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Heading into Apple's (AAPL) April 24 FQ2 report, Gene Munster predicts his favorite company will...

Heading into Apple's (AAPL) April 24 FQ2 report, Gene Munster predicts his favorite company will report it sold 33M iPhones, 12M iPads, and 4.3M Macs during the quarter - consensus forecasts stand at 30.5M, 13M, and 4.4M, respectively. In spite of the conservative iPad forecast, Munster believes demand is healthy, noting "wait times at Apple's online store remain at 1-2 weeks." He also expects an Apple TV set to be announced late this year. (Barclays) (Sterne Agee)
Comments (7)
  • thesuer
    , contributor
    Comments (251) | Send Message
     
    I think Apple will miss estimates due to:
    - lack luster international sales in Germany, where you can walk into any shop and buy the new ipad,
    - Chinese chaos which brought a halt to the sales in China for a week
    - the overheating of the ipads which must have caused die hard apple fans to pause

     

    Looking at a pullback of 7%. 577 USD
    13 Apr 2012, 10:53 AM Reply Like
  • Samson11
    , contributor
    Comments (74) | Send Message
     
    Apple missing earnings? Are you kidding? The company is famous for conservative forecasts... iPads had record sales 3 million sold in the first few days! Apple made sure that enough were available this time. Apple also ensured that availability did not come in the way of brisk sales. So yes, iPad should be available if you wish to buy... also because the older version is available too. May be Apple should turn away the customer and create artificial shortages just to please folks like you and to prove that product is really selling!
    13 Apr 2012, 06:55 PM Reply Like
  • rome123
    , contributor
    Comments (9) | Send Message
     
    i enter apple report with some hesitation ..i will hedge my position with some covered calls ..my guess is a fast quick dip than a long good rise ..670 -680 by end of may
    14 Apr 2012, 11:19 AM Reply Like
  • thesuer
    , contributor
    Comments (251) | Send Message
     
    April 10th - $644.00
    April 13th - $605.00/share
    i.e= 5.4% drop

     

    This is also the first level of support, if Apple does not break this support level good, if it does, then we see 600.75 as next level of support after which 575 (upper GAP), 568 (lower GAP). The major support level is 543.29. It can hit 543.29 before turning around if it meets/misses Q2 estimates or gives a bad outlook. I guess the outlook will be great because everything is going great guns for them. That leaves only the results beating estimates solidly for it to blow up to 623, 636, 644 where it meets resistance.
    16 Apr 2012, 06:16 AM Reply Like
  • thesuer
    , contributor
    Comments (251) | Send Message
     
    Your comment has been published:
    it looks like 577 will happen and then 569, 556 and lastly 543 before any turnaround....if it goes below then time to really prey otherwise if the results are blockbuster we are in the money otherwise 3rd Q buildup will help you to be in the money + dividend.....

     

    My play buy 1/3 @ 577/575 then 1/3 @ 551 and lastly 1/3 @ 543 giving you an average buying price of 557 USD. Actually I am feeling lucky and it would be better to buy nothing @ 577 and buy 1/3@ 568, 1/3 @551 and 1/3 @ 543 giving you an average buying price of USD 554. Happy hunting
    16 Apr 2012, 04:28 PM Reply Like
  • Samson11
    , contributor
    Comments (74) | Send Message
     
    Sell-off is overdone... 5th day. We should see turnaround tomorrow! Who would want to miss a run-up into earnings and big blow-out after earnings? Think strategic.
    16 Apr 2012, 11:43 PM Reply Like
  • thesuer
    , contributor
    Comments (251) | Send Message
     
    I bought @ 579 selling @ 610
    17 Apr 2012, 03:31 PM Reply Like
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