“It is truly amazing how the world’s largest company can still grow revenues by 73 percent y/y and earnings by over 100 percent. Apple blew away analyst estimates in today’s release by almost 40 percent, earning $13.87 in fiscal Q1 2012. They also beat the Street’s revenue estimates by a margin larger than Nicaragua’s 2011 GDP! Big numbers,” Global Macro Monitor writes for The Big Picture.
“Our priors were that much of the revenue growth would come from Asia. Not true. In fact, Asia revenue growth was the lowest at just over 50 percent, which makes us even more bullish as China’s pent up demand will be saved for later quarters,” G.M.M. writes. “Still not impressed? Apple grew revenues in Europe in the quarter ending December 31 by 52 percent during the worst of the sovereign and banking crisis all while fighting the headwinds of a soaring dollar. Stunning!”
G.M.M. writes, “The company now holds around $103 in cash with no debt. Maybe the market will, at last, put a decent multiple on Apple’s earnings, one that it has earned and deserves, as the company continues to lead the world from the Information Age into the Wireless Age. It’s that epic, folks, and not many recognize it.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]
Pipe Dream. Our Government & Wallstreet are both CORRUPT to the core.
Exactly.
The street knows what they are doing. Manipulate, manipulate, manipulate, while the other hand distracts the sheep with dimwitted stories.
Many analysts are in bed with them, get their payola and do their bidding.
They create FUD with false or misleading stories.
They will publish smear info to drive down stock. Once that starts, the street will short sell stock they don’t own.
Apple appears big enough to not get taken down this way so they just do what they can making the stock swing back and forth making a little bit of money each time.
There are some on the street that prison would be too nice. They would be better of with some lead vitamins.
@iJah420 Agreed. The Corporate Oligarchy is stooopid to the core. Great job biznizz whizzes.
Knowing that fact does make it all the more fun watching and championing Apple, who do things the ‘wrong’ way, aka the RIGHT way.
Please LEARN FROM APPLE all you BizTards.
With that quarter, I think a lot of people just woke up.
“Maybe the market will, at last, put a decent multiple on Apple’s earnings”
Ya think?
Naaa… It’s just too much fun (and money to be made) for them selling short…
This will help drive AAPL up to $500, but P/E will continue to be stymied by LARD and NOG.
There simply has never been a company like AAPL, and so as the world changes, it will take the stock market time to catch up.
Unfortunately there will be some analysts who will state that this growth is NOT repeatable and thus as of Jan 2012 Apple’s best days are behind it.
Fools.
Exactly Right. The jealousy and bitterness is thick across the tech world today. Let the unethical games begin. These envious self absorbed corporate schmucks (RIMM!) will stop at nothing and say anything to attempt to bring the tinker toy computer maker Apple down! There is no justice in this world. The only justice is seeing the egg on the faces of those once so arrogant CEOs. Yup, I ponder it’s safe to say that Steve Jobs was spot on when his intention was to go Thermonuclear. Yesterday’s earning are just the beginning. Steve Jobs is still @ work people. He is watching this all go down in a better place. In a way I am happy he does not have to deal with all the BS that the government & corporate world piles on the earth on a daily, weekly, monthly & yearly basis. Sweet JUSTICE!!! Apple does not lie and the numbers sure as shit ain’t no lie! GIGANTIC!!!!! Stick that in your pipe and smoke it! $13.1 BILLION!!! $13.87 A SHARE!!!! What do all you naysayers have ta say now? Huh? I’m waiting. 😉
shadowself has hit the nail on the head there. Success breeds such contempt on many levels.
AAPL is not a company.
I Am a believer that the way the stock has happened shows me that APPLE the company has made AAPL a side thought, in order to insulate themselves from the “speculation”:and forgo the stupid insights of ignorant people probing its business and forcing it to be normal. They have eschewed the dominant paradigm and continued to be exemplary in the face of a failed economic system.
We know, the sheep will never know
Both squiggles and Shadowself are right, and saying the same thing. For Wall Street, this is simply without precedent, and thus they simply don’t know what to do. Some common sense (rapid, sustained growth) seems to suggest an amazing opportunity. However, for anyone who has been in the Wall Street business of trading stocks for even a short time, it is inconcievable to see the largest stock in the world (by market cap) grow the way start-up small-caps grow. It has never ever happened; history simply doesn’t support the idea of Apple growing so rapidly for much longer. This is why Wall Street is so cautious with AAPL, even in the face of such unmistakeable numbers.
Agreed that Apple present an unusual scenario for the stock market.
But I believe “Think” has the underlying reason. Apple is a safe bet. The chances that they will grow is higher than any other company in the world. They have cash, no debt and fantastic products.
Since apple is effectively zero risk the market is manipulating the stock to generate cash for themselves.
For us mere mortals all we can hope for is that the general up trend in stock price continues.
One warning though if the market starts saying Apple is going to grow forever and is unbeatable then start selling the stock. When the market starts coming out with that kind of message you know that something is wrong and coming round the corner in a hurry.
Market’s still asleep at the wheel.
No.
Corporations are people…. Apple should sue on grounds of discrimination
A more proper way to put it is that people work for corporations. Corporations ≠ people ≠ citizens. That’s the fact. Attempts to fog and lie about that fact have helped create the loony bin government we have right now in the USA, beholden to non-people, non-citizens, kissing the arse of The Corporate Oligarchy dumbasses.
Why would you want analysts to get this right in the first place?
Wall Street is a casino. People who play in the casino must choose between reason and emotion all the time. All stock is a crap-shoot. AAPL happens to be a safer one but the stock will tank from huge profit-taking sell-offs only to rebound again from people thinking they can influence the market. Apple has some problems: not enough employment growth in the US and Europe – they could be doing more on both continents and should. Congress needs to help on that score. But Wall Street a reliable predictor of anything APPLE? Second quarter in a row they got it wrong.
“The company now holds around $103 in cash with no debt.”
a whole $103 that is incredible