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Apple Disappoints

Tyler Durden's picture


And so the behemoth misses... again:

  • APPLE 4Q EPS $8.67, EST. $8.75 - miss
  • APPLE 4Q SALES $36.0B - slight beat

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


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Thu, 10/25/2012 - 16:34 | 2919613 VulpisVulpis
VulpisVulpis's picture

The times, they are a changin'

Thu, 10/25/2012 - 16:41 | 2919634 idea_hamster
idea_hamster's picture

"keep an eye on the QQQ as a proxy"

Faces:  ripped.

Ballsacks:  kicked.

Muppets:  fucked.

Sheep: fleeced.

Fish:  boned.

Same story, different ticker....

Thu, 10/25/2012 - 16:41 | 2919652 mick68
mick68's picture

What is this thing called reality?

Thu, 10/25/2012 - 16:42 | 2919659 flacon
flacon's picture

Oh this is too good! QQQ motherfather! Burn baby!

Thu, 10/25/2012 - 17:11 | 2919812 camaro68ss
camaro68ss's picture

Apple is so over rated!

tomorrow is going to be a blast.

Thu, 10/25/2012 - 16:52 | 2919710 a growing concern
a growing concern's picture

The Q
The Q
The Q is on fire
We don't need no AAPL, let the motherfucker burn!

Thu, 10/25/2012 - 16:55 | 2919737 cocoablini
cocoablini's picture

Paging Reggie Middleton. Paging Mr. Middleton. Your check is ready...

Thu, 10/25/2012 - 17:12 | 2919818 camaro68ss
camaro68ss's picture

I like reggies work but the whole apple long pick was and is a bad idea.

Thu, 10/25/2012 - 16:42 | 2919655 Mark Carney
Mark Carney's picture

-Apple Disapoints


This cannot happen, somebody do something!!!!! BERNAKE!!!! Pick up the damn red phone!

Thu, 10/25/2012 - 16:43 | 2919665 Orly
Orly's picture

Now get in there and turn those machines back on!

Thu, 10/25/2012 - 16:54 | 2919727 spastic_colon
spastic_colon's picture

wonder how many shares of AAPL and AMZN the fed will own after tonight?

Thu, 10/25/2012 - 16:43 | 2919661 TruthInSunshine
TruthInSunshine's picture

Shit's gettin' real at the Apple Store & Whole Foods parking lots:

Whole Foods Parking Lot - Music Video [HD]
Thu, 10/25/2012 - 16:44 | 2919668 kliguy38
kliguy38's picture

Don't even bother.......they'll paint that tape green for the election

Thu, 10/25/2012 - 16:41 | 2919654 CPL
CPL's picture

No they aren't.


The morons are buying it up again.  Here have some more rope, nothing bad could possibly happen.

Thu, 10/25/2012 - 16:46 | 2919676 Skateboarder
Skateboarder's picture

All y'all shoulda listened to Reggie when he was finally right. Those who shorted at $690 gonna jump for jah. I expect AAPL to trade below YTD DMA of $581 shortly.

Thu, 10/25/2012 - 17:36 | 2919909 BurningFuld
BurningFuld's picture

Did you know Apple has almost NO, NONE, ZERO, tangible assets relative to its stock value?


Just askin'!

Thu, 10/25/2012 - 16:43 | 2919660 FL_Conservative
FL_Conservative's picture

S&P now under 1400.  Yee-hawwwwwwwwwww!

Thu, 10/25/2012 - 20:11 | 2920248 Buck Johnson
Buck Johnson's picture

Reality is hitting these company in regard to the real economy.  People don't have the money anymore also the price of resources have gone up.

Thu, 10/25/2012 - 16:35 | 2919617 cygamaczer
cygamaczer's picture

Is the Dutch Tulip Bubble an acceptable comparison?


Thu, 10/25/2012 - 16:39 | 2919645 CPL
CPL's picture

Tulips you can use over and over again.


iPads not so much.  Has anyone had an apple device where the battery wasn't garbage after a year? 

Thu, 10/25/2012 - 16:45 | 2919675 malikai
malikai's picture

My wife's still got her iphone3. Still works fine.

I had to replace my mbp 5.1 battery about a year ago.

They make good stuff. But they're just too big.

The mighty must fall. When they don't is when the problems happen.

Thu, 10/25/2012 - 16:57 | 2919752 spastic_colon
spastic_colon's picture

PS - do not ever use a car charger, they ruin all batteries, only use the home chargers

Thu, 10/25/2012 - 21:05 | 2920344 mt paul
mt paul's picture

3 yr old mac book pro

great battery life

no problems...

Thu, 10/25/2012 - 16:35 | 2919618 RaymondKHessel
RaymondKHessel's picture

Ordering my iPad 4 and iPad mini NOW. It's our job as PATRIOTIC Americans to make this stock go to $1000 !!!! Utlimately passing the price of GOLD.

Thu, 10/25/2012 - 16:36 | 2919619 Shizzmoney
Shizzmoney's picture

Please fucking crash.  Give these corporate assholes what they deserve.

Life is a big game a tag and someday - they gonna be it, motherfucker.

Thu, 10/25/2012 - 16:36 | 2919621 The trend is yo...
The trend is your friend's picture

"get to work mr chairman"

Thu, 10/25/2012 - 16:47 | 2919685 TruthInSunshine
TruthInSunshine's picture

 You forgot to sign off -


Charles "Fuck Flyover Country" Schumer (D-NY)

Thu, 10/25/2012 - 16:37 | 2919623 Dr. Engali
Dr. Engali's picture

Listen to the clowns on CNBC fall all over themselves defending Apple.

Thu, 10/25/2012 - 16:38 | 2919633 SHEEPFUKKER

I love it when they say a big disappointment but mostly expected.  WTF?

Thu, 10/25/2012 - 19:51 | 2920205 Bay of Pigs
Bay of Pigs's picture

"priced in" or "transitory"?

Thu, 10/25/2012 - 16:37 | 2919625 Orly
Orly's picture

There goes tha Euro!

Watch him as he goes...

There goes tha Euro,

AAPLs ordinary!


S'wot happens when you're priced to perfection.


Thu, 10/25/2012 - 16:37 | 2919626 malikai
malikai's picture

Ouch! That's gonna hurt.

Thu, 10/25/2012 - 16:42 | 2919657 Winston Churchill
Winston Churchill's picture


Thu, 10/25/2012 - 16:38 | 2919628 slaughterer
slaughterer's picture

ES should be below 1400 all night long because of this.

Disclosure: long AMZN, short AAPL.

Thu, 10/25/2012 - 16:46 | 2919677 Conman
Conman's picture

Sorry Bud i guess my pairs trade is directly contrary to yours. As soon as the state sales tax hits, sales going to go into the crapper. Only reason i still buy from amazon is to avoid sales tax.

Thu, 10/25/2012 - 16:55 | 2919734 a growing concern
a growing concern's picture

Is the sales tax change up soon?

Thu, 10/25/2012 - 17:57 | 2919953 Water Is Wet
Water Is Wet's picture

Already happened in July in Texas.  The dates are staggered by state.

Thu, 10/25/2012 - 16:39 | 2919629 TruthInSunshine
TruthInSunshine's picture

Emergency FOMC meeting convened by Bernank/Dudley just concluded; Apple will be granted Primary Dealer status by the Fed, and can also now exchange surplus iPads in at par value for Treasuries of any duration.

iPads and Kindle Fires are also now legal currency for all debt, public or private.

That is all.

---End Transmission--

Thu, 10/25/2012 - 16:37 | 2919630 LongSoupLine
LongSoupLine's picture

fucking great!  Die all you overpriced pieces of shit.


disclosure: i am not short, just sick of it.  reset the fuck out of it all.

Thu, 10/25/2012 - 16:38 | 2919636 Comay Mierda
Comay Mierda's picture

been scanning charts all day, red alerts everywhere. SPX looks pre crash based on monthly oscillator divergences

Thu, 10/25/2012 - 16:38 | 2919640 FuzzyDunlop21
FuzzyDunlop21's picture

fuck all this halting bullshit

Thu, 10/25/2012 - 16:41 | 2919653 Dr. Engali
Dr. Engali's picture

They have to recalibrate the robots for Apple and Amazon.

Thu, 10/25/2012 - 16:45 | 2919643 VonManstein
VonManstein's picture

NQ not too happy about this. infact apple moves all markets, amazing when you think about it.. they only make fucking phones.

and the hedge fund exit strategy is...

Thu, 10/25/2012 - 16:47 | 2919683 A Lunatic
A Lunatic's picture

Yes. Phones that track and report everything you do............

Thu, 10/25/2012 - 16:48 | 2919692 CPL
CPL's picture

The HFT's don't understand that they are about to get burned alive from the back end.  The Russell is making a bee-line straight for the entire IT industry.

Thu, 10/25/2012 - 16:41 | 2919644 The Axe
The Axe's picture

wrong Tyler   if the  stock acts like AMZN    boom computers run it straight back up......

Thu, 10/25/2012 - 16:39 | 2919647 devo
devo's picture

I guess it's not priced in afterall if they halted trading.

Thu, 10/25/2012 - 16:40 | 2919648 scatterbrains
scatterbrains's picture

Where my Ipoop niggas at ?

Thu, 10/25/2012 - 16:42 | 2919656 mdtrader
mdtrader's picture

Cash on the balance sheet is how much?

Thu, 10/25/2012 - 16:52 | 2919712 CPL
CPL's picture

How much money does the Fed have?


There is your answer.

Thu, 10/25/2012 - 16:56 | 2919735 hedgeless_horseman
hedgeless_horseman's picture



Cash on the balance sheet is how much?

Something < $200 billion, but what is the return on cash on balance sheet in an era of NIRP?

Thu, 10/25/2012 - 16:46 | 2919671 g3h
g3h's picture

Market Watch Headline:

Apple earnings jump 24%


Bad news?  What bad news?

Thu, 10/25/2012 - 16:44 | 2919673 IMA5U
IMA5U's picture



and Zero Hedge


we're doomed.  buy gold, a shot gun, and a hooker.

Thu, 10/25/2012 - 16:47 | 2919682 VonManstein
VonManstein's picture

gold is off .20% on this, hilarious

Thu, 10/25/2012 - 17:07 | 2919804 CPL
CPL's picture

That futures.  Get someone with the physical in hand and immediately available sell you gold/silver for the price.  No nobody is falling for it again when bond sales at 85 billion and the rest of the world is making paper currency.

Thu, 10/25/2012 - 17:57 | 2919956 VonManstein
VonManstein's picture

me no sell

Thu, 10/25/2012 - 18:06 | 2919975 JPM Hater001
JPM Hater001's picture

"buy gold, a shot gun, and a hooker."

Still waiting for approval from the wife on the purchase.

Bearish outlook.

Thu, 10/25/2012 - 16:47 | 2919686 drivenZ
drivenZ's picture

don't they always underestimate? that's kind of their thing. Generally it leads to a healthy sized beat. Obviously not so for this quarter but they have a history of setting relatively low expectations. So one would be wise not to read too much into it. 

Thu, 10/25/2012 - 16:47 | 2919687 Yen Cross
Yen Cross's picture

 These f..king stock halts are complete B/S.  PUT this NYSE (,l,,) where the sun don't shine!

Thu, 10/25/2012 - 16:57 | 2919722 Orly
Orly's picture

And the "risk-on" currency pairs show miraculous resilience in the face of utter demise.


Just wow.

But it doesn't matter because the EuroDollar has broken down through the support channel.  The cat is out of the barn, so to speak.  It's too late for you, meestah!

Something tells me that this is the real deal.


Thu, 10/25/2012 - 17:42 | 2919789 Yen Cross
Yen Cross's picture

 DXY just put in a buy signal on the 4-h chart. The usd/jpy is bid again. The crosses are propping the majors. Look at gbp/jpy, it's even more parabolic than aud/jpy &eur/jpy. Gonna sell Asia after "Tokyo fix", and China open, if it looks good.

Thu, 10/25/2012 - 16:51 | 2919702 I Am Not a Copp...
I Am Not a Copper Top's picture

Nope - this is great news.  GDP is tomorrow and it will magically beat estimates -  and combined with these shit earnings reports, good for a 30+ pt rip and a green close on the week. 


Mark my words.

Thu, 10/25/2012 - 16:51 | 2919703 lunaticfringe
lunaticfringe's picture

Remember this bad boy before the 15% haircut? Gosh, how was it that so many bailed out before this earnings report? It's almost like they knew something...bottom line. Jobs was an unfriendly prick to American workers and investors. Without his cutthroat style, Aapl becomes just another dividend play. A mature company making doodads and employing dollar an hr Foxconn workers. RIP, Steve.

Thu, 10/25/2012 - 16:51 | 2919704 hustler etiquette
hustler etiquette's picture

I don't understand a thing. I am dissapoint. iDissapoint

Thu, 10/25/2012 - 16:55 | 2919742 bxy
bxy's picture

So it should open what tomorrow?  640 / 645 ish?

Thu, 10/25/2012 - 17:04 | 2919794 Orly
Orly's picture

Sorry, OT, but what a sexy man was Brando!

Thu, 10/25/2012 - 16:56 | 2919749 cocoablini
cocoablini's picture

Apple makes good stuff, but how much of it do you need. It's priced as if every appliance in the house is made by Apple

Thu, 10/25/2012 - 16:56 | 2919751 Dr. Acula
Dr. Acula's picture

AAPL has a totally reasonable PE ratio at about 14.

FB is more like 150. Ridiculous.



Thu, 10/25/2012 - 17:13 | 2919824 css1971
css1971's picture

Um... Didn't they just say earnings were going to disappoint? You know what the E in P/E is right?

Thu, 10/25/2012 - 17:30 | 2919896 vix is for kids
vix is for kids's picture

@css:  earnings were up 24% year-over-year.  They had been expected to be up almost 28%.  So, P/E will still come down, just not as much as many thought.

Thu, 10/25/2012 - 17:02 | 2919753 mdtrader
mdtrader's picture

I think it will be a great buying opportunity at the 200 DMA. I expect the iPad mini to be huge in the consumer market, and especially with kids, and I expect the regular iPad to be huge in the corporate space. Operating cash flow of $50 billion and trading at about 10 times ex cash.

Thu, 10/25/2012 - 16:58 | 2919759 misnomer
misnomer's picture

Excuse my noobiness, but why are they allowed to use "stock halts"?

I mean, if we can go all in (and up), shouldn't it's opposite be allowed too?  (all out, and down)

Maybe I just don't get how corruption works yet...?

Thu, 10/25/2012 - 17:06 | 2919799 Orly
Orly's picture

Your "noobiness" just opened your mind, my friend.  Now you can see the truth.

Welcome to the world!

Thu, 10/25/2012 - 17:19 | 2919853 drivenZ
drivenZ's picture

uh no. 


it's a normal occurrence with the release of material information in after hours or pre-market. Gives everyone a better chance at digesting the info. Unless you'd rather just have algos running the show in a less liquid environment. If they hypothetically released in the middle of a trading day the stock would not be halted it's only down a few %. 

Thu, 10/25/2012 - 17:24 | 2919869 Orly
Orly's picture



Thu, 10/25/2012 - 18:02 | 2919960 misnomer
misnomer's picture

Hmm.  Call me crazy (and many have), but judging by the amount of people that are one this website alone - digesting this information, and leaving witty comments, I'd say everyone is online, all the time.

And from what I've learned, (unless everyone here is under the same delusion) algos seem to run the show anyways, so what's the point of halting, really?  Who benefits is all I'm asking? 


Thu, 10/25/2012 - 19:30 | 2920158 Orly
Orly's picture

I trade 4X, so I've never understood the whole halt thing anyway.

Thu, 10/25/2012 - 16:58 | 2919760 freedogger
freedogger's picture

Time to go long RIM!

Thu, 10/25/2012 - 17:00 | 2919772 devo
devo's picture's green

Thu, 10/25/2012 - 17:07 | 2919802 mdtrader
mdtrader's picture

And right so. Great company, great products, and a reasonable rating. A real success story. Haters can go on hating all they like it will do them no good. Half of them probably own an iPhone anyway!

Thu, 10/25/2012 - 17:02 | 2919784 Racer
Racer's picture

Q's will be green tomorrow after overnight ramp

Thu, 10/25/2012 - 17:09 | 2919810 fuu
fuu's picture

Zero Govt please pick up the white courtesy phone, Zero Govt white courtesy phone.

Thu, 10/25/2012 - 17:13 | 2919823 Abednego
Abednego's picture

And another 36 billion dollars was added to household debt last quarter as consumers purchsed iPhone5.... who cares how many luxury products were sold to an oversold population - the majority of folks i know who own these devices has no real need for them nor any real means to pay for either the phones OR the recurring charges associated with owning them... what would really make my day would be an announcement that an income test would be required before anymore three year contracts and smart phones were sold.....bah humbug

Thu, 10/25/2012 - 17:28 | 2919891 yogibear
yogibear's picture

Up after hours.

Thu, 10/25/2012 - 17:36 | 2919908 Duke of Con Dao
Duke of Con Dao's picture

Apple meet Microsoft...


here's a new mash-up, now includes De Niro and Cusack (poor bastards)

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