I noticed the stock dropped after the 'Kindle Fire' (et al.) announcement. And then the rumors of 'no iPhone 5; just an upgraded iPhone 4S . A 'drop' from $407 to $374? Not good...... On the other hand: time to buy?
374 - 422 = $92 per share for every one you bought on the day you made this post. I'm not too smart either. I left my money in my [ha ha] high paying certificates at the local bank !! grrrrrrrr
#565924 - 10/18/1110:46 PMRe: Apple Stock?
[Re: DLC]
Mike ZigMeister
Registered: 09/02/01
Posts: 3127
Loc: SW Illinois
Originally Posted By: DLC
Hold on, the market is slow to get it. Wait until Oct 18th at their Quarterly report.
I'm disappointed too, but AAPL will come back.... I think the bad rumor that started last week about cutting iPad orders spooked people. It's totally false, but the Market has missed that revelation...
"For the first time in recent memory, Apple Inc. (AAPL - Analyst Report) has missed EPS expectations for its fiscal 4th quarter of 2011. The greatest gadget-maker in the history of the world also came short on revenues for the quarter. Earnings of $7.05 per share on $28.3 billion in revenues missed the Zacks Consensus Estimates of $7.31 and $29.5 billion, respectively."
Here's a consolation prize: Apple again edged out Exxon Mobil (XOM, Fortune 500) in the tight race to be the stock market's most valuable company in the world.
And;
Apple said it sold more than 17 million iPhones in the past quarter, falling short of the previous two quarters' sales figures, as some consumers held out in anticipation of the new iPhone 4S. That's still impressive, however, considering the iPhone 4 had already been on sale for more than a year during the past quarter. Apple said Monday that it had already sold 4 million iPhone 4S devices in the first weekend of sales.
Only 17 million in the last quarter. x $300? average each plus all the revenue that comes from the hardware, that ain't chump change.
Here's a consolation prize: Apple again edged out Exxon Mobil (XOM, Fortune 500) in the tight race to be the stock market's most valuable company in the world.
And;
Apple said it sold more than 17 million iPhones in the past quarter, falling short of the previous two quarters' sales figures, as some consumers held out in anticipation of the new iPhone 4S. That's still impressive, however, considering the iPhone 4 had already been on sale for more than a year during the past quarter. Apple said Monday that it had already sold 4 million iPhone 4S devices in the first weekend of sales.
Only 17 million in the last quarter. x $300? average each plus all the revenue that comes from the hardware, that ain't chump change.
The stock will go up before the end of next quarter. This happens every quarter because the ANALysts try too hard to be smart and don't pay attention to obvious things like set release schedules and common sense.
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