“Apple’s second calendar quarter was a record breaking performance,” Horace Dediu reports for asymco.
“This is surprising because it shows super-seasonal performance,” Dediu reports. “For as long as I can remember the fourth calendar quarter (i.e. holiday) was always the strongest quarter, by a large margin. This quarter was higher than the last holiday quarter… The 122% growth in profits is (nearly) unprecedented.”
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Dediu reports, “One of the most common themes during the last year was that Apple’s growth rate was unsustainable. The theory cited was one of the ‘law of large numbers.’ Apple’s performance shows it to be nonsense. Instead of decelerating, Apple’s growth is accelerating.”
More in the full article, including Dediu’s excellent charts, here
[Thanks to MacDailyNews Reader “Edward Weber” for the heads up.]
I love charts
Apple – breaking laws since 1997
Last night Jim Cramer on MadMoney spent a lot of time explaining why he knows that everyone should stay out of tech until September.
If people are falling dead all around you and you have a doctors appointment scheduled for September, do you avoid the Emergency Room and doctors until then during the plague?
Apple is killing these companies of and ripping away their market share. Is it surfs up or tsunami time to run? Idiots!
What if Apple spun off each iOS device, Mac line, iTunes, … Would you then see it as a company with divisions in many diverse markets? What would the sum of the parts be worth? What is Apple really worth now? Next year?
Exactly. Apple should be trading north of $500 right now and I don’t think even that would be a truly fair valuation.
What is unique about a bunch of electronic products running on Unix derivative software? The products are similar and the markets are also similar.
I own 3 Apple TVs, 4 iPods, 1 iPhone, 2 iPads, 1 MBP, 1 MacBook, and 2 iMacs.
One family, virtually every product division. There is only one market, the consumer electronics market.
Apple’s market share, in most of the consumer products it makes, is very low. Killer products and low market share means it’s easy to increase market shares very quickly.
No one should be surprised.
Your speak the truth my man. During the crash when everyone was running out of the market I was buying their fire sale prices 😀
There is a law of large numbers, but given the sheer amount of room for growth, there isn’t a large enough number to hit yet. You have to look at the ipod where apple has saturated that market. If you want an music player- anyone who wanted one pretty much has an ipod. Now you have iphones, ipads, and even macs that are no where near saturation points. There is plenty of room to grow, and apple has just entered some super large foreign markets- china and india.
So it’s very premature to start throwing around laws of large numbers yet.
Yes!
Apple has been busy gearing up for the next level of global expansion. All the dots are being connected, iOS, iDevices, OS X, Macs, App Stores, iTunes, Apple Stores, and iCloud to sync it all!
As this eco-system/network continues to be lit up, the full magnitude and potential will become more apparent.
Oh yeah, this is gonna be big.
The next 3 pieces to fit into the puzzle – Apple TV, streaming media on-demand, and home gaming.
Yeah and so we end the day after the stupendous numbers, 122% growth, when we beat the street EPS by more than two dollars, and all we get is a measly 2.67% bump in SP?
Here at the MDN site not many are shocked by the company’s performance. We knew it was growing fast. But Wall Street continues to price it as if it will all fade away soon, continues to misunderstand it.
I guess, worst case, at some point- given apple’s growth- the cash value per share will hit parity with the share market value lol.
Don’t forget Lion, which will integrate it all even more seamlessly. Seems the GUI is now eye candy with Lion, leaving All the power of the processor to kick some serious computing butt!
1984 is back, and Apple is still leading the rebellion!
Did someone say tipping point? Heck, we passed that point last year! Yesterday’s numbers suggest Apple has reached escape velocity.
This guy has bad memory.
Apple had the same thing last year; their second calendar quarter of 2010 was bigger than holiday quarter of late 2009. And the third calendar quarter topped $20 billion in revenues.
Apple might easily top $30 billion on this years’ third calendar quarter.
At this trajectory, Apple is on track for being the world’s first trillion dollar company.
“One of the most common themes during the last year was that Apple’s growth rate was unsustainable. …”
– One of the most common themes with morons, maybe.
If it’s true that Apple has only 5 – 10 % market share of the expanding personal computer market, and even less share of the expanding business market, I’d say that Apple has only just begun it’s trajectory, and has room for massive growth.
I predict that people who buy APPL today, will look back upon this date as the day they bought their Apple shares at an amazingly low price.
Yes! iAgree that Apple market share has so so much room to grow from 10% now. AAPL is about $390 now.
Imagine at 20% AAPL will be about $1500/share!!! EZ 🙂
iOS can be at 500 million sold by 2013.
How many iPhone and iPad sold this past quarter?
Answer: 20 million = iPhone and 10 million = iPad
AAPL is still a bargain now! Buy! Hold!!!