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Apple Q1 2012 results: $13bn profit, $97.6bn in the bank
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Posting Junkie
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Apple's Q1 2012 results have just come in, and they're impressive to say the least, ahead of even the most liberal analysts. Here's some interesting bits:
-The iPad outsold the iPod for the first time (15.43m units vs 15.4m)
-iPhone sales increased 128%.
-Mac sales are still growing steadily, up by 26%.
-Apple has $97.6bn in cash, but "we're not letting it burn a hole in our pockets."
-Due to Thailand flooding, Apple is expecting increases in hard drive prices by March, but increased prices didn't affect last quarter.
-Apple made as much in Q1 2012 as it made in Q1 and Q2 2011 combined.
The conference call is still going on, so some interesting tidbits will be popping up I'm sure.
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Mac Elite
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Beat me by 1 minute. Great minds think alike?
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Addicted to MacNN
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I read somewhere that PC market grew 0%, but the Mac grew 26%.
Also, all that money from the iTunes store, including the 30% cut from all App Store sales, only adds up to 4% of total earnings.
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Clinically Insane
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Originally Posted by lpkmckenna 
I read somewhere that PC market grew 0%, but the Mac grew 26%.
Also, all that money from the iTunes store, including the 30% cut from all App Store sales, only adds up to 4% of total earnings.
According to Jean-Louis Gassee, it's less than 2% of revenue, and much less than 2% of total profits:
Why Apple Should Follow Michelin | Monday Note
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Posting Junkie
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Originally Posted by lpkmckenna
I read somewhere that PC market grew 0%, but the Mac grew 26%.
Also, all that money from the iTunes store, including the 30% cut from all App Store sales, only adds up to 4% of total earnings.
I've heard similar things for the past few quarters; that basically the Windows-based PC market hasn't grown, but the OS X market continues to grow. In my opinion though, the best sign of strength in OS X at the moment is that 50% of Mac buyers are new to the platform. That's been happening for a couple of years now, and it's great news.
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Posting Junkie
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Two thirds of the cash is being held outside the US to avoid repatriation costs.
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Clinically Insane
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Congratulations to Apple on the quarter. Congratulations to AAPL longs.
It's neat that JLG still cares about Apple enough to write current articles about the company.
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"The natural progress of things is for liberty to yield and government to gain ground." TJ
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Makes you wonder why Apple doesn't look at taking only 10% of App Store revenue. One would think that an extra 3rd of their revenue would prompt paid developers to push out more exclusive content for Apple's platforms. It would also leave Google in the lurch.
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Addicted to MacNN
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Originally Posted by mduell
Two thirds of the cash is being held outside the US to avoid repatriation costs.
It will get taxed in any country it chooses to cash in at. Nobody counts on having their income unaffected by taxes.
Reinvesting and creating jobs are the only way to go. Why are shareholders so fixed in getting a dividend?
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Clinically Insane
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Originally Posted by Salty
Makes you wonder why Apple doesn't look at taking only 10% of App Store revenue. One would think that an extra 3rd of their revenue would prompt paid developers to push out more exclusive content for Apple's platforms. It would also leave Google in the lurch.
Why change what's working splendidly?
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Clinically Insane
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To make it work even more splendidly. Developers would get a financial boost and another incentive to develop first and primarily for iOS, if Apple were to decrease its fees; the company can certainly afford to do so.
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"The natural progress of things is for liberty to yield and government to gain ground." TJ
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Professional Poster
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To ensure that quality content is first and foremost available on iOS. Android is currently being bought bought by the cheap, the geeky and the stupid, ensure that continues.
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Moderator  Join Date: May 2001
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Originally Posted by lpkmckenna
I read somewhere that PC market grew 0%, but the Mac grew 26%.
No, the PC market actually shrank by 5.9 %. If you exclude Apple which is growing against the global trend, it shrank by 8.5 %. Yikes! Those numbers obviously exclude the iPad!
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I don't suffer from insanity, I enjoy every minute of it.
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Posting Junkie
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I have plenty of more important things to do, if only I could bring myself to do them....
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Mac Elite
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The Almighty will probably be sending the email about now.
Date: Today
To: Tim Cook, Apple, et.al
From: God
About: Money.
You have more money than I do.
Cheers!
G.
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