More on Apple's FQ3: The company is guiding for FQ4 revenue of $34B and EPS of $7.65, below a...

More on Apple's FQ3: The company is guiding for FQ4 revenue of $34B and EPS of $7.65, below a consensus of $38B and $10.22. iPhone sales miss consensus, iPads beat. Gross margin of 42.8%, down 460 bps Q/Q (due to mix shift towards iPads) and up 120 bps Y/Y.  6.8M iPods sold, -10% Y/Y. Americas revenue +26%, Europe +16%, Japan +33%. Asia-Pac (led by China) +25% Y/Y but -22% Q/Q. Retail +17% Y/Y. $2.65/share dividend declared. CC at 5PM ET (webcast). AAPL -4.9% AH. (PR)

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Comments (17)
  • citizenleung
    , contributor
    Comments (325) | Send Message
    At $570, AAPL's P/E is 13.4. No need to panic.
    24 Jul 2012, 04:52 PM Reply Like
  • SoldHigh
    , contributor
    Comments (991) | Send Message
    Even on slowing growth on a momo stock? The "E" in P/E appears to be getting challenged...
    24 Jul 2012, 04:55 PM Reply Like
  • hx88
    , contributor
    Comments (112) | Send Message
    This is the price, insiders dump shares like no tomorrow last quarter.
    24 Jul 2012, 05:04 PM Reply Like
  • edenkens
    , contributor
    Comments (10) | Send Message
    Stock is heading lower until next quarter - relax for three months and watch this drop to low 500s....
    24 Jul 2012, 06:19 PM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
    Pretty sure that's where it's headed.
    24 Jul 2012, 04:56 PM Reply Like
  • nebrot
    , contributor
    Comments (21) | Send Message
    it was a super quarter, considering that everyone and his mother is waiting for the iphone 5 and the ipad mini...
    if not for the idiot analysts guessing game, apple would have been up 6% instead of down.... after hours trading is notoriously volatile..
    time to buy folks... tomorrow apple will probably go right back to where it was before the numbers came out .... perhaps higher when retail investors realize that this is a irrational knee jerk reaction...
    24 Jul 2012, 05:05 PM Reply Like
  • irish_bob
    , contributor
    Comments (828) | Send Message
    a sizeable number of people dont bother trading after hours , the sell off tommorrow will be even greater , not that a sell off tommorrow will be noticed amongst the broad market fall
    24 Jul 2012, 05:22 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3134) | Send Message
    Shares often move more in a day than that 2.65 dividend. While better than no dividend, this is not a reason people stay invested.
    24 Jul 2012, 05:07 PM Reply Like
    , contributor
    Comments (30) | Send Message
    the "opinions" as to Apple's "expected numbers" are just that.
    Did they just make 8.8 b in the quarter? Up 18% over last years figures without introducing the Iphone5. Look great to me! but the next week will see a big adjustment; then introduction of Iphone5--- we will be of to the races again.
    There is only one company with close to these figures; & they sell & ;product oil (something that no one can live without). At least we have grown to believe that.
    24 Jul 2012, 05:18 PM Reply Like
  • rashton32
    , contributor
    Comments (34) | Send Message
    You know what I just decided? To Hell with those ridiculous Wall Street "ESTIMATES" on earnings and revenue! Since when did the idiots on Wall Street EVER get anything right! Good business is all about developing and selling a quality product that PEOPLE not MORONS want to buy!! I'm damn tired of being 'MANIPULATED" by morons who prey on my fear of retiring on the Government DOLE! I chose to BUY Apple when it was $320.00 a share based on a LOT of research and buying their products! I am still an APPLE buyer, investor and fan! To HELL with Wall Street!
    24 Jul 2012, 05:23 PM Reply Like
  • little italian
    , contributor
    Comments (19) | Send Message
    Apple was Job's creature, without his visionaire attitude, hisguidance and leadership is probably starting to head towards decline
    24 Jul 2012, 06:14 PM Reply Like
    , contributor
    Comment (1) | Send Message
    Just took delivery of my Nexus 7 believe me I have been an Apple Fan for 10 years the Nexus (and all of Google's eco system ) is a serious excellent competitor. Apple have innovated little since Jobs left us, just upgrades to existing hard / software the iPhone 5 / ATV etc better blow our socks off before the competition eat Apples Lunch & Margins...Nok & Rim teaches that not all tech last forever...Google / Nexus just started to nibble away......
    24 Jul 2012, 06:14 PM Reply Like
  • chopchop0
    , contributor
    Comments (5340) | Send Message
    well said RMACM. NOK, RIMM, SNE etc. all had their limelight at one point. AAPLs will not last forever
    24 Jul 2012, 06:27 PM Reply Like
  • thealct
    , contributor
    Comments (196) | Send Message
    Why did Apple guide low Q4. We gave up 580 AH once the guidance was poor that too with iphone5 release. Could it be that carriers are indeed negotiating hard with Apple and the ASP from 625 is coming down. Thoughts
    24 Jul 2012, 09:07 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3134) | Send Message
    One thought would be that the new iPhone launch would be too late in the next quarter to provide enough positive lift in earnings and revenues. However, that would mean the quarter after that would show improvement.
    24 Jul 2012, 09:10 PM Reply Like
  • 2MuchDebt
    , contributor
    Comments (412) | Send Message
    Apple is a great company, but I believe the growth you saw in the past is over. Apple will need to innovate its way to significant growth again and I believe those days are numbered without Steve Jobs at the helm. Providing upgrades to existing products isn't enough. The Apple clan will always buy Apple products until they die, but many others will consider competitors' technology. Decent play at these levels, but I find it funny that a lot of people will probably never say "Sell Apple" or "Apple isn't good at these levels". The stock has traded at a low P/E for a long time. What's holding it back from hitting the 20's, 30's, etc? Companies can be undervalued for a while, but with the coverage Apple gets, why would Apple be significantly undervalued? Be mindful that even the best companies see an end to stardom.
    24 Jul 2012, 09:33 PM Reply Like
  • Snoopy1
    , contributor
    Comments (1127) | Send Message
    So you think AAPL is worth less than 10x 2013 ex-cash?
    24 Jul 2012, 11:11 PM Reply Like
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