Wednesday, July 22, 2009

some real quick metrics on aapl's quarter

margins were really quite strong, surprising most everyone, as the company did a great job keeping down component costs and also was able to keep a lid on costs associated with the ramp of new products.

operating margins topped 20%

international revenue accounted for 44% of the total

cash and investments now total about $31.1 billion, or about $34.60 a share

over 65,000 apps are now available, and customers have downloaded over 1.5 billion apps so far

six new retail stores were opened in the quarter

50% of macs sold were to first-time buyers

the company gave its usual comically conservative guidance, but i think that the next-quarter eps guidance did come in above the whisper numbers; the cfo said eps is expected to fall in the range of $1.18 to $1.23 (vs. $1.30 consensus), and revenue is expected to be $8.7 billion to $8.9 billion (vs. $9.07 billion consensus). gross margins are expected to decline to 34%, and the tax rate should come in around 30%. there was no mention of jobs whatsoever. the only thing management said it was looking forward to was the release of the new snow leopard software.

long aapl

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