Wednesday, July 22, 2009

Apple beats the credit crunch

Ok, I know, I'm an Apple freak but it does seem that other people are too. As someone with a tiny number of shares in the company, I do like to see them doing well: and the third quarter results see the company doing very well.
Revenues were $8.34 billion, up 12 percent. Net profit was $1.23 billion, or $1.35 per share. Analysts had been looking for $1.18 per share, and Apple had guided them even lower—to just below a dollar. The stock traded up on the news at $151, putting Apple's market cap at $135 billion—neck-and-neck with Google.
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Apple sold 5.2 million iPhones in the last quarter, a 626 percent jump from 717,000 units one year ago. Apple's App Store has delivered 1.5 billion downloads to iPhone owners in just one year.
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Apple sold 2.6 million computers, up 4 percent from last year. With market research analysts expecting the overall PC market to decline by as much as 5 percent this year, "this puts us 7 to 9 percent ahead of the market," Cook said.

Sales of portable Macs—MacBooks and MacBook Pros—did even better, growing 13 percent in the quarter. Another interesting factoid: Apple says half of the people who bought a Mac in the quarter had never bought a Mac before, a sign that Windows users are continuing to convert.

I know a growing number of people who have converted and they are all massive fans. Quite simply, Apple make great products and I have increased my shareholding on the back of these results.

What can they produce that will beat what they already have? I wait with bated breath...

23 comments:

Anonymous said...

Linux is an old-fashioned open-bladed razor.

Windows is a fancy new Braun electric shaver.

Apple is a bowling pin.

The Mac: providing computing for people with a third grade education.

Anonymous said...

Actually most normal people don't want to sudo bashing terminal command lines just to install a browser!

People just want their computers to work, having owned a linux machine, a pc and various macs I know which one allows me to be the most productive ~ the apple everytime!

I've never had to re map a network drive on my mac, it just sees all the other computers and printers, it runs windows xp seamlessly behind OSX for when I need to run SAGE accounts and I've had 1 crash in 18 months! and no viruses ~ bliss.

Yes, you Linux machine is very powerful and allows you to do amazing things and your OS cost nothing! bully for you... Most people don't have the time to invest in become a geek to get a return from linux.

Actually as I'm sure you're aware the Mac is basically a linux machine with a fancy user interface. One down side of the mac, the bluetooth mouse thing is rubbish!

Anonymous said...

"The Mac: providing computing for people with a third grade education"

oh bullshit. I'm an academic with 4 times as many letters after my names than in it. Have been using computers since 1978 - macs in the early 80s, windows from windows 95 to Vista. I don't have the time or inclination to google for 6 hours for solutions to problems installing an external hard drive to a vista laptop. That's exactly what happened to me last year, one week before I bought my Macbook, now I have retired my desktop PC as well in favour of a 3 GhZ iMac. What can't I do with my computer? What is there in a windows PC that makes it like a "fancy" electric shaver??? You mean that when taking it apart because the new OS needs 20 gigs of RAM to work at all, there is a risk of electrocution?

Jackart said...

Iphones: They're Grrrreat. Apart from the battery life, which is rubbish!

Bristol Dave said...

Anon @ 1:56am

Most people don't have the time to invest in become a geek to get a return from linux.

Sorry, that's absolute shit. Have you even seen, for example, Ubuntu recently? It's no more complicated or geeky than Windows. I'm confident my dad could use it out the box, and that's saying something.

As for the Mac - there's nothing wrong with it per se, although I do take umbrance with a computer/OS manufacturer that believes I can't cope with more than one mouse button, but the main thing is I (like many others) just resent paying the Apple Tax. That's why Apple are doing well, because they're charging you more money for an image. You've got to admire their marketing and ability to drag people on bandwagons, if nothing else.

The iPhone has a nice screen, some good third-party apps, and that's about it. Millions of people (sheeple?) buying a phone that up until recently couldn't do basic functions that Windows Mobile has had licked for years like copy and paste, sending/recieving MMS, recording video, etc shows the extent and effectiveness of Apple's marketing power.

I think the HTC Touch Pro 2 is better, but that's mainly because I like a physical keyboard.

Phillip said...

"Actually most normal people don't want to sudo bashing terminal command lines just to install a browser!"

Applications > Add/Remove Programs

Err, that's it.

wonderfulforhisage said...

"What can they produce that will beat what they already have? I wait with bated breath..."

One wonders to what extent Steve Jobs is Apple. I think I'm right in saying they had a comparative lean patch some years ago when he wasn't at the helm. When he came back they surged. And, SJ has just had a liver transplant I understand.

Linus said...

Oh - what a lazy post!

Write for the Apple Fan boys - see the comments fill up with Mac Bashing! - Easy eyeballs!

I don't like Macs because its just one company controlling everything - and they try to prosecute people who fiddle with the hardware - a bit rich for a company who freely use the work of others as the basis of their OS!

Anyway - enjoy your easy comments!

Garry said...

I use Ubuntu and i don't even know anybody with letters after their name.

Add/Remove Programs is great, but it's my dream that one day i will successfully unpack and install something in a tar.gz file.

Gnostic said...
This comment has been removed by the author.
Wossat? said...

Had several Apple products. Very pretty. Not impressed.

Devil's Kitchen said...

Bristol Dave,

If this were QI, the big alarms—indicating obvious but wrong answers—would have gone off by now.

Two classic tropes—that haven't been true for years—in one comment. Yay!

"As for the Mac - there's nothing wrong with it per se, although I do take umbrance with a computer/OS manufacturer that believes I can't cope with more than one mouse button..."

If you think that Macs only have one mouse button, then you probably can only cope with one.

Apples have come with a seven-button configurable mouse for many years now.

"... but the main thing is I (like many others) just resent paying the Apple Tax."

Do you resent paying the Sony Tax? Because, power for power, Sony machines are more expensive than Apple.

Macs are actually about average, when comparing equivalent features: but they do not do lowest common denominator machines.

Yes, in the 90s, Apple pursued a high-margin, low-unit strategy (when Jobs had been ousted) which is ironic: Jobs' original vision was to make Apple a low-cost manufacturer—his dream was to make the first sub-$1,000 personal computer.

"That's why Apple are doing well, because they're charging you more money for an image. You've got to admire their marketing and ability to drag people on bandwagons, if nothing else."

You could also admire the fact that they understand that people want to use the computer as a tool for doing things other than fucking about with the computer.

You could admire them for understanding that the User Interface is absolutely key.

And yes, you can admire their marketing, which is good.

But what you should most admire is the fact that they have thousands of "Apple fan-boys": people don't become incredibly attached to a computer for no reason, you know.

"The iPhone has a nice screen, some good third-party apps, and that's about it. Millions of people (sheeple?) buying a phone that up until recently couldn't do basic functions that Windows Mobile has had licked for years like copy and paste, sending/recieving MMS, recording video, etc shows the extent and effectiveness of Apple's marketing power."

*sigh*

You just don't understand why the iPhone has been so successful, do you? You don't understand that having lots of features is completely pointless if people are unable to use them.

What the iPhone has demonstrated is that a user experience is far more important than oodles of features.

All of the things that you mention have been added in the iPhone OS 3.0 and (for video) the iPhone 3G S. But I never missed them, and nor did anyone else I know.

I think that I have received precisely 5 MMS messages in my life—and one of those was from O2 telling me that my MMS service had just been activated.

I don't want to record video on my phone and, I would venture to say, nor do most people who use an iPhone.

And I didn't miss copy and paste either: the only thing that it's really good for is adding phone numbers, etc. and Apple had already found a way around that, i.e. the iPhone knew when it was a number and (effectively) hyperlinked it. I have now had copy and paste for over a month and I haven't used it once.

Seriously, features aren't everything and if you haven't learnt that from the iPhone's success, then I don't know when you are going to learn it.

As an aside, most successful Mac developers have learnt from Apple: the development community is now full of cheap, small apps that do one thing very well, rather than a whole raft of things rather badly.

Personally, I am glad of it: it is allowing me to move away from bloated, expensive applications—such as Adobe's—and towards smaller, cheaper alternatives. It's an incredibly exciting time to be an Apple user.

DK

Anonymous said...

Apple do nice design, great UI and /fantastic/ marketing.

I just think it's a shame they appear to be attempting to be more evil than Microsuck, and personally wouldn't invest in them while they take that attitude to their customers. They want it to be /illegal/ to jailbreak a phone!

Z.

Having said that I heart my iPhone, apart from battery life...

Devil's Kitchen said...

Hmmm,

"They want it to be /illegal/ to jailbreak a phone!"

Well, since Apple take a cut of the carriers' fees, if you jailbreak your iPhone you are, in fact, stealing revenue from Apple.

It certainly shouldn't be a criminal offence, but if Apple would like to sue people who jailbreak their iPhone, then they are perfectly entitled to do so.

Apart from anything else, jailbreaking the iPhone is a breach of contract, and you know how keen I am on contract law...

DK

Obsidian said...

Macs a great, but not that great they need eulogizing over.

My iMac and iPhone are great, with the formers bootcamped XP running better than it does on a higher specced PC build (now my local server).

The iPhones not perfect - the camera ought to be a lot better, and not originally handling MMS was pretty poor - but it's by far the most useful mobile I've ever had.

Although the fact you can't take the battery out for a hard reboot is annoying as all hell.

If Apple could get over some of its more tedious control-freakery when it comes to apps and, well, replacing batteries, they'd be worth cheering over, but currently they're Redmond with better PR and sleeker goods.

nbc said...

@Bristol Dave

Have you even seen, for example, Ubuntu recently?

Yup, it's brown and looks like a dirty protest.

assegai mike said...

I'm totally agnostic on Mac v Win, which I suppose is a bit like liking both the Beatles and the Stones (is Mac Stones and Windows Beatles? Or the other way around?).

May only current Gripe with Apple is why should I *have* to subscribe to O2 to have an iPhone? Bollocks to that.

Also what does to "jailbait an iPhone" mean, pliz? I'm not very hip, you see, although I could do with a new one.

BenS said...

As a hardcore linux user, I can't be doing with anything connected with Apple.

Also http://imgs.xkcd.com/comics/linux_user_at_best_buy.png

Anonymous said...

Yes and technically you might be considered to be stealing if you go to pee or make a cup of tea while the ads are on in a program you are watching. Doesn't make it wrong though does it?! :)

Sorry I bought the iPhone, it's _mine_ and it's none of Apple's business what I do with it. I'm contracted to O2 for 18 months anyway, so what do they lose if I jailbreak it?

I'm more interested in the right/wrong of the matter, not the legality. I hold the legal system of this country in complete contempt now, justice is a concept which seems sadly to have passed it's best-before date.

Z.

Anonymous said...

If you want an iphone and don't want to be tied to O2 then do what I did and buy the iphone from italy ~ unsubsidized price is £550!

You can't take the subsidy and then steal the revenue apple are hoping they make from your calls by jailbreaking the phone.

Apples biggest marketing mistake in my opinion is not allowing the iphone on all mobile networks. They could have destroyed Nokia, Samsung, HTC and Sony handsets by now if it had been available to everyone. Cleared up on the market share, app store and no doubt raise Mac notebook and desktop sales based on the iphone user experience.

Anonymous said...

Anyone who becomes "incredibly attached to a computer" is psychologically disturbed.

Angry Exile said...

All interesting given my current situation with Apple. After several increasingly happy years with a Power PC Mac coinciding with increasing amounts of misery with Windows laptop we took the plunge and dropped a couple of grand on a MacBook Pro. And far from covering itself with glory it's been as big a disappointment as the Hewlett Pile Of Shit-ard that it replaced. Currently in for warranty repair for the third time (same fault) and getting very mixed up and inconsistent information from Apple staff. I feel like I'm being driven against my will back into the evil arms of Microwaft.


Word verification "hypes" - funny that.

David Gillies said...

"Anyone who becomes "incredibly attached to a computer" is psychologically disturbed."

Or possibly, as is extremely common these days, it is their primary means of subsistence and therefore getting incredibly attached to it is no more an indication of psychological disturbance than any craftsman forming a strong bond with his toolbox. Get a couple of carpenters to debate the merits of Elu vs. DeWalt and it will be every bit as partisan and emotional as Mac vs. Windows.

As a software engineer of many years' experience, I prefer MacOS. I use Linux and BSD professionally. I use Windows under protest. These are not irrational preferences. They are preferences honed over decades of use, having written literally millions of lines of software, in academia and industry, for platforms and operating systems too numerous to list.