Financial
Financial data and analysis
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The First Trillion Dollars is Always the Hardest
In its first 10 years, the iPhone will have sold at least 1.2 billion units, ((Includes forecast for first six months of 2017)) making it the most successful product of all time. The iPhone also enabled the iOS empire which includes the iPod touch, the iPad, the Apple Watch and Apple TV whose combined total unit sales will… Continue reading
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Post-keynote Apple event San Francisco – September 8
I will be presenting my latest analysis of Apple at the Sustain event in San Francisco on Thursday Sept 8th, the day after Apple’s keynote, along with Ben Bajarin, Carolina Milanesi who will alsob equipped with their latest market insights. There is a time to disrupt and there is a time to sustain. Sustain event is about understanding Apple’s… Continue reading
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Dialogue with Sviatoslav Rosov for CFA Institute Magazine
Why is an expert on disruptive technology “worried” about financial innovation? Excerpt from “Chaos Is Hard to Predict” Does technical innovation always end in displacement/ replacement? The professions being challenged include physicians, lawyers, consultants, and analysts. Algorithms and sensors could conceivably displace some subset. However, it’s not a certainty. One way to fend… Continue reading
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Apple Assurance
Apple is categorized as a vendor of consumer electronics. More specifically, a member of the “Electronic Equipment” industry in the “Consumer Goods” sector. If indeed this is what it’s thought to be selling, there is a problem because it isn’t what its customers are buying. Apple’s customers buy a mix of hardware, software and services under a… Continue reading
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Breaking the Law
For the first time in many years I feel that there is some potential uncertainty in the results Apple will announce. After a period of excellent accuracy (shown in graph below), the company’s guidance has begun to diverge dramatically from reality and the trend might continue this quarter. The cause might be unanticipated demand for… Continue reading
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The Critical Path #140: Apple Earnings Call
In this special “live” version of The Critical Path, Horace gets the numbers just minutes before Apples January 27th, 2015 earnings call and dissects them live. The show picks up just after the call finishes with a quick recap and discussion of yet another record quarter. via 5by5 | The Critical Path #140: Apple Earnings… Continue reading
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The S&P 499
Thomson Reuters reported that excluding Apple, the entire S&P 500 grew profits at a rate of 4.4%. Including Apple the figure is 6.4%. Using one weird trick ((Algebra)) I calculated the value of profits generated by the S&P 499 (i.e.the largest public companies excluding Apple) in Q4 2013 and Q4 2014. Apple therefore accounted for… Continue reading
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Apple’s Growth Scorecard
Apple’s Net Sales grew at the rate of 30% in the last quarter. Earnings per share grew at 47%. Both of these figures are the highest since 2012. It should be noted that although the rate of growth is extraordinarily high, the company never actually stopped growing in the past three years. As the table… Continue reading
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Retail in 2020
This year’s Thanksgiving and Black Friday data from IBM shows a continuing pattern of growth for mobile devices. As the graph below shows, in the five years since 2010 mobile devices grew from 5% of the online shopping traffic to 50%. Traditional computing (desktop and laptop) made up the difference. The graph also shows that sales value via… Continue reading
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How big is iCloud?
Apple has declared that what used to be “Other Music Related Products and Services” ((Includes revenue from sales from the iTunes Store, App Store and iBookstore in addition to sales of iPod services and Apple-branded and third-party iPod accessories.)) plus “Software, Service and Other Sales” ((Includes revenue from sales of Apple-branded and third-party Mac software, and services.)) which… Continue reading