Reporting just 54.5 Billion in revenue, & a shameful $14 billion in earnings, with only 48.7 million Iphones begin sold,(worst selling smart phone on the market), worst yet it only sold 28 million Ipads,(again the worst selling tablets on the market), but the worst part of Apple is it's balance sheet, of which it only has $140 billion in cash. This is the result of no innovation.. Next qt it will only have $42 Billion in revenue, & earn a lousy $11 billion. Yes I can see why this is the best stock in the market to short.
are you talking about the 140 billion you will never see a penny of? that will never be used to your benefit? why have they accumulated so much without telling us the future use plans? they are not managing capital well and they are not shareholder friendly. A couple of shareholder friendly statements, a $40 special div, (they would still have 100 billion in cash left!), maybe a split... would do wonders for the stock price. not holding my breath.
They still have 75 percent of all smartphone profit globally, and samsung has 24% and htc 1%.... how is that not dominating? Also the quarter was a week shorter than the previous year and a week in apple terms that is a big hit.
No doubt Apple is Amazing..Like nothing no one has ever seen before... But THe Problem is simple......The Sandbagging caught up with Apple . Analysts Know Apple Sandbags and They estimate X % of growth over Apples Sandbagged Number. So Apple misses 3 straight Quarters of Unrealistic Estimates of Analysts. Now Let us visit what Apple said of Guidance and Estimates on the CC. Apple basically admits it was sandbagging numbers and now says they will try to give more of an accurate range for earnings to fall in.
So Now The Problem....Do we Blame Analysts for over Zealous earnings estimates? Or Should the Blame be on Apple for sandbagging earnings guidance all those years and The Game has caught up with Them?
So when You admit Guilt like this Investors lose the faith cause what else might Apple lie about?
Again Amazing Company....Amazing story......A Money Machine.....Yet No One Wants to hear We are Guilty of Sandbagging Numbers we now will try to give a more accurate earnings range....so in other words....please forgive us Analysts...we now will try to give you better numbers now likewise can you Analysts be more reasonable with your estimates.
They never said they were sandbagging.. Or say anything that implies the like to lie
The merely said that our guidance has been conservative.. A number that we felt confident we can deliver!
That is not lying... That is being conservative.
The new guidance format is supposed to put a cap on stupid estimates by analysts... I think it is good move for the long run.