure."
"Come here. Gaze upon this fine city, which WE created....(push).......................distant splat....
mumbles..."SOB. never was much of a banker anyway....."