Hot off the presses: Apple reports $2.33/share earnings for the Jan-Mar quarter, up 33% over last year, on $58B in revenues, up 27% Y/Y. They sold 61.2 million iPhones. Gross profit margin up; now 40.8%.

Frankly, these numbers are waaaay better than Google (which showed anemic 4% earnings growth, missing analyst expectations), Microsoft (whose earnings were actually off by 10% Y/Y, but less than analysts expected), or Amazon (still bleeding millions red every quarter on billions of revenue), but Wall Street was kind to those three.

But this _is_ Apple were talking about. So, doomed. Set your expectations appropriately.

Edit: per-share earnings actually up 40%, not 33%, as posted by myself and others earlier; discrepancy may be due to reduction in share count number through buybacks...



Edited 1 time(s). Last edit at 04/27/2015 03:51PM by pdq.

Also increasing share buyback...

...and dividend.

Stock up...about 1% after hours.

It is Apple we're talking about, after all.



Edited 1 time(s). Last edit at 04/27/2015 03:46PM by pdq.

Whoo hoo! THAT'S what I was expecting to hear!

---

Mr. Lahey: A lot of people, don’t know how to drink. They drink against the grain of the liquor. And when you drink against the grain of the liquor? You lose.

Randy: What the @#$%& are you talking about?

And increasing the dividend by 11%...

Doomed.

Beleaguered.

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Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.

Big-leaguered.

iPads still declining, Mac sales apparently missed expectations by a hair...

...but that iPhone number is a blowout, over even raised expectations, no matter how you slice it.

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Lew Zealand
Big-leaguered.

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Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.

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pdq
no matter how you slice it.

Or bend it.

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Lux Interior

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pdq
no matter how you slice it.

Or bend it.

Or blend it.

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pdq
iPads still declining

"Apple's more expensive, higher-margin device continues to cannibalise the cheaper, lower-margin one." - From Twitter

While I detest Icahn, I believe that his AAPL value call of USD$203 is actually low.

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bhaveshp

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pdq
iPads still declining

"Apple's more expensive, higher-margin device continues to cannibalise the cheaper, lower-margin one." - From Twitter

My minuscule understanding of business suggests that that's a good thing.

I'm happy. Truly starting to impact my retirement (which tells you how beleaguered the rest of retirement savings is...)

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Lew Zealand

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bhaveshp

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pdq
iPads still declining

"Apple's more expensive, higher-margin device continues to cannibalise the cheaper, lower-margin one." - From Twitter

My minuscule understanding of business suggests that that's a good thing.

Not always. Since the iPhone market is still growing (as fast as the larger market, I can't say, I think the last record quarter still saw overall market shrink a little), not a big deal, but for shrinking businesses, it would only paper over the inability to sustain a market. You would do okay in the short term and it is probably better than lower margin products cannibalizing higher end products (see Microsoft Lumia phone sales as a great example), but eventually you would lose critical mass with suppliers if you were selling fewer units. Apple has a lot of clout because of the sheer size of their business.

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pdq
iPads still declining, Mac sales apparently missed expectations by a hair...

...but that iPhone number is a blowout, over even raised expectations, no matter how you slice it.

Yeah, I have no hope for iPads at this point. The iPad Air 2 is likely the best iPad ever and while the mini retina hasn't been updated in a while (touch ID and additional color is a pretty tepid update), it is still a pretty nice tablet as well, yet sales continue to slide downwards. I've noticed local Targets have drastically reduced inventory over the last 8 months or so. There was definitely some build up for the holidays, but there haven't been full cabinets in a while. As sales are down, can't be a supply issue, right?

It still seems strange a community started as a deal site would celebrate higher profit margins.

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silvarios
It still seems strange a community started as a deal site would celebrate higher profit margins.

The community started as a Mac site. Your anti-Apple bias is coloring your view of…everything.

---

"In science it often happens that scientists say, 'You know that's a really good argument; my position is mistaken,' and then they would actually change their minds and you never hear that old view from them again. They really do it. It doesn't happen as often as it should, because scientists are human and change is sometimes painful. But it happens every day. I cannot recall the last time something like that happened in politics or religion." (1987) -- Carl Sagan

The problem with iPad sales is that the iPad 2 still runs the latest iOS version, though only barely. I'll likely be updating my iPad soon. So will many others.

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**************************************
MacResource User Map: [www.zeemaps.com]#

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davester

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silvarios
It still seems strange a community started as a deal site would celebrate higher profit margins.

The community started as a Mac site. Your anti-Apple bias is coloring your view of…everything.

I make three comments and that's what you focus on? Then again Dealmac, say, what again? Deal plus Mac equals…? The there's MacResource, specifically Tips and Deals. Even still, let's say it was purely a Mac site, what has that got to do with loving everything Apple? Did you love all the Newtons, displays, printers, speakers, etc as well? Did you like some Macs and not others? If you aren't 100% in, does that reflect anti Apple bias or simply a normal consumer?

I don't worship at the feet of profit margin and wonder why fellow consumers posting in the tips/deals forum would similarly care. Put it this way, when Netflix barely raised rates, people had a heart attack, and there was much hand wringing and feet stomping, but as Apple keeps bumping their profit margins and has now literally started selling gilded obsolescence (seriously, a luxury smart watch, eh Apple????*), it is worthy for unabashed adulation? Purely as joe the consumer, why do I care? If I should care, why not applaud every company I patron making more profit off my purchases? Goose and gander and all that jazz, right my friend?

Anywho, the community, in my mind, and I could be dead wrong, has always been about the users. While our shared Mac using experience and need for finding related deals is what initially brought the crew together, there is so much more here than mere corporate induced fanaticism. Do you disagree?

Apple stock is doing wonderful, Apple is selling plenty of product, some of their products are really great, some are not. Nothing controversial, right?

P.s. Oh yeah, you didn't actually refute anything I said with a factual rebuttal. I could claim you have bias because you are a single source consumer, but what do I know about you really? Nothing, right? So don't pretend to guess my motives without offering reasonable discourse first. Thank you and I apologize in advance for the sharp tone.

*While the Apple Watch is not my cup, I don't mind another entry into the field, I'm purely referring to the stupidly expensive edition in my comment.



Edited 4 time(s). Last edit at 04/28/2015 01:20AM by silvarios.

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ztirffritz
The problem with iPad sales is that the iPad 2 still runs the latest iOS version, though only barely. I'll likely be updating my iPad soon. So will many others.

That's an interesting theory. iPads have a slower update cycle than iPhones, so the next big uptake should be later in the year? While I'm operating from the people would rather have one or two devices, not three and increasingly phone is one, PC is two, and tablet is seen as a luxury, I can definitely see the merits of your theory.

P.s. I still love tablets.

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silvarios
It still seems strange a community started as a deal site would celebrate higher profit margins.

Unless you consider some of us are championing the higher profit margins so as to make the deal we got on our Apple stock even better

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(vikm)

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silvarios
It still seems strange a community started as a deal site would celebrate higher profit margins.

Unless you consider some of us are championing the higher profit margins so as to make the deal we got on our Apple stock even better

See, that fair enough. I bought in at $25ish. Long since sold, but it paid for itself over and over.

Anything related to Apple TV sales? Price drop goose sales?

Some of us were in the wilderness a long time. Now we enjoy seeing a little kick-@ss.

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silvarios

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davester

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silvarios
It still seems strange a community started as a deal site would celebrate higher profit margins.

The community started as a Mac site. Your anti-Apple bias is coloring your view of…everything.

I make three comments and that's what you focus on? Then again Dealmac, say, what again? Deal plus Mac equals…? The there's MacResource, specifically Tips and Deals. Even still, let's say it was purely a Mac site, what has that got to do with loving everything Apple? Did you love all the Newtons, displays, printers, speakers, etc as well? Did you like some Macs and not others? If you aren't 100% in, does that reflect anti Apple bias or simply a normal consumer?

I don't worship at the feet of profit margin and wonder why fellow consumers posting in the tips/deals forum would similarly care. Put it this way, when Netflix barely raised rates, people had a heart attack, and there was much hand wringing and feet stomping, but as Apple keeps bumping their profit margins and has now literally started selling gilded obsolescence (seriously, a luxury smart watch, eh Apple????*), it is worthy for unabashed adulation? Purely as joe the consumer, why do I care? If I should care, why not applaud every company I patron making more profit off my purchases? Goose and gander and all that jazz, right my friend?

Anywho, the community, in my mind, and I could be dead wrong, has always been about the users. While our shared Mac using experience and need for finding related deals is what initially brought the crew together, there is so much more here than mere corporate induced fanaticism. Do you disagree?

Apple stock is doing wonderful, Apple is selling plenty of product, some of their products are really great, some are not. Nothing controversial, right?

P.s. Oh yeah, you didn't actually refute anything I said with a factual rebuttal. I could claim you have bias because you are a single source consumer, but what do I know about you really? Nothing, right? So don't pretend to guess my motives without offering reasonable discourse first. Thank you and I apologize in advance for the sharp tone.

*While the Apple Watch is not my cup, I don't mind another entry into the field, I'm purely referring to the stupidly expensive edition in my comment.

---

Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.

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silvarios

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ztirffritz
The problem with iPad sales is that the iPad 2 still runs the latest iOS version, though only barely. I'll likely be updating my iPad soon. So will many others.

That's an interesting theory. iPads have a slower update cycle than iPhones, so the next big uptake should be later in the year?

I usually suck up new iThings. iPads were getting better rapidly in the beginning, and I bought the 1st, 2nd and 3rd gen as they came out. The 3rd was too big & heavy & a step back IMHO. Skipped 4, as it was just a 3 with lightning. Once the Air refurbs came out, I snapped up a 128 GB. I love it and see no need for an upgrade in the near future.

So slowing iPad sales make sense to me.

Sadly...unbelievably...AAPL is actually down this morning after as I write this.

Well, maybe not so unbelievably. After all, Apple is doomed.

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pdq
Sadly...unbelievably...AAPL is actually down this morning after as I write this.

Well, maybe not so unbelievably. After all, Apple is doomed.

This is like complaining about the plight of the Yankees. Apple is doing fine, the company is making lots of money, investing is essentially a game, your investment will again stabilize and the keep rising is Apple crushes another quarter.

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Lux Interior

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silvarios

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ztirffritz
The problem with iPad sales is that the iPad 2 still runs the latest iOS version, though only barely. I'll likely be updating my iPad soon. So will many others.

That's an interesting theory. iPads have a slower update cycle than iPhones, so the next big uptake should be later in the year?

I usually suck up new iThings. iPads were getting better rapidly in the beginning, and I bought the 1st, 2nd and 3rd gen as they came out. The 3rd was too big & heavy & a step back IMHO. Skipped 4, as it was just a 3 with lightning. Once the Air refurbs came out, I snapped up a 128 GB. I love it and see no need for an upgrade in the near future.

So slowing iPad sales make sense to me.

Yeah, makes sense to an extent. A few clarifications, the 4 should have offered a genuine performance bump over the 2 and 3. I agree the 3 was a step back in many ways, even if the screen was brilliant. Heavier, slightly worse battery, and no real boost in performance given the processing power needed to move around all those pixels.

The AIr is a brilliant tablet, same with the mini retina, but the Air 2 is a pretty large performance jump. Had I just bought an Air, doubt I would immediately upgrade, but there is a potentially noticeable advantage to using the Air 2.

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silvarios
…A few clarifications, the 4 should have offered a genuine performance bump over the 2 and 3. I agree the 3 was a step back in many ways, even if the screen was brilliant. Heavier, slightly worse battery, and no real boost in performance given the processing power needed to move around all those pixels.

If you aren't doing compute-intensive applications, the iPad 3 is still a very nice tablet. Ours continues to get daily use since the first day they became available and it's killer feature, the retina screen, continues to make it feel like a current product.

We are not compute-intensive (Little Zealand's games tax it the most but they still appear to run smoothly) so the only real drawback is the weight. That wasn't addressed until the Air came out and I'll bet that even with the considerable gains in performance that the iPad 4 received, the 3 won't seem much different in everyday tasks. Remember that the 3 did receive a considerable performance increase in it's video processor, which was needed for the screen.

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The AIr is a brilliant tablet, same with the mini retina, but the Air 2 is a pretty large performance jump. Had I just bought an Air, doubt I would immediately upgrade, but there is a potentially noticeable advantage to using the Air 2.

I have an iPad Mini 2 as my tablet and am very happy with it as the specs on introduction were better than expected. Here's the thing: it is simply not 4x or whatever faster (ie: wow, that's fast!) than the iPad 3 on almost everything we do in the 2 devices. If you are using the most current compute-intensive games, I am sure they would show an obvious difference in performance but our gaming is of the mostly nonviolent type and those don't tax the processor and GPU as much.

That's the "problem" for Apple with the iPads. The 3 (and the 2 and Mini by extension) are *still good enough* for almost all uses. There's no need to upgrade. The only limitation for many users will be the low rez screen in the 2 and Mini and if they got a 16GB (or 32 for some) model. Both of ours are 64GB for longevity and that was money well spent, even with Apple making us fork it over beforehand.

edit: change emphasis



Edited 2 time(s). Last edit at 04/28/2015 04:05PM by Lew Zealand.