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32% quarterly profit growth, 22% quarterly revenue growth. Good night. In case you're doing the math at home: ~$24M/hour. ~$500,000/minute. ~$6,500/second.

32% quarterly profit growth, 22% quarterly revenue growth. Good night. In case you're doing the math at home: ~$24M/hour. ~$500,000/minute. ~$6,500/second. (And an extra $200B in the bank.) Unbelievable.

cadalac 11y ago
Assuming $18T (static) US dept, apple can pay it in 85 years?
supercoder 11y ago
Apple are doomed.
- tequila_shot 11y ago
  I'm sorry I don't get it, doomed why? Honest question.
  - stonesam92 11y ago
    It's sarcasm. Industry analysts and the media often claim that Apple is doomed, but given their earnings obviously this is far from the case.
    - TheOtherHobbes 11y ago
      They still can't fix their software. (Drag and drop is intermittently borkened in El Capitan.) And besides - what are they going to do with all that money? At some point the actual size of the cash pile becomes an irrelevance - unless they're buying countries, secretly trying to set up a private army that could take on all the world's superpowers at the same time, or running a combined FTL/anti-gravity research lab.
      - cryptoz 11y ago
        > And besides - what are they going to do with all that money? The consensus seems to be that they will enter larger markets, like automobiles. Cars cost billions to research and develop and are therefore a difficult and expensive market to enter. If Apple does enter and dominate this market, that would cost them a huge amount of their cash store but would open up additional revenue streams similar or greater than they currently enjoy.
        nickbauman 11y ago
        Apple Pacemakers. Apple Aerospace. Apple Commercial Jumbo Jets. Apple Aircraft Carriers.
        alwillis 11y ago
        Cars cost billions to research and develop and are therefore a difficult and expensive market to enter. There's no market that Apple might enter that won't cost billions in research and development. How many billions have been invested already in iPhone, iPad and Mac product cycles? If Apple does enter and dominate this market, that would cost them a huge amount of their cash store but would open up additional revenue streams similar or greater than they currently enjoy. The development of the Apple car is being paid out of the R & D budget. Further, even with the tons of cash on hand, Apple has been active in bond markets around the world, since interest rates are near all-time lows. According to the conference call, Apple has borrowed around $56 billion, which they could easily fund all kinds of stuff, including the car.
        alwillis 11y ago
        Here's some evidence: "Apple R&D spending hit $8.1B in 2015, suggests continued work on massive project" http://appleinsider.com/articles/15/10/28/apple-rd-spending-hit-81b-in-2015-suggests-continued-work-on-massive-project http://appleinsider.com/articles/15/10/28/apple-rd-spending-...
      - nickbauman 11y ago
        World class software requires a certain amount of money. But increasing the talent and will for better software is not a problem you can just throw more money at to solve. The number of people who can write software at Apple's level is finite, and you can't just buy your way into owning all of them.
aapl8888 11y ago
Now imagine if McDonald's or Walmart got these same earnings. A large contingent would be calling for Tim Cook's head for earning billions while Apple's lowest earning American workers who assemble their computers earn "poverty" wages, even lower than Walmart's own minimum wage of $10 per hour. I do find it befuddling how some companies are given a pass but others aren't.
- rco8786 11y ago
  There's a huge contingent of people doing exactly this.
  - aapl8888 11y ago
    Not exactly, especially when compared to the angry voices directed at Walmart or McDonald's. I implore you to count the number of news stories admonishing Walmart or McDonald's wages and the number of protests against their wages. Then compare it to what Apple gets.
    - rco8786 11y ago
      I'm certainly not going to put much effort into proving you wrong when the impetus is on you to support your own point... but google searches for "apple poor working conditions" yields over 9mm results while "walmart poor working conditions" yields only 350k.
- whyenot 11y ago
  What do "Apple's lowest earning American workers" make? edit: About $25k a year, with benefits according to the NY Times[1]. That would be about $13 an hour, although the NYT also quotes an employee making $11.25 an hour. http://www.nytimes.com/2012/06/24/business/apple-store-workers-loyal-but-short-on-pay.html?_r=2&hp&pagewanted=all http://www.nytimes.com/2012/06/24/business/apple-store-worke...
danielrm26 11y ago
If they can't finally get the iPhone 7 right, I'm not sure what's going to become of them.
- diminish 11y ago
  Apple is the premium seller with highest customer satisfaction, but looking forward the following risks exist; iPod disappeared as a story and iPad doesn't seem to be a growth area. IWatch doesn't seem becoming as big as iPhone. On the iPhone, more focus is needed as 63% of revenue comes from phones and there all bullets seem to be fired: China expension, large screens. IPhone market share peaked long time ago and iPhone isnt growing as fast as the smartphone industry overall. Due to 3M sales from China moving to Q4 we didn't see sales peak but Christmas quarter seems to be a sales peak for YoY growth. Initial activation nunbers from China suggest a YoY decrease in units sold as well as some providers suggest Apple cut orders. Let's see what Tim Cook can do as he has to use some actions beyond calendar tricks in next 4 quarters. Investors will hate a YoY revenue and iphone sales drop.
  - danielrm26 11y ago
    Are you doing satire as well?
    - serge2k 11y ago
      Reads like one of those awful investor blogs you get when you google AAPL
Cookingboy 11y ago
In this quarter AAPL have made more profit than AMAZ has ever made in its entire lifetime as a company, and probably for the next 5 years too. AAPL also has about the same revenue growth as FB/GOOGL, while trading at about 1/10th the PE. Man, Wall Streets really, really hate this company.
- austenallred 11y ago
  To be fair, Amazon is a pretty bad company to compare to with regard to profit; Amazon intentionally tries to have 0 profits while increasing revenue. Apple is literally running into the, "How much more money could you possibly make?" problem.
  - deleted 11y ago
    [deleted]
  - r00fus 11y ago
    Which is ridiculous on the face of it - why would Wall St. subsidize Amazon's quest for 0 profits while spurning Apple's kingly quarterly earnings? The reason is that Wall St. is threatened by Apple because they cannot control them.
    - what_ever 11y ago
      I disagree. The only point people on Wall St pay attention to is how to make more money. Apple depends a lot on iPhone for it's profits to trading at other companies' P/E.
    - s73v3r 11y ago
      Because they keep growing revenue. It's not that they want to not have profit, it's that they're wanting more to reinvest in the business than just have profit sitting around, or returning it to the shareholders. If it wasn't for that attitude, we wouldn't have AWS. We also wouldn't have the Kindle Fire Phone, so take that statement as you will.
- nickbauman 11y ago

cadalac 11y ago

Assuming $18T (static) US dept, apple can pay it in 85 years?

supercoder 11y ago

Apple are doomed.

tequila_shot 11y ago
I'm sorry I don't get it, doomed why? Honest question.
- stonesam92 11y ago
  It's sarcasm. Industry analysts and the media often claim that Apple is doomed, but given their earnings obviously this is far from the case.
  - TheOtherHobbes 11y ago
    They still can't fix their software. (Drag and drop is intermittently borkened in El Capitan.) And besides - what are they going to do with all that money? At some point the actual size of the cash pile becomes an irrelevance - unless they're buying countries, secretly trying to set up a private army that could take on all the world's superpowers at the same time, or running a combined FTL/anti-gravity research lab.
    - cryptoz 11y ago
      > And besides - what are they going to do with all that money? The consensus seems to be that they will enter larger markets, like automobiles. Cars cost billions to research and develop and are therefore a difficult and expensive market to enter. If Apple does enter and dominate this market, that would cost them a huge amount of their cash store but would open up additional revenue streams similar or greater than they currently enjoy.
      - nickbauman 11y ago
        Apple Pacemakers. Apple Aerospace. Apple Commercial Jumbo Jets. Apple Aircraft Carriers.
      - alwillis 11y ago
        Cars cost billions to research and develop and are therefore a difficult and expensive market to enter. There's no market that Apple might enter that won't cost billions in research and development. How many billions have been invested already in iPhone, iPad and Mac product cycles? If Apple does enter and dominate this market, that would cost them a huge amount of their cash store but would open up additional revenue streams similar or greater than they currently enjoy. The development of the Apple car is being paid out of the R & D budget. Further, even with the tons of cash on hand, Apple has been active in bond markets around the world, since interest rates are near all-time lows. According to the conference call, Apple has borrowed around $56 billion, which they could easily fund all kinds of stuff, including the car.
        alwillis 11y ago
        Here's some evidence: "Apple R&D spending hit $8.1B in 2015, suggests continued work on massive project" http://appleinsider.com/articles/15/10/28/apple-rd-spending-hit-81b-in-2015-suggests-continued-work-on-massive-project http://appleinsider.com/articles/15/10/28/apple-rd-spending-...
    - nickbauman 11y ago
      World class software requires a certain amount of money. But increasing the talent and will for better software is not a problem you can just throw more money at to solve. The number of people who can write software at Apple's level is finite, and you can't just buy your way into owning all of them.

aapl8888 11y ago

Now imagine if McDonald's or Walmart got these same earnings. A large contingent would be calling for Tim Cook's head for earning billions while Apple's lowest earning American workers who assemble their computers earn "poverty" wages, even lower than Walmart's own minimum wage of $10 per hour. I do find it befuddling how some companies are given a pass but others aren't.

rco8786 11y ago
There's a huge contingent of people doing exactly this.
- aapl8888 11y ago
  Not exactly, especially when compared to the angry voices directed at Walmart or McDonald's. I implore you to count the number of news stories admonishing Walmart or McDonald's wages and the number of protests against their wages. Then compare it to what Apple gets.
  - rco8786 11y ago
    I'm certainly not going to put much effort into proving you wrong when the impetus is on you to support your own point... but google searches for "apple poor working conditions" yields over 9mm results while "walmart poor working conditions" yields only 350k.
whyenot 11y ago
What do "Apple's lowest earning American workers" make? edit: About $25k a year, with benefits according to the NY Times[1]. That would be about $13 an hour, although the NYT also quotes an employee making $11.25 an hour. http://www.nytimes.com/2012/06/24/business/apple-store-workers-loyal-but-short-on-pay.html?_r=2&hp&pagewanted=all http://www.nytimes.com/2012/06/24/business/apple-store-worke...

danielrm26 11y ago

If they can't finally get the iPhone 7 right, I'm not sure what's going to become of them.

diminish 11y ago
Apple is the premium seller with highest customer satisfaction, but looking forward the following risks exist; iPod disappeared as a story and iPad doesn't seem to be a growth area. IWatch doesn't seem becoming as big as iPhone. On the iPhone, more focus is needed as 63% of revenue comes from phones and there all bullets seem to be fired: China expension, large screens. IPhone market share peaked long time ago and iPhone isnt growing as fast as the smartphone industry overall. Due to 3M sales from China moving to Q4 we didn't see sales peak but Christmas quarter seems to be a sales peak for YoY growth. Initial activation nunbers from China suggest a YoY decrease in units sold as well as some providers suggest Apple cut orders. Let's see what Tim Cook can do as he has to use some actions beyond calendar tricks in next 4 quarters. Investors will hate a YoY revenue and iphone sales drop.
- danielrm26 11y ago
  Are you doing satire as well?
  - serge2k 11y ago
    Reads like one of those awful investor blogs you get when you google AAPL

Cookingboy 11y ago

In this quarter AAPL have made more profit than AMAZ has ever made in its entire lifetime as a company, and probably for the next 5 years too. AAPL also has about the same revenue growth as FB/GOOGL, while trading at about 1/10th the PE. Man, Wall Streets really, really hate this company.

austenallred 11y ago
To be fair, Amazon is a pretty bad company to compare to with regard to profit; Amazon intentionally tries to have 0 profits while increasing revenue. Apple is literally running into the, "How much more money could you possibly make?" problem.
- deleted 11y ago
  [deleted]
- r00fus 11y ago
  Which is ridiculous on the face of it - why would Wall St. subsidize Amazon's quest for 0 profits while spurning Apple's kingly quarterly earnings? The reason is that Wall St. is threatened by Apple because they cannot control them.
  - what_ever 11y ago
    I disagree. The only point people on Wall St pay attention to is how to make more money. Apple depends a lot on iPhone for it's profits to trading at other companies' P/E.
  - s73v3r 11y ago
    Because they keep growing revenue. It's not that they want to not have profit, it's that they're wanting more to reinvest in the business than just have profit sitting around, or returning it to the shareholders. If it wasn't for that attitude, we wouldn't have AWS. We also wouldn't have the Kindle Fire Phone, so take that statement as you will.
nickbauman 11y ago