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Apple stock flirts with $400 after company reports Q3 earnings

Posted: , by Alan F.

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Apple stock flirts with $400 after company reports Q3 earnings
Apple reported an amazing third quarter with earnings of $7.79 per share well above estimates of $5.85. Revenue of $28.6 billion far surpassed the $25 billion expected by analysts. CEO Steve Jobs said, "We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent. Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall."

For the quarter, Apple sold 20.3 million units of the Apple iPhone 4 and 9.52 million iPad 2 units, which totally smoked estimates. For example, we recently reported that Brian White of Ticonderoga Securities was looking for 17.53 million in Apple iPhone 4 sales and 8.5 million Apple iPad 2 sales.

Apple now has $76.8 billion in cash, up $10 billion in the last 90 days, which could actually hold down the stock because such a mountain of cash can burn a hole in an executive's pocket until they use it to make an ill-thought out acquisition.

Apple estimated fourth quarter earnings of $5.50 a share, below analyst's estimates of $6.42. The Cupertino based firm predicts $25 billion in sales for Q4, lower than the $27.7 billion that Wall Street expects. It should be noted that Apple has a reputation of "lowering the bar" to make it easier for the company to beat earnings estimates.

After hours, Apple's stock soared $21.99 or 5.84% to $398.84, a new 52 week high.

source: DowJones via Yahoo

89 Comments
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posted on 19 Jul 2011, 16:08 3

1. Whateverman (Posts: 3187; Member since: 17 May 2009)


Oooooo, that's a lot o money!

posted on 19 Jul 2011, 18:22 7

23. Laurynas (unregistered)


That's because overpriced products gives big earnings.

posted on 19 Jul 2011, 23:46 3

49. ilia1986 (unregistered)


And hordes of underdeveloped idiots who blindly buy them give even bigger earnings.

posted on 20 Jul 2011, 08:00 2

77. rhomaion (Posts: 187; Member since: 23 Sep 2009)


You get what you pay for... in your case it's probably a Optimus V... lmao

posted on 19 Jul 2011, 16:29 9

2. heatfan316 (unregistered)


Who gives a rats ass, 20 million iPhones and 10 million ipads for the quarter all I got to say is 550,000 android devices activated daily do the math android is still number one

posted on 19 Jul 2011, 16:58 6

4. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


troll

posted on 19 Jul 2011, 23:47 4

50. ilia1986 (unregistered)


taco you're an idiot.

posted on 20 Jul 2011, 00:03

53. Wowe1234 (unregistered)


Hey... You can spell....

posted on 20 Jul 2011, 07:58 1

76. rhomaion (Posts: 187; Member since: 23 Sep 2009)


Ok, so what your saying is that every manufacturer that wants to sell an Android phone can without paying a license fee and when you combine the numbers of activations of Android OS from all these manufacturers that they outnumber iOS activations? Well at least they can do something right. Fact is iPhone still outsells any other device because no other device is as good.

posted on 20 Jul 2011, 14:00

81. Phoneguy007 (Posts: 218; Member since: 02 Jun 2011)


but android has more than 1 device

posted on 20 Jul 2011, 14:01

82. Phoneguy007 (Posts: 218; Member since: 02 Jun 2011)


but who really cares what do you people really have against apple.....I love my iphone and my android phone....

posted on 19 Jul 2011, 16:43 7

3. bucky (Posts: 1283; Member since: 30 Sep 2009)


Nice! Only took 4 years, 15 companies and hundreds of phones to catch up to one company and one phone! Not something to brag about dude...

posted on 19 Jul 2011, 16:59 9

5. Mjay90 (unregistered)


Give me at least a 4inch(4,3inch preferably) screen and add Flash to the browser and I'll throw my android phone out the window and I'll buy my first iPhone !!!! :D

posted on 19 Jul 2011, 18:48 5

30. stealthd (Posts: 911; Member since: 12 Jun 2011)


Meh, 25 minutes of audio-only flash streaming on my Atrix brought down the battery 40%. Having flash isnt doing anyone any favors in my opinion.

posted on 19 Jul 2011, 20:23 2

34. Winston (unregistered)


Sounds like:
1) You don't actually have an Atrix; or
2) The battery was actually at 45% to begin with; or
3) You should have bought the Galaxy S2!
Let me see....to have Flash or not to have it....tough choice. For those Apple users who don't have Flash and say they don't care....called sour grapes my friend.

posted on 19 Jul 2011, 20:26 2

35. cheetah2k (Posts: 768; Member since: 16 Jan 2011)


Its not all flash, its how its implimented on the handset that counts. Apple have cited security reasons for not adopting it on iOS. I call BS, and think its more to do with strained Adobe vs Apple relationships.

.... and where is HTML5 these days? zzzzzzzzzz

posted on 19 Jul 2011, 21:17 3

38. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


I use an iPad and I'd say 75-80% of websites are html5

posted on 20 Jul 2011, 00:42 1

56. android_hitman (Posts: 591; Member since: 07 Jul 2010)


u are stupid ... stop trolling around

posted on 20 Jul 2011, 06:49

74. pandamaja (unregistered)


When trying to understand to lunacy of this claim, it finally occured to me.

Here Taco, I fixed that for ya:

"I use an iPad and I'd say 75-80% of the 10 websites I frequent are html5"

This makes more sense.

posted on 21 Jul 2011, 11:45

90. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


This is coming from research not me Google it to see why you're wrong troll.

posted on 20 Jul 2011, 05:02 1

71. PhoneLuver (Posts: 462; Member since: 05 Jul 2010)


I tend to agree.. Flash uses tons of resources!
I disable it on my browser. It all seems too much effort to bother..

posted on 19 Jul 2011, 17:04 4

6. BobbyTaba (Posts: 316; Member since: 11 Aug 2010)


I like android way better and i would like heat fan comment but the stupid ipad won't let me

posted on 19 Jul 2011, 17:41 5

11. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


I can like comments from the iPad all the time. Sounds like you're not smart enough to use the internet.

posted on 20 Jul 2011, 10:38

80. herejere (Posts: 1; Member since: 15 May 2008)


That's probably why he bought an iPad... jk.

posted on 19 Jul 2011, 17:20 7

7. heatfan316 (unregistered)


If anybody is a troll it would be you taco the reason apple does so good with only one phone is because its the only one available and people here in U.S follow trend all they know is apple if sgs2 was the only andriod device available it beat apple in sales worldwide people need to put the devices side by side and see how much power the samsung has it is a superior device

posted on 19 Jul 2011, 17:42 4

12. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


So why isn't it beating Apple in sales? Let's see because there's other android phones? Well doesn't Apple compete with those also? Are you from the US? You're english is very bad.

posted on 19 Jul 2011, 20:29 3

36. cheetah2k (Posts: 768; Member since: 16 Jan 2011)


Hang on... How long has the SGSII been available people??

Lets have this conversation in 12 months and then do the math.

My $$ is on the SGSII

posted on 19 Jul 2011, 21:27 1

40. bucky (Posts: 1283; Member since: 30 Sep 2009)


That's just silly.

posted on 19 Jul 2011, 21:47 4

42. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


You fandroid trolls are getting pathetic. Every month you tell us how your new flavor of the month crapdroid will beat the iPhone and it never does. Guess what Apple crushed with a year old phone.

Upcoming quarter we have iOS 5, iCloud, iPhone 5 on more carriers and the holiday season.

GAME OVER FANDROIDS

posted on 19 Jul 2011, 23:41

46. lolz (unregistered)


Zzzzzzzzzzzzz!!!

posted on 20 Jul 2011, 01:03

61. dionddc (Posts: 129; Member since: 19 Jul 2011)


@taco50

Have fun with 5 GB of free storage on your cloud service.

I'm pretty sure I'm entitled to 20, 000 songs on Google Music. And that's just one part of Google's cloud service - it's already letting me hold more for free.

posted on 20 Jul 2011, 14:04

83. Phoneguy007 (Posts: 218; Member since: 02 Jun 2011)


lol I love this site......

posted on 20 Jul 2011, 00:00 1

51. dionddc (Posts: 129; Member since: 19 Jul 2011)


@taco50

The Galaxy S II is matching iPhone 4 sales. And it's only the second phone in the Galaxy S series. Good luck.

posted on 20 Jul 2011, 00:06 3

54. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


How many did it sell in Q3? iPhone sold 20 mil

posted on 20 Jul 2011, 00:52 2

59. dionddc (Posts: 129; Member since: 19 Jul 2011)


iPhone as a series? Sure.

As a Galaxy series, Samsung sold over 19 million smartphones - and that was Q2, they both operate on different timelines, compared to Apple's Q3. Note that the Galaxy S II has also not been released in the USA yet.

Take the USA out of those Q3 results, and given that 38% of sales come from the US for Apple (quoted by them), you're left with just 12.4 or so million iPhones sold.

Given that Samsung and analysts expect the Galaxy S II launch in the US to push the Galaxy S II's sales over 20 million - I think it's safe to say that the Galaxy series is selling better than the iPhone series. And this is a fair comparison - is it not? One series vs. another.

Ouch.

posted on 21 Jul 2011, 11:49

91. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


Do you realize Samsung has more than galaxy smartphone series that they sell? where are you getting 19 million as Samsung hasn't reported results? Why would we take us sales out other than to make you're flawed theory work?

posted on 19 Jul 2011, 18:06 4

16. 530gemini (Posts: 2198; Member since: 09 Sep 2010)


@heatfan/sniggly. FYI, 62% of the iphone's sales were from outside the US. If sgs2 is that good, it wouldn't matter if there are tons of other android phones out there, just like it wouldn't matter with the iphone whether there are tons of other phones out there. Each phone model is an option for every user regardless of their OS.

posted on 20 Jul 2011, 00:58 1

60. dionddc (Posts: 129; Member since: 19 Jul 2011)


That's why the Galaxy S II sales are nearly on par with the iPhone 4's.

Just imagine if the HTC Sensation wasn't coming. Or if the Motorola Atrix or LG Optimus 2X weren't around.

"If sgs2 is that good, it wouldn't matter if there are tons of other android phones out there" - bulls**t. Yes, it would matter - because some people wanted a dual core phone for the lowest price possible - they wouldn't look at the Galaxy S II. However, if there weren't any other dual core Android phones available, if they had the money, it's reasonable to say that they could opt for the Galaxy S II and increase its sales even further.

posted on 20 Jul 2011, 04:23 3

69. 530gemini (Posts: 2198; Member since: 09 Sep 2010)


@dionddc. How can you say that sgs2 sales is on par with the iphone? Sgs2 have only sold 3million units while the iphone have sold 18.65 million units in q2 of 2011 alone.

The iphone is as much as one of the options as any other phones are. I can also say that the iphone could have sold more if the sgs2 or other htc and android devices were not released. All of them are part of the consumers' options. And the fact that most consumers chose the iphone over the rest, says a lot about how much better preferred the iphone is than the others.

posted on 21 Jul 2011, 06:15

89. dionddc (Posts: 129; Member since: 19 Jul 2011)


Are you retarded?

The iPhone as a series sold those those figures.

If your figures are correct, then Apple lost to Samsung's Galaxy Android series of phones which sold 19 million throughout Q2.

Reply back to me when I answer you. Don't be a coward because you're getting raped. You want an argument - argue with me. Don't be a pussy.

posted on 19 Jul 2011, 17:27

8. Tmachaveli (Posts: 425; Member since: 01 Apr 2011)


amen to that !!

posted on 19 Jul 2011, 17:35 1

9. Sniggly (Posts: 6695; Member since: 05 Dec 2009)


Something is bothering me here: didn't Apple JUST report Q2 a couple of weeks ago?

posted on 19 Jul 2011, 17:41 4

10. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


Are you being serious? They reported Q2 in April...

posted on 19 Jul 2011, 18:07 3

18. 530gemini (Posts: 2198; Member since: 09 Sep 2010)


Hey taco. Now let's watch sniggly cook up his own figures and calculations, hahahahaha.

posted on 19 Jul 2011, 18:34 3

25. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


ha ha that's probably why he hasn't responded. He's working out his own numbers based on a bunch of anti Apple assumptions. He should focus on trying to sell phones instead. Can you imagine why someone would put that much effort into trying to discredit an Apple article?

posted on 19 Jul 2011, 18:45 2

28. Sniggly (Posts: 6695; Member since: 05 Dec 2009)


Welcome to the Taco/Gemini circle jerk, where misinformation flows like it's coming from Fox News's ass.

First, if I'm wrong I'm wrong. Nothing more to it.

Second, I haven't responded because unlike you cretins, I do sometimes have actual work to do. In fact, I'm starting a new full time job in two weeks, so you'll probably only see me in the evenings during the week.

Third, I already explained to you jackasses what the purpose of my number crunching was, and it was only to get an idea of what Motorola's actual Android sales are. So when I modified Apple's numbers downward, I was also revising Motorola's numbers downward.

Do we need to set up a Phonearena reading comprehension class for you two, or can you grow up and act like adults for a change?

posted on 19 Jul 2011, 17:59 4

13. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


Wow these are amazing results. Imagine the massacre that will happen with iPhone 5 on all carriers.

posted on 19 Jul 2011, 18:10 3

19. 530gemini (Posts: 2198; Member since: 09 Sep 2010)


I know right? And there was a fandroid that posted a comment yesterday that Apple is dying. And would you believe that he got several thumbs up? Lol. I'm just happy that reality is on our side. Fandroids definitely live in some twilight zone where Apple is at the verge of filing bankcruptcy, lol.

posted on 19 Jul 2011, 18:47 1

29. Sniggly (Posts: 6695; Member since: 05 Dec 2009)


They could be. It wouldn't be the first time a company has lied about tremendous success in order to inflate stock prices and then imploded after fooling everyone for years.

And no, this is not me agreeing that Apple is dying, Gemini. Put the tin foil hat down.

posted on 19 Jul 2011, 20:12 2

32. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


Ok I'm having a hard time now. Did you really just suggest Apple could be making up their sales numbers? I know for a fandroid troll these results are hard to swallow, but you'd be better off locking yourself in a dark room until this blows over.

I'd jump on the Nokia/Windows 7 bandwagon now so you can claim being ahead of the game. I have a feeling android is about to take a tumble.

posted on 19 Jul 2011, 20:22

33. Sniggly (Posts: 6695; Member since: 05 Dec 2009)


Um, Taco, did you not read the part where I said I didn't actually think it was the case? The evidence in fact does seem to speak strongly in the opposite direction. It's just something fun to ponder: what if Apple isn't doing nearly as well as they report? It's odd for a phone model to be selling about 3 million more each quarter even as it grows over a year old, with no drop in price and a new model being released in just a couple of months. Granted, with Apple it could happen, but it does seem to defy the law of aging tech products.

posted on 19 Jul 2011, 21:20 1

39. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


That's like saying what if Sniggly was retarded, not saying i think that, but what if he was.

You're right it does defy what's normal, but then again the iPhone is leaps and bounds ahead of all other phones.

The original iPhone would sell well in today's market.

posted on 19 Jul 2011, 21:40

41. Sniggly (Posts: 6695; Member since: 05 Dec 2009)


In other words, you took offense to my idle musings? Calm down, dude. I'm not the Bogeyman.

Btw, taco, I've noticed you're very selective about what posts you'll respond to. Why is that?

posted on 19 Jul 2011, 22:29 1

43. networkdood (Posts: 6244; Member since: 31 Mar 2010)


IPhone is 'leaps and bounds' ahead of all other phones??

Really, my captivate is better than iphone 3GS. Infuse 4G is a better phone than the iphone 4....both comparisons in terms of specs....

posted on 19 Jul 2011, 20:50 1

37. Heatfan316 (unregistered)


You have a hard time understanding anything taco your a borderline retard you don't rep apple your a disgrace

posted on 20 Jul 2011, 01:09 1

62. 530gemini (Posts: 2198; Member since: 09 Sep 2010)


@taco. They're really losing it. Logic has left fandroids for good. So all sniggly could say now is that Apple's quarterly report is bogus, lol.

posted on 19 Jul 2011, 18:01 1

14. heatfan316 (unregistered)


Yeah I'm from the U.S taco it's called typing fast in case you didn't know. I've noticed something about your comments taco you're so defensive are you afraid of android you sound like a little crybaby

posted on 19 Jul 2011, 18:35 1

26. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


Oh I thought you were a foreigner based on your poor English lol. So can you explain you're reasoning that sgs2 has to compete with android and according to you Apple doesn't compete with android?

posted on 19 Jul 2011, 18:02 2

15. gallitoking (Posts: 4680; Member since: 17 May 2011)


I wonder if Steve has a building of fill with money like scrooge McDuck...

posted on 20 Jul 2011, 14:40

85. Phoneguy007 (Posts: 218; Member since: 02 Jun 2011)


lmao!!!!

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