Why? Cook said last year they weren't going to.Not a great sign they haven't posted Apple Watch numbers.
Why? Cook said last year they weren't going to.Not a great sign they haven't posted Apple Watch numbers.
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.
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.
Apple used to sandbag their guidance, they don't anymore under Cook.Missed iPhone sales estimates. Only $2.64B in "other" category = weaker than expected watch sales. Lower than expected Q4 guidance, even after taking into account that Apple sandbags their guidance.
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.
You have zero idea what Apple has in the pipeline. And neither does anyone else outside the Inner Circle. Sell your shares of you like. Apple value will be juuuuuust fine.Down 7% already after hours. Wall Street sees the future growth slowing down for iPhones. Their stock will be a function of iPhone and nothing more. I've said before that as soon as iPhone growth slows due to global saturation, and potential upgrade cycles slow as well, the stock will get crucified. That day is nearing.
EDIT: Will be interesting to see if the earnings call can bounce it back if Tim gives any confidence towards timing of iPhone cycles and what type of cycle they expect with the 6s.
And what were these estimates based on?Apple missed iphone sales estimates by quite a lot.
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Why does it matter to you?Quit extrapolating the performance of a product based on your anecdotal experience
I'm afraid that the double whammy of the Apple Watch flop and the Apple Music flop has taken its toll on the stock price.
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.
They are not bad, either, despite what posters on MacRumors say.
Cool story bro. People have been saying that since the iPhone 3GS.Down 7% already after hours. Wall Street sees the future growth slowing down for iPhones. Their stock will be a function of iPhone and nothing more. I've said before that as soon as iPhone growth slows due to global saturation, and potential upgrade cycles slow as well, the stock will get crucified. That day is nearing.
EDIT: Will be interesting to see if the earnings call can bounce it back if Tim gives any confidence towards timing of iPhone cycles and what type of cycle they expect with the 6s.
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.
Agree as I stated in a later post, I should have added IMHOBut since we don't know, there's no way to really tell.
It's still 7.4% down a minute ago, where are you getting your numbers?Hah. 1/2 hr after the tumble the price is back up. What a bunch of suckers that sold. My chart looks like 1 million idiots sold right after the close during the slide. The same crooks that scared them probably bought the shares when they were -8%. It went back up as fast as it went down.
This is why we will continue to see bond issues to capitalize domestic expansion, buildings, servers, and supply chain.conference call said:2:23 pm $202.8 billion in cash, 89% of the total is offshore.
How many times has the stock went down right after good news, or just randomly did this or that? It's the stock market, one of the biggest gambles out there. Tons of people have theories as to work out the meaning and predict everything, but the simple reality is it's still all a gamble and things still happen one way or another even if logic and common sense might imply something else.I'm afraid that the double whammy of the Apple Watch flop and the Apple Music flop has taken its toll on the stock price.
Tim Cook is veritably sullying the name of Apple, which Steve Jobs did so well to cultivate. All his good work is become unravelled with Cook's political pandering and lack of focus or vision.
Shares down 8% after hours.
Ameritrade app shows it back up right around 5:30 PMIt's still 7.4% down a minute ago, where are you getting your numbers?