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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
  • 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




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Thu, 10/25/2012 - 16:34 | Link to Comment VulpisVulpis
VulpisVulpis's picture

The times, they are a changin'

Thu, 10/25/2012 - 16:41 | Link to Comment 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 | Link to Comment mick68
mick68's picture

What is this thing called reality?

Thu, 10/25/2012 - 16:42 | Link to Comment flacon
flacon's picture

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

Thu, 10/25/2012 - 17:11 | Link to Comment camaro68ss
camaro68ss's picture

Apple is so over rated!

tomorrow is going to be a blast.

Thu, 10/25/2012 - 16:52 | Link to Comment 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 | Link to Comment cocoablini
cocoablini's picture

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

Thu, 10/25/2012 - 17:12 | Link to Comment 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 | Link to Comment 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 | Link to Comment Orly
Orly's picture

Now get in there and turn those machines back on!

Thu, 10/25/2012 - 16:54 | Link to Comment 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 | Link to Comment 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 | Link to Comment kliguy38
kliguy38's picture

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

Thu, 10/25/2012 - 16:41 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment FL_Conservative
FL_Conservative's picture

S&P now under 1400.  Yee-hawwwwwwwwwww!

Thu, 10/25/2012 - 20:11 | Link to Comment 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 | Link to Comment cygamaczer
cygamaczer's picture

Is the Dutch Tulip Bubble an acceptable comparison?

 

Thu, 10/25/2012 - 16:39 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment mt paul
mt paul's picture

3 yr old mac book pro

great battery life

no problems...

Thu, 10/25/2012 - 16:35 | Link to Comment 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 | Link to Comment 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 | Link to Comment The trend is yo...
The trend is your friend's picture

"get to work mr chairman"

Thu, 10/25/2012 - 16:47 | Link to Comment TruthInSunshine
TruthInSunshine's picture

 You forgot to sign off -

 

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

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

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

Thu, 10/25/2012 - 16:38 | Link to Comment SHEEPFUKKER
SHEEPFUKKER's picture

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

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

"priced in" or "transitory"?

Thu, 10/25/2012 - 16:37 | Link to Comment 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 | Link to Comment malikai
malikai's picture

Ouch! That's gonna hurt.

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

iSplat.

Thu, 10/25/2012 - 16:38 | Link to Comment 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 | Link to Comment 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 | Link to Comment a growing concern
a growing concern's picture

Is the sales tax change up soon?

Thu, 10/25/2012 - 17:57 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment FuzzyDunlop21
FuzzyDunlop21's picture

fuck all this halting bullshit

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

They have to recalibrate the robots for Apple and Amazon.

Thu, 10/25/2012 - 16:45 | Link to Comment 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 | Link to Comment A Lunatic
A Lunatic's picture

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

Thu, 10/25/2012 - 16:48 | Link to Comment 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 | Link to Comment 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 | Link to Comment devo
devo's picture

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

Thu, 10/25/2012 - 16:40 | Link to Comment scatterbrains
scatterbrains's picture

Where my Ipoop niggas at ?

Thu, 10/25/2012 - 16:42 | Link to Comment mdtrader
mdtrader's picture

Cash on the balance sheet is how much?

Thu, 10/25/2012 - 16:52 | Link to Comment CPL
CPL's picture

How much money does the Fed have?

 

There is your answer.

Thu, 10/25/2012 - 16:56 | Link to Comment 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 | Link to Comment g3h
g3h's picture

Market Watch Headline:

Apple earnings jump 24%

 

Bad news?  What bad news?

Thu, 10/25/2012 - 16:44 | Link to Comment IMA5U
IMA5U's picture

Gloom

Doom

and Zero Hedge

 

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

Thu, 10/25/2012 - 16:47 | Link to Comment VonManstein
VonManstein's picture

gold is off .20% on this, hilarious

Thu, 10/25/2012 - 17:07 | Link to Comment 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 | Link to Comment VonManstein
VonManstein's picture

me no sell

Thu, 10/25/2012 - 18:06 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Orly
Orly's picture

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

Wow.

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.

:D

Thu, 10/25/2012 - 17:42 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment hustler etiquette
hustler etiquette's picture

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

Thu, 10/25/2012 - 16:55 | Link to Comment bxy
bxy's picture

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

Thu, 10/25/2012 - 17:04 | Link to Comment Orly
Orly's picture

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

Thu, 10/25/2012 - 16:56 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Orly
Orly's picture

O.

Ok.

Thu, 10/25/2012 - 18:02 | Link to Comment 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 | Link to Comment Orly
Orly's picture

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

Thu, 10/25/2012 - 16:58 | Link to Comment freedogger
freedogger's picture

Time to go long RIM!

Thu, 10/25/2012 - 17:00 | Link to Comment devo
devo's picture

And...it's green

Thu, 10/25/2012 - 17:07 | Link to Comment 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 | Link to Comment Racer
Racer's picture

Q's will be green tomorrow after overnight ramp

Thu, 10/25/2012 - 17:09 | Link to Comment fuu
fuu's picture

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

Thu, 10/25/2012 - 17:13 | Link to Comment 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 | Link to Comment yogibear
yogibear's picture

Up after hours.

Thu, 10/25/2012 - 17:36 | Link to Comment 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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