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For the quarter, Apple posted revenue of $28.27 billion and net quarterly profit of $6.62 billion, or $7.05 per diluted share, compared to revenue of $20.34 bil
by chugger 15y ago
For the quarter, Apple posted revenue of $28.27 billion and net quarterly profit of $6.62 billion, or $7.05 per diluted share, compared to revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, in the year-ago quarter.
Apple's yearly profit and revenue were company records with Apple reporting more than $100 billion in yearly revenue for the first time ever.
Typical BS. These are the same clueless analysts who predicted iPhone 4S sales were going to be a disaster.
This is a blockbuster quarter for Apple. They earned $8 Billion more than the year-ago quarter.
- chugger 15y agoThis too. Apple profits jump 54% on record sales Only idiot Wall street analysts would be disappointed by a 54% jump in profit.
- mcphilip 15y agoI doubt anyone's disappointed that profits jumped 54%. The disappointment is that the earnings did not meet the street's expectations.
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- Symmetry 15y agoIf you expected a 64% jump in profits and bought the stock at a premium on the basis of that then you actually do have a right to be disappointed.
- chugger 15y agowhy would you buy stock at a premium unless you're buying put options?
- clarky07 15y agoApple isn't selling at a premium though. It has a pe of < 12 when you take out the cash. I agree that things go down when expectations aren't met, the thing is the expectations don't make any sense at all. Apple is the only company in the world that could grow 54%, have a pe of 12, and still go down.
- chugger 15y ago@clarky07 exactly. Apple's PE is unbeleivably low. if you put Apple on the same PE multiple it traded on in 2006, Apple's market cap would be $1 Trillion. Why Apple might just be the first $1 trillion company http://blogs.reuters.com/columns/2011/08/09/why-apple-might-just-be-the-first-1-trillion-company/ http://blogs.reuters.com/columns/2011/08/09/why-apple-might-...