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Apple 4th Quarter Conference Call

Forget the music announcment tomorrow, this is music to my ears


er, nevermind, that whole "forget" part
 
•3rd generation iPod gaining momentum. New record for iPod sales this quarter 336,000 units.
Click to expand...
That's 1,344,000 iPods a year. It'd cool if they can get to 500,000 ipod a quarter. Forget $500 budget PCs (with $0 profit margins). The iPod is Apple's entry gadget, and it probably has way better margins than those budget PCs.
 
down $.80

And, of course, they drop nearly a buck at the end of the day. Why is it that when AAPL reports profits they always have a stock dip?
 
you're welcome apple

Proud of:

PB 12" rev A.
ipod 10 GB 2nd generation

waiting for the january ...th 2004
:)

for sure, my wife would like to hide my credit card...
 
Re: down $.80

Originally posted by eric_n_dfw
And, of course, they drop nearly a buck at the end of the day. Why is it that when AAPL reports profits they always have a stock dip?
Click to expand...

It's the old stock market adage: "Buy on bad news, sell on good."

Or is that: "Buy on speculation, sell on news?"

Wait, maybe it's: "Buy on Thursday, sell on Tuesday."

Okay, I've got it now: "Buy Intel high, sell Apple low."

Awww, I give up on trying to figure out the stock market.
 
I'm really impressed, I thought that Apple would be hurt badly by the PowerBook delay, however it seems like PowerBook sales (and most other things) were extremely good.

A few things I noticed:

Wow, the retail stores have posted their first profit. 4.3 million people visited the stores for $3.3 million in sales per store (average)

Education shipments is down 15% from last year, but higher education had its strongest quarter in 7 years. My own anecdotal evidence is that college students are adopting Macs in droves, Apple is becoming a "coolhunters" wet dream and I think thats a good thing.
 
Re: Re: down $.80

Originally posted by Vroem
On what market? Nasdaq closed before the conference call.
Click to expand...

In after-hours trading, the kind that turns us regular guy investor type into barrel-dwelling carp. Sometimes I think Apple investors would be better off if the company never announced a profit or a new product.

BTW, the old expression is, "buy on the rumor, sell on the news."

No, I never quite understood the logic of that one either.
 
Re: Re: Re: down $.80

Originally posted by IJ Reilly
In after-hours trading, the kind that turns us regular guy investor type into barrel-dwelling carp. Sometimes I think Apple investors would be better off if the company never announced a profit or a new product.

BTW, the old expression is, "buy on the rumor, sell on the news."

No, I never quite understood the logic of that one either.
Click to expand...



Isnt the volume much lower during after hours trading, which would make it no-quite-so-important?
 
iMacs?

What about eMac and iMac sales? I wonder how well they are selling. If iMac sales are slow maybe that's why there are rumors of a design change.
 
Re: down $.80

Originally posted by eric_n_dfw
And, of course, they drop nearly a buck at the end of the day. Why is it that when AAPL reports profits they always have a stock dip?
Click to expand...

In this case, its profit taking - pure and simple. Many analysts agree Apple (like many tech stocks) is still a bit overvalued.
 
Re: Re: Re: Re: down $.80

Originally posted by DeusOmnis
Isnt the volume much lower during after hours trading, which would make it no-quite-so-important?
Click to expand...

So they say, but stocks move up and down whether they are thinly or actively traded, and to me it looks the same in the portfolio either way. I'm not complaining too much -- AAPL has made some nice 52-week highs this week (and would have made another today...), but I'm just wondering out loud what the investors who are selling this evening were expecting from Apple's financial report that they didn't get, enough to drive the stock down 5% after-hours. I mean, if it was pure profit-taking, why did they wait until after the release of Apple's numbers to sell?
 
From what I have seen, the AAPL price has been rising over recent days in anticipation of news that its going ok with Apple and will continue to go well in the forseeable future. Some shareholders ( short term speculators) decide to sell now just to cash in on that enthusiasm.

Maybe the price dropped because only a few shares changed hands overnight due to a lack of demand ie other speculators dont have real faith in Apple moving spectacularly to the next level over the next quarter compared to other tech firms in the process of declring their accounts.

Its not a bad idea to hang on for the long term and really cash in as AAPL gains in value as a result of its improved trading potential - thats the logic anyway.
 
I've been hanging on for the long term alright, the waaaay too long term. AAPL is easily the most frustrating stock I own -- the only one that regularly declines on good news.
 
I Have Been Buying Like Crazy

Lets see:

new iMac
new 15 inch PowerBook

Looks like I have contributed my share to the good news!

My new Powerbook will ship on November 4th, think it will include Panther?
 
I was interested to note Anderson saying that the retail stores are now profitable. He also said somethings that reflect a change in their retail announcements. There will be 73 stores open by Thanksgiving instead of the 70 announced earlier, and the Tokyo store will open in December (instead of early next year) to bring the total to 74 at year's end. All of this is an acceleration of plans that show Apple's sales are better than expected.
 
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