Apple Q2 2008 Financial Results on Wednesday, April 23rd

[MacRumors]

Apple will be webcasting a conference call on Wednesday, April 23rd to discuss their financial results for the second fiscal quarter of 2008 spanning January through March. The conference call begins at 2:00pm PDT/5:00pm EDT.

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[randomrazor]

So what can we expect for this anything really interesting?

[stockcerts]

I own quite a few shares of Apple, so I'll be cheering them on!

[Rot'nApple]

Get ready for the last few days gains in AAPL to be erased, if history repeats itself...

[7on]

oooooooo, I was wondering how their 2Qtr was already over... apparently the Geogarian Calendar was a bit much for them

[Grimace]

expect a dramatic rise or fall in Apple's stock price after hours.

The reported results are of interest to MR readers, but the investors are looking at those past figures and the future outlook. That is what really determines the way Wall St. will waver.

[orbital]

Short term traders beware and stay out on that evening, don't hold ANY overnight trades, you will blow through your stops if history repeats.

[Mulyahnto]

Approx: 1.95M macs, 9.7M ipods, EPS of $1.07-$1.09

[eastcoastsurfer]

# of iPhones and iPods sold will be interesting. If they miss estimates on these at all expect a pretty large drop. I'm expecting them to miss with the economy going in the crapper, but who knows.

My hope is that they do miss so I can layer on some more shares. Long term, I think their prospects look good.

[mr_matalino]

C'mon AAPL! Daddy is still in the red!

[peterlobl]

Originally Posted by randomrazor

So what can we expect for this anything really interesting?

the big news will be if the stock doesn't move 10 points in either direction! it may oscillate wildly a number of times

the earnings estimates are so looked at, analyzed, soothsayed and seanced BEFORE announcement, that the 4pm hysteria causes deep mania (either panic selling or hysterical buying) for hours...

I agree that faint-hearted long or medium-term investors turn away until the evening... I am positive on AAPL longterm (how could u not be??) and enjoy the capitalistic orgy - but it ain't for some

[happydude]

Originally Posted by stockcerts

I own quite a few shares of Apple, so I'll be cheering them on!

well, their price is up up up, so good for you!!

[KingYaba]

Originally Posted by happydude

well, their price is up up up, so good for you!!

Actually it kind of tanked in Feb and it's just now recovering.

[kornyboy]

Wirelessly posted (iPhone: Mozilla/5.0 (iPhone; U; CPU like Mac OS X; en) AppleWebKit/420.1 (KHTML, like Gecko) Version/3.0 Mobile/4A102 Safari/419.3)

Hopefully, history won't repeat itself. We will see. Here's to hoping for good results.

[ChrisA]

Originally Posted by Rot'nApple

Get ready for the last few days gains in AAPL to be erased, if history repeats itself...

If you are so sure, sell what you have now and re-buy it back Wed. afternoon.

[davidwarren]

Originally Posted by ChrisA

If you are so sure, sell what you have now and re-buy it back Wed. afternoon.

or just make a straddle. why sell everything you own?

[mogzieee]

Well this report will be fantastic, the growth I think will rise phenomenally in Q2 because of the awesome Air - tonnes of people I have seen have brought an Air on top on their current Mac desktop. Mac Pro too - one of the fastest consumer computers out there, etc.

[BongoBanger]

Originally Posted by mogzieee

Well this report will be fantastic, the growth I think will rise phenomenally in Q2 because of the awesome Air - tonnes of people I have seen have brought an Air on top on their current Mac desktop. Mac Pro too - one of the fastest consumer computers out there, etc.

The Air worries me as it may distort sales figures. Need to know the product line split or it's difficult to draw any conclusions from Mac sales.

As for the report, Macs up, iPods down and iPhones at or just failing to meet target would be my guess.

[BklynKid]

I heart AAPL since about $118 a pop

[137489]

Originally Posted by mogzieee

Well this report will be fantastic, the growth I think will rise phenomenally in Q2 because of the awesome Air - tonnes of people I have seen have brought an Air on top on their current Mac desktop. Mac Pro too - one of the fastest consumer computers out there, etc.

Well, I am a newbie as of early last week, so that adds one more sale... Loving my machine and already dumped 1/2 of my MS Windows based software as I do not need it, Mac already does it and better. I am still trying out iWork. It is a little funky for me, as I was an Office user for most of my live. Can't tell if I like it or hate it. Somethings are funky, other things are cool. Onething I do like is the way Parallels runs - I can work with both MS and Mac at the same time and it is easy. I love Expose - on MS in Xp, I have to move around all my windows to find the one I am looking for. on the Mac, just hit one button and I switch between apps very easily.

[erandall38]

Originally Posted by stockcerts

I own quite a few shares of Apple, so I'll be cheering them on!

right there with you!!

Originally Posted by Rot'nApple

Get ready for the last few days gains in AAPL to be erased, if history repeats itself...

Originally Posted by kornyboy

Wirelessly posted (iPhone: Mozilla/5.0 (iPhone; U; CPU like Mac OS X; en) AppleWebKit/420.1 (KHTML, like Gecko) Version/3.0 Mobile/4A102 Safari/419.3)

Hopefully, history won't repeat itself. We will see. Here's to hoping for good results.

What do you guys mean history? What are you considering history. AAPL consistently beats earnings and consistently sets a accepted guidance. Last quarter is the only recent exception... so is something so recent considered history? I would say historically AAPL beats earnings and sets acceptable guidance.

Originally Posted by eastcoastsurfer

# of iPhones and iPods sold will be interesting. If they miss estimates on these at all expect a pretty large drop. I'm expecting them to miss with the economy going in the crapper, but who knows.

My hope is that they do miss so I can layer on some more shares. Long term, I think their prospects look good.

The economy does seem in bad shape when you look at C,BAC, BSC, and companies like GE. But what about INTC, GOOG, RIMM, IBM, and SNDK? AAPL is much more correlated with the latter than banks/financials and conglomerates.
Why weren't you buying up on the lower support down in the teens and lower twenties? Once it got that low I knew I would never forgive my self for not taking advantage of the situation... unfortunatly I did not have as much capital around as I would have liked

Originally Posted by Grimace

expect a dramatic rise or fall in Apple's stock price after hours.

The reported results are of interest to MR readers, but the investors are looking at those past figures and the future outlook. That is what really determines the way Wall St. will waver.

If they miss there will be a large drop in price AH, but if they beat and set an accepted guidance I am not so sure if the gain is not already priced into AAPL the last few days and today: http://network.nationalpost.com/np/b...rom-apple.aspx

We have seen this before, since AAPL tends to announce later than other companies, investors get the feel of AAPL report and usually build the price in pre-earnings. If AAPL reports well and is accepted I was thinking maybe a 7% increase in AH? If they miss.... geez who knows atleast a 10% drop?

Originally Posted by davidwarren

or just make a straddle. why sell everything you own?

David, just the last few months I have been studying lots of TA with options. Could you explain further into straddles?

[HobeSoundDarryl]

Originally Posted by davidwarren

or just make a straddle. why sell everything you own?

Actually, instead of a straddle, the correct play for someone holding a lot of AAPL stock and worried about a short term plunge would be to buy 1 (option) put contract for each 100 shares you are holding. If AAPL goes way up (and stays up) after the report, the put may expire worthless (yielding up to a total loss of the money you spent on that position). If APPL goes way down, you'll lose value on the stock but gain value on the put. In this latter scenario, the put option acts like relatively cheap, short-term insurance against the falling stock price. It is possible to choose a put position so that you can gain $1 for each $1 you lose on falling AAPL share prices.

So, for those bearish on the stock, there's a cheap solution without having to sell the stock. The put can "cover" your losses in the short-term, and you can simply hang on to your stock until it rises yet again. Do a search for using put options like insurance to find many articles that fully explain this strategy.

The straddle idea is better suited for anyone anticipating a huge move up or down in AAPL (but not necessarily owning the stock right now). It is essentially a (stock price) volatility play. Straddles involves buying both kinds of options- calls & puts- to essentially place a bet on both directions. To win, the move needs to big enough that you can fully recoup the cost of both option positions combined (because when one side wins, the other side loses). With AAPL options priced as they are, there will need to be a very large move in the shares to make this strategy work out very profitably.

All that said, I'm optimistic (or is that hopeful?) on AAPL, thinking the actual may prove a little better than expectations this time. Either way though, as the rumor mill cranks up for the 3G iphone, the stock will probably rise (either further from now, or quickly from some fall after this report).

[twoodcc]

well hopefully some news will be made from what we hear

[Dave00]

Jim Cramer (I know, I know, I'm not a fan either) is recommending a buy for AAPL based on a new messaging product called Conversation. Anyone else know what he's talking about? Cramer's not exactly a usual source for Mac rumors.

Dave

[eastcoastsurfer]

Originally Posted by erandall38

The economy does seem in bad shape when you look at C,BAC, BSC, and companies like GE. But what about INTC, GOOG, RIMM, IBM, and SNDK? AAPL is much more correlated with the latter than banks/financials and conglomerates.

Companies like IBM are showing much of their profits through currency conversion because of the weak dollar, not because of a good economy or tech sales. See http://biz.yahoo.com/ap/080419/wall_main.html

I don't know of a breakout for Apple with respect to sales in the US versus worldwide.

Originally Posted by erandall38

Why weren't you buying up on the lower support down in the teens and lower twenties? Once it got that low I knew I would never forgive my self for not taking advantage of the situation... unfortunatly I did not have as much capital around as I would have liked

Don't worry, I bought some then too. I'm always looking for more opportunity going forward though.