Yes but it is not the here and now that will carry the day. It is the outlook going forward. Everyone who is paying attention at all knows that they will have a good quarter coming up. It is all about whether there is an expectation that things will stay good. In addition, I suspect that Apple is getting a volume discount. Apple is not very charitable and squeezes suppliers as much as possible. Sndk reported just this with Flash last time they reported. The Dram and Nand supply/demand situation is not exactly the same but Apple is still a pretty big gorrilla and they use it to their advantage. Also the forward looking issues remain- how is 3d nand going? How is Mu doing getting their SSD's up to snuff and getting in with the OEM's. How is Mu doing on catching up on Dram? Where are they on the Cube and getting into the enterprise side of the SSD's. How are they doing with the convertables?
All these things make for scary times despite the fact that they will have a good quarter. Hopefully they will report good numbers and good progress on all these fronts. Crossing my fingers.
I would recommend you take 30 minutes and listen to the Pacific Crest presentation which is available on the MU web site. I think it addresses a lot of your legitimate questions. The stock is down based on a DRAMexchange article this morning that suggested there could be a rollover in Dram prices due to the Samsung ramp of 25 nm, slow phone sales in China and slower PC sales. I think a lot of this is seasonal. Look at the stock last year at this time and it did the same type of stumbling through July and August before taking off in the 4th quarter. If I remember right there were similar concerns a year ago.
Remember that not all influential traders are correctly evauating MU's specific sector sales while the news that comes out is a shotgun blast that minimally reflects what MU does. People forget that... thanks.