Apple Inc. (NASDAQ: AAPL) reported better-than-expected earnings for the October-December quarter after the market closed on Tuesday. The company earned $3.36 per diluted share or $0.15 above the consensus estimates. Revenues during the quarter hit the record-high of $78.4 billion or up 3 percent from the same quarter a year ago. Net income, on the other hand, was slightly down at $17.9 billion, compared to $18.4 billion the same quarter the previous year, while the gross margin, the profitability measurement for the technology company like Apple, was 38.5% or down from 40.1 percent in the first quarter a year earlier. International sales during the quarter hit 64 percent. Highlights of the quarter were clearly the record revenues as well as the record earnings, which led the tech giant to a growth mode once again. <Continue to read - click here>
For the 2016 stock market year ended, the blue-chip Dow advanced 13.41 percent or 2,337.57 points to 19,762.60, market benchmark S&P 500 gained 9.54 percent or 194.89 points to 2,238.83, and tech-heavy NASDAQ composite rose 7.50 percent or 375.71 points to 5,383.12. In the meantime, EconomicsUniverse model portfolio made another solid return of 7.20 percent, followed by an excellent 19.8 percent return in the 2015 market year. However, the 2016 EconomicsUniverse portfolio was underperformed the benchmark by 2.33 percent, making the portfolio’s winning streak of seven years since 2009 finally ended. Despite the first underperformance over past seven years, portfolio’s long term strategy remains solid as it outperformed, for instance, 13 percent in 2014 and 31 percent in 2013 (Please read: 2014 Portfolio Summary, 2013 Portfolio Summary). <Continue to read - click here>
Apple Inc. (NASDAQ: AAPL) reported better-than-expected earnings for the July-October quarter after the market closed on Tuesday. The company earned $1.67 per diluted share or $0.01 above the consensus estimate. Revenues during the quarter came in $46.9 billion, compared with $51.5 billion the same quarter a year earlier. Once again, the company expressed the strength of Services category, including App and Apple Pay, which grew 24 percent from the same period in the previous year. Net income plunged to $9.01 billion from $11.1 billion from the same quarter a year ago while the company’s profitability measurement, gross margin, also decreased to 38 percent from 39.9 percent in the forth quarter in 2015 when iPhone 6S went on sale. International sales during the quarter hit 62 percent while Chinese demand continued to fall 30 percent after the 33 percent slump in the previous quarter. <Continue to read - click here>
Apple (NASDAQ: AAPL) reported better-than-expected earnings for the April-June quarter after the market closed on Tuesday. The company earned $1.42 per share or $0.04 above consensus estimate. Revenues during the quarter came in lower at $42.4 billion, compared with $49.6 billion same quarter a year earlier, while the company expressed sales from Services, including App and Apple Pay, grew 19 percent. Net income plunged 27 percent to $7.8 billion from $10.7 billion in the year-ago quarter, which had indicated that the company spent massive cash balance on R&D as well as capital return program during the quarter. In the meantime, gross margin, tech company’s profitability measurement, fell to 38 percent from 39 percent from the same quarter in the previous year thanks probably to higher-than-expected demand on newly introduced cheaper iPhone SE. International sales during the third quarter hit 63 percent while Chinese demand fell 33 percent. Overall, the third quarter when pent-up demand for new iPhone is generating strongly is well done for the company and investors are pleased with the result, sending shares up 6.5 percent next-day trading session. <Continue to read - click here>
Apple (NASDAQ: AAPL) reported its second quarter earnings for the fiscal 2016 after the market closed on Tuesday and missed consensus estimates on most numbers. During the January-March quarter, the most valuable company earned $1.90 per diluted share or $0.10 below the estimates due to “the face of strong macroeconomic headwinds,” CEO Tim Cook described. Net income during the quarter plunged 22.7 percent from the same quarter a year earlier to $10.5 billion while revenues also declined to $50.6 billion from $58 billion. iPhone sales, which accounted for 65 percent during the quarter, was hit hard while its shipments were sharply down to 51 million units, nearly 20 percent lower from the year earlier. Plus, Mac’s as well as iPad’s sales and shipments also followed the same course. Despite those negative numbers, there were some bright spots seen from the growth of the Services and the Other Products categories, which included Apple Watch. In the meantime, gross margin, technology companies’ profitability measurement, was down 150 basis points lower to 39.4 percent from the same quarter a previous year. <Continue to read - click here>
Apple (NASDAQ: AAPL) reported better-than-expected first-quarter earnings after the market closed on Tuesday, despite a difficult economic environment across the globe. For the October-December quarter, the company earned $3.28 per diluted share or $0.05 above the consensus estimates. Net income during the quarter slightly grew 2 percent from the same quarter a year ago to $18.4 billion while quarterly revenue also climbed 1.7 percent to $75.9 billion. In the meantime, units sold and revenue from iPhone continued to post the record-high in the first quarter history at 74.8 million and $51.6 billion, respectively. However, the growth rates of those numbers from the same quarter a year earlier were only 0.4 percent and 0.9 percent, respectively. On the other hand, sales of the other products category, including Apple Watch, surged 62 percent from the same quarter a year earlier when there was no Apple Watch on the shelves. Sales in China during the quarter, closely monitored by many analysts, were up 14 percent while its sales accounted for 24 percent of Apple’s total revenue. Technology companies’ profitability measurement, gross margin, was handsome 40.1 percent during the quarter. Overall, Apple’s first quarter results are mixed after the company had continuously posted storing earnings over past years. <Continue to read - click here>
The Economics Universe made an excellent 19.8 percent return in its well-diversified portfolio during the 2015 stock market year, followed by 13.15 percent return in 2014 and 31.27 percent return in 2013. That 20 percent return is very well done, especially when our benchmark, the S&P 500, performed nearly a flat return. For the 2015 stock year ended, the S&P 500 fell three-quarters of a percentage point or 16 points to 2,042.94 and the Dow Jones Industrial Average declined 398 points or 2.28 percent to 17,425.03 while, on the other hand, the tech dominated NASDAQ nicely advanced 271.36 points or 5.73 percent to 5,007.41. With that in mind, the Economics Universe portfolio once again outperformed the market, by 20 percent in 2015, which made the seven consecutive years of outperformance over the S&P 500 since 2009 followed by an inline performance during the global financial crisis year of 2008 when the benchmark fell 38 percent. Let’s break down how individual stocks in the portfolio performed throughout the year to beat the market. <Continue to read - click here>
Apple (NASDAQ: AAPL) reported a better-than-expected forth-quarter earnings after the market closed on Tuesday, leading its fiscal 2015 earnings to the record history of $9.28 per share or $9.22 per diluted share. For the forth quarter ended on September 26, a day after the new iPhone 6S and 6S Plus released, the company earned $1.96 per diluted share or $0.10 above the consensus estimates. Net income during the July-September quarter surged 30 percent from the same quarter earlier to $11.1 billion while quarterly revenue also climbed 22 percent to $51.5 billion. In the meantime, units sold and revenue from iPhone were also posted the record-high in the forth quarter history at 48 million and $32.2 billion, respectively. Sales of the other products category, including Apple Watch, surged 61 percent from the same quarter a year earlier. Again, sales in China during the quarter, closely monitored by many analysts, were up 99 percent while its sales accounted for 24 percent of total Apple’s revenue. Technology companies’ profitability measurement, gross margin, was 39.9 percent during the quarter. Overall, Apple’s forth quarter is, again, very solid and the shares should gain momentum into the first quarter. <Continue to read - click here>
Q3 2015 Apple Earnings:
Popular Articles on Investment
Learn Today's China
Starbucks in Changsha, China: Growing Upper Middle-Income Consumers
Chinese ADRs: Is It Good to Buy Alibaba Shares?
The Evidence of the Middle-Income Trap
Diversification is probably the first step that you want to start off constructing your portfolio. You hear such sentence, “diversification is free lunch” when watching CNBC. Yes, you don't have to pay anything for that diversification (but maybe there are some additional commission fees because you have to make multiple transactions to compose that diversified portfolio).
If you own one single stock, such as Amazon.com (NASDAQ: AMZN), from the start of this year, your only Amazon imbedded portfolio with initial $10,000 value (Assume 25 AMZN shares x the stock price of $397.97 on Jan. 1, 2014) now becomes $8,100 or down nearly 20 percent ($324.20 per AMZN share as of Jun. 21, 2014). That is already a lot of loss in the portfolio. You need 24 percent again to get back to breakeven or an additional 5 percentage gain to restart your portfolio. <Continue to read - click here>
I have been a shareholder of Apple Computer (NASDAQ: AAPL) for many years while I started to collect dividends from Apple since August 2012. Apple is a typical tech company, which offers a decent growth from its business operation, and it is a favorite stock to watch and own among many fund managers across the globe. Fast growing tech companies rarely offer dividends to investors as they tend to focus on reinvesting the earnings into their research and developments. An iPhone marker, Apple, was used to be the company, which did not payout any dividends to investors.
In August 2012, Apple started to payout the dividends to investors for the first time (not actually the first time though) while investors claimed for the company’s huge cash position on its balance sheet. At that time when I heard the news, I could not believe that such a fast growing tech company paid out the dividends. On the other hand, I was excited to collect the dividends while I no longer needed to depend on Apple’s volatile stock price anymore. In fact, I have been very excited to receive the dividends from Apple every quarter, especially after shares of Apple was under pressure after the shares hit all time high at $700. <Continue to read - click here>
PE Multiple Analysis - How to Determine the Future Price of a Stock?