So, profits are up nearly 25% on sales of 26.9M iPhones, 14M iPads, and 4.9M Macs, but Wall Street is disappointed?
Get this: Apple reported Q4/12 profits, PROFITS!, of 8.2 BILLION dollars, and Wall Street is disappointed.
And get this: 36 BILLION revenue in the quarter, 40% gross margin, another cash dividend of 2.65 dollars per share, 41 BILLION net income for FY12, but Wall Street is disappointed…
Now, I don’t hold any shares of Apple, which have been 700+ just a few weeks ago – now they’re at around 600. This begs the question: What the hell is wrong with Wall Street??
I recently read somewhere that if Apple were treated equally to Amazon by Wall Street it would be a 2 – 3 TRILLION dollar company!
See the thing I don’t get: Amazon, or Google for that matter, make a billion a quarter, and in Amazon’s case even lose around 65 million, but their stock is going up. Google’s market cap is (right now) at 222 billion, Apple’s is at 571 billion, so about twice as much, yet Apple makes 8 times more in PROFIT each quarter.
I think Wall Street is stupid, analysts are overpaid monkeys, and people should wake up and smell the coffee.