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Apple's 2012 Q4 earnings report

As we await Apple's earnings announcement, Bloomberg is reporting that Apple is close to announcing a online radio service:

Apple Inc. (AAPL) and major music labels have intensified negotiations to start an advertising-supported Internet radio service by early next year, according to people with knowledge of the talks.

Pandora's stock was briefly halted when the news caused the stock to plummet up to 17% at one point.

by anthony.derosa edited by Matthew Keys 10/25/2012 7:56:56 PM
by anthony.derosa 10/25/2012 7:58:00 PM
Apple is currently down 1.52% as we await their earnings

by anthony.derosa 10/25/2012 7:59:07 PM
New iPhone. New iPods. New iPads. New Macbooks and new iMac. It's been a busy quarter for Apple!

by Matthew Keys 10/25/2012 8:13:02 PM
Pandora tells Dow Jones: "We don't comment on 'rumored competitive news'"

by anthony.derosa 10/25/2012 8:16:27 PM
Option volume on Apple Inc ahead of the company's earnings release after the market close is surprisingly light, with 706,000 contracts traded so far. Its shares fell 1.27 percent to $608.97, well below its year high of $705.07 set on Sept 21. One day weeklys make up 40 percent of the total volume, yet only account for 7.5 percent of the total open interest for Apple, said Trade Alert president Henry Schwartz.

The weekly at-the-money straddle expiring on Friday is priced near $32, or 5.2 percent of the spot price which traded at $611.42. The average move over the past four earnings reports was 6.3 percent, so current pricing seems to suggest a move closer to the 4 percent gap seen in July than the 8.9 percent move seen last April, Schwartz said.

The largest open positions in the one-day weeklys are the $650 strike calls and $560 strike puts, with nearly 11,000 contracts open at each strike. On Thursday, the weekly calls are outpacing puts by about 140,000 to 130,000 and the top three most active weeklys in Apple are calls, with the $650, $615 and $630 strikes with more than 10,000 of each on the tape, followed by downside $560 and $600 puts, Schwartz said.

[Report by Doris Frankel]

by anthony.derosa edited by Matthew Keys 10/25/2012 8:23:49 PM
Apple: 14 million iPads sold during the quarter, a 26 percent unit increase over the year-ago quarter. $AAPL

by Reuters_Biz via twitter 10/25/2012 8:31:02 PM
Apple: Sold 5.3 million iPods, a 19 percent unit decline from the year-ago quarter. $AAPL

by Reuters_Biz via twitter 10/25/2012 8:31:24 PM
Apple: Sold 4.9 million iMacs during the quarter, a 1 percent unit increase over the year-ago quarter. $AAPL

by Reuters_Biz via twitter 10/25/2012 8:31:46 PM
Apple: International sales accounted for 60 percent of the quarter's revenue. $AAPL

by Reuters_Biz via twitter 10/25/2012 8:32:12 PM
U.S. stock index futures fall following Apple Q4 results. $AAPL

by Reuters_Biz via twitter edited by Matthew Keys 10/25/2012 8:37:22 PM
Apple's stock is up 0.6% in after hours trading following the earnings report

by anthony.derosa 10/25/2012 8:44:11 PM
Apple revenue meets forecasts, shares rise

Apple Inc reported quarterly revenue that met Wall Street expectations even as iPad sales were disappointing.

The stock rose slightly after the results in after-market trading.

Apple said its fiscal fourth quarter revenue rose to $35.96 billion, roughly matching the average analyst estimate of 35.8 billion, according to Thomson Reuters I/B/E/S.

[Reporting by Poornima Gupta]

by Matthew Keys 10/25/2012 8:45:06 PM
Apple Inc shares off 4 percent as trading resumes following results. $AAPL bit.ly

by Reuters_Biz via twitter 10/25/2012 8:50:45 PM
Apple Inc shares pare losses, down 1.5 percent after results $AAPL

by Reuters_Biz via twitter 10/25/2012 8:53:25 PM
Apple has lovely conference call hold music.

by Matthew Keys 10/25/2012 8:59:12 PM
Futures fall following Apple miss

NEW YORK, Oct 25 (Reuters) - U.S. stock index futures fell on Thursday after Apple's quarterly profit missed Wall Street's expectations.

S&P 500 futures fell 8.2 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 66 points, and Nasdaq 100 futures lost 31 points.

Trading in Apple shares was halted in after-hours action.

by anthony.derosa 10/25/2012 8:59:16 PM
Apple Q4 revenue $36 billion vs I/B/E/S view $35.8 billion. $AAPL

by Reuters_Biz via twitter edited by Matthew Keys 10/25/2012 9:00:34 PM
The conference call has started.

by Matthew Keys 10/25/2012 9:01:43 PM
Apple CFO Oppenheimer: Highest September revenue ever.

by Matthew Keys 10/25/2012 9:02:33 PM
Right now, CFO Oppenheimer is going over sales numbers for Macs, iPods, iPads, notebooks and so forth. Many of those numbers are above.

by Matthew Keys 10/25/2012 9:03:40 PM
Apple CFO Oppenheimer: "iPod touch continued to account for over half of the iPods sold."

by Matthew Keys 10/25/2012 9:04:25 PM
Apple CFO Oppenheimer: "iPod continued to be the top-selling MP3 (player) in most countries we track."

by Matthew Keys 10/25/2012 9:04:39 PM
Apple CFO Oppenheimer: iTunes revenue at $2.1 billion.

by Matthew Keys 10/25/2012 9:05:31 PM
Apple CFO Oppenheimer touts new iTunes, which was supposed to be released this month (October). It's still not known when the new iTunes program will be released, and Oppenheimer offers no hints on the call.

by Matthew Keys 10/25/2012 9:06:28 PM
Apple CFO Oppenheimer: $17.1 billion for iPhone handsets and accessories in Q4

by Matthew Keys 10/25/2012 9:07:19 PM
Apple CFO Oppenheimer: "Virtually every type of enterprise and small business is using iPhone."

by Matthew Keys 10/25/2012 9:07:32 PM
Apple CFO Oppenheimer giving examples of how Canon (camera manufacturer) and Amtrak (transportation) employees and customers are using iPhone.

by Matthew Keys 10/25/2012 9:08:14 PM
Apple CFO Oppenheimer: BBC, Wall Street Journal, CTV News journalists using iPhone cameras in the field and sending it back to newsrooms for streaming on the web and broadcast on TV.

by Matthew Keys 10/25/2012 9:08:43 PM
Apple CFO Oppenheimer: "Earlier this week, we introduced the iPad mini...you can hold it in one hand."

(You guys, one hand!)

by Matthew Keys 10/25/2012 9:09:21 PM
Apple CFO Oppenheimer: 275,000 apps in the App Store

by Matthew Keys 10/25/2012 9:09:35 PM
Apple CFO Oppenheimer discussing how employees around the world at banks and businesses are using the iPad

by Matthew Keys 10/25/2012 9:11:05 PM
Apple CFO Oppenheimer: 44 million iOS devices sold in Q4.

by Matthew Keys 10/25/2012 9:11:17 PM
Apple CFO Oppenheimer: iPhone 5 demand has been "phenomenal."

by Matthew Keys 10/25/2012 9:12:35 PM
Apple CFO Oppenheimer: Total of 18 new Apple retail stores opened in a total of 10 countries during Q4.

by Matthew Keys 10/25/2012 9:12:53 PM
Apple CFO Oppenheimer: 94 million people visited Apple retail stores around the world for Q4, or to put it in perspective, 19,000 visitors per store per week

by Matthew Keys 10/25/2012 9:13:40 PM
Apple CFO Oppenheimer: "Operating expenses were $3.5 billion..."

by Matthew Keys 10/25/2012 9:14:03 PM
Apple CFO Oppenheimer: Average revenue per Apple retail store was $11.2 million.

by Matthew Keys 10/25/2012 9:14:47 PM
Worth noting Apple and Amazon are holding their earnings conference calls at the same time.

by Matthew Keys 10/25/2012 9:15:41 PM
Apple CFO Oppenheimer: Sold over 200 million iOS devices, 58 million iPads, 18 million Macs, 35 million iPods this year

by Matthew Keys 10/25/2012 9:17:31 PM
And now, questions! The operator asks investors/press to limit their questions to one question and one follow up.

by Matthew Keys 10/25/2012 9:18:14 PM
(I'm hoping someone asks when the new, beautiful iTunes music player will come out; the website still says "Coming in October")

by Matthew Keys 10/25/2012 9:18:29 PM
Apple CFO Oppenheimer: "We've never before introduced so many new form factors at once," referring to the new iPhone, new iPad mini, new retina Mac, new iPod touch, new iPod nano, new iMac...more or less referring to the fact that they all have new looks.

by Matthew Keys 10/25/2012 9:20:39 PM
Apple CFO Oppenheimer: iPad mini is priced "aggressively" at $329 for base model.

(To compare: Nexus tablet and Kindle Fire HD start at $199 for base models)

by Matthew Keys 10/25/2012 9:21:10 PM
Apple CEO Cook: "Relentless commitment to innovation is the reason why customers choose to buy our products."

by Matthew Keys 10/25/2012 9:23:25 PM

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