“Apple (AAPL), the world’s largest company by market cap and recent investor darling, reported great earnings just a few minutes ago. The company saw profits come in at $12.30/share well above the Zacks Consensus Estimate of $10.03/share, pushing the stock up over 7.2% immediately after the release,” Eric Dutram reports for Zacks.
“This solid beat comes after some were beginning to grow worried over the firm and its impressive growth trajectory. Concerns were building over the recent price slump and anxiety over a possible decline in subsidies from telecom giants AT&T and Verizon for the iPhone,” Dutram reports. “However, these worries were easily dispelled after the company’s release as AAPL once again crushed lofty expectations for growth in many of its key products.”
MacDailyNews Take: Trumped up “worries” are easily dispelled.
Dutram reports, “While the huge beat may have come as a surprise to some, those who have been following the earnings estimate trend in AAPL probably aren’t too surprised as analysts have generally been quite bullish on the tech giant… The company has seen earnings estimates rise almost universally over the past month with seven analysts raising their estimates in the past seven days and 13 raising their estimates in the past 30 days. ”
Read more in the full article here.
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Hell F$%#%& yes!
And most every one has forgotten where we are….
Apple beat expectations huge time in this [not only US] horrendous economy.
How about that?
Analcysts intentionally forecast low. If they followed the amateurs they would make less money.
Beta t it down, pick up shares and profit on the beat, no big beat, less stolen cash.
That is beat it down.
Us dyslexics knew exactly what you were saying. 😉
On topic: I have yet to see or read or hear a tech stock pund-ant pud pulling analist accurately prognosticate the earnings of Apple. And I have been an Apple aficionado since 1983 when I bought a Lisa.
There have been rough spots but I tell you, this has been the best “bet” on a fruit company I have ever made.
Cheers.
@MizulnOs
You ever wake up in the middle of the night wondering if there really is a Dog?
Analcysts… <–LAUGH OF THE DAY AWARD! 😆
As with rumors of iPhone 5 (?) being made with everything under the sun and with every conceivable configuration, and the MacBook rumors, these market rumors are just that. Rumors. And Apple continues to dispell them. Why these knuckleheads get paid for this, I’ll never understand…
If the title states Rumor, I typically pass.
No need to get my undies wadded up over something that it’s going to happen.
“Concerns were building over the recent price slump…”
Concern were building over an imaginary number that has nothing to do with how the company is actually doing? What a bunch of BS. The concerns were weather the stock would drop low enough before the earnings call to let them make tons of money on the sale.
Someone said this morning that max pain was at 560. Todays low was 555, well before earnings. Does this mean that Apple is back on the uptick?
No. Max pain refers to options expiration. The $560 reference was related to last Friday’s option expiration.
Zacks is one of the worst offenders.
Eddy? Eddy Z.? We’re waiting for new jokes!
If AAPL split 3 for 1 he would be close.
I’m pretty sure this quarter’s iPhone numbers was just a fluke. It’s the next quarter we really have to be worried about. That’s when Apple jumps the shark, for certain.
/s
It’s so odd that with Apple, the naysayers always claim next quarter’s numbers will always be worse instead of better without the least shred of solid evidence pointing to their conclusion.
Bat Sh!t insane forecasts- beaten…
I wonder when the public will realize the easy money to be made prior to earnings calls on Apple?
I hope those deserving of it earnt on it!
I think Apple should mail a crystal ball with an Apple logo on it to all the analysts who misjudged Q2 performance.
so the next time around Apple needs yet again to beat expectation plus better its iDevices and iMacs and Lion and all other parts – what pressure… sheeeezh.
Lack of Subsidies won’t stop the sale of the iPhone. I bought my last one full price from Apple so it is completely unlocked and not tied in to any telecom companies.
Overseas rates are so cheap compared to north America.
what happened to Ed Zabitsky the much quoted ‘analyst’ who had a ‘sell’ on aapl and a price target of $270 ?
I’m done for…I sold all my 500 AAPL shares yesterday!
Is anyone ever going to investigate the FUD circulated to manipulate stock prices like this? Notice how AAPL often seems to dip right before good news sends it back up? There needs to be accountability in finance journalism.
The asswipes that peddled the ‘worries’ look like complete fools … they look like that Kenyan in the White House … a fool.
Nice racist comment x.
Last time I looked, that Kenyan in the White house was an American and your president.
Duh….
OT: Politics ahoy!
they look like that Kenyan in the White House … a fool.
In response:
A) What if all this ‘he wasn’t born here’ stuff turns out to be pure propaganda and you’re a sucker? Darn!
B) What about the previous fool in the White House? He set a hell of a low standard to beat. We’re still suffering the consequences.
C) Why can’t the USA inspire REAL QUALIFIED LEADERS to run for office? Maybe because only liars, psychopaths and Marketing Morons are allowed into the inner circles?
How did Douglas Adams, Apple fanatic, put it?
“Anyone who is capable of getting themselves made President should on no account be allowed to do the job.”
Oh and:
D) Why are the PoliTard commentators around here typically ANONYMOUS COWARDS? Hit and run is less scary than backing up your ignorant opinions?
I propose an ANALyst (aka ‘analcyst’, ty Jax44) WALL OF SHAME. I’d like a home page for the wall that simply lists in bold type the names of blatant FUD spewers. Each name will be linked to a page dedicated to quotes from their various bouts of stock manipulation. On the top right of each AnalCyst’s page would be a link to a personalized version of the game of ‘Spike The Dick’ whereby various objects can be flung at variable rates of speed at a 3D rendered effigy of the offending liar. Real maiming and disfigurement results depending upon the object flung and what velocity. A screenshot feature will be included as well as a canned laughter audience and canned victim vocalizations from moaning and screaming to begging for their life. The final bonus round will allow each player the opportunity to win a grand piano that will be dropped from various building stories in height, depending upon their overall score. 😆
© Derek Currie, 2012 😉