“Apple (AAPL) surprised investors last night by missing earnings for the quarter just past and providing guidance for the current quarter that is well below analyst estimates. Apple blamed the global economy for some of the miss but also said expectations for a new iPhone5 were hindering sales of the current model,” Jeff Macke reports for Yahoo Finance.
“‘This is a company that likes to create a buzz,’ says Todd Schoenberger, managing principal of The BlackBay Group. ‘Unfortunately that probably backfired on them right now because every is waiting for these sensational products but they don’t have a delivery date,'” Macke reports. “Schoenberger ticks through his other concerns. Domestic sales have been soft for two straight quarters, emerging markets are soft, and Apple’s (alleged) move into smaller iPads is an atypical effort to follow competitors into a market. No doubt these headwinds have him cautious about the stock, right?”
Macke reports, “No way! ‘I would go long now and I’d put leverage on it,’ he all but shouts in the attached video. ‘Buy it now, $800 in one year. Hold me to it!'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
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Everybody is not waiting for the next iPhone. 99% of the buyers are not Apple fans and are notfollowing Apple announcements. They buy a phone when fhey want a phone. Analysts are egomaniacs who believe the world worships their comments.
Was the next iPhone called the iPhone5 during the earnings call?
““‘This is a company that likes to create a buzz,’ says Todd Schoenberger, managing principal of The BlackBay Group. ‘Unfortunately that probably backfired on them right now because every is waiting for these sensational products but they don’t have a delivery date,’”
Ok. This proves that this idiot has no idea of what he is talking about. Apple doesn’t intentionally create a “buzz” prior to announcing or releasing products. Apple has not once said that the next iPhone (or iPad mini, or iMac Touch, or whatever else) is coming soon. Apple lets their products do the talking.
Apple’s products don’t need a bunch of hype – they create their own buzz when they’re released.
Macke reports, “No way! ‘I would go long now and I’d put leverage on it,’ he all but shouts in the attached video. ‘Buy it now, $800 in one year. Hold me to it!’”
SHHHH DAMMIT! STFU Macke or the sheeple are going to figure out the ANALyst herding tactics!!! 😆
I’m buying 1 million shares now!
“Apple blamed…” What? Did you listen to the call? Apple didn’t even address the inflated analyst expectations and why should they? They aren’t Apple’s. The analysts made their beds, now they should lie in them. Can you image the head of the army blaming the enemy for not putting ashore where he expected them to — and this absolving him of losing the battle/war?
Right. The headline for all these “Apple missed” stories should be:
Wall Street Analysts surprised investors last night by, once again, wildly mis-guessing Apple (AAPL) earnings for the quarter just past. The analysts were quick to blame their mis-calculations on Apple, even though Apple’s own estimates from three months ago were incredibly accurate.
Apple’s net profit – $8.8 freaking BILLION in just three months, for Gawd’s sake! – rose 21% YOY, iPhone sales rose 28% YOY, iPad sales rose a whopping 84%. About the only negative figure was iPod sales, which is something that’s been happening for a while now.
Yet, this was considered a “bad” quarter for Apple?
Seems it wasn’t too long ago that a company’s performance was judged precisely on YOY figures, which makes this another whopping result for Apple.
Yet, that method of judging performance seems to have been completely replaced by whether a company can meet the faked-up “expectations” of self-anointed experts who are not even directly involved in the business they pass judgement on.
Just another example of how instead of reporting the facts, a lot of the media these days choose instead to manufacture “facts” that are almost completely divorced from reality.
Baldy sure has a hate on for Apple. What a putz. Holds Apple accountable for all the rumours, and wonders why they don’t stop them. Yes, Apple, get out there and stop all those rumours! Another Wall St. whiner who has never actually built a business himself, but is “hurt” when a company doesn’t live up to his exalted expectations. And BTW, it was a fantastic quarter if what you look at is what the company actually accomplished. Get a life, baldy.
Didn’t Microsoft just lose billions in the same quarter?
YES. And their stock just sat there and stagnated some more. This goes to show you that the stock market = EMOTIONAL more than rational. Thus we see all the ANALyst social engineering trickery being extremely successful. Very sad and silly. It’s predators out for prey. It fits our Age Of Marketing where disrespect is default. Not good. This is how biznizziz continue to FAIL. Short term gain, long term disaster. And so forth…