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down we go. awful

Oct 21, 08 - 03:49 pm Comment from: Wandering joe

What'd I say, huh, what'd I say? I should be an analyst... ooooh yeah, big money here I come.... not

"Quarterly iPhone units sold were 6,892,000 compared to 1,119,000 in the year-ago-quarter."

That was quarterly? so how many iPhones has been sold totally until now?

Is this where wall street goes, APPLE BEAT EXPECTATIONS?!?!?!? SELL SELL SELL. Seems for last year every time apple posts amazing earnings, they wind up down 10% the next day. Maybe they should use reverse psychology, give away macs to 40% of the population, post miserable earnings and boost their stock dramatically.

Oct 21, 08 - 03:55 pm Comment from: jarrettdailynews

This is great news, I went to an all cash position in March of this year. Thanks to the market, and the ignorant, I will be able to buy AAPL, RIO, TIN, BRCM and a host of others at a huge discount. I might even be able to get AAPL at a 75% discount. I can not explain enough how great our country is.

...said Steve Jobs, Apple’s CEO "...And $25 billion of cash safely in the bank..."

Err...

Oct 21, 08 - 04:02 pm Comment from: Macromancer

Queue the negative headline on thestreet.com in 3...2...1...

Oct 21, 08 - 04:03 pm Comment from: Scott

So based on this quarter compared to year ago, that accounts for 8 million iPhones. Remember when everyone said no way they would sell 10 million by the end of 2008? Those were the good ol days!

Why is their after-hours trading halted?

Oct 21, 08 - 04:04 pm Comment from: Crazylegs

You should adjust iPhone numbers for the fact that they stopped selling the original iPhone 2 months ahead of the 3G launch. There was a lot of pent up demand. Still an awesome performance but as usual the sandbag hits hard. Seriously, why even issue guidance when you say you'll make between $1.06 and $1.35 per share for the quarter. That is meaningless. The stock will trade randomly but anyone who invests and doesn't trade should buy this stock. Best quote from Steve: "We have $25 billion cash safely in the bank." What a different story from 10 years ago!

"“Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone—we sold more phones than RIM,” said Steve Jobs, Apple’s CEO, in the press release. “We don’t yet know how this economic downturn will affect Apple. "

The downturn in the economy won't have as large an affect on AAPL as the ANALysts will. Apple gives guidance (although a range this time) and sticks to it whereas above referenced anal sphincters will float hither and yon with "revisions", just like they always do trying to make themselves look good come next earnings call. I still think no guidance at all or, as I said once before, simply "guess!" might have been the best course to take if for nothing else but to see what the reaction from The Street would be!!

there is no true relation regarding company performance and AAPL stock. Depending on the action tomorrow, buy AAPL if it opens down hard (doesnt seem likely)... or wait for late November to buy. AAPL goes up on hype/buzz, although the facts (earnings report) do support the hype. By the time the earnings report comes out, it is too late. If anything, RIMM (Blackberry) is in trouble... and the notice how it is also priced into its stock during earnings. That exemplifies how AAPL acts in its own bubble. Another example was the rumor of an $800 laptop, stock jumped.

Spectacular results! In fact it means that to date Apple have sold 13M iPhones!

2007 Q3 0.27
2007 Q4 1.12
2008 Q1 2.32
2008 Q2 1.70
2008 Q3 0.71
2008 Q4 6.89
Total Iphone 13.00

Any idea how many iPod touch devices they have sold? I am curious as to what is the potential market for App Store developer (i.e., # iPhone + iPod devices in use)?

Oct 21, 08 - 04:35 pm Comment from: MaLvado

Obama needs to grab Apple's $23B and spread that to the poor! Apple should be ashamed!!

The gross margin really helped them on the EPS front. The higher GM has been helping them a lot for some time now.

Great iPhone sales as the S/N trackers predicted (7M). iPod sales remains a mature business that generates lots of cash without much investment required (as far as I can tell).

It's hard for me to see Mac sales hitting high estimates with the economy as it is, but as SJ says, Apple customers will defer purchase rather than switch.

Crummy forecast as usual, but I agree with MDN that a range makes a lot more sense than a number.

I think the stock is likely to remain rangebound (along with the market), but certainly we all can agree the company is very well positioned to grow well when the economy rebounds.

MaLavado:

Don`t give him any ideas. That communist will do it in a blink.

“Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone—we sold more phones than RIM."

They sure did.

You could get an awful lot of Firewire ports for $25 billion!

Sorry, sorry I know, couldn't help it mentioning it!

@ Frank

And the REPUBLICANS handing out $850 BILLION, "investing" in Banks, car companies and private companies ISN'T Communism or Socialism?!?

wtf, get your head out of your arse, dude

McCranky & Paleone gonna go back to their day jobs Nov 5th.

Oct 21, 08 - 05:01 pm Comment from: Arnold Ziffel

One could also buy a lot of floppies with $25 billion.

Oct 21, 08 - 05:06 pm Comment from: Think

@ MaLvado

Oh sure, punish the hard work by Apple when they were almost bankrupt.

When I was in college, I wish they could could have done the socialist thing. It would be great.

Party all the time, blow off classes, then at the end of the quarter get the guy who got straight A's to give you 2 points and you all get C's. What a deal!

Dumb ass socialists. Didn't work in Russia or East Germany.

How's Cuba doing?
Any computers being produced there?

Families moving to better houses and bigger yards, buying a second car?

If you like socialism so much, move to one of those countries. See how long you last.

Oct 21, 08 - 05:11 pm Comment from: Arnold Ziffel

@Frank,

Why don't you call him a fascist, Nazi-sympathizer, as well while

you're at it?

The McPalin campaign is doing nothing but name-calling. Seems

pretty junior highish to me.
___________

As for Apple quarterly profits and guidance, there's no telling

what the goobers running the stock market will do. All I know is

that Apple is in a better spot than just about any other tech

company and has the resources to keep working right through the

slowing.

Oct 21, 08 - 05:13 pm Comment from: bobchr

Up $10.81 in after hours trading so far so good.

>The McPalin campaign is doing nothing but name-calling.

That's because there are plenty of adjectives and nouns that accurately describe Obama: racist, socialist, liberal, novice to name but a few.

Now Biden is warning America that the Obama will be "tested" during his first six months in office (because he is a complete unknown and incapable of performing a CIC).

"The meaning of peace is the absence of opposition to socialism."
Karl Marx

"From each, according to his ability; to each, according to his need."
Karl Marx
"It's not that I want to punish your success; I just want to make sure that everybody who is behind you that they've got a chance to success, too. I think when you spread the wealth around, it's good for everybody."
Barack Obama

Of course, the last two times we have tried 'redistributing the wealth' any significant way was the 1930s, and again in the 1970s. Result? The Great Depression, and "Stagflation". Recovering from both of those required cutting tax rates and building the wealth through productivity and entrepreneurship in this country.

What caused the current financial crisis? Democrat "redistribution of the wealth" scheme via GSE's http://www.youtube.com/watch?v=_MGT_cSi7Rs

"History repeats itself, first as tragedy, second as farce."
Karl Marx

May the farce be with you.

Oct 21, 08 - 06:06 pm Comment from: The Dude

To the political people throwing crap around. McCain and Obama are going to have the same effect, and similar results... both are going to end up costing you (and me) at the end of the day. We all f'd up when we let Ron Paul slip through our fingers. Our system is Washington is so far broken that it is going to take radical rebuilding and rethinking, not "Mavericks" or "Change" people.. but complete rethinking about how we do things. It is hard to grasp what needs to be done, but both of these guys are going to continue to do basically the same crap that has gone on for years and years and years.

We have to get someone in the office who is going to REALLY cut the BS, and look at the presidential job as an honor to serve the general public, not serve his buddies that backed his/her campaign and a power trip (see the last 8 years if you do not understand)

I know come election day, I will not be voting McCain or Obama.. my state allows a write-in, and I will exercise that option. It is no more of a "wasted vote" than voting the Republican party or Democratic party in this election.

The Dude abides.

I don't love George, but 7 of 8 Bush years were prosperous...easy to forget.
Noone has ever had a more difficult, tough decision-making presidency, ever! History won't forget.

Back to topic...Apple has hung the moon even higher yet again, raising expectations and standards that even they can barely meet.
Surely, Buffet can float GE, etc, but is completely blind to the numbers Apple has posted ever so consistently. Tech simply is not ever going away, and Apple is so far ahead.
Interesting to hear Jobs talk of possible merge "opportunities". Who could they swallow to directly and immediately help them grow even further? Any ideas?

@CD

If driving the country into deep debt that will take many years (decades) to pay back is prosperity, you can have it.

Big Evil Corporate Apple has definitely landed a windfall profit.

Time for Uncle Sam to take it all.

Remember, the fire department will close if we don't tax the rich.

Oct 21, 08 - 07:56 pm Comment from: VBBob

"poo" writes:

"If driving the country into deep debt that will take many years (decades) to pay back is prosperity, you can have it."

That practice has been going on since well before FDR. When revenues go up (thanks to tax cuts), politicians just spend more to buy votes. You shouldn't blame Bush for the acts of Congressional politicians.

In his short career in the US Senate, Obama has sent nearly $1 billion back to his district in "earmarks" ... in his long Senate career, McCain has sent back zero earmarks.

I'm glad Apple is solvent and well run. Too bad the US Government doesn't have as good a management operation. But then, who is going to vote for someone who stands for fiscal responsibility when so many people want their "goodies" (free college, free health care, etc., ad nauseam).

Apple will do well if the economy is strong. Higher taxes will destroy the precarious economy (it's a financial mess, not an economic one, BTW).

The election choices are dramatically different. Those who think not simply are not paying attention.

Sadly, the 9% approval Congress will see incumbents returned at greater than 90% rate.

Let's hope Apple can survive the government mess this election might bring.

Too bad the US Government doesn't have as good a management operation.

Sadly, the election process has nothing to do with putting good managers in office.

Good with speeches? Like being on camera? Have a gimmick you can sell? You're in!
We'll save the details of actually running things for after the election...

I completely agree. And I suspect that is exactly what's going to happen eventually. I'm no McPalin supporter, but Obama's communist/socialist ideas are damn spooky if one takes the longer view of things. Also, I doubt Joe Plumber could afford to attend any of his $28,000 a plate dinners. Whatever, Barack.

All that aside, it's amazing how Apple keeps rockin'. This was unimaginable ten years ago.

"Of course, the last two times we have tried 'redistributing the wealth' any significant way was the 1930s, and again in the 1970s. Result? The Great Depression, and "Stagflation". Recovering from both of those required cutting tax rates and building the wealth through productivity and entrepreneurship in this country."

Um, perhaps no one noticed that destratification of our society has really taken off in the last 10 years. Won't be a middle class much longer, and we'll be just like Mexico. Congratulations!

Republicans are very good at redistributing wealth...to the upper 10%.

Oct 21, 08 - 09:37 pm Comment from: BC Kelly

And for all this Steve gets only a $1.00 a year ?

Puts a whole new spin on the "Socialism -v- Capitalism" thing

Think Different™

@VBBob

I don't remember even mentioning Bush.

I love how you republican a-holes can blame the Dems for every bad thing that happens in your country (not mine thankfully) whether they are in power or not. Just remember though; without the Clinton years, Bush and his puppetmasters wouldn't have had either the money or worldwide acceptance to saddle you with a trillion (!) dollar debt for an unnecessary war that has only been profitable for the rich buddies of the corrupt government of the past 8 years.

Oct 21, 08 - 09:45 pm Comment from: Arnold Ziffel

@"Truth"Man,

The difference between Obama and McCain is that all McCain can do is throw mud and stir up hatred, while Obama is taking the higher road.

When all is said and done, McCain is going to be embarrassed by the way he and his supporters have conducted themselves during this campaign. If name-calling is all you can do, then your arguments must be weak.

Now, as for Apple, go team go!

Here is something interesting from Howard Stern about Obama supporters. Maybe there should be an intelligence test for voters.

http://www.youtube.com/watch?v=57t4u4c4H98

Oct 21, 08 - 10:18 pm Comment from: Arnold Ziffel

@opie,

Not gonna waste my time watching any blob with Howard Stern in it.

What do you think about the RNC spending $150,000 in the past six weeks to clothe poor widdle Sarah-warah?

Oct 21, 08 - 10:55 pm Comment from: DLMeyer

I'd LOVE to dip my toe in this uplifting name-calling farce of a discussion, but I need to practice my smirk for tomorrow when I get to say "told'ja so" to the semi-rich semi-pro investors who asked my opinion yesterday.
About "socialism", though. I'm not saying Obama IS one or McCain ISN'T one, but it sure came about long before Karl Marxstarted spouting his drivel. There are documented diatribes going back over two thousand years! These have been gathered into one of the most-published books EVER. That would be the Christian Bible, containing the teachings of that great socialist, Jesus Christ. Enjoy.

"while Obama is taking the higher road."

Obama has purchased more negative advertising than any candidate ever has. What imaginary High Road are you talking about? He's a politician.

He'll change his message depending on his audience, He'll pander to black radicals one year, throw them under the bus the next, talk to crowds in San Francisco one way and heartland America another, be Barry one year then Barack the next, and hope that no-one notices the inconsistencies.

He'll basically say and do whatever he needs to to get elected. Then he'll do whatever the heck he intended to do all along.

Anyone who thinks you're getting a different kind of politician is deluded. What you're getting is a master chameleon, an actor part of whose stage persona is that he's a different kind of politician. And he's sold that character, the Barack you'd like to believe exists, to millions.

Oct 22, 08 - 06:09 am Comment from: Arnold Ziffel

Believe what you want to believe.

Wonder how many pairs of 'throw-me-down-on-the-ground-and-fsck-me' pumps Widdle Ms. Sarah has now?