Apple earnings grow in second fiscal quarter (BEAT)

foolishhao

SAN FRANCISCO (MarketWatch) - Apple Inc. reported a surprise gain in net income for its second fiscal quarter as sales for the period came in better than expected. For the quarter ended March 31, Apple (AAPL:Apple Inc
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Last: 121.23-0.53-0.44%

4:00pm 04/22/2009

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AAPL 121.23, -0.53, -0.4%) reported net income of $1.2 billion, or $1.33 per share, compared to earnings of $1 billion, or $1.16 a share, for the same period the previous year. Sales grew 9% to $8.17 billion for the quarter. Analysts were expecting Apple to report earnings of $1.09 per share on revenue of $8 billion, according to consensus estimates from FactSet Research

dara

same trick, apple always low its prediction first, then beat it.

It is playing the same stuff qtr by qtr.

goodness

The top line was not impressive.
iPhone is never a major product for AAPL. Now that the Mac business is going down, the excuse for the $120->$150 run last year no longer exists.

Any price spike above $125 would be tradeable.

goodness

Btw, AAPL's whisper number was $1.36

temujin

The top line was not impressive.
iPhone is never a major product for AAPL. Now that the Mac business is going down, the excuse for the $120->$150 run last year no longer exists.

Any price spike ab ...
goodness 发表于 2009-4-22 17:19

How is iphone not a major product for AAPL?  As far as I know, it contributed about $1.5 billion to the top line.  And if not for the deferred revenue recognition, where it's realized over a 2 year period, it would've been even more, probably $1 billion more, and this will only snow ball each quarter.  And all this, with iphone out for what, less than 2 years?

goodness

Gadget is a gadget. iPhone sales would be soon capped in the near future. I have to repeat that iPhone has never been and would never be a product to sustain the growth of whole company as expected.

iMac sales grow, then AAPL hikes.

temujin

Let's see, ipod and iphone are both gadgets, and they account for more than half the company's revenue.  Apple made its comeback with the iPod, a gadget.  iMac sales are down single digits during the greatest recession since the great depression. Apple has consistent beaten estimates quarter to quarter, they have $29 billion cash.  Give credit where it's due.