Consumer Electronics
Apple's Guidance Looks Light Rather Than Just Conservative (AAPL)
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Apple Inc. (NASDAQ: AAPL) has posted EPS at $1.76 on its earnings today with $9.6 Billion revenues; Estimates out of First Call were $1.62 EPS on revenues of $9.47 Billion.
Next quarter is looking very light after we warned that "conservative numbers" might be taken differently this time compared to Wall Street always giving the company a pass on light guidance. It sees $0.94 EPS and revenues at around $6.8 Billion, But… estimates are $1.09 EPS on $6.98 Billion in revenues.
- 22.121 million iPods,under some estimates north of 24 million.
- roughly 2.315 million iPhones sold.
- shipped 2.319 million Mac’s.
Apple closed down $5.72 or -3.54% at $155.64 in regular trading and the 52-week trading range is $82.86 to $202.96. Unfortunately shares are down almost 10% at $140.10 in after-hours trading. A weak consumer may have a hard time justifying a new lighter laptop that runs some $1,800 before you turn anything extra on it.
Jon C. Ogg
January 22, 2008
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