If that's what they're admitting to, then it's a good bet it's a lot worse. Many companies "borrow" from the next quarter(s) to make the numbers look good this one, then manipulate things to keep up this ruse. International Business Manipulation???
Some "emperor's-wearing-clothes" idea after watching #$%$ Tracy reruns, and who's going to say no? It's not elegant, but stupid-looking. What's next, and make it good!
They need to "cook" up some better products. Apple is fading in general. Where's that Chinese I-Phone?
What else are they going to say, we did it? This is A-Rod part 2.The question is how long did they get away with formalda-hiding this problem??? They need to 'fess up and pay up". You do bad things, there's a price to pay. In this case a well-deserved steep one. "60 Minutes" would not have aired the story if they didn't have the FACTS to back it up. I'm never buying any of LL's products.
Sentiment: Strong Sell
The fake "earnings" to enrich the wealthy, lack of oversight and regulation, the misleading spin and lowballing of estimates making the analysts and media look foolish?
Makes Bill Belichick look like a saint by comparison. I join the chorus of many who think Wall Street is rigged, a scam and a sham.
Those who no longer receive unemployment inurance (which has been shortened considerably in number of weeks you can collect) are no longer counted as unemployed! Said to be "not looking." WHAT? These are the people sho are MOST LOOKING!, but not counted???
The markets and "statistics" are such a scam. I also do not and never will believe Apple's numbers - who is making this stuff up and NOT regulating/verifying the numbers?
That's why I think the markets are totally RIGGED and a joke
What baloney! Who's overseeing these numbers? I truly believe that companies these days just make stuff up and use the payola to make sure the investing public digests it. Where are the analysts to say, "Oh, you misled us at the meeting with low estimates and make us look like fools? How about we downgrade you for that?" Why just let companies jerk all of us around?
Apple jammed all the sales in to the last quarter to create the illusion it's stronger than it is. Watch the inside selling and especially the head fake inside buying (later to be sold quickly). I smell fakery and pump and dump all over this one.
Not only is this un-American, but I believe illegal. That's why I don't invest in it. I don't like their tactics. Where are the regulators to stop all this "spinning" as in Yahoo "spinning out of control"? Memo to Yahoo: freedom of expression - that's what this country is about. Not what YOU want and like!
Sentiment: Strong Sell
Europe is in shambles, real unemployment is over 20%, China is not growing at the same pace, but we'll be just fine. No oversight, accountability, regulations are ignored.
Bartender, another drink please, and don't try to escort me out like last time.
Sentiment: Strong Buy