Apple rockets to most profitable quarter ever

Mac Daily News ^ | Monday, January 25, 2010 - 06:07 PM EST

[Swordmaker]

Apple BLOWS AWAY the STREET! Largest Profits in its history... PING!

APPLE RISING! Ping!

If you want on or off the Mac Ping List, Freepmail me.

[HangnJudge]

Stock market halted bidding on APPLE stock late this afternoon
May be an indicator of disorderly trade volume interest

[BunnySlippers]

Imbalance ...

[BurbankKarl]

they changed their accounting method for subscriptions...hence the huge number.

[rbmillerjr]

Apple should be up huge.

But if it isn’t, it is a clear signal that the market as a whole has alot further to go down...the correction everybody has been calling for, could be here.

[BurbankKarl]

http://www.marketwatch.com/story/apples-upside-comes-from-accounting-shift-2010-01-25?dist=afterbell

more info here

[Swordmaker]

Stock market halted bidding on APPLE stock late this afternoon May be an indicator of disorderly trade volume interest

The Conference Call for the announcement of the 1st Fiscal Quarter 2010 (September 26 - December 26, 2009) results was scheduled to start a half hour after close of trading...

[big'ol_freeper]

Excuse me but weren’t the Apple haters gleefully predicting that Apple’s gravy train would end with the recession. People wouldn’t choose to purchase Apple products because they “cost more”. Guess the prognosticators were wrong..as usual.

[VeniVidiVici]

Waiting for the liberals and Mac-o-phytes to start screaming about Apple’s obscene profit margin.

[RightOnTheLeftCoast]

"Stock market halted bidding on APPLE stock late this afternoon
May be an indicator of disorderly trade volume interest"

Cool. I bought a hunk last week. First time I've been in AAPL since selling off the big wad I'd purchased in 1997 just as the market tanked a year or 18 months ago. I think it'll do well; their performance is just amazing, and Jobs seems poised to revolutionize-slash-define a whole new market with this tablet thing that's coming up.

I like how they keep throwing stuff against the wall, and learning from their mistakes. The original iPod-in-a-cell-phone, that dismal thing they did in partnership with Motorola, begat the iPhone. Next up, will it be the Newton or Apple TV doing the begetting? Or something else entirely?

[Swordmaker]

Excuse me but weren’t the Apple haters gleefully predicting that Apple’s gravy train would end with the recession. People wouldn’t choose to purchase Apple products because they “cost more”. Guess the prognosticators were wrong..as usual.

Yes, they were... but Apple has posted bigger and better quarters every quarter, and year over year gains each quarter since the recession/depression began... and double digit gains despite products that sell in the upper tiers of their respective markets... because people appreciate quality.

[SunkenCiv]

Finally they’ve peaked, and are now doomed. /sarc

[dayglored]

> Excuse me but weren’t the Apple haters gleefully predicting that Apple’s gravy train would end with the recession. People wouldn’t choose to purchase Apple products because they “cost more”. Guess the prognosticators were wrong..as usual.

I'm sure DennisW will be here shortly with his name-calling about the "Jesse Jobs Gang" and how Apple is doomed (DOOMED!) because really no one buys Macs or other Apple products. Right? I mean, those sales numbers mean nothing. NOTHING!

3...2...1... ;-)

[dayglored]

And for those who say that it's all Apple fanboi hype, here's some more info from the Wall Street Journal:

Apple 1Q Profit Up 50% On IPhone, Mac Sales

[dennisw]

How does it feel to be ripped off? A stooge?
Millions of overcharged dupes and stooges made for that bottom line. For some it’s a badge of honor to be robbed by the JesseJobs gang. They stay with the Cuppertino gangstas the way an abused wife often sticks with her husband or baby daddy

[dayglored]

> How does it feel to be ripped off? A stooge? Millions of overcharged dupes and stooges made for that bottom line. For some it’s a badge of honor to be robbed by the JesseJobs gang. They stay with the Cuppertino gangstas the way an abused wife often sticks with her husband or baby daddy

Thanks, man. I knew I could count on ya. :)

FWIW, I buy Apple hardware when it makes sense (best value to meet a particular need). I've also got HP hardware, Compaq, Dell, you name it. And a couple of small brands you've never heard of.

I don't consider myself overcharged -- unless I become disappointed in the hardware later on. So far the Apple stuff has given at least as good value over time as any of the other hardware, and sometimes better.

My motto: Buy what makes sense for the task at hand, and don't buy shit regardless of how cheap it is. There's just no way to pick up a turd by the "clean end".

[Swordmaker]

they changed their accounting method for subscriptions...hence the huge number.

The previous year's numbers were adjusted to reflect the change in accounting rules as well as this year's quarter's... the increases are real.

[SunkenCiv]

:’) I’m kinda surprised (always) that higher profits (and better products) are considered some kind of thought crime by various alleged conservatives, and not just on FR.

[dayglored]

> :’) I’m kinda surprised (always) that higher profits (and better products) are considered some kind of thought crime by various alleged conservatives, and not just on FR.

Different strokes. Some people will just always choose products based on lower initial purchase price, even when it's demonstrably the poorer bargain over the life of the product.

When they see people making the more intelligent choice of paying a little more initially and avoiding higher costs afterward, they feel threatened. So they lash out.

Ah, well, human nature, I suppose.

In the case of Apple, it seems they develop a grinding hatred of the company too. Some sort of envy, maybe; I don't really know. But as you say, it blinds them to the fact that Apple is a perfect example of capitalism succeeding against the economic odds.

The bottom line is that Apple is returning exceedingly good value on their stockholders' investments. That's what they're supposed to be doing. And Steve Jobs, for all his groovier-than-thou aspect and turtleneck sweaters, is doing exactly what he's supposed to be doing for the stockholders.

Any so-called conservative who can't see that, and feel good about a capitalist success story, is just blinded by stupid hatred.