“Apple Inc. stock has rallied more than 10% over a short time in the past,” Douglas A. McIntyre writes for 24/7 Wall St. “The most recent examples are October and November 2014 and February 2015.”
“Apple shares have fallen 11% since April,” McIntyre writes. “Good earnings could get that figure back to zero, or even better.”
“The consensus among Wall Street analysts is that Apple sold 40 million iPhones last quarter. Anything well above that would trigger a share rally,” McIntyre writes. “These figures from the earnings announcement mean only one thing can drive a rally of 10% or better.”
McIntyre writes, “Sales of the iPhone 6 family have to be impressively above expectations.”
Read more in the full article here.
MacDailyNews Take: Actually, importantly, iPhone SE counts toward iPhone unit sales, too.
As for stock price moves: Past performance is not necessarily an indication of future results.
SEE ALSO:
Apple is ripe for a rally – July 25, 2016
Yea right…more like drop 10% the way the market treats Apple these days! If it was Google it would magically rise 20% for no reason!
It must be earning reporting time again. For three months we’ve been told that iPhone sales have been somewhat disappointing and that Apple is doomed, but on the eve of results becoming available, we’re told that sales were most likely pretty good after all.
It certainly looks like another last minute raising of the bar.
Someone out there, some crazed die hard Mac fan should make a you tube video in the style of the monkey boy Steve Baldmer but this time instead of the word “developers” use “manipulators.”
It’s so blatant and predictable.
Enjoy while it lasts.
Does Bettridge’s Law apply here?
If Apple meets or beats expectations the PPS will likely drop thanks to the WS criminals. Only Amazon and Google get a pass on results.
I find it rather astounding that Nintendo’s price surged based on Pokemon Go which they don’t even own and earn (much) from. If anything Apple will earn more from it than them.
Collin Gillis passionately negatively spoke about Apple quarter after quarter on CNBC, amazingly he’s doing a great job to bashing Apple successfully. He is doing a great jobs bashing Apple.😃 Never seen any stock has been hated as much as Apple for some reasons. Only God knows why?.
My hat off to him👍