Interestingly iPads sales were down 9% while Mac sales are up 13% year over year.
$12 billion got Google a failing business with declining revenues and growing losses.
Apple is cannibalizing their Mac sales with iPads. Does it really matter? At the the end of the day, they are still getting your money. I would argue that they are getting more of it too because many upgrade their iPad a lot more frequent than their Macs.
Did they really think they can move that many Z10s? How can their forecasting be this bad?
Nothing wrong living paycheck to paycheck, right?
There’s still growth year over year, but the rate of growth is slowing.
Like Apple, Samsung is a victim of its own success. Analyst and Investors set outrageous expectations and are never satisfied.
Having the best designed Android phone that is well received from many reviewers is still not good enough.
Their mobile business is now bringing in more than all of Google’s businesses combined. Should Google be concerned, I think so.
On the list where companies are ranked by revenue Apple is 6th, but second in terms of profit.
So much for breaking even.
Apple and Samsung ran away with all the mobile handset profits last quarter, everyone one else either broke even or lost lost money.
Going private will give them more breathing room to make moves without the scrutiny of Wall Street. Maybe they will finally join the post-PC world.
Mark Gimein writting for Bloomberg’s Market Now:
Apple’s profit for the last quarter alone is well over twice Amazon’s profit over its entire existence.
The Amazon hype reminds me of Facebook pre-IPO, valued incredibly high for it’s potential but lacking very little evidence of success in their bottom line.