or Connect
AppleInsider › Forums › Investors › AAPL Investors › Wall Street pleased by Apple's surprising Sept. quarter, anticipates huge holiday sales
New Posts  All Forums:Forum Nav:

Wall Street pleased by Apple's surprising Sept. quarter, anticipates huge holiday sales

post #1 of 50
Thread Starter 
Apple beat Wall Street expectations and left analysts satisfied with its September quarter, though market watchers are already more focused on anticipated blockbuster sales of new iPhone and iPad models in the current holiday quarter.

Cube


The stronger-than-expected September quarter was led by record iPhone sales of 33.8 million for the three-month period, earning the company $7.5 billion in profit on revenues of $37.5 billion. After Apple announced its results, Wall Street analysts provided their reactions, and a summary of those thoughts follows.

Morgan Stanley



Apple's revenue growth trajectory is surprising to the upside, analyst Katy Huberty said. She has adjusted her estimates and now models for Apple to grow revenue 7.5 percent in calendar year 2014, up from her previous prediction of 6 percent.

Huberty was also encouraged by what she interpreted as a "bullish" tone from Apple's management during their quarterly earnings conference call on Monday.

"Whereas two quarters ago Apple CEO Tim Cook set the tone by acknowledging Apple had not delivered on everyone's expectations, yesterday's call focused on confidence in the future including a strong holiday season," she wrote. "Management continues to highlight innovation both in current and new product categories, examples of which could include iWatch and iTV."

J.P.Morgan



Analyst Mark Moskowitz recommends that investors take advantage of any near-term losses in Apple's share price. He expects AAPL to "find firmer ground in the coming days," following a strong September quarter and with expectations of a huge holiday.

Moskowitz noted that Apple guided revenue of between $55 billion and $58 billion for the December quarter, with gross margins of between 36.5 percent and 37.5 percent. Those numbers are slightly higher than previous consensus estimates of $55.5 billion in revenue and margins at 37 percent.

"We think the stage has been set for Apple to deliver a beat-and-raise if the company can avert the prolonged supply constraints that negatively impacted last year's holiday quarter," he said.

iPhone 5 with iOS 7


Deutsche Bank



Apple's product cycles are now kicking into gear, analyst Chris Whitmore said. He expects strong holiday demand for the company's new products, and suspects that its guidance for the December quarter will prove conservative.

Beyond that, he expects multiple catalysts for Apple over the next 12 to 18 months. They include a sixth-generation iPhone, expansion with China Mobile, and further geographic expansion.

As for Apple's much-anticipated new product categories, which the company is expected to enter in 2014, Whitmore expects that a television or wearable devices could be in the company's pipeline. Such products "should alleviate innovation concerns," he said.

RBC Capital Markets



Apple is "executing impressively" at the moment, in the eyes of analyst Amit Daryanani. He sees an iPhone deal with China Mobile, the upcoming launch of the iPad Air and Retina iPad mini, and a potential increase in capital allocation as short-term catalysts for the company.

Blended average selling prices of both the iPhone (at $577 last quarter) and iPad ($439) are showing signs of stabilization, he said. He expects that Apple's margins could begin to grow through fiscal year 2014 with strong sales of the iPhone 5s and iPhone 5c.

Daryanani also noted that the mid-point of Apple's guidance for the December quarter implies about 4 percent year over year growth. If the company is able to grow both the iPad and Mac lineup during the holiday season, he expects that Apple will report revenues that exceed the mid-point of its guidance.

iPad mini


Piper Jaffray



Analyst Gene Munster is encouraged by the guidance Apple provided for the December quarter, which came in ahead of his expectations on the revenue side. He expects earnings to be essentially flat year over year for the holidays, before trending upward 8 percent in the March 2014 quarter.

"The December guide suggests the business has stabilized," he said. "The bigger picture moving forward is calibrating the fade of the iPhone 5s in March 2014 and the timing around additional product launches."

For next year, Munster expects Apple to release a larger-screened iPhone, a smart watch accessory, and the analyst is still holding out hope for a full-fledged television set from the company.

Cantor Fitzgerald



Analyst Brian White believes Apple has upside potential to his price target of $777, nearly $250 higher than the company's current share price.

He, too, views Apple's guidance for the December quarter as conservative, as his own projection calls for the company to bring in revenue of $58.9 billion for the three-month period -- ahead of Apple's high-side $58 billion outlook.

iLife for Mac


ISI Group



Apple is protecting its strong ecosystem from threats like Google's Android with free software, analyst Brian Marshall believes. The company announced last week that future OS X, iWork and iLife updates will continue to be free for Apple customers.

Marshall has increased his calendar year 2013 estimate to $174.1 billion in revenue and $39.96 billion in profit. He sees the company selling 156.6 million iPhones and 73.2 million iPads, with product margins at 37.2 percent.

Canaccord Genuity



A "favorable" mix of iPhone and iPad units should result in stronger average selling prices and margins for the holiday quarter than market consensus expects, according to analyst Michael Walkley.

He's also anticipating the launch of a TD-LTE iPhone on the network of China Mobile, the world's largest wireless operator. That launch could help bolster Apple's March 2014 quarter, and offset some of the post-holiday seasonal trends in Western markets, he believes.

JMP Securities



Longtime Apple bear Alex Gauna was encouraged by stronger-than-expected iPhone sales, as well as gross margin stabilization at 37 percent. He remains "fundamentally neutral" on the company, however, citing the fact that domestic cash fell by $5 billion and he doesn't see "enough innovation" in the iPhone 5s or new iPads to cause consumer excitement.

"Shares of Apple ended up essentially flat in aftermarket response to the upside result, and we would expect sentiment to continue to be caught in a tug of war between encouraging indications that growth and margins are turning the corner and ongoing concerns about a lack of business model expansion, the speed of product cycles, and Android market share and cost advantages," Gauna wrote.
post #2 of 50

As long as the MMs are making tons on weekly options and crushing weekly option gamblers, things are fine :lol: :err:

post #3 of 50
I am glad that the market fucker is pleased . But if they pleased , please take real action to buy Apple till it back $600 .
post #4 of 50

They're really showing their pleasure this morning.

na na na na na...
Reply
na na na na na...
Reply
post #5 of 50
Quote:
Originally Posted by helicopterben View Post
 

As long as the MMs are making tons on weekly options and crushing weekly option gamblers, things are fine :lol: :err:

 

If you can't beat 'em, join 'em. I made out pretty well selling covered calls against my position this week.

post #6 of 50
Morgan Stanley: "Whereas two quarters ago Apple CEO Tim Cook set the tone by acknowledging Apple had not delivered on everyone's expectations..."

Who is 'everyone'? Certainly not Apple. So instead of stating they were wrong, analysts are still pushing their wild guesstimates and blame Apple for them.
post #7 of 50
Meanwhile, the stock is jumping around, as I write this it's down about $3.50, after having been up over $8 earlier.

Now, just two minutes later, it's down $0.88.
post #8 of 50
Then why has the stock gone down?
post #9 of 50
Quote:
Originally Posted by MACT View Post

Then why has the stock gone down?


Because...

post #10 of 50
Quote:
Originally Posted by melgross View Post

Meanwhile, the stock is jumping around, as I write this it's down about $3.50, after having been up over $8 earlier.

Now, just two minutes later, it's down $0.88.

 

Everyone's confused.

 

They need guidance from Gene Munster.

na na na na na...
Reply
na na na na na...
Reply
post #11 of 50
Quote:
Originally Posted by TeeJay2012 View Post
 


Because...

 

Mom!? Is that you??

 

lol

na na na na na...
Reply
na na na na na...
Reply
post #12 of 50

Correction:

 

"Wall Street Fatties pleased by Apple's surprising Sept. quarter, anticipates huge holiday sales"

....the lack of properly optimized apps is one of the reasons "why the experience on Android tablets is so crappy".

Tim Cook ~ The Wall Street Journal - February 7, 2014

Inside Google! 

Reply

....the lack of properly optimized apps is one of the reasons "why the experience on Android tablets is so crappy".

Tim Cook ~ The Wall Street Journal - February 7, 2014

Inside Google! 

Reply
post #13 of 50
So I see the New York Times Sunday magazine is going run a cover story calling out what they claim is planned obselesence by Apple.

http://www.gizmodo.in/news/No-Apples-Not-Trying-to-Bust-Your-Phone/articleshow/24885274.cms

How pathetic and embarrassing the NY Times would run something like this. And why call out Apple only for this? Does anyone think a 3 year old Samsung phone is going to run as well as the S4 does? And if it does its most likely because its still running old android software. The sad thing is non techie people will read this and think Apple is purposely screwing them over. 1rolleyes.gif

Reminds me a bit of the Reuters story last holiday season where they went after what they called the Apple tax - the accessories and apps you buy for iOS devices. Of course none of those things are a tax, but Reuters wanted you to think it was some evil trap from Apple locking you in to a system that was constantly forcing you to spend money. 1rolleyes.gif
post #14 of 50

Meh. To me, News like this isn't about Apple -- it really should read; "Apple stock goes up because options were not profitable betting against the value of the stock by market makers." Then you will see "stock goes down despite higher performance than predicted" and that should translate to; "Chumps who thought stock price is based on reason took a bath."

post #15 of 50
Quote:
Originally Posted by Rogifan View Post

So I see the New York Times Sunday magazine is going run a cover story calling out what they claim is planned obselesence by Apple.

http://www.gizmodo.in/news/No-Apples-Not-Trying-to-Bust-Your-Phone/articleshow/24885274.cms

How pathetic and embarrassing the NY Times would run something like this. And why call out Apple only for this? Does anyone think a 3 year old Samsung phone is going to run as well as the S4 does? And if it does its most likely because its still running old android software. The sad thing is non techie people will read this and think Apple is purposely screwing them over. 1rolleyes.gif

Reminds me a bit of the Reuters story last holiday season where they went after what they called the Apple tax - the accessories and apps you buy for iOS devices. Of course none of those things are a tax, but Reuters wanted you to think it was some evil trap from Apple locking you in to a system that was constantly forcing you to spend money. 1rolleyes.gif

The Times also ran the false and misleading Mike Daisy exposé on Apple in China. So I am not surprised at all.
post #16 of 50
Quote:
Originally Posted by jungmark View Post

Morgan Stanley: "Whereas two quarters ago Apple CEO Tim Cook set the tone by acknowledging Apple had not delivered on everyone's expectations..."

Who is 'everyone'? Certainly not Apple. So instead of stating they were wrong, analysts are still pushing their wild guesstimates and blame Apple for them.

 

Analysts are people who make money getting market activity, and acting in hind sight as if anything was even loosely based on reality and not market price manipulations. Seriously, who hasn't figured this out yet and why? Perhaps highly paid smart people have analysis that generates money.... rather than accurate predictions.

 

Tim Cook saying something has about as much influence on Tea Leaves being read for stock performance.

post #17 of 50

Funny, the only articles I’ve seen so far on news websites are the typical gloom and doom for Apple screeds. Like this headline from CBS News…

 

By 

ERIK SHERMAN / 

MONEYWATCH/ October 28, 2013, 5:30 PM

Apple’s  strong  earnings  growth masks  iPhone worry

The article then goes on to explain why Apple is doomed anyway, even with strong sales.

 

That’s the sort of stuff I’m seeing, not these “pleased” analysts.

 

And as for the “low information” population (as Rush Limbaugh describes them) I’m already hearing from some that “Apple is in financial trouble.” One even explained to me that the iPhone 5C is no good because it will warp if you put it in your pocket. “It has a plastic screen,” he lamented. How do you deal with that kind of ignorance? Apparently the paid trolls are getting the job done.


Edited by lkrupp - 10/29/13 at 8:42am
post #18 of 50
Quote:
Originally Posted by jungmark View Post


The Times also ran the false and misleading Mike Daisy exposé on Apple in China. So I am not surprised at all.

Is the NYT competing now with Forbes for making every issue about Apple?

 

If there is a study about "computers" affecting ADD -- you can predict that it will be "Apple causes ADD*"

In small print; *'other computers may be involved.'

 

Apple, and three thousand other electronics manufacturers, build equipment in China. And which company pushed for better working conditions and higher pay about 5 years before the story? Apple. No Forbes articles about that.

post #19 of 50
I guess there where happy for a couple of minutes.. stock down...
post #20 of 50
They're "pleased", but stock is down $10. If it was any other company, this would be impossible. But it's Apple stock, so it makes perfect sense.

**** Wallstreet.
post #21 of 50

This needs to be redacted or corrected. Wall street was happy that they had higher revenue then expected even though it was still down from last year (which net net is still not making them happy). They are also not happy about the smaller gross margin (even though Tim Cook advised why it was smaller as a deferred revenue for tax saving). They are also unhappy about Tim Cook's comment about iPad mini supply may not be able to meet holiday demand. 

 

They paid no attention to new products in '14. Secondly I can't remember how many quarters its been when Apple has beat expectations to see their stock decline the following day. 

 

Overall they were pleased about a small few things and disappointed by a larger amount of things. 

post #22 of 50
Quote:
Originally Posted by island hermit View Post

Everyone's confused.

They need guidance from Gene Munster.

ROFL
Enjoying the new Mac Pro ... it's smokin'
Been using Apple since Apple ][ - Long on AAPL so biased
nMac Pro 6 Core, MacBookPro i7, MacBookPro i5, iPhones 5 and 5s, iPad Air, 2013 Mac mini.
Reply
Enjoying the new Mac Pro ... it's smokin'
Been using Apple since Apple ][ - Long on AAPL so biased
nMac Pro 6 Core, MacBookPro i7, MacBookPro i5, iPhones 5 and 5s, iPad Air, 2013 Mac mini.
Reply
post #23 of 50
Quote:
Originally Posted by lkrupp View Post
 

Funny, the only articles I’ve seen so far on news websites are the typical gloom and doom for Apple screeds. Like this headline from CBS News…

 

By 

ERIK SHERMAN / 

MONEYWATCH/ October 28, 2013, 5:30 PM

Apple’s  strong  earnings  growth masks  iPhone worry

The article then goes on to explain why Apple is doomed anyway, even with strong sales.

 

That’s the sort of stuff I’m seeing, not these “pleased” analysts.

 

And as for the “low information” population (as Rush Limbaugh describes them) I’m already hearing from some that “Apple is in financial trouble.” One even explained to me that the iPhone 5C is no good because it will warp if you put it in your pocket. “It has a plastic screen,” he lamented. How do you deal with that kind of ignorance? Apparently the paid trolls are getting the job done.


It's very frustrating watching Apple get trashed in the media all the time, which I feel is doing some real damage. Some of the stuff is so blatantly stupid that it seems likely there is some degree of extortion going on. NYT to Apple: "We don't really want to run this story, but we have to make the money from page hits if you don't 'advertize' with us."

 

For those of us who know Apple, and their biting, scratching competitors, it is so obvious just how great a company Apple really is. But how does Apple get their message across? By paying up? I'm hoping Apple is able to take advantage of social networks to debunk all the crap out there, which may be one of the reasons for hiring Angela Ahrendts. This video is worth a watch (thanks MessagePad2100):

 

http://www.youtube.com/watch?v=DzBIYwZsut0&feature=player_embedded

   

Reply

   

Reply
post #24 of 50
Tim Cook's AAPL reminds me of a pony trying to stand for the first time after birth. As an investor I'm happy the company surprised on the upside but let's face facts -- AAPL's growth and profits are declining.

"On Monday, Apple reported a profit of $7.5 billion for the fourth fiscal quarter, on revenue of $37.5 billion, down from earnings of $8.2 billion on $36 billion in revenue during the same period last year.

Apple%u2019s iPhone sales were up sharply, thanks in part to the introduction of new iPhone models last month. But iPad sales were flat, and Mac sales slowed down %u2014 and both of those devices brought in less revenue than a year ago."

That's the truth! And cherry picking only positive spin -- as AI did once again in this article -- is misleading and inaccurate. I hope AAPL learned how to become a disruptor again because that will be a stock price catalyst. But if it keeps releasing the same few products the same month year after year AAPL will become a big yawn of a company.
post #25 of 50

If "the street" is pleased, then they sure have a funny way of showing it.:lol:

post #26 of 50
Quote:
Originally Posted by MJ Web View Post

Tim Cook's AAPL reminds me of a pony trying to stand for the first time after birth. As an investor I'm happy the company surprised on the upside but let's face facts -- AAPL's growth and profits are declining.

"On Monday, Apple reported a profit of $7.5 billion for the fourth fiscal quarter, on revenue of $37.5 billion, down from earnings of $8.2 billion on $36 billion in revenue during the same period last year.

Apple%u2019s iPhone sales were up sharply, thanks in part to the introduction of new iPhone models last month. But iPad sales were flat, and Mac sales slowed down %u2014 and both of those devices brought in less revenue than a year ago."

That's the truth! And cherry picking only positive spin -- as AI did once again in this article -- is misleading and inaccurate. I hope AAPL learned how to become a disruptor again because that will be a stock price catalyst. But if it keeps releasing the same few products the same month year after year AAPL will become a big yawn of a company.

Apple is more like a race horse that just finished several breathtaking laps, taking a cool down lap before kicking it into high gear again.

If that worries you, then sell.
post #27 of 50
Why do such pricks (banks and investors) have a voice that is reported on.
post #28 of 50

i dont understand one thing, if iphone sales are up 25%, how is that net profit declined 8%, if i consider that iphone price for end user is not cheaper YoY ? Probably cost of new iphones is more expensive, maybe carriers got bigger margins, bigger spend on R&D ? Because when i want to buy new iphone, price is "same" as last year or year before that year.

post #29 of 50
Quote:
Originally Posted by MJ Web View Post

Apple%u2019s iPhone sales were up sharply, thanks in part to the introduction of new iPhone models last month. But iPad sales were flat, and Mac sales slowed down %u2014 and both of those devices brought in less revenue than a year ago."
 

What's with the "...thanks in part to the intro of new iPhone models..."?  So who's cherry picking now?  Was this any different than 2012?

 

Your only good point is concern with iPad sales.  I agree this is concerning.  But could definitely be due to release cycle (different than 2012) and also see historical correlation to iPhone sales.  There's lots to be optimistic about re: iPad (like customer satisfaction, demand, market expansion, education, business, platform loyalty, etc.) but I don't want to be accused of cherry picking.

 

Quote:

Originally Posted by MJ Web View Post

But if it keeps releasing the same few products the same month year after year AAPL will become a big yawn of a company.

Yes, because aapl will continue to release the same few products month after month, year after year.  yawn.  /s

 

Quote:
Originally Posted by MJ Web View Post

Tim Cook's AAPL reminds me of a pony trying to stand for the first time after birth.

Really?...in what way?  What do you think Cook could have done better?...release an aTV earlier?  Keep margins up by increasing prices?  Not have released an iPad mini?  Rush launch of the iWatch?  The only misstep I think he should take responsibility for was the 2012 iMac debacle.  Seriously, I hear a lot of whining about Cook, but nobody seems to have any better solutions...not even in hindsight!

post #30 of 50

China Mobile stores putting up iphone 5c and 5s posters.  imo this is a solid hint that China Mobile deal is coming and yet this news is being ignore by AI or the markets.

 

So weird...   imo news sites should try to confirm the images are legit and drop the bomb..

post #31 of 50
Kind of a silly article considering Apple is right now down on the day. Not saying it should be down, but where exactly is Wall Street pleased?
post #32 of 50
Quote:

Originally Posted by total View Post

 

i dont understand one thing, if iphone sales are up 25%, how is that net profit declined 8%, if i consider that iphone price for end user is not cheaper YoY ? Probably cost of new iphones is more expensive, maybe carriers got bigger margins, bigger spend on R&D ? Because when i want to buy new iphone, price is "same" as last year or year before that year.





 



simple, YoY margins are down. The 4S had pretty big margins.  The ipad mini also brought down margins. Overall margins are down so less EPS.

post #33 of 50
Quote:
Originally Posted by PatchyThePirate View Post
 


It's very frustrating watching Apple get trashed in the media all the time, which I feel is doing some real damage. Some of the stuff is so blatantly stupid that it seems likely there is some degree of extortion going on. NYT to Apple: "We don't really want to run this story, but we have to make the money from page hits if you don't 'advertize' with us."

 

For those of us who know Apple, and their biting, scratching competitors, it is so obvious just how great a company Apple really is. But how does Apple get their message across? By paying up? I'm hoping Apple is able to take advantage of social networks to debunk all the crap out there, which may be one of the reasons for hiring Angela Ahrendts. This video is worth a watch (thanks MessagePad2100):

 

http://www.youtube.com/watch?v=DzBIYwZsut0&feature=player_embedded

 

 

 

I bought my first Apple product even before known about Apple.

It was the first 17 inch flat panel iMac, circa 2003.

 

To this day i have noticed a crescendo of nonsense noises about Apple, more garingly from the Guardian.co.uk, the BBC both online and The BBC International. Late in the game is HuffingtonPost.

 

As someone wrote, Apple success and biz strategy defies the belief of many people.

post #34 of 50
Quote:
Originally Posted by herbapou View Post

China Mobile stores putting up iphone 5c and 5s posters.  imo this is a solid hint that China Mobile deal is coming and yet this news is being ignore by AI or the markets.

So weird...   imo news sites should try to confirm the images are legit and drop the bomb..
If this is legit that's a big deal. But I'm kind of curious why Apple wouldn't have announced it on their conference call?
post #35 of 50
Quote:
Originally Posted by drewys808 View Post

Your only good point is concern with iPad sales. I agree this is concerning. But could definitely be due to release cycle (different than 2012) and also see historical correlation to iPhone sales. There's lots to be optimistic about re: iPad (like customer satisfaction, demand, market expansion, education, business, platform loyalty, etc.) but I don't want to be accused of cherry picking.

I almost forgot about the iPad 3. The 3 was released in 4/2012 and it was relatively new for the Sep qtr. no one was expecting the 4 in the fall. Now everyone was expecting the 5 (Air) in October so they may have waited it out.
post #36 of 50
Quote:
Originally Posted by herbapou View Post
 
Quote:
 
Originally Posted by total View Post

 

i dont understand one thing, if iphone sales are up 25%, how is that net profit declined 8%, if i consider that iphone price for end user is not cheaper YoY ? Probably cost of new iphones is more expensive, maybe carriers got bigger margins, bigger spend on R&D ? Because when i want to buy new iphone, price is "same" as last year or year before that year.

 

 

 

simple, YoY margins are down. The 4S had pretty big margins.  The ipad mini also brought down margins. Overall margins are down so less EPS.

 

Nope.

Amazons strategy vs Apple strategy.

 

It is all about the market share, stupid as it is.

post #37 of 50
Quote:
Originally Posted by Ochyming View Post
ope.

Amazons strategy vs Apple strategy.

 

It is all about the market share, stupid as it is.


I am assuming you are talking about the stock price or price multiple? 

post #38 of 50
Quote:
Originally Posted by Rogifan View Post
If this is legit that's a big deal. But I'm kind of curious why Apple wouldn't have announced it on their conference call?

 

I dont even remember someone asking anything about China Mobile on the earning call, its like everyone is looking away at the very moment we have serious hints about this deal becoming real.

 

Regardless, I am piling up december options calls in case that news is confirmed.

 

Real of fake? that is the question

LEAD Technologies Inc. V1.01


Edited by herbapou - 10/29/13 at 1:04pm
post #39 of 50
Quote:
Originally Posted by Ochyming View Post
 

 

Nope.

Amazons strategy vs Apple strategy.

 

It is all about the market share, stupid as it is.

No it's not its Apple originally strategy with the Mac. The margins were extremely low but they gained market share extremely fast. Then went to high margin product later in life. Sounds kind of what Amazon might be up to expanding into every market at bottom bin prices and spreading its roots. 

Quote:
Originally Posted by herbapou View Post
 


I am assuming you are talking about the stock price or price multiple? 

 

P/E is not a good factor for something thing like this. Amazon revenue is great and some of its divisions do immensely well. It loses on the areas its going to strangle with margins in the years to come. Thats why investors love them. They see Amazon making amazing distribution leaps with technology and footprint. They see innovation in Web Services, Amazon Prime, Kindle, soon to be phone, Payments, etc.

 

They see Apple just refining existing products. They are great products (and leaps in technology from a technologist point of view) but from an investors point of view the big pay off is now Amazon, its not Apple anymore. 

post #40 of 50

AAPL down significantly in an up market, that's the real world results of the numbers posted by AAPL yesterday -- not anyone's singular opinion! I believe Cook and Openheimer are savvy enough to let Carl Icahn school them on the ways on Wall Street, something AAPL sorely needs at this juncture. I will be buying an iPad with 128 GB. Hope the masses follow suit. If AAPL ever hopes to grow again it requires the following, sooner rather than later!

 

China Mobil deal

Cheaper iPhone

Bigger iPhone

Apple TV set

iWatch

 

Wouldn't it be nice to see AAPL go up after reporting earnings  for a change? 

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: AAPL Investors
AppleInsider › Forums › Investors › AAPL Investors › Wall Street pleased by Apple's surprising Sept. quarter, anticipates huge holiday sales