Linked by Thom Holwerda on Wed 23rd Jan 2013 22:09 UTC
Apple "Apple Inc reported quarterly revenue that slightly missed Wall Street expectations as sales of its flagship iPhone came in below target, sending its shares down more than 4 percent. The world's largest technology company shipped 47.8 million iPhones, lower than the roughly 50 million that Wall Street analysts had predicted. Sales of the iPad came in at 22.9 million in the fiscal first quarter, about in line with forecasts." I'll leave the financials to the experts, but one thing that stood out to me: Apple sold 4.2 million Macs, almost a million below expectations. How much of a future does desktop computing have at Apple? Update: The NYT/Reuters changed the title during the night. Fixed it.
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Ridiculous expectations
by mkone on Wed 23rd Jan 2013 22:49 UTC
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Apple just posted revenue of $54bn, 8bn higher than they achieved in the year ago quarter (in a reporting period that was one week shorter). If you correct for that, they would have had between $57 and 58bn revenue. They also reported profits of $13bn. Marginally more than in that quarter.

And people are disappointed!

They also sold more iPhones than they have ever in a single quarter. To put things in perspective, they sold nearly 50m iPhone, and just 5m iPhones less than they managed through the whole of 2011. Their iPhone revenue was $30bn.

The revenue for the rest of their products is also nearly as much as the first quarter revenue in 2011. (It was $27bn then.)

Apple was never going to maintain the kind of growth that some people expected. It's just not possible.

By the way, just did the calculations. Until the year ending 1 February 2012, Dell made total profits of $27bn. Apple made half that in a single quarter. They obviously know what they are doing, analysts be damned!

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