John Gruber writes for Daring Fireball, “Some much needed perspective on Apple’s first year-over-year quarterly sales drop since 2003, from Daisuke Wakabayashi for the WSJ: ‘Apple’s revenue and profit for the fiscal second quarter ended March 26 both missed analysts’ expectations. The company also projected that revenue in the current quarter would fall far short of expectations.'”
“Wakabayashi continues: ‘But for all of the concerns about Apple’s growth, the company still generated profits in the March quarter that are expected to exceed the combined earnings of technology peers Alphabet Inc., Facebook Inc., and Amazon.com Inc.,'” Gruber writes. “Amazon isn’t expected to announce results until Thursday, and they famously strategically forgo profit for the sake of revenue growth. So let’s take them out and replace them with a company with a history of enormous profits, Microsoft.”
Gruber writes, “It’s still true: with $10.5 billion in profit, Apple earned more in the quarter than Alphabet ($4.2B), Facebook ($1.5B), and Microsoft ($3.8B) combined.”
Read more in the full article here.
MacDailyNews Take: Perspective is a wonderful thing.
SEE ALSO:
Apple’s earnings crater — for now – April 28, 2016
Apple lost the entire market value of Tesla Motors in one hour – April 28, 2016
Nope, Apple is not doomed; why you shouldn’t give up on the stock – April 27, 2016
Apple’s massive R&D expenditure indicates myriad projects in the pipeline – April 27, 2016
Wall Street still lacking the skills to drive Apple – April 27, 2016
The silver lining in Apple’s across-the-board miss – April 27, 2016
Apple reports earnings miss in Q216 – April 26, 2016
That should give the Tim Cook Doofus Brickbats Brigade a moment for reflection.
C’mon, man. Don’t you know that Cook’s primary goal should be to manipulate the stock price for “investors”? The long term goals of the company pale in comparison to the short term portfolio gains of those people.
I’m an investor in AAPL and am very happy with how Tim Cook is performing.
He’s taking a long term view, which is absolutely what investors such as myself want. On the other hand, speculators are only looking for short term gains.
I’ve been investing in AAPL for well over than ten years now and have seen many occasions when people predict doom and gloom for Apple and the stock price takes a dive, but it’s alway bounced back again and on many occasions, I’ve been able to take advantage of the nonsense and buy additional shares at the low prices created by speculators.
Whoosh!
alan, I think you missed the obvious “/s” at the end of cmfj’s comment.
Can’t we do both? Great new products and spectacular upgrades plus a soaring stock price? 🙂
I see the sarcasm. Well played with a straight face.
Yeah, wow. A lot of folks apparently didn’t see the sarcasm. I even got down-voted for pointing out cmfj was obviously being sarcastic.
Wow, Apple lost that much? No shit?
What’s in your wallet, besides dead moths?
Pictures of your family members performing fellatio, bloodypeter.
I understand your embarrassment of you belonging to a family in the porn industry and those are actually family reunion pics for you.
I wrote “your family” bloodypeter. It’s clear that you have no perception of the obvious. I understand, Apple fanboys are truly the least advanced and intelligent of humans. It’s not your fault, you are a product of poor genetics.
Well spoken, for a born dullard with a third grade education and the progeny of inbred circus folks.
Joe, shouldn’t you be in school? Your first grade truant officer may be looking for you?
Predicting Apple doom ‘n gloom has always been a fool’s reasoning bet. Watch the specious Apple Hating vermin scatter on the next great quarter – temporarily anyway. (Punxsutawney Phil has better analytical skills than these wretched & woebegone examples of humanity.)
Can we start the “Apple Death Knell” count again?
Indubitably sir! Why not indeed? The homophobic Tim Cook Doofus Brickbats Brigade will be SO delighted.
Screw the stock.
I’d like a nickel every time someone predicts Apple is dead instead. Now that would be a HEALTHY RETURN. ha!
Interesting! Apple is DOOMED, but it made massive profits.
Only on WallNut Street, lined with coke psychotics, is Apple doing poorly.
Dr. Pepper says that $95.08 is not psychotic or a hallucination. It’s reality. AAPL : a sick patient.