Mysterio wrote:

Choson wrote:

Or not.

Entropy Stew wrote:

Apple's earnings quadruple, stock prices up 10% from yesterday

-/ES/-

Oh you mean 6% from yesterday? Company beats estimates, stock pops in the early morning and drops for the rest of the day. Not unexpected, but not what you were basing your recommendation on. Your prediction was based on these great new announcements of Apple's, neither of which contributed to the income numbers.

Here's another article.

But even as the stock surged, Apple executives warned Wall Street veterans not to expect similar success in upcoming quarters.

They cautioned that the Tuesday introduction of two relatively low-priced products would make it difficult to provide accurate financial guidance for the rest of the year. Nor would they estimate sales or even say how many minis and shuffles their factories could produce.

"We're very pleased with the reception that we're getting today," said Timothy Cook, executive vice president of worldwide sales and operations. "But frankly it's too early to gauge demand on these."

The iPod has made Apple a Wall Street darling, and the company has sold more than 10 million since their debut in 2001. In the past year, Apple stock has tripled, and the company holds 65 percent of the hard drive-based portable music player market.


But profit margins on the mini and shuffle are lower than the company's 27 percent gross margins. Although Apple executives wouldn't provide many details, analysts speculate that shuffle margin is about 20 percent, and the mini is as low as 18 percent.

In a conference call, Apple's chief financial officer, Peter Oppenheimer, warned financial analysts not to expect a repeat of the last quarter's revenue growth of nearly 75 percent.

"It's our objective to grow at 15 percent or better," Oppenheimer told analysts. "As you model the company, that would be something to think about."

Such pessimism sufficiently alarmed Jeff Embersits, an analyst with San Francisco-based Shareholder Value Management. He planned to issue a research note Thursday morning downgrading Apple from "sell" to "strong sell." He thinks the stock is overvalued and could become a target for short sellers, who make money when a stock falls quickly.

"Frankly, I think this is as good as it gets for Apple," Embersits said. "We've been though Christmas, so they're not going to get that kind of boost again. It's great they have a sub-$500 PC, but so does everyone else, and everyone will do a knockoff iPod shuffle in three to six months. I just don't see the upside."

Strong sell? Must have been this guy.

But it would only take any novice five minutes on Yahoo to find many more stories like this:

Schaeffer's S&P 500 Index

Apple Computer (NASDAQ: AAPL) is perched on the top of the hot stocks list today after yesterday's first-quarter earnings report. Thanks to rampaging sales of the company's iPod digital music players (4.58 million were sold in the quarter), AAPL's first-quarter earnings rose to 70 cents per share, four times last year's first-quarter earnings number of 17 cents per share. The Street had expected AAPL to report earnings of 49 cents per share. AAPL also announced that it expects to post a profit of 40 cents per share in the second quarter, seven cents ahead of the consensus estimate. For more information on AAPL's earnings announcement and the new products the company unveiled, read "Apple Computer Thrashes Street Estimate."

You are a serious cunt, sir.