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Latest Comments90 Comments
Apple: Calculating Q4 Gross Margin for the iPhone
Good catch- that's a typo in the equation I gave- should be .29 not .21 (.29 + .71 = 1)
The tables have the actual match underneath them- I just took screen shots, but I was careless, I guess, typing out my explanation.
I'll email my editor to see if I can't get that corrected.
Thanks for pointing that out.
-Turley
On Nov 28 05:10 PM Grouch wrote:
> Great job.
> In your first of three equations the article gives a .21 factor where
> the table it is derived shows it should be .29. Which did you use
> in your calculation? Typo or calculation error?
Will the iPhone Be Taken by Storm?
On Nov 26 07:11 PM TimboM wrote:
> Good One lcpcp - you'll need that removable battery for when your
> BlackBerry running multiple applications freezes and that's the only
> way to restart it. ..........
Timbo- LOL- exactly! I remember having to do that.
A lot! It's similar to when I have to rip the power cord out of the wall to reboot my PC after it freezes up so hard that hitting cmd-alt-del or holding the power button in does nothing.
Why Is the YouTube User Experience So Poor?
Is Apple More Undervalued Than Other Tech Sector Stocks?
Andy's statement about the deferred revenue being recognized in 09 is correct. Zaky says CURRENT deferred revenue. "Current" means less than a year.
The iPhone revenue is recognized over 24 months, yet the portion that will be recognized within the next year is recorded in "Current" and the other portion is recorded in non-current .
On Nov 04 03:44 PM anon99 wrote:
> A couple of points:
>
> First off the deffered revenue is recognized over 24 months, not
> 12 months. So it will be recognized between now till Oct 2010(not
> till 2009 as Andy has posted). Also it isn;t a straightforward calculation
> wherein you can take the 3bil and assign it to 2009 and 2010.
Is Paul Krugman Serious? Sadly, Yes.
I complete confidence that Congress would agree and not fight over which district the government should waste our money in. That's because those are the most selfless, in-touch with reality people alive. We're so lucky to have them as our leaders!
General Discussion on AAPL
RIM Faces a Critical Month As Apple Gets Tough
On Nov 01 08:34 AM TimboM wrote:
> One more thing....Apple will sell 13-14 milion iPhones in the 2008
> calendar year, 18 months after introduction of its first. They receive
> about $400 revenue for each. That means that they have built a $5-6
> billion smartphone business from the ground in less than 2 years.
>
>
> RIMM has been in the smartphone business for 5+ years and has sold
> more than 100 million phones Their fiscal year-ending 1-Mar-08 revenue?
> $6 billion.
>
> (For the purposes of revenue comparison I'm treating the Apple revenue
> in a a non-GAAP fashion to compare equally with RIMM).
>
> Free cash flow for RIMM $1.2 billion for year ending 1-Mar-2008.
>
>
> Free cash flow for smartphone portion of Apple? If you take the $3.8
> billion in Apple cashflow for Q4'08, you may derive an operating
> cashflow associated with the iPhone of $2.5 billion. If you assume
> conservatively that CapEx for smartphone division was $500 million,
> then the free cash flow is $2 billion, after 18 months of this division's
> existence.
>
> Furthermore, RIMM is getting nowhere near $400 for each phone (subsidized
> or unsubsidized) from carriers, and their past model of selling unsubsidized
> phones will most definitely not stand up to fierce and growing smartphone
> competition.
>
> Just think about where Apple will be in 2 years if these growth rates
> continue. They can still add features to a new model phone - a keyboard
> for those who want it, etc. Because their market penetration is so
> low already, look at the remaining potential.
>
> If I were an executive at RIMM these numbers would keep me awake
> at night, especially with a stock price chopped by 65%, which is
> just enough to make Microsoft come sniffing around.
>
> Is there room for both Apple and RIMM? Of course. Will RIMM look
> pretty in 2 years? I don't think so. Think Palm, SonyEricsson, Motorola,
> Borland, Sun Microsystems, etc.. I know that RIMM looks really great
> over the past few years, and that during that time it was the market
> maker. But if you squint you can see the future, and it ain't pretty.
Everything You Need to Know About the Fed's Rate Cuts
Apple's FY09 Gross Margin Expectations Are Too Low
Apple's FY09 Gross Margin Expectations Are Too Low
1) Apple hedges forex
2) Where hedges come up short it changes pricing
3) Some currencies have strengthened against the dollar - CAD, JPY, as some have weakened - EUR.
On net, probably not a terribly huge factor.
Apple Earnings Wrapup
Jobs Has Sold His 10 Million iPhones
apple20.blogs.fortune..../
But as I had predicted, Apple surpassed 10M not long after
financial-alchemist.bl...
Apple's 'Real' Earnings: Up Almost 125%
Apple's Surprising Jump After Bleak Guidance
Chesapeake Bites McLendon
No, CHK sold a bunch of haynesville acreage at inflated prices. CHK sold 20% of its leaseholds there what it cost them to purchase the 80%. Essentially, the sale paid for what they bought. 5-6x more that what they paid.
CHK is fine. They will have to slow down on growth until gas prices rise a bit, and acquiring credit is no a concern. But, they don't need credit to operate. Most of the costs associated with producing wells have been paid for, the gas flowing from wellhead to utilities is very high margin and generates tons of cash.