Donkeys and Elephants and Delegates,oh my!
Check out the most popular
Apple earns $904 million on sales of $6.22 billion
appleinsider.com — Apple shipped 2,164,000 Macintosh computers, representing 34 percent growth over the year-ago quarter and exceeding the previous quarterly record for Mac shipments by 400,000. The Company sold 10,200,000 iPods during the quarter, representing 17 percent growth over the year-ago quarter. Quarterly iPhone sales were 1,119,000, bringing cumulative fis
lnfiniteLoop- 1142 diggs
- digg it
- MikeDugg, on 10/28/2007, -10/+69HAHA! Bought AAPL at $7 (split-adjusted) a share and now at $184!!!!!!!!!!!
- corporalclegg24, on 10/23/2007, -2/+27I think i can still have the right to brag buying in at 77!
- MJ420, on 10/23/2007, -4/+16Bitch
;) - jmpeagle, on 10/23/2007, -1/+5it's gone up to 186+ so far in after hours trading
http://bigcharts.marketwatch.com/quickchart/quickc ... - senatorpjt, on 10/24/2007, -0/+27I was thinking a while ago that if I bought Apple stock instead of buying my Powerbook G4 I could have bought 10 MacBook Pros.
- frequencydip, on 10/23/2007, -2/+3I bought options for Apple for $150 by Jan 09 (+APVAJ) for $0.25 a share, its trading at $31 today! Hahahahah, to the sucker who sold me that option, sucks to be you!
- DinosWillDie13, on 10/23/2007, -1/+5haha awesome. I hope you got a lot of it.
- jsg7, on 10/23/2007, -0/+2Hell, I got it at $5. I just wish I hadn't been selling every January on the way up. Still, I still have more to sell right after MacWorld 2008...
- kendals, on 10/28/2007, -7/+64Congratulations to Apple- I think an overused quote is applicable:
"What would I do? I'd shut it down and give the money back to the shareholders," Michael Dell said before a crowd of several thousand IT executives.- senatorpjt, on 10/24/2007, -2/+19I'm waiting for Steve Jobs to say that about Dell.
- kelly, on 10/23/2007, -1/+14He doesn't need to. Everybody's already thinking it
- rpgmaker, on 10/23/2007, -7/+4In which world are you living? Apple is growing yes and their stock is aiming to the sky but Dell still beats them in the sales and revenue department.
- serpicolugnut, on 10/23/2007, -0/+1Apple trounces Dell in margins on their products. Sure, Dell sells more computers than Apple. But Dell has much lower margins. So Apple can sell fewer Macs than Dell, and still make more money than Dell on the sales. Dells margins are projected to be in the teens for most of their computers. Apples are in the high 20's/low 30's for computers, around the high 30's for iPods, and maybe high as 60% for the iPhone.
Dell sells computers, monitors and printers (which are all really considered the same business).
Apple sells computers, music players, phones, software, and has a music distribution service (it's called iTunes, maybe you've heard of it). In other words, Dell has all their eggs in the computer basket, while Apple has successfully diversified in to music and software.
There's a reason Apple's stock is kicking Dells ass.
- serpicolugnut, on 10/23/2007, -0/+1Apple trounces Dell in margins on their products. Sure, Dell sells more computers than Apple. But Dell has much lower margins. So Apple can sell fewer Macs than Dell, and still make more money than Dell on the sales. Dells margins are projected to be in the teens for most of their computers. Apples are in the high 20's/low 30's for computers, around the high 30's for iPods, and maybe high as 60% for the iPhone.
- streak, on 10/23/2007, -0/+9More specifically, Dell has been flat the last two quarters at $15B revenue/qtr. Apple has been growing consistently ~33-47% year-over-year and predicts $9.2B revenue for the December quarter (nearly two-thirds that of Dell and nearly 50% higher than the September quarter). I don't believe Dell sells an MP3 player any more and sells no cell phones, so Apple beats Dell in sales and revenue for those departments without question.
- rpgmaker, on 10/23/2007, -7/+4In which world are you living? Apple is growing yes and their stock is aiming to the sky but Dell still beats them in the sales and revenue department.
- kelly, on 10/23/2007, -1/+14He doesn't need to. Everybody's already thinking it
- senatorpjt, on 10/24/2007, -2/+19I'm waiting for Steve Jobs to say that about Dell.
- Plezops, on 10/24/2007, -19/+1more than a million iPhones... who would have thought...
- BossKey, on 10/23/2007, -0/+18Apparently, everyone except the skeptics!
- BlueStarr, on 10/24/2007, -5/+20Wow! I'm buying Apple stock.
- badqat, on 10/23/2007, -4/+16uh, you missed the "buy" phase, but please, feel free to buy as much as you want!
- CraigJ, on 10/23/2007, -1/+11Maybe. Most analysts have a target over $200 now, so there's still room.
- jmpeagle, on 10/23/2007, -1/+6as of now, the 24 analysts covering AAPL from the various major ratings agencies have an average target price of around $182 (although it will most likely be increased overtime as they analyze the information released today.)
http://www.marketwatch.com/tools/stockresearch/upD ...
http://www.marketwatch.com/tools/quotes/snapshot.a ...
but 186 to 200 is only a 7% return. Better put your money elsewhere unless you want to plant your money down for like 5 years in Apple.- Nossie, on 10/23/2007, -6/+1apple has had its up imho.... unless either the appleTV or something brand new and under the carpet (although leopard sales will seriously boost mac sales from my guestimates... lots of windows users are waiting till then before buying) then I think apple is at the top of the hill and will slow down like microsoft has to a crawl....
OTOH, Windows has no more room to manoeuvre, and OSX has about 90% market share to gain heh. - cfulp, on 10/23/2007, -0/+1Eh...with new versions of Imacs, laptops, ipods and eventually iphones every few year or so, I'd guess that they will still keep selling well.
- Nossie, on 10/23/2007, -6/+1apple has had its up imho.... unless either the appleTV or something brand new and under the carpet (although leopard sales will seriously boost mac sales from my guestimates... lots of windows users are waiting till then before buying) then I think apple is at the top of the hill and will slow down like microsoft has to a crawl....
- jonnyeh, on 10/23/2007, -0/+1What did they say when the stock was lower? I'm better off listening to a fortune teller.
- CraigJ, on 10/23/2007, -0/+1probably, however, given today's EPS of 1.01 and the forward PE, and guidance, this stock has a lot of upward mobility.
- cfulp, on 10/23/2007, -0/+1Whatever you do, don't buy it today (well tomorrow morning rather). Wait a few days, and let it go down some. Stocks always go down a few points after skyrocketing.
- jmpeagle, on 10/23/2007, -1/+6as of now, the 24 analysts covering AAPL from the various major ratings agencies have an average target price of around $182 (although it will most likely be increased overtime as they analyze the information released today.)
- CraigJ, on 10/23/2007, -1/+11Maybe. Most analysts have a target over $200 now, so there's still room.
- jmpeagle, on 10/23/2007, -0/+4that information was valuable for about 1 second at which point the markets immediately adjusted for it. Also, I think you have missed most of the gains.
- aloser, on 10/23/2007, -7/+2Buy high, sell low I always say.
- deepakhj, on 10/23/2007, -0/+1That strategy works for value stocks.
Here is the correct strategy for growth stocks like Apple which are growing at 30% YOY:
Buy high, sell higher.- krnldmp, on 10/23/2007, -3/+1Right, and what you have with Apple stock isn't value.
- uptown, on 10/23/2007, -0/+1stockbroker jimmy ... is that you?
- deepakhj, on 10/23/2007, -0/+1That strategy works for value stocks.
- superkendall, on 10/23/2007, -2/+3For anyone who thinks the iPhone will do well, the current stock price is still low. Remember that Apple has a triple threat going with great laptop, consumer media, and now phone sales. What happens if those continue to take off and Apple grows video into online HD content?
- johnnybluejeans, on 10/23/2007, -0/+2I don't know about "low". While there may be a bit more room at the top, you really need to start looking at Apple's market cap at this point and start deciding how much you think the company is worth.
As of today's close (not adjusting for after hours trading), Apple's market capitalization is at $151B. Do you think the stock could double from here? If so that would make Apple "worth" more than Microsoft (whose market cap is around $286B).- Nossie, on 10/22/2007, -0/+1if people really thought like that then facebook and google wouldnt be worth squat... but someone is buying, are we facing a bubble?
- superkendall, on 10/23/2007, -1/+1What I am saying, is if you think the iPhone is going to be a hit OR you think Apple can really take the video market by storm to the same degree that they have with music - in either case, absolutley I can see the value of Apple doubling within a few years. What if all of them hit and Mac sales continue to climb? Apple just has so pany paths to growth that all have positive outlook in the near and mid term...
Microsoft has a lot of cash yes, but also some projects (like Surface or the 360) that they have sunk a ton of cash into with a hard path to making a huge return on. Even Windows now is kind of listless as it's just being bought, it's not being sought.
I say low because I see companies that seem to have less bright futures with a stock that has a much higher P/E.
- johnnybluejeans, on 10/23/2007, -0/+2I don't know about "low". While there may be a bit more room at the top, you really need to start looking at Apple's market cap at this point and start deciding how much you think the company is worth.
- bitspace, on 10/23/2007, -3/+1Please go ahead, buy while it's high!
- BlueStarr, on 10/23/2007, -0/+1I realize that but it's a good stock to own. I love my Apple so it's more a symbolic gesture.
- Rooplee, on 10/23/2007, -6/+0I love apple fanboys, they make money for us all :)
- badqat, on 10/23/2007, -4/+16uh, you missed the "buy" phase, but please, feel free to buy as much as you want!
- OneOfTheElect, on 10/23/2007, -7/+1I read the article, because I didn't understand the title's mentioned amounts; the different amounts tossed around in the article didn't help much. I think its just me though....i guess after it goes into the billions, it just becomes 'alot of money' in my mind...go apple!
- rmw132, on 10/28/2007, -3/+42I still think its amazing that owning a Mac went from strange and unconventional to "hip" and "the thing to do"
- MacEnvy, on 10/23/2007, -0/+14Pretty much everything hip and cool started out as strange and unconventional.
- senatorpjt, on 10/23/2007, -2/+12It always was "hip". The differences as of late are (for me and a few others) that it switched to a UNIX core, and for other people, that it became capable of running Windows apps competently. Back when I was using Windows, I always envied the people that didn't need any apps that didn't run on their Mac.
- superkendall, on 10/23/2007, -2/+2To followup on that last comment a little, it really took off when hip aligned with not only the stylish folks but also the technical. The technical people know it's "hip" inside so to speak, in a way that style-concious people know it's hip outside.
The Apple haters are people not used to these worlds colliding, so the mock the Mac for daring to look good at all.
- AlwaysDuggDown, on 10/23/2007, -15/+3Profit margin higher than "BIG OIL". Not holding my breath for libs to call for investigations into iPod "price gouging".
- jmpeagle, on 10/23/2007, -1/+9oil is a commodity and therefore a low margin, high volume product. They obviously aren't price gouging if the demand for oil is still rising.
- Tenoq, on 10/23/2007, -1/+4iPods are a luxury item. They're not like food, water, utilities or oil. You don't HAVE to own an iPod... but you do HAVE to fill up your car so you can drive to work.
- jkoke, on 10/23/2007, -1/+6I think it's kind of scary that you think oil is a necessity. No, you don't have to drive a car to work. If you can't afford gas, then live closer to where you work, or get a different job. Is is nothing like food and water.
- DirtySnachez, on 10/23/2007, -0/+1You turned Apples profit margins into an attack on Democrats. Bravo, Classy sir, Bra-*****-vo.
- zybch, on 10/23/2007, -12/+3And I wonder just how much profit comes from the separate divisions/product lines.
Its probably still 70% or so from the ipod alone.- ronmexico, on 10/23/2007, -0/+11If you had read the third paragraph...
Apple's Mac business accounted for 50 percent of the company's total quarterly revenue.- Jonesy74, on 10/23/2007, -1/+0He said profit not revenue, i'd love to know that too
- ronmexico, on 10/23/2007, -0/+11If you had read the third paragraph...
- TheFlood16, on 10/24/2007, -1/+15Just don't buy any shares in after hours trading. You will most likely get burned without even knowing it.
My History teacher bought a ton of Apple stock back in 2001 or 2002 super cheap and he is now rolling in cash.- ronmexico, on 10/23/2007, -3/+3How much did 2000 lbs of Apple cost back then?
- krnldmp, on 10/23/2007, -1/+1You mean he's rolling in stock. Not nearly the same thing as cash.
- moisie, on 10/23/2007, -0/+1What did he sell them at? Why did he sell them?
- todd987, on 10/23/2007, -23/+2I'm a student and saw something on the news about Greenpeace. Omg, who care about Apples figures, lets face the facts. According to Green Peace, Apple is a messy company! Companies like Dell are showing progress though.
Facts here: http://www.greenpeace.org/raw/content/internationa ...
So, when you get an extra dollars or two from their stock, it partially comes from Apple cutting corners on the enviorment.- iFungus, on 10/23/2007, -1/+17Please shut up. We all know GreenPeace are alarmists and environmental opportunists, going after the company that gets the most media attention. They sold out long ago, and give a bad name to environmentalists.
- jmpeagle, on 10/23/2007, -2/+4so? If Apple started being much more "responsible" at the expense of lower profits causing their stock to fall, then I have a right to sue the hell out of them if I own the stock. The managers of Apple are not the owners. Fell free to be environmentally friendy, just don't make those decisions with other people's money.
- BlackAle, on 10/23/2007, -3/+1sue the hell out of them? lol, because they changed direction? get real.
- bitspace, on 10/23/2007, -1/+1If it's enough of a change in direction, and some regulations were stepped on, then yes the stockholders do have the option of filing suit. Other things would happen first, like voting some policy or personnel changes.
- BlackAle, on 10/23/2007, -3/+1sue the hell out of them? lol, because they changed direction? get real.
- Tenoq, on 10/23/2007, -0/+7Myth and has been debunked. Apple is one of the cleaner manufacturers. Who else is using LED-lit LCDs to reduce power requirements and toxic waste? :p
- ShadowMerchant, on 10/23/2007, -0/+2***** off, Grandma. Greenpeace are publicity whores, hitching their wagon to Apple's star.
- scslmd, on 10/23/2007, -1/+11Disclaimer: I own AAPL stock.
Well, some simple research shows the following:
* Apple one-year net profit margin: 13.9%
Difference from the company's 5-year average net profit margin: 7.0 pct. pts.
Difference from the average for the Personal Computer Systems group: 2.8 pct. pts.
Net profit margins (%)
Company 13.9%
Company 5-Yr Avg. 6.9%
Industry 11.1%
They're doing well so far. Let's hope the ride keeps going! - TheFlood16, on 10/23/2007, -2/+3Always dugg down lives up to his name. And technically, we're not even dealing with a "profit margin" by definition.
On a side note, My Economics professor told her summer class a few semesters ago just before Google went public at around $85 NOT TO BUY the stock....she now regrets telling them that...- jmpeagle, on 10/23/2007, -0/+8why would an economics professor be reccommending any stocks? That's not even in their field. That's business school, not the modelling of macro and micro economic variables on the economy.
- pcpimpster, on 10/23/2007, -9/+3It is easy to squeeze margins out of people who buy ipods, macs and iphones. Market share is the big number "average folk" could be looking at it.
- IllBeBack, on 10/24/2007, -1/+35"The Company sold 10,200,000 iPods during the quarter"
Damn, that's a huge number. Props to Apple for owning the MP3 market.- astrosmash, on 10/24/2007, -0/+22112,087 iPod per day
4,670 iPod per hour
77 iPod per minute
1.3 iPod per second.
That's a whole lotta iPod.
- astrosmash, on 10/24/2007, -0/+22112,087 iPod per day
- Nevotraz, on 10/23/2007, -9/+2Having the value of your shares go up is great, but you haven't made a dime (except for dividends) until you sell. Otherwise you just own something of fluctuating value.
- Calcularius, on 10/23/2007, -0/+10...from the 'no *****' department.
- chesscat, on 10/23/2007, -10/+5The revolutionary movement from broken Windows continues to gain strength. Hail Apple! Hail Steve Jobs!
- BlackAle, on 10/23/2007, -5/+4yeah that huge few % shift, really revolutionary! NOT!
- MacParrot, on 10/23/2007, -0/+1Market-share isn't won or lost in a day. It took Apple over 10 years to reduce the Mac market-share to disturbingly low numbers and its taken them over 7 years to start getting some back. Since 2001, Mac market-share has roughly doubled (depending on whose numbers you believe) and that is significant. Higher market-share means more developers will take a chance and make their products available to the Mac market.
- BlackAle, on 10/23/2007, -5/+4yeah that huge few % shift, really revolutionary! NOT!
- Calcularius, on 10/24/2007, -9/+3810,200,000 iPods > 9 Zunes
- over90000, on 10/23/2007, -2/+3Last I heard they've already sold 1 million plus Zunes.
- kineticarl, on 10/23/2007, -2/+6Woot sold 8894 Zunes today.
- superkendall, on 10/23/2007, -1/+4From the figures above, Apple sold 112,087 iPods today.
Woot is out of stock. Apple has pelnty more.- daza, on 10/23/2007, -0/+2Woot are meant to go out of stock. Prior to yesterdays sale they had already sold 39,000 Zune's. A fair effort for one site that only sells them on particular days, don't you think?
- superkendall, on 10/23/2007, -1/+4From the figures above, Apple sold 112,087 iPods today.
- BlackAle, on 10/23/2007, -12/+5...waits for the bubble to burst.
- MacParrot, on 10/23/2007, -0/+1and what will you do then? Say "Wow! I sure predicted that eventuality. I are smart!"
- over90000, on 10/23/2007, -10/+3Watch this article get 3000+ diggs. I wonder how much MS made this year. Anyone?
- superkendall, on 10/23/2007, -2/+4It's not about how much you made. It's about momentum and growth. While Microsoft fights a pitched battle with Sony and Nintendo for the gaming market, Apple owns the consumer multimedia device space... Windows OS share is of course quite strong but if Apple keeps growing laptop sales as they have been, and people buy more and more laptops... it doesn't take the Amazing Carnac to read that future.
- over90000, on 10/23/2007, -3/+1Just because Apple keeps growing laptop sales doesn't mean people aren't buying more of other laptops either.
- cfulp, on 10/23/2007, -0/+1In July 06, apple controlled 12% of the laptop market (http://www.macobserver.com/article/2006/07/19.16.s ... As of August 07, apple controlled 17.6% of the market (http://www.macworld.com/news/2007/08/21/appleshare ... The most recent financial report (the one posted here), shows that they sold over 1,347,000 macbooks (up from 1,130,000 the previous quarter). Considering the percentage of apple macbooks compared to all laptops as a whole, is increasing...wouldn't that mean people are buying more macbooks?
- over90000, on 10/23/2007, -3/+1Just because Apple keeps growing laptop sales doesn't mean people aren't buying more of other laptops either.
- jayfehr, on 10/23/2007, -0/+4You are probably correct that MS made more money then Apple this Quarter. But the point in this article is the 34% growth of the company. I don't think MS has grown that much in the last 3 months.
Also what people are getting excited about is that this is only the third quarter, so the stock is climbing because fourth quarter revenue is always higher due to the holiday season. It's as much as a sure thing as you're going to get this year,- over90000, on 10/23/2007, -0/+4Thing is when you are small, relatively small increases in sales will result in big growth.
- jayfehr, on 10/23/2007, -0/+2I'm not trying to be obtuse, but I don't understand your comment. The size of the company is irrelevant. Any company that grows by a third in a single quarter is going to gain the attention of investors. The shares could be $10 or $1000. Apple is a consumer electronics company, and it is making a lot of sales. Investors are going to jump on board. Especially right before the holidays.
Microsoft's current status is not a factor here. They are doing well. Vista is selling, but is also getting mixed reviews. So their growth is very slow. Xbox 360 is doing very well, but it's major push was last year. Microsoft doesn't currently have a big push. That doesn't mean they're failing as a company, just that this isn't a big year (media wise) for them.
This was an article about Apples current financial statement. Not a comparison of it's competition. MS will sell some Xboxes, Apple will sell some iPods. Both will also have relative flops, Zune or Apple TV. But both companies are driving competition and that's always good.
- jayfehr, on 10/23/2007, -0/+2I'm not trying to be obtuse, but I don't understand your comment. The size of the company is irrelevant. Any company that grows by a third in a single quarter is going to gain the attention of investors. The shares could be $10 or $1000. Apple is a consumer electronics company, and it is making a lot of sales. Investors are going to jump on board. Especially right before the holidays.
- jaypeg, on 10/23/2007, -0/+1This was 2007 Q4, the end of Apple's fiscal. The holiday season will be 2008 Q1.
- over90000, on 10/23/2007, -0/+4Thing is when you are small, relatively small increases in sales will result in big growth.
- ThatsUnpossible, on 10/23/2007, -0/+5What is more interesting is what Microsoft made INVESTORS, not what it made for itself. Compare to AAPL for the year:
http://finance.google.com/finance?chdnp=1&chdd=1&c ...
Would I have loved to own MSFT since their IPO? You bet. But for the past 10 years? No thanks, sideways trading for a decade is no fun...
http://finance.google.com/finance?chdnp=1&chdd=1&c ...
Compare to AAPL for 10 years:
http://finance.google.com/finance?chdnp=1&chdd=1&c ...- over90000, on 10/23/2007, -1/+3AAPL is just behind schedule. Do you really think they will keep growing at this rate once they reach MS's size?
- ThatsUnpossible, on 10/23/2007, -4/+2Why not? Microsoft dominates one main area: software, and in that arena, operating systems and office software. Apple dominates in portable music players, digital media sales, they COULD dominate in cell phones, they COULD dominate in home media center sales (Apple TV), and they COULD dominate in personal computers -- plenty of room to grow here for them. By virtue of selling the computers themselves, that would mean dominating in operating system software as well. They also have many other software offerings, such as iLife, iWork, which compete against MS Office. They also dominate in the artistic space. They get product placements often because the people that are making the TV shows, movies, etc are fans of their products. Steve Jobs is a marketing genius, often getting millions in free advertising by virtue of the cool ***** that Apple releases, and the manner in which they release it. The sky is the limit... if they continue executing. Time will tell, but I won't be selling my shares this decade.
- over90000, on 10/23/2007, -1/+3AAPL is just behind schedule. Do you really think they will keep growing at this rate once they reach MS's size?
- superkendall, on 10/23/2007, -2/+4It's not about how much you made. It's about momentum and growth. While Microsoft fights a pitched battle with Sony and Nintendo for the gaming market, Apple owns the consumer multimedia device space... Windows OS share is of course quite strong but if Apple keeps growing laptop sales as they have been, and people buy more and more laptops... it doesn't take the Amazing Carnac to read that future.
- k2fish, on 10/28/2007, -0/+40Wow, Forrest Gump must be a zillionaire by now...
- bremstrong, on 10/24/2007, -1/+12Microsoft stock had 10 yr. run where it went up 30 or 40 pct. a year. I wonder if Apple will grow like this for the next five or ten years.
Going from $10/share to $150/share in the last four years is a good start.- krnldmp, on 10/23/2007, -1/+2Worked well for housing.
- vmardian, on 10/23/2007, -0/+4Keep in mind that it's already a $150B company. If the shares were to increase by 30% a year for five years, Apple would be worth $550B, making it the largest USA company by today's standards (Exxon is worth $500B followed by GE at $410B).
- miniboss, on 10/23/2007, -11/+3So essentially you guys are celebrating that Apple charges us 30% more than they need to and as consumers we are getting overcharged for cheaper equipment that doesn't get refreshed nearly as fast as it should.
- jaypeg, on 10/23/2007, -0/+1Well, I'm celebrating the overall success of Apple. I'm a stock holder, so Apple is essentially buying my new computers.
- xkilleddestinyx, on 10/23/2007, -8/+9Screw being Bill Gates I think I'd rather be Steve Jobs now a days
- over90000, on 10/23/2007, -1/+6Except even with this rate of growth, Steve Jobs has a lot to do to catch up with Bill Gates.
- formerssgtusmc, on 10/24/2007, -1/+10rolling....rolling.....rolling...keep those iPods rolling Steve Jobbbbbbsss
- wildmannz, on 10/23/2007, -0/+4Nope- Over 60% of the profits this quarter were from Mac computers...
- formerssgtusmc, on 10/24/2007, -0/+1yeah, I know, iPods just fit the rhythm of the song better!!!
- BlueStarr, on 10/23/2007, -0/+1heheheeee
- wildmannz, on 10/23/2007, -0/+4Nope- Over 60% of the profits this quarter were from Mac computers...
- crakbot, on 10/23/2007, -10/+16.3 billion in sales and 904 million in profit. They would of been better off just investing the 6 billion in Google stock and then telling all those North Face hippies to buy their computers somewhere else.
- flipmeat, on 10/23/2007, -0/+11If 1.something million iPhones in a year is 1% of the market, factor in if it gradually crept up to 3 or 4 percent over, say, the next 18-24 months. If that happened, you could buy now and earn a modest profit in a few years. The Mac sales growth was a real stunner, that's a lot of Macs. Happy iPod and iPhone users, plus Vista being a snoozefest, = looking good for Cupertino.
- HappyScrappy, on 10/23/2007, -0/+1It's a 1B handset a year market. This is 0.1% of the market.
But the VAST majority of phones sold are a lot less than $399.
- HappyScrappy, on 10/23/2007, -0/+1It's a 1B handset a year market. This is 0.1% of the market.
- EvilAnimator, on 11/12/2007, -7/+18Suck it, haters. The greatness of Apple cannot be denied.
- Babazoz, on 10/23/2007, -1/+2Sure it can. When Macs start doing things like....RUNNING THE PLANET, then it can't be denied.
- over90000, on 10/24/2007, -1/+4How do I buy Apple shares?
- kineticarl, on 10/24/2007, -0/+10It's a secret.
- over90000, on 10/23/2007, -0/+1No seriously. It looks like a decent investment.
- KMartSheriff, on 10/23/2007, -0/+2etrade.com
Set up account which will link to say your checking account (with money in it obviously) and begin buying! It's that easy. However, you're a bit late to the game on AAPL (apple's ticker symbol). But hey if you want to buy go for it. They say it could shoot up to $200 a share.
- KMartSheriff, on 10/23/2007, -0/+2etrade.com
- BlueStarr, on 10/23/2007, -0/+1lol..
- over90000, on 10/23/2007, -0/+1No seriously. It looks like a decent investment.
- monkeyrun, on 10/24/2007, -0/+3it would be best if you wait for the invention of time machine first.
- s1ade, on 10/23/2007, -0/+1Didn't Steve already try that and got burnt? :-p
- superkendall, on 10/24/2007, -2/+1Stock Broker, preferably online (cheaper fees).
- kineticarl, on 10/24/2007, -0/+10It's a secret.
- chadseld, on 10/24/2007, -3/+6I was a mac user back when it was way uncool (OS 7 - 9). I'm loving the new hip status, but I am also leery and waiting for it all to come crashing down. Congratulations to all of you who won with AAPL, but I'll never put my money into that stock. Hip status can turn around as fast as a flock of birds.
- kineticarl, on 10/23/2007, -0/+1Understood, but what's the new hip alternative to iPods and Macbooks? I don't know that there is one. Sure there are alternatives that some people might prefer for various reasons, but the masses are speaking. I don't use any apple products myself because I'm one of those people who like other the other stuff out there, but I happily own their stock because they are doing extraordinarily well.
- antitab, on 10/23/2007, -0/+1Apple has had such heavy momentum since 2001 that I really doubt their "image" is going to come crashing down. Hell, even back in your day Apple was still seen as the artistic and educated choice, based on what Steve had to say at MacWorld 1997. That image is only growing, as more people (especially college students) become Mac users. And keep in mind that in ten or twenty years, today's hipster college kids are going to be upper management with families. Things are looking good for Apple.
- kinghami3, on 10/23/2007, -1/+1I feel very much the same way. We've been using Macs since 1991, and I'm glad they're popular; I'm just afraid they're going to lose sight of what makes them such a great company.
- wildmannz, on 10/23/2007, -0/+1Stock value has nothing to do with being hip. It's all in the numbers.
Apple have been showing that they are good at this for a few years now.
I wouldn't buy the stock at this level ($187) but in 6 months time - that may actually cheap for this stock.
Good on you for owning a Mac - but don't buy a stock because it's flavor the month. Do your research. - superkendall, on 10/23/2007, -1/+2Apple has multiple legs of profitablity though:
1) Macs - as we have seen, they can grow this market and it seems like an increasing rate. The network effect of people owning macs and being happy with them (something the satisfaction rate is an inidcator for) is what grows the market even more from here.
2) Sofware. Sure there's Leopard, but that's just this quarter... people discount (or at least forget about) all of the pro software Apple sells and is very successful with! Final Cut Studio, Aperture, etc. They have some seriously good software and as the OS improves so does this software as much of it is based on OS X frameworks.
3)iPod/iTunes. What competitor is even very close here yet? The iPod continues to move forward with the touch, and older iPods just got an updeate that is amazingly well received.
4) Movies/TV Shows. This is as of now still a "hobby" but Apple is already the largest seller of TV shows, what if they get serious here with the iPhone and Leopard launch out of the way? This is another huge growth area (though a field that is a lot murkier to see if Apple will really be as dominant as they are in online music sales).
Apple has a lot more legs to stand on and a lot of good momentum. - jaypeg, on 10/23/2007, -0/+1To your view point I would say, "No risk, no reward," but to those of us who have always used Macs, I believe I'm not alone in saying, "AAPL, what took ya so long!?"
- Altotus, on 10/23/2007, -0/+2Apple's market cap is currently 238% that of Dell, 113% that of HP, 96% that of IBM, and 53% that of Microsoft. If all 5 of those stocks continue on their 5yr average trends, Apple will be the biggest of the lot sometime next year. I'm all for rooting for the underdog, but that's kinda spooky.
- brindon, on 11/05/2007, -12/+26% of all computer users in North America care! Everyone else...not so much.
- wildmannz, on 11/05/2007, -0/+3Hmmm. Not just computers....iPods and iPhones too.
And Apple sells to more than just North America. - warragul, on 10/29/2007, -2/+2Old taunt is old. The figure is 8.1% at last report. Get used to it, poopsie.
- jaypeg, on 10/29/2007, -0/+3The 8.1% figure comes from Gartner who base that number on Apple shipping only 1.33M Macs in the quarter. Apple actually shipped 2.2M Macs, so we'll have to wait and see how that effects their share number, but it can't be bad :)
- wildmannz, on 11/05/2007, -0/+3Hmmm. Not just computers....iPods and iPhones too.
- nycmac247, on 10/24/2007, -3/+1-
- Merrick015, on 10/23/2007, -0/+1yeah no *****, my iphone was $600.
- BlueStarr, on 10/23/2007, -0/+2And you paid for that "I got it before all you suckers so ha!"....so shuddy.
- moisie, on 10/23/2007, -1/+2It's a shame Apple forced you to buy it against your will.
- nascarnate326, on 10/23/2007, -0/+1So was mine, but Im not bitching. I couldnt be happier, and at least we got Leopard for damn near free.
- jferrari, on 10/23/2007, -0/+1So are my calculations correct, that they make about 14% on sales.. yet people complain apple products are overpriced? It's common for most business to mark up 20-25% - plus the apple figure is probably before tax.
- Altotus, on 10/23/2007, -0/+114% is stellar in the computer market. HP and Dell net less than half that on their sales. Last year, HP sold 4x as many computers as Apple but had the same net profit (within 5%). Margins on computers are generally razor thin in the industry. Apple boosts their margins through normalizing their hardware designs (less variety = higher cost savings). Their prices are actually on-par with Dell and HP based on the components used and software provided (though both Dell and HP have lower-end models with cheaper components that cost less).
- osage, on 10/23/2007, -0/+1i agree!
- nkassi, on 10/23/2007, -0/+1Isn't this 3rd-quater informations? TFA said fourth.
- Rauby, on 10/23/2007, -0/+0Yea Apple! But I think Apple would make bigger profit if they would drop prices in Europe. For my new iMac 20" (2.4GHz) payed 1500 € (this is about $2150). So don't talk that Apple stuff is overpriced in USA.
- bmt3387, on 10/23/2007, -0/+0Is there anything Steve can't do?
- AceTracer, on 10/23/2007, -0/+1I bought Apple stock two months ago and it's already up 36%. Two ***** months.
I also bought RIMM and GOOG, and they're both up, in total I'm up about 25%. - Crusah, on 10/24/2007, -0/+1Amazing quarter really. Sales are strong across all their major product lines and profitability is constantly high margin wise. Company is firing on all cylinders. I wrote about the Apple's quarter and its future as an investment here http://wcpowertechfund.blogspot.com/2007/10/apple- ...
The Digg Toolbar for Firefox lets you Digg, submit content, and keep track of Digg even when you're not on the Digg site. Download the official 
© Digg Inc. 2008 —
Content posted by