d**y
发帖数: 18174 | 1 明显感觉周围用macbook的人越来越多了……
Apple (NASDAQ: AAPL ) just announced a next-generation set of MacBook
designs as well as its new Mac Pro, oriented for professional users. By all
counts, these designs represent the best in their class. The Retina MacBook
Pro has gotten rave reviews, and the Mac Pro looks to pack some serious
hardware in a great form factor.
Of course, it's no secret that Intel (NASDAQ: INTC ) , the world's largest
semiconductor vendor by revenue, supplies the microprocessors for all of
Apple's Mac products. While some may believe that Apple may be gunning to
replace Intel in its Macs, following the recent launches and some of the
statements that Apple's management made at its event, this seems highly
unlikely.
Apple is keeping the Mac separate from (but related to) the iPad
It was obvious at Apple's event that it was looking to bring more
functionality from the Mac to the iPad. This is a subtle difference from
outright converging its notebook/desktop platforms and its tablet platforms
as Microsoft (NASDAQ: MSFT ) is gunning for with Windows 8.1. On one hand,
it is very obvious that Apple is positioning its 9.7-inch iPad lineup as the
mainstream (i.e. low price) computing device of choice to go up against low
-cost notebooks. At the same time, Apple still sells a lot of Mac products
at the higher end for those who need productivity devices/high-end laptops.
This signals that Apple is unlikely to switch to an iOS-based Mac, and given
that Intel's processors in the low-power PC space are excellent, it is
unlikely that Apple would want to make the switch from Intel's chips to an
in-house chip that would potentially offer inferior performance per watt at
the higher performance levels demanded by a notebook. This has been one of
the major fears surrounding Intel with respect to Apple, but the odds of
those fears coming true anytime in the near future seem next to nil.
Apple buys a very rich mix of products
Unlike most PC vendors that typically buy everything from the low-end
Celerons and Pentiums to Core i3/i5/i7 parts, Apple doesn't buy low-end
chips. Indeed, MacBook models typically come packed with at least Core i5
processors with plenty of room for upsell to Core i7 products. In fact, in
the highest-end 15-inch Retina MacBook Pro, Apple is using a variant of
Haswell that sports a feature known as Crystalwell. This is essentially a
quad-core Haswell processor with a very high-end GPU configuration and on-
package, high-performance memory, and it commands a significant ASP premium
to non-Crystalwell chips.
While Apple is not a 10% customer for Intel, Apple's importance as a
customer cannot be overstated. It is likely that MacOS will continue to gain
share against Windows in the PC space, particularly in light of the recent
software announcements from Apple as well as consumer dissatisfaction with
Windows 8 and potentially 8.1. Having the Mac contract and keeping Apple
happy should be a top priority for Intel's management, and the release of
the Crystalwell chip (which many say was designed specifically for Apple)
shows that Intel recognizes this, too.
Foolish bottom line
While the jury is still out on what Windows 8.1 PC sales will look like, it'
s clear that the best chance for outperformance in the PC space comes from
Apple, with its refreshed Mac products. While the iPad certainly serves as a
headwind to lower-end PCs powered by Intel, the new MacBook and Mac Pro
systems are likely to sell very well. This means a richer mix and a
confirmation that the Apple/Intel relationship is still alive and well. | M******u
发帖数: 103 | 2 Overall U.S. PC shipments grew by 3.5% in the third quarter, according to
tech consultancy Gartner. While Hewlett-Packard (HPQ, Fortune 500), Dell (
DELL, Fortune 500), Lenovo and Toshiba all grew their shipments over last
year, Apple's fell by 2.3%. It might be even worse than that. If you ask
Gartner's rival consultancy IDC, Macintosh shipments fell by more than 11%. | d**y
发帖数: 18174 | 3 听起来真是个好消息。一个吃pc老本，一个卖tablet和手机赚钱，真要是能井水不犯河
水也挺好。
.
【在 M******u 的大作中提到】
: Overall U.S. PC shipments grew by 3.5% in the third quarter, according to
: tech consultancy Gartner. While Hewlett-Packard (HPQ, Fortune 500), Dell (
: DELL, Fortune 500), Lenovo and Toshiba all grew their shipments over last
: year, Apple's fell by 2.3%. It might be even worse than that. If you ask
: Gartner's rival consultancy IDC, Macintosh shipments fell by more than 11%.
| n*******e
发帖数: 57 | 4 今天搜了下how to make full screen app, 结果第一页全是iOS和Android，趋势可见
一斑
all
MacBook
largest
【在 d**y 的大作中提到】
: 明显感觉周围用macbook的人越来越多了……
: Apple (NASDAQ: AAPL ) just announced a next-generation set of MacBook
: designs as well as its new Mac Pro, oriented for professional users. By all
: counts, these designs represent the best in their class. The Retina MacBook
: Pro has gotten rave reviews, and the Mac Pro looks to pack some serious
: hardware in a great form factor.
: Of course, it's no secret that Intel (NASDAQ: INTC ) , the world's largest
: semiconductor vendor by revenue, supplies the microprocessors for all of
: Apple's Mac products. While some may believe that Apple may be gunning to
: replace Intel in its Macs, following the recent launches and some of the
| d**y
发帖数: 18174 | 5 你是用什么搜的？
【在 n*******e 的大作中提到】
: 今天搜了下how to make full screen app, 结果第一页全是iOS和Android，趋势可见
: 一斑
:
: all
: MacBook
: largest
| L****y
发帖数: 53 | 6 微软和亚马逊今天都公布了超出华尔街预期的财报。盘后同样大涨。区别是微软是正盈
余，亚马逊是负盈余。
亚马逊真牛！还在撒网.....
all
MacBook
largest
【在 d**y 的大作中提到】
: 明显感觉周围用macbook的人越来越多了……
: Apple (NASDAQ: AAPL ) just announced a next-generation set of MacBook
: designs as well as its new Mac Pro, oriented for professional users. By all
: counts, these designs represent the best in their class. The Retina MacBook
: Pro has gotten rave reviews, and the Mac Pro looks to pack some serious
: hardware in a great form factor.
: Of course, it's no secret that Intel (NASDAQ: INTC ) , the world's largest
: semiconductor vendor by revenue, supplies the microprocessors for all of
: Apple's Mac products. While some may believe that Apple may be gunning to
: replace Intel in its Macs, following the recent launches and some of the
| d**y
发帖数: 18174 | 7 尚未研究报表。微软超过预期的原因是什么？
【在 L****y 的大作中提到】
: 微软和亚马逊今天都公布了超出华尔街预期的财报。盘后同样大涨。区别是微软是正盈
: 余，亚马逊是负盈余。
: 亚马逊真牛！还在撒网.....
:
: all
: MacBook
: largest
| c****c
发帖数: 605 | 8 Enterprise + Cloud
【在 d**y 的大作中提到】
: 尚未研究报表。微软超过预期的原因是什么？
| d**y
发帖数: 18174 | 9 没错。Devices and consumer还是不行，operating income下降23%。感觉以后公司大
概应该分成两半对投资人最有利。
Segment revenue and gross margin were as follows during the periods
presented:
(In millions)
Three Months Ended September 30, 2013
2012
Revenue
Devices and Consumer
Licensing $ 4,343 $ 4,678
Hardware
1,485 1,084
Other
1,635 1,400
Total Devices and Consumer
$ 7,463 $ 7,162
Commercial
Licensing $ 9,594 $ 8,945
Other
1,603 1,248
Total Commercial
$ 11,197 $ 10,193
Corporate and Other
(131 ) (1,347 )
Total revenue
$ 18,529 $ 16,008
(In millions)
Three Months Ended September 30, 2013
2012
Gross Margin
Devices and Consumer
Licensing $ 3,925 $ 4,103
Hardware
206 448
Other
352 362
Total Devices and Consumer
$ 4,483 $ 4,913
Commercial
Licensing $ 8,801 $ 8,183
Other
275 105
Total Commercial
$ 9,076 $ 8,288
Corporate and Other
(144 ) (1,361 )
Total gross margin
$ 13,415 $ 11,840
Following is operating expenses by segment group. As discussed above, we do
not allocate operating expenses below cost of revenue to our segments.
(In millions)
Three Months Ended September 30, 2013 2012
Devices and Consumer
$ 2,288 $ 2,062
Commercial
4,022 3,635
Corporate and Other
771 835
Total operating expenses
$ 7,081 $ 6,532
Following is operating income by segment group.
(In millions)
Three Months Ended September 30, 2013 2012
Devices and Consumer
$ 2,195 $ 2,851
Commercial
5,054 4,653
Corporate and Other
(915 ) (2,196 )
Total operating income
$ 6,334 $ 5,308
【在 c****c 的大作中提到】
: Enterprise + Cloud
| r*****g
发帖数: 9999 | 10 建议把微软分成两半的都是高级软黑，巴不得微软早死。devices and consumer
income下降但revenue提高，软软在这上头不砸钱的话就是死路一条。
【在 d**y 的大作中提到】
: 没错。Devices and consumer还是不行，operating income下降23%。感觉以后公司大
: 概应该分成两半对投资人最有利。
: Segment revenue and gross margin were as follows during the periods
: presented:
: (In millions)
: Three Months Ended September 30, 2013
: 2012
: Revenue
: Devices and Consumer
: Licensing $ 4,343 $ 4,678
| | | d**y
发帖数: 18174 | 11 手机和本子赔本赚吆喝，pc继续萎缩。真是应该分家了。
Devices and Consumer revenue increased $301 million or 4%, reflecting
continued adoption of the Windows platform, including customer adoption of
new Windows-enabled devices. Devices and Consumer gross margin declined $430
million or 9%, due mainly to our preparation for new product launches.
D&C Licensing
D&C Licensing revenue decreased $335 million or 7%, due mainly to lower
revenue from licenses of Windows OEM and Consumer Office, offset in part by
increased Windows Phone revenue. Windows OEM revenue declined $237 million
or 7%, reflecting a 22% decrease in OEM non-Pro revenue, offset in part by a
6% increase in OEM Pro revenue. Consumer Office revenue declined $217
million or 23%. These decreases resulted primarily from the impact on
revenue of a decline in consumer demand. In the case of Consumer Office, the
decline was also influenced by the transition of customers to O365 Home
Premium, offset by increased levels of Office attached to devices shipped.
Windows Phone revenue increased $102 million, including an increase in
patent licensing revenue.
D&C Licensing gross margin decreased $178 million or 4%, due to decreased
revenue, offset in part by a $157 million or 27% decrease in cost of revenue
. D&C Licensing cost of revenue decreased, due mainly to lower traffic
acquisition costs.
D&C Hardware
D&C Hardware revenue increased $401 million or 37%, due primarily to Surface
revenue of $400 million. The general availability of Surface RT and Surface
Pro started October 26, 2012 and February 9, 2013, respectively.
D&C Hardware gross margin decreased $242 million or 54%, due to a $643
million or 101% increase in cost of revenue, offset in part by higher
revenue. D&C Hardware cost of revenue increased, primarily due to $645
million higher Surface cost of revenue. Surface product costs increased with
higher volumes sold, while other costs grew as we ready inventory lines for
the Surface 2 launch and the holiday sales cycle.
34
PART I
Item 2
D&C Other
D&C Other revenue increased $235 million or 17%, due mainly to higher
advertising revenue, which increased $106 million or 13%. Search advertising
revenue growth was offset in part by a decline in display advertising
revenue. Search advertising revenue increased 47%, due primarily to
increased revenue per search resulting from ongoing improvements in ad
products and higher search volume, offset in part by lower display
advertising revenue, which was down 31%, due mainly to a decline in Outlook.
com advertising revenue. D&C Other revenue also increased $129 million or 21
%, primarily due to higher volumes of content resold through our online
platforms.
D&C Other gross margin decreased slightly, due to a $245 million or 24%
increase in cost of revenue, substantially offset by higher revenue. D&C
Other cost of revenue increased, due mainly to a $99 million or 20% increase
in advertising cost of revenue, reflecting increased investment in online
infrastructure and higher traffic acquisition costs. D&C Other cost of
revenue also increased, due mainly to royalty costs on higher volumes of
resale transactions.
【在 d**y 的大作中提到】
: 没错。Devices and consumer还是不行，operating income下降23%。感觉以后公司大
: 概应该分成两半对投资人最有利。
: Segment revenue and gross margin were as follows during the periods
: presented:
: (In millions)
: Three Months Ended September 30, 2013
: 2012
: Revenue
: Devices and Consumer
: Licensing $ 4,343 $ 4,678
| d**y
发帖数: 18174 | 12 预期17.8B，业绩18.5B，之间的差距还不如deferral的1.2B大。不知道投资人对
deferral这部分是怎么预测的。
Corporate and Other revenue comprises certain revenue deferrals, including
those related to product and service upgrade offers and pre-sales of new
products to OEMs prior to general availability.
Corporate and Other revenue increased $1.2 billion or 90%, primarily due to
the timing of revenue deferrals. During the first quarter of fiscal year
2014, we deferred $113 million of revenue, primarily related to Windows 8.1
Pre-Sales. During the first quarter of fiscal year 2013, we deferred $1.2
billion and $189 million of revenue related to the Windows Deferral and
Office Deferral, respectively.
Corporate and Other gross margin increased $1.2 billion or 89%, due mainly
to increased revenue.
430
by
a
【在 d**y 的大作中提到】
: 手机和本子赔本赚吆喝，pc继续萎缩。真是应该分家了。
: Devices and Consumer revenue increased $301 million or 4%, reflecting
: continued adoption of the Windows platform, including customer adoption of
: new Windows-enabled devices. Devices and Consumer gross margin declined $430
: million or 9%, due mainly to our preparation for new product launches.
: D&C Licensing
: D&C Licensing revenue decreased $335 million or 7%, due mainly to lower
: revenue from licenses of Windows OEM and Consumer Office, offset in part by
: increased Windows Phone revenue. Windows OEM revenue declined $237 million
: or 7%, reflecting a 22% decrease in OEM non-Pro revenue, offset in part by a
| r**********g
发帖数: 22734 | 13 数死早啊，113 million = 1.2B?
to
1
【在 d**y 的大作中提到】
: 预期17.8B，业绩18.5B，之间的差距还不如deferral的1.2B大。不知道投资人对
: deferral这部分是怎么预测的。
: Corporate and Other revenue comprises certain revenue deferrals, including
: those related to product and service upgrade offers and pre-sales of new
: products to OEMs prior to general availability.
: Corporate and Other revenue increased $1.2 billion or 90%, primarily due to
: the timing of revenue deferrals. During the first quarter of fiscal year
: 2014, we deferred $113 million of revenue, primarily related to Windows 8.1
: Pre-Sales. During the first quarter of fiscal year 2013, we deferred $1.2
: billion and $189 million of revenue related to the Windows Deferral and
| k****n
发帖数: 682 | 14 火眼金睛啊
【在 r**********g 的大作中提到】
: 数死早啊，113 million = 1.2B?
:
: to
: 1
| S*******h
发帖数: 7021 | | d**y
发帖数: 18174 | 16 早分家还能保半壁江山
【在 r*****g 的大作中提到】
: 建议把微软分成两半的都是高级软黑，巴不得微软早死。devices and consumer
: income下降但revenue提高，软软在这上头不砸钱的话就是死路一条。
:
:
| d**y
发帖数: 18174 | 17 没写清楚。说的是corporate and other去年和今年的差距。这个差距主要是deferral
造成的。
【在 r**********g 的大作中提到】
: 数死早啊，113 million = 1.2B?
:
: to
: 1
| d**y
发帖数: 18174 | 18 我觉得微软这个名号可以由commerical来继承，client单独成为一个公司，新微软是
client公司的一个重要股东。新微软争取扩大服务器和企业市场，client是一个灵活的
棋子，或者与别的公司厮杀，或者合作，或者烂透的时候扔掉（这种情况下不会把整个
公司拖垮）。从client的角度讲，它没有了一盘棋的负担，对它的发展和壮大也是好事。
【在 S*******h 的大作中提到】
: 当然顶不注 8.1还是一样难用
| q******n
发帖数: 4479 | 19 操白粉心
事。
【在 d**y 的大作中提到】
: 我觉得微软这个名号可以由commerical来继承，client单独成为一个公司，新微软是
: client公司的一个重要股东。新微软争取扩大服务器和企业市场，client是一个灵活的
: 棋子，或者与别的公司厮杀，或者合作，或者烂透的时候扔掉（这种情况下不会把整个
: 公司拖垮）。从client的角度讲，它没有了一盘棋的负担，对它的发展和壮大也是好事。
|
|
