The head of hardware engineering sold 99% of his beneficially owned shares on Monday
Steve Jobs may be content to let his 5,546,451 shares of Apple (AAPL) rise and fall with the vagaries of the stock market, but some of his executive staff are a bit more attentive to their holdings.
One of the more pro-active traders is Bob Mansfield, Apple's senior vice president in charge of Mac and iPhone hardware engineering. MOREPhilip Elmer-DeWitt - Apr 27, 2011 1:59 PM ET
The company finished fiscal Q2 with $65.8 billion in cash and marketable securities
Asymco's Horace Dediu, who is a master at these things, has charted Apple's (AAPL) growing cash hoard and offered some comparisons to put it in perspective. I quote:
The funds are big enough to place Apple's CFO office in the top 100 largest fund managers in the world and larger than any hedge fund manager.
Cash growth in one quarter MORE
Most professional analysts blew it in Q2, but you wouldn't know it from their post-mortems
Horace Dediu, who writes a blog called Asymco and was featured in this space last fall for the uncanny accuracy of his Apple (AAPL) earnings estimates, was beating himself up Thursday morning for missing the company's Q2 2011 iPad unit sales number so badly. Even though his iPhone estimate was the best of the 48 analysts MOREPhilip Elmer-DeWitt - Apr 21, 2011 12:15 PM ET
Sales were up 83% and earnings up 92% on 18.65 million iPhones and 3.76 million Macs
As expected, Apple (AAPL) reported record second quarter earnings Wednesday, blowing past its own guidance and Wall Street's expectations in everything but iPad sales.
"With quarterly revenue growth of 83 percent and profit growth of 95 percent, we're firing on all cylinders," said Steve Jobs in a prepared statement that said nothing about those iPad numbers. MOREPhilip Elmer-DeWitt - Apr 20, 2011 5:01 PM ET
Despite strong sales, iPad supplies and Japan's quake make Q2's report a hard one to call
Nobody, not even CFO Peter Oppenheimer, thinks that Apple (AAPL) earned as little as $4.90 per share on revenues of $22 billion last quarter -- the numbers he offered in January when he issued his guidance for the company's second fiscal quarter of 2011.
As usual in the Steve Jobs/Tim Cook era, the game at the MOREPhilip Elmer-DeWitt - Apr 20, 2011 8:31 AM ET
The pullback in advance of the company's Q2 earnings report has gone far enough
"If you can keep a good stock down, then you are able to load up for the ride back up. It's like a slingshot -- the harder you pull, the more propulsion you generate."
That's how Jason Schwarz, an author and investment adviser, described the game that hedge funds play with Apple (AAPL) in an article entitled "Apple: MOREPhilip Elmer-DeWitt - Apr 16, 2011 2:20 PM ET
In this category, the pros are more bullish than the amateurs
iPod unit sales, despite seasonal spikes, have been drifting down since Christmas 2008, when they peaked at 22.7 million for the quarter (Apple's fiscal Q1 2009).
That quarter also represented the low point in iPod average selling price (ASP) per unit, $148. That's because Apple's (AAPL) business model was shifting from selling dedicated music players to selling more expensive hand-held computers, MOREPhilip Elmer-DeWitt - Apr 10, 2011 12:45 PM ET
Estimates from the analysts we polled range from 3.34 million to 3.87 million
Apple's (AAPL) computer line celebrated a unusually merry Christmas in its first fiscal quarter of 2011, selling more than 4 million Macs for the first time it its history.
In what was a difficult quarter for the rest of the PC industry, Mac unit sales were up 23% year over year.
None of the 43 analysts we polled -- MOREPhilip Elmer-DeWitt - Apr 9, 2011 11:56 AM ET
Perhaps the question analysts should be asking is how fast could it build them?
When estimating unit sales in a highly competitive market -- like computers or cell phones -- the traditional method is to sample some part of the sales channel and use that as a proxy for the broader market.
In a post entitled "Predicting iPhone sales for dummies," Asymco's Horace Dediu makes a strong case that in markets where MOREPhilip Elmer-DeWitt - Mar 28, 2011 1:58 PM ET
Looking for fiscal Q2 2011 earnings between $5.89 and $6.32 a share
Asymco's Horace Dediu, whose track record on Apple (AAPL) over the past three quarters is second to none, and Daniel ("Deagol") Tello, one of the industry's most closely watched blogger-analysts, have posted their Apple estimates for the topsy-turvy quarter than ends this Saturday, March 26.
Dediu, who likes to make his predictions early, announced on Jan. 22 that he's looking MOREPhilip Elmer-DeWitt - Mar 21, 2011 2:37 PM ET
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