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Post by artman1033 on Apr 23, 2014 12:37:17 GMT -8
SEC filings here! www.sec.gov/Archives/edgar/data/320193/000119312514154871/d715148dex991.htmApple Reports Second Quarter Results Strong iPhone Sales Drive Record March Quarter Revenue and 15 Percent EPS Growth CUPERTINO, California—April 23, 2014—Apple® today announced financial results for its fiscal 2014 second quarter ended March 29, 2014. The Company posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter. Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue. “We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.” “We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter,” said Peter Oppenheimer, Apple’s CFO. “That brings cumulative payments under our capital return program to $66 billion.” Apple is providing the following guidance for its fiscal 2014 third quarter: • revenue between $36 billion and $38 billion • gross margin between 37 percent and 38 percent • operating expenses between $4.4 billion and $4.5 billion • other income/(expense) of $200 million • tax rate of 26.1 percent
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coma
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Post by coma on Apr 23, 2014 12:37:21 GMT -8
7 for 1 stock split effective June 9
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Post by incorrigible on Apr 23, 2014 12:37:54 GMT -8
Icon got his wish
"Apple ups capital return plan to more than $130B"
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Deleted
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Post by Deleted on Apr 23, 2014 12:38:11 GMT -8
Apple's Q2 iPhone rev falls to $26.06B vs $32.5B WTF? 26B is HUGE.
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Post by Red Shirted Ensign on Apr 23, 2014 12:38:16 GMT -8
Guidance matters less with March results, now. Just wow. I'm impressed. I bought half of my dry powder earlier at 527.55 and was nervous about it. My blind date finally showed up ....and she is beautiful!!!!!!
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Post by dreamRaj on Apr 23, 2014 12:40:22 GMT -8
Man, the ONE time that I haven't put in money before earnings in the past two years and such lovely surprises!! But I'm not complaining
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mark
fire starter
Posts: 1,574
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Post by mark on Apr 23, 2014 12:41:09 GMT -8
Better late than never. iPhone 6 will still be huge. iPhone 6 better be huge. TWSS
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Post by artman1033 on Apr 23, 2014 12:41:26 GMT -8
Exhibit 99.1 Apple Expands Capital Return Program to Over $130 Billion Board of Directors also Approves Seven-for-One Stock Split CUPERTINO, California—April 23, 2014—Apple® today announced that its Board of Directors has authorized another significant increase to the Company’s program to return capital to shareholders. The Company expects to utilize a total of over $130 billion of cash under the expanded program by the end of calendar 2015. As part of the program, the Board has increased its share repurchase authorization to $90 billion from the $60 billion level announced last year. The Company expects to continue to utilize about $1 billion annually to net-share-settle vesting restricted stock units. Additionally, the Board has approved an increase to the Company’s quarterly dividend of approximately 8 percent and has declared a dividend of $3.29 per common share, payable on May 15, 2014 to shareholders of record as of the close of business on May 12, 2014. The Company also plans to increase its dividend on an annual basis. With annual payments of $11 billion, Apple is among the largest dividend payers in the world. From August 2012 through March 2014, Apple has spent $66 billion in cash on its capital return program. To assist in funding the program, the Company expects to access the public debt markets during 2014, both domestically and internationally, for an amount of term debt similar to what the Company raised during 2013. The management team and the Board of Directors will continue to review each element of the capital return program regularly. “We are announcing a significant increase to our capital return program,” said Tim Cook, Apple’s CEO. “We’re confident in Apple’s future and see tremendous value in Apple’s stock, so we’re continuing to allocate the majority of our program to share repurchases. We’re also happy to be increasing our dividend for the second time in less than two years.” The Board of Directors has also announced a seven-for-one stock split. Each Apple shareholder of record at the close of business on June 2, 2014 will receive six additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on June 9, 2014. www.sec.gov/Archives/edgar/data/320193/000119312514154883/d715379dex991.htm
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Post by podboy on Apr 23, 2014 12:41:30 GMT -8
What happens to my LEAPS after a split. I'm a novice, I apologize. GRATS to the LONGS!!! A collective sigh of relief, I've been lurking for the last several months, but been depressed about the stock action. Maybe today is a turning point.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Apr 23, 2014 12:41:42 GMT -8
SEC filings here! www.sec.gov/Archives/edgar/data/320193/000119312514154871/d715148dex991.htmApple Reports Second Quarter Results Strong iPhone Sales Drive Record March Quarter Revenue and 15 Percent EPS Growth CUPERTINO, California—April 23, 2014—Apple® today announced financial results for its fiscal 2014 second quarter ended March 29, 2014. The Company posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter. Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue. “We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.” “We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter,” said Peter Oppenheimer, Apple’s CFO. “That brings cumulative payments under our capital return program to $66 billion.” Apple is providing the following guidance for its fiscal 2014 third quarter: • revenue between $36 billion and $38 billion• gross margin between 37 percent and 38 percent • operating expenses between $4.4 billion and $4.5 billion • other income/(expense) of $200 million • tax rate of 26.1 percent Nice guidance - July 2013 EPS $7.47 rev $35.3
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Post by nagrani on Apr 23, 2014 12:42:23 GMT -8
I love you bubba
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Post by zzmac on Apr 23, 2014 12:42:23 GMT -8
On the day of past earnings calls I sometimes felt like I had a blind date coming up with a beautiful woman...couldn't wait to meet her. No matter what happened on the date it was going to be a pleasure. Today I feel like I have a date with Mercel....no surprises, no excitement and I'll end up picking up the check. Come on, Apple (Mercel) Surprise me. I was thinking of a very similar analogy last night. Except, waiting for Apple earnings now makes me feel like the anticipation of having sex for the first time... In prison. Congrats! The governor just called and you got a pardon!
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Post by appledoc on Apr 23, 2014 12:42:40 GMT -8
Expecting 600 in the short term. New ATH before the end of the year. Charts once I get off nights.
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Post by carbonate24 on Apr 23, 2014 12:42:59 GMT -8
Wow. Anyone watching CNBC? Michele Caruso Cabrera won't let go of the IPAD 'miss'. Apple beats everywhere else, and she keeps peppering Gene Munster about the significance of the IPAD 'miss'. Her negative bias toward apple couldn't be anymore obvious.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Apr 23, 2014 12:43:04 GMT -8
What happens to my LEAPS after a split. I'm a novice, I apologize. GRATS to the LONGS!!! A collective sigh of relief, I've been lurking for the last several months, but been depressed about the stock action. Maybe today is a turning point. They effectively split too
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Post by rob_london on Apr 23, 2014 12:42:58 GMT -8
Just like the good old days!
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Post by podboy on Apr 23, 2014 12:43:01 GMT -8
LOL 600 bid!!!!!!
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Post by dreamRaj on Apr 23, 2014 12:43:49 GMT -8
we'll open at 560. Higher?
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Post by mrentropy on Apr 23, 2014 12:43:53 GMT -8
Whole. Lee. Sh!t.
Don't know what else I can add to that.
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Deleted
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Post by Deleted on Apr 23, 2014 12:43:53 GMT -8
Wow. Anyone watching CNBC? Michele Caruso Cabrera won't let go of the IPAD 'miss'. Apple beats everywhere else, and she keeps peppering Gene Munster about the significance of the IPAD 'miss'. Her negative bias toward apple couldn't be anymore obvious. She is a NITWIT!
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Post by moltenfire on Apr 23, 2014 12:45:40 GMT -8
Let's hope Tim doesn't say something to tank the stock Woohoo, my LEAPS are alive!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Apr 23, 2014 12:45:59 GMT -8
Wow. Anyone watching CNBC? Michele Caruso Cabrera won't let go of the IPAD 'miss'. Apple beats everywhere else, and she keeps peppering Gene Munster about the significance of the IPAD 'miss'. Her negative bias toward apple couldn't be anymore obvious. And they have that glib fucktard Columbia prof who says "Apple has lost its mojo" on? Now watching Bloomberg, waiting for divvy boost. Up 7%. Dow 30 here we come?
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Post by Red Shirted Ensign on Apr 23, 2014 12:46:25 GMT -8
Wow. Anyone watching CNBC? Michele Caruso Cabrera won't let go of the IPAD 'miss'. Apple beats everywhere else, and she keeps peppering Gene Munster about the significance of the IPAD 'miss'. Her negative bias toward apple couldn't be anymore obvious. She is a NITWIT! There was NO miss on Ipads! This report is PACKED with good news....including IPADS.
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Post by dreamRaj on Apr 23, 2014 12:46:20 GMT -8
opens at 566
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Post by theirishguy on Apr 23, 2014 12:46:47 GMT -8
Wow. Anyone watching CNBC? Michele Caruso Cabrera won't let go of the IPAD 'miss'. Apple beats everywhere else, and she keeps peppering Gene Munster about the significance of the IPAD 'miss'. Her negative bias toward apple couldn't be anymore obvious. She is a NITWIT! +1
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Post by terps530 on Apr 23, 2014 12:46:57 GMT -8
Man, the ONE time that I haven't put in money before earnings in the past two years and such lovely surprises!! But I'm not complaining THIS exactly. except worse. i've been burned so many times for the past 2-3 years, so I finally got fully out before earnings. figures. FIGURES! gaejkothaejohr#OI%JH#O%u- lol
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Apr 23, 2014 12:47:09 GMT -8
Anyone else have goosebumps?
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Post by Red Shirted Ensign on Apr 23, 2014 12:48:16 GMT -8
Anyone else have goosebumps? Still contemplating that blind date in prison?
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mark
fire starter
Posts: 1,574
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Post by mark on Apr 23, 2014 12:48:39 GMT -8
That would be very interesting. We've discussed it before and I've wondered why they didn't add it in the gogo growth days a few years ago.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Apr 23, 2014 12:52:38 GMT -8
Anyone else have goosebumps? Still contemplating that blind date in prison? No, fortunately, I can now afford to bribe the guards and not have to prepare their tax returns.
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