AAPL miss, BIG! stock down 5%

Really surprising miss --- was worried about my spread with not enough volatility in AAPL post-earnings but not so now!

Apple post huge Q2 miss; EPS climbs to $9.32 on $35 billion in revenue
By: Zach Epstein | Jul 24th, 2012 at 02:31PM Filed Under: Breaking, Business

Apple Q3 2012 Earnings

Apple (AAPL) on Tuesday reported financial results for the third fiscal quarter of 2012. As always, analysts were expecting another monster quarter from the Cupertino, California-based consumer electronics giant, though questionable demand for Apple’s flagship product, the iPhone, led to some jitters on Wall Street ahead of Apple’s report for the June quarter. The numbers are now in, and Apple posted a profit of $9.32 per share on revenue of $35 billion, missing the Street’s expectations of $10.36 per share on $37.1 billion in sales. Apple posted a profit of $7.79 per share in the third fiscal quarter of 2011 and $12.30 per share in the second fiscal quarter this year.

Developing…

http://www.bgr.com/2...e-sales-profit/

Really surprising miss --- was worried about my spread with not enough volatility in AAPL post-earnings but not so now!

Apple post huge Q2 miss; EPS climbs to $9.32 on $35 billion in revenue
By: Zach Epstein | Jul 24th, 2012 at 02:31PM Filed Under: Breaking, Business

Apple Q3 2012 Earnings

Apple (AAPL) on Tuesday reported financial results for the third fiscal quarter of 2012. As always, analysts were expecting another monster quarter from the Cupertino, California-based consumer electronics giant, though questionable demand for Apple’s flagship product, the iPhone, led to some jitters on Wall Street ahead of Apple’s report for the June quarter. The numbers are now in, and Apple posted a profit of $9.32 per share on revenue of $35 billion, missing the Street’s expectations of $10.36 per share on $37.1 billion in sales. Apple posted a profit of $7.79 per share in the third fiscal quarter of 2011 and $12.30 per share in the second fiscal quarter this year.

Developing…

http://www.bgr.com/2...e-sales-profit/

In the showdown AAPL vs the world.. I declare the winner... The World won. Life sucks, sorry, AAPL.

is anyone listening to the turkeys on CNBC talking about how this is a buy of a life time right now in AAPL ? makes me want to barf all over my keyboard...

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July 24, 2012, 4:38 PM
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Apple Shares Slump After Big Earnings Miss
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By Steven Russolillo

Shutterstock.com
The sky is falling.

Apple results sharply missed analysts’ expectations and the stock is dropping in after-hours trading.

The iPhone and iPad maker reported fiscal third-quarter net income of $8.8 billion, or $9.32 a share, up from $7.31 billion, or $7.79 a share, a year earlier. But the figure fell well short of expectations as analysts were expecting $10.37 a share.

Revenue came in at $35 billion, also below analysts’ expectations.

Shares dropped 5.3% to $568.88 in after-hours trading. Through Tuesday’s close, the stock was up 48% for the year.

Apple said it sold 17 million iPads and 26 million iPhones last quarter.

Dow Jones’ George Stahl reports Apple’s weak third quarter shows the iPhone’s importance:


Apple reports worse-than-expected 3Q results on weak iPhone sales. It will be interesting to see if China–which surprised on the upside in the April quarter–was a reason for the miss this quarter. Shipments of 26 million iPhones missed the consensus number of 28 million, according to Piper Jaffray, although 17 million iPads were better than the 16 million seen by analysts. The miss shows how reliant Apple is on the iPhone being the difference maker in the company’s performance.

http://blogs.wsj.com...-earnings-miss/

Back on the envelope calculation says AAPL is a 400-450 dollar stock and that is with generous PE. No f-ing with this is 600 dollar stock. This will be massacred as a source of funds for other purchases now. Momentum dead, Story wobbling. Market cap is huge. Everyone is invested in AAPL. Plenty of sellers. "Source of Funds" written all over it.

Edited by ogm, 24 July 2012 - 03:52 PM.

Back on the envelope calculation says AAPL is a 400-450 dollar stock and that is with generous PE. No f-ing with this is 600 dollar stock.

This will be massacred as a source of funds for other purchases now. Momentum dead, Story wobbling. Market cap is huge. Everyone is invested in AAPL. Plenty of sellers. "Source of Funds" written all over it.

Its finally safe to short this thing. I got stopped out on a short around 450 back in January, I plan to "trade" short all the way down to 350 from here. I will cover the fast moves, and re short pops. I remember back in 08 when we were clobbering the coal stocks like PCX and ANR short. One can hope for something similar in these momo CNBC darlings like CMG, AAPL, PCLN etc. GL and kudos.

Back on the envelope calculation says AAPL is a 400-450 dollar stock and that is with generous PE. No f-ing with this is 600 dollar stock.

This will be massacred as a source of funds for other purchases now. Momentum dead, Story wobbling. Market cap is huge. Everyone is invested in AAPL. Plenty of sellers. "Source of Funds" written all over it.

Its finally safe to short this thing. I got stopped out on a short around 450 back in January, I plan to "trade" short all the way down to 350 from here. I will cover the fast moves, and re short pops. I remember back in 08 when we were clobbering the coal stocks like PCX and ANR short. One can hope for something similar in these momo CNBC darlings like CMG, AAPL, PCLN etc. GL and kudos.

Yes, that was fun. I miss the good ol' bubble days Sick of this summit/QE3 gap up/gap down bonanza.

Apple is on top and will continue to gain Sales, but with Microsoft coming on strong it will likely lose market share to the Tablet market. Samsung, Motorola, Google is also encroaching on their dominance in tablets and phones with Android.. With that said Apple makes easy to use products.... Windows 8/RT must be great and easy to use to start stop the bleeding of people migrating to MAC OS... Barry

Apple is on top and will continue to gain Sales, but with Microsoft coming on strong it will likely lose market share to the Tablet market. Samsung, Motorola, Google is also encroaching on their dominance in tablets and phones with Android.. With that said Apple makes easy to use products.... Windows 8/RT must be great and easy to use to start stop the bleeding of people migrating to MAC OS...

Barry

There is just way too many companies competing for the same pie, IMO. These tech companies constantly need to innovate and deliver new products and be first to market.

RIMM was first to market with Smartphones, while everyone had Motorola Razors, RIMM was king. And then Iphone appeared and Android, and they ate RIMM alive.

AAPL was first to market with tablet, but now once again everyone is on their heals. They aren't in danger of going out of business like RIMM or Nokia, but they no longer have competitive edge. They were first to market with Ipods, then Ipads, Iphone was a hit, but now everyone is catching up with cheaper products.

AAPL definitely has quality, but their products are expensive at the same time. So unless they can constantly innovate and be first to market with new ideas ( and without Steve Jobs it will be much harder ) , they'll likely will have to cut prices or lose market share to cheaper competitors.

So the story is getting pretty wobbly there.

Edited by ogm, 24 July 2012 - 10:55 PM.

Apple is on top and will continue to gain Sales, but with Microsoft coming on strong it will likely lose market share to the Tablet market. Samsung, Motorola, Google is also encroaching on their dominance in tablets and phones with Android.. With that said Apple makes easy to use products.... Windows 8/RT must be great and easy to use to start stop the bleeding of people migrating to MAC OS...

Barry

There is just way too many companies competing for the same pie, IMO. These tech companies constantly need to innovate and deliver new products and be first to market.

RIMM was first to market with Smartphones, while everyone had Motorola Razors, RIMM was king. And then Iphone appeared and Android, and they ate RIMM alive.

AAPL was first to market with tablet, but now once again everyone is on their heals. They aren't in danger of going out of business like RIMM or Nokia, but they no longer have competitive edge. They were first to market with Ipods, then Ipads, Iphone was a hit, but now everyone is catching up with cheaper products.

AAPL definitely has quality, but their products are expensive at the same time. So unless they can constantly innovate and be first to market with new ideas ( and without Steve Jobs it will be much harder ) , they'll likely will have to cut prices or lose market share to cheaper competitors.

So the story is getting pretty wobbly there.

One thing for sure..... If Chinese are having problems with copying the technology to gain a competitive edge....