[Judge_Fire]

http://www.apple.com/pr/library/2004/oct/13results.html

Nice, though international sales are slipping - oh, the missed opportunities to make even more money.

J

[tkmd]

This is great news. I was watching CNBC aminute ago and the guy was amazed "had to check the sheet twice....") Aftermarket trading has the price of AAPL at about 41$ pushing toward 42. Amazing performance of the iPod (2+ million sold) . I really feel that there will be a "halo" effect with the new iMac's considering these numbers. Look like a winner of a quarter....

[turtle777]

They posted it ALREADY ?

I thought they would wait till 5.00 pm for the stock exchanges to close...

-t

[xi_hyperon]

Wow. 500% increase in iPod sales over the same quarter a year ago.

[Shaddim]

*hugs his AAPL stock*

[AKcrab]

Originally posted by MacNStein:
*hugs his AAPL stock*

I got mine at $14.

[Nodnarb]

Originally posted by MacNStein:
*hugs his AAPL stock*

Agreed. It went up $1.46 today before the earnings report. I can't wait to see what it does tomorrow!

[Nodnarb]

Originally posted by AKcrab:
I got mine at $14.

Man...I came in at $33 ... but at least I'm up about $650 (only got 100 shares). Still pretty cool though.

[d4nth3m4n]

http://finance.yahoo.com/q/bc?s=AAPL...=on&z=m&q=l&c=

refresh my memory- what happened this time of year 2000? cube?

[Nodnarb]

Originally posted by d4nth3m4n:
http://finance.yahoo.com/q/bc?s=AAPL...=on&z=m&q=l&c=

refresh my memory- what happened this time of year 2000? cube?

Your saying the cube is that HUGE line down? If so, I had no idea the cube had that much negative influence on Apple. The cube, or whatever that decline was, looks like it almost ruined the company!

[Shaddim]

Originally posted by AKcrab:
I got mine at $14.

Yep, got mine at around 13 (I'd have to look it up). I swore I'd sell if it tripled up (went to 40), but I feel I'd be damned stupid to do it now given all the momentum it's built up.


I wonder if Ca$h sold his? I remember him bitching about how it would never break 20.

[d4nth3m4n]

Originally posted by brandon420506:
Your saying the cube is that HUGE line down? If so, I had no idea the cube had that much negative influence on Apple. The cube, or whatever that decline was, looks like it almost ruined the company!

no, i have no idea what did that. i was asking about the cube, because i the timing is about right (right?)

[Nodnarb]

Originally posted by d4nth3m4n:
no, i have no idea what did that. i was asking about the cube, because i the timing is about right (right?)

Oh. Well does anyone know what caused that huge decline? I'm curious now.

[King Bob On The Cob]

Originally posted by brandon420506:
Oh. Well does anyone know what caused that huge decline? I'm curious now.

Bad Market, Overvalued stock, first time not posting a profit in a LONG time. (Mainly, because of the cube not meeting expectations)

[d4nth3m4n]

wow, i was right. that was a HUGE spike in volume too. pretty nuts to look at.

[ManOfSteal]

Glad to finally see AAPL getting some action...for awhile, I thought it was only shooting blanks.

[dtriska]

Originally posted by brandon420506:
Oh. Well does anyone know what caused that huge decline? I'm curious now.

The tech bubble burst. Apple, being a tech company, was affected.

How young do you have to be to not know this?

Edit: I guess I should add that the earnings warnings didn't help:

http://www.apple.com/pr/library/2000/sep/28q4.html
http://www.apple.com/pr/library/2000...q1results.html

Originally posted by MacNStein:
I wonder if Ca$h sold his? I remember him bitching about how it would never break 20.

Yeah, he did.

[tkmd]

Originally posted by brandon420506:
Oh. Well does anyone know what caused that huge decline? I'm curious now.

I was there before the stock fell - the reason for this fall was based on the inventory backup. They released the cube (remember that?) and overpriced it. I think a top of the line cube G4 450 was near 2900$ - needless to say it was a flop - not that it was a bad computer but the fact that Apple was asking so much for it. Additionally, motorola was stuck at 500 Mhz for over a year and intel was pushing 1.2 Ghz. All these factors combined for back ups in inventory. Analysts paniced so did investors. The stock plummeted during the following quarterly review.

That was the famous SJ during the financial report saying "we dropped the ball". Glad were are out of those days.

[juanvaldes]

The bubble popped. Tons of .com's were filing bankruptcy every day apple WAS majorly overvalued and the above mentioned reasons.

[ironknee]

Originally posted by tkmd:

That was the famous SJ during the financial report saying "we dropped the ball". Glad were are out of those days.

any1 know where a copy of the quicktime of this is?

[mac freak]

Didn't Apple post profits along the lines of -$250 million that quarter? IIRC, that was a major factor.

[businezguy]

I'm concerned about Apple's dependance on the iPod. I'd really like to see them increase their computer sales by quite a bit. I hope this new iMac is a major it!

Also, I hope to see Apple increase share versus Windows over the next couple of years. Am I dreaming on this?

[pliny]

Sales were up overall by 6%, so Apple was selling more computers, though there were drops in emacs/imacs and Powermacs. The logjam was the G5 chips, hopefully now they are on their way to coming out in steady supply, and so numbers should be up more next quarter, which is good for Apple.

[djohnson]

If the chips start flowing better next quarter, what do you think the numbers will look like?

[scottiB]

Apple's guidance for the current quarter's revenue is 2.8-2.9B. I wouldn't be shocked if it's 3.1-3.3B. I bet they'll sell every iPod produced.

[pliny]

I hope they get to 1 millions Macs shipped next quarter.

[tkmd]

Originally posted by pliny:
I hope they get to 1 millions Macs shipped next quarter.

could very well happen. I just went to comp USA to pick up some stuff and I asked "where are the new iMacs on display?" -because I have yet to see one in person. He responded that all of the shipments they had gotten have already been sold- so the computer donsent even make it to the display model status. Not too much of a list on the seventeen inch model but a LONG list for the 20 inch. I thought that this was pretty good for apple- although I do think that the chip constraint (G5) also had something to do with the back log of orders also.

I still believe in the "halo effect " of the iPod craze.

[Spliffdaddy]

So this would be akin to BMW reporting record profits resulting from sales of their new line of refrigerators?

[phoenixboy70]

i have a friend here who has a small business selling apple computers etc. he told me from the roughly 200 products, apple is currently selling, 160 aren't available due to shipping shortages. among other things, he had to cancel 20 g5 powermac orders in the last couple of months.

WTF apple?

[Nodnarb]

Originally posted by MacNStein:
Yep, got mine at around 13 (I'd have to look it up). I swore I'd sell if it tripled up (went to 40), but I feel I'd be damned stupid to do it now given all the momentum it's built up.


I wonder if Ca$h sold his? I remember him bitching about how it would never break 20.

Thats a good thing you didnt sell, because as of now (1:40 EST) the stock has gained $5.44 making the total price now $45.19 (and theres still a couple hours left on it).

I'm sitting here wondering what to do about this, if I should sell it or if it will continue to grow. I saw on the MacNN homepage that the target price is now $49 instead of $44. I'm having a realllll hard time making this decision? What are all the other shareholders planning to do?

[Spliffdaddy]

sell. never let greed get in the way of making a guaranteed profit - now.


7-day Prediction:

Lots of shares being sold, price stabilizes, hopeful souls hold shares in an effort to glean more profit. Price declines, slowly at first...hopeful souls still expect rebound and hold shares. Stock price drops progressively faster, down to last year's levels. Hopeful souls bitch about never making money on Apple stock.

[Shaddim]

Originally posted by brandon420506:
Thats a good thing you didnt sell, because as of now (1:40 EST) the stock has gained $5.44 making the total price now $45.19 (and theres still a couple hours left on it).

I'm sitting here wondering what to do about this, if I should sell it or if it will continue to grow. I saw on the MacNN homepage that the target price is now $49 instead of $44. I'm having a realllll hard time making this decision? What are all the other shareholders planning to do?

I'm sitting on it now, but I bought with a mid/long range investment in mind... it just didn't take as long to crest 40 as I'd thought it would. Did you have a target sell price in mind when you bought it?

[Nebagakid]

dude, i bought it thinking i would sell at 25... then 30... then 40..... now.... I don't know

$135

[DeathToWindows]

I got 10 shares as a gift when I turned 17... they were bought at 17.10/share

Think I'll hold on to them...

[ambush]

Originally posted by phoenixboy70:
i have a friend here who has a small business selling apple computers etc. he told me from the roughly 200 products, apple is currently selling, 160 aren't available due to shipping shortages. among other things, he had to cancel 20 g5 powermac orders in the last couple of months.

WTF apple?

one of the best known apple dealer here (B.Mac) had to close its doors because they had NOTHING i repeat NOTHING to sell.

edit

[ambush]

Originally posted by hayesk:
I don't know about Quebec, but B.Mac in Ottawa closed because they had a huge retail space that they filled with sofas and a pool table. I dunno, I would have put products there. They had almost all of the Apple products in stock, but not third party software, hardware etc.

They had a lot of stuff when they first opened, but then it slowly dwindled to nothing.

I got insider info. My boss told me the reason they had to close is Apple not giving computers.

I worked this summer for a retailer, they had 3 G5s in stock and they were already all sold...

apple international is such a big joke.

oh and they have a profit margin of like 1% or less.

[Eug Wanker]

Two Mac places here in Toronto majorly expanded their stores relatively recently.

[Shaddim]

Originally posted by ambush:
I got insider info. My boss told me the reason they had to close is Apple not giving computers.

I worked this summer for a retailer, they had 3 G5s in stock and they were already all sold...

apple international is such a big joke.

oh and they have a profit margin of like 1% or less.

Oh bull. I co-own a store that sells Apple and I know how much they make. No, it's not a huge margin, but I do know it's 8-20% (8% on an eMac and almost 20% on Xserves and Xserve RAIDs). Add in 3rd party RAM and a few accessories and you can easily get 15-25% margins on ANY Mac. And we don't sell a huge amount of systems, maybe 10-15 /wk.

Furthermore, the only things that are coming in slowly are iPod minis, iMac G5s (the low and high models specifically) and the 2.5 G5. Everything else has <1 wk ship times.

Apple Int'l may be a bit slower and may not offer quite as much margin as domestic Apple, but I don't believe it's as bad as you say.

[businezguy]

I remember when Apple's stocks were valued at $13 and everybody was saying how absurd that was because Apple had 4 billion in cash, and the stock matched that value. That was SO obvious at the time. It's amazing it took that long to figure it out.

Although, BTW, before I try to come across as Mr. Smart Ass investor, I never thought Apple would get all of the way up to $49 and SO quickly. It's possible Apple MAY have hit two home runs in a row. It's too early to tell, but the iMac may very well be that second home run. I think that is what investors have in the back of their minds when these high bids.

I remember reading about a year ago, that Microsoft was predicting a higher transition to Apple computers during their transition to Longhorn (this was investor relations). I wonder if these next two years will be a temporary wave in which Apple gains some market share, only to fall off when Longhorn is released.

[RGB]

Damn I really wish I woulda bought early in the summer when the stock plummeted. I knew at that point it wouldn't go any lower than that for a lonnng time (I think it was either when they announced no iMacs for a few months, or when Steve left temporarily).

Oh well.

[Thorin]

There's a couple of good articles from the Register looking at this:

Apple results best for nine years
Apple profits leap as iPod sales rocket

It's interesting to note that during the Fiscal Year 2004, Apple shipped 4.42m iPods, but the total iPods shipped is now 5.74m. That means that 77% of all iPods ever sold have been sold in the last 12 months. I find that amazing! iPod has gathered a massive amount of momentum in the last 12 months.

It's also interesting, that Apple sold 876,000 Macs in Q3, which fell to 836,000 in Q4. If you think that for nearly 2 and a half months of the quarter, Apple weren't shipping iMacs, a drop of less than 5% in total mac sales is pretty impressive. (Obviously it would have been better if they had been shipping iMacs, and there'd been an increase rather than a drop in sales, but they still seem to have made the best of a bad situation).

[AKcrab]

Originally posted by MacNStein:
Oh bull.
..snip..

Thanks. Those posts sounded like FUD.

[pliny]

Originally posted by pliny:
I hope they get to 1 millions Macs shipped next quarter.

heh heh. they got 1,046,000.

[Big Mac]

Originally posted by dtriska:
The tech bubble burst. Apple, being a tech company, was affected.

How young do you have to be to not know this?

Edit: I guess I should add that the earnings warnings didn't help:

http://www.apple.com/pr/library/2000/sep/28q4.html
http://www.apple.com/pr/library/2000...q1results.html

In addition to that, Apple was valued at nearly $100 at the height of the dot.com boom. The stock split. Then we saw insider selling, cube launch, losses, and the tech bubble burst. I too am concerned about Apple's reliance on the iPod. Besides, AAPL is quite inflated right now. I recommend setting your stop loss orders. Eventually iPods will saturate the market, the craze will die down and Apple will steadily lose momentum until coming back to rest around $30. Then we'll wait a few more years for the next insanely great thing.

[Spliff]

Why have PowerMac sales been so mediocre? Are they overpriced? Are laptops and the iMac "good enough" for most people?

[pliny]

Originally posted by Big Mac:
I I too am concerned about Apple's reliance on the iPod.

Heh heh, why?? Look at Microsoft, they have ridden two products, Office and Windows, for EVER.