MarketFoolery: 04.21.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 21 April 2011
⏱️ 10 minutes
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Summary
Apple sells 18.65 million iPhones for the quarter, reports a 95% increase in profits, and crushes earnings estimates. Will Apple continue its dominance? Is the stock undervalued? What's the biggest threat to Apple? What's the biggest opportunity for Apple?
Transcript
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| 0:00.0 | It's Thursday, April 21st, and this is market foolery. I'm Matt Greer sitting in for Chris Hill this week, and I'm joined by Andy Cross from Motley Full Stock Advisor and Charlie Travers from Motley Fool Hidden Gems. |
| 0:13.5 | Guys, welcome. |
| 0:14.6 | Hi, Mac. |
| 0:15.6 | Okay, guys, it's all about Apple today. |
| 0:18.3 | Big, big earnings, second quarter earnings of 5.99 billion. |
| 0:23.0 | That's up 95% from a year ago. |
| 0:26.0 | They sold 18.65 million iPhones for the quarter. |
| 0:30.0 | And they can't keep up with demand for iPad too. |
| 0:33.0 | Charlie, your thoughts on Apple. |
| 0:35.0 | Yeah, I'll give you a headline for this, Mac. |
| 0:37.0 | You know who wishes he sold 18 million phones last quarter? |
| 0:40.0 | Steve Balmer, that's who. |
| 0:42.0 | No, Apple is just knocking it out of the park. |
| 0:45.8 | I don't think anyone expected them to do 18 million phones in the quarter. |
| 0:50.5 | The iPads came in a little light, but I think that's just part of a transition over to a newer product. |
| 0:55.5 | But all in all, I think if you're an Apple shareholder, you have to be really happy with what they said yesterday. |
| 1:00.5 | And on that iPad piece, the CEO Tim Cook said that they've got quote the mother of all |
| 1:06.1 | backlogs. So that seems like a good problem to have in the sense that it's a |
| 1:10.5 | kind of a don't hate me because I'm pretty problem. |
| 1:13.0 | Yeah, there were some, I guess there were some challenges as they move from iPad one to |
| 1:17.6 | iPad two on the supply side, but still you can see the demand is just, you know, bumping up, |
| 1:22.0 | Mac, I know you have a new iPad coming |
... |
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