racer357

After having one, I have no Idea. I hated mine.

KIRKRIDER

Heyyy...Wait. I need my job.



Apple reported a record quarter on Wednesday, boosted by strong iPhone and iPad sales, but the popularity of cheaper versions of its mobile devices pinched the company's profits.
The company sold 47.8 million iPhones during the past quarter, shattering the record of 37 million that it set a year ago when the iPhone 4S debuted. It's a stunning number, considering that supply chain woes limited iPhone 5 availability throughout much of the quarter.
That helped Apple record a quarterly profit of $13.1 billion, the second highest profit ever earned by a U.S. corporation -- bested only by Exxon Mobil's (XOM, Fortune 500) record-setting $14.8 billion quarter from the fall of 2008, when oil prices were at an all-time high.
Still, many analysts and Apple (AAPL, Fortune 500) investors are concerned that buyers' interest in the the iPhone might be drying up. Sales estimates for the current quarter and beyond are a pittance compared to the number of iPhones Apple was able to sell over the past three months, and Apple's stock has lost more than a quarter of its value over the past four months.
Customers also appear eager to pay $100 less to get a year-old iPhone 4S or $200 less to get the two-year-old iPhone 4 instead of the iPhone 5, whose features are only slightly more impressive than the older versions'. Verizon (VZ, Fortune 500) reported on Tuesday that it sold a record number of iPhones during the quarter, but the iPhone 5 made up only half of its Apple smartphone sales.
As a result, Apple's profit just barely beat its total from the same quarter a year ago. By the slimmest of margins -- $14 million -- Apple avoided recording its first year-over-year drop in profit in nine years, as analysts had feared it might.
The older iPhones reduced the average selling price of the iPhone and contributed to Apple's pinched profit margin. The company's gross margin fell to 38.6% -- down a whopping six percentage points from the same period a year ago.
Investors didn't like the news. Shares of Apple fell by more than 11% in after-hours trading.
Apple's sales rose 17.7% to $54.5 billion, just missing analysts' forecasts of $54.7 billion.
Still, Apple fattened its cash hoard nicely: It's currently sitting on $137.1 billion.


Apple sells 48 million iPhones, but profit squeezed - Jan. 23, 2013

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2012/13 -12- Kirkwood days
Arbor A-Frame 158 2009-10
Jeremy Jones Hovercraft 156, 2011/12
Burton Driver-X
K2-Cinch-CTX
Subaru WRX 06

linvillegorge

Apple isn't going away. They're still the dominant force in electronics. It's just that the sheen is slowly wearing off. They haven't done anything innovative in quite sometime. I think people are slowly starting to wake up and realize that all the stuff Apple hypes as new and awesome, others have been doing for years. The iPhone was revolutionary when it first hit the market. It set the stage for what smartphones have become. However, in the last 3-4 years, the iPhone has been reactionary, not revolutionary. They're just trying to keep up with the competition now and I think the general public is starting to realize that.

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"People say that marijuana smoking is going to get in the way of my career. I say to them that on the contrary, my fighting career is getting in the way of my marijuana smoking." -Nick Diaz

mixie

Im hoping to see it drop to $300 or even less.

to think I thought I was 'so fucking smart' when i bouht a shit ton of aapl for around $47 in 05 and sold it less then a year later for about $85 i think? I figured I about doubled my money, better get out while I was ahead.


sigh....the day it hit $500 I swear to god I was gonna break something.

Never mind all my apple fan boy co workers who hung on that whole time. dancing around the office...fuckers.

They are lucky I did not break all their iProduts in angry investor RAGE

remember every time you buy an apple product, you should just buy stock instead!!

here's a what if? chart

http://www.kyleconroy.com/2010/04/apple-stock

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if a cat fucked a shark, the babies would be called women. snowklinger

killclimbz

Dang Mixie, that kind of sucks.

Apple isn't going anywhere. I personally would like to see a little more compatibility out of them before getting another product from them.

linvillegorge

My biggest stock miss was Select Comfort at 6 cents per share. Everyone thought they were gonna go bust but I had inside info that they were about to get a huge cash injection to save them. I had $1000 to throw on it, but this was at the height of the recession and I just couldn't risk it knowing that something could fall through and if it did the company was DONE. That stock is sitting at $28.85 today. My $1000 would be $480,000 right now. I'm gonna go puke.

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"People say that marijuana smoking is going to get in the way of my career. I say to them that on the contrary, my fighting career is getting in the way of my marijuana smoking." -Nick Diaz

killclimbz

Wouldn't that inside info had of qualified as Insider Trading?

Damn if $480k would be nice though...

linvillegorge

Would it be considered insider trading? Hell yeah. But, everyone who makes it big playing the stock game is doing it via insider trading. It's kinda like counting cards in blackjack. Sure, it's illegal, but it's hard to prove unless you're being obvious about it.

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"People say that marijuana smoking is going to get in the way of my career. I say to them that on the contrary, my fighting career is getting in the way of my marijuana smoking." -Nick Diaz

BurtonAvenger

Best investment ever was a 100 bucks back in 1985 by my grandfather on a little seed/electrics/something else. Turned into 50g's by the early 2000's and allowed me to do some cool stuff. Looking back wish I had sold it at its height and put it into either GPS or Apple.

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Angry Snowboarder Because someone has to call it how they see it!

dubstatic

my uncle bought 20k in apple stocks in 1994 lol.

my iphone 5 is a pos compared to any other iphone i have owned. love my macbook tho. its 5 years old and hasn't given me any trouble