Comments on: Apple misses estimates with $9.32 EPS on $35.0 billion revenue

By: Bite Me

Bite Me — Thu, 26 Jul 2012 23:33:40 +0000

Seriously? You want another guy to do that? Sorry, that’s not how I roll. Anyway, can’t we all just get along and agree that “GM” is just a Mitt Romney wannabe?

By: GM

GM — Thu, 26 Jul 2012 15:57:48 +0000

I can speak personally to the professional audio/video arena and you’re correct, Apple does seem to be leaving it behind. Sure they’re coming out with a new Mac Pro but it’s very late. But hey, they’re a company designed to make money not friends. And are doing quite well at that thank you. They don’t really need the professional customer anymore. But they’ll throw a little effort to appease the professionals. The bottom line is that they make their money from the consumers not professionals. And the bottom line is what counts in business. Those kinds of opportunities open the door for other companies to aid professionals in their work. Perhaps someone will take advantage of the opening?

By: GM

GM — Thu, 26 Jul 2012 00:32:53 +0000

Well since you know all this I’m certain that you won’t lose any money. Right?

By: Weekend

Weekend — Thu, 26 Jul 2012 00:30:34 +0000

Gosh he doesn’t seem arrogant just sensible. You on the other hand seem like a whining fanboy. Suck my cock.

By: GM

GM — Wed, 25 Jul 2012 23:41:18 +0000

The money simply gets moved from one person to another. It doesn’t go away. Also, if Apple had better numbers this quarter would you still be complaining about the “figures that have no basis in reality?” I think not. So you can’t have it both ways. It’s not manipulation. It’s not some big conspiracy. It’s just the stock market. And it’s obvious you know little about it other than being a fanboy.

By: Bite Me

Bite Me — Wed, 25 Jul 2012 23:12:20 +0000

No, I’m pissed at arrogant little fucks like you who think the world revolves around your ass. What’s embarrassing is that bootlicker “Weekend” who wants to give you a knob job.

By: Mike

Mike — Wed, 25 Jul 2012 19:23:22 +0000

@ Rorschach: i got to your insult and then stopped reading. if you want to have a conversation, then try again. if you can’t be civil, then find your own sandbox to piss in. oh, and investors seem to agree with me, so whatever points you want to make, by all means bring forth YOUR data.

By: RevDrX

RevDrX — Wed, 25 Jul 2012 15:28:05 +0000

I think people get riled by this stuff because the effects are NOT limited to the people that play the market.

Some moron makes up some figures that have no basis in reality, then a company who has fantastic year over year growth has it’s stock tank because it failed to succeed as wildly as the aforementioned moron wanted. Now Where do you think all that lost money is going to come from? Eventually it will come out of our economy. The same economy that is struggling to fix itself after similarly irresponsible business practices nearly put the whole country out of business.

It’s not a case of ‘if you can’t stand the heat stay out of the kitchen’, it’s more like ‘the whole country just wants a PB&J and the cook is smoking crystal meth.

You don’t have to play the market to lose when others make STUPID bets.

By: Rorschach

Rorschach — Wed, 25 Jul 2012 15:01:41 +0000

Mike, you really ARE an asshole, aren’t you! D’you really think Apple’s annual refresh cycles for things like iOS, iPods, iPhones, etc, are going to be altered just because some self-appointed know-it-all says they should?
Give me a break.
Oh, and what salary is it that you’re criticising? IIRC, Tim Cook takes a nominal salary, and you quite obviously missed the posting about how much better run Apple is than virtually any other global company, due to being in negative capital, ie Apple earns money on its products before it has to pay for the manufacturing costs.
That’s down to Tim Cook, the supply-stream genius Steve Jobs employed for just that talent.

By: bkire

bkire — Wed, 25 Jul 2012 13:50:00 +0000

Apple didn’t miss the Street. Apple wasn’t aiming to hit the Street’s numbers. If sophisticated supercomputers can’t predict the weather at this day and age, how the hell do you think Apple or analysts can do any better at predicting future events? Chalk it up to human behaviour folks – if somebody doesn’t do what is expected of them, then it’s considered bad news (and visa versa).

By: john

john — Wed, 25 Jul 2012 12:51:30 +0000

Oh He’ll be called names.. but he’s right. A few percentage points makes a lot of difference. The refresh on products seems slow, and not that big a jump… Apple has dissed the entire PRO field of every market. I know many pro’s who have HAD to leave apple. Final Cut Pro X? Server? Mac Pro? Seemingly no interest in the pro graphics world or audio anymore.. the people who MADE Apple. No inroads to business apps or process, (quickbooks accounting is a nightmare) Why not be the best in ALL of those fields? it’s not like they don’t have the cash… They could BUY each of the market leaders in all those areas. So the fanboys are rooting for a phone now. It’s seems so silly. I cant even give much credit to the new macbook pro. I was underwhelmed for the $3k price with tax, $3800 if you ‘go large’… Yup, for a laptop. No 17″? dissing the pros again. A smaller, 20 percent instantly noticeably dimmer screen did not thrill me. (3-2-1 Squinters unite, I can take it)… Hey, that’s one way to increase battery life… I don’t see the thrill in challenging my ability to make out the worlds smallest font size. Some of Apples “BEST” qualities have to become more perceivable. Maybe apple is perfectly happy being a mobile gadget company. cool. Remember, It’s only a stock.

By: John

John — Wed, 25 Jul 2012 12:21:59 +0000

Is that 75% of profits number growing of shrinking is the question. Market share is important also. One or Two features makes the difference. If Iphone had only 5% more of androids market, this quarter would be better. People want a bigger screen, so they get Android. Android users don’t know the Apple iOS and wont. Apple is playing catch up there. So now Iphone 5 will be bigger and all the fanboys that say the current size is perfect will change their mind and say the bigger phone is brilliant! Mark my words, and it will make a difference. Also, walked into Best Buy to see the Samsung “Smart TV” which had all of the features I’ve heard Apple TV will have. I know I know, we need the Apple OS, but the average person can’t compare now, and will think Smart TV is just fine. It just feels like Apples roll-out is a little slow these days, and one-size does not fit all. Android is an onslaught, so Just saying, the competition is fierce. That is what wall street watches.

By: NewsFlash

NewsFlash — Wed, 25 Jul 2012 12:20:13 +0000

They should have launched the iPhone at the same time they traditionally do AND they should be more unpredictable with the launches of new iPhones?

Did you even process your stupid thoughts before sharing them?

By: Scrapdroid

Scrapdroid — Wed, 25 Jul 2012 05:35:39 +0000

The world we live in. *sigh*

Microsoft reports hundreds of millions in losses, the first time in its history. Investors are comatose.

Apple reports billions in profit. Investors go apeshit.

By: Laughing_Boy48

Laughing_Boy48 — Wed, 25 Jul 2012 04:18:05 +0000

“The only thing that could stop that from happening is a major macro-economic catastrophe.”

I’m afraid you called it, because Apple shareholders probably will never see $700.

By: Laughing_Boy48

Laughing_Boy48 — Wed, 25 Jul 2012 04:15:55 +0000

As you can see, being merely good is not good enough for Wall Street. If you’re not great, then you’re nothing but a fail. Apple’s quarter was not great and shareholders were handed a fail slip. On the other hand, Google easily beat its earnings with flying colors. Maybe Apple should be in the search and ad-click business because selling hardware clearly isn’t cutting it on a quarterly basis.

By: Laughing_Boy48

Laughing_Boy48 — Wed, 25 Jul 2012 04:07:11 +0000

I have to agree that analysts should not make up their own numbers because it makes no sense at all. They clearly do not understand what is going on with the company. If that’s the case, they don’t need Apple at all and they should just start some “guess the number” lottery. Whoever’s closest to the number they guess, wins.

By: Weekend

Weekend — Wed, 25 Jul 2012 03:19:46 +0000

+100

By: Bongo

Bongo — Wed, 25 Jul 2012 03:19:46 +0000

You guys are so pathetic. Why do you rag on the analysts when Apple itself doesn’t guide to any degree of accuracy? Wow, they beat their pathetic sandbagged guidance! Why not guide an EPS of $0.01 and be happy when they blow it out? When internal guidance consistently gets best by about 50% it soon becomes a meaningless number to beat. What’s so hard to understand about that? If you believe Apple is guiding what they actually believe and are surprised every quarter please put down the crack pipe. If you believe Apple is just being conservative, fine – but you also have to expect that the analysts may also be conservative, and they come closer to the actual numbers. Apple missed, and they missed badly. End of story.

If you trade AAPL, be aware of what moves it. It is not unique in the fact that Street estimates are important. If you just like Apple products don’t worry about any of this as Apple will continue to make great products.

Long AAPL

By: GM

GM — Wed, 25 Jul 2012 03:15:14 +0000

So let’s see if I’ve got this right, you’re pissed because the analysts called it correctly? Well you make fun of them but they called it correctly. So it looks more like you have your head up your ass. You’re just a pissed off fanboy. Go back to mom’s basement and play some games. Investing is no place for fanboys. Quit crying for Apple. It’s fucking embarrassing.

By: old tech

old tech — Wed, 25 Jul 2012 02:44:56 +0000

In general, I agree with most of your points. Thank you for posting! I wish Apple would read it an implement the following this year:

1. Fully restore Save As – this has cost Apple business.
2. Update Mac Pro
3. Major update to iWorks (Numbers, Pages, Simple DB)
4. Greatly Enhance iMovie and iPhoto.
5. Update and enhance iWeb. (Very popular with clients)
6. Simplify and greatly enhance Aperture.
7. Blu-Ray discs for content creation – Mac is for creation.
7. iPods would sell far better with a 5 inch screen.

By: old tech

old tech — Wed, 25 Jul 2012 02:34:33 +0000

Well Save As is sort of back. A four key combination (about as uncomfortable to press as a pram reset).

My understanding is that when you choose to Save As, Mountain Lion still makes the changes to your template. So basically Save As has become new name, new location.

My clients would like – new name, new location without changing the original.

I wish Apple would fully restore Save As!

By: Nerd Beautifully

Nerd Beautifully — Wed, 25 Jul 2012 01:00:01 +0000

“Save As” is back in Mountain Lion as Command-Shift-Option-S. See here: http://www.cultofmac.com/173265/save-as-quietly-returns-to-os-x-in-mountain-lion-but-apples-still-being-stupid-about-it/

By: bkire

bkire — Wed, 25 Jul 2012 00:17:50 +0000

Stock market 101 — If a company releases actuals that beat expectations of consensus forecasts, it’s considered good news… and visa versa. What will happen in the future is anybody’s guess. Nobody can predict the future. Human nature says that people buy and sell stocks for many many reasons. Why is one person willing to sell at a certain price, and why is the buyer willing to buy at that price, the variables of why this happens are impossible to predict — multiply this by billions of stock trades and you have a stock market effected by human behaviour buying/selling habits. An “efficient” market is supposed to take in all information available and take it into account when people make buy/sell decisions. Something is only worth what somebody is willing to pay (for whatever reason that may be). Some speculate the stock will rise, and others will think it will fall (for whatever reason). Apple Inc. will not do something to try and control something that is out of its control. It will also not compromise its products, or hasten the release date, to cater to the market. Apple releases products only when it’s good enough to market (and perhaps when it wants to spin the stock, at least to some extent). If your mother expected you to clean the entire house, but you only did part of it, she will be disappointed in you. If you do more than what is expected, then she will be happy with you. A basic example of human nature, but so too does the market react to a big extent. Grow up people.

By: Mike

Mike — Tue, 24 Jul 2012 23:36:17 +0000

Apple would have beat estimates if any of the following 15 things happened:

1) iMacs were updated last quarter
2) official news of the next gen iPhone was released last quarter
3) the Mac Pro was updated last quarter
4) the long-tease Mountain Lion feature releases offered anything that interested computer users or improved productivity
5) Apple squashed rumors of the vaporware “Apple television”, which is the primary lid holding down AppleTV sales
6) Apple updated its iTunes store to be more user-friendly and less distracting, perhaps with a separate lightweight cloud-free media manager, iTunes Light
7) Apple released a solid update to iLife or iWork suites
8) Apple courted the professional industry rather than remaining aloof with poor improvements to FCP and pro audio software
9) Apple computers supported Blu-Ray discs
10) Apple wasn’t wasting so much time and energy pushing the MS-esque raincloud
11) Apple wasn’t blowing hundreds of billions of dollars on its overpaid executives who aren’t exactly keeping product release momentum going at the same pace Steve pushed.
12) Apple finished iOS 6 last quarter
13) iPods were updated last quarter
14) a new, expandable, mid-size tower computer was released last quarter
15) Apple’s stores (both online and B&M) did a better job showing business-friendly applications & accessories instead of cute but pointless juvenile apps and low-end junky replacement headphones.

People here are all whiny about US presidential leadership, but i’m more concerned that most industry, including Apple, is just coasting. I expect more from you, Mr. Cook. Especially on your salary.

By: Suburban Hermit

Suburban Hermit — Tue, 24 Jul 2012 23:24:37 +0000

OMG!!!! NO Save As…!!!!!!!
Graphic Arts people made the Mac in the early days. Sure hope ALL THE “CREATIVES ” unite and e-Picket Apple until they bring Save As…back!
Personally I hate Auto-save,so while Apple’s at it, let us turn auto-save OFF as an option!

By: Ansel

Ansel — Tue, 24 Jul 2012 23:12:11 +0000

Nice buying opportunity is setting up …… The Street will bring down next quarter numbers and Apple will surprise BIG TIME and catch everyone off guard ……

For an example I bring your attention to Q4 2011 when Apple beat their numbers but not the Street Numbers ….. Stock sold off over the next two months ….. Then started a parabolic rise to $640+ and now here we are testing the $570 level ….. And record earnings the following two quarters …..

I suspect Apple will sell off over the next few weeks but once the Street gets a sniff of some solid new products, Apple will be off to the races, again setting new highs!

By: Suburban Hermit

Suburban Hermit — Tue, 24 Jul 2012 23:10:59 +0000

Yes, His Shadow is correct. Casino Capitalism drives the market. There’s an old video interview were Steve Jobs was asked about the gyrations of Apple’s Stock Price. He threw his hands up in the air, waved them and exclaimed, “I totally don’t get it; makes no sense” and dismissed the question.
But in the video link below Steve addresses the bigger question and gives us some stock advice, (which he followed himself).
Well worth 6 minutes of your time.

By: @GM

@GM — Tue, 24 Jul 2012 22:27:34 +0000

You're right, it isn't a conspiracy. Stock manipulation is actually quite out in the open.

By: CupertinoJoe

CupertinoJoe — Tue, 24 Jul 2012 22:20:03 +0000

I am absolutely giddy. As I posted here several times the pas couple of days, I took straddles on AAPL and I will reap the benefit tomorrow. i had said they would not meet analysts and stock would fall 6 to 10%. Bingo, it will be right there. All the polyanna boys here predicting boom time were not reading the tea leaves. Verizon…less sales…suppliers…lower orders. What more did you need to know. The market is cruel and swift. I not only held onto my shares but will see a net gain of 4 to 6% depending on just how far it tanks. Hope many of you did the same.

By: @Jean Poole

@Jean Poole — Tue, 24 Jul 2012 22:19:47 +0000

Oprah?

By: Ubermac

Ubermac — Tue, 24 Jul 2012 22:13:50 +0000

Yeah, Apple is messing up on Lion.

There is no way for me to upgrade to a system that has no Save As.
As an artist I use it all the time to save different stages of projects.

An absolute NO!

By: fscuttle

fscuttle — Tue, 24 Jul 2012 22:08:28 +0000

This is perfect timing for me. I have some bonds maturing and was wondering where I was going to put the money. I hope they take AAPL down near $520 again so I can buy a few hundred more shares. This stock will break $700 by mid February in all likelihood. The only thing that could stop that from happening is a major macro-economic catastrophe.

By: Bite Me

Bite Me — Tue, 24 Jul 2012 22:08:11 +0000

So your idea of a “spectacular quarter” is whatever anyone with the self-imposed title of analyst pulls out of their ass on any given day on any friggin’ whim that comes to them? You’re as full of shit and full of yourself as they are.

By: Jean Poole

Jean Poole — Tue, 24 Jul 2012 22:00:48 +0000

‘Never trust a lawyer, a stock Broker, A banker,

who am I missing??’

The mighty ‘O’.

By: Sucker

Sucker — Tue, 24 Jul 2012 21:51:16 +0000

49.8 million iOS devices. For the second quarter in a row Windows 45 million licenses puts it in second place.

By: GM

GM — Tue, 24 Jul 2012 21:46:04 +0000

Excellent points. You’ll probably be called names for pointing out the obvious. Truth doesn’t always sit well here!

By: Weekend

Weekend — Tue, 24 Jul 2012 21:41:39 +0000

By: GM

GM — Tue, 24 Jul 2012 21:40:27 +0000

No one said life is fair. I understand your point about the Vegas comparison. That’s not a bad analogy. But why are you complaining? If you lost some money that’s just investing. You can make it back. Or not. You either understand how the stock market works or you should not be involved. But if you’re just complaining to be complaining that makes no sense. Apple will be fine they don’t need your sympathy or your rants. And if you understand that all of these different professions are untrustworthy you shouldn’t have any reason to complain. Because you should be way ahead of the game. I hope you didn’t lose the rent money.

By: botvinnik

botvinnik — Tue, 24 Jul 2012 21:34:34 +0000

your mom.

By: althegeo

althegeo — Tue, 24 Jul 2012 21:32:37 +0000

Idiot. The Android 4G onslaught is only happening in North America.

Apple’s telco partners are BOGOing those crappy Androids out the door like they are 2 years past their due date.

That 4G onslaught is helping Samsung make a few bucks but bankrupting everyone else.

Let’s see, do I want 75% of the profits or do I want to increase market share while losing money?

Decisions, decisions.

By: EricTheRed

EricTheRed — Tue, 24 Jul 2012 21:30:55 +0000

Apple’s managed to Osbourne itself with the iPhone… and the iMac and the Mac Pro….

Who are you kidding?

By: flimikiss

flimikiss — Tue, 24 Jul 2012 21:24:41 +0000

I agree.

apple seems to be too slow in their refreshes and indifferent to the opportunity in increasing their mac sales (to take advantage of the halo effect and people’s increasing dislike for Windows).

the Mac Pro not getting a serious refresh for example until late next year is crazy.

I haven’t seen a Mac desktop ad on TV in my area for years now ever since the Mac vs PC guy ads. Seems like apple lost interest in it.

apple shouldn’t leave hanging fruit like Mac sales and just concentrate on iPhones , Ipads because if iPhone sales for example didn’t do so well this quarter their financials will dissapoint.

surely a company wiith billions in earnings can get teams to work on their other products? YEARS for a serious Mac Pro refresh is nuts.

By: Sham

Sham — Tue, 24 Jul 2012 21:24:08 +0000

Thank you for illustrating what the stock market really is, a vegas like scheme where rich people make up numbers and bet against each other ruining many lives in the process.

Don’t tell me how it is, tell me why it is, because rational data driven people do not comprehend. Apple releases guidance, “we expect the numbers to look like this” Some bozos say, no I don’t like that number, doesn’t make me enough money so I’m going to issue my own numbers, and when these numbers (pulled from ass) do not come true (despite Apples numbers being on the mark) I am disappointed? WTF? There is a reason I do not willingly play in this space..

Never trust a lawyer, a stock Broker, A banker, a politician, who am I missing??

By: Joel

Joel — Tue, 24 Jul 2012 21:21:23 +0000

Best news ever!

By: old tech

old tech — Tue, 24 Jul 2012 21:19:19 +0000

Actually in this economy that is a very good quarter.

I am actually surprised that Mac sales are growing. I had a whole bunch of clients refuse to buy new Macs in the last several months.

Why? Because of the loss of Save As. (Businesses use lots of templates, and the auto save functions combined with the loss of Save As have really messed up my clients work flow.)

Still 4 million macs, 26 million iPhones, and 17 million iPads is nothing to sneeze at.

By: GM

GM — Tue, 24 Jul 2012 21:18:30 +0000

Pretty much. That’s why most investors know that it’s dangerous around earnings. You pays your money and you takes your chances. There are always some surprises. Sometimes good. Sometimes bad. But this was not really that much of a surprise. I do believe that they will change release times on different devices as we go forward so as to not be so predictable. Then there’s always the Apple iTV or whatever they’re going to call it. I believe, unlike many on the site, that it is coming.

By: Spark

Spark — Tue, 24 Jul 2012 21:13:23 +0000

Did you not read the numbers. There was YOY growth in every segment. That is not a slowdown. It is simply less acceleration than Wall Street wanted to see. I’ve seen too many good companies destroyed by catering to what Wall Street expectations to care that Apple didn’t meet them. Apple is strong and growing stronger. That is the reality. The Analysts can go F themselves.

By: Dmitri

Dmitri — Tue, 24 Jul 2012 21:12:25 +0000

I agree with you. I think people are drastically under estimating impact of Europe crises and China’s slowdown.

By: GM

GM — Tue, 24 Jul 2012 21:10:51 +0000

Yes in some ways you’re correct. The street numbers are what drives the stock. Since you should understand that why would you complain? If you knew anything you wouldn’t.