Apple just posted their quarterly results, and the results are great. Apple sold a staggering amount of Macs this quarter. iPod sales are still growing. They sold 400,000 more Macs than they’ve ever sold, 2.1 million altogether. They’re selling their stuff like gangbusters in Europe. They earned a dollar per share over the last quarter. Apple has sold about 1.4 million iPhones, and the small-to-medium business segment loves the iPhone. Oh, and perhaps 250,000 of those iPhones were sold to unlockers. So yeah, business as usual. Look for more of the same next quarter, I’ll predict — once Leopard is out, there’s going to be a stronger-than-usual rush to get new machines as people upgrade.
Apple is going to surpass IBM in terms of stock market capitalization, perhaps as soon as the first quarter of 2008. A split is reported as also being a possibility. Apple surpassing IBM in terms of market capitalization will be a historic moment for longtime Apple fans, considering Apple’s famous anti-IBM Macintosh ad 1984. Of course, the IBM of today isn’t anywhere near the IBM of those days, but it is still a big accomplishment, given that Apple was fully in the toilet as recently the late 90s.
A lot of the Analysts are trying to figure out why the iPhone did so poorly over the launch weekend, and a lot of sites are trying to figure out why the overall number of phones sold (270,000) is so much lower than, ahem, someanalysts predicted. I haven’t seen it covered yet, so here it is: analysts were basing numbers based on the launch weekend, Friday the 29th, Saturday the 30th, and Sunday the 1st. Note that the 1st isn’t in the 3Q results: Apple reported on the first 30 hours of launch. That would be the 29th and 30th. It seems the market already knows it, Apple’s all back up to $143 in pre-market trading now, but it ought to be said.
Piper Jaffray issued a stock target of $205 for Apple, based off shared revenue from AT&T iPhone users, a projected 45 million iPhone sales by 2009, and math.
Analysts from UBS met with executives at Apple to talk about earnings, stocks, units shipped, and the like. Its relevance? Apple’s confidence in being able to ship enough units to meet iPhone demand. I hate product launches that use artificial scarcity to drive up demand, so I’m glad to see that this isn’t supposed to be one.
I’ve posted short blurbs, little slices, really, about Apple and Greenpeace previously, but it seems that we now have enough green apple slices to bake a pie (I’m sorry about that, really, but I can’t help it).
The iPhone Blog merged with the Phone different site in May of 2008. Both sites were founded on a premise that comes one from one of Apple's old slogans: Think different. The iPhone Blog: for people who dare to phone different.
