Second quarter 2006 guidance provided by Apple CFO Peter Oppenheimer appears to be negatively affecting Apple’s (AAPL) share price. Oppenheimer said in the earnings release, “we expect revenue of about $4.3 billion. We expect GAAP earnings per diluted share of about $0.38, including an estimated $.04 per share expense impact from non-cash stock-based compensation, translating to non-GAAP EPS of about $0.42.”
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uh-oh
well…long term folks, long term.
This is actually good for the savvy investor. Apple is on a rock-solid course. I would certain snap up a chunk of their stock given this “fire sale” price. Those who dumped it today will cry in a few days.
MW: filled. My belly is filled with warm and fuzzy feelings.
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so, is it the Q2 estimates or the decline in Gross Margin that caused the 7% decline ?
What is wrong now ?
^ “What is wrong now ?”
Wall Street is populated by idiots who don’t understand a company like Apple.
THAT’S what is wrong.
Folks, individual investors can’t make a stock fall this sharply. It’s the brokers that do this. It’s all a big trick for them to maximize their own profits. They tell all their giant corporate investors to SELL SELL SELL, and then they snap it up again when its low. The brokers are EVIL.
Typical…
I was surprised at the rise during MacWorld.
Absolutely Bill. This is simply a profit raking exercise.
I like the sound of Jobs being impatient to unleash their 2006 products because he wants to see our reactions.. now that’s enough to whet anyones juices for buying more Apple stock…
Positive spiral or what? The whole damn digital consumer market looks like it might just be in the palm of Jobs’ hand.
One of the things I heard earlier this week was that Options expired in a couple of days. The Option sellers are trying to hedge their bets by lowering the stock price. This way they won’t pay out as much. If this is correct, the stock should be back up in about a week.
For Q2 in 2005, Apple reported revenue of $3.243 billion.
So if estimating a rise in revenue of over 30% is considered grounds for dumping the stock, some people need their tiny little heads examined.
Let’s put this another way: if Apple merely executes on target and delivers $4.3 billion, that’s $10 billion in two quarters compared to $13.931 for the whole of FY2005.
Truly staggering.
buying opportunity, buying opportunity, buying opportunity.
um…
buy
They said the same thing last year, the share tumbled and look where we are now
Not saying this gravy train will go on forever but ya know, it still has a long way to go.
But is APPL still worth more than DELL?
MDN Magic Word: “value” wow, was it reading my mind?
Don’t worry… it’s coming back already. Back to the $80’s tomorrow! And, if not, I buy more!
It may have been down to $76.70 less than an hour ago, but it’s already back up to $80 now.
Wow, everyone here saying buy, buy, buy…but none here can even afford to buy at this price.
I was expecting to hear stock split.
———-
Apple must be figuring sales of iPods and computers to drop.
Bl. Aynd
The split shouldn’t effect your purchase decision. You get half the number of shares, but what you should be looking at is the % growth, not the $ growth.
Cramer pumps, so his buddies can dump (or short)…
Apple is done for [please believe this lie, I want to buy more stock]. It has run out of ideas [please sell your Apple stock, PLEASE!!! I want to buy in around 60 bucks a share]. Well, it looks like Apple is gonna tank now [yeah, sell your stock–I want to buy as many shares as I can afford!]
I’m not worried at all. The market movers are the ones that knock it down, and they’ll bring it back up. It will continue to rise & split again, soon.
It’s par for the course. All those who knew the stock would dive a little after the quarter report (like it does after almost every quarter) say eye. I’m sure that any of us who’ve been watching Apple for a while will know this happens all the time. Ever since late 2003 Apples stocks do this climb and fall thing just before and after the end of their quarter reports. Rather silly really.
at 79.73!
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It was already recovering from the after hours low, but I still think I got a good deal.
Very Happy
Jake
Fell? Where in the heck did you guys get the $76.70 figure. The lowest price the stock has hit in the last few weeks has been $81.85. WTF? Even in after hours trading it’s only down to $79.58 today.
I’ve checked three different stock trading sites, and they all agree about today’s trading range.
Piko
YES PLEASE SELL!
I wish I’d sold 2 days ago so I could buy it all and more again today.
WHAT? Stocks can go down in value? That really isn’t fair. Who can we call to fix this?
MW: progress, as in the antonym for congress