“Stock in Apple (AAPL) dropped 11% to $148.63 following the company’s estimate for fiscal fourth-quarter earnings of $1 a share on $7.8 billion in revenue. Analysts currently expect earnings of $1.23 a share on sales of $8.33 billion, according to a survey by FactSet Research,” Carla Mozee reports for MarketWatch.
“Its fiscal third-quarter earnings came in higher than Wall Street had expected, reporting a profit of $1.07 billion, or $1.19 a share, up from $818 million, or 92 cents a share, a year ago. Revenue rose 38% to $7.46 billion from $5.41 billion,” Mozee reports. “Analysts had forecast Apple to earn $1.07 a share on sales of $7.36 billion.”
Full article here.
When will apple learn, had they forecasted a 20% growth – entirely possible – the stock would have shot up. They always do this and people on the street are getting tired of it.
Better for Apple to ride low than turn into a bubble stock that later bursts.
@x
It’s quite apparent that you have a herd mentality when it comes to trading. Studies have shown that market contrarians that do the proper analysis (fundamental and technical) make the most money. Maybe you are such a contrarian, or maybe I give you too much credit. Darwin, the underpinning of Max OSX is open source. The only thing proprietary about OSX in the look and feel the GUI itself of which competing products such as Linux is lacking. M$ could easily base it’s next operating system on Darwin or some other version of UNIX BSD 4.2 and Apple could not sue and long as they did not blatantly copy.
Honestly, with the growth Apple has delivered in such tough economic times, if anything, growth is clearly NOT the issue here. There are more important events to come we should be focusing on.