I’m guessing that it must suck to be Apple at the moment. You release for fiscal Q1 2013 numbers and announced that they posted revenue of $54.5 billion and net quarterly profit of $13.1 billion. Both numbers are all time company records. But when compared to the year ago quarter, they were basically flat and missed the street’s expectations. That caused the stock to nosedive 10% in after hours trading.
Man, the street are tough people to please.
Some things I picked up from their discussion about their numbers:
- There’s one thing that I did note in reading through their press release. Apple has a staggering $137 billion in cash. What’s are they going to do with that money? Bigger dividend’s? A stock buyback? A spending spree?
- 47 million iPhones were sold last quarter which is up from 37 million this time last year. Wow.
- 22.9 million iPads were sold last quarter which is up from 15 million this time last year. Wow.
It will be interesting to see if Apple can keep this pace up. Investors clearly don’t think they can. But we shall see.
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This entry was posted on January 24, 2013 at 7:25 am and is filed under Commentary with tags Apple. You can follow any responses to this entry through the RSS 2.0 feed.
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Apple Reports “Record” Results….. But Stock Dives 10%
I’m guessing that it must suck to be Apple at the moment. You release for fiscal Q1 2013 numbers and announced that they posted revenue of $54.5 billion and net quarterly profit of $13.1 billion. Both numbers are all time company records. But when compared to the year ago quarter, they were basically flat and missed the street’s expectations. That caused the stock to nosedive 10% in after hours trading.
Man, the street are tough people to please.
Some things I picked up from their discussion about their numbers:
It will be interesting to see if Apple can keep this pace up. Investors clearly don’t think they can. But we shall see.
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This entry was posted on January 24, 2013 at 7:25 am and is filed under Commentary with tags Apple. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.