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Apple Q3 Results Are In - Macs up 33%, iPods 21%, iPhone "a great start"
apple.com — Apple has posted its third quarter earnings details. "The Company posted revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share. These results compare to revenue of $4.37 billion and net quarterly profit of $472 million, or $.54 per diluted share, in the year-ago quarter."
- 1193 diggs
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- judgeFire, on 10/10/2007, -4/+9For even more details, a webcast of the 'Apple Financial Results' - conference call is available at http://www.apple.com/quicktime/qtv/earningsq307/
- ralphmalph, on 10/10/2007, -44/+11hmm only 1M iPhones up till end of next quarter... i smell some doom in the air... i thinks the fanboys was expecting more
- cyfer2000, on 10/10/2007, -6/+19"i smell some doom in the air"
Do you mean play doom on the iphone? It's just around the corner.
http://digg.com/apple/iPhone_Can_Now_Serve_Web_Pages_Run_Python_Open_Source_Apps- hydroplane, on 10/10/2007, -3/+2Just when you thought you couldn't fit anymore useless applications into a worthless device.
- DaffyDuck, on 10/10/2007, -0/+3So now all of a sudden Doom is useless? I've never heard anyone say that before. It figures it would be with regards to the iPhone.
- hydroplane, on 10/10/2007, -3/+2Just when you thought you couldn't fit anymore useless applications into a worthless device.
- MacParrot, on 10/10/2007, -8/+15I don't think that's doom you smell. More likely all that stuff you're full of.
- ashwinashwin, on 10/10/2007, -3/+9apple always makes conservative forecasts... always...
- HappyScrappy, on 10/10/2007, -5/+3When they said they'd sell more iPhones than the total number of Blackberries RIM has sold to date?
That's not conservative.- moofer, on 10/10/2007, -1/+2Apple never said any such thing you dweeb. Please provide the link to the interview or press release where they did.
- HappyScrappy, on 10/10/2007, -1/+2At the keynote, Steve said they'd like to sell 10M iPhones. RIM had at the time sold less than 10M Blackberries.
- Sagags, on 10/10/2007, -1/+2saying you would like to do something and saying you will do it are completely different. I would like to go to mars, but that doesnt mean I "Will" go to mars
- ralphmalph, on 10/10/2007, -0/+1I would like to buy back into Apple at 125, but that doesn't mean I will. a three day pull back, was it so much to ask?
- moofer, on 10/10/2007, -1/+2Apple never said any such thing you dweeb. Please provide the link to the interview or press release where they did.
- HappyScrappy, on 10/10/2007, -5/+3When they said they'd sell more iPhones than the total number of Blackberries RIM has sold to date?
- Me1000, on 10/10/2007, -3/+12That is a LOT of phones!
More than any other phone in history (for the first quarter) - streak, on 10/10/2007, -4/+4You know the FUD about the iPhone not being 3G and all, and about it being so expensive (even though the lower monthly service fee makes the phone essentially free)? Well, the 1M phones is just version 1 at current price levels. As more people's contracts expire, even more will be switching. Apple is targeting 10M units by the end of 2008, sometime during which the 3G version will arrive. I'd say Apple is well on its way towards meeting their goal.
- HappyScrappy, on 10/10/2007, -1/+4No. Apple said 10M units in a year (1% of the 1B/year unit market). By end of 2008 is 18 months.
- MacParrot, on 10/10/2007, -1/+2Check your facts again. I was at the keynote. Jobs said at the end of 2008.
- Sagags, on 10/10/2007, -0/+2Also there is no way apple would release a 3G version by the end of this year, I double we will see a update to the iPhones hardware before july 2008
- HappyScrappy, on 10/10/2007, -1/+4No. Apple said 10M units in a year (1% of the 1B/year unit market). By end of 2008 is 18 months.
- cyfer2000, on 10/10/2007, -6/+19"i smell some doom in the air"
- ralphmalph, on 10/10/2007, -37/+8ouch there goes the stock.... dowwwwwnnnn
- MacParrot, on 10/10/2007, -2/+20Hmmm, Sales up, more Macs sold in a single quarter than ever before, earnings and profits up from the same quarter a year ago. Obviously Apple is doomed.
- zybch, on 10/10/2007, -15/+1Their increase in sales (hell their whole marketshare) is still less than Dell's growth for the last year!
Way to go apple corporation.- Me1000, on 10/10/2007, -0/+81 quarter < 1 year!
2nd grade math...- moofer, on 10/10/2007, -0/+22nd grade math taught that 1 quarter < 1 dollar
- noahhoward, on 10/10/2007, -1/+4Apples to oranges.
- MadOtaku, on 10/10/2007, -2/+3Apples to Dells?
- SenorCardgage74, on 10/10/2007, -1/+3Yeah and Sizzler sold more steaks than Mortons.
Youre comparison doesnt quite scan, sport,
- Me1000, on 10/10/2007, -0/+81 quarter < 1 year!
- moofer, on 10/10/2007, -2/+1Dell would give its corporate right nut for Apple's margins. If Dell is so much better than Apple, why do they copy Apple at every turn?
iPods followed by MP3 jukebox
Retail stores in malls - Kiosks in malls and now "Walmart"
Dell's making pink laptops now
They try and they try...
Have you happened to notice that AAPL's market cap is nearly twice that of DELL?
No know not of what you speak.
- zybch, on 10/10/2007, -15/+1Their increase in sales (hell their whole marketshare) is still less than Dell's growth for the last year!
- cyberdork, on 10/10/2007, -0/+27Downnnnnnn? It's at $146.25 right now in after hours trading. That's $8 up from todays close and $11 up from yesterdays close. Actually it's trading at it's all time high right now.
- ralphmalph, on 10/10/2007, -13/+1spoke way too soon. should know better. it tanked down to 129 right back into trading (which was when i posted) but somehow found a jetpack down there. frack me, this stock just won't quit. i'll never get back in it seems. no offense to the fanboys, ralph was just hoping for a nice pullback to last a few days so as to get back in on this ride.
- streak, on 10/10/2007, -0/+3Maybe you listen to that wacko Cramer too much.
- Me1000, on 10/10/2007, -0/+17After hour trading ended at $150.18
An ALL TIME HIGH!
- MacParrot, on 10/10/2007, -2/+20Hmmm, Sales up, more Macs sold in a single quarter than ever before, earnings and profits up from the same quarter a year ago. Obviously Apple is doomed.
- jmpeagle, on 10/10/2007, -3/+25http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=aapl&sid=0&o_symb=aapl&x=0&y=0
the stock has jumped in afterhours trading. The company is now valued at about half the value of Microsoft and has almost caught up with Google in terms of market value - pagemaster, on 10/10/2007, -3/+2the stock is doing great and I only wish I had loaded up before it shot up on the iPhone hype but now that it has gone up 40% in a couple months I don't plan on buying any until it cools down. If you want to go in for the long then do whatever you want but I don't see it going up more than 5% on any day over the next few months.
- streak, on 10/10/2007, -1/+1Right, probably not 5% on any given day, but maybe an average 1% per week over the next 12 months.
Profits last quarter were up 73% over the year-ago quarter.- firsttube, on 10/10/2007, -0/+3I've been watching AAPL for years. Rarely is it ever a bad time to buy. I shoulda bought at 12.00, I shoulda bought at 50.00 I shoulda bought at 90.00, 120.00, etc. Even 150.00 will look like a good price when it gets to 200.00.
- streak, on 10/10/2007, -1/+1Right, probably not 5% on any given day, but maybe an average 1% per week over the next 12 months.
- mikehrp, on 10/10/2007, -8/+8I bought it at $80 knowing the iphone and new OS were due out in a few months. I only bought 30 shares though.
- laserman92027, on 10/10/2007, -12/+18I bought 5000 shares at 43 and I dont even like Apple.
- x0nIMIn0x, on 10/10/2007, -3/+38I'll bet you like them at least a little bit now.
- dzorz, on 10/10/2007, -2/+7If you lived in my country, you, your family and your kids would be settled for life.
- krazytom, on 10/10/2007, -8/+8must be nice to have 215k to dump into one stock.
- santaliqueur, on 10/10/2007, -5/+13Dont try to make him pity you, he probably worked hard for his great job, in order to be able to buy that much stock. We don't feel bad you're poor.
- solistus, on 10/10/2007, -11/+9Yeah, I'm sure he worked just as hard as a wage slave working 2 full time jobs for 10 years straight to make that money.
Anyone who thinks one's income or assets are directly proportional to how hard one works is an idiot and/or a spoiled brat rationalising his/her ill-gotten gains. - Me1000, on 10/10/2007, -2/+4You sounded like an ass, but you are right!
- krazytom, on 10/10/2007, -3/+3So we digg down people who brag about their sweet ass computer setups, but digg up people who put two hundred thousand dollars into apple? Where's my DIGG guide book?
- solistus, on 10/10/2007, -11/+9Yeah, I'm sure he worked just as hard as a wage slave working 2 full time jobs for 10 years straight to make that money.
- brockpetrie, on 10/10/2007, -0/+3He might have used margin as well.
- santaliqueur, on 10/10/2007, -5/+13Dont try to make him pity you, he probably worked hard for his great job, in order to be able to buy that much stock. We don't feel bad you're poor.
- fakeblizzue, on 10/10/2007, -10/+5really? you bought 5000 shares at $43? really? how do you say "fake" in poser talk?
- pagemaster, on 10/10/2007, -1/+2grats man! This is proof that if you know what you're doing making money off the market is about the closest occupation to a 'check casher' there is
- Matrix_Prime, on 10/10/2007, -4/+18Macs up 33%? Macs would be up 2033% if they released the damn redesign! Where are you new iMac?
- sarno, on 10/10/2007, -18/+9Bought at $46 and happy as a clam. And I love Apple! F Microsoft!
- noahhoward, on 10/10/2007, -5/+41Awww... and all th Apple haters were so excited with yesterdays news that the iPhone was 'doing poorly'.
- drlha, on 10/10/2007, -2/+14Indeed, the gloating masses are mysteriously absent from this thread.
- zybch, on 10/10/2007, -21/+7And now all the fanboys like you are masturbating over jpegs of Jobs in a turtleneck!
- solistus, on 10/10/2007, -2/+9Way to take the high ground there.
- noahhoward, on 10/10/2007, -3/+10Personal attacks zybch? Little much over being proven wrong by people who were quoting you facts in the first place. This has nothing to do with fanboyism (I don't own the pissing iPhone and don't have a plan to unless the market for apps opens up) it has everything to do with a bunch of children making childish insults and forecasting the downfall of a great product because they didn't understand or care how the stock worked. Once again fact toting 'fanboys' prove the raving lunatic brigade wrong and all you can do is try a lame personal attack? You're pathetic.
- dysonlu, on 10/10/2007, -9/+2Well, iPhone sales were in the lower end of predictions, so yes indeed it did poorly given expectations.
- noahhoward, on 10/10/2007, -1/+6True, but it was no where near as bad as some true morons tried to make out. As for the predictions, I don't think there's such a thing as a reliable Apple forecast... everything is so over-hyped by the media and 'analysts' that it is damn near impossible to meet expectations (it's just more exciting when they do.)
- dysonlu, on 10/10/2007, -1/+2Apple openly predicts 1 million iPhones sold by end of this quarter and 10 millions worldwide by end of next year. Seems quite bold targets to me. So the over-hyping and the inflated expectation are most of the time Apple's own doing.
- MacParrot, on 10/10/2007, -0/+2Considering they sold 1/4 of their yearly estimate in 30 hours (of course that won't and didn't continue), I think getting to 1 million by year's end is not that hard. Selling 10 million by the end of 2008 will be a tougher road unless they release other models.
- DaffyDuck, on 10/10/2007, -1/+1No, they hope to sell 10 million in a year, not by the end of this year. The numbers will start climbing when it releases in more countries so I am guessing a large part of their estimates hinge on more international sales.
- dysonlu, on 10/10/2007, -0/+1@DaffyDuck: Who says they hope to sell 10m by end of this year?
- dysonlu, on 10/10/2007, -1/+2Apple openly predicts 1 million iPhones sold by end of this quarter and 10 millions worldwide by end of next year. Seems quite bold targets to me. So the over-hyping and the inflated expectation are most of the time Apple's own doing.
- kelly, on 10/10/2007, -1/+7lower end of predictions???!!! That figure is how many were sold within the first 30 hours... not the number that have been sold up 'till now.
That number is WAY above even the most conservative predictions.- dysonlu, on 10/10/2007, -1/+1Go read some articles and reports instead of spending time worshipping in front of your Steve Jobs shrine, kid. Fanboy and fanboyism originate from clueless people like you who just tries too hard to defend their beloved brand. Get a life.
By the way, here's a quote from Reuters (you know Reuters?):
"Apple sold 270,000 iPhones in the two days, near the low end of analysts' expectations that had ranged from a quarter of a million units up to 700,000."
Ref: http://www.reuters.com/article/technologyNews/idUSL2632195820070726- MacParrot, on 10/10/2007, -0/+1Actually they sold that many in 30 hours. How many have been sold since the start of the quarter won't be known until the end of the 4th quarter when Apple releases those numbers. A bit early to be forecasting gloom don't you think?
- dysonlu, on 10/10/2007, -0/+1@ MacParrot: Not sure why this is so hard to understand for some folks here. Is it because you Mac admirers were brainwashed by fanatism?! Or maybe you guys spend too many hours working with pictures and videos but never with numbers and spreadsheets? :-) Apple itself targeted 500K units for the two days; for this quarter their target is 1M units total. Analysts expectations range from 250K to 700K units for the two days. Actual number of units sold for the two days: 270K. Is that not the lower end of predictions??? 270K is the lower end of the range 250K-700K. Capice? I'm not forcasting anything. I just present numbers as reported to the public by Apple and by news agencies.
- dysonlu, on 10/10/2007, -1/+1Go read some articles and reports instead of spending time worshipping in front of your Steve Jobs shrine, kid. Fanboy and fanboyism originate from clueless people like you who just tries too hard to defend their beloved brand. Get a life.
- noahhoward, on 10/10/2007, -1/+6True, but it was no where near as bad as some true morons tried to make out. As for the predictions, I don't think there's such a thing as a reliable Apple forecast... everything is so over-hyped by the media and 'analysts' that it is damn near impossible to meet expectations (it's just more exciting when they do.)
- hydroplane, on 10/10/2007, -1/+1http://www.thebestpageintheuniverse.net/c.cgi?u=iphone
Nuff said
- eAi2k, on 10/10/2007, -2/+2I wish I'd bought it when it was cheap, but I'm looking into buying some soon. Theres still a lot of upside to the shares, and I think long term, lots of potential.
- quikboy, on 10/10/2007, -18/+6I guess Microsoft's surprisingly large earnings in this Quarter somehow didn't get on Digg. What a shame. But oh yeah, this is news about Apple making sucess! Right! I forgot.
Can we trust these statistics from Apple? I mean after all, we all have a hard time believing in statistics about a company's success coming from it's own people, rigth? I could say I was the greatest man in the world, but that doesn't mean I am. So how are we sure they're not a bit off?
BTW: I won stock in both AAPL and MSFT, so I'm not trying to point fingers at anything.- noahhoward, on 10/10/2007, -3/+4Check the Microsoft category if it isn't there submit it if it is Digg it. Welcome to Digg. Nothing wrong with microsoft doing good, I'd be nicer to them if they'd fix IE then remove their OS' dependency on it.
- quikboy, on 10/10/2007, -3/+3It wasn't there, and if I submit it now, it would already be too late. They reported it days ago. I'm not kidding.
- Sinbios, on 10/10/2007, -3/+1That's what audits are for.
- quikboy, on 10/10/2007, -4/+3Why am I being buried for? I'm telling the truth. It didn't ever make it onto Digg, and people are just going to pull me down like that? I really hate it when I'm buried for just telling the truth. It seems like there's a lot of rude users here.
- cfulp, on 10/10/2007, -0/+1I was under the impression that lying about financial earnings to investors (IE: any one that owns 1 or more stocks in apple) was illegal. And instead of complaining that Microsoft financial quarter wasn't on here, then go digg it yourself. Welcome to digg my friend, you have the power.
- rdoger6424, on 10/10/2007, -0/+2It's a web of trust.
I trust apple's report because if apple is found to be lying, the SEC will have a fit (stock delisting). Nobody wants the SEC to get pissed off with them.
- noahhoward, on 10/10/2007, -3/+4Check the Microsoft category if it isn't there submit it if it is Digg it. Welcome to Digg. Nothing wrong with microsoft doing good, I'd be nicer to them if they'd fix IE then remove their OS' dependency on it.
- blipsman, on 10/10/2007, -2/+2Well not quite $5, but I did get in at an average cost of $12.13, buying some when the iPod was released and more when the first iPods that were compatible with PC's were released. Just kicking myself that I pulled my initial investment off the table when it hit $45 about 2 years ago...
- hellotyler, on 10/10/2007, -4/+2And nobody is surprised.
- Dysarthria, on 10/10/2007, -5/+8Apple is a great company. Its a wonder where they would be at today if it had been as well run from 1989-1997
- HappyScrappy, on 10/10/2007, -0/+3Although I have no doubt the company could be run better than Gil Amelio, Michael Spindler and John Sculley ran it in those years, the company might be the worse for it. I know that's odd, but here's why:
The Steve Jobs who cam back to Apple in 1997 isn't the same Steve Jobs who was pushed out in 1989. I think he learned a lot about business when he was gone. For example, remember him building the entire fancy NeXT factory (that immediately went idle)?
If Steve had never left, he might not have learned these lessons, and given that he was the boss, he might be making those same mistakes today.
This isn't to say I don't like the guy. He does a great job. But I think he'd be a little less great if he hadn't left and come back. - kelly, on 10/10/2007, -0/+1A better question to ask...
here they would be at today if the technology media didn't constantly foretell their imminent demise in every tech article during that same era. - untzboy, on 10/10/2007, -0/+1If it were better run, Ballmer would become a hit man and Gates would hire him to assassainate Jobs instead. Then buy the company, sell it to Sony, then Snapple would be born.
- HappyScrappy, on 10/10/2007, -0/+3Although I have no doubt the company could be run better than Gil Amelio, Michael Spindler and John Sculley ran it in those years, the company might be the worse for it. I know that's odd, but here's why:
- fakeblizzue, on 10/10/2007, -5/+0so did all the posers that bought low also buy Baidu.com? hehe
- somegeologist, on 10/10/2007, -9/+4One million per quarter, hmmm. How the heck are they going to reach 8 million in one year.
- Me1000, on 10/10/2007, -3/+4Ever heard of christmas?
- somegeologist, on 10/10/2007, -2/+3Yay look what I got, a two year contract with AT&T.
- AnimaMaelstrom, on 10/10/2007, -2/+4Yeah, ever hear of new markets (Europe, Canada, Australia, just to name a few), new models of the phone at various prices, holiday seasons, etc., etc., etc.
- HappyScrappy, on 10/10/2007, -1/+2If they want to sell in Europe and Australia, they better work on 3G. Lowering the price wouldn't hurt either.
- HappyScrappy, on 10/10/2007, -2/+2Oh, and nothing against Canadians, but there are only 32M of them. That's a market 1/9th the size of the US.
And there's only 20M Australians. That's 7% as large as the US.
It'll be tough to make up for shortfalls in a country of 300M through sales to 52M.- AnimaMaelstrom, on 10/10/2007, -0/+23G I'm sure is coming and you completely ignored the part about new models being released. It was mentioned that they would be approaching the iPhone just as they did the iPod which would include different models and lower prices. That makes up for a large amount of the "shortfalls", instead of just replying to one portion of my post maybe try reading the whole thing.
P.S. "It'll be tough to make up for shortfalls in a country of 300M through sales to 52M" ... ummm, did you forget Europe which you just mentioned in your first post? At least try to acknowledge your own posts in full even if you're going to ignore part of mine.- HappyScrappy, on 10/10/2007, -0/+1Acknowledge my post? What?
Europe is a similar market in size to the US. Although EDGE phones don't sell as well there as here. But they could perhaps double their sales by opening up sales in Europe.
The new model stuff you say is just speculation. Apple only has one phone to sell right now and you don't know when the next one comes. For all you know, it's later than the 1 year mark (when Apple said they'd have sold 10M).
- HappyScrappy, on 10/10/2007, -0/+1Acknowledge my post? What?
- AnimaMaelstrom, on 10/10/2007, -0/+23G I'm sure is coming and you completely ignored the part about new models being released. It was mentioned that they would be approaching the iPhone just as they did the iPod which would include different models and lower prices. That makes up for a large amount of the "shortfalls", instead of just replying to one portion of my post maybe try reading the whole thing.
- kelly, on 10/10/2007, -0/+3That's 270,000 units in a DAY AND A HALF.
- Billions, on 10/10/2007, -0/+1Probably with a family of iphones, flagshipped by the main phone we see right now, and bolstered by lower-tiered handsets? More sales ahead when they inevitably add software featues and likely hardware upgrades.That would still count toward "getting 1 percent of the global market" by the end of 2008. Ambitious, but even if they can't make that number in that timeframe, it's on track to be a successful product (and likely product line).
- cctoronto05, on 10/10/2007, -0/+1Easy: just double the sales, and you've got 8 mil/yr...
- Me1000, on 10/10/2007, -3/+4Ever heard of christmas?
- flawless1979, on 10/10/2007, -8/+1hi i just started a new mac website please have a look and drop me comments it www.mackhack.com
thanks- untzboy, on 10/10/2007, -0/+1Hi i just dugg u down please stop spamming and not using periods drop ur pants so i can kick ur balls www.kickedurballs.com
thanks
- untzboy, on 10/10/2007, -0/+1Hi i just dugg u down please stop spamming and not using periods drop ur pants so i can kick ur balls www.kickedurballs.com
- HappyScrappy, on 10/10/2007, -13/+7270,000 units doesn't sound like "a great start" when you say you'll sell 10M in a year.
- Quix, on 10/10/2007, -0/+8That's 270,000 units in a DAY AND A HALF. Try a calculator.
HappyScrappy = bad at math.- HappyScrappy, on 10/10/2007, -4/+1270,000 units on the two days of the product's life that it will have the highest demand it will ever have.
You can't just multiply by 240 because a Tuesday in May is never going to sell as many units as a Saturday in December or the first day something was out.
Let me put it this way... Have you seen any lines out the door at Apple or AT&T stores lately? If not, then you can probably figure they aren't selling them at the rate of 150,000 a day anymore.- kelly, on 10/10/2007, -0/+2Nobody is suggesting that 270,000 simply be multiplied by 240. That would mean that Apple would sell 64,800,000. If you account for standard interest levels tapering off after initial massive buys, its still very VERY reasonable that they'll reach their 10,000,000 goal...
When you consider the fact that those initial buyers were only existing ATT customers and (far lesser) those that canceled their existing wireless contracts... its reasonable to conclude that as more people's contract's run out with their existing wireless carriers that Apple will easily double or triple their 10 million goal. - DaffyDuck, on 10/10/2007, -0/+1"270,000 units on the two days of the product's life that it will have the highest demand it will ever have."
I'm going to quote you on this in a couple of years if you are still around.
- kelly, on 10/10/2007, -0/+2Nobody is suggesting that 270,000 simply be multiplied by 240. That would mean that Apple would sell 64,800,000. If you account for standard interest levels tapering off after initial massive buys, its still very VERY reasonable that they'll reach their 10,000,000 goal...
- HappyScrappy, on 10/10/2007, -4/+1270,000 units on the two days of the product's life that it will have the highest demand it will ever have.
- streak, on 10/10/2007, -0/+2Sheesh! A 3G iPhone won't be available for many months, the iPhone is only available in the U.S., prices are at their highest in the beginning, many switchers are still hoping to live out their contracts.
What do you want for the first 2 days of sales, when there are another 1-1/2 YEARS until the end of 2008?- HappyScrappy, on 10/10/2007, -2/+1For all you know, they won't have a 3G phone for a year.
The 10M was in a year, according to the keynote. Steve said it was a 1B unit per year market, he said they'd like to take 1%. 1% of 1B per year is 10M per year.- egrefen, on 10/10/2007, -0/+1Yes, and as it was pointed out to you above, they're doing quite well towards that goal. Perhaps you should read up and shut up, yes?
- HappyScrappy, on 10/10/2007, -2/+1For all you know, they won't have a 3G phone for a year.
- untzboy, on 10/10/2007, -0/+1Actually, after I did the math, i found that this stock/slaes game is actully 60 percent good news, whereas if they sold 500,000 instead of 300,000, it would be mostly bad news.
- Quix, on 10/10/2007, -0/+8That's 270,000 units in a DAY AND A HALF. Try a calculator.
- chrismag1979, on 10/10/2007, -10/+1Macs are up 33%, you mean few dozens? lolz......
- cfulp, on 10/10/2007, -0/+31,764,000 macs sold in 1 quarter. Now you can take your lolz back to the World of Warcraft forums.
- MikeDugg, on 10/10/2007, -0/+5Hahaha. I bought 400 shares at SIX DOLLARS waay back in 2003.
- EvilAnimator, on 10/10/2007, -6/+1Sorry, you lose the internet. It's low was $12 in 2002.
- MikeDugg, on 10/10/2007, -1/+4Oh dumbass - learn about the market. $6 is the adjust split price. When I bought it was $12 something, but since it split in 2005, that made it like I was buying it at $6 something.
- untzboy, on 10/10/2007, -0/+1Either that, or he got em off Craigslist
- EvilAnimator, on 10/10/2007, -6/+1Sorry, you lose the internet. It's low was $12 in 2002.
- streak, on 10/10/2007, -1/+2Here's a question: Look closely at the statistics Oppenheimer reported and what Apple could reasonably be expected to know about the numbers of iPhones sold. Oppenheimer reported 270K iPhones were sold to AT&T and Apple customers during the first 30 hours. Apple wouldn't typically know how many units AT&T actually sold to consumers, though, so what Oppenheimer is probably counting is the number of units sold to AT&T the company. How many iPhones did AT&T actually sell to consumers? AT&T has about 1,800 stores, which were reported or rumored to carry at most 40 iPhones each on iDay. That's a total of 72K max. I know for a fact that my nearest AT&T store sold out within 2 hours, but some AT&T stores might not have sold many at all. Naively, we might say half of AT&T stores sold out and half sold none. (Yes, that's extreme, but this is just a thought experiment.) That would leave 36K iPhones that Apple sold to AT&T that were included in its quarterly figure of 270K sold, but really something closer to 240K were sold to consumers. Just hypothetical, but I thought it curious that none of the experts dialing in with their questions didn't ask for clarification.
- dm33, on 10/10/2007, -0/+1Its a company doing very well... there's no question about that. Lots of products doing very well. Lots of potential.
The question is what is fair valuation? Is $150/share reasonable? What if it were $300/share, would everyone still be so excited to buy it?
I worry that many people want to buy it regardless of the price.- kelly, on 10/10/2007, -0/+1are you saying the same about Google?
- MikeDugg, on 10/10/2007, -4/+17To all you Apple haters:
1. Get a life. It's just a company.
2. Apple is now worth more than Sony and Nintendo COMBINED.- untzboy, on 10/10/2007, -1/+2And they are worth half of the company they are actually competing with
- LANjackal, on 10/10/2007, -9/+5Mac sales up 33%? That's odd, since an INDEPENDENT study* shows that Mac OS X usage growth has been flat since January. If Apple's really selling so many computers, where are they going?
* http://tinyurl.com/36k5h7- colincornaby, on 10/10/2007, -2/+3Huh? Every other independent study I've seen says Mac use is up. Not drastically, but certainly in that range. In fact, I think according to the official numbers they grew to be the #3 PC vendor this quarter.
- hmunkey, on 10/10/2007, -0/+1Give links like he did.
- dotorg, on 10/10/2007, -1/+7You trust quarterly reports more than you trust independent reports.
Why? Its illegal to falsify those numbers, and they're coming from the people who actually know the numbers... not estimates. - MacParrot, on 10/10/2007, -1/+2I think LAN they base this on ACTUAL number of computers sold in one quarter as compared to some other quarter. They can't lie about without serious consequences (especially with the SEC investigation barely done).
- Jem2768, on 10/10/2007, -0/+2It's 33% Q3 06 (1,327 CPUs) vs Q3 07 (1,764 CPUs) try reading the data summary off the linked page. It's still up on Q2 (1,517 CPUs) but seasonal variation has to be taken into account.
Oh great URL - you do realise that as 90% of machines are Windows based, that for Vista to surpass Mac OS X it would only need to be installed on about 6% of all Windows boxes? Wow that's market saturation for you isn't it... by August no less, what a stunning report! :) - scthk, on 10/10/2007, -0/+1It could be that both are correct. People are buying lots of macs, and their old macs are going out of commission. Your independent source is visits to websites.
- colincornaby, on 10/10/2007, -2/+3Huh? Every other independent study I've seen says Mac use is up. Not drastically, but certainly in that range. In fact, I think according to the official numbers they grew to be the #3 PC vendor this quarter.
- hmunkey, on 10/10/2007, -6/+3The iPhone fell greatly short of expected sales. It's on any major news network's financial side.
- BlueDjinn, on 10/10/2007, -1/+3The only ones who "expected" it to sell insane numbers (half a million, a million, etc) were the analysts who are usually wrong about EVERYTHING they predict.
Prior to yesterday, the ONLY "expectation" number that Apple stated was that they hoped to sell 10 million total by the end of 2008 (a full year and a half). They *never* gave any "opening weekend" predictions or expectations.
- BlueDjinn, on 10/10/2007, -1/+3The only ones who "expected" it to sell insane numbers (half a million, a million, etc) were the analysts who are usually wrong about EVERYTHING they predict.
- bovox, on 10/10/2007, -0/+1it is illegal to lie to shareholders in quarterly reports, whereas on "independent" reports you could talk out of your ass and it would still be legal.
- BLACKEAGLE, on 10/10/2007, -0/+1and yet MS still could get apple up and wait Google is a lot younger with more money how did that happen
- stegre, on 10/10/2007, -3/+4apple = marketing *****
- diggFunction, on 10/10/2007, -0/+0correction
apple = marketing genius - DaffyDuck, on 10/10/2007, -0/+1stegre = making dumbass comments
- diggFunction, on 10/10/2007, -0/+0correction
- mjoshi, on 10/10/2007, -1/+2Apple sells 270,000 iPhones the first weekend, while AT&T shows 146,000 activations. Where did the other 124,000 iPhones go ? Also what happen to all those ***** of Apple selling more than 500000 iPhones in first 48 hours ?
- DaffyDuck, on 10/10/2007, -0/+1Those numbers were for the first day and a half which is when lots and lots of people couldn't activate.
- dysonlu, on 10/10/2007, -2/+1Steve Jobs worshippers here are disputing the facts you outlined by trying to distort reality. For instance, they claim the 500K units prediction was not for the first 48hours. Obviously, that's simply a mindless attempt to defend their beloved brand.
Quote for Reuters: "Apple sold 270,000 iPhones in the two days, near the low end of analysts' expectations that had ranged from a quarter of a million units up to 700,000."
http://www.reuters.com/article/technologyNews/idUSL2632195820070726
- DiggDugglas, on 10/10/2007, -0/+0+10.05 (+7.32%) and counting!
P.S. I bought it just 6 days ago at $140 - dragonopolis, on 10/10/2007, -0/+0All this cash and I believe Apple is one of those companies that are, for the most part, debt free.
- jjackson1, on 10/10/2007, -0/+0Anybody hear about a stock split?
One rumor was it would split at $110
now we know that WAS just a rumor.
Anyone hear anything else?
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