Apple Q3 2012 Earnings - 17 million iPads and 26 million iPhones sold in the quarter. Net income: $8.82bn

NiKKoM

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NiKKoM on 25 July 2012

ha, do you remember 2010, when the iPad was announced and the reaction on this forum? that it was stupid..ifail.. tablets had no future.. calling people stupid sheep when the first numbers came in.. etc to all of them:

Face the future.. Gamecenter ID: nikkom_nl (oh no he didn't!!)

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NintendoPie on 25 July 2012

NiKKoM said:

ha, do you remember 2010, when the iPad was announced and the reaction on this forum? that it was stupid..ifail.. tablets had no future.. calling people stupid sheep when the first numbers came in.. etc to all of them:

And we will forever be called stupid iSheep. >_>

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famousringo on 25 July 2012

kowenicki said:

Exactly. And they outperformed their own estimates. Its just the analysts get a little carried away sometimes.

No, this is a letdown. Apple's estimates are usually comically understated. Edging them out instead of smashing them is a decrease in performance.

And Apple is finally starting to suffer the price compression that has been killing competitors left and right. That means revenues and profits aren't going to keep up with unit growth. The rumoured upcoming iPad Mini is going to make that worse. Of course, Apple's margins are plenty thick enough to absorb it, but I don't think we'll see many more quarters with profit growing over 50% YoY.

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