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Apple (AAPL -1%) is slipping ahead of today's FQ4 report. Sprint disclosed this morning it sold...

Apple (AAPL -1%) is slipping ahead of today's FQ4 report. Sprint disclosed this morning it sold 1.5M iPhones in Q3, even with Q2 - Verizon and AT&T had both reported Q/Q increases in iPhone sales. At this point, U.S. iPhone sales and perhaps also total iPad sales are known quantities. The big wild cards are Europe (pressured by macro issues and Android sales) and China (some macro/Android concerns, but also a place where smartphone demand is strong and Apple's sales have been soaring). The Street will also be paying close attention to any color on supply constraints. (yesterday)
Comments (6)
  • coolshaps
    , contributor
    Comments (48) | Send Message
     
    I'm guessing 26-27million iPhones in the quarter before the refresh. The wildcard might be their revised guidance for full year revenue which will most certainly be up big time.
    25 Oct 2012, 12:27 PM Reply Like
  • gdavidson1731
    , contributor
    Comments (159) | Send Message
     
    So, is it a good buy before the close?
    25 Oct 2012, 12:47 PM Reply Like
  • Sal Marvasti
    , contributor
    Comments (1364) | Send Message
     
    this might answer your question http://seekingalpha.co...
    25 Oct 2012, 01:07 PM Reply Like
  • rocback
    , contributor
    Comments (990) | Send Message
     
    21.5 million Iphones were predicted by an analyst this week for the quarter, well below consensus of 26 million. Ipad sales are predicted at 15.5 million based on Tim Cooks estimate and doing the math, also below consensus of 16 million. Everybody knows this because they are numbers publicly reported. So the market is expecting a big miss. I have never seen such negativity.

     

    EPS of $7.54 is what Apple is predicting and analyst estimates are around $8.50 a share consensus and those have been coming down. I think all this has been in the stock and what caused it to drop 13% in the last few weeks. So, I think unless its a huge miss, the shares will rally. If it misses and drops below $600, it will be because due to supply constraints sales of the Iphone have been pushed into this qurarter and presents a huge buying opp.
    25 Oct 2012, 01:44 PM Reply Like
  • JOHNTBAKERJR
    , contributor
    Comments (59) | Send Message
     
    gdavidson1731: Are you selling tomorrow or 6 months. For sure a good long-term bet, IMO. Long on AAPL. If you're selling tomorrow, then no worse than LasVegas. Odds are similar.
    25 Oct 2012, 02:15 PM Reply Like
  • dmarilley
    , contributor
    Comments (606) | Send Message
     
    Give you 200 million i5s and still overpriced.
    25 Oct 2012, 02:30 PM Reply Like
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