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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It's a funny old world
by siraf72 on Wed 24th Apr 2013 12:04 UTC
siraf72
Member since:
2006-02-22

Listening to some of the coverage you'd think Apple had a bad quarter. The company makes an insane amount of money and is the second most valuable company on the planet (which from a philosophical perspective is bizarre) , and yet people are talking about it as if it's sinking.

As was pointed out in a BBC interview, if Apple continued it's rate of growth from the last 10 years over another 5, it would be worth more than Australia. Utterly unrealistic.

Putting down Job's contribution to salesmanship is disingenuous. Phones sucked till the iPhone (despite it's glaring faults) caught an entire industry off guard. The prolific use of Apple laptops by qualified techies in all industries should point to the fact that the company isn't just about selling dumbed down products.

Aside from his RDF super powers, Jobs instilled an uncompromising focus on a vary narrow product range in the company. He also had a fundamental philosophy of "betting the company" every couple of years on a new product. The comment about his zero-sum game is right, it was all or nothing. The product will be amazing or the company dies, no other way around it.

Apple without Jobs will quite possibly be a different animal. I agree that Cook will take a more measured approach.

This bizarre spectre of doom due to a lowering of share price, that's cast on a company that is sitting on more money than it knows what to do with just doesn't make sense.

Reply Score: 5

RE: It's a funny old world
by Carewolf on Wed 24th Apr 2013 14:51 in reply to "It's a funny old world"
Carewolf Member since:
2005-09-08

Well. The problem with news and the stock market is that everybody expects growth and nobody seems to care about profit.

Remember Nokia: They also made huge profits before they decided things were so bad they needed to panic and throw everything out. What was so terrible? Their huge profits was getting slightly less huge.

Reply Parent Score: 3

RE[2]: It's a funny old world
by tylerdurden on Wed 24th Apr 2013 19:24 in reply to "RE: It's a funny old world"
tylerdurden Member since:
2009-03-17

First off, Nokia never ever reached the levels of profit that Apple has.

But more importantly, the expectation of growth is not a problematic "side effect" of capitalism... it is the whole core point of it. Publicly traded corporations exist for one thing and one thing only: to generate as much profit as possible (under current legal conditions) to maximize the return on the investments in the company. Any corporation that fails in that fiduciary duty gets penalized by the "market forces."

If apple can't maintain a specific level of growth, some investors will look for alternatives, talented employees will seek more lucrative employment positions elsewhere, etc, etc. Which eventually leads to a negative compounding effect, that makes a corporation less valuable, the minute its growth starts to falter.

(I'm not saying I morally approve of such a socioeconomic system, but that's the system under which Apple et al operate).

Edited 2013-04-24 19:27 UTC

Reply Parent Score: 4

RE: It's a funny old world
by Bill Shooter of Bul on Wed 24th Apr 2013 19:04 in reply to "It's a funny old world"
Bill Shooter of Bul Member since:
2006-07-14

The prolific use of Apple laptops by qualified techies in all industries should point to the fact that the company isn't just about selling dumbed down products.


I beg to differ. OSX is getting dumber with each release. OSX isn't the awesome product of yesteryear. IMHO, Linux has improved to the point where techys don't need OSX to babysit them, and actually is a real hindrance to getting work done. There are a number of people that buy OSX just to put linux on it. I kind of understand that.

Reply Parent Score: 3

RE[2]: It's a funny old world
by tony on Wed 24th Apr 2013 19:16 in reply to "RE: It's a funny old world"
tony Member since:
2005-07-06

"The prolific use of Apple laptops by qualified techies in all industries should point to the fact that the company isn't just about selling dumbed down products.


I beg to differ. OSX is getting dumber with each release. OSX isn't the awesome product of yesteryear. IMHO, Linux has improved to the point where techys don't need OSX to babysit them, and actually is a real hindrance to getting work done. There are a number of people that buy OSX just to put linux on it. I kind of understand that.
"

I beg to differ-differ. If that was true about Linux, techs would be using Linux on their laptops more than they are now, which is rare. And Macs don't hinder anything for me, it actually makes things really easy and seamless. The backup function in particular (Time Machine) makes it a breeze.

And if you do anything multi-media, the workflow is often obnoxious or non-existent. Even the Linux Action Show can't do their full show production workflow in Linux (at least the last I heard, about 9 months ago). To say nothing about mic drivers, mixer board drivers, and video editing is a joke (and a breeze on a Mac).

I've got Linux on my Mac laptop, but in a VM to do webapp development.

Reply Parent Score: 4

RE[2]: It's a funny old world
by moondevil on Wed 24th Apr 2013 20:31 in reply to "RE: It's a funny old world"
moondevil Member since:
2005-07-08

Apple was only selling OS X UNIX roots to get developers onboard.

Similar to when they were not sure if Java or Objective-C should be the way to go.

Now they have a stable position on the market and are free to model OS X and iOS to be as they feel like it.

Reply Parent Score: 3

RE[2]: It's a funny old world
by leos on Wed 24th Apr 2013 20:38 in reply to "RE: It's a funny old world"
leos Member since:
2005-09-21

"The prolific use of Apple laptops by qualified techies in all industries should point to the fact that the company isn't just about selling dumbed down products.


I beg to differ. OSX is getting dumber with each release. OSX isn't the awesome product of yesteryear. IMHO, Linux has improved to the point where techys don't need OSX to babysit them, and actually is a real hindrance to getting work done. There are a number of people that buy OSX just to put linux on it. I kind of understand that.
"

Name one thing that you can't do in OSX now that you could do before. Nothing about OSX has gotten dumber.
Some of the apps on top has been updated, and some iOS features have been integrated, but nothing was taken away. You can still take advantage of the unixy goodness underneath while having an integrated notification center, chatting with iMessage, and getting stuff from the app store.

Reply Parent Score: 3

RE[2]: It's a funny old world
by tylerdurden on Thu 25th Apr 2013 00:39 in reply to "RE: It's a funny old world"
tylerdurden Member since:
2009-03-17

There are a number of people that buy OSX just to put linux on it. I kind of understand that.



That strawman made such little sense that it's now lost in Oz looking for a brain...

Reply Parent Score: 3