The moves in different directions for Amazon and Apple have been about expectations and guidance. Wall Street has higher expectations for Apple and ‘different’ expectations for Amazon. Wall Street wants Apple’s ‘gross margins’ to grow. They don’t expect Amazon’s ‘profits’ to grow. It sounds silly, but if Apple has reported lower profits and a huge gross margin increase the stock… → Read More
Apple CEO Tim Cook responded to questions about the issue of potential cannibalization of Mac sales by iPad devices on today’s earnings call, a question made more timely by the fact that Mac sales were down considerably on the quarter. He reiterated that supply constraints are leading to fewer sales, but also tackled cannibalization as a broad topic, noting that there is opportunity there for the… → Read More
Today during Apple’s Q1 2013 conference call, CEO Tim Cook was asked about whether Apple was concerned about Apple’s overall market share in smartphones. No one mentioned the A-word (Android, that is) but over the last several years, Google’s platform, led by Samsung, has widened its lead in the smartphone market and as of last quarter accounted for over 72% of smartphone sales (up 20 percentage… → Read More
One of the most embarrassing happenings in recent Apple history was the launch of its own Maps offering with iOS 6. People were getting lost and wondering why Apple decided to cut Google out of the OS at all. Google has since released its own iOS version of its apps product, and so far the feedback has been impressive. During today’s Q1 2013 earnings call, Cook discussed where Apple is with… → Read More
Apple CEO Tim Cook took time on the company’s earnings call today to comment on a specific rumor, which is an extreme oddity for Apple’s top-tier executives. He prefaced it by saying he doesn’t want to make a habit of addressing rumors, but went on to comment on recent reports that iPad and iPhone part order volumes have been cut owing to weak demand. → Read More
As we learn more about Apple’s Q1 in 2013, we’ve found out some interesting facts about Apple’s retail stores. The company says that it has opened 401 stores total, with four new ones in China alone. The average revenue per store is $1.25 million per week, compared to $1.22 million last year. It’s no secret that Apple has unlocked something very special in its retail… → Read More
Let’s put Apple’s amazing cash on hand numbers into perspective once again. The company now has $137.1 billion in cash — a 12.9 percent increase from the last reported number, $121.3 billion. With such a big figure, it’s hard to realize how big it actually is. In 2012, HP had $120.4 billion of annual revenue. Apple slightly edges HP’s revenue with its cash. Even more impressive, Apple has… → Read More
There are plenty of nifty tidbits to sort through in Apple’s most recent earnings release, so here’s a little aid if you’re more of a visual learner than a text skimmer. We (by which I mean our graphics guy Bryce) have crafted a handful of charts to help you more easily sift through Apple’s quarterly accomplishments, and hey — if you feel like learning a little more, clicking each of the charts… → Read More
News came today that Apple’s Mac sales are down 21% year-over-year and 16% for the quarter. While 4.1 million Macs sold in Q1 2013 is nothing to sneeze at, it’s still nearly a quarter year-over-year loss, which makes investors nervous. → Read More
Apple just announced its Q1 2013 earnings, and investors don’t seem to be convinced. The company missed on revenue and exceeded expectations on earnings per share. After a solid day of trading for Apple shares (NASDAQ:AAPL), the stock dropped more than 10 percent in after-hours trading, inducing a big market capitalization meltdown. It is the biggest drop of the past four years for Apple… → Read More
Apple today posted Q1 earnings that indicated that — despite wider problems in the European economy, and price and device competition from Android everywhere, it continues to make advances in international markets. Apple broke out sales in Greater China — which includes the Mainland, Hong Kong and Taiwan — on its balance sheet, which were up by 67% on the same quarter last year, and 26% on the… → Read More
Apple just released its earnings report for Q1 2013, ending in December of last year, with a solid hardware quarter overall. The iPhone dominated with 47.8 million units sold in the quarter, up quarterly and yearly, with Apple also breaking records with 22.9 million iPads sold. The iPhone 5 saw its first full quarter of availability this period, as well as a nice holiday sales boost. Analysts had… → Read More
Apple’s Mac sales for its first fiscal quarter of 2013 were not very impressive, despite high holiday appetite among consumers and new models. The company moved 4.1 million Macs in total, including notebooks like the new 13-inch Retina MacBook Pro released last quarter, and all-in-ones like its refreshed iMac line, which also made their first appearance during Apple’s fiscal Q1. → Read More
Here we go: Apple has just released its fiscal Q1 2013 financials, and they’re a sight to behold. Apple reported $54.5 billion in revenue (up 17.7% from the year-ago quarter), $13.1 billion in profit (flat from the year-ago quarter), and earnings of $13.81 per share. → Read More
Apple does well during the holidays, that’s something that’s become extremely obvious. The company has just announced that it did $6.4B in retail store sales, which is up from $6.12B in the last holiday quarter. The year before? $3.85B. That’s extreme growth, and introducing new products at the end of the year like the iPad mini certainly help those numbers climb. Also, retail… → Read More
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