Linked by Thom Holwerda on Tue 23rd Apr 2013 22:35 UTC
Apple "Apple just posted its hotly-anticipated Q2 2013 earnings, and the company posted a profit of $9.5b on revenues of $43.6b, compared to $11.6b in profit on $39.2b in revenue this quarter last year and $13.1b in profit on $54.5b in revenue last quarter. That's right in line with the company's guidance from last quarter. Most importantly, iPhone sales are fairly flat year-over-year. Apple sold 37.04 million in Q2 2013 versus last year's 35.1 million, a modest growth of seven percent. iPad sales for the quarter were 19.5 million, up a massive 65 percent from last year's 11.8 million, but the average selling price (ASP) dropped fairly steeply year-over-year, likely due to the introduction of the cheaper iPad mini."
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RE: the past is irrelevant
by Thom_Holwerda on Thu 25th Apr 2013 08:16 UTC in reply to "the past is irrelevant"
Thom_Holwerda
Member since:
2005-06-29

Very few people seem to understand that investors aren't just looking for growth - they're looking for more growth. Meaning that if you had 20% growth yesterday, but 15% growth today, you'll be punished. This is the danger of crazy growth figures such as Apple has seen. It's obvious the kind of rapid growth they saw was wholly unsustainable in the long run - and yet, so-called Apple bloggerexperts are surprised they didn't.

On top of that, there's Apple crazy money pile. They've got a gazillion dollars sitting in the bank, not earning any investor any money whatsoever.

So, Apple's crazy growth is settling into normal, regular growth, and yet, Apple is letting its gazillion dollar stockpile go to waste instead of using it to spur growth. As an investor, I'd do a double-take too.

Edited 2013-04-25 08:16 UTC

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