Seeking Alpha

Michael Michaud's  Instablog

Michael Michaud
Send Message
Michael Michaud is the founder of ( and the Invest2Success Blog ( He has been investing and trading in the financial markets since 1989. He founded to empower individual institutional... More
My company:
My blog:
Invest2Success Blog
  • Apple Sells More IPhones Beats Earnings Estimates 0 comments
    Jul 23, 2013 8:53 PM | about stocks: AAPL, NFLX, GOOG, FB

    Apple Market Share

    Apple Sells More iPhones Beats Earnings Estimates

    Now that's more like it: Apple, Inc. (NASDAQ:AAPL) beat estimates in both earnings and revenues after the bell Tuesday on better-than-expected iPhone sales in the company's fiscal 3rd quarter (ended June). The ubiquitous gadget-maker reported $7.47 per share on revenues totalling $35.32 billion in the quarter. The Zacks Consensus Estimates were for $7.31 per share on $34.97 billion in sales.

    The Zacks ESP had predicted this exact earnings beat for Apple; its Zacks Rank #3 (Hold) combined with a more-accurate estimate revision up 2.19% nailed it: a 2.19% positive surprise. Not too shabby for Apple, but pretty great for us here at Zacks!

    Apple sold 31.2 million iPhones in the last 3 months, more than 4 million more than the company had projected. "Only" 14.6 million iPads were sold in the quarter; 18 million had been expected. The 3.8 million Macs sold during the period was pretty much right in line, and gross margin was toward the high end of its expected range.

    Revenue expectations for Q4 are between $34 - 37 billion; the Zacks Consensus before the bell was $36.1 billion. Projected gross margin between 36 - 37% remains consistent with Q3 numbers. The gangbusters days are clearly over near-term for Apple, but it only stands to reason that once everyone already owns your products, your margins are going to temper a bit.

    And while it's true the company is posting EPS numbers far lower than a year ago and previous to that, Apple's beat on the top and bottom lines today helped investors breathe a big sigh of relief -- after trading down 1.7% in the regular session Tuesday, AAPL shares are up about 5% in the after-market.

    During the (second) Steve Jobs tenure, Apple would absolutely demolish expectations, but that seems a long time ago these days. Modest misses and beats each quarter are pretty much how it's been going lately for the company. But with no new products released in the last couple quarters, stadium-clearing EPS homeruns are no longer so realistic.

    It used to be the veritable centerpiece of earnings season each quarter -- Apple, Inc.'s earnings. Now that torch seems to be passed on to companies like Netflix (NASDAQ:NFLX) which reported yesterday and Facebook (NASDAQ:FB), whose earnings come out tomorrow. But if earnings and revenue beats like the one today are going to help AAPL shares rally back, I'm sure they'll be OK with it.

    By Zacks Investment Research

    Click the Links Below to Review Investing Trading Products and Services You Can Use on Your Android Apple Tablets and Smartphones

    Worden Telechart TC2000 Mobile

    Worden TC2000 Leader in Real-time Stock Charts Market Scans Technical Analysis and Alerts

    Morningstar Mobile Phone Application

    Morningstar Investment Research Mobile Free Trial
    CNNMoney Top Investing App

    eToro Mobile Trader

    New Age Forex Stocks Futures Social Investing Trading with eToro OpenBook


    InstaForex Mobile Trading
    Trade All Markets From One Account. Forex - NYSE CFD's - Gold Silver Copper - Commodities - Futures. Trading platform InstaTrader is the most dynamically developing trading platform based on MetaTrader 4 terminal. Using InstaForex gives you the opportunity to invest trade in 107 currency instruments, 34 NYSE CFD contracts on American shares, and trade Gold Silver Copper.

    On-Going Bonus Deposit for New Customers
    Minimum Deposit $100 Free Bonus $30
    $300 $110
    $800 $200
    $5000 $1000
    $50000 $5000

    ECN or Standard Accounts
    Low Fixed 3 Pip Forex Standard Account Spreads
    Very Low 0.10 Spreads On ECN Accounts
    Earn 6% to 13% Annual Interest Paid Monthly On Your Cash Account

    ZuluTrade Mobile

    ZuluTrade Forex for Mobile
    Autotrade the FOREX market like never before! Let ZuluTrade drive trades by specialists into your FX account For Free. ZuluTrade bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade rapidly and automatically in your account.

    AVATrade Mobile Trading

    AVAFX Mobile Trading

    Bonus Deposit for New Customers
    Minimum Deposit $/€300 Free Bonus $/€75
    $/€1,000 $/€150 to 1,000
    $/€10,000 $/€1,200

    Award Winning Online Forex Trading Platform. Invest Trade Forex Stock Indices Commodities and Metals from One Platform. Fixed spreads. Free advanced online forex trading tools. Dozens of currency pairs and metals. Daily exclusive institutional analysis. 24-Hour trading and support. Trade immediately by credit card, PayPal or WebMoney. Start trading forex with as little as $100. 200:1 leverage. No commissions or fees. Euro or US Dollar trading account. Withdraw instantly with Ava Debit Card.

    TradeKing Mobile
    TradeKing Mobile Trading
    Save An Average Of 56% In Stock Trading Commissions And 52% In Option Trading Commissions When You Switch To TradeKing. At TradeKing, you'll pay just $4.95 per trade, plus 65 cents per option contract - even for broker-assisted trades.

    Firstrade Mobile

    Firstrade Mobile Trading
    Learn About Online Investment Opportunities with Firstrade Securities. 250 Free Trades - Transfer Rebates - Cashback Bonus. 25 years of service. Firstrade is a leading online investment firm offering a full line of investment products and tools designed to help investors take control of their financial future.


    SureTrader Online USA Stock Options Trading Broker Level 1 & 2 Direct Access Quote Data

    For Non USA Persons Only - Mobile Trading Platform

    Forex Signal

    Forex Buy Sell Signals Sent To Your Mobile
    Receive Forex Alerts anywhere, anytime. Available in 200 Countries and 700 Mobile Networks. Forex Trading opportunities are analyzed 24 hours a day. Messages tell you when to buy and when to sell. Follow on your mobile phone or use our Forex signal software.

    Personal Capital

    Personal Capital Wealth Management
    Helping you manage & grow your money. Personal Capital has created a next-generation financial advisor completely personalized around you. Smart money management in the palm of your hand. See all of your money in one secure place. Account balances, transactions, and investment performance. And now send money to anyone with our Universal Checkbook, exclusively for iPhone.

Back To Michael Michaud's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.