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Almost flat earnings and a disappointing forecast from Apple (AAPL) leave a few casualties in...

Almost flat earnings and a disappointing forecast from Apple (AAPL) leave a few casualties in Japanese trading today: Softbank (SFTBY.PK) - a Japanese carrier of the iPhone - is down 0.9%, Sharp (SHCAY.PK) and Foster Electric - both of which make parts for the phone - dropped 1.5% and 1%, respectively.
Comments (17)
  • GRJ
    , contributor
    Comments (241) | Send Message
     
    Stop with the flat earnings stuff. Up 8%+ based on 14 week compare. GOOG up 4%. 137b in the bank.

     

    This is about cynically manipulated sentiment, not about cash, earnings, prospects..... i.e.: anything that matters. It's the WS rigged game par excellence and the reason that investors are leaving the market in droves.
    23 Jan 2013, 09:16 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (1733) | Send Message
     
    I agree completely! Google earns 10.65 and the stock skyrockets to $741. Apple earns $13.81 and it tanks to $460. They now have $137B in cash and securities, and they grew topline *26.7%* for the adjusted quarter. Profit was a record, and it was up ~8% from last year's adjusted qtr. This is nuts.
    23 Jan 2013, 09:25 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5393) | Send Message
     
    Where is the market current stating that Apple brought in a record $54B in revenue?

     

    It is very clear that they will never beat analyst estimates no matter how many iPhones and iPads that they sell. The bar has been set so high that even a record quarter can't reach it.

     

    While Apple adds billions to their cash horde and sells tens of millions of their product, somehow the stock loses value.

     

    This only makes sense on Wall Street.
    23 Jan 2013, 09:22 PM Reply Like
  • wyostocks
    , contributor
    Comments (7834) | Send Message
     
    Face reality folks. Next stop ca. $425.
    23 Jan 2013, 10:38 PM Reply Like
  • KenNagle
    , contributor
    Comments (289) | Send Message
     
    IMHO the after hours drop is an overreaction from retail that were expecting a blowout quarter. PPS will be up in the morning.
    23 Jan 2013, 09:48 PM Reply Like
  • GRJ
    , contributor
    Comments (241) | Send Message
     
    Ken- You're kidding right?? Make no mistake- WS wants and will take this much lower... for no other reason other than they have finally scared a new layers of LT holders out of their positions.
    23 Jan 2013, 10:03 PM Reply Like
  • Micro Magic
    , contributor
    Comments (60) | Send Message
     
    It will be interesting. Everything I hear and see on overseas stuff is that AAPL is a cash machine and a bargain. Time to jump in. I see alot on the boards like that above about abandoning the markets. I assume traders will push down on the open to shake out those with stops. If it works, it will be a bottomless bloodbath.
    23 Jan 2013, 10:18 PM Reply Like
  • ptnyc
    , contributor
    Comments (49) | Send Message
     
    Logic would suggest that this dive in Apple's price is just overreaction. But I think the smart money is betting (pushing/manipulating?) the price much further down to shake out retail investors. My cynical side sees a drop to $400 before a rise to $600.
    23 Jan 2013, 10:30 PM Reply Like
  • robertcoruna
    , contributor
    Comments (10) | Send Message
     
    no sens what's happening with the stock price. HUMBLE EAGLES i totally agree with you
    23 Jan 2013, 10:44 PM Reply Like
  • Joseph Poma
    , contributor
    Comments (437) | Send Message
     
    I guess this is what Apple gets after sandbagging earnings for so long. Just time to eat their own cooking.
    23 Jan 2013, 10:49 PM Reply Like
  • bjnflicks
    , contributor
    Comments (2248) | Send Message
     
    Shorts jkust ran into a brick wall called a sudden 2% dividend announcent and l;ikely massive buybacks by AAPL starting manana. AAPL's huge cash hoard is current;y earning les than 2% in treasuries etc and they save 2% in two weeks by buying back stock now. Plus eeryone knows how ridiculously cheap AAPl stock is now, even the bears. A PE of only 7 when you account for the cash, and still with 30% growth m ore or less and around 45 billion profit per annum.

     

    Anyolne selling or shorting after hours is going to lose their shorts.
    I predict AAPL will finish tomorrow with almost no loss at all around $505
    23 Jan 2013, 11:02 PM Reply Like
  • bjnflicks
    , contributor
    Comments (2248) | Send Message
     
    Smart money can turn into stupid money very quickly when you're up against someone with 137 billion in cash who finally gets pised off enough to put the cash to work. Apple has let this nonsense selling go on for too long and the 2% dividend announcement proves they are about to get very very active in the markets.
    23 Jan 2013, 11:03 PM Reply Like
  • jasaggie
    , contributor
    Comments (41) | Send Message
     
    What 2% dividend announcement are you referring to?
    24 Jan 2013, 08:27 AM Reply Like
  • scott trader
    , contributor
    Comments (4767) | Send Message
     
    record sales don't seem to mean anything....expectations are out of control..
    24 Jan 2013, 12:02 AM Reply Like
  • faramarz
    , contributor
    Comments (276) | Send Message
     
    The premarket is already up from 463 to 472. After market volume was over 8 million shares well above the usual 0.5 million.
    I think that panic selling is over & the results are going to be analysed correctly.
    24 Jan 2013, 05:13 AM Reply Like
  • wadeyr
    , contributor
    Comments (199) | Send Message
     
    Tim Cook seriously needs to get his act together and bring this company up!
    24 Jan 2013, 05:57 AM Reply Like
  • u01bsb0
    , contributor
    Comments (630) | Send Message
     
    wadeyr - its nothing to do with Tim Cook. He has risen the stock by a higher amount during his time as CEO than what Steve Jobs did.

     

    Apple:
    -beat their own expectations.
    -had a record quarter (with 1 week less in the quarter than last year)
    -profit margin bigger than expected
    -are due to announce a deal with China Mobile soon.

     

    Remember to keep your sanity. Would you sell a stock that is earning record profits at a P/E of around 9.5?

     

    This drop will separate the men from the boys. Its all a game

     

    WS pushes price down. Then the institutions buy off the lay people for ridiculously low price. Once they have loaded up then they make good profits while you miss out as you sold for so cheaply.
    24 Jan 2013, 06:20 AM Reply Like
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