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Tuesday, October 18, 2011

Everything that's wrong with the shareholder model of corporate money in one article
Posted by Jill | 7:59 PM
The latest about Apple stock:

Apple today reported revenue of $28.27B for the fourth quarter and $6.62B in net profit ($7.05 per diluted share). These numbers compare quite favorably to $20.34B and $4.31B ($4.64 per diluted share) for the same quarter last year.

Gross margins for Apple during Q4 were 40.3 percent.

During the quarter, Apple sold 17.07 million iPhones (21 percent growth year-over-year), 11.12 million iPads (166 percent growth), 4.89 million Mac computers (26 percent growth), and 6.62 million iPods (27 percent decline)

[snip]

Despite the good news coming out Cupertino today, investors weren't too terribly impressed. Analysts were expecting revenue of $29.69B and earnings per share of $7.39. They also expected quarterly iPhones sales to be in the 18 million to 20 million range.

Apple shares are down over $26 in after hours trading.


Wall Street analysts are like the Critical Parent of the Transactional Analysis model developed by Eric Berne in the 1950's: No matter how well you perform, they always want to know why you didn't do better.

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3 Comments:
Anonymous southern Beale said...
Wall Street analysts are like the Critical Parent...

Wall Street is like a schizophrenic coming off a week-long crack binge.
10/18/11, 8:18 PM  
Anonymous BNJ said...
Here I must agree with you. Everything is about growth growth growth. What's wrong with a company that isn't doubling in size but is consistently profitable, year after year? Why would someone *not* want to invest in such a company? And yet by prizing unsustainable growth rates above all else, the Street disparages such operations.
10/19/11, 9:03 AM  
Anonymous Anonymous said...
It's not that Apple didn't make money, its that they didn't make the kind of money Wall Street wanted.

Yes, greed is a terrible addiction...
10/19/11, 3:03 PM  
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