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
  • 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