I can't justify it. One would think with China Mobile coming on that we would have analysts upgrading this stock. The clowns that downgraded us and put 16 tag on us should be the first ones.
It really all about the guidance given next cc. Maybe $40 is optimistic but I would compare the upcoming cc to August 2012. We'll see. I would say March qtr. would have been in the range of 32-36 million I-phone sales without China Mobile, but with it we maybe looking at 50-55 million. The increase would represent 3% of the 700 million customers they have. Not unrealistic. Also qtr to qtr and qtr to year ago qtr. would be a drastic increase.
I'm not sure how soon the China Mobile deal will mean more orders from Cirrus, but some cc ago Jason said March qtr. next year would be good. I really would expect this stock to start rising on a steady pace back to 40 by March or April. Especially if Apple saies increase by lets say 25 million units over what it is now. March qtr. should be a big and December qtr, maybe bigger.
Yesterday gold was up about 2% and IAG was up $.04, today Gold down about 2% and we are down $.10. Some group really wants to bring this down. What will be the turning point for it to up 10% in a day?
Do they still have the front facing camera in the Apple 5C and 5S? If so where is the lost market share in North America?
Its eerily similar to Cirrus Logic. Great Qtr. numbers but forward guidance about 60 million below what was expected. For Cirrus it was because they lost 2 amp chips in I-Pad Air and also tax consequenses. Not sure whats happening here. Although it does look like lost customers.
Not sure what your basing your prediction on, but I haven't seen any releases by analysts suggesting that channel checks indicate a beat. Zack's has it meeting consensus estimates. I want it to beat, but have been burnt some many times on this stock, that I am very tepid.
Hey Props what do think will happen tonight. Do we beat numbers or as usual get disappointed?
Lucky, I am not short this stock, but I have been burnt by it several times. I think they will hit revenue and EPS and maybe even beat consensus estimates. I do worry about margins though. Last cc they mentioned increased competition is driving down profit margins and if there is anything that may be a negative this cc it may be that. I have seen stock hit their numbers and give good guidance only to go down because margins decreased.
Its been way to low for a upcoming beat. They have insider and suppliers telling them how much product is being made and sold. If things were going gangbuster the volume would be high and the price would be rocketing.
Greedy Chinese Management won't buyback to help shareholders. They will just keep granting themselves huge bonuses. That's been the trend so far.