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This is a boring, familiar routine when it comes to Wall Street's idiotic reaction. Each quarter's earnings are a record, but they rarely meet the ridiculous expectations of some of the so called analysts, so the stock initially drops 5-8%. It always rebounds back to near where it was within a week or so though.

It's a tactic, so they can buy low and sell high.
 
Yeah.. and the APPL valuation when iPhone was first introduced was only a fraction of the current price, and US only. Apple Watch should do much better than iPhone, it is better but nowhere near good enough for a global launch.

The mobile phone market in 2007 was much larger than either the watch or smart watch markets in 2015. The Watch also wasn't available in stores until June 26th. As I said before, we need to see a full year, since the holiday quarter should be the best quarter for the watch.
 
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They were rather brave in forecasting "mother of all upgrade cycles" or something like that with the iPhone 6 and 6+. Obviously they were right, it's been an outstanding fiscal year for AAPL.

Your absolutely right about the risk though. If sales start dropping on the iPhone it really pulls the rug from underneath the stock. That being said, it's still the best phone on the market with the most satisfied customers and most valuable brand so doom may not yet be upon it.
Oh I couldn't agree more, and hopefully my post doesn't come across as any indication of negative opinions on the iPhone. This stock performance should be evaluated completely independent of anyone's personal thoughts about Apple or their products or they are foolish. Wall Street looks at things differently.

I sold every last dime of my Apple stock when it reached $126 for the first time BECAUSE I LOVE MY 6 PLUS. I'm not even joking, I sold the company stock because I came to the realization that I like my phone enough that I will likely not upgrade it at 2 years....and I believe others will feel similar, coupled with overall market saturation.
 
I've seen quite a few Apple Watches in the wild. See how anecdotal evidence works?
You have and I haven't. I'm just speaking from my point of view. I have an AW and no one I encounter cares about it. People have always been curious about every Apple product I own. I never said its a failure, I just don't think it's performing as well as they expect it to, that's all.
 
Anecdotal evidences or not, it's not possible to compare Apple's users core base numbers between 2008 and 2015.
So any comparison between iPhone sales in 2008 and Apple Watch sales in 2015 is useless.
Whichever point of view you use.
 
That's actually pretty good, given it's only been shipping for 2+ months.

People forget that Apple only sold 1.39 million iPhones in the FIRST TWO quarters it was available.

http://www.dailydot.com/technology/apple-watch-sales-perspective/
I'm not worried about Watch sales, but that's not really a valid comparison. The iPhone came on the market without a firmly established ecosystem. The Watch came on the market with a pretty fully baked ecosystem and lots of app developers looking for new opportunities. I expect the Watch to do AT LEAST as well.
 
I had a thought about the iPad is going to keep the drop in the Q3 this year to 10m
So what about the future of the iPad?
& no I don't talking about the rumors of the iPad Pro, only about the iPad & mini one
 
Anecdotal evidences or not, it's not possible to compare Apple's users core base numbers between 2008 and 2015.
So any comparison between iPhone sales in 2008 and Apple Watch sales in 2015 is useless.
Whichever point of view you use.

Since the Apple Watch is an accessory, it can't be compared very easily to a standalone product. Anyone can buy an iPad or iPhone without owning another Apple product. To use the Apple Watch, you need to have an iPhone 5 or higher. That's around 350 million total possible customers, not all of whom are in countries where the Watch was available.[/QUOTE]
 
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Actually, Apple stopped "sandbagging" its guidance after Luca Maestri took over as CFO. Also, the consensus on the iPhone was 47 million, so 47.5 million was "in line," though some analysts guided higher. The consensus forecast for Q4 was $50.8 billion, so Apple's range of $49-$51 billion is slightly lower.

Apple already said that the Watch sales were greater than the increase in Other from last quarter because iPod and accessory sales declined. Luca Maestri told the AP that sales after 9 weeks were greater than the iPhone and iPad. We know that it took 74 days for the iPhone to hit 1 million, and the iPad sold 3.27 million in its first 89 days on the market. That suggests that Watch unit sales are probably close to expectations, but perhaps the mix is more toward the Sport than analysts were expecting. Apple is obscuring the data so we don't know for sure.

Apple missed iphone sales estimates by quite a lot.

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That's not true at all. They said, since before the watch even went on sale, that they were intentionally not going to release the numbers for competitive reasons.

They said competitive reasons, they meant they don't want the lower sales shown. Everyone knows what the watch costs, and how will a competitor react if the sales are lower or higher than expected? They can't The watch is like other Apple products, it doesnt really compete, as Apple users will buy one, and non Apple users will buy other brands.
 
Anyone else notice that Tim Cook said that the Apple Watch was being used as a blood pressure logger? I wonder if they will let 3rd party apps access to enough of the heart rate sensor to do that? (it is technically capable of it)
 
Tim Cook also said that Apple Watch supply just caught up with demand a few days ago. That probably explains the rollout to new countries on July 31.
 
Profit 10.7b compared to 7.7b last year. Revenue 49b compared to 37b last year. For a notoriously slow quarter. I'm sorry whats the problem? let people run scared, bring that price down I will just buy more

The iPhone 6 bump, when they caught up with the rest of the world.
 
Looks like iPods have been moved into 'other' this quarter, so you can't look at how much 'other' has risen to work out watch sales.
 
It's more of the same. Apple meets estimates but doesn't "beat" estimates. As a result, Apple stock drops after earnings.

I think the Apple Watch is a major reason for the drop. Tim Cook said that the company would not release Apple Watch sales figures. And he was smart to do so. By controlling the flow of information, he manages expectations. There are murmurs about "tepid" Watch sales that have come out in the last few weeks. It was tacitly expected that Apple would make some kind of announcement that would provide clarity about the Watch. But that did not happen. Apple has let the public continue to speculate.

It is easy to conclude that a company saying little about a new product is an indication that the product is not selling well. This is not always true but in Apple's case, it serves to feed the narrative that the Watch is not doing well.
 
Looks like iPods have been moved into 'other' this quarter, so you can't look at how much 'other' has risen to work out watch sales.
Luca Maestri said as much. He said the actual number is much higher. He hinted that unit sales were at least 2.5 million by noting that it was outselling the iPad at this point.
 
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You have and I haven't. I'm just speaking from my point of view. I have an AW and no one I encounter cares about it. People have always been curious about every Apple product I own. I never said its a failure, I just don't think it's performing as well as they expect it to, that's all.
Quit extrapolating the performance of a product based on your anecdotal experience
 
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