“Though Apple’s June quarter results were slightly below Wall Street expectations, investors expressed greater concern over the company’s guidance for the current September quarter, but they were also pleased by improving gross margins, chalking up the results as a mixed bag,” Neil Hughes reports for AppleInsider.
“Analysts are largely showing faith in Apple’s product cycles, expecting big things from the company this fall, including new iPhones, iPads, Macs and even a mythical ‘iWatch,'” Hughes reports. “Analyst Gene Munster characterized Apple’s June quarter as ‘uneventful,’ with revenue of $37.4 billion coming in slightly below expectations. He, like many others, was pleased with the company’s gross margins at 39.4 percent, an achievement as the iPhone’s percentage of total sales dropped from 57 percent in March to about 53 percent in the June quarter.”
Hughes reports, “Munster also noted that Apple’s lower-than-expected guidance for the September quarter suggests that the next iPhone could launch a little bit later than expected. He now predicts that the so-called ‘iPhone 6’ could debut on the last Friday of September, the 26th.”
Read more in the full article here.
Related articles:
Tim Cook: Apple’s strong Mac, iPhone sales in China ‘honestly surprising’ – July 23, 2014
Apple posts second straight profit gain as Mac and iPhone sales jump – July 22, 2014
MacDailyNews presents live notes from Apple’s Q314 Conference Call – July 22, 2014
Apple profit beats estimates, revenue slightly short – July 22, 2014
The results weren’t bad, but they weren’t as good as they often are. However, when they are really good, the stock price usually drops the next day. This time, the stock price goes up? That makes be mad because I was hoping to pick some up on the cheap.
It’s not like the old days.
When most of Wall Street brokers are criminals, trying to understand stock movements is impossible.
Ah, I was wondering if I was the only one worried about the stock jump a day after the results. It’s rare but it does happen.
Maybe the manipulators, uh analysts are on vacation.
Munster is just po’d that Apple didn’t release a 85″ Apple television set.
“Analyst Gene Munster characterized Apple’s June quarter as ‘uneventful,’ with revenue of $37.4 billion coming in slightly below expectations.”
Let me fix this:
Analyst Gene Munster characterized Apple’s June quarter as ‘uneventful,’ with revenue of $37.4 billion coming in slightly below ‘his’ expectations.
Munster should really try his hand at running a company because he thinks it’s so easy for a consumer tech company to acquire revenue like a major retailer or oil company. He’s a trip.
Showing faith? Ha
Apple is the only company making record sales on every product it makes and remarkably, the only Computer maker that is selling im a 10 year contracting pc market. Everyone else is just producing short lived crap and crapy (if any at all) customer service.
I’m amazed that any analyst highlights revenue falling slightly when the profits are significantly greater.
It’s a bit like the obsession with market share which overlooks profitability. If revenue is slightly lower than before and profits are slightly higher than before, then the company is operating more profitably, which is a good thing.
Companies need to generate profits and Apple is generating profits to an extent that other companies could only dream about.
Analysts may see the results as a mixed bag, but investors are quite happy and AAPL reached a new 12 month high during today’s trading.
And the all time high is just around the corner.
And Apple didn’t even have lay off’s in order to raise the stock price; you listening Redmond?
I like how Microsoft is able to increase its share price. MS fires Steve Ballmer and the price went up. MS takes a charge on the Surface RT and the price went up. MS pays through the nose for Nokia and the price went up. MS puts 18,000 employees on the street and the price went up. YTD, MS’s share price has gone up percentage-wise nearly as high as Apple’s indicating Microsoft is doing more than surviving in the post-PC era. Microsoft’s share price is at a 12 year high so apparently investors have confidence there’s a lot of life left in the company.
I got my close to $3 pop and I’m more than satisfied with the results. I know Wall Street is anxiously waiting for Apple to sell all 80 million of those iPhones because Wall Street is full of greedy S.O.B.s. I’m sure they want the new Apple wearable and an updated AppleTV all around the same time. That way Apple will have a quarter that will be impossible to duplicate and every quarter in the future will be based on that one shining quarter.
It doesn’t matter. Tim Cook has to set the record straight that he’s the CEO and knows how to manage a profitable company. He needs to retire Steve Jobs ghost.
I’m one of those greedy S.O.B.’s.
And it’s Mr. Greedy S.O.B. to you.