Should see $539 again this year, IMO.
Because we were waiting for it to swing over $18, back to support at $520, before commenting.
IMO it's going higher next year. Just too many good things in the pipeline. Had I needed cash, I might have sold into the higher open, but I don't & won't for decades, so will let my winnings run, despite huge gains.
Down fractionally today no big deal.
I assume you mean a recovery high above $533.xx?
My guess is within a trading range of $525 to 545 tomorrow, with best guess at $527 to 542. Later this year, possibly back to 2013 high of $555, but not to $705 again until next year.
Mixed news for investors. Margin guide would have been a little better without the higher revenue deferrals. But no color on improved production of iPhone 5S - or 5C demand. And those banking on more buybacks will have to at least wait longer.
After Hours Volume: After Hours High: After Hours Low:
5,147,195 $ 542
(16:30:23 PM) $ 503.01
Also heavy volume. Tomorrow could be another wild ride.
Sheephumper is never actually short. No money.
What's time to a lifeless loser loon?
Enables the company to buy back more shares on the cheap, then raise estimates later so as not to be accused of intentional low-balling.
For the holiday shopping season, ending in December, Apple expects sales of $55 to $58 billion, and gross margin of 36.5 percent to 37.5 percent. Analysts were anticipating $55.7 billion in sales and gross margin of 37 to 38 percent. Just a little low on the low end, that's all. Apple always low-balls, in order to be able to raise later.
Who knows what tomorrow may bring, after the CC, but my second most likely pick might be right, ie $500-525, instead of $525-550.