The Berry faced queer and his stock...

**the Artie Chair** · 01-24-2013, 10:02 AM

AAPL will bottom out at about $425 and come back strong in 3rd quarter this year as Christmas orders come in to play and new techno is introduced. In the meantime Ralph's net worth which topped out at about $725 in 2012 is down to about $460 as of noon today.

**Murcielago** · 01-24-2013, 10:12 AM

Lotta hedge funds are being stomped this week because of Apple. iPhone sales were lower than expected and there is a feeling that the smartphone market is largely tapped. Apple is moving into some cheaper product categories and that will limit the huge profit margins they have enjoyed thus far.

**StRyDeRxX** · 01-24-2013, 10:14 AM

There's also the fact that quite a few Apple stock owners that got in early (like Ralph) wanted to avoid Obama's new tax rates so they dumped a good portion of their stock and paid the lower rate.

**Goo For You** · 01-24-2013, 10:18 AM

Originally Posted by StRyDeRxX

The stock is getting hammered because Apple stock has never traded based on profits.

But if that's the case, why would the stock price plummet right after they announce their latest profits?

**chuk** · 01-24-2013, 10:19 AM

Originally Posted by StRyDeRxX

I provided a link to avoid any confusion but it seems that some people didn't actually read the news. Q1 2012 Apple had 46.33 billion in revenue. Q1 2013 Apple posted 54.5 billion in revenue!

And that REVENUE was BELOW expectations.

**quitefrankly** · 01-24-2013, 10:20 AM

so is ralph gonna jump or not

**StRyDeRxX** · 01-24-2013, 10:22 AM

Originally Posted by chuk

And that REVENUE was BELOW expectations.

Ugh... not you again. READ THE ARTICLE! Quote: The results narrowly beat the consensus Wall Street projections, which had Apple posting a $12.8b profit on $54.8b in revenue. Apple also beat its own estimates, which were $11b in profits on $52b in revenue.

**chuk** · 01-24-2013, 10:29 AM

Originally Posted by StRyDeRxX

Ugh... not you again. READ THE ARTICLE! Quote: The results narrowly beat the consensus Wall Street projections, which had Apple posting a $12.8b profit on $54.8b in revenue. Apple also beat its own estimates, which were $11b in profits on $52b in revenue.

You are clueless. Please stay away from the stock market. The EPS beat the estimates. The REVENUE was below estimates. Exactly like dave said. Here's a clue:

"The $54.5 billion in fiscal first-quarter revenue, another company best, missed analyst forecasts of $55 billion, while profit margins were down to 38.6 percent from 44.7 percent a year ago".

No one gives a shit about Apple's estimates. it's all about what the street expects. Let me guess, you are long AAPL?

**StRyDeRxX** · 01-24-2013, 10:29 AM

Originally Posted by Goo For You

But if that's the case, why would the stock price plummet right after they announce their latest profits?

The stock has been taking a beating for a while now. In September 2012 the stock was at $702 per share. I personally believe that the 10% drop we're seeing today is based solely on the share holders meeting that took place yesterday. Tim Cook gave vague answers to questions about new products or goals for the year. The market is losing confidence in his ability to out innovate the competition. Google's Android platform and internet services are gaining traction while Apple is basically treading water at this point.

**Goo For You** · 01-24-2013, 10:39 AM

Originally Posted by StRyDeRxX

The stock has been taking a beating for a while now. In September 2012 the stock was at $702 per share. I personally believe that the 10% drop we're seeing today is based solely on the share holders meeting that took place yesterday. Tim Cook gave vague answers to questions about new products or goals for the year. The market is losing confidence in his ability to out innovate the competition. Google's Android platform and internet services are gaining traction while Apple is basically treading water at this point.

Oh they had a shareholder meeting too! I see, I see...

Very good reasoning. Me likey.

**StRyDeRxX** · 01-24-2013, 10:39 AM

Originally Posted by chuk

You are clueless. Please stay away from the stock market. The EPS beat the estimates. The REVENUE was below estimates. Exactly like dave said. Here's a clue:

"The $54.5 billion in fiscal first-quarter revenue, another company best, missed analyst forecasts of $55 billion, while profit margins were down to 38.6 percent from 44.7 percent a year ago".

No one gives a shit about Apple's estimates. it's all about what the street expects. Let me guess, you are long AAPL?

You have a personal bias so I understand what's happening here. I did own quite a few shares of Apple stock but to avoid the increased capital gains tax I liquidated so I have no vested interest in anything Apple right now.

**Beer Chugger** · 01-24-2013, 10:41 AM

Originally Posted by Dead Air Dave

Revenue missed their goals big time.

Its down 10%

This ceo is not a good fit

They need to bring down the build costs of the iPhone or they're fucked

They need to dig up Steve Jobs rotted corpse.

**StRyDeRxX** · 01-24-2013, 10:42 AM

Originally Posted by Goo For You

Oh they had a shareholder meeting too! I see, I see...

Very good reasoning. Me likey.

I'll correct myself. It was an earning call not a shareholders meeting but some interesting questions did come up and the answers to those questions were vague at best.

**chuk** · 01-24-2013, 10:47 AM

Originally Posted by StRyDeRxX

You have a personal bias so I understand what's happening here. I did own quite a few shares of Apple stock but to avoid the increased capital gains tax I liquidated so I have no vested interest in anything Apple right now.

What personal bias? I own an iPhone 5 and an iPad 4. Don't confuse a product with a stock.

**TeeDonkey** · 01-24-2013, 10:49 AM

Just wondering.....

Maybe the price is affected by futures? Maybe apple didn't wow the public /critics with new tech products and futures people feel the value/stock should be lower.

Just a thought .....?