Apple’s $13.1 billion quarter was all-time 4th highest of any company

“One of the members of Investor Village’s AAPL Sanity board — let’s call him David — sent me a link to the data in the attached chart,” Philip Elmer-DeWitt reports for Fortune. [Apple has had 5 of the 10 biggest corporate quarters ever recorded.]

“‘I’ll leave it to the analysts to explain why Apple’s stock went down 8% today,” David wrote on Tuesday, the day after Apple (AAPL) turned in the fourth highest quarterly earnings ever reported,” P.E.D. reports. “It was Apple’s fifth $10-billion-plus quarter in three years. Only oil and gas companies make that kind of money, and they haven’t seen $10 billion quarter since 2011.”

See the chart in the full article here.

[Thanks to MacDailyNews Reader “David E.” for the heads up.]

19 Comments

    1. No. Not really. Absolutely no. Apple owns one of the worlds biggest hedge funds = Braeburn Capital. What they should do is to stop short selling or return the “uptick rule”.

  1. Stock trading should be called by its true name: gambling, and it should be regulated as such. I’m sure the world would have a different view of the stock market if traders had to go into a casino to make “a bet.”

  2. Love that Amazon and Google. You know, I’m willing to pay more for birds in the bush than birds in the hand. Hey yea, love that amazon strategy of billions in sale at yet make no money. Seems like the markets pick who they want to be the winner and subsidize the heck out of them hoping they become a monolith like Microshaft, Google, Exxon.

    1. Interesting Seeking Alpha headline and story:
      “Google Missed: Where’s The Outrage
      One of the greatest mysteries in our market has continued for another quarter. A few weeks ago, I called Google ( GOOG ) the most overrated stock in the market. Again, that is overrated, not overvalued, …”

  3. Each quarter is becoming a vicious cycle that everyone is playing, i.e. Buy when the share price drops after the earnings announcement then sell the day of the next earnings announcement.
    It’s no longer about the company’s management and fiscal stability.

    Is there anyway we can breakout of the cycle?

    1. Yes, elect officials who will actually change the tax code (which, unfortunately, currently supports this kind of crap), change the laws governing the way options and shorts can be done, and change the laws governing the way paid analysts get paid for their assessments of businesses. Also tax hedge fund manager fees as ordinary income. Right now a LOT of their fees are reclassified as capital gains and thus get a huge tax break.

      Unfortunately, I don’t hold out much hope for any of this to ever happen. People with VERY deep pockets are making too much money on the way Wall Street is run now. They’ll use a small fraction of that money to keep the laws they way the are, and try to influence the lawmakers in a way that makes it even easier to manipulate the market.

      Here’s an interesting idea:
      For all earners making $250,000 or more per year in taxable income: Only 5% tax on any increase in Book Value plus one years trailing profit of the stock you sell (take the Book Value of the company, add in the past year’s profit then divide by the number of shares) and 60% tax on the sale price that is above this value. The purchase basis used to calculate gains would be done the same way. You could even modify it to be zero percent instead of 5% for stocks held more than five years with the 60% factor staying the same.. (For all earners making less than $250,000 a year, leave the current system in place.)

      This way if big investors do invest in companies that do really well, their taxes would be extremely low. The tax code rewards them for investing in companies that do well. If they invest in extremely speculative companies that are either basically worthless or are making zero net income, then their taxes would be extremely high.

      Also there becomes very little incentive to pump and dump stock independently of the true viability of the business itself.

      1. How about this Shadowself. Let s not do anything that would complicate the tax code more. While your idea has value, it’s too complicated and will simply lead to manipulation.

        E.G. The Capitol Gains taxes are extremely good for investment when companies hold portions of other companies assets thru securities. The sales of those generally lead to increased economic growth, as those profits are plowed back into the business. It, however, doesn’t work so well with the very wealthy individual ownership, as those divestitures are often used simply to pad their own wealth and not to increase the collective wealth through job creation and business building. Add into the mix the Huge Hedge Funds and Investment Banks whose sole purpose is to profit off the fluctuations in the markets,; particularly the Options market.

        We need to simplify and streamline the regulations. We don’t need to eliminate regulation but it does need to be as straightforward as possible to avoid opportunities for manipulation as well as minimize unintended consequences which occur often with overly complicated regulation.

        For you as well as Buster, I’d suggest, first and foremost, a reinstatement of the Glass Steagal act. separating Commercial and investment banking, thereby minimizing undo speculation and avoidance of derivatives, short selling and other finical shenanigans. This in particular with the reinstatement of the uptick rule (an MDN favorite), would at least insure that the Banks could use only their own finances and not use our savings and deposits to play Russian Roulette with the world economy

        The second suggestion would be a sort of non compete clause for Governmental workers. No person who works for the SEC should be able to work in the finance, money management, insurance, procurement or lobbying industries for a minimum of 5 years after leaving public service.

        The third suggestion would be the dissolution of the Federal Reserve banking system and the return of the monetary system to our sovereign countries hands.

  4. The anal-ists don’t know what they’re doing. I’m convinced they have gone mad and have lost all common sense and understanding about business in general. They all should resign immediately.

  5. There is almost zero chance of Apple shareholders getting any sort of increased share returns from this company. Everything Apple does only succeeds in removing shareholder value from the stock. I’ve given up on Apple’s share value ever rising and will simply settle for getting my dividends. What’s somewhat disappointing is that Apple didn’t even mention anything about increasing dividends in 2014. It’s as though Apple doesn’t even want to encourage long-term investors to buy stock in the company, although I understand they probably don’t need more hedge fund investors. Apple remains a rather shareholder unfriendly company. Money goes into Apple and then goes directly into their reserve cash hoard where the majority simply sits in a low-interest foreign bank. It seems like only Apple is coming out the winner.

  6. EPS is an interesting figure too. Over $40 per share. Google is a close second at $36.
    The market knows what it is doing. They are making money out of a sure thing. Apple’s performance are solid so they draw investors in to raise the price and then spread FUD to drop it again.

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