(GuruFocus, October 19, 2009) Apple Inc. reported a quarterly report that crushed the street estimate. Here are the highlights:
The Company posted revenue of $9.87 billion and a net quarterly profit of $1.67 billion, or $1.82 per diluted share. These results compare to revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share, in the year-ago quarter. Gross margin was 36.6 percent, up from 34.7 percent in the year-ago quarter. International sales accounted for 46 percent of the quarter’s revenue
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Among the Investment Gurus that we track, as of June 30, 2009, Apple Inc. is owned by 9 Gurus:
2 Gurus Initiated Positions in AAPL:
Daniel Loeb bought 150,000 shares , which is 2.38% of the $898 million portfolio of Third Point, LLC. George Soros bought 2,805 shares , which is 0.02% of the $2.61 billion portfolio of Soros Fund Management LLC.
1 Guru Increased Positions in AAPL:
John Griffin owns 2,020,000 shares , an increase of 75.65% from the previous quarter. This position accounts for 7.32% of the $3.93 billion portfolio of Blue Ridge Capital.
6 Gurus Kept Positions in AAPL Unchanged or Slightly Adjusted:
Ron Baron owns 69,600 shares , which accounts for 0.08% of the $11.99 billion portfolio of Baron Funds. Bill Nygren owns 270,000 shares , which accounts for 1.49% of the $2.04 billion portfolio of Oak Mark Fund. PRIMECAP Management owns 46,000 shares , which accounts for 0.01% of the $48.26 billion portfolio of PRIMECAP Management. Ruane Cunniff owns 2,030 shares , which accounts for less than 0.01% of the $6.9 billion portfolio of Ruane & Cunniff & Goldfarb Inc. Lee Ainslie owns 1,743,470 shares , which accounts for 3.85% of the $6.44 billion portfolio of Maverick Capital. Kenneth Fisher owns 165,664 shares , which accounts for 0.1% of the $24.67 billion portfolio of Fisher Asset Management, LLC.
1 Guru Sold Out AAPL:
John Hussman sold out his holdings .
Insiders' Activities with AAPL
The Company posted revenue of $9.87 billion and a net quarterly profit of $1.67 billion, or $1.82 per diluted share. These results compare to revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share, in the year-ago quarter. Gross margin was 36.6 percent, up from 34.7 percent in the year-ago quarter. International sales accounted for 46 percent of the quarter’s revenue
Watch what Bloomberg has to say about the earning results:
Watch the Fox Business News discussion on Apple’s quarterly results:
Click here if you cannot see the video player with your browser
Among the Investment Gurus that we track, as of June 30, 2009, Apple Inc. is owned by 9 Gurus:
2 Gurus Initiated Positions in AAPL:
Daniel Loeb bought 150,000 shares , which is 2.38% of the $898 million portfolio of Third Point, LLC. George Soros bought 2,805 shares , which is 0.02% of the $2.61 billion portfolio of Soros Fund Management LLC.
1 Guru Increased Positions in AAPL:
John Griffin owns 2,020,000 shares , an increase of 75.65% from the previous quarter. This position accounts for 7.32% of the $3.93 billion portfolio of Blue Ridge Capital.
6 Gurus Kept Positions in AAPL Unchanged or Slightly Adjusted:
Ron Baron owns 69,600 shares , which accounts for 0.08% of the $11.99 billion portfolio of Baron Funds. Bill Nygren owns 270,000 shares , which accounts for 1.49% of the $2.04 billion portfolio of Oak Mark Fund. PRIMECAP Management owns 46,000 shares , which accounts for 0.01% of the $48.26 billion portfolio of PRIMECAP Management. Ruane Cunniff owns 2,030 shares , which accounts for less than 0.01% of the $6.9 billion portfolio of Ruane & Cunniff & Goldfarb Inc. Lee Ainslie owns 1,743,470 shares , which accounts for 3.85% of the $6.44 billion portfolio of Maverick Capital. Kenneth Fisher owns 165,664 shares , which accounts for 0.1% of the $24.67 billion portfolio of Fisher Asset Management, LLC.
1 Guru Sold Out AAPL:
John Hussman sold out his holdings .
Insiders' Activities with AAPL
- Sell:: Senior Vice President on 10/06/2009 Bertrand Serlet sold 10,000 shares of AAPL stock at the average price of 188.42, the price of the stock has increased by 1.09% since
- Sell:: Senior Vice President on 07/31/2009 Jonathan P Ive sold 27,713 shares of AAPL stock at the average price of 163.82, the price of the stock has increased by 16.27% since
