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Apple Earnings Preview
Here is what the street expects:
- Revenue:$25,020.4
- Operating Income: $7268.8
- EBITDA: $7869.9
- EPS GAAP: $5.87
- EPS: $5.87
The actual results are due out any minute.
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AAPL will beat easily. The number of iPads being digested daily has quintupled since Dudley's speech.
I will confirm this. My intake has at least quintupled. I've never been healthier!
$7.50 on $28B. Strong Buy.
Hope my 2% trailing stop doesn't get blown away in AH.
Ok, so after AAPL posts big profits (thanks to people selling kidneys to buy their products) and this therefore proves we're in a 'v' shaped recovery, and inevitably sends oil back up to $110+ per barrel... how long before we drain the SPR to artificially reduce that price for a day or two?
LOL this is such fun to watch... and i thought UFC was fun ;-)
And they just halted after hours trading... maybe the black swan is in fact a black ipad!
I hope the conference call is better than Steve Wynn's who called the business world an absolute disaster under this administration, which of course had no effect on anything just a 200 point DOW up day.
Why do we even bother paying attention anymore like any of it actually matters.
Street expectation is a little bit higher:
Consensus
EPS $5.85
Rev $24.9 billion
Hard to believe that tech stocks are still the most loved darling stocks, even 12 years after the Nasdaq crashed out and destroyed most people's retirement.
Well people are proven to be dumb animals, always lining up for the next ass kicking, what can you say?
NASDAQ...huh didnt that Ponzi guy Madoff invent that thing? LOL, and its still standing today.
Revenue: $24.72 billion Street consensus ($26.69 billion "amateur" consensus, $26.72 billion "real" expectations (based on prior performance vs. guidance))
EPS: $5.71 Street consensus, $6.72 "amateur" consensus, $7.09 "real" expectations (probably too high)
iPhone shipments: 16.5 million Street consensus (via Piper Jaffray), 17.85 million "amateur" consensus
iPad shipments: 7.8 million Street consensus (via Piper Jaffray), 8.4 million "amateur" consensus
Mac shipments: 4.2 million Street consensus (via Piper Jaffray), 4.3 million "amateur" consensus
iPod shipments: 8.4 million Street consensus (via Piper Jaffray), 8.4 million "amateur" consensus
Revenue guidance: $27.69 billion Street consensus, $28.36 billion Piper Jaffray expectations
EPS guidance: $6.36 Street consensus, $6.42 Piper Jaffray expectations
NQ skyed and popped and fell back
Well that sucks, 'better than expected' though Im sure somehow or other. APPL stock make way for $450!
meanwhile, in FRANKFURT...Germany wisemen...
http://www.entendance.com/forums/viewtopic.php?f=16&t=517&p=18228#p18228
Stocks gonna gap up above 380 and post a big gravestone doji tomorrow. Bring out your dead.
Where does the "street" get their consensus from?
Organic or from the businesses accountants?
By talking to each other. They low ball it every quarter so they can say....wow we had no idea! They blew away our estimates! Buy buy buy!
Exactly.
I can hear the cheers over at Foxconn
That is called a slaughter of earnings..... That's it. I'm removing my tin-foil hat and trusting in my economic overlords again. You guys are doom and gloom nuts. Except of course for the great articles and commentary from zerohedge.
Calling Reggie Middleton, Calling Reggie Middleton!
Apple better start lowering expectations a lot more, because I remember when their "beats" were a lot bigger as a % of every metric, or the global economy and welfare of all nations will have to find another mark by which to measure the progress of mankind.
Apple is certainly nearing the top of their darling status. Nobody can dispute that this is a cash machine and I am typing to you on a Mac and have an iPhone but unless they can begin to monetize their Itunes with video content sales to control the market similar to their iPod revolution they will stagnate.
For 3 years I have said now the next great move for Apple will be to create a home LCD touch screen that allows customers to build a digital content library that is either virtual or stored and can be synced with mac/iphones.
There is so much money to be made with their branding alone in achieving this they need only push. Imagine coming home to your Apple LCD placing your iPhone on top of it to charge and sync while being able to sync your Mac from your coffee table to become your giant monitor while at home. They can eat the lunch of Netflix. Make it a touch screen similar to the revamped MSFT surface and finally millions will begin to embrace digital for visual. Imagine coming home to your stored DVD/Blu Ray library and pulling up any series or film in a second.
Furthermore introduce a device which allows you to scan and store purchased hard copies of DVD and Blu-Ray content and add to your library. How they have not developed this product or being steps toward developing this product is asinine. This confirms my fears that when Jobs is gone this company will lose an important mind for creative innovation and thought.
Essentially most cell phones are becoming replicas of the iPhone and Google is taking market share that is putting Blackberry out of business so this will only harm Apple in the coming years since phones really are as advanced as they will be for the next decade. The next logical step is to improve and innovate on the home display and digital video content which nobody seems to want to attempt.
And remember..Apple is more reliant upon margins no other company sees for their products and is unsustainable as competition and innovation grows while labor costs for materials and Chinese slave labor ends.
i still dont have or need one.
Gonna keep cannibalizing Mr Softy