Wednesday, October 20, 2010

AAPL Quarterly Earnings Details - Oct 2010

The Quarterly Figures ended Sept. 25:

  • Profit of $4.31 billion, with revenue of $20.34 billion. That compares to a $2.53 billion profit on sales of $12.21 billion for the same period last year.
  • Earnings of $4.64 per diluted share against analyst expectations of $4.06 a share on $18.86 billion in revenue for September quarter.
  • Sold 4.19 million iPads; it was the company’s first full quarter of iPad sales. (Note that iPad sales fell short of analyst expectations of between 5 million and 6 million)
  • Sold 14.1 million iPhones, fueled by the launch of the iPhone 4. By comparison, Apple says smartphone rival Research In Motion sold 12.1 million phones during its most recent quarter.
  • The iPod segment continues to shrink, with Apple selling 9.05 million music players during the quarter -  that’s an 11-percent drop from last year’s figures.
  • Sold 3.89 million Mac computer, up 27 percent from its year-ago sales. That’s a new record for Mac sales. Laptops account for 71 percent of the Macs sold during the September quarter. Sales of desktops rose nearly 28 percent to a little more than 1 million units.
  •  Nearly half of Apple's revenue - $8.8 billion - came from the 14.1 million iPhones it sold
  • Apple earned $14.3 billion in revenue from iPods, iPhones, iPads, and iTunes downloads, representing 70 percent of the company's revenue for the quarter.
  • AAPL is sitting on slightly less than $41 billion dollar cash hoard
Cheers !

Wednesday, October 06, 2010

Inverse Head and Shoulder formation

The downtrend since April 2010 for the major indices was broken when the August high was breached.
The major indices look like they are forming a Inverse Head and Shoulder formation with the current price already broken its neckline.

SPY (5 Oct 2010)

SPY, the ETF for S&P500 also has similar Inverse Head and Shoulder formation. If the formation continues its form, the SPY and the major indices are on the way up. Baring extreme negative conditions, it is likely to be so. As a Head and Shoulder formation has a measured move, the target price is around $125 ($9 to go). Be mindful that the U.S. mid-term election is going to be held in November. The market is likely to be going up till the election as it expects the Democrats to be denied of the majority. Thereafter, we shall see.

In Singapore, there will be a general election by Feb 2012. The market in Singapore is also expected to be up until the general election. Though the electoral boundaries are not finalised, it can be done one day before the nomination day. As for the possible election dates, it could be:
  • As soon the primary school year-end exams are over (as new primary schools a now rather large, the elections dept need not use Secondary Schools & Junior Colleges for Voting & Counting venues) but after the mourning period (if there is any) is over for PM's family over the death of MM Lee's wife
  • Soon after the GCE 'O' and A' level exams
  • Anytime in Jan to Feb 2011
Cheers !

PersianCat