Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (112816)	4/25/2012 8:43:29 AM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

Does anyone remember what free enterprise looks like? Does anyone remember what made this country successful and wealthy? Hint: It wasn't the financialization of the economy by the criminal banking syndicate. Hint # 2: It wasn't stealing from tax payers to bail out the banks. Hint # 3: see below. Let's hope the government doesn't decide to start interfering with Apple too. ------------- Apple by the Numbers By Barry Ritholtz - April 25th, 2012, 7:15AM Once again, its hard to put the Apple earnings into context. There are 5 key areas to look at: iPhone, iPad, Mac, Retail Stores, and International growth. The numbers are simply immense: Earnings: • Apple had net income of $11.6 billion on revenue of $39.19 billion. Earnings per share were $12.30 (versus Street analysts consensus of $10.06 per share, $9.52 billion in profits on revenue of $36.8 billion); • Profits rose 94%; revenues gained 58.9%for Q1 • Apple’s cash = $110.2 billion at end of Q1 (up from $97.6 billion at year’s end) • ~$74 billion of Aple’s cash is held offshore. • Gross margin rose to 47.4% from 41.4% a year earlier. • Apple has beaten Wall Street’s consensus estimates in 16 out of its last 17 quarters; • Apple has 360 million cumulative iOS device sales. iPhones: • Apple sold 35.1 million iPhones — up from 18.65 million units a year ago. • iPhones (+ ecosystem) are 57.9% of Apple’s sales, up from 52.7% prior Q. • iPhones are now available in more than 100 countries and at 230 wireless carriers (versus 90 countries and 186 carriers a year ago). • iPhone sales in Asia Pacific doubled. iPad: • iPad sales were 11.8 million units — up more than 150% from a year ago. • Since its launch two years ago, Apple has sold 67 million iPads (Tim Cook: “It took us 24 years to sell that many Macs, and five years to sell that many iPods, and over three years for that many iPhones.”) • iPad channel inventory was about 2 million at the end of the quarter, which is below the company’s target range of 4-6 weeks of iPad inventory. • App Store has 600,000 apps, 200,000 of them specifically for iPad. Everything else: • China accounted for $7.9 billion of revenue — about 20% of Apple’s total; this is a 300% gain from year ago levels. • Two years ago, Apple sales in China were 2% pf total. • Apple sold 4 million Macs during Q, up 7% vs Q1 2011; • iPod sales were 7.7 million units, down 15% vs Q1 2011; • iTunes sales = $1.9 billion Q1 — an annual run rate of about $8 billion per year (up 35% year over year). • Retail store revenues jumped 38% from 2011 Q1; • 24th straight Q that the Mac has outgrown the broader PC market. • Non Mac PC shipments in the United States totaled 15.5 million units in the first three months of 2012, representing a 3.5 percent decline from the same period last year