After Apple’s “Antennagate” press event on Friday left the tech press J-School flunkies murmuring about having no carcass left on the horse to kick, there was still an air of apprehension going into Tuesday’s earnings conference call. Would the 3 day window between the release of the iPhone 4 and the end of the quarter significantly cut into sales? Would iPod sales continue to flag? Would the desktop Mac models continue to pull their weight, or would the spike from the refresh have run its course?
The answers: hell no, meh and hell yes, respectively.
Oh – and Apple destroyed the most bullish of estimates for what seems like the 20th quarter in a row. Seriously, Street: when are you guys going to get a fucking clue?
Highlights:
Revenue: $15.7 billion (vs. $14.75 billion predicted)
Earnings: $3.25 billion or $3.51/share (vs. $3.11/share predicted)
iPads: 3.27 million units sold (tough for analysts to blow that one since Apple has been announcing sales)
Macs: 3.47 million units sold (vs. 3.2 million predicted)
Lowlights (courtesy of WSJ Marketwatch):
Francisco Jeronimo, a mobile analyst with IDC, said Tuesday that the antenna issue may still impact results for the fourth fiscal quarter. His firm’s research indicates that 66% of current iPhone owners were delaying their upgrades until a solution was announced.
My research indicates that IDC is a shill rag and 66% of Francisco Jeronimo’s family thinks he’s a jackhole. I don’t know the compensation basis for IDC analysts, but being right is not among them.
Just goes to show despite the efforts of frothing media putzes and characteristically clueless analysts, Apple just keeps printing money.
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