S&P Capital IQ has a mistake in their notice. They say that they forecast $14.32 for the quarter just ended. But that forecast, we believe, did not take into account the shorter quarter (by one week) this year. We believe that analysts were estimating the quarter relative to the results of the year ago quarter, the 14 week quarter. When you add the $1.11 you get by adjusting the quarter just ended to 14 weeks, you see that even S&P IQ's earnings estimate was exceeded in the quarter just ended. Of course, you are free to believe that Apple would not have achieved a billion dollars of profit in the last week of that extended quarter. You see, the analysts so quick to find failure arre themselves guilty of failure in their own estimates. Now, if they made their estimates in absolute terms then they wouldn't have made the mistake. But they don't know how to make such estimates.
i am a long, how is this great news? everyone is lowering their price target, isn't that a form of a downgrade!,appl is a great company, the loss of Jobs is mostly what this is all about...
Perhaps Tim Cook had some success with his meeting with China Mobile?
Jeremy Horwitz of iLoounge wrote a piece that said:
"...Also planned for a 2013 release is Apple’s “low-cost” plastic-bodied iPhone, which is being developed with China Mobile in mind: the government-owned telecom company has over 700 million subscribers. One of our sources claims that Apple’s iPhone prices remain too high for most mainland Chinese customers..."
Shorty you had better cover your 4 shares soon, Rubber band gonna snap back,Cook will cook you,APPL has something up their sleeve and go look in an APPL store,Nokia run is over and watch what happens to Rimm when they release their new product next week,go short Rimm and you will make some $$$$$$$$$$$$$
Has anyone seen the interview with Charlie Rose with Roger McName on APPLE he was extremely bullish on AAPL and GOOG especially Apple ,watch the video on Bloomberg or you tube
Sentiment: Strong Buy
Looks like the apple killer is getting under your skin. Nokia on China Mobile, Lumia 920T 1 yuan with contract. Apple - no Deal still may have to do 5 begging trips to China Mobile. Recommend selling all overpriced stock, invest in Beggin' Strips for resale for upcoming trips. LOL