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Apple financial results posted

Crisis, what crisis?

     
10:11 pm on Jul 21, 2009 (gmt 0)

WebmasterWorld Senior Member swa66 is a WebmasterWorld Top Contributor of All Time 10+ Year Member



[apple.com...]
Apple® today announced financial results for its fiscal 2009 third quarter ended June 27, 2009. The Company posted revenue of $8.34 billion and a net quarterly profit of $1.23 billion, or $1.35 per diluted share. These results compare to revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share, in the year-ago quarter. Gross margin was 36.3 percent, up from 34.8 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter’s revenue.

It's interesting to note they sold

  • 2.6 million mac computers (+4%)
  • 10.2 million iPods (-7%, predicted)
  • 5.2 million iPhones (+626%)
10:46 pm on Jul 21, 2009 (gmt 0)

WebmasterWorld Administrator travelin_cat is a WebmasterWorld Top Contributor of All Time 10+ Year Member



And their stock went down today.... guess people were expecting even more from them.
10:46 pm on Jul 22, 2009 (gmt 0)

WebmasterWorld Senior Member swa66 is a WebmasterWorld Top Contributor of All Time 10+ Year Member



Most if not all of the stock market is short sighted by default. It's far too easy to buy and sell.

Any company selling top of the line models only in a supposedly declining market and increasing both revenue, profit and also gross margin is a big achievement.

Esp. in the light of those stockholder panic from Steve Jobs being ill, this was without Steve Jobs at the helm and they did well.

1:07 pm on Jul 24, 2009 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



And their stock went down today.

Another case of buy on rumor, sell on news.

 

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