AAPL missed earning and revenue!!! (cash, stock, buying, jobs)
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Meh. Given how 4S sales just shattered records, how they've now developed a phone that works both domestically and in foreign countries, and how they continue to strengthen their various revenue streams, I'd call it a hiccup.
They still crushed their own guidance, met/beat the street with iPad/Mac sales, guided next quarter higher, only missed due to iPhone sales right before a new launch. They also raised their guidance for the next quarter.
Obviously it seems the stock will open lower tomorrow, but my view is the pattern will resemble Jobs' resignation: down a lot after hours, open lower (but higher than AH) and close slightly lower but much higher than at market open.
im not into speculating anymore but if i was i would short apple and go long bank of america at this point.
Agreed 100%, in fact, I'm on the BAC long side already. As for Apple, I don't listen to Jim Cramer much, but he was right the other day when he said that Apple is at the point now where they have to set new sales records every quarter just to maintain their momentum, and that's impossible to do for very long, even for a company as incredible as Apple.
Well, Apple actually hit its guidance marks. I mean, sheesh, we are talking about a company that only had a 39% jump in revenue and a 54% uptick in profit. What a dog of a company this has turned out to be.
Think of it in realistic terms, how long can people keep buying new phones and iPads? It gets old.
They need to get out of their one trick pony show and diversify fast.
It's tough to up sales every quarter, even for Apple.
I don't think Apple is getting old at all. IPhone 4S sells were off the charts, ITunes is doing well and Mac sells are on fire. I think any product Apple creates will bring in die hard Apple consumers but since Steve Jobs is gone and Tim Cook has taken over it is up in the air that innovation will continue. The things I am wondering is if Apple is managing it's cost from suppliers, managing revenue after gross profit, overhead and overall production of it's products even from China?
It doesn't matter if a company has record sales if they are managing the cash flow. This is a perfect example of Bank of America fudging account numbers in their last revenue reporting. Yes, they beat numbers but they made their profits look better than what they actually were set to be in accounting. Maybe Bank will come out on top after they have learned from the mistakes they have made in the past but it will take a long time like the airline industry. Apple hasn't misses since 2004.
What happened? This is the first miss. Did analyst estimate too high? I am in shock.
Analysts have always added a premium to the guidance numbers to the tune of 20% since Apple Lowballs their guidance. Looks like after this earnings, they are scaling down a bit.
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