Posted on 10/25/2012 2:37:57 PM PDT by Snuph
And so the behemoth misses... again:
APPLE 4Q EPS $8.67, EST. $8.75 - miss APPLE 4Q SALES $36.0B - slight beat APPLE SOLD 14.0 MILLION IPADS DURING QTR, UNIT EST. 15.3M But the uglyness is in the forecast. And this time it is not a low-ball:
APPLE SEES 1Q EEPS $11.75, , EST. $15.49 APPLE SEES 1Q REV. ABOUT $52B, EST. $55.07B Stock halted so keep an eye on the QQQ as a proxy - QQQs imply AAPL $590 here (200DMA is $587)... AAPL will resume trading at 4:50ET
(Excerpt) Read more at zerohedge.com ...
more and more people are stocking up on food and cutting expenses. iGadgets aren't a must have item when gas, utlilities and food start eating up most of the household budget.
Amazon missed too....markets will be down big tomorrow...
So, people didn’t care for the new iTampon?
and Intel and IBM...
Not always that simple. Both Apple and Amazon V-bottomed, retraced all or nearly all of the loss in AH trading, the Buy-the-Dip mentality still is in control.
I agree with your sentiments, the markets would be down big tomorrow if the market actually reflected earnings prospects and rational investing, but I was a kid when fundamental principles last applied.
No, it’s the prediction. Apple (and others, so it’s not just them) are predicting that nobody’s going to be buying squat this Christmas.
You sure of that?
Retail sales jumped 1.1 percent last month, producing the best two months of sales in two years, the Commerce Department reported Monday.
The consumer is back, said Joel Naroff, chief economist at Naroff Economic Advisors. They are not spending money like it is going out of style, but they are spending at a more normal pace that is consistent with a moderately growing economy.
Note: I am bearish on the economy but for whatever reason the consumer has remained bouyant.
‘’Retail sales jumped 1.1 percent last month, producing the best two months of sales in two years, the Commerce Department reported Monday.’’
This ‘unrevised’ number would have NOTHING to do with the election in 14 days.. Though truth be told, having been out there doing a bit of shopping myself, it could indeed be true. But where I saw no one was major appliances.
“So, people didnt care for the new iTampon?”
Why should they? It is overpriced compared to the Kindle or Nook.
What Apple is experiencing is their products becoming a commodity. Just like desktops, laptops and flat screen TVs have become.
Google/Amazon is a little more complicated. Perhaps more of a reflection on the economy. Plus UPS missed also? They should be a good indicator since it reflects an amount of commerce.
Apple beat expectations but not by much actually.
http://www.engadget.com/2012/10/25/apple-q4-2012-earnings-35-97-billion-in-revenue-8-67-eps/
If obama wins, look out below.
So, $8.67 per share profit and a 28% increase year over year, and zero debt wi $125 billion in the bank is a miss. And projecting sales of $52 billion in the next three months, by the company that is just a niche maker of computers and overpriced gadgets. Wow, what if they made their number. And for iPad mini, of course it is priced more than the Nookie or the Kindle. Those are plastic toys, used by few people, and they are about 40% smaller in size with about 1% if the apps available for the iPad. The iPad will relegate those to the crowd that are still using 10 year old Toshibas running Windows XP and Windows 98 to save money.
Actually, I don't think it does. Too obscure a stat. The one to watch for is the Employment Report on November 2.
Futures finally dumping. You may have been right. Serve’s ‘em.
Amazon is going to be hit hard by the California tax charge. Most Cali’s will buy online from someone else.
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