APPLE 2011 Q1 Results and look forward

Apple Reports First Quarter Results

Record Mac, iPhone, iPad Sales Drive Highest Revenue and Earnings Ever
Revenue Grows 71 Percent; Earnings Grow 78 Percent

CUPERTINO, California—January 18, 2011—Apple® today announced financial results for its fiscal 2011 first quarter ended December 25, 2010. The Company posted record revenue of $26.74 billion and record net quarterly profit of $6 billion, or $6.43 per diluted share. These results compare to revenue of $15.68 billion and net quarterly profit of $3.38 billion, or $3.67 per diluted share, in the year-ago quarter. Gross margin was 38.5 percent compared to 40.9 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.

Apple sold 4.13 million Macs during the quarter, a 23 percent unit increase over the year-ago quarter. The Company sold 16.24 million iPhones in the quarter, representing 86 percent unit growth over the year-ago quarter. Apple sold 19.45 million iPods during the quarter, representing a seven percent unit decline from the year-ago quarter. The Company also sold 7.33 million iPads during the quarter.

“We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,” said Steve Jobs, Apple’s CEO. “We are firing on all cylinders and we’ve got some exciting things in the pipeline for this year including iPhone 4 on Verizon which customers can’t wait to get their hands on.”

“We couldn’t be happier with the performance of our business, generating $9.8 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2011, we expect revenue of about $22 billion and we expect diluted earnings per share of about $4.90.” .............

AAPL業績好過市場上最任何樂觀的估計, iPad在Q1 賣了七百萬件, iPhone左Q1也賣了一千六百萬件. 所以早前台灣傳出APPLE對Q2訂了可做二千一百萬台iPhone的零件也假不了太多.

 

毛利回升, 美國國外銷售强勁上升, 中港台銷售比上年升四倍, 現佔APPL總銷售10%. iPad, iPhone仍然供不應求, 以PE得20來說跟本不貴, 2011 Q2,3也不用愁. 絕招iphone5 and ipad2 可於年中及年尾宣佈, 令APPLE生命延續到2012. 至於之後如何...就天知了.

 

但蘋果股價可能會受Jobs"請假"困擾, 直致Tim Cook prove himself in Q2.  手上的AAPL(及昨天開市買入的)都會hold多排,  仍然保持2012 Q1左右@ USD$450的看法. 反而我其他AAPL Suppliers 的股票可能會部份獲利, 因為好多在過去三個月內已經有40-50%升幅, 因有其他業務, 有些suppliers本身質素也一般.