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Nothing like buying at 81.13 and gaining 10% overnight...

Now lets see....hmmm...how can I poop AAPL?
Steve's health?
Next quarters conservative guidance?
No tablet PC?
No more Macworld?
Hmmm...there's gotta be something juicy I can drum up.

What will the Bloomberg story be this time?
What more excuses can they come up with?

iPods were a blowout. Expectations were for 18M. That's almost 5M more. I would look at ASP, as the Touch would bring up the average. iPhones were a bit lower than expected, about 500k lower. Macs were right in the expected range of about 2.5M. $10B in revs is good. I bet the non-GAAP revs were almost $13B.

Tomorrow's bold headlines.
SEC Investigates APPLE
Nothing else.

Jan 21, 09 - 04:50 pm Comment from: Roger Knights

Since they beat last quarter's guidance so dramatically, I hope analysts will apply the same understatement-factor to Apple's current guidance and change .90--1.00 to something more reasonable, like 1.35--1.50 EPS.

Okay, non-GAAP was only $11.8B.

Cha-Chinggg!

Jan 21, 09 - 04:56 pm Comment from: ken1w

With most of the other tech companies suffering, Apple's continued ability to be profitable beyond expectations will make Apple a quality investment and a consistent (and perhaps even "safe") bet. In a down market, investors will be attracted by quality and consistency, even if there are short-term fluctuations due to media reports about the health of Steve Jobs.

Informed and intelligent investors know that Apple has a huge pile of cash "in the bank," zero debt, and an ongoing revenue stream from iPhones they have already sold (which keeps getting larger over time).

only 4.4 mln iPhones? I thought apple was going to outsell RIM every quarter? you guys made such a big deal about it last quarter. andy zaky just shat his pants!

Jan 21, 09 - 05:02 pm Comment from: breeze

Bloomberg should be investigated by SEC for obituary timing and recent liver transplant news...oh and possible ties to whoever is behind Pystar....Balmer, Hp, Dell....

apple generated $3.6B cash in the quarter.

Jan 21, 09 - 05:20 pm Comment from: Shadowself

What?

" ' Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history -- surpassing $10 billion in quarterly revenue for the first time ever, ' said Steve Jobs, Apple's CEO, in the press release."

[extreme sarcasm on]
WHAT? What is he doing claiming to be Apple's CEO. I read in many, many places that Jobs stepped down as Apple's CEO! He's been lying to everyone about his health and now he's been driven out by the enlightened press! Bring in the SEC! Man the pitch forks and torches!

The moderately good financial quarter and limit growth by Apple during Jobs' final quarter with the company only serves to point out that Apple is doomed for the future. With Jobs gone, Apple can go no where but down! Sell all Apple stock now!
[extreme sarcasm off]

Apple is still strong but poor Microsoft looks to announce 1000+ of job cuts. http://money.cnn.com/news/newsfeeds/articles/reuters/MTFH14017_2009-01-21_20-21-36_N20429795.htm

Jan 21, 09 - 05:26 pm Comment from: Grifterus

I wonder, what are Zune's revenue numbers?

Jan 21, 09 - 05:42 pm Comment from: critic

"Apple is still strong but poor Microsoft looks to announce 1000+ of job cuts."

That may be true, but "poor Microsoft" still makes $3+ billion in cash flow from operations nearly every quarter.

Actual iPhone sales were about 4.65M, as they drew down retail inventory by about 250k. In fact, they should have added to retail inventory by at least 500k, as they added 4000 WalMart outlets and 23 countries. They could have easily shipped over 5M and kept inventory levels at between 5 and 6 weeks.

Jan 21, 09 - 05:56 pm Comment from: It's About Time

"Looking ahead to the second fiscal quarter of 2009, we expect revenue in the range of about $7.6 billion to $8 billion and we expect diluted earnings per share in the range of about $.90 to $1.00."

There's a good reason for the stock to drop.

This time yesterday (Tuesday) Apple was all but dead.

Now today it's "cha-ching"?!?

With investors like this, who needs sports?

Another up day or two and people will dust off the "AAPL $600" target.

@ kenC

i think apple wants to reduce seasonality for the iphone. not stuffing the channel the way they did last quarter will help to sustain a high level of iphone sellthrough for the next two quarters until iphone 3 comes out and we will see 12 million units in q4 alone with china and southkorea coming onboard and a $99 price-point for the new version.

Jan 21, 09 - 06:20 pm Comment from: Randian

@critic

"That may be true, but "poor Microsoft" still makes $3+ billion in cash flow from operations nearly every quarter."

The problem with this reality is that the market does not value profit nearly as much as it values growth. And the truth is that Microsoft is not growing now--and given their current business model will not in the future. Such is impossible when a company already controls the majority of its sector. Unless and until MS branches out into building boats or vacuum cleaners or pogo sticks, they have nowhere to go but down.

It's not necessarily THAT good to be king.

Look at this tool: Seriously out to lunch....

http://link.brightcove.com/services/link/bcpid1459183594/bctid8717330001

@ralf from berlin, they didn't "stuff the channel". That's what Microsoft does. They keep 4 to 6 weeks of inventory in the retail channel. In the prior quarter, they had to FILL that channel to the initial 4 to 6 week level. That meant shipping 2M more iPhones than were sold. It's a ONE-TIME bump. This past quarter, they added 4000 WalMart points-of-sale and 23 new countries. They have to FILL that retail channel. In order to maintain NORMAL levels of retail inventory, it seems likely that they should have added at least 500k more phones.

The bottom line is inventory levels are below normal. The true sell-thru according to Oppenheimer was 4.65M iPhones, as inventory levels dropped 250k. In order to have kept inventory at its normal level, they should have shipped well over 5M iPhones just to stock the WalMarts and new countries.

dammit. I was gonna buy today. I thought for sure no matter how good the news was the stock would tank... like it ALWAYS does other than today :(

Jan 21, 09 - 08:10 pm Comment from: Cascadians

Apple has great products and more amazing innovations coming down the pipeline, plus no debt and BBBBBBILLIONS in cash, but ppl would rather scream and whine and speculate about Steve Jobs (supposedly already dead many times) than focus on Apple products and how easy and fun they are to use and how awesomely productive a person can be with them.

Apple could deliver a teleporter orgasmatron anything-you-wish producer in every color sold for $10 and ppl would still scream themselves into a coma over something or other.

" "Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history -- surpassing $10 billion in quarterly revenue for the first time ever," said Steve Jobs, Apple's CEO, in the press release. "

What ?????? But he had a heart attack and then a liver transplant and then a brain transplant and then an artificial ankle and then a robotic arm and then he died and then died again and again and again. What's he doing talking again? "Apple clones CEO for earnings statement."

"Apple clones CEO for earnings statement."

That explains the after-hours rise in aapl. Did they announce when the cloning product will ship?

"Most companies should follow this formula."

But first you need to figure out what would make your product into a premium product. That's the genius of Jobs.

First, make a premium product that people want. Then, make a premium profit. Most companies have difficulty with the first part.

Jan 21, 09 - 10:52 pm Comment from: bobchr

@ Mark
Its not quite as difficult as it seems, the problems are CEO's with lack of vision and a certain arrogance about customer service and dictating the customer experience rather than finding out what ideal customer experiences are. The auto industry, the oil industry, the transportation industry and most cell phone carriers are at the other end of the spectrum. Had AT&T;not given Apple a try they would be in the same boat as the Verizons and Sprints of the world. GM could have been light years ahead of the rest of the auto industry had they continued development of the EV1 and actually put it out for sale rather than lease. They probably would not need a bailout today.

Jan 21, 09 - 11:05 pm Comment from: BC Kelly

Guess this should make all the money folks happy

But

Is it Snappy ?







BC

Jan 22, 09 - 12:55 am Comment from: Ferf Muckmeyer

....at least we heard something, anything, from Steve....

I expected this. Apple is still going strong and will get stronger. F Microshat and Windwoes 7!

Marco Marco ... you say that like it's a bad thing. I don't understand the logic that a company that makes quality products people want shouldn't make large profits. That's the whole point of being in business. It's not to break even. It's to make money. Of course, the US now has a president who shares your mindset, so I guess I should expect more of such idiocy for the next four years.

And that in the mids of the worst recession since the depression.