Apple earnings come in flat at $13.1B on sales of 47.8M iPhones, 22.9M iPads and 4.1M Macs

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Comments

  • Reply 101 of 157
    quadra 610quadra 610 Posts: 6,756member


    Apple's performance is not the problem. Apple's consumers are not the problem. Apple's products are not the problem. 


     


    Wall Street and its base of "analysts" and their unrealistic, inflated expectations, based on flimsy evidence from "sources" and "industry checks", is most certainly the problem. 

  • Reply 102 of 157

    Quote:

    Originally Posted by cameronj View Post





    Quote:

    Originally Posted by Rogifan View Post





    At what point would they halt trading?


     





    Hahahahahahaha


    They halted Google's last quarter didn't they? That was a different situation with the early numbers release but I still don't know why they halted GOOG's then.

  • Reply 103 of 157
    blitz1blitz1 Posts: 413member

    Quote:

    Originally Posted by anantksundaram View Post


    Really.


     


    And we should believe you because you told us this is what you were planning to do, or are you just having a wet dream? image





    No,


     


    because only a fool would not have known that the stock would go either up or down with a nominal margin.


    So, iso being long or short, the best option was to bet on both. I went for calls 530 and puts 480

  • Reply 104 of 157
    aaarrrggghaaarrrgggh Posts: 1,608member
    Well... I'm disappointed. I was over-confident given the Verizon numbers and a sense of growth in China. I am excited about the iPad number though.

    Doesn't look like Apple will be above $600 any time soon... but I don't worry that they won't be back above $500 shortly. I guess you have to have a capitulation for things to turn around...
  • Reply 105 of 157
    solipsismxsolipsismx Posts: 19,566member
    stelligent wrote: »

    I thought the same thing too. But then, it occurred to me that the same quarter last year was one week longer. So EPS actually went up by close to 8%.

    I detailed some of that on page 2 of this thread.

  • Reply 106 of 157
    stelligentstelligent Posts: 2,680member

    Quote:

    Originally Posted by Blitz1 View Post




    No,


     


    because only a fool would not have known that the stock would go either up or down with a nominal margin.


    So, iso being long or short, the best option was to bet on both. I went for calls 530 and puts 480





    Calls at $530 and puts at $480?


     


    That's not a straddle.

  • Reply 107 of 157
    mikeb85mikeb85 Posts: 506member

    Quote:

    Originally Posted by Quadra 610 View Post


    Apple's performance is not the problem. Apple's consumers are not the problem. Apple's products are not the problem. 


     


    Wall Street and its base of "analysts" and their unrealistic, inflated expectations, based on flimsy evidence from "sources" and "industry checks", is most certainly the problem. 



    And when the stock was flying high because of Wall-Street's overly optimistic expectations, who was complaining then?  

  • Reply 108 of 157
    stelligentstelligent Posts: 2,680member




    Cool. Sorry, mate.  I didn't see it.

  • Reply 109 of 157
    jfc1138jfc1138 Posts: 3,090member

    Quote:

    Originally Posted by stelligent View Post




    Cool. Sorry, mate.  I didn't see it.



    Bore repeating, it keeps getting overlooked.

  • Reply 110 of 157
    blitz1blitz1 Posts: 413member

    Quote:

    Originally Posted by stelligent View Post




    Calls at $530 and puts at $480?


     


    That's not a straddle.





    Sorry if I have the wrong term.


    Was pretty sure about it though.


    Well, I won't mind tomorrow :))

  • Reply 111 of 157
    cameronjcameronj Posts: 2,357member
    They halted Google's last quarter didn't they? That was a different situation with the early numbers release but I still don't know why they halted GOOG's then.

    Because when different market participants have different information, the market is broken. When everyone has the same information and is deciding to sell, there's no broken market. They don't close down trading just because what you wanted to happen to your stock didn't happen.
  • Reply 112 of 157
    solipsismxsolipsismx Posts: 19,566member
    stelligent wrote: »

    Cool. Sorry, mate.  I didn't see it.

    No worries. So much data from so many sources we can't possibly see it all.
  • Reply 112 of 157

    Quote:

    Originally Posted by Blitz1 View Post




    No,


     


    because only a fool would not have known that the stock would go either up or down with a nominal margin.


    So, iso being long or short, the best option was to bet on both. I went for calls 530 and puts 480



    Uh uh.... I am somewhat puzzled that you say bought a 'straddle' when a straddle (look it up) requires the same exercise price on the call and the put. Indeed, with 'nominal' movements, straddles lose money. They pay off when there are fairly sizable movements relative to exercise price.


     


    Are you sure that you know what you're talking about? Everyone gets lucky once in a while, but I think you're trying to convince us you're also skilled. I am a bit suspicious of the latter, that's all.


     


    Add: I notice that stelligent caught you out on that before I did. But I'll let my post be....

  • Reply 114 of 157
    mikeb85mikeb85 Posts: 506member

    Quote:

    Originally Posted by stelligent View Post




    Calls at $530 and puts at $480?


     


    That's not a straddle.



     


    No, but Apple's stock has a long history of large moves after earnings...  It almost always moves 5%+ 

  • Reply 115 of 157
    srangersranger Posts: 473member

    Quote:

    Originally Posted by Rogifan View Post





    But Google and Amazon aren't overvalued? Pfffft image


     


    Those two stocks had not grown that much in such a short period of time.... Big difference...

  • Reply 116 of 157
    slurpyslurpy Posts: 5,345member


    You know, I wish that this website wouldn't just blindly copy and paste the bullshit interpretations and nauseating  media narrative using descriptive terms such as 'flat', 'miss', 'dissapointing', etc. Every single other website and techblog on the internet does it, and I used to think that AppleInsider had higher standards, but not anymore. Lately, its just been a constant vomit of the garbage that is crossposted everywhere. What the ratio of negative:positive articles about Apple on this site lately, like 10:1?


     


    Apple just made revenues of $56,000,000,000 in a single quarter, the best quarter in their history (as usual). That's 11 zeroes. They just sold 47,800,000 iPhones. 22,000,000 iPads. 75,000,000 iOS devices. These numbers are alot of things (ie. stunning), but 'flat' and 'dissapointing' and 'misses' aren't those things. 


     


    Let's have some fucking context and perspective here. Apple had a mind-blowing quarter, and just because they didn't hit some random, round number than some jackasses (analysts) who are always wrong about everything, dredged up randomly from their asses and decided that number was important, that doesn't decrease the merit of Apple's results. Maybe, on some other planet in some other universe there's a company that is performing better, but on this planet, no such other company exists. The original iPhone took a few months to sell a million, which was considered a great success. Now, 48 million in a quarter is dissapointing, even with a shitload of competition.  My, how spoiled and cynical we've become

  • Reply 117 of 157
    fastasleepfastasleep Posts: 6,051member


    LOL. The call just ended, and the bumper music was The Temptations:


     


    "I know you wanna leave me but I refuse to let you go..."

  • Reply 118 of 157

    Quote:

    Originally Posted by sranger View Post


     


    Those two stocks had not grown that much in such a short period of time.... Big difference...



    It is meaningless to judge stock price growth independently of earnings and free cash flow growth.


     


    How does AAPL compare on that dimension with AMZN and GOOG?

  • Reply 119 of 157

    Quote:

    Originally Posted by cameronj View Post





    Because when different market participants have different information, the market is broken. When everyone has the same information and is deciding to sell, there's no broken market. They don't close down trading just because what you wanted to happen to your stock didn't happen.


    I just just asking a more complete question that I believed the other person was alluding to. Rogifan was seeking an answer that you replied to and didn't give. I didn't know that early release of information last quarter was different than Google's official release.


     


    EDIT: Looking it up GOOG's share trades were halted when they had dropped 10%. Apple is hovering around that right now. Just a coincidence.

  • Reply 120 of 157
    jragostajragosta Posts: 10,473member
    sranger wrote: »
    Not hard to understand....

    Apple was over valued.  No company could maintain the growth that Apple had in the last few years... Period...

    Over valued? By what rational measure?

    The most common measure of stock value is P/E. Even before this 'correction', Apple's forward, cash-adjusted P/E was in the low 7 range while the average stock was almost 3 times that. By that standard, Apple's profits would have to drop by 67% just to get the P/E back to market levels - which would assume that Apple would grow at market rates.

    WIth Apple's recent growth history, the stock should have been trading at a multiple HIGHER than the market as a whole - so it was already grossly undervalued.

    mikeb85 wrote: »
    And when the stock was flying high because of Wall-Street's overly optimistic expectations, who was complaining then?  

    When was the stock flying high? In terms of P/E, I can't remember a time when Apple's P/E was greater than the market average - so it has never been overvalued, at least by that measure.
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