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Bill Maurer
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I am a market enthusiast and part-time trader. I started writing for Seeking Alpha in 2011, and it has been a tremendous opportunity and learning experience. I have been interested in the markets since elementary school, and hope to pursue a career in the investment management industry. I have... More
  • Apple Q3 Estimates Starting To Fall 2 comments
    Apr 15, 2014 9:56 AM | about stocks: AAPL

    For those that have followed my writing on Apple (NASDAQ:AAPL), you know that recently I have discussed how Apple's fiscal Q3 estimates, for the June ending quarter, may be too high. Well, recently, we've seen those estimates start to trickle down. Here were my three latest Apple articles that discussed this issue:

    With major product launches not expected to come until August or September at the earliest, the June ending quarter is at risk. The following table shows how Q3 estimates have come down lately. You can see current estimates here.

    So what's the takeaway here today? Well, for those that are long Apple, it's probably a good thing that estimates are coming down. The lower estimates are, the better chance Apple has of meeting them with its Q3 guidance. Also, if Apple issues weak guidance, falling estimates mean guidance won't miss as much. It would not surprise me if Apple's guidance misses for Q3, and if that sends the stock down, it might be a good opportunity to buy. Just like most years, the second half of the calendar year is when investors get excited about Apple. I'll be back early next week with my official Apple earnings preview article.

    Themes: technology, long ideas, earnings Stocks: AAPL
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Comments (2)
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  • csv26
    , contributor
    Comments (54) | Send Message
     
    Out of curiosity
    A quality writer like you on SA, with your number of followers; roughly how much do they pay out to you on the average month?
    Sorry, I know it's a rude question ;-)

     

    Oh, and nice Apple article, as always. Mostly agree as usual
    15 Apr, 10:09 AM Reply Like
  • Bill Maurer
    , contributor
    Comments (5042) | Send Message
     
    Author’s reply » It fluctuates a bit, depending on how many articles I write and how many articles are guaranteed payments versus page view based payments.
    15 Apr, 10:12 AM Reply Like
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