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Apple Falls
Major misses everywhere, and this for the second quarter in a row - from the Q3 earnings report:
- APPLE 3Q REV. $35.02B, EST. $37.25B
- APPLE 3Q EPS $9.32, EXP. $10.37
- APPLE 3Q NET PROFIT $8.8B
- APPLE SEES 4Q REV. ABOUT $34B, EST. $38.01B
- AAPLE 3Q GROSS MARGIN 42.8%, EST. 43.8%
- APPLE SOLD 17.0 MILLION IPADS DURING QTR, UNIT EST. 15.4M
- APPLE 3Q IPOD UNITS SOLD 6.8MLN , DOWN 10%
- APPLE SOLD 4.0 MILLION MACS DURING QTR, UNIT EST. 4.3M
- APPLE SOLD 6.8 MILLION IPODS IN QTR, UNIT EST. 6.6M
Third quarter in a row of total revenue declines:
More importantly, in Q3 revenues declined across every geography sequentially:
Is the dream over - 4 years of AAPL dividends wiped out in seconds:
However don't cry for Apple: it has $117.2 billion in cash and equvalents: a $7 billion increase in the quarter.
As a reminder, everyone is in this: Nubmer of funds owning AAPL stock
Full breakdown of the 50 most widely held HF stocks per Goldman Sachs:
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I believe it is. It will be interesting to see what rumors are generated tonight/tomorrow to save the ship.
@bmusic
Rumors? Easy. 4Q12 will be BLOCKBUSTER! Benny's got your back! BTFD!
BTFD. People holding out for iPhone 5, or so they say ...
AAPL will hit 700 when they start accepting EBT cards for iphones ...
Apple missed, but doesn't close count?
Funny image!
Sir Isaac Newton, bitchez.
crabnasdapple
APPL is both a metaphor for and actual cog in the wheel contributing to the crumbling pillar of the unstable foundation barely supporting equity asset prices (temporarily lifted and dramatically overpriced with help from the radical, unprecedented hot beef injections of trillions in fiat by a batshit crazy fractional reserve banking insane asylum) and false hope in a broad, organic economic turnaround, bitchez. Here's a very accurate, insightful & entertaining explanation of this: JibJab
Priced for Unicorn Perfection.
It's different this time.
Buy Kayak.com unless you're Frank Reardon and banned from doing so.
(very nice work, HH)
Baby
When your wheels stop turning
And you feel let down
And it seems like troubles
Have come all around
I can hear your heart beating
I can hear that sound
But I can't help thinking
And I won't look now
And then I looked up at the sun
And I could see
Oh, the way that gravity pulls on you and me
And then I looked up at the sky
And saw the sun
And the way that gravity pushes on everyone
On everyone
On everyone
On everyone
On everyone
On everyone
Fuck yeah, take that you central planning Apple motherfuckers! Once again the competitors are going to eat your lunch, and this time Jobs won't be around to drum up the zombies!
Only problem is now we're going to have to hear Reggie Middleton gloating about it...
Fuck you, Apple, eat shit and die!
Disclaimer: I hate Apple
Doesn't every 5 year old iKid need three iPads hanging from his belt?
Crapple craps out. All delusions will come to an end some day.
Steve Jobs was a sociopath. So are people that think AAPL can go up forever
I like Reggie's articles, but that was pretty funny...and very true.
*gives greenie*
I like Reggie too. He is a million times better than the liar kramer. TV is shit and for morons. I do like listening to Reg on RT on the web.
cr-Apple - well this was a big miss so maybe they can start channel stuffing like GM-Obama or Chrysler-Fiat-Obama.
Hey Tyler's - give us a list off all the big holders of CR-AP-ple. Did Whitney own it? Paulson? Like Tylers graph shows - most hedge fund liars own CR-AP-ple.
I read an analyst, a Mr. Wu, saying "I didn't take into account the Ipad's margins" or words to that effect.
And I thought "uh oh, margin compression post from Reggie incoming."
IPhone 5 is coming out, but before is does, the EU may implode, ubber inexpensive models may find the market, etc.
These were weak results. The only one who can put lipstick on this pick is Uncle Ben.
AAPL needs a MaxiPad to stem this bleeding when it gets heavy.
poor William Tell's son!
Shades of William S. Burroughs....
.
Apple's going down, like a big bald head, disappearing behind the boulevard...
...and Sharkey says, "hey, Robotrader, Long time no see!" He says, "hey, tard, you connect the dots, you pick up the pieces."
http://www.youtube.com/watch?v=o3euLzIBSVo
GAME OVER??? I thought the game was to knock the apple ONTO the ground... Ok, bring up the next guy, I think I know the rules now.
"mupple"?
What does Hilsenrath think?
The Fed will let him know what he thinks...
Isn't it Dudley that diddles him like his favorite puppet?
I sense a disturbance in the force.
Perhaps it's the egos of 226 hedge fund managers bashing each others brains in. That much ego exploding all at once can do a lot of damage very quickly.
226 hedge fund managers will either collude to ensure there is a bid, or, tell one another that, "the price looks good, we're buying more", as they sell.
NFLX and now AAPL. Robottrader, say it ain't so!
Also, EUFN is down 10.1% YTD. vs +6.41% for the S&P500. European financials have a good bit of catching up to do if they are going to be the top performing sector of 2012 as you predicted.
I'm worried that Robottrader might jump in front of that special little bus that picks him up in the morning.
Apple - the fall of man...
AAPL - the fall of mankind.
Yes, the iPhone will feature 5 new pixels, and a new cup holder, and hence be really fucking innovative and ahead of the curve.
iPhone = underpowered fanboy phone with ridiculously crap multitasking, which plays catch up with leading 'droids.
I am going to raise my hand shyly and say that I really like my iPhone...even though it's just a version 4.
iphones are nice, but they've moved from being fashionable to just another electronic commodity with no reason to have a premium priced in, especially since just about everyone who wants one already has one.
I own a 5 yr old MacBook pro which i paid a cost premium over the competitors. I gotta admit that I got every penny out of the premium paid. Reliable, no antivirus requirements, no crap clogging the registry, no defragging requirements, and runs as fast as the day I bought it. I agree with zerohedge that the stock has had a good run but stock price has gotten well ahead of reality.
Boy are you an Apple drone... "no antivirus requirements" Good f'in luck with that or did you miss the implementation of that in the last couple versions of OSX? Or the sweeping under the rug of all the news of the rampant infections of Macs with malware? Keep dreaming of blowing Jobs...you're the kind of iDumbass 5.0 they're hoping for...
my niece (an igadget fan...who doesn't have a job and is in school...graduate studies at that) bought a macbook about 2 years ago...gloated about how 'robust', 'fast', 'virus-free' the macs were. got a virus and fried that bitch with all past school work, notes, tests, pictures, etc with no backup. took it to an apple store and they said it was unrecoverable. hah.
you noticed my comment: 'virus-free' the macs were.....
Yeah, but the iPhone 5 will be a 'must have' with all the Apple fanboys as it will come with a vibrator, called the iGerbil
I don't care for iPhones, but they do have the best interface. Apple's been doing the one-button mouse thing for 30 years. They really do have that shit down.
The iPhone 5 is going to obsolesce every iPhone accessory of the past ten years with it's new connector: http://finance.yahoo.com/news/whats-dock-apple-shrink-connector-083917831.html
If I had "invested" in the iPhone product stream this would really piss me off.
But you would deserve it because Apple has been abusing its customers like that forever.
But it was worth every penny because he was wearing a black turtleneck shirt. Fucking losers
they have a long history of abusing the populace with expensive connectors,
they even used to glue plastic fittings onto usb cords so they wouldnt be compatible with other usb
unless you pry off the damn plastic. takes a guy like joobs to operate like that.
That's classic SONY right there...
Proprietary connectors...
"AAPL will hit 700 when they start accepting EBT cards for iphones ..."
I've seen plenty of EBT cardholders with iPhones...there is very little difference between allowing iPhone purchases directly with EBT vs. giving someone EBT so they can use their cash to buy iPhones instead of groceries.
My apologies to all those on EBT who truly need it...I wish you the best and hope things turn around for you. To those on EBT who fit the scenario above...FUCK YOU!!!
I don't understand why "owning" an iphone is seen as something you must not own unless you're wealthy. Any idiot, rich or not, can sign up to $xx.xx per month for the priviledge of "owning" a pretty phone.
Some of us with brains can spend that relatively small amount of money on netflix. ;O)
You're right. You don't understand.
Gee, I wonder if Hilsenrath was privy to Apple's earnings before launching his almost daily Fed ready to act just prior to close Houdini trick.
Apple whoremonger in-chief Gene Munster already talking about lines around the block for the next I-fone ... lol
we did it!
Stores better start their Christmas sales soon.
Save the ship???? MAN THE LIFEBOATS!!!!!
Tomorrow they announce the new toy called the iShit.. basically it's a shiny, metallic, and slim device that devalues the longer you hold it.
"basically it's a shiny, metallic, and slim device that devalues the longer you hold it."
i$hit = the Dollar?
A dime.
@homersimpson
There actually will be another worthless update released tomorrow. Mountain Lion will be available for download tomorrow. Be sure to put that on your calendar.
sounds like the butt plug I have in now
..does it vibrate?
lol...I was going to say..."Sounds like a cheap vibrator."
At least with a vibrator you can replace the battery.
With the global depression and Obamacare, nobody can afford AAPL products anymore.
companies across every industry group are reporting lower revenues year over year almost without exception. too many leaks in too many places
Looks like the hedge fund hotel is gonna have some vacancies.
Holy Shit! how do all the hedge funds, pension plans, ect all try to sell at once?
Watch for the impending AAPL moment, opening down 75-100 points one of these mornings soon, which ought to clear the market for awhile, but with 200 or so funds unable to leave hotel california.
All things considered, would you prefer holding Apple @ $645.00 or Silver @ $49.00?
the silver, hold it until jpm implodes like bear stearns before it.
Haha. $170+ billion in the bank and need rumors to save the ship? Like every american, the only thing we like better than a success story, is a fall from success story. But a miss by a company sitting on $170B has a long way to fall before they join comany with GM, RIMM, et al.
I plan to buy an Iphone 5. Shalom will print Apple's market cap plus some next next according to Steve Lies-man and Ron "Penis Face" Insana.
Shalom knows what's best. Don't fight Shalom.
I believe it is. It will be interesting to see what rumors are generated tonight/tomorrow to save the ship.
Rumors. No rumors. We don't need no stinkin rumors.
The quarter was transitory.
Upwards we go, bitchez.
Or do we??
One morning soon when AAPL opens down 100, the phones will become known as the iScream.
They already started on CNBC, also do we know for sure they have 117 billion in cash?
I would say that given their sales of shiny shit at ludicrous prices they probably have even more than $117bn.
maybe jobs was a better accountant, than a visionary
jobs was never a visionary, he was a designer and ceo. The Woz has always been the visionary.
Neither were / are.. They took all the "vision" from Xerox R n' D , who got it from NASA..
"You didn't build that." get it?
O-bama-nation.
WIMPS
Burrel Smith, Andy Herzfeld, JLG .... etc.
Jobs went in the history as a narcisstic clown who ripped off his friends, and destroyed a hope for computing being something good for the ppl.
After all, ppl like John Gilmore, Richard Stallman, Donald Knuth and Linus Torvalds will be remembered on the long run. Gateses and Jobses definately not.
7/24/12 AAPL just redefined "shitting the bed".
that was diarhea man
Don't Apple me Bro!
O'bammy will tell us that for each solar panel sold by his subsidised friend an aapl will be offered to each man who votes for the right man in november. Double whammy for solar apples!
i hear rumors that vegas is placing bets................................
what comes first....iphone6 or qe6 ;)...............................
Call in Corzine as the new CEO....
Cursive said:
"iShitting the bed."
snappled!
Obama upcoming statement:
Bush's fault.
I've waited SOOOO long for this moment...
Me 2. It's been 2 long, brother.
Just the beginning... people will realize they're just another tech company and the new thing will come along. For those who try and talk "cash on the balance sheet" to you, remind them that MSFT had the same problem and it sure as hell didn't help them out. Cheers.
That's been my point all along. Microsoft was a "cool" happening company until it wasn't. Then the stock got cut in half and it didn't matter how much money they had..it was dead money. Anybody who stayed in this thing after Steve Jobs is a fool.
Not to point out the obvious, but you do realize it's up 60% since then? (Let the hating begin in response to this comment)
Most of that run was based on what Jobs had in place. The question is what next?
I remember this saying from the 90s that went something like "irrational exuberance" or something like that.
Just saying.
Nobot, yes indeed about the Jobs +$$$$ effect.
What you need to understand though is that by being in anyway positive about apple is the equaivalent of being slightly skeptical about gold being $5000 next month.
I'll take your downvotes, your post can't. I think AAPL is extremely overpriced slightly more than run of the mill shit.
There has been talk about the next big thing being iTV. TV is now a horrible commodity business but it always has been. There are not many other niches they can go into. They are up against the law of large numbers and it always wins.
Engali - that is my whole point. Anyone who didn't see that AAPL had a lot of runway in their current product portfolio and addressable market (with or without Jobs) was the "idiot." No offense intended, just mean that passing up a 60% run in 9 months is crazy. Get out now if you think their product roadmap is exhausted...it trades like water... but it wasn't smart to sell at that time.
anybody old enough to remember when Memorex was the hottest name on the board? anybody?
Is it live or is it Memorex?
....as you went south down 101, you knew you were about to enter the soon to be named 'Silicon Valley' when Memorex's sign appeared on your right.....
And there was Fairchild, Varian, Monolithic Memories, National Semiconducter, etc. One big difference back then, we made all the stuff here in the U.S. We invented it and pioneered its production and then the corporations gave it away.
Hey, lest traffic for me now.
+1, Rosie. +1.
But CNBC says it's going to 1500. Why would they try and mislead me? I thought we were friends.
http://www.cnbc.com/id/48301466
It is a conviction buy, as is Bear Sterns.
And Jon Corzine is a good man, who wouldn't hurt a fly.
Well conviction should certainly play a role somewhere.
Every one of HF's with AAPL as top position just got gut rot, instantly. 2/20 adding value since 2008.
including the S&P
Awww, might as well jump.
+10 to you, Sir.
fuu said:
Go ahead and jump.
The judges would have also accepted: Jump You F*#kers.
With Apple being 4-5% of the S&P and 5% down after hours. Yes, heartburn headed into tomorrow.
Isn't CR-AP-ple about 15% if the NASDAQ?
That's the beauty of 2/20...even if you suck, you still get to keep the 2.
Thank God. I thought this nightmare would never end.
iHappy.
iMetoo
ibeaujolais
iToldYouSo
Iappled the bed
iHopium
iFlush
Ihype
iWorms
iRan
iApplied.
For food stamps.
i couldnt have been more wronger
The world is broke...the bankers stole it all. And bankers still use the crackberry.
The rollover has begun. The golden age of high corporate profits is over!
Well, in all fairness, generating 8.8 billion in a quarter can still buy a lot of politicians for a very long time..
AAPL's earnings are postively correlated with student loan disbursements.
Yep!
And new credit cards.
They will plan a realease when fall student loans hit the bank accounts in early september before all the money is spent.
GAS UP THE COPTER BEN!!!!!!!!
Now we know why the Fed released hilsenrath at 3:55.
No last minute rumor from Hilsenbarf will save this pig tommorow.
iHopeSo
Hedge funds just got lit up...
you just wait ... they will all claim to have gotten out of the name at the very very tippy top, and it was all the 'dumb money' that got seared ...
As AAPL is a leading indicator, we must have re-entered a recession.
Bingo sir ..bingo
hahaha, I love this F*ing web site!
No, no ... you don't understand ... it is only a leading indicator when it is going up ...
On to Face Plant!
Glad we are short 53,250 shares.
at an average of $250? joke.....joke......don't shoot
Alice Cooper: Caught In A Dream
http://www.youtube.com/watch?v=ZitB_20cFkM&feature=related
newton's law!
And HF's barbecue!
Its time that others burnt apart from the sheeple in greece and spain!
May these HFs rot in fiat hell!
Anti Claus is comin' to town, bitches.
Now that you finally included the word "bitches" its +1 for you.
See you guys at sub 500. I will be adding puts tomorrow. Hope it doesn't fall too hard tonight, I don't want to pay much for otm puts.
Ouch, miss their top line estimate by 6%? That's gonna leave a mark.
pods
Hard to say if it's over. Things are "cool" until everyone has one, then people start looking for the next cool thing. Rotation I believe they call it.