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“A week after Oppenheimer’s report, the Street’s Q4 revenue consensus, according to Thomson Financial, was $18.29 billion — a measly 1.6% beat,” P.E.D. reports. “Three months and a few million iPhones and iPads later, most Apple watchers have changed their tune.”
P.E.D. reports, “Of the nine blogger-analysts we polled, all but two expect Apple to report earnings of $20 billion or more.”
Read more in the full article here.
…… Not surprised at all!!!!!!!
…. BUY AAPL stocks. 2011 = $401 period!
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Zero debts
$48 Billion in CASH
Global worldwide expansion
Great management
Apple Stores are packed like sardines
High product demand
iPhone + iPad = Record Profits
Apple still has < 10% computer market share
so lots & higher room for growth
Apple will be the number 1 highest Market Cap by end of 2011 and Exxon will be number 2
Apple is a BUY
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So let’s see:
15M iPhones @ 650 ASP = 9.8B
5M iPads @ 650 ASP = 3.2B
4M Macs @ 1300 ASP = 5.2B
10M iPods @ 150 ASP = 1.5B
Other = 3B (based on last quarter)
Equals 22.7B
The only real stretch is 15M iPhones. Given the iPhone4 coming out it is very doable.
So let’s see:
15M iPhones @ 650 ASP = 9.8B
5M iPads @ 650 ASP = 3.2B
4M Macs @ 1300 ASP = 5.2B
10M iPods @ 150 ASP = 1.5B
Other = 3B (based on last quarter)
Equals 22.7B
The only real stretch is 15M iPhones. Given the iPhone4 coming out it is very doable.
Apple’s certainly clicking on all cylinders. $20 billion is a lock. The question is how much over that amount and what the gross margin was like as Apple goes for blanket coverage of the market with the iPad. Obviously, they’re selling at a discount to the likes of Best Buy and Target so they can make a profit.
I don’t think Apple will hit $100 billion in annual revenues in fiscal ’11. My estimate is in the $80~85 billion range or maybe even $90 billion if the new iPads and iPhones are even more compelling, but I’d say ’12 is when they really go well over $100 billion. Pretty amazing. What Apple is doing now is one of the greatest business stories of all time.
Jobs’ may never catch Gates in personal wealth but I’d say he has already passed Gates in legacy and achievement. And assuming Jobs stays healthy and guides Apple for another decade as he has over the past 13 years, we will very likely witness the greatest business, technological and cultural transformation in world history with Apple leading the way.
I know I seem like I’m frothing at the mouth as some silly Jobs’ worshipper, but the numbers and just what’s going on out there speak for themselves. The amazing thing is that Apple really has so much more room for growth in every product market segment (except for the music industry, perhaps) they compete in. We’re in the second inning or midway through the 1st quarter of this new global mobile marketplace.
Apple’s certainly clicking on all cylinders. $20 billion is a lock. The question is how much over that amount and what the gross margin was like as Apple goes for blanket coverage of the market with the iPad. Obviously, they’re selling at a discount to the likes of Best Buy and Target so they can make a profit.
I don’t think Apple will hit $100 billion in annual revenues in fiscal ’11. My estimate is in the $80~85 billion range or maybe even $90 billion if the new iPads and iPhones are even more compelling, but I’d say ’12 is when they really go well over $100 billion. Pretty amazing. What Apple is doing now is one of the greatest business stories of all time.
Jobs’ may never catch Gates in personal wealth but I’d say he has already passed Gates in legacy and achievement. And assuming Jobs stays healthy and guides Apple for another decade as he has over the past 13 years, we will very likely witness the greatest business, technological and cultural transformation in world history with Apple leading the way.
I know I seem like I’m frothing at the mouth as some silly Jobs’ worshipper, but the numbers and just what’s going on out there speak for themselves. The amazing thing is that Apple really has so much more room for growth in every product market segment (except for the music industry, perhaps) they compete in. We’re in the second inning or midway through the 1st quarter of this new global mobile marketplace.
$100B is easy and you have to remember that we are already living APPL’s Q1 2011 that goes way over $25B. That times 4 with the qrowth.. “Verizon” iPhone (LTE not CDMA) will be out Q3 (ie April->). Question is how much over the $100B Apple will reach fiscal 2011.
Apple is firing on all cylinders and it is more like a W12-engine.
$100B is easy and you have to remember that we are already living APPL’s Q1 2011 that goes way over $25B. That times 4 with the qrowth.. “Verizon” iPhone (LTE not CDMA) will be out Q3 (ie April->). Question is how much over the $100B Apple will reach fiscal 2011.
Apple is firing on all cylinders and it is more like a W12-engine.
Correction. It is W16 not W12.
Sorry about that…
http://en.wikipedia.org/wiki/W16_engine
Correction. It is W16 not W12.
Sorry about that…
http://en.wikipedia.org/wiki/W16_engine
@ One Guy From Finland
Yes, I know that fiscal ’11 will be in the $25 billion and up range but that is traditionally Apple’s biggest quarter. Apple’s sales have heavy seasonality and Q2’s, traditionally, have a big drop from Q1.
I’ll admit that Apple has surprised me, the analysts and other general observers over and over again, but I still think $100 billion in fiscal ’11 will be difficult. Like you say, the rumored Verizon iPhone and bringing out the new iPads earlier than the normal one-year cycle could boost sales earlier in ’11, but we are all just speculating at this point in time.
Hey, the sooner the better as far as I’m concerned. LOL I’m holding out for the Verizon iPhone and the next iPad myself and can’t wait. I’m a little budget-stretched with the new iMac, the new iPod nano I got for my wife, the new iPod touch I got for my 10-year-old son and the new Apple TV that’s on its way (along with a Bose audio system). Will have to wait until next year for the new iPad and the iPhone assuming that it comes to Verizon. I’m locked in to Verizon at the moment.
Cheers!
@ One Guy From Finland
Yes, I know that fiscal ’11 will be in the $25 billion and up range but that is traditionally Apple’s biggest quarter. Apple’s sales have heavy seasonality and Q2’s, traditionally, have a big drop from Q1.
I’ll admit that Apple has surprised me, the analysts and other general observers over and over again, but I still think $100 billion in fiscal ’11 will be difficult. Like you say, the rumored Verizon iPhone and bringing out the new iPads earlier than the normal one-year cycle could boost sales earlier in ’11, but we are all just speculating at this point in time.
Hey, the sooner the better as far as I’m concerned. LOL I’m holding out for the Verizon iPhone and the next iPad myself and can’t wait. I’m a little budget-stretched with the new iMac, the new iPod nano I got for my wife, the new iPod touch I got for my 10-year-old son and the new Apple TV that’s on its way (along with a Bose audio system). Will have to wait until next year for the new iPad and the iPhone assuming that it comes to Verizon. I’m locked in to Verizon at the moment.
Cheers!
Correction:
I meant to say 1Q of fiscal ’11 (the current holiday quarter) in the above post. I wish there was a way to edit these posts. We always catch the mistakes after posting, don’t we? LOL
Correction:
I meant to say 1Q of fiscal ’11 (the current holiday quarter) in the above post. I wish there was a way to edit these posts. We always catch the mistakes after posting, don’t we? LOL
If Apple’s guidance was $18 million, you know they were very confident of exceeding $20 million. And that guidance came out about three months ago, in the middle of the “antennagate” nonsense, so the guidance may have been influenced a bit LOWer. Obviously, there was no impact on actual iPhone 4 sales, and iPad sales continued to grow faster than expected during the quarter
If Apple’s guidance was $18 million, you know they were very confident of exceeding $20 million. And that guidance came out about three months ago, in the middle of the “antennagate” nonsense, so the guidance may have been influenced a bit LOWer. Obviously, there was no impact on actual iPhone 4 sales, and iPad sales continued to grow faster than expected during the quarter
@iAppleTennisU:-)
in another decade expect apple to have 100b revenue per quarter
@iAppleTennisU:-)
in another decade expect apple to have 100b revenue per quarter
I’ve been backing the underdog since 1984.
I don’t think I’ll be very comfortable backing an electronic super power and the biggest company on the planet.
Of course, knowing it’s just a small subsiduary of a major interstellar conglomerate, makes me feel a little better.
I’ve been backing the underdog since 1984.
I don’t think I’ll be very comfortable backing an electronic super power and the biggest company on the planet.
Of course, knowing it’s just a small subsiduary of a major interstellar conglomerate, makes me feel a little better.
@ ron123
It’s interesting that you mention that figure – $400 billion in annual sales by 2020. That’s what Samsung Electronics said that they are shooting for on their 2009 annual report. Well, they have one big problem: Apple’s standing in their way or racing way ahead.
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Samsung is indeed huge. They did $119 billion in 2009 and seem to be growing at 10% rate. HP is also right around that size in terms of annual revenues and also growing. But, of course, Apple is far more profitable than either. Ultimately, that and shareholder value matter a lot more than mere size in sales. But, I do think Apple will surpass both by the middle of this decade assuming that they can sustain this juggernaut roll.
@ ron123
It’s interesting that you mention that figure – $400 billion in annual sales by 2020. That’s what Samsung Electronics said that they are shooting for on their 2009 annual report. Well, they have one big problem: Apple’s standing in their way or racing way ahead.
” width=”19″ height=”19″ alt=”grin” style=”border:0;” />
Samsung is indeed huge. They did $119 billion in 2009 and seem to be growing at 10% rate. HP is also right around that size in terms of annual revenues and also growing. But, of course, Apple is far more profitable than either. Ultimately, that and shareholder value matter a lot more than mere size in sales. But, I do think Apple will surpass both by the middle of this decade assuming that they can sustain this juggernaut roll.
@ AI
Same here. Couldn’t afford a Mac for myself until I finally got a IIsi in ’90 (although I’ve used it since it first came out along with DOS PC’s). Never dreamed that Apple would get into the position they’re in now but it’s a great thing to observe.
The challenge for Apple is not be overcome by the “law of size and scale” that eventually slows down mega-size corporations. We’ve seen that happen to the likes of IBM, Microsoft, Sony, and Panasonic and even in other industries like GM and, now, Toyota. Apple needs to stay focused, lean, hungry, and nimble. Don’t become a lumbering dinosaur.
@ AI
Same here. Couldn’t afford a Mac for myself until I finally got a IIsi in ’90 (although I’ve used it since it first came out along with DOS PC’s). Never dreamed that Apple would get into the position they’re in now but it’s a great thing to observe.
The challenge for Apple is not be overcome by the “law of size and scale” that eventually slows down mega-size corporations. We’ve seen that happen to the likes of IBM, Microsoft, Sony, and Panasonic and even in other industries like GM and, now, Toyota. Apple needs to stay focused, lean, hungry, and nimble. Don’t become a lumbering dinosaur.
For what it’s worth: I was in our local Apple Store on Friday and there was a line to get in. I haven’t seen it that crowded since opening day a few years ago.
For what it’s worth: I was in our local Apple Store on Friday and there was a line to get in. I haven’t seen it that crowded since opening day a few years ago.