Shitty earnings, ET Poll majority was incorrect, minority won, as usual.
Thank you for participating.
Thank you for participating.
AAPL Earnings
- Thread starter FreakofNature
- Start date
It was obvious earnings were going to be weaker, iphone sales are going to slow due to the iphone 5 and new competition. This was simple. Ipad sales were a bit stronger, but most of of the revenue apple grabs is from iphone sales.
Remember companies do not stay on top forever and that includes apple.
Remember companies do not stay on top forever and that includes apple.
Shouldn't a miss of this magnitude have been prereported? They must have known for weeks.
Serious loss of credibility here.
Serious loss of credibility here.
Of course they knew for weeks, however you are speaking about apple, if this news came out weeks ago it would have pushed down the markets probably 2% the day of the announcement. There is so much going on for apple that this miss is pretty big. Of course analysts will say tomorrow that this is a "buying" opportunity. So this will all be forgotten by Thursday. Stock will probably be $585+ by the end of the week.
Quote from cactiman:
80-90% of the time AAPL goes up after earnings, and this super 3 yr. uptrend has a textbook Cup with Handle right at the top.
My reading: Odds strongly in favor of more Upside.
Certainly see no reason to close the August 600/595 Bull Put Spread I opened back in March.
Good Luck! to everyone with their trades.
brilliant
lol
Another quarter making crap loads of profits.
Amazing company.
Some day it'll end, of course, but today clearly ain't that day!
Amazing company.
Some day it'll end, of course, but today clearly ain't that day!