Mizuho Securities USA Abhey Lamba Slashes Top-Line Growth $5 Billion Lowers Eps Over 10% For 2Q
Analysts’ average second-quarter revenue estimate for Apple may drop by about $4 billion to $5 billion and the earnings-per-share projection may decline by $1 to $1.50, Abhey Lamba, an analyst at Mizuho Securities USA, said in a report.
BNP Paribas Takes Bearish View on Apple (AAPL) Suppliers with Weaker Demand Expected
As reported earlier, Apple (Nasdaq: AAPL) is said to be facing lower demand in the first-quarter of 2013. BNP Paribas is taking the expectation a step further in saying iPhone 5 demand will drop about 25 percent from the last quarter, while iPad shipment numbers are likely to "disappoint."
BNP noted that iPhone 5 shipments could actually fall over 30 percent in the quarter to 30 million units, wider than prior expectations calling for a 10 percent decline.
Strength behind the iPad mini is expected to cannibalize overall iPad sales.
We've also highlighted component suppliers which may see downside on lowered expectations. BNP also pointed out that SK Hynix and SDI might be able to make up the shortfall with larger orders from other companies.
It tells me that this recycled story was planted on a Sunday night by someone who wanted to affect the share price before options expiration. One can only imagine what other "news" they have planned to release over the rest of the week.
Sounds more logical than the airheads on this board. Reminds me off 2006 and the options issue. I went from 87 in Jan, sold at 85 half my position and bought back at 52 in July.. Rumors etc can kill a stock..
We are up 20% in a year, still a great return compared to!!!!
I mean my STX up 78%, would have put all my 7650 shares into that !!! haha.. But.....
REGN a buy outside of tech. Apple give it time. I am more angry my taxes on sales at 23.8% now since over 250k income....
hang tight... And Options expiration will play into this also this week....... have a glass of wine all.....
Sentiment: Strong Buy
Good Motley Fool article just came out on this on YAHOO. Says no way did anyone ever expect Apple to do 65 mn. IPHONE5 unit sales in Jan - Mar. 2013. Says they are expected to do 47 mn of all models of IPHONES for last quarter. JP Morgan says 25 mn. units last quarter were IPHONE5. so even a 50% cut in IPHONE5 from 65 mn. to 32.5 mn. for this Jan - Mar. quarter is nonsense, its actually a forecasted increase by the Baloney Article. Wait for earnings. don't panic.