-Revenue $7.9B vs $8.05B est. EPS $1.26 vs. $1.11 est. Q4 guidance is revenue $9-10B vs. $10.57B est. EPS $1.06-$1.35 vs. $1.65 est. (27% miss at mid-point) -Adjusted non-GAAP sales is $11.68B (with iphones not deferred) and $2.44B of adjusted net income -Operating margin 18.3%, gross margin 34.7% -International was 41% of revenue -2.611M Mac sold, 21% unit growth and 17% revenue growth -11.052M iPods sold, 8% unit growth y/y and 3% revenue growth -6.9M iPhones vs. 1.119M a year ago -Gross margin was better than expected due to lower component pricing -October is a “foggy month”. December guidance has a lot of prudence built-in. Visibility is limited given economic environment
Jobs on the Economy -We have the best customers in the world. They may post-pone purchases in tough times -We have $25B in cash and zero debt. We can invest our way through the down-turn -When asked about stock buy-backs, they are very comfortable with cash position (basically no)
-Mac Education K-12 sales down 7% y/y. California down 28% y/y. -Customers delaying purchases due to the portable transition. Saw considerable rebound in sales post the refresh -For iPod, during the final weeks of September to early weeks October, sales went from +7% y/y to flat -Won’t make a $500 computer that is a piece of junk (no Mac netbook) -Apple TV is still a hobby. The category will continue to be a hobby in 2009 due to economic conditions -Have significant backlog on the new Macs, but it is hard to forecast trajectory of demand -Software is the differentiating technology of the phone product category. Extremely comfortable with iPhone product strategy and approach it as a software platform (Could mean no cheaper iPhone SKU) -1/2 of iPod sell-through occurs in December -Mac inventory 3-4 weeks (below normal), iPod 4-6 weeks (normal), and iPhone in 44 countries less then 6 weeks, no data on remaining 7 countries
14 comments:
Good LUCK seizure!
lets hope AAPL doesn't give me one.
REW
107.921 +10.737 (+11.05%)
nice :-)
hmmmmm....
Broadcom late-traded shares up 6% to $14.62 after results
Yahoo Q3 net income 4c vs 11c a share Marketwatch
YHOO up 5% after report.
hmmmmmmmmmm.....
AAPL shares are halted, but did you see the predictions? It is as usual low ball predictions - and CNBC screams headlines - outlook negative.
I wonder how low will it go when trading resumes!
I bought today at 96.96. Shoot!
EXTENDED HOURS:
Last: 95.44
Change: +3.95 (+4.32%)
EXTENDED HOURS:
Last: 97.90
Change: +6.41 (+7.01%)
EXTENDED HOURS:
Last: 99.06
Change: +7.57 (+8.27%)
we looking good on AAPL
we hit our point. 102!
102.36 +10.87 (+11.88%)
go team!
-Revenue $7.9B vs $8.05B est. EPS $1.26 vs. $1.11 est. Q4 guidance is revenue $9-10B vs. $10.57B est. EPS $1.06-$1.35 vs. $1.65 est. (27% miss at mid-point)
-Adjusted non-GAAP sales is $11.68B (with iphones not deferred) and $2.44B of adjusted net income
-Operating margin 18.3%, gross margin 34.7%
-International was 41% of revenue
-2.611M Mac sold, 21% unit growth and 17% revenue growth
-11.052M iPods sold, 8% unit growth y/y and 3% revenue growth
-6.9M iPhones vs. 1.119M a year ago
-Gross margin was better than expected due to lower component pricing
-October is a “foggy month”. December guidance has a lot of prudence built-in. Visibility is limited given economic environment
Jobs on the Economy
-We have the best customers in the world. They may post-pone purchases in tough times
-We have $25B in cash and zero debt. We can invest our way through the down-turn
-When asked about stock buy-backs, they are very comfortable with cash position (basically no)
-Mac Education K-12 sales down 7% y/y. California down 28% y/y.
-Customers delaying purchases due to the portable transition. Saw considerable rebound in sales post the refresh
-For iPod, during the final weeks of September to early weeks October, sales went from +7% y/y to flat
-Won’t make a $500 computer that is a piece of junk (no Mac netbook)
-Apple TV is still a hobby. The category will continue to be a hobby in 2009 due to economic conditions
-Have significant backlog on the new Macs, but it is hard to forecast trajectory of demand
-Software is the differentiating technology of the phone product category. Extremely comfortable with iPhone product strategy and approach it as a software platform (Could mean no cheaper iPhone SKU)
-1/2 of iPod sell-through occurs in December
-Mac inventory 3-4 weeks (below normal), iPod 4-6 weeks (normal), and iPhone in 44 countries less then 6 weeks, no data on remaining 7 countries
After Hours:
103.44 +11.95 (13.06%)
I am thinking AAPL will open @ the same pre-market and go lower during the day.
What are your thoughts? Sell in PM?
too late to get in tommorow?
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