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	<title>iMore &#187; earnings</title>
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	<description>More of everything iPhone and iPad</description>
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		<title>Apple TV doing well, 2.8 million sold last year with record sales in December</title>
		<link>http://www.imore.com/2012/01/24/apple-tv-28-million-sold-year-record-sales-december/</link>
		<comments>http://www.imore.com/2012/01/24/apple-tv-28-million-sold-year-record-sales-december/#comments</comments>
		<pubDate>Tue, 24 Jan 2012 23:21:01 +0000</pubDate>
		<dc:creator>Chris Parsons</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Apple iTV]]></category>
		<category><![CDATA[apple television]]></category>
		<category><![CDATA[apple tv]]></category>
		<category><![CDATA[earnings]]></category>
		<category><![CDATA[earnings call]]></category>
		<category><![CDATA[i.tv]]></category>

		<guid isPermaLink="false">http://www.imore.com/?p=93621</guid>
		<description><![CDATA[Apple's Q1 2012 results have now been announced and to no one's surprise, it was another record breaking quarter. ]]></description>
			<content:encoded><![CDATA[<p><a href="http://cdn.tipb.com/images/stories//2012/01/Apple_TV_Main.jpeg"><img class="size-medium wp-image-93622 aligncenter" title="Apple_TV_Main" src="http://cdn.tipb.com/images/stories//2012/01/Apple_TV_Main-620x406.jpg" alt="" width="620" height="406" /></a></p>

<p>As part of Apple&#8217;s record breaking <a href="http://www.imore.com/2012/01/24/apple-q1-2012-results-4633-billion-revenue-3704-million-iphones-1543-million-ipads-154-million-ipods/">Q1 2012 financial results</a>, Apple CEO Tim Cook took the time to break out <a href="http://www.imore.com/apple-tv/">Apple TV</a> numbers &#8212; 2.8 million sold last year with half of those sales, 1.4 million, coming in the last quarter.</p>

<p>Cook insisted that <a href="http://www.imore.com/apple-tv/">Apple TV</a> is still a hobby for Apple and while there was pressure to comment on the <a href="http://www.imore.com/tag/apple-television/">Apple iTV Television</a> rumors, Cook managed to dodge his way around those questions simply by stating there was nothing else to talk about in that area. Of course, that&#8217;s what Apple said about phones and tablets, once upon a time.</p>

<p>Totally avoided by analysts and Apple execs alike &#8212; <a href="http://www.imore.com/tag/apple-tv-3">Apple TV 3</a> rumors. Where&#8217;s our <a href="http://www.apple.com/tag/apple-a5">Apple A5</a> powered, 1080p update already?</p>
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		<slash:comments>7</slash:comments>
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		<item>
		<title>Reminder: Apple&#8217;s All About Profit Share NOT Market Share</title>
		<link>http://www.imore.com/2009/04/17/reminder-apple-profit-share-market-share/</link>
		<comments>http://www.imore.com/2009/04/17/reminder-apple-profit-share-market-share/#comments</comments>
		<pubDate>Fri, 17 Apr 2009 20:09:47 +0000</pubDate>
		<dc:creator>Rene Ritchie</dc:creator>
				<category><![CDATA[Editorial]]></category>
		<category><![CDATA[earnings]]></category>
		<category><![CDATA[market share]]></category>
		<category><![CDATA[profit]]></category>

		<guid isPermaLink="false">http://www.theiphoneblog.com/?p=8106</guid>
		<description><![CDATA[<a href='http://www.imore.com/images/stories/2008/05/iphone_business_model.jpg'></a>

Quarterly results time, when the internet&#8217;s fancy turns to chicken-little predictions of how many percentage points this or that company slipped on which or what index of&#8230; who cares.

It&#8217;s]]></description>
			<content:encoded><![CDATA[<p><a href='http://www.imore.com/images/stories/2008/05/iphone_business_model.jpg'><img src="http://www.imore.com/images/stories/2008/05/iphone_business_model-400x400.jpg" alt="iPhone Business Model" title="iPhone Business Model" width="400" height="400" class="aligncenter size-medium wp-image-2479" /></a></p>

<p>Quarterly results time, when the internet&#8217;s fancy turns to chicken-little predictions of how many percentage points this or that company slipped on which or what index of&#8230; who cares.</p>

<p>It&#8217;s not the first time we&#8217;ve <a href="http://www.imore.com/2009/03/17/apple-iphone-30-preview-event-live-metablog/">mentioned this</a>, and we&#8217;re certainly not the first people to have <a href="http://daringfireball.net/linked/2009/04/16/nokia">mentioned it</a>. Yet, just like clockwork every 3 months analysts spout estimates and every blog and their commenters race to re-publish what in essence are meaningless numbers.</p>

<p>Cases in point: Apple and the iPhone.</p>

<p>Certainly, without much room for doubt or question, Apple&#8217;s <em>market</em> share and likely iPhone <em>market</em> share will be down this quarter. Newsflash: the <em>market</em> will likely be down this quarter. So if Apple is selling 1% or 2% less in terms of units, hellseven 10% less in terms of units, is that reason to panic?</p>

<p>If you&#8217;re an analyst or shockmedia type, likely &#8220;yes&#8221;, or if you&#8217;re manipulating stock for short term turnover rather than stable long term growth, &#8220;aye, ye scurvy dogs!&#8221;. But if you&#8217;re Apple?</p>

<p>No.</p>

<p>Historically, Apple doesn&#8217;t care about <em>market</em> share, they care about <em>profit</em> share. (They already own <em>mind</em> share, so we&#8217;ll remove that from the equation for now).</p>

<p>Apple is a public company that reports its margins, which typically run around 30%. Let that sink in for a moment. When Palm is selling <em>millions</em> of Centros and <a href="http://www.treocentral.com/content/Stories/1810-1.htm">losing money</a> hand over fist, when Nokia owns the international market and <a href="http://www.engadgetmobile.com/2009/04/16/nokias-profits-drop-90-in-q1-2009/">revenues plummet</a>, when PC makers are racing each other to the bottom of the netbook price list to eek out razor-thin margins and gaining footprint only to hemorrhage cash, rumors of <a href="http://www.imore.com/tag/iphone-nano/">iPhone nanos</a> and <a href="http://www.imore.com/tag/netbook/">cheapo iNetbooks</a> make as little sense for Apple as iSupply- and analyst-fueled headlines.</p>

<p>Sure, it&#8217;s nice for consumers to get low prices, but not at the expense of the companies going out of business and no longer giving us products or <em>competition</em>. Short term gain at long term loss isn&#8217;t sustainable. It&#8217;s the $0.99 fart app of the electronics space.</p>

<p>Apple reports earnings on April 22nd. </p>
]]></content:encoded>
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		<slash:comments>18</slash:comments>
		</item>
		<item>
		<title>o2 Sells Out, AT&amp;T Cashes In</title>
		<link>http://www.imore.com/2008/04/23/o2-sells-out-att-cashes-in/</link>
		<comments>http://www.imore.com/2008/04/23/o2-sells-out-att-cashes-in/#comments</comments>
		<pubDate>Wed, 23 Apr 2008 11:25:50 +0000</pubDate>
		<dc:creator>Rene Ritchie</dc:creator>
				<category><![CDATA[AT&T]]></category>
		<category><![CDATA[earnings]]></category>
		<category><![CDATA[o2]]></category>
		<category><![CDATA[out-of-stock]]></category>

		<guid isPermaLink="false">http://www.theiphoneblog.com/2008/04/23/o2-sells-out-att-cashes-in/</guid>
		<description><![CDATA[The United States and England are countries separated by one ocean and two languages, or so they say. Yet <a href="http://www.appleinsider.com/articles/08/04/22/o2_iphone_boost_jobs_interview_tonight_10_5_3_att_adds_1_3m.html">Apple Insider reports</a> good tidings for both sides of the pond]]></description>
			<content:encoded><![CDATA[<p align="center"><img alt="iphone_money_bin.jpg" src="http://phonedifferent.com/articleimages/2008/02/iphone_money_bin.jpg" width="230" height="270" />
</p>

<p>The United States and England are countries separated by one ocean and two languages, or so they say. Yet <a href="http://www.appleinsider.com/articles/08/04/22/o2_iphone_boost_jobs_interview_tonight_10_5_3_att_adds_1_3m.html">Apple Insider reports</a> good tidings for both sides of the pond this week.</p>

<p>First up, the recent price cuts on the 8GB iPhone in the UK seems to have had the desired effect, with both Carphone Warehouse and O2 retail stores experiencing increased demand &#8212; and even selling out of Apple&#8217;s revolutionary mobile phone.</p>

<p>AT&amp;T, meanwhile, boasted of a 22% increase in profits and the addition of 1.3 million new subscribers.</p>

<p>Boom indeed&#8230;</p>
]]></content:encoded>
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