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Apple (AAPL): FQ4 EPS of $8.67 misses by $0.08. Revenue of $36B (+27% Y/Y) beats by $200M. 26.9M...

Apple (AAPL): FQ4 EPS of $8.67 misses by $0.08. Revenue of $36B (+27% Y/Y) beats by $200M. 26.9M iPhones sold, 14M iPads, 5.3M iPods. Shares halted. (PR)
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Comments (119)
  • InvestingInMobile
    , contributor
    Comments (53) | Send Message
     
    Halted, I wonder why
    25 Oct 2012, 04:37 PM Reply Like
  • css1971
    , contributor
    Comments (869) | Send Message
     
    All bubbles burst.

     

    http://bit.ly/Sa4XU9;c=^IXIC&a=v&p...
    25 Oct 2012, 06:02 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4077) | Send Message
     
    Define bubble using a P/E of 9 and 20% growth in the argument. 120 billion dollar air cash? Everything has to slow eventually, but not collapse. Look at bacterial growth curves perhaps. They have a lag, log, and stationary phase. Eventually they go slowly down.
    25 Oct 2012, 10:02 PM Reply Like
  • Ron Myers
    , contributor
    Comments (256) | Send Message
     
    It's all over...
    25 Oct 2012, 04:38 PM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    AAPL officially out of business for good
    25 Oct 2012, 04:39 PM Reply Like
  • banjoman
    , contributor
    Comments (24) | Send Message
     
    Earnings jump 24% and the company is out of business.. LMAO.. You need to go back to school and learn about maths all over again...
    25 Oct 2012, 04:46 PM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    You need to recalibrate your sarcasm detector.
    25 Oct 2012, 04:47 PM Reply Like
  • banjoman
    , contributor
    Comments (24) | Send Message
     
    ok.. got me there champ :-( with so many anti-Apple posters and with what they post it's becoming harder to figure out whether it's sarcasm or a serious post!
    25 Oct 2012, 05:03 PM Reply Like
  • no one really
    , contributor
    Comments (141) | Send Message
     
    iPod sales down _again_. AAPL is DOOOOOMED.
    25 Oct 2012, 05:12 PM Reply Like
  • JayWright
    , contributor
    Comments (89) | Send Message
     
    "You need to recalibrate your sarcasm detector."

     

    LOL! that was a GOOD one!!
    25 Oct 2012, 05:13 PM Reply Like
  • Jshere6000
    , contributor
    Comments (3) | Send Message
     
    Got a great laugh from you. you are so correct, jshere
    25 Oct 2012, 05:27 PM Reply Like
  • macmanud
    , contributor
    Comments (67) | Send Message
     
    Someone needs to invent a sarcasm font
    25 Oct 2012, 05:59 PM Reply Like
  • garyc8710
    , contributor
    Comments (59) | Send Message
     
    I'm glad you responded to that. And you did it in a civilized manner which is more admirable than the way I would have responded.
    25 Oct 2012, 10:30 PM Reply Like
  • Craig Walendziak
    , contributor
    Comments (129) | Send Message
     
    Good quarter.
    25 Oct 2012, 04:40 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    AAPL 5 handle next, then 4... imo
    25 Oct 2012, 04:40 PM Reply Like
  • criticalbear
    , contributor
    Comments (84) | Send Message
     
    tough times, only growign +20% Q/Q, but trading at 11P/E sans cash
    25 Oct 2012, 04:40 PM Reply Like
  • Internal Source
    , contributor
    Comments (313) | Send Message
     
    27mil iPhones is above the street's 24-25mil numbers. Revenue also up. EPS lower than 'expectations'. Mixed bag story.
    25 Oct 2012, 04:41 PM Reply Like
  • banjoman
    , contributor
    Comments (24) | Send Message
     
    0.08 miss is nothing in comparison with the othetr figures that have been published... Wait till XMas and see what that "miss" is... Apple follows it's own guidelines and not the street's ;-)
    25 Oct 2012, 04:49 PM Reply Like
  • Mike Voelk
    , contributor
    Comments (257) | Send Message
     
    I think this should have been predicated by the analysts. They have less crediblity every quarter. Apple is putting more chips in the same $499 bag, how margins continue to be high?
    25 Oct 2012, 06:05 PM Reply Like
  • chopchop0
    , contributor
    Comments (4103) | Send Message
     
    because chip prices keep dropping
    25 Oct 2012, 06:55 PM Reply Like
  • VictorHAustin
    , contributor
    Comments (826) | Send Message
     
    Mike, you'd have to say the analysts nailed it. Couldn't have been much closer

     

    Or did I just drop my sarcasm detector?

     

    Seriously, even accounting for luck, the analysts may have redeemed themselves a bit. Thanks for all the hard work and the sharing.

     

    Next up, iPad mini pre-orders.
    25 Oct 2012, 08:27 PM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1165) | Send Message
     
    Supply constraint on the iPhone and draw-down for the pending iPad line. Pretty much a non-event quarter. The stock had sold off so much going into earnings that there was very little downside risk. Now we get to see where Apple's support is.

     

    The 200-day still looks bullet proof. Basically the September quarter was a ramp quarter for the coming year.

     

    Stay thirsty my friends.
    25 Oct 2012, 10:12 PM Reply Like
  • chopchop0
    , contributor
    Comments (4103) | Send Message
     
    200-day MA was breached wasn't it (614)?
    25 Oct 2012, 10:45 PM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1165) | Send Message
     
    200-day is 585
    25 Oct 2012, 11:01 PM Reply Like
  • User 502794
    , contributor
    Comments (120) | Send Message
     
    hoping it holds a moving average is not a sound strategy
    26 Oct 2012, 04:40 AM Reply Like
  • Hubert Biagi
    , contributor
    Comments (715) | Send Message
     
    QQQs are down about 2%, translates to about 10% for AAPL
    25 Oct 2012, 04:41 PM Reply Like
  • Jeramy41
    , contributor
    Comments (78) | Send Message
     
    I HOPE it goes to 550 - I'll go all in. Gimme a break.
    25 Oct 2012, 04:43 PM Reply Like
  • Origa
    , contributor
    Comments (587) | Send Message
     
    How can this be a miss?
    25 Oct 2012, 04:41 PM Reply Like
  • 2MuchDebt
    , contributor
    Comments (273) | Send Message
     
    FQ4 EPS of $8.67 misses by $0.08. That's how: it's an earnings miss.
    25 Oct 2012, 04:42 PM Reply Like
  • InvestingInMobile
    , contributor
    Comments (53) | Send Message
     
    Technically they beat their promised numbers, but it is below analyst expectations
    25 Oct 2012, 04:43 PM Reply Like
  • InvestingInMobile
    , contributor
    Comments (53) | Send Message
     
    Silly to sell, if it drops, it is an opportunity for a buy
    25 Oct 2012, 04:42 PM Reply Like
  • chrisbrenner
    , contributor
    Comments (14) | Send Message
     
    Guidance will mean everything. If that is good, and this price goes down on the miss, I'm loading up.
    25 Oct 2012, 04:43 PM Reply Like
  • VictorHAustin
    , contributor
    Comments (826) | Send Message
     
    We're all going to have to digest guidance. Not great, but Apple can surprise in 1Q.
    25 Oct 2012, 08:29 PM Reply Like
  • tiger8896
    , contributor
    Comments (654) | Send Message
     
    Well I would say they met expectations despite a small miss but that guidance for Q1. I know they are typically conservative but this guidance of ~$11.75 vs. $15.53 Capital IQ Consensus Estimate. It will be interesting to see how the stock trades, Amazon had an earnings and revenue miss and it's only down 4 bucks in AH.
    25 Oct 2012, 04:44 PM Reply Like
  • pirota
    , contributor
    Comments (150) | Send Message
     
    It's good because Samsung sold 2 times more smartphones than Apple and to be very true Apple is day by day loosing it's pace in the fight for position of king of smartphone market
    25 Oct 2012, 04:45 PM Reply Like
  • VictorHAustin
    , contributor
    Comments (826) | Send Message
     
    I never heard Apple say they were looking to be king. Just make great products and give strong shareholder return.
    25 Oct 2012, 08:30 PM Reply Like
  • Piero A.
    , contributor
    Comments (336) | Send Message
     
    Samsung has to make phones for those that can't afford an iphone...apparently the ratio is 2/3. Thanks for letting us all know. Considering this factoid, how much more profit does Samsung make with double the phone sales?
    26 Oct 2012, 02:32 AM Reply Like
  • Ernie7
    , contributor
    Comments (44) | Send Message
     
    quality over quantity
    26 Oct 2012, 10:24 AM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    Hah, "quality over quantity." No, quantity of dollars is all that matters. Try telling NOK that their extremely well-reviewed phones make them number one.
    26 Oct 2012, 10:32 AM Reply Like
  • pagreen1966
    , contributor
    Comments (652) | Send Message
     
    Currently watching the analysis on bloomberg and it appears that Eps is higher than company estimates but lower than analyst estimates. So where is the miss?
    25 Oct 2012, 04:45 PM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    Here come the AAPL apologists turning a small miss into a beat.
    25 Oct 2012, 04:46 PM Reply Like
  • 2MuchDebt
    , contributor
    Comments (273) | Send Message
     
    Don't forget the unending calls that the stock is significantly undervalued and any decline is a buying opportunity.
    25 Oct 2012, 04:49 PM Reply Like
  • John1138
    , contributor
    Comments (161) | Send Message
     
    Well there are also the people that can do arithmetic and see a difference of 0.0092 for what it is. Noise.

     

    "Small miss" indeed.
    25 Oct 2012, 04:50 PM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    What percent did the guidance miss by, John?
    25 Oct 2012, 04:55 PM Reply Like
  • 2MuchDebt
    , contributor
    Comments (273) | Send Message
     
    Earnings and the accompanying commentary tell a story. Nothing is noise. Being successful in the stock market is not about doing arithmetic after the fact. If that's your strategy in this market, good luck because you've already lost out on the gains/opportunities.
    25 Oct 2012, 04:58 PM Reply Like
  • John1138
    , contributor
    Comments (161) | Send Message
     
    "FQ4 EPS of $8.67 misses by $0.08."

     

    Well. In percent, multiply the 0.0092 by 100=== 0.92 percent

     

    0.08 divided by 8.67 then times 100 for percent.

     

    Perhaps I should have used 8.75, then the "small" is even smaller....
    25 Oct 2012, 05:25 PM Reply Like
  • John1138
    , contributor
    Comments (161) | Send Message
     
    Such a difference, 0.92%, is within the "noise" of sampling, given consensus numbers are samples of opinions I saw the statistical metaphor as appropriate in commenting on the "small miss" of EPS. The "miss" being discussed was specifically a "miss" of arithmetic after the fact. That moving target of consensus estimates (I wonder how the recent compared to the originals?) versus the reported number. Which, of course, must by it's very nature be "after the fact" as the previous quarter number has to be retrospective for those of us mere mortals that lack access to a time machine at any rate.
    25 Oct 2012, 06:05 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4077) | Send Message
     
    AAPL often guides low. Nothing new. Analysts and no one really takes AAPL guidance very serious.
    25 Oct 2012, 10:04 PM Reply Like
  • Ted Bear
    , contributor
    Comments (651) | Send Message
     
    Guidance was horrible......

     

    Now new products, just bells and whistles on existing stuff.

     

    That's how the growth slows, and the stock gets pummeled.

     

    The reopening is going to be entertaining....guaran... some retail geek will get clipped for at least $50/share by making a panic sale
    25 Oct 2012, 04:46 PM Reply Like
  • InvestingInMobile
    , contributor
    Comments (53) | Send Message
     
    Buckle your seat belts, here we go...
    25 Oct 2012, 04:49 PM Reply Like
  • InvestingInMobile
    , contributor
    Comments (53) | Send Message
     
    Looks like it only went as low as $585.10. I had expected a bigger drop.
    25 Oct 2012, 04:53 PM Reply Like
  • Craig Walendziak
    , contributor
    Comments (129) | Send Message
     
    There guidance is ALWAYS horrible, Anyone who bets against a huge Q1 doesnt like money.
    25 Oct 2012, 04:48 PM Reply Like
  • Lance Finke
    , contributor
    Comments (113) | Send Message
     
    Guidence is $11.45 vs. $14.53. Revenue guidence is $52b vs. $55b; there's the margin compression. I'll be a buyer on dip in the morning.

     

    Conservative EPS guidence probably due to lower Ipad Mini margins and contribution to the bottom line.
    25 Oct 2012, 04:48 PM Reply Like
  • Vipertom
    , contributor
    Comments (169) | Send Message
     
    Just think of the margin compression if they priced the iPad Mini at $299 or $249 that the "know it alls" wanted?

     

    An $.08 miss on what could have been a horrible quarter (customers waiting for the iPhone 5 and the iPad Mini, thereby deferring sales, not to mention the ongoing production difficulties), I feel is a plus. Am concerned about the guidance for Qtr 1, though.
    26 Oct 2012, 01:11 AM Reply Like
  • banjoman
    , contributor
    Comments (24) | Send Message
     
    Sold 26.9 million iPhones in the quarter, representing 58 percent unit growth over the year-ago quarter.
    Sold 14.0 million iPads during the quarter, a 26 percent unit increase over the year-ago quarter.
    Sold 4.9 million Macs during the quarter, a 1 percent unit increase over the year-ago quarter.
    Sold 5.3 million iPods, a 19 percent unit decline from the year-ago quarter.

     

    iPhones and iPads are beating the crap out of analysts estimates... So why don't take these into account and the 24% increase in sales ;-) iPods will be phased out eventually since you can have evertying you have in iPod can have any of the other Apple devices..... This is a serious buying opportunity... The analysts can get in now <LOL>
    25 Oct 2012, 04:56 PM Reply Like
  • rocback
    , contributor
    Comments (1158) | Send Message
     
    The most important figure was the large beat in I phones sales of almost 27 million. One analyst was predicting 21.5 million. Considering the suuply constraints were holding I phone sales back, this is a very good number. Also, Apple beat top line estimates as well. The .08 miss on earnings is hardly worth mentioning. Good report I would say. Frankly I breathed a sigh of relief with all the negative predictions and dire warnings about lower I phones.
    25 Oct 2012, 04:58 PM Reply Like
  • InvestingInMobile
    , contributor
    Comments (53) | Send Message
     
    I hate the "hold music" on this conference call...
    25 Oct 2012, 04:59 PM Reply Like
  • coolshaps
    , contributor
    Comments (47) | Send Message
     
    I was right, 26-27 million iPhones sold.
    25 Oct 2012, 04:59 PM Reply Like
  • Craig Walendziak
    , contributor
    Comments (129) | Send Message
     
    Bottom line, the DOOMSDAY that was priced into this stock for the last month has just been kicked in the balls. Great quarter. Setting up for Q1 which will be a MONSTER. This is WAY undervalued.
    25 Oct 2012, 04:59 PM Reply Like
  • JohnnyHands
    , contributor
    Comments (47) | Send Message
     
    One thing to keep in mind for FQ1, mentioned in the conference call, is FQ1 last year had 14 weeks in it, but this current quarter only has 13 weeks. That's about 7.1% less time to earn revenue.
    25 Oct 2012, 05:45 PM Reply Like
  • Djparry19
    , contributor
    Comments (34) | Send Message
     
    Second that.
    25 Oct 2012, 06:27 PM Reply Like
  • milehr
    , contributor
    Comments (539) | Send Message
     
    Considering the problems with iPhone supply, the results are very good. Revenue increase is even more important. You can tweak profits, but not revenues.
    25 Oct 2012, 05:00 PM Reply Like
  • banjoman
    , contributor
    Comments (24) | Send Message
     
    Look at the rubbish posted on Marketwatch... "Apple shares resume trading, fall 3%".. As I said, analysts are scumbags... trying to make money as always.. The government should go after these goons as they do after those who does insider trading see how many of them will be locked up behind bars for spreading around the "brown" stuff..
    25 Oct 2012, 05:00 PM Reply Like
  • dmarilley
    , contributor
    Comments (616) | Send Message
     
    I'm a seller at 611
    25 Oct 2012, 05:01 PM Reply Like
  • InvestingInMobile
    , contributor
    Comments (53) | Send Message
     
    did you sell?
    25 Oct 2012, 05:28 PM Reply Like
  • dmarilley
    , contributor
    Comments (616) | Send Message
     
    This stock is so technical it should be in the textbooks.
    25 Oct 2012, 05:03 PM Reply Like
  • dmarilley
    , contributor
    Comments (616) | Send Message
     
    Classic doomsday Elliot Wave pattern
    25 Oct 2012, 05:05 PM Reply Like
  • aardvark3
    , contributor
    Comments (563) | Send Message
     
    Chill and ride it back to 700 in January folks.
    25 Oct 2012, 05:18 PM Reply Like
  • Financehulligan
    , contributor
    Comments (1079) | Send Message
     
    or 70?
    25 Oct 2012, 05:43 PM Reply Like
  • User 502794
    , contributor
    Comments (120) | Send Message
     
    chill? what is the plan if it starts leaking below 585 along with a general slide in the overall market which is now looking increasingly likely? just buy more, right?
    26 Oct 2012, 04:46 AM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    Yes, actually.
    26 Oct 2012, 09:30 AM Reply Like
  • mmetcalf1
    , contributor
    Comment (1) | Send Message
     
    Wonder what they'll do with that 162+ billion in cash.
    25 Oct 2012, 05:25 PM Reply Like
  • JohnnyHands
    , contributor
    Comments (47) | Send Message
     
    I thought it was 121 billion.
    25 Oct 2012, 05:47 PM Reply Like
  • genomad
    , contributor
    Comments (154) | Send Message
     
    These numbers are amazing for a company with no debt, fast growth, a mega cap, and a PE of only 14, how is it a miss?

     

    I need to stop investing in successful, profitable companies. Evidently the market hates them.

     

    Apple will be trading at 1x cash on hand, in a year while still growing 30% per year.

     

    Also who sets these expectations?
    25 Oct 2012, 05:41 PM Reply Like
  • Piero A.
    , contributor
    Comments (336) | Send Message
     
    People we are at trailing earnings of 44.16. The stock is currently trading at a PE of 13.7. Forget about the analyist expectations now...that is over. The market is always looking forward. Company guidence is conservative cuz we have stupid analyists over shooting...Guess what...it happens for a reason. Learn the game...buy the stock tomo cuz its not staying at this level. The best performing company in tech on a major sale
    25 Oct 2012, 05:59 PM Reply Like
  • Tusc
    , contributor
    Comments (327) | Send Message
     
    As someone said, whatever their guidance , that will not be the number.In a climate of declining macros, the sand bagging is understandable. Yet it may be relevant to investors to pay heed.There is lots going in the world that could be important to the subsequent quarters. I for one, remain cautious. Plan to sell options to collect premium.
    25 Oct 2012, 06:00 PM Reply Like
  • gibor365
    , contributor
    Comments (234) | Send Message
     
    I wouldn't be surprised if on tomorrow AAPL finishes in green.
    btw, no dividend announcment?
    25 Oct 2012, 06:01 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4221) | Send Message
     
    I'm waiting for the implantable iBrain. It will be a micro device utilizing nano technology and will be injected into the retina. It will feature a true retina display and will do everything the iPhone 10 will do, but it will be controlled by your thoughts.
    25 Oct 2012, 06:05 PM Reply Like
  • Querent
    , contributor
    Comments (50) | Send Message
     
    That would be the perfect thing to give as a gift to any conservaboobs you (and I) may know.
    25 Oct 2012, 09:13 PM Reply Like
  • Carolina1954
    , contributor
    Comments (242) | Send Message
     
    Give one to Obama. Then he would be able to think without a teleprompter.
    26 Oct 2012, 03:10 AM Reply Like
  • D_Virginia
    , contributor
    Comments (2277) | Send Message
     
    People are just mad because their iPad 3's are outdated already. :-)

     

    http://bit.ly/Pu5xwN
    25 Oct 2012, 06:10 PM Reply Like
  • Interesting Times
    , contributor
    Comments (149) | Send Message
     
    Folks

     

    This is just a start to another leg of this ongoing Recession. Many companies will miss their marks...But read this as this should concern all of you!!

     

    http://bit.ly/TEcA7s
    25 Oct 2012, 06:38 PM Reply Like
  • coolshaps
    , contributor
    Comments (47) | Send Message
     
    Alex Jones is great - but let's not post InfoWars material on this website. A little off topic.
    25 Oct 2012, 08:37 PM Reply Like
  • jeanewight
    , contributor
    Comments (347) | Send Message
     
    Interesting Times: I read it, and that is truly scary.
    26 Oct 2012, 01:09 AM Reply Like
  • raincity
    , contributor
    Comments (233) | Send Message
     
    snuck in an AH purchase of $586.50. Love profiting off the over-reactionary crowd.
    25 Oct 2012, 06:57 PM Reply Like
  • coolshaps
    , contributor
    Comments (47) | Send Message
     
    How do you make transactions AH?
    25 Oct 2012, 08:37 PM Reply Like
  • raincity
    , contributor
    Comments (233) | Send Message
     
    I have scottrade. But in their system you can input an ah trade starting at 1:02pt that will be executed during that session until 5pm pt. I'm sure other brokerage co's offer similar controls.
    26 Oct 2012, 02:22 AM Reply Like
  • Ben Bernankes friend
    , contributor
    Comments (473) | Send Message
     
    AAPL's earning have fallen by a full dollar on EPS every quarter for the last year. I don't care how you apple bugs spin that, but that is terrible.
    25 Oct 2012, 07:05 PM Reply Like
  • D.Rapp
    , contributor
    Comments (150) | Send Message
     
    They beat on revenue estimates which is more important than bottom line growth. This company is going into the Holiday Qtr. with their best product line ever. Many (including myself) were worried about weak iPhone sales and they hit it out of the park.
    25 Oct 2012, 07:43 PM Reply Like
  • zulu.andre
    , contributor
    Comments (13) | Send Message
     
    OMG, all those self-styled gurus and mavens, rushing like lemmings toward their lofty forecasts, knowing not the intricacy of corporate planning and marketing warfare, least of all the dynamics of market forces and the consequences of a thinning product pipeline, penning their guesswork like the truth that never was, and flaunting their misconceived notions to an audience of sheep.

     

    In 'The Critic As Artist', Oscar Wilde once wrote that 'The method by which the fool arrives at his folly was as dear to him as the ultimate wisdom of the wise.'

     

    Since the Wise One passed, the writing has been on the wall and the conduits echo with the hollow sound of silence. <>
    25 Oct 2012, 07:45 PM Reply Like
  • Hillbilly Stock Star
    , contributor
    Comments (745) | Send Message
     
    Look at the CHINA numbers!
    25 Oct 2012, 07:50 PM Reply Like
  • D.Rapp
    , contributor
    Comments (150) | Send Message
     
    Hey Zulu, you're clueless. " A thinning product line"? Really? Apple has never had more products going into a Holiday Season which by the way were replenished this week. The iPad mini will allow Apple to maintain and grow its market share in the tablet market. The iPhone will be selling in approximately 100 countries. Your lofty prose is a disguise for your lack of knowledge about Apple.
    25 Oct 2012, 07:57 PM Reply Like
  • Momintn
    , contributor
    Comments (5007) | Send Message
     
    Pretty good earnings report and Christmas is coming. If you want to own Apple, you should.
    25 Oct 2012, 09:16 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4077) | Send Message
     
    Missed buying the dip.......arghhhhhhhhhhh.
    25 Oct 2012, 09:43 PM Reply Like
  • User 502794
    , contributor
    Comments (120) | Send Message
     
    no you didn't...hold that thought
    26 Oct 2012, 04:49 AM Reply Like
  • sduris
    , contributor
    Comments (576) | Send Message
     
    What happened today was a little speed bump. Keep the course, AAPL. Let your strategy be your guide. Act. Don't React. All is well. Long AAPL.
    25 Oct 2012, 09:56 PM Reply Like
  • Danny1929
    , contributor
    Comments (118) | Send Message
     
    Why in the world are analyst opinions of any consequence when they are operating with incomplete information? They aren't able to predict the future, they aren't given a company's earnings or sales in real time, and they certainly aren't unbiased. So, when a company has a 24% earnings growth and is considered a miss that sparks a sell off panic, you know something is wrong with the system.
    25 Oct 2012, 10:09 PM Reply Like
  • InvestingInMobile
    , contributor
    Comments (53) | Send Message
     
    many of the funds purchase based on analyst projections over company projections. Typically the market is pricing in those expectations, so adjustments to those expectations can lead to adjustments in stock value and pricing.
    26 Oct 2012, 01:48 AM Reply Like
  • Danny1929
    , contributor
    Comments (118) | Send Message
     
    True, but those analyst expectations are inherently flawed in the first place. If the stock was pricing according to a company's own projections, that would be more reasonable. What I would like to see is a long term comparison of sell-side expectations to company guidance and see which one is more accurate over time. Is the analyst expectation closer to the final report, or is the company's guidance? Then we could put the argument to rest, and hopefully the market would choose the more reliable figures, at least based on past accuracy.
    26 Oct 2012, 09:50 AM Reply Like
  • chrisbrenner
    , contributor
    Comments (14) | Send Message
     
    Danny,
    There are a number of analyses like this out there. When you consider the "buffer" Apple always provides itself, they are more accurate.

     

    http://bit.ly/uvSKyY
    26 Oct 2012, 09:58 AM Reply Like
  • InvestingInMobile
    , contributor
    Comments (53) | Send Message
     
    It varies company to company. In this specific quarterly report for this specific company, the analysts were closer.
    26 Oct 2012, 10:00 AM Reply Like
  • chisjct
    , contributor
    Comment (1) | Send Message
     
    If this was such a good report, why the price dip on the after hours market? Anyone care to comment?
    25 Oct 2012, 10:09 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4077) | Send Message
     
    It is flat now.
    25 Oct 2012, 10:11 PM Reply Like
  • Misho ILIEV
    , contributor
    Comments (619) | Send Message
     
    The market does not consider these to be good results basically because Apple is so huge that further growth is considered very uncertain and because Apple is operating in a highly competitive environment where its preeminence is not assured.

     

    Assuming no further growth in the earnings,why would you pay 10x the earnings if 5 years from how Apple could potentially be pushed to the sidelines. The reason why investors are willing to pay 14x the earnings is the incredibly fast growth of earnings. Now growth is decelerating and that worries analysts. Again, this is a very competitive market and Apple is too huge. History is also a guidance that it is very hard for companies in that situation to keep up growth. And there is a threat that Apple could start declining in a couple of years.

     

    Therefore Apple must convince investors that the return will be so huge that within 4-5 years (any time beyond that is completely unknowable in this industry) the money they lay today will be "back in their pocket". Declining earnings growth and profit margin are not conductive to convincing that this could happen.

     

    Hence the lack of enthusiasm to these otherwise excellent results.
    26 Oct 2012, 04:18 AM Reply Like
  • InvestingInMobile
    , contributor
    Comments (53) | Send Message
     
    Untapped markets of television, automobiles and other smart devices make it a potential win win win for everyone involved. Just wait until they begin selling Apple branded black turtle necks!
    26 Oct 2012, 10:03 AM Reply Like
  • Ernie7
    , contributor
    Comments (44) | Send Message
     
    ''''''The reason why investors are willing to pay 14x the earnings is the incredibly fast growth of earnings''''''

     

    But people buy S&P 500 index funds everyday. That has a higher multiple, smaller growth, more normalized debt, and far less normalized cash flow.

     

    Maybe it's just a big per-share number that makes some investors feel that AAPL is a "bubble".
    26 Oct 2012, 10:44 AM Reply Like
  • Piero A.
    , contributor
    Comments (336) | Send Message
     
    It is the per share unit value and number of share outstanding which creates volatility. I prey everyday for a split. A split alone would stop a lot of the hater comments. They can still keep a high per share value with a 4:1 split. Cook ask Buffet for advise on this.
    26 Oct 2012, 06:13 PM Reply Like
  • MOseeU
    , contributor
    Comments (9) | Send Message
     
    Numbers overall look pretty good! I know most companies will be wishful and/or envious of Apple's performance. Next quarter report after the holidays will be awesome.
    Oh yes, one number that stood up and did not look good was missing the est. target by$0.08....maybe if the analyst knew how to est. better!? Oh well they have a hidden agenda!
    25 Oct 2012, 10:42 PM Reply Like
  • chopchop0
    , contributor
    Comments (4103) | Send Message
     
    Well, at least samsung is beating analysts expectations....

     

    http://buswk.co/SaVP1F
    25 Oct 2012, 10:48 PM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1165) | Send Message
     
    A small beat on revenue and a small miss on earnings. They refreshed all of their products in the last 2 quarters. Now they're loaded up for FY13. iPhone5 hasn't even been introduced in most countries (including China) yet. They still sold 27 million phones when everyone knew that the iPhone 5 was on the way and only introduced in the last 9 days of the quarter.

     

    I'm not sure what the Apple bashers are gloating about. A year ago at this time the stock was trading at $396.
    25 Oct 2012, 11:06 PM Reply Like
  • juliavona
    , contributor
    Comment (1) | Send Message
     
    I've noted references to lows today of $585 and $586.50, but Thinkorswim showed a low today of just $605.55. Am I missing something?
    25 Oct 2012, 11:07 PM Reply Like
  • chopchop0
    , contributor
    Comments (4103) | Send Message
     
    It traded at 586 AH
    25 Oct 2012, 11:25 PM Reply Like
  • catalina23
    , contributor
    Comments (3) | Send Message
     
    below $600 was ONLY afterhours, about 5pm NYT
    not during the normal trading day today
    we will see tomorrow what will be the market reaction
    from here to NOV 6 will be choppy .... 585 to 615 ....
    26 Oct 2012, 02:42 AM Reply Like
  • Momintn
    , contributor
    Comments (5007) | Send Message
     
    You can make more money by buying stocks that have dropped during earnings season than buying stocks that have already run up.
    Now is the time to be buying IBM, AAPL, MSFT, INTC etc... if you are a long term investor. Buy them on dips when they are out of favor.
    26 Oct 2012, 08:38 AM Reply Like
  • Ernie7
    , contributor
    Comments (44) | Send Message
     
    I wonder how much Warren Buffet, B. Graham, and Peter Lynch cared about little earnings beats/misses...

     

    Seems like a really short term view of things. If you just look at all the long term fundamentals and ignore the noise, things look pretty darn good.

     

    Earnings beats/misses just seem like an excuse to create short term volatility. In the long run, growth in earnings will win out, analyst opinions won't matter, and long term holders will be rewards VERY well.
    26 Oct 2012, 10:50 AM Reply Like
  • Momintn
    , contributor
    Comments (5007) | Send Message
     
    Do not let the media scare you out of your stock. Keep in mind that they make money using leverage by placing bets. You do not have to help them make their bets work. When they tell you to not add to your shares or to sell your stock, they are not helping you. They are helping themselves. AAPL is in many mutual funds and ETFs. This will provide a floor to the stock. And there are generations of young people who want to own AAPL stock. Do not trade after hours either unless you are an experienced trader. The wide swings are when the market is closed. And I do not even know where those trades are happening, which would be an interesting find.
    27 Oct 2012, 10:33 AM Reply Like
  • jeanewight
    , contributor
    Comments (347) | Send Message
     
    I bought my Aapl stock when it was $400 and less, so at $600+.right now it is still profitable. I do not intend to sell it - no way!
    27 Oct 2012, 12:23 PM Reply Like
  • Momintn
    , contributor
    Comments (5007) | Send Message
     
    The pundits are trying to determine who is buying it here. Another question might be who is selling it here.
    27 Oct 2012, 12:28 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4077) | Send Message
     
    I bought. I doubled my position. Have shares from 360, 450, 520, and now 600.
    27 Oct 2012, 07:00 PM Reply Like
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