Apple’s FY12 numbers: Sales up 45%; earnings up 59.5%; cash up $40 billion – analysts were disappointed

“Apple (AAPL) released its Form 10-K annual report Wednesday,” Philip Elmer-DeWitt reports for Fortune. “To the key numbers summarized below we’ll add one more: Since the end of the company’s 2012 fiscal year in September, its shares have fallen $71.78 (10.8%).”

A few key numbers from P.E.D.’s full list (source: Apple Inc.’s 10-K form):

• Net sales: $156.5 billion, up from $108.2 billion
• Gross margin: 43.9%, up from 40.5%
• Cash and marketable securities: $121.25 billion, up from $81.57 billion
• Long term debt: $0.00

Read more in the full article here.

MacDailyNews Take: Wall Street is a game. You either play it well and win, play it poorly and lose, or just cheer and/or jeer from the sidelines.


  1. Wall Street may be a game, but the problem is that it’s so massively stacked in the favour of the big players that if they decide they want to do something they just do it, doesn’t matter how well others might play, or predict the madness. The deck is stacked.

  2. If they are so disappointed , I hope they can lower the earning estimate for the 1st quarter 2013 result .

    Estimated $12.08 per share is fine .
    I don’t want to hear they are disappointed but they set the bar too high crazily .

  3. MDN, you got that one right… “Wall Street is a game. You either play it well and win, play it poorly and lose, or just cheer and/or jeer from the sidelines.”

    Buy low and sell high and ride the Apple roll-a-coaster.

    1. Exactly, and a game is for fun. There should be a disclaimer on Wall Street not to put your life savings there. Then again there should be a similar disclaimer just outside the Casinos: “Are you stupid? Pay your taxes here.”

      I think the one troll was talking about driving it to $580.00. Go for it, no sweat off of my back, it’s a buying opportunity.

  4. I doubt that current company fundamentals are used to value stocks’ share price anymore. It’s easier for Wall Street to cook the books using terms like future potential and long-term outlooks. That way they can push stocks up or down without any proof to back up their manipulation.

    There’s no way to prove that three years from now Amazon will bring in 250 times revenue whereas Apple won’t be able to bring in 16 times revenue. That’s just guessing the future and the future can change at any time. The saying of “A bird in hand is worth two in a bush” obviously doesn’t apply to Wall Street’s thinking. Wall Street keeps betting on a whole flock of birds are going to land in Amazon’s bush sometime in the future and no birds are coming to Apple’s bush.

  5. The biggest disease and problem America has is Wall Street. Wall Street is the economic saboteur of the American dream; it is the parasite that feeds while others do the hard work. It pontificates an orthodoxy that preaches that greed is good and that gold can be converted from debts and speculation. Wall Street consists of smart people whose thought processes rival that of morons. Morons only harm themselves but Wall Street’s elite-morons caused harm to others while they managed to escape punishment. That’s how deep Wall Street has entrenched itself into the American life blood and any action taken to root it out of the system will kill the host.

    Wall Street hates Apple because Apple does not embrace Wall Street’s orthodoxy of living on debt. If I am not mistaken, Apple is the only company that does not depend on Wall Street’s banks to fund its growth. It is because of Apple’s decision not to depend on Wall Street that has helped it to escape the perdition that has visited many companies, both big and small. Wall Street has feed voraciously on these companies that they have few options to choose.

    Wall Street had been trying to harm Apple since Steve Jobs was alive. Everything that Apple did during Steve Jobs’ tenure were considered inadequate and underwhelmed. Now that Steve Jobs was gone, Wall Street is elevating Steve Jobs into a supernal figure who never did anything wrong and using it as a weapon to club Tim Cook’s performance. That’s how devious Wall Street is to the economic health of America.

  6. Yup. Based on the numbers, Apple is doomed.


    Kids, be like a duck and let the noise roll down your back like drops of water. The short term game is that Wall Street is attempting to make Apple its biatch by manipulating news and sentiment to drive down its valuation. knowing full well that the big boys will buy back in and ride the stock up again in a miraculous recovery.

    Imagine an inflated beach ball held under water. It can only stay there for so long. Apple stock is like that.

    The best way Apple stockholders can ride this out is by being patient. Ignoring the noise and incessant yapping of the jackals. Eventually, they will run out of breath. Over time, earnings and cash growth will drown out the bloggers, pundits and critics. Several years from now, your patience will be greatly rewarded.

    “Be greedy when others are fearful, and be fearful when others are greedy.”
    – Warren Buffett

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