It's A Twelve-Peat (7/19/00)
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Chalk up another one for Fred and the gang; according to an Apple press release, last quarter marked Apple's eleventh consecutive one in the black. And by our count, that makes it twelve consecutive Street-beating quarters, proving once again that underestimating Apple is a national pastime on par with baseball and filing frivolous lawsuits. Oh yeah, the numbers-- Apple posted a profit of $200 million; however, as per the tradition, a sizeable chunk of that was due to the sale of another batch of ARM stock, so Apple's real profit was $163 million excluding one-time charges and gains. Not too shabby, right? Especially since those know-it-all analysts were predicting about $20 million less.
Don't go all goofy just yet, though-- the news wasn't all good. According to ZDII Inter@ctive Investor, while Apple's Q3 sales were $1.83 billion-- up 17% from the same quarter a year ago-- that number was sadly a bit lower from the $1.9 billion that analysts were expecting. (Sounds like iMac sales were even softer than anyone anticipated.) As a result, Apple's stock fell almost four whole points in after-hours trading. Hopefully when Steve struts his Expo stuff, he'll announce enough kick-ass gear to drive that price back up again.
But anyway, ours is not to analyze the ins and outs of Apple's quarterly results and consider their cumulative effect on the company's stock price; our job is to congratulate those Beat The Analysts contestants who trounced the bigwigs on Wall Street with their estimates. So, without further ado, let's all give a big hand to Eric Ku and Gabriel Matthews, both of whom guessed Apple's Q3 results on the nose. Way to go, guys! They'll be hearing from the AtAT Prize Patrol soon. Meanwhile, be sure to take a look at the final results, which contain lots of interesting little factoids about how AtAT viewers did better than Wall Street. Thanks to all of you who took the time to enter. And don't be bummed that you lost-- there's always next quarter.
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And Now For A Word From Our Sponsors |
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 |  | The above scene was taken from the 7/19/00 episode: July 19, 2000: It's Keynote Day, so take one last look at AtAT's 100% No-Waffling Prediction List before the festivities begin. Meanwhile, Apple beats the analysts yet again, though that revenue's lookin' a little on the thin side, and the AtAT staff discovers the true joy of Amtrak: the ability to use an iBook comfortably while traveling...
Other scenes from that episode: 2425: Sticking To Our Guns (7/19/00) Okay, we know most of you won't be tuning in until after The Lovely And Talented Steve Jobs is done wowing the crowd with tales of cubic Macs and ergonomic mice and a new line of Apple-branded kitchen appliances... 2427: Back On The Train, Gang (7/19/00) You know, this particular episode was produced as our corporeal forms passed through four of these United States as we wound our way to the annual Mac Mecca at the Javits Center, and we can honestly say that this has been the least stressful trip we've taken down here...
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