“The news from Apple’s June earnings report might have been mixed, but the after-market traders liked what they heard,” Philip Elmer-DeWitt reports for Fortune. “(Or was that just the shorts covering their derrières?)”
“In any event, we got a bumper crop of analyst’s reports Wednesday morning, which we’ll process in batches, putting new ones on top,” P.E.D. reports. “Ben Reitzes, Barclays: ‘iPhone Upside, while Other Segments Lower. “It seems that Apple’s F3Q guidance revenue and EPS guidance is once again conservative – and probably expected ahead of an important transition quarter. We believe key topics to be addressed on Apple’s conference call include Apple’s views on new product timing, pricing trends of the iPhone 5 at carriers vs. older models, demand trends within the disappointing iPad segment, the potential opportunity from the trade-in program, and the progress of iOS 7. The other major topics should include channel inventory levels for major products ahead of new launches and what the long-term gross margin should be. Net, net it seems this report helps ease concerns since iPhone is healthy – and gross margins are above 36%.'”
Many more analysts opinions in the full article here.
The Wall Street Journal‘s Steven Russolillo also has some analyst reactions to Apple’s Q313 results here.
Related articles:
Apple’s Q313 beats Street: So, how did the Apple analysts do? – July 24, 2013
iPhone(y) Baloney: Brisk sales rebut notion Apple’s revolutionary device is out of gas – July 24, 2013
Apple’s stellar iPhone sales dumbfound ‘experts’ – July 24, 2013
Yet again, many Apple analysts were wrong: People still prefer iPhone – July 23, 2013
Record iPhone sales power Apple’s third-quarter, shares climb – July 23, 2013
MacDailyNews presents live notes from Apple’s Q313 Conference Call – July 23, 2013
Apple beats Street on record quarterly iPhone sales – July 23, 2013
Prediction: Analysts inflate estimates for current “back to school” quarter, then gleefully knock Apple when it’s obvious to anyone with a brain that many consumers will be holding off for products that’ll be announced/released *next* quarter.
Where are they !? Anyone seeing them ?
Where’s our resident Tim Cook hater who steadfastly maintains that every time Tim Cook speaks the stock drops?
AAPL: $18.19 (4.34%)
He broke his streak! I was nervous, as Tim really doesn’t answer questions well on his feet, but congrats to Apple and AAPL (two different issues for sure).
What about “Reliably Wrong Rob” Enderle? I haven’t seen his name among the analysts spewing about Apple’s earnings. Surely he has something valueless to contribute.
ANALyst says: wait till next quarter!!!~ July 1997