Apple BEATS Street Predictions turns in record breaking quarter!
Ping!
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I guess the street expected more. Last look it was down in after hours. Tomorrow will tell.
They did great but was it very much above the street estimates?
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Classic buy the rumor and sell the fact.
Hmmm...they didn’t publish the number of units sold of watches. Or did they and it’s just not in this screenshot?
More money for the homo-nazi and his ignorant sycophants to kill freedom.
Toshiba Japan just got caught cooking the books.
I wonder how many accounting wizards Apple has in its employ. The books are probably kept in India; do you think the SEC would spend money investigating? They need to investigate Trump right now. No time for AAPL.
That's amazing for any company. For one as large as APPL, it's astounding.
Mac Daily News — Apple 3rd Quarter Financials Conference Call — July 21, 2015
- Conference call begins.
- Tim Cook: Apple today posted record quarterly revenue of $49.6 billion and record quarterly net profit of $10.7 billion
- Apple experiences the highest switcher rate from Android that Apple has ever recorded
- Mac sales defy the industry trend with 9% growth in a market that IDC says contracted by 12%
- App Store produced its best quarter ever with revenue growing 24%
- China results were outstanding for iPhone and Mac
- Cook: Apple Watch production ramp made huge progress over the quarter
- Cook: Apple Watch in 19 countries currently with 3 more coming by the ned of the month
- Wristly measured a 97% customer satisfaction rate for Apple Watch
- Hospitals using Apple Watch into health care
- Over 8,500 apps for Appel Watch already, with watchOS 2 and native apps coming soon
- Cook: It is a rare and special privilege to launch a new platform like Apple watch
- Apple very excited about Apple News app. Have signed many top publishers already
- Apple thrilled with launch of Apple Music
- Customers and reviewers love the human curation of Apple Music
- Millions and millions of peopel are already enjoying Apple Music every day
- Over 15,000 artists have signed up to use Apple’ Music’s Connect
- Apple Pay launched in the UK with over 250,000 locations
- Apple Pay in US has much momentum700 colleges and universities will accept Apple Pay
- American Express to add Apple Pay support next month
- Apple Pay acceptance on track for over 1.5 million locations by end of 2015
- Luca Maestri: Another record quarter
- China revenue doubled YOY to over $13 billion
- $15 billion cash flow from operations
- iPhone quarterly unit sales: 47.534 million
- iPad quarterly unit sales: 10.931 million
- Mac quarterly unit sales: 4.796 million
- Apple thrilled with reception to the new MacBook
- iPad has 76% share of U.S. tablet market for tablets over $200 (APple does not compete in the low-end tablet market)
- IBM MobileFirst for iOS released 13 new apps (35 total) for enterprise. On track for over 100 apps by end of the year
- AAPL After Hours: $122.38, down $8.37 or -6.40% @ 5:20PM EDT
- Revenue from “Other Products” grew sharply, up 56% YOY. Category includes sales of Apple TV, Apple Watch, Beats Electronics, iPod and Apple-branded and third-party accessories
- Appel will not disclose Apple Watch unit sales in order to not provide competitors with that information
- Global Apple Retail Stores 456; 40 in Greater China by the middle of next year
- Apple returned over $13 billion to shareholders during the quarter
- Apple is providing the following guidance for its fiscal 2015 fourth quarter: – revenue between $49 billion and $51 billion – gross margin between 38.5 percent and 39.5 percent – operating expenses between $5.85 billion and $5.95 billion – other income/(expense) of $400 million – tax rate of 26.3%
- Apple’s board of directors has declared a cash dividend of $.52 per share of the Company’s common stock
- The dividend is payable on August 13, 2015, to shareholders of record as of the close of business on August 10, 2015
- iPhone channel inventory down by over 600,000 units. Apple sold more than they expected to sell – Cook
- iPhone growth is nearly 3x the smartphone market
- 73% of iPhone customers have not yet upgraded to iPhone 6 or iPhone 6 Plus. There is a lot of headroom left for iPhone upgraders – Cook
- Apple has seen the highest rate of Android to iPhone switchers that the company have ever measured
- Apple expects another stellar quarter (fiscal Q415; this current quarter) for iPhone sales
- Maestri: Currency headwinds continue to be strong
- Maestri: As Apple prepares for “a busy fall,” gross margins will decline
- Maestri: iPhone 6 Plus is doing particularly well in Greater China and Asia
- Cook: We will not disclose the shipments of Apple Watch in order to not give competitors that insight
- Cook: Look at “Other products” category. The aggregate in that category are shrinking.
- Cook: Through the end of the quarter, the Apple Watch sell-through is higher than the original iPhone and iPad – at just 680 points of sale (mostly online).
- Cook: We are very excited with the positioning of Apple Watch. Native apps are “going to be killer.”
- Cook: We expect Apple Watch to be one of the holiday’s hottest gifts
- Cook: I feel fantastic about Apple Watch
- Cook: Apple Watch customer sat is off the charts and, when we see such high customer sat for other products, they are blockbusters
- Cook: If we do a great job on our products, people will be willing to pay more because the products offer so much more
- Cook: New “upgrade anytime” cellphone plans could help the upgrade rate, shorten the upgrade cycle, for iPhone
- Cook: We think the iPhone has a lot of legs to it. Many, many years. There is much innovation left to do. We’re in the early innings here.
- Cook: I am still bullish on iPad. We have incredible new features coming with iOS 9 for iPad, especially.
- Cook: I believe that the iPad consumer upgrade cycle will eventually occur. Usage remains unbelievably great. iPad usage is 6x greater the next tablet competitor
- Cook: We remain extremely bullish on CHian and we continue to invest. China will be Apple’s largest market at some point in the future.
- China volatility on the markets may create some speed bumps in the near term, but stock market participation among households in narrow (vs. the U.S., for example)
- China worry, for Apple, is overstated and we’re not changing anything with our plans for China
- Cook sees an an incredible rise of the middle class in China and tremendous opportunity for Apple
- Cook: I think China is an incredible, unprecedented opportunity
- Apple is very focused on growing iPhone around the world
- Luca hates currency headwinds. No really, he does. Remarkably, Apple would be doing even better without them
- iPhone has increased in all geographies around the world despite price increases due to those blasted currency headwinds
- Cook: Apple Watch’s June sales were higher than sales in April or May (thanks, we assume, to having actual supply to begin to satisfy demand – MDN Ed.)
- End of conference call.
The financial performance of Apple is simply astounding and there is probably no other company in the history of human civilization that has grown so quickly and innovated so much.
I am still buying Apple stock because I think in a few years time, we will see annual revenue exceed a trillion dollars ($1,000,000,000,000) and if they maintain that 35% profit margin, they will generate $350,000,000,000 in profits in a year.
Pulverized? Funny I was.watching FBC when the numbers came ouf. Many a talking said plenty, pulverized wasn’t one of the words mentioned. Me thinks another tech bubble is on the horizon, sealed in stone if the Chinese economy tanks.