Results 1 to 3 of 3

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.

Thread: Ominous Signs Lurk Ahead of Apple's July 23rd Earnings Report

  1. #1
    What's Jailbreak? Michael Essany's Avatar
    Join Date
    Aug 2009
    Valparaiso, Indiana
    Thanked 1,491 Times in 577 Posts

    Default Ominous Signs Lurk Ahead of Apple's July 23rd Earnings Report

    Last week, Apple confirmed that it will hold its quarterly conference call for the third fiscal quarter of 2013 on July 23rd. Per the usual routine, Apple CEO Tim Cook and CFO Peter Oppenheimer will provide insight into the company's performance over the last three months.

    And there's a good chance that performance won't impress.

    In recent days, Forbes reported Monday, "new ominous data points for Apple" have emerged that could indicate Apple will disappoint investors and Wall Street in two weeks.

    First Samsung reported lower than expected earnings estimates. Galaxy S4 from Samsung is the main rival of iPhone 5... Taiwan’s HTC, another big player in the high end smartphone market, also reported lower than expected earnings.
    If the high-end smartphone market is truly as saturated and sluggish as some analysts believe (and the earnings of other competing companies suggest), then Apple may also be in trouble. And let's not forget that during Apple’s last quarterly conference call, the company admitted that profits had slowed down for the first time in ten years.

    According to Forbes contributor Nigam Arora, if Apple were to report earnings close to the low end of estimates, the stock has further to fall. Shares of AAPL closed at $415.05 on Monday. Fortunately, however, Arora thinks that the next major sell-off could represent a golden opportunity for bottom-picking market watchers and investors.

    "If such a fall were to occur," he writes, "in my analysis it will be a buying opportunity as the fall will mostly complete a transition of Apple stock ownership from growth investors to value investors."

    Source: Forbes

  2. #2
    Livin the iPhone Life bigboyz's Avatar
    Join Date
    Feb 2009
    North East Coast
    Thanked 430 Times in 265 Posts

    Doesn't this occur on all yearly refreshes? Whats the news? Old model is getting replaced and no one is buying it as they did a year ago. #'s can be misleading as they also need a time line.

  3. #3
    "Profits slowed for the first time in 10 years..."
    Name a company that hasn't had profits slow at some point in the last ten years. Still making billions in profit with hundreds of billions of cash in bank.

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts