Tag Archives: stock market

Apple reports 2013 Q1 earnings: $13.1b profit, $54.5b revenue, Macs up 1%, iPhones up 58%, iPads up 26%, iPods down 19%

January 24, 2013News, TechnologyApple, Apple quarterly earnings, Apple sales, earnings, finance, financial results, money, profit, quarterly earnings, revenue, sales, sales figures, stock, stock market, stock price, Tim CookScott Meisner

On Wednesday Apple reported its first quarter financial results and the company broke more records, naturally. Apple posted a $13.1 billion profit on $54.5 billion in revenue. Compare this to one year ago, that’s up from a profit of $13.06 billion on $46.33 billion in revenue. Says CEO Tim Cook: “We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter. We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”

Now let’s break it down by product category. Apple sold 47.8 million iPhones in the quarter (compared to 37 million in the year-ago quarter); 22.9 million iPads (compared to 15.4 million); 4.1 million Macs (compared to 5.2 million); and 12.7 million iPods (compared to 15.4 million). The company’s “hobby” Apple TV sold 2 million units representing a 60 percent unit increase over the year-ago quarter.

Looking ahead to the second fiscal quarter of 2013, Apple CFO Peter Oppenheimer expects revenue between $41-$43 billion.

Leading up to and following Apple’s quarterly financial results, its stock (AAPL) took a nosedive below the $500 threshold. Today, January 24, it dropped 63.51 points (12.35%) to $450.50 when the market closed. After hours it dropped another 2.13 points to $448.37. If there was a time to announce an exciting new product that promises to revolutionize the way we watch and consume TV content, that time would be now.

[Via Apple]

Apple reports 2012 Q2 earnings: $11.6b profit, $39.2b revenue, Macs up 7%, iPhones up 88%, iPads up 151%, iPods down 15%

April 28, 2012News, TechnologyApple, Apple quarterly earnings, Apple sales, earnings, finance, financial results, money, profit, quarterly earnings, revenue, sales, sales figures, stock, stock market, stock price, Tim CookScott Meisner

On Tuesday Apple reported record March quarter results and they go like this. Apple posted a $11.6 billion profit on $39.2 billion in revenue. Compare this to one year ago, that’s up from a profit of $6.0 billion on $24.7 billion in revenue. Says CEO Tim Cook: “We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”

Now let’s break it down by product category. Apple sold 4 million Macs during the quarter (representing a 7 percent unit increase over the year-ago quarter); 35.1 million iPhones (representing an 88 percent unit growth); an impressive 11.8 million iPads (representing a 151 percent unit growth); and 7.7 million iPods (representing an 15 percent unit decline).

Following this announcement, Apple stock (AAPL) jumped significantly to $610 (a +50 increase), just surpassing Google’s stock that was at $609 that day. Today APPL has cooled down a bit and rests at $603 and Google has taken the lead once more and holds steady at $614.98.

Looking ahead to the third quarter, Apple CFO Peter Oppenheimer expects revenue of about $34 billion and diluted earnings per share of about $8.68.

[Via Apple]

Apple is worth more than Micro$oft, so deems market capitalization

May 28, 2010News, TechnologyApple, finance, market capitalization, Microsoft, stock market, valueScott Meisner

On Wednesday Apple did what was long believed impossible–it surpassed long-time competitor Microsoft in valuation for the first time in twenty years. At the end of the trading day, Apple was up about $3 billion against Microsoft, sitting at roughly $222 billion. These figures mean a lot of things, but one defining statement just rolls off the tongue: Apple is officially worth more than Microsoft; Apple is more valuablethan the tech beast that is Microsoft. This is a very significant development for the tech company that could. For as long as these two companies existed, heated competition paved the way for innovation. Apple came first, but Microsoft quickly scooped up market and mind share with their leads in software. Nowadays, however, things are quickly changing as Apple has jumped into various tech industries beyond the PC including music players, phones, tablets, and the TV. Apple is gaining the mind share back, and according to these latest financial numbers, they have sprinted past Microsoft in the list of worthiness. Apple fanboys, don’t get too excited though; the two tech companies are neck-and-neck in the charts and things can change on a day-by-day basis. In fact, as of right now (5/28, mid-afternoon) Apple (AAPL) leads Microsoft (MSFT) 232.31 billion to 225.58 billion in market capitalization. These numbers fluctuate, but for now, Apple’s in the lead. Congratulations to Team Apple; you’ve made it to the top of the heap.

Update: Microsoft CEO Steve Ballmer downplays the shift in market value: “We are executing very well, that’s going to lead to great products and great success. I will make more profits and certainly there is no technology company on the planet which is as profitable as we are. Stock markets will take care of the rest.” Though he does not mention Apple specifically, he does go on to say: “it is a long game”…”we have good competitors …”we too are very good competitors.” He also went on to address the recent company shakeup with these choice words: he “wouldn’t predict any drastic changes” in company strategy and “we’ll have to accelerate plans.” Plans for what, Mr. Ballmer? Time will tell.

[Via Engadget, here & here; CNET; YahooFinance; WSJ]

NASDAQ and CEA introduce a Smartphone Index

April 16, 2010News, Technologybusiness, CEA, cell phones, Consumer Electronics Association, index, NASDAQ, smartphones, stock marketScott Meisner

This is an awesome sliver of news coming from the business world. NASDAQ and the Consumer Electronics Association have teamed up to announce NASDAQ OMX CEA Smartphone Index. The new index is comprised of 84 companies “that are primarily involved in the building, design and distribution of handsets, hardware, software, and mobile networks associated with the development, sale and usage of smartphones.” The smartphone industry has certainly become an important and impactful industry as of late; receiving its own index in the stock market further cements its significance thus far in the world of technology. Some of the companies in the index include Apple, Google, and Research in Motion (RIM). It was given a starting value of 250.00 on April 12; today it currently sits at 257.14.

[Via MarketWatch; Engadget]