Linked by Thom Holwerda on Tue 23rd Apr 2013 22:35 UTC
"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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Member since:
2005-09-21
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.
Good example of techies not understanding business.
1. It's not "sitting in the bank"
2. They are initiating the biggest share buyback in history, which is good for investors.
3. They are increasing the dividend, which earns investors money
4. They've massively increased R&D spending, which spurs growth.