Jason Snell has a great transcript of what Tim Cook said to analysts during the earnings call today. In case you missed it, Apple reported a profit $10.7 billion on revenue of $49.6 billion.
What Tim Cook told analysts
Jason Snell has a great transcript of what Tim Cook said to analysts during the earnings call today. In case you missed it, Apple reported a profit $10.7 billion on revenue of $49.6 billion.
And the Market immediately took about $100 BILLION MARKET CAP off Apple’s financial portfolio and OUT of my pocket.
$100 billion out of your pocket? I don’t care, you’re buying the next round.
Out of OUR COLLECTIVE POCKETS….
Now you’re trying to stiff us with the bar tab.
Nope, I’ll still but… The point remains the same… Tim and his screwed us…
That’s just absurd. The stock drops every time, no matter how great the news, and has to do more with investor idiocy than with Apple’s decisions.
Have another long pull on your pipe and contemplate tomorrow when your banker calls..
It’s so common it has its own name: buy on rumour, sell on news.
Tee..Hee.. Old wives tale…
Tim & his team did better than anyone expected … maybe you screwed yourself? Or the Street did.
Nope, too many years and too many battle scares and seen this too many times…
With $200+ BN in COLD HARD CASH, Apple could completely buy out Samsung at its current Market Cap. with about $1BN in change. Or they could just buy Greece instead.
Perhaps, Apple could throw a bit more spare change at Apple Music. It could use a pick-me-up.
Seen what? Temporary fluctuations before the stock rises again? Or did you just get caught on the wrong end of a day-trade?
Loose a hose or go home in a new Bvenz…
Overall takeaways. The overall business grew 37%. The iPhone is growing like mad outside of Europe and NA. No one still understands the iPad customers and renewal cycles, except that customers still love the product. The Mac business is healthy and would be the envy of any other manufacturer. There is $200 billion in the bank.
In other words, Apple is doomed.