Tuesday, October 19, 2010

Apple's Quarterly revenue crosses $20 Billion. Will it use this money to buy Facebook?



Apple brought in sales of $20.34 billion for its fiscal fourth quarter and a net profit of $4.31 billion, both best-ever quarterly performances.

Apple's quarterly net profit soars 70%








Apple reports sales of,

  • 3.89 million Macs, up 27% from the same quarter last year

  • 14.1 million iPhones, up 91% from the same quarter last year

  • 9.05 million iPods, a decline of 11% from the same quarter last year

  • 4.19 million iPads (which wasn’t available last year)




Asymco says that 60 percent of Apple’s sales are from products that did not exist three years ago.





Apple's CEO Steve Jobs made a surprise appearance on the company’s earnings call to not only field questions from analysts, but to also give his thoughts on Apple’s competitors in the smartphone and tablet market.

Mashable highlights below things from his talk.

-Open Systems Don’t Always Win

Google loves to characterize Android as open, Apple as closed. "We find this a bit disingenuous". Even if Google were right, and the real issue was closed vs. open, it’s important to remember that open systems don’t always win

-7″ Tablets

Most of them are pushing 7.5″ screen. That means they are just at 45% size of our 10″ screen. “You heard that right….This size isn’t sufficient to create great tablet apps.

-Apple TV and Other Hobbies

So far we’ve sold 250,000 new Apple TVs. “I’m thrilled with that.” And with Airplay set up, “it will give people another big reason to buy it.”

-Apple’s Vision vs. Everyone Else


Although there are exceptions, you almost never see Apple remove features from a product. Instead the company iterates over and over again, working to lower its prices, get is manufacturing process better and offer more features and better performance

-Transparency
In this conference call Apple and Jobs were very transparent and very open about how the company sees itself and what strategies it wants to invest in.

You can hear the conference call detail here. And read the details of conference call here.

Reuters is saying as "Jobs blasts rivals as iPad sales disappoint"


Apple Inc CEO Steve Jobs went on the offensive on Monday after a rare disappointment in sales by the iPad maker sent its shares tumbling, but even his biting words failed to reverse market sentiment.





Jobs hinted Apple's $50bn cash pile could be used for a sizeable acquisition: "We strongly believe one or more very strategic opportunities may come along that we're uniquely positioned to take advantage of. We don't let it burn a hole in our pocket or motivate us to do stupid things. We do feel there are one or more strategic opportunities in the future."

So, some people are saying that Jobs wants to buy FaceBook. Apple has the cash to buy Facebook outright (Facebook is valued at around US $25-35 billion)

Today I get a chance to see below image with caption "Apple's Obsession". It seems this size increase is applicable for its revenue also.








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