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Apple Beats, Guides Lower
And here they are:
- APPLE 2Q REV. $39.19B, EST. $36.87B
- APPLE 2Q EPS $12.30, EST. $10.02
- APPLE SOLD 35.1 MILLION IPHONES IN QTR, EST. 31.2M
- APPLE 2Q IPOD UNITS SOLD 7.7MLN , DOWN 15%
- APPLE 2Q IPAD UNITS SOLD 11.8MLN
- APPLE 2Q GROSS MARGIN 47.4%, EST. 42.8%
- APPLE 2Q MACINTOSH UNITS SOLD 4MLN , UP 7%
But:
- APPLE SEES 3Q REV. ABOUT $34B, EST. $37.49B
- APPLE SEES 3Q EPS ABOUT $8.68, EST. $9.96
Is this just the usual lowballing, or is it for real this time? Recall that Tim Cook's first earnings release the company guided above consensus. Is Cook becoming Jobs, or is this a guide down for real?
Also the reason for the beat: ASIA. Not the surge in sequential growth in the traditionally weaker Q2 (ended March 31) quarter all courtesy of Asia:
Stock right now is +$25 in the after hours session.
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Options were implying ~$40 move for tomorrow's open, so looks like $600 is in the cards, again.
Foxconn.......coming to Amerika.
Apple still sucks, just kidding <g>
Sounds like they shifted profits and sales from the next quarter into the present quarter. Wouldn't want to screw up the Facebook POS IPO.
We all just got gamed by Verizon, CNBS, foxxconn and the bankers and AAPL
Negative all day. Forcing longs to sell. It was a sham.
forced me to go long a ATM call spread just before close.
CHA-CHING, a two-bagger+ at opening bell tomorrow. sweet.
Fake ass bitch.
guy from phoenix capital predicting doom for sure, this time not crying wolf, in may/june might have to find another profession
Ok, now we've got the doube-hypenated fake to go along with the no-hypenated fake.
Pathetic squared!
Kinda reminds me of the Nasdaq rebound in 2000, before it tanked for good.
Look who's buying it and volume. No thank you.
No way to know, though i'd love to hear your clearly bearish thesis on why its a flop based on who is buying it in the a/h session.
Canadian Womens! I like you. I'll try to help you. Short it. Short it right now. It's a classic, classic, example of public fever; aka tulipmania. Okay? Good.
Short it now; Canadian Womens. Dont' wait for anything. Do it now!
BOOOOYAHHHHH!
Cramer was right !
I have never owned an apple product, but I do own 2 mosin nagants !
Used to own a number or AKs till they fell out of the boat.
But do you have enough ammo?
7.64x54r is cheap cheap cheap!
500 ROUND bricks @ Cabelas way to go...they even throw the case in for free
EU is the most interesting reaction.
iSandbag
damn, some1 is making money...
As one of the few AAPL bulls here at ZH, I can now change my adult diapers: Tyler, you had me scared for the last two days.
I was not because their analysis has been wrong FOREVER, they have ZERO credibility when it comes to Apple. ZERO!!!!
I guess if zero credibility = ZH reports Apple sandbags their earnings consistently, then yes.. they have "zero credibility."
Sometimes the analysis gets mixed with the religious fervour.
TD#1 does have a personal downward bias after all.
bear rally
Will be 650 by Friday
Again? Then what?
$15049.67 next month.
The game of chicken , continues
Not for me, I just laugh at this bullshit.
I sent one email to a well known ZH member.
It had nothing to do with the MSM and Wall Street and lots to do with Jesse Livermore.
It said BTFD
here comes the selloff!
592 is the high of this move.... SELL
596 and don't sell. Ride it up to 700.
6 months it will be half off!
OK 598... This is it now... the high is in...
Now 602. Actually, I'd recommend backing out by $650 unless Europe or other general scary market stuff rears its head again (and of course it will) because at the end of the day, Apple is used as market proxy for fast selling, margin calls, liquidity trades, and every "professional" money manager feels compelled to own some or have to explain why not.
It is a well run company with amazing products. Huge cash balances and discipline. It is a quality stock. But it no longer trades just on that. Its huge market cap makes it something of a commodity. Have to pay attention to that too.
Lots of heat still at 603. But yeah I think that might be it.
JNPR exploded before the bell. People are willing to buy.
Are you by any chance short AAPL?
short? on this site? NOOOOOOOOOO. Why would you ever think that?
iCasino
Take what (news) you want and leave the rest. At least that's how the HFT algos see the world.
Apple is notorious for lowballing so they end up smashing their own estimates. This is a lowball although I do not expect next quarter to be as strong with no major product launch other than a new mac.
New iphone typically comes out in the summer...
Normally true, but Qualcomm's supply problems suggest may have issues with a summer release. It's been suggested that there may be a October release, which would give Apple a massive ramp up for Q4(Apple Q1) earnings. The wildcard are the impact of new windows tablets and whether carriers start to back a windows phone alternative to exercising subsidy pricing leverage on Apple (I'm skeptical). Windows tablets I do think have potential, but not enough to put a massive dent in Apple's bottom line.
The other obvious wild card is the macro environment. Global slowdown is looming which is the most likely road bump for Apple rather than any competitor's products.
I'm so sorry to see you've been hypnotized. Consider RIMM. Consider it well. These are ephemera. APPL's day in the sun is done. It's over.
Otherwise known as the Oppenheimer's guidance; under-promise & over-deliver.
Good thing for the abundance of those Chengdu working bees at Foxconn's factory, keeping the production line alive for the cult members.
Aside from AAPL's share movement during summertime and the impact of any external factors vis-a-vis EU crisis etc, I expect it to overperform this year due to the macbook line replacement/consolidation, mini iPad and the iPhone 5 etc. launch around October, when the smartphone market will have already render any pre-summer releases e.g. Samsung Galaxy III, as old news, and the 24-hour news cycle hype will have everyone and its brother pile in.
Also they might have some new products ready such the iTV or iFridge or whatever that might perpetuate the hysteria, along with the application of technologies, which were parts of past Apple's acquisitions, like liquid metal or something along theses lines, which can't hurt.
You people realize that every electronic device we consume today is made in similar conditions, right? Starting to think Apple could see 700's before it pulls back because of how clueless the bears seem to be.
Even apple consumers need credit and debt to be flowing more freely than future looks, so guidance is appropriate. Just wait until other consumer companies actually acknowledge the same in their guidance. But they WON'T for a long long manipulated time.
Guide below current Q revenue is good news no? Cause, all news is good news right?
Hell YES!!!!! Where's the big fucking exit Zero Hedge????!!!!!!!
As soon as the gap is closed between T 's iphone sales drop and the realization this Q was just pulled forward.
Say, 48 hrs.
Overseas sales dude. The U.S. is mattering less over time as Apple expands overseas. If you think Americans are zombies for Apple products you should see what it's like in China, and believe it or not there is a sufficiently large "middle class" in China willing to pay stupid prices for Iphones.
Ding ding ding ding, winner winner chicken dinner. Explain it to the short bussers.
"sufficiently large "middle class" in China willing to pay stupid prices for Iphones.".
But I'd rephrase that...
"sufficiently large stupid "middle class" in China willing to pay for Iphones.".
Good question. I'm sure ZH's readership just lives off of your gambling tendencies..
It's not gambling, it's called analysis, not bad RM analysis, but good analysis. It's like everyone was staring at ATT and VZ earnings instead of looking at international sales. Sales trail off with VZ and T due to timing of launch of iphone 4s but make up for it with internationals sales like China.
Analysis of a rigged casino game consists of trying to front run the scam du jour.
Good luck with that! (my guess is that your info will never be complete enough (nor trushtworthy))
When everyone realizes this is the top.
What eva
Good job...the toy company beat.....boy oh boy...now back to work....or should I just text on my Iphone....
Apple is sandbagging on their Q3 EPS estimates. They play this game every quarter. Why do people play along?
hahahaahahahahaah. Once again all the haters are losing money
Yes - just like you "lovers" were earning money the past few weeks.. get back to us when the stock price inches up another $40..
Then again - I'm on the sideline - but it's funny to see all these pro Apple-heads get excited over a number they have as much control of as a ball on the roulette table. You gambled - you won. But don't act like you get props for it... the stock did dip quite a bit the past couple weeks.
Actually I don't invest. I just find it amusing reading all the comments from the lovers and the haters. All the world's indeed a stage :)
This is what we call trading. Or investing.
'It's all in the game, yo'
ramp
Aaaaaaannnddf iitttt's gone.
Typed from my iPhone.
Newton's law rewritten: F= -i*(M*a)
All those that bought at $644 are rejoicing it's bouncing up to $600 before it heads down again. Awesome....
LOL, I wouldnt touch this bubble with free money I found in a ditch....and lowered guidance is not good news, at all.
No, I'm rejoicing that my Apr $600 calls I bought before the close are in the money.
I'd move on them real quick if I were you.
The entire continent of Europe could sink into the ocean in the next 5 minutes and CNBC would still be foaming at the mouth bloviating about Apples blowout earnings. Hilarious.
Indeed. Maria Slartibartfastiromo would ask "How do you trade this? Will Apple be able to sell iPads as paddles?"
Europe's net exposure is actually zero so it wouldn't matter....
http://www.youtube.com/watch?feature=player_detailpage&v=Pj9Rs56u8YY
Could someone check on Reggie and make sure he's okay...
Five minutes later and crAAPL is worth $40B more. What a scam!
OMFG!!!! A headline in the UK media August 2011....."FTSE Loses £50bn As World Markets Tumble"
http://news.sky.com/home/business/article/16043146
And now Apple does that on its own and it's just another day. (teenyweeny exaggeration)
Saywhat?....exSqueeze me
That'a'way`~~~~
This is not different this time...it's an inovative company that hooked an entire generation...with the products to back up the hype.
Sorry
Pets R us, 1999; Sylvania Television, 1964, (everyone will buy a color television, who knew they would be made by Sony?); Etc. Etc. It's over. The ridiculous unsustainable civilian tulip rally is over. Now.
Bad USA numbers! They were saved by buyers in CHINA... saved like a chinamen jumping off his factory roof into a safety net?
Reggie is going to be in tears and throwing his toys outta the cot tonight
..it'll be a sleepless night at Google HQ for the muck-raking squad
$601.84 un real!
Un-Real. Exactly. that's the problem alright. Un-Real. Short it; short it now.
Fuck AAPL!
Haters gonna hate!
What, no dividend?
/sarc
Prostitutes use Iphone in china because their customers want iface.
iRie, man, iRie.....
/sarc....
There, are you are happy now?
Sandbagging on the guidance as usual.
By tomorrow you'll iForget. Real problems like Spain and Italy did not go away. 45million people on food stamps don't give a shit. The shorts just got a great chance to reload.
Back to where it was....Friday...gee thats great.
They give horrible guidance that would tank any other stock. But the sheeple know that they lowball so they say "AAPL does that every quarter" and then a monster rally. These crAPPL people know how to play the ponzi like no other.
now for the AH dump.
AAPL is powered by fanboyz and folks with more money than brains. Most cant wait to Jailbreak their crippled hardware.
Big Profit = Overpriced warez + Underpaid Slave Labor
you are a part of the American disease, how would you know how to recognise a class act?
=WINNING
But Reggie told us he has warned us THANK GOD FOR THE BRILLIANT REGGIE AND HIS PROFITABLE ANALYSIS HE PERFORMS. BAHAHAH
Do people seriously listen to Reggie Middleton? Or even worse, pay for his 'research'? It's embarassing that this guy gets an occasional TV spot.
A stock that ramps like a penny stock during THE most stressful economic times since ancient Rome is an avalanche waiting to happen. Sure you can trade it and make a lot of money, but you can do that with the penny stocks too, probably with less risk.
Tell that to my junior resource portfolio over the past 6 months
munster had a 'worried man face' after hours?
smell alittle channel stuffing?
jmo
guy is a terrible communicator. that last sentence is completely unintelligble.
Change "not" to "note" and you should be able to puzzle it out.
It would suck to be short before the earnings release.
The lower expectations for the next quarter is ignored.
A big market rally to follow tomorrow? Wouldn't be a surprise. Short covering for sure.
but he wears a blk t shirt and jeans with sneakers, must be a genius also.
Two things that strike me about the comments about APPL:
1. The failure to understand that Apple sell a lot of product. You might think that IPhone owners are pathetic hipster wannabees but their money is still green.
2. The whole "slave labor" angle. So you think your "Made in PROC" stuff, or any of your umpteen Aisian made products were produced under ideal conditions? No.
They move products, they actually make stuff people want to buy. That is reflected in every aspect of the company. That the stock is overvalued? Sure but as long as the hedge fund hotel everyone loves to hate always finds greater fools the race will continue.
yeah but some point people are going to wise up and not buy the same phone and tablet ever year over and over simply because its a new color or has a new roman numeral on it.
Ha ha ha. $12 a share is a massive beat when the stock went from $400 to $640 during the quarter? $450 is a fair price for Apple based on the earnings release.
Fucking bullshit. Based on $700 estimates some analysts pegged earnings at almost $40 a share last month. Record sales of iPhones to store shelves, not to customers. Next quarter the tanking sales will show up.
"Record sales of iPhones to store shelves, not to customers. Next quarter the tanking sales will show up"
That might be in the USA, certainly not in Europe where everyone and their grandma is getting one. The trick? No one buys them, they come with your cell phone plan. That how I got mine. Cheaper calls and a free IPhone.
What most analysts fail to recognize is that for every AAPL product sold, the consumer is not buying any of their competitors.
RIM should get slammed in the crapper tomorrow.
I think you have AAPL iGlasses on ......
RIM died months ago
Android outsells iPhone
Blackberry Playbook, Kindle Fire outsell iPad in their markets.
Where's Middleton??? oh yeah - on a long enough timeline. I'm sure they will fade at some point - be happy for strong innovative companies.
apple is cashing in on a once in a lifetime shift from pcs to smart phones and tablets...this could last for another year or two as these devices creep into the hands of those who never thought to want them before.
Right now there is so much evolution and function to these mobile devices, anyone from a leisure user to a business person has good reason to get a new one every few years, while many who have resisted and never had either are now getting their first ones. I dont know how many times I've been around a techno-phobes, who have some 10 year PC in there house and who mocked people buy Ipads, but then actually messed around with someone's Ipad for a few minutes and bought one the next week. It can be anything, like the nice email presentation, the beauty of person photos on it, the ability to watch movies, playing a simple game like scrabble or angry birds, using a app applicable to your hobby, watching youtube or easy web surfing. Plus you have more and more people chained to some sort of social networking or casual gaming, so their leisure entertainment is computer based and what better way to do that than from a tablet. In business more and more stuff is web-based, so tablet OS are more then fine for most things mulit-tasking workers do these days. I see lots of small businesses buying one or two Iphones, just to have handy to read Groupons, etc..Dedicated smart phones and tablets are being incorporated into sophisticated testing equipment, easier to write an app and buy existing hardware in you device than to start from scratch.
So for now, there is more than enough money to be made by Apple, Samsung, Google etc, this is a huge one time shift..even a fairly low income person can get a Anroid tablet for $200 and use it on free wifi for years and get very good value out of it..
but eventually, when the market is saturated, Google will do to Apple as MS did, Google will become the dominant software, on all sorts of hardware, while Apple's market share and margins will decrease. Good luck guessing when the mobile device market is saturated and evolution is stagnant...there is still a long way to go before that happens, how long did it take with PCs?
"how long did it take with PCs?"
Not long at all, think about from Dos to Windows95: about 15 years, LOL.
My opinion is that the iPad is a fad. It can't replace a PC, it can't replace a Laptop but it can replace an iPhone.
People are buying the iPad for one of two reasons:
1) Apple Fanboys - they will always buy a new one regardless of its capabilities. They are socially challenged, mostly virgins, quite rich.
2) Status seekers - they want one to show off. They frequent Starbucks 150 times more than the average US Citizenism (sic). They are challenged when it comes to typing. Without an iApp the tablet might as well be a blackboard without chalk. They rely on credit to acquire theirs, they are not as concerned to have an up-to-date one. Desperate wannabee owners can buy an iPad toy model from eBay for $20.
And that is why you should sell AAPL.
Tongue in cheek.
ipad is a toy.
Long magnifying readers.
The competitors will be forced to lower the price to compete. The end result will be very similar to the PC-Mac war during the early 80s. Apple lost, pc won. This time won't be any different. Apple is competing with everybody.
I don't get why people want to pick on Apple? I mean, the products are great, the company is great, the valuation is not wild, the legacy is almost noble.
There are thousands of better companies to be down on.
Is it the market cap? The market cap is just what it is, it's not an indicator of anything worth obsessing over.
I'm a total bear, have been since '06. (I've also used Apple products exclusively since '95).
Apple is hardly the worst, most evil, most vulnerable company in America. Hardly. Quite the opposite, really.
The banks, the retailers, the restaurants, the Euro, bonds......all better pickings on the short side.
http://www.urbandictionary.com/define.php?term=apple+fanboy
All six definitions explain your mentality. Sadly there is no known cure.
Earnings are generally a crap shoot. "However" anyone shorting a chart that has beaten down to "first it" supports on a high caliber stock is just asking to get screwed.
AAPL IS THE MARKET. Do you really think these clowns would make it that easy for you?
I should've taken my own advice and bought calls but my first comment "crap shoot" kept me from doing. The charts said it was a buy.
I think i know whaty "YOUR PHUCKED BAGHOLDER!" means now!
I think your NFLX AAPL comparision just got vaporized.
How much you wanna bet the 'rumors' about lower iPhone sales were spread by some hedge fund that was buying it up before earnings?
I was really thinking about buying more before earnings, but I really shouldn't average more than 5% into one stock, oh well...
An update on TARGET2
http://www.cnhedge.com/thread-4003-1-1.html
http://www.jinrongbaike.com/
Reggie, you hooker.