I understand a bit of a pullback, but 12%? That is outlandish. The company beat company and consensus estimates on profits. Slightly missed on sales. This is like nothing I have seen following the equity markets for years.
The failure to comprehend the bigger issues is what I'm amazed at. Revenue up 18% earnings flat, next quarter earnings will drop for the first time in 5? 6? years on a year over year basis, margins are down significantly (900-1000 basis points year over year) and will likely never come back. God take the blinders off and stop looking backward.
so how long u think apple can ra pe their customers with 40% margins when the rest of the world phone maker is willing to make 20% at most? fanboys might pay through the roof for an iphone but the rest of the world isn't that stu pid.
Margins beat expectations... Who cares if they were down. Are NFLX earnings down from last year???? Yes. But they beat paltry expectations and headed higher. Why the double standard?
I own at $190 and secured 80% of my gains at an average price of $525. So your comment means nothing to me. I hope I havent seen anything yet, as I'll buy back in. Bring something legit to the table
yes, and huge stock price pullback in anticipatio of that. it was already backed into the cake. so if we are playing the game of expectations, which clearly the market is holding the company to, they beat street expectations on margins this quarter
You and me both, I have been in the game for decades, and never seen something so ridiculous. I don't watch CNBC or shows like that because it is mindless drivel, I suspect their on air cast has said every thing unfathomable about the company you could imagine. It will be at new highs by October, January is always when they beat it down and then drive it up all year until about October
and I'm not sitting here saying it should have gone up $50 either. But, those results were not worthy of such a pullback. Moreover, getting guidance in line with the street is a long term positive. It was the right move given the disconnect. But $60 lower on a easy EPS beat, a generally in line revenue figure, and better than expected margins is a joke. Moreover, 50 milion iphones was for a blow out. Almost all experts had the iphone consensus number in the mid to high 40 million level. So again I ask, why the hell are we down 12%.
I'm not even going to play the PE angle. Although I easily could. I am focused solely on last night. Margins, in particular, where a key worry. Folks, they BEAT street consensus and company guidance on margins. #$%$