Market Currents

More on Apple: Cash balance stood at $121.3B at end of FQ4. 4.9M Macs shipped (+1% Y/Y). iPhone...

Thursday, October 25, 2012, 4:58 PM ET
More on Apple: Cash balance stood at $121.3B at end of FQ4. 4.9M Macs shipped (+1% Y/Y). iPhone (main profit engine) units +58% Y/Y and revenue +56% (up from +28% and +22% in FQ3). iPad units +26% and revenue +9%, a major slowdown partly caused by inventory changes. Mac desktop units -24%, notebooks +9%. iPod units -19% and revenue -26%. Implied iPhone ASP of $636 ($625 in FQ3), iPad ASP of $536 ($538 in FQ3). Apple has resumed trading and is down 0.9% AH - some bad news was clearly priced in. CC at 5PM ET (webcast).

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This news story has 14 comments:

emburns Comments (217)

So they miss, post horrible guidance and its only down a %? I hate trading.

25 Oct 2012, 05:04 PM Reply Like

PersonaNonGrata Comments (62)

Do you think that has anything to do with the near $100 drop from a month ago?
</rhetorical sarcasm>

25 Oct 2012, 06:48 PM Reply Like

RycheMykol Comments (337)

It was expected, it wasn't really a shock. Hence why it didn't drop in price too much.

25 Oct 2012, 05:14 PM Reply Like

trader008 Comments (19)

The stock is down about 15% form its high of 705-That is a correction
range..If apples future remains strong, and promising. This is all a buy.
It is jut not unusual to see this pull back. The have missed earnings
%30 of tim eon averahe. With all this said the stock is still a block buster.

Yes, it certainly heard to day trade this stock with options....accept when it really in a momentum up!!!!

25 Oct 2012, 05:14 PM Reply Like

trader008 Comments (19)

Sorry for the above typos.. "hard" to day trade...
"30% of the time on average"

thanks

25 Oct 2012, 05:16 PM Reply Like

Sal Marvasti Comments (1340)

The surface is coming is all I have to say.
http://seekingalpha.co...

25 Oct 2012, 05:16 PM Reply Like

Jack Baker Comments (395)

Yes, yet another Microsoft train-wreck to witness.

25 Oct 2012, 05:37 PM Reply Like

Craig Walendziak Comments (127)

Perfect entry for next quarter. Anyone shorting this on earnings was nuts. The stock corrected already and is still trading EXTREMELY cheap.

25 Oct 2012, 05:17 PM Reply Like

dook Comments (27)

The stock is dominated by a lot of ignorant people, many of them high speed traders who serve as parasites on the auction process. In the case of AAPL, the only smart course is to focus of the actual results of their business and on the outlook for the Christmas quarter and beyond.
The bears have their own motives and their own tactics: the rest of us will be the ultimate beneficiaries of the AAPL juggernaut.

25 Oct 2012, 05:29 PM Reply Like

RycheMykol Comments (337)

I'm waiting to see how the ipad mini sales open up on Nov 2. If its a hit, I think apple will destroy there lowered estimates for Q1.

25 Oct 2012, 05:32 PM Reply Like

rocback Comments (619)

After the dire predictions including by analysts on this site of 21.5 million I phones being sold and the negativity on the stock, it is now set to resume its upward climb. If Apple can sell almost 27 million I phones in a quarter with only a few days of I phone 5's, this Christmas will be huge especially now with the mini and a refreshed new I pad. This quarter we are in will be a blockbuster. Today will be looked back on as the buying op of the century.

25 Oct 2012, 05:41 PM Reply Like