Wow, you win the stupidity award of the day. "Life is hard, going through life stupid is harder." --John Wayne
You're way too low. Apple will sell 15 million watches in fiscal q1 with an ASP in the $500.00 range with 70% gross margins. Plug that into your earnings model.
Maybe apple should start shipping things to people and Wall Street will never ask them to turn a profit.
Apple is DOUBLING their store footprint in the next 12 months. It doesn't matter if the total market growth in China is flattening-out. Apple is YEARS away from full penetration of the Chinese market.
That may be true, but Apple's sales in Chine were up 112% YOY last quarter and that is only with 22 stores. Further, Cook has said that sales have accelerated since last quarter, all but ensuring continues parabolic growth in China; particularly in light of the fact that Apple is doubling their retail stores in China over the next 12 months.
It doesn't matter. Apple is going from 22 stores to 40 stores in China in the next 12 months. That will more than offset a slowing Chinese economy (which is still going at 7%) and currency devaluations.
WRONG! Analysts estimate consensus has been for NO growth in fiscal 2016. That has been public for a while and is already factored into the stock price. If Apple does anything better than a flat 2016, it will be viewed as a win for Apple. And, of course, the will not only meet, but greatly exceeds Wall Street's feckless analyst estimates.
the 200 day has not been broken. Will never get to 100. Rumors soon about 6s and 6 Plus 6 in September. Also, new Apple TV and watch upgrade for the holidays.
You are wrong right out of the gate. If China starts spending their capital reserves on the RMB the value of the RMB will appreciate significantly and it will crush China's export economy. If this weren't the case the Chinese would have done this long ago. But, rigging their currency is a cornerstone of their economic growth.