http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/ Engadget Comments for http://www.engadget.com/media/feedlogo.gif http://www.engadget.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 23rd 2008 4:29PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
But wait, there's more.

This doesn't just mean the arabs, it means american business too. It costs us more to operate in europe, and we pass that cost right on to you. Perhaps the UK is ready to acknowledge some value to the US dollar?]]>Jan 23rd 2008 4:33PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
NOW release the iPhone into the wild and see what happens.]]>Jan 22nd 2008 4:56PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:38PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
Apple, like many companies, start their business year October 1st. Since the holiday season usually makes this quarter the most profitable for companies it's a way to start the financial year out on a positive note.

(That is the simple answer)]]>Jan 22nd 2008 5:42PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 6:55PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 4:57PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:00PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://moneycentral.msn.com/detail/stock_quote?ipage=qdp&Symbol=AAPL, as of right now down another 15+ points or 10% in value. Looks like the market was expecting them to blow through their numbers even more than they did. Although things are a little askew right now.]]>Jan 22nd 2008 5:04PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:05PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:06PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:07PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:18PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:25PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:29PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Look at it this way. There is a fire sale. You cannot have ANY item in your store without a discount, how much ever good it might be. EVERYTHING has to go.]]>Jan 22nd 2008 5:29PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
Also that MacBook Air, stylish indeed, for posers that is, I would definitely count this as a discretionary purchase. Hmmm... Any luck with the iPhone? Apparently sale ain't that hot in Euroland, guess those Eurothrash just ain't clued up as to how very 'boom' 'boom' this is. ]]>Jan 22nd 2008 5:33PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
"Target price" means nothing. Nothing's a bargain in relation to its target price. That's an arbitrary number that some analyst somewhere arrived at.

P/E ratio means something. Apple's P/E is 39.59, which is actually not ridiculous for a tech company but is still well over the S&P 500 historical average of about 15. So Apple is not a "bargain" unless you think it's going to continue experiencing explosive growth - otherwise you're paying $40 for every dollar of earnings, which is not a very good deal.

Also, with a company like Apple, people *expect* them to blow past guidance. They do it every quarter. Probably the next six quarters are already priced into the stock and every one of them is expected to be better than guidance. If Apple ever came in *at* guidance, you would see the stock get absolutely *hammered*. Because that would mean the company did worse than investors had expected when they originally bought the stock. Everyone's expecting explosive growth out of Apple.

So if you bought at 170, I hate to tell you but you bought high. The stock will eventually get back up there, assuming Apple continues to do well, but this is not a "bargain".

Here's a little tip: no company with the amount of hype surrounding it that Apple has is *ever* a "bargain". You honestly think you're the only person following Apple? You think other investors have never heard of them? Institutional investors spend *billions* on companies like Apple, and they've got huge research teams working to find the best deals on stocks. Apple is not somehow flying under the radar here. The stock is priced where it should be priced.

Sorry to burst your bubble.

(Kind of an apt pun, I guess.)
]]>Jan 22nd 2008 5:43PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:46PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 6:02PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 6:38PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
I live in [a part of] "Euroland" and trust me, there are SO many people that WANT iPhones. They just can't justify the tariffs. £35+ a month? £420+ a year? £840+ per two years? That's just ridiculous. I would NEVER justify paying that much for a phone, whether or not it had an Apple on it - which is why I shall invest in an iPod Touch and keep my Samsung phone instead. Who cares about one device when I can have two for much less than the price of one?
The only two iPhones I've seen in the flesh were owned by my Math teacher and some guy in a rich village I visited once. That's all. We just can't afford them - even if we DO want them. Or maybe some of us just know how to use money more wisely than our Western sibling? - after all, we're the ones with a currency worth twice as much as yours :P]]>Jan 22nd 2008 6:39PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
All else is impressive, Mac unit growth tells me that the hammering of AAPL after hours is a typical panic reaction to what I don't know. Perhaps just "buy on rumor, sell on facts"?]]>Jan 22nd 2008 7:46PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/That's how many iPhones they sold in 1 quarter not total. The total amount sold that was reported at Macworld was over 4 million.]]>Jan 22nd 2008 10:45PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
Anyone who thinks the stock should go up because of the last quarter shouldn't be investing in stocks which are based on future earnings.]]>Jan 22nd 2008 11:04PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 4:59PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
That was hilarious.

---------
If Apple was able to do that well, for our economy's sake, Steve Jobs for president, perhaps?

Hrm, not needed. I heard he was just going to update all the Apple products at once--free of charge, this time--to enable iNdepence, which is a bit of a misnomer as it will be step one in Apple's quest for global domination.]]>Jan 22nd 2008 5:15PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
As much as I hate Apple, their Iphone and Ipod touch makes me want to buy in (but that isn't gonna happen).
]]>Jan 22nd 2008 5:01PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
Everything would be solid colors and covered in transluscent glaze, everything would be proprietary, there would be no fun games to play, and the Sun would be changed to a spinning rainbow thingy.]]>Jan 22nd 2008 5:21PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
Personally, I'm all against a cult run country.

Otherwise known as Communism.

]]>Jan 22nd 2008 6:32PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Mac is greatblahblahblahblah iphone awesomeblahblahblah]]>Jan 22nd 2008 5:02PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:06PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 6:21PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
I'm sooooooooo glad I didn't break my stock market cherry with my christmas bonus and APPL @ 200ish.
]]>Jan 22nd 2008 5:06PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:08PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 7:02PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 7:44PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 8:53PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
"Apple disappoints -- The iPod and iPhone maker reported better than expected sales and profits but stock plummets on weak guidance for its next quarter..."

"For its second quarter, Apple expects earnings of about 94 cents per share on about $6.8 billion in revenue. Analysts expected earnings of $1.09 per share on revenue of $6.98 billion."

http://money.cnn.com/2008/01/22/news/companies/aapl_apple_earnings.ap/index.htm
]]>Jan 22nd 2008 5:15PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:26PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 7:56PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:23PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:27PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 10:55PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 6:28PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
That's what my friend told me. I kid you not, within the next 30 minutes, his iPhone's SMS didn't work (because firmware 1.13 screwed it up), his MacBook didn't work (with Netflix, and my NAS's control panel). ]]>Jan 22nd 2008 11:40PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 5:26PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
How can Apple fan boys think that they are somehow using something besides a personal computer to brows the tubes?

]]>Jan 22nd 2008 6:29PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/
Thank you thank you thanks I have been saying this FOREVER and nobody seems to listen, that why I hate those stupid mac vs pc adds it should be Windows vs OS X but that doesn't sound condecending enough.]]>Jan 22nd 2008 6:55PMhttp://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/http://www.engadget.com/2008/01/22/apple-posts-1-58b-profit-buys-monocle-top-hat/Jan 22nd 2008 7:11PM