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| Source: Link above |
Current Stock Price (February 3, 2012): $459.68
Stock Price at Most Recent Meeting (January 10, 2012): $423.24
Highlights:
-37 Million iPhones sold last quarter, two times for same period in prior year; 15.4 million each iPads and iPods and 5.4 million Macs (highest ever in a quarter).
-$46.3 billion in sales, versus Wall Street forecast of $38.9 billion
-Profit of $13 billion, double compared to the previous year
-$97.6 billion in cash
-Estimate $32.5 billion in sales this quarter
-Plans to increase supply of iPhones to meet demands
Recommendations/Thoughts:
We should have bought more stock already! Ha ha
Should we buy?
(See this article) With that much cash on hand, they can make significant investments into their ideas to grow and into acquisitions that would help with managing their costs. They could also issue dividends or start buying back their stock, which could further increase the stock price.
The article mentions how they are also debt free, and the fact that if they wanted to issue their own debt it would most likely receive a AAA rating.
They also have a lot of new versions products and revenue streams. With the launch of their new textbook creation app (which the original article stated that over 600,000 people have downloaded) and their education push (They have a whole section on their webpage devoted to Apple and education) they are are finding new reasons for more people to buy an iPad.
The new iPad is rumored to be released this March and the new iPhone in June, but we never know the dates for sure.
I think there is a strong argument to buy more Apple. I don't see anything that would limit their growth going forward, pending extraneous circumstances.
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