Linked by Thom Holwerda on Tue 23rd Apr 2013 22:35 UTC
Apple "Apple just posted its hotly-anticipated Q2 2013 earnings, and the company posted a profit of $9.5b on revenues of $43.6b, compared to $11.6b in profit on $39.2b in revenue this quarter last year and $13.1b in profit on $54.5b in revenue last quarter. That's right in line with the company's guidance from last quarter. Most importantly, iPhone sales are fairly flat year-over-year. Apple sold 37.04 million in Q2 2013 versus last year's 35.1 million, a modest growth of seven percent. iPad sales for the quarter were 19.5 million, up a massive 65 percent from last year's 11.8 million, but the average selling price (ASP) dropped fairly steeply year-over-year, likely due to the introduction of the cheaper iPad mini."
Permalink for comment 559657
To read all comments associated with this story, please click here.
the past is irrelevant
by unclefester on Thu 25th Apr 2013 05:07 UTC
Member since:

Investment fund managers don't really care about the past. They are interested in future earnings.

Fund managers are looking for potential "10 bangers" (companies that will increase 10-fold in value) or high yielding dividend stocks. Apple is neither.

Therefore the only future for the Apple stock price is down. Expect brokers to downgrade AAPL to hold or sell within six months.

BTW in stockbroker parlance Buy means only keep your existing holdings, Hold means sell quickly and Avoid means dump immediately.

Reply Score: 3