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.

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