Posted on 01/24/2012 2:22:11 PM PST by PreciousLiberty
Bouncing back from a rare earnings miss, Apple (AAPL: 420.41, -7.00, -1.64%) revealed first-quarter results late Tuesday that crushed Wall Street’s expectations, as the consumer-electronics heavyweight continues to capitalize on huge demand for its blockbuster products.
Aside from announcing gigantic beats, the Cupertino, Calif.-based company reported all-time record sales for its iPhone, iPad and Mac devices as well as surprisingly upbeat guidance for the current quarter.
Wall Street cheered Apple's impressive quarter, bidding the company's stock 8.69% higher to $457.05 in extended trading.
(Excerpt) Read more at foxbusiness.com ...
I believe Apple has a well-entrenched culture of excellence that will lead to great products, both hardware and software, for the foreseeable future. Apple's market cap is now hot on the heels of Exxon, the #1 market cap company on the stock market. Something to keep an eye on...
Another takeaway, given the amazing sales of the iPhone, is that Android has in no way dimmed the luster of the iDevices.
Ping!
I truly like apple products, but their line up is entirely too delicate for me.
Apple is the Exxon-Mobile Giant of the Tech Industry and deserves to have their liberal profits monitored and excess profits taken - just as the dem’s are advocating for the oil company’s.... Wouldn’t it be something if the oil companies got together and started to advocate through their political PACs and allies in elected office to present a major bill limiting the profits of the DARLING OF TECH - APPLE?
Much better to simply reverse the various current anti-capitalism and anti-American trends in the US!
Since these numbers are from before Jobs passed (1st Q usually means Oct-Dec... including Xmas), I'm not sure this has any bearing on Apple's future. They have had a good past couple of months, though...
“Since these numbers are from before Jobs passed (1st Q usually means Oct-Dec... including Xmas), I’m not sure this has any bearing on Apple’s future.”
Er...Jobs died on October 5, so almost the entire quarter was after his death. Granted, not much in the way of new products has emerged since then, on the other hand clearly Apple has weathered losing its CEO in fine shape.
McDonalds, Apple, but Friday is Ford. they are saying .26 cents... The one to watch IMHO..
I think once you get past 12 months without Jobs then this will be some indication of the future of Apple. As for now, like our country, Apple is living off the investments of the past.
Since the return of Steve Jobs to Apple, Apple strategy has gone well into out years and that remains the case, building layer upon layer on existing product introductions, always with careful consideration of capitalization upon captive content. It’s quite logically thought out and nearly always executed flawlessly.
Without Steve Jobs in the bully pulpit, we’ll see if that near-flawless execution continues. I suspect it will, but if there is to be a challenge that will be it, not strategy or product in the pipeline.
Keep that in mind going forward. They’re just not what any given competitor of theirs thinks they are, and are ultimately not pursuing the same ends that those competitors pursue, but those competitors will be scrambling once again just the same.
Just as the cell phone industry was never the same with the introduction of the iPhone, and just as the music industry was never the same with the introduction of iTunes and the iPod, that same sort of creative destruction leading to an ultimately better experience across the board, is in the works again.
It’s what they do.
Have read iPad 3 in March or April and iPhone 5 in July or August. Should be two very strong quarters.
Don’t know what the iTV will do or when.
It’s the MS Windows mentality, loose standards, sell it to whomever with whatever. Probably the same developers by and large, too.
I bought this stock a few years ago at $125/share and I’m kicking myself for selling it a few months later for a small profit.
“I think once you get past 12 months without Jobs then this will be some indication of the future of Apple. As for now, like our country, Apple is living off the investments of the past.”
For one thing, Jobs reputedly gave his ideas for several more years worth of innovation before he passed. So, Apple has his input to some extent for what that’s worth.
I think the bigger picture, though, is that Apple’s employees have seen what types of products, and what software approaches, have been successful. If Apple continues to follow the winning formula of the last several years, it will do well. It certainly can afford to hire the best and brightest talent to be sure.
“I think once you get past 12 months without Jobs then this will be some indication of the future of Apple. As for now, like our country, Apple is living off the investments of the past.”
For one thing, Jobs reputedly gave his ideas for several more years worth of innovation before he passed. So, Apple has his input to some extent for what that’s worth.
I think the bigger picture, though, is that Apple’s employees have seen what types of products, and what software approaches, have been successful. If Apple continues to follow the winning formula of the last several years, it will do well. It certainly can afford to hire the best and brightest talent to be sure.
Sorry for the double post!
I did not know that. Then perhaps you have a point. Execution is the most critical aspect of any plan, so if Apple sans Jobs can execute then new ideas will come and be effective.
I don’t get the thrill of paying top dollar for tech. Perceptions are running the show here.
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