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Apple, Inc. (NASDAQ: AAPL) is set to release Q1 earnings next Tuesday for the quarter ended in December. Average analyst estimates peg the tech company's earnings at $1.61 per share, which would be a 41% improvement on last year's quarterly earnings. Although some believe Apple is overvalued on the fundamentals and is overpriced, momentum can sometimes outweigh standard market measures.Apple shares have hunkered down in recent days amid what the market must be considering a mediocre array of announcements this past Tuesday at Macworld. Although a cutting-edge laptop and what I consider to be a paradigm-shifting update to the Apple TV were both announced, there was no iPod or iPhone fever. Unfortunately, panicky market makers started sending Apple's shares down immediately.
But then again, Apple did say that it has sold 4 million iPhones since launch. Next week, we'll get to find out how many of those were sold for the holiday season this year, which could send Apple shares back on an upward trend again. What could be Apple's most anticipated quarterly results in the last four quarters is set for next Tuesday. Stay with BloggingStocks, as we'll delve into the results once they are released.
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Reader Comments (Page 1 of 1)
1-17-2008 @ 12:39PM
EBossmanearlaol. said...
The baby boomers have often been depicted as a big bulge going throught the snake but have you ever considered that the bulge has gotten fatter and fatter as they travel down the snake. the rabbet has grown int an elephant. Most have more disposal income as there homes were bought (1963 $12,000.00 and now have a value exceeding 250,000.00 if sold to-day.)This would allow them to spend this saving, their work pension and their government pensions. Then in most cases whatever is left to their children then the buldge will only get bigger as this is just a matter of time. Hang in there and let the big guys worry as us small guys will be brought along with the next wave. Earl
1-17-2008 @ 4:00PM
Beltway Greg said...
$1.83. Obviously upward guidance going forward.
And, just one more thing .... If you'll check the chart from last year you'll note that Apple actually traded down after the IPhone announcement at MacWorld and I don't think the Ipod initially set the world on fire either. I spoke to four techy friends last evening and they're thrilled about all the new applications and platforms for Apple. Neither owns a single share of stock. We're in a sick market at the moment. When you see stocks exceed earnings and get MC hammered something's up. Impossible to predict in the short term given the current situation. I wouldn't initiate a new position at this point but if you do you'll be rewarded in the long term. Imagine if you had simply bought last year at this time and turned off the computer until today and managed to avoid the strum und drang. You'd be thrilled.
Beltway Greg
Could somebody please get that Fast (Dumb) Money show off of the air? It's idiotic.
1-17-2008 @ 11:05PM
donna said...
Hi", congrat to all of you who have apple shares. its the best stock out there in the jungle. the company has a great product, and its selling it like hot cakes.....its making mad money for its holders.... when the shares split and they will soon,,,,,, maybe will be able to aford it too,,,,
happy apple new year!!!!!!!!!