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Apple's Quarterly Results

Posted by pudge on from the i-gotta-git-me-some-o-dat dept.

Juanvaldes writes "Apple posts $40 million profit for the second quarter on revenues of 1.5 billion up 4% from this quarter last year..." I thought Apple was dead. Hm!

20 comments

  1. And you people said Apple was overpriced... by Daniel+Wood · · Score: 1
    Revenues for the quarter were $1.5 billion, up 4 percent from the year ago quarter, and gross margins were 27.4 percent, compared to 26.9 percent in the year ago quarter.

    Hah!

    1. Re:And you people said Apple was overpriced... by Juanvaldes · · Score: 1

      I'm not a finance guy (go figure posting to slashdot...) so are gross margins how much they mark up the price of their product over cost?

    2. Re:And you people said Apple was overpriced... by goon+america · · Score: 1
      Don't forget that gross margins are not evenly distributed across all products.

      In other words, the margin on an iMac (targeted at more price-sensitive consumers) is probably way, way less than that of a TiBook. So keep that in mind.

    3. Re:And you people said Apple was overpriced... by Aniquel · · Score: 2, Insightful

      Naw. Gross margins are the difference between net (absolute total) sales and cost of goods sold. What's more interesting about this is that gross margins are higher, which is good, revenue is higher (which is also good), but then earnings per share is down (arguably bad). So Apple the company seems to be doing good (w/ 4.3 billion in CA$H), but it wouldn't seem to be a great investment. Unless, of course, you bought it 10 years ago.

    4. Re:And you people said Apple was overpriced... by presearch · · Score: 2, Insightful
      Unless, of course, you bought it 10 years ago.

      ...and sold it two years ago.

  2. Dead? by Gaetano · · Score: 2, Funny

    "I thought Apple was dead. Hm!"

    -1 Troll. :)

  3. Truth is Lies by Anonymous Coward · · Score: 0

    Don't tell us the truth, tell us what we want to hear!

  4. Good to hear by AnamanFan · · Score: 1

    I'm glad to hear this good news! Now lets hope that Apple can keep it going strong.

    --
    AnamanFan - Trying to find the Truth, one post at a time.
  5. Economy or Jobs? by D.A.+Zollinger · · Score: 2, Interesting

    So, is this an indicator that the economy has turned around, and people are willing to spend hard earned cash on a good computer system? Or is it the masterful leadership of Jobs that has turned this computer company around?

    Although I do think the economy is playing a part in this, I think that it is more the strong leadership of Jobs who has been able to deliver on the hype, and who has focused the creative talents of his employees to produce an excellent operating system, and some cool looking computers and computing devices.

    --
    I haven't lost my mind!
    It is backed up on disk...somewhere...
    1. Re:Economy or Jobs? by Surlyboi · · Score: 2, Insightful

      Careful, someone might accuse you of being under the
      influence of the Reality Distortion Field

      Still I agree with you, I don't think it's the
      economy picking back up. (Actually, it's not so
      much picked up as bottomed out, but I digress...)
      Apple's been turning in decent quarterly results
      since the downturn started. They must be doing
      something right.

      --
      Mod me down and I will become more powerful than you can possibly imagine...
  6. The stock is too pricey... by PoiBoy · · Score: 1
    Supposing AAPL earns $0.60/share for the fiscal year ending in September, the stock is trading at 41 times forward earnings. Moreover, I don't see how they can grow more than 20% or so per year, so the stock relatively little upside from here.

    Yes, I think Apple makes great products; and I may buy one later this year. The stock, however, is fully valued.

    --
    Sig (appended to the end of comments you post, 120 chars)
    1. Re:The stock is too pricey... by Anonymous Coward · · Score: 0

      You have to look at the long term when investing. Most all stocks trade at values significantly higher than their projected earnings for a given quarter. They have very good signs of growth potential indicated buy; wise technology purchases, cash on hand, loyal user base (that helped them be profitable when many weren't), an apparently very compitent executive team, and a product line of hardware and software that is attractive to repeat and new consumers.

  7. Pie Iesu domine, dona eis requiem by SocialWorm · · Score: 4, Funny
    CART MASTER:
    Bring out your dead! [clang] Bring out your dead! [clang]

    MICROSOFT:
    Here's one.

    APPLE:
    I'm not dead!

    CART MASTER:
    'Ere. He says he's not dead!

    MICROSOFT:
    Yes, he is.

    APPLE:
    I'm not! I had a 40 million dollar profit last quarter!

    CART MASTER:
    He isn't?

    MICROSOFT:
    Well, he will be soon. He's very ill.

    APPLE:
    I'm getting better!

    MICROSOFT:
    No, you're not. You'll be stone dead in a moment.

    To see the original: Bring out your dead.

    Seriously, I think I made a bad bet.

    --
    My Blog: http://nic.dreamhost.com/
  8. During a 'shipment limited' quarter too! by freerangegeek · · Score: 3, Insightful

    Given the 'reported' problems with the importing the new iMacs and that the units only seem to have been shipping in large quantities in the last month or so, I think this is amazingly good news. With the new 10G iPod and the ability to ship iMacs at rate, I suspect Q2 is going to be prettty damn amazing for apple.

    Remember folks, almost every other home computer company is really struggling to make numbers these days. Apple made them with production problems.

    1. Re:During a 'shipment limited' quarter too! by Anonymous Coward · · Score: 0

      soon as the economy picks up or those g5's come out apples desktop line will take off again.

  9. Delivering on the hype?!?!?!?!?! by Anonymous Coward · · Score: 0
    Where's my flat panel iMac?

    Maybe you mean the strong leadership of Jobs who looks like he'll eventually deliver on the hype, several months late, for a mere extra $100 than promised.

  10. Re:Funny by Anonymous Coward · · Score: 0

    http://www.billparish.com/presslist.html

  11. Heh by Anonymous Coward · · Score: 0

    I thought Bill Parish was long forgotten. I guess not.