AAPL is down significantly today ahead of Apple’s fiscal Q4 earnings call scheduled to take place tomorrow, despite the usual predictions of growth across the board by the market and the majority of analysts.
Apple shares were down around 2.70% to approximately $115 at time of writing, which Reuters noted this morning made it “the biggest drag on the three major indexes.”
As for what the market is expecting at Apple’s earnings call tomorrow, the average from analyst estimates predicted around 48.72 million iPhone units sold, which would represent growth from the 39.72 million units it sold in the same quarter last year. Of note, however, is the fact that China wasn’t included in the initial launch and thus not included in sales for Q4 earnings last year.
iPad sales would be the one area that investors should expect less than stellar results if past quarters are any indication, but we could see Tim Cook talk up the new iPad Pro expected to launch in the coming weeks as major opportunity for growth going forward.
And while Apple is unlikely to break out any sort of solid sales numbers for Apple Watch, the analyst estimates are all over the place ranging from as low as 2.5 million units to 6 million units during the quarter with an average of almost 4 million.
During its Q3 2015 earnings, Apple offered guidance for the upcoming fourth quarter results of revenue between $49 billion and $51 billion, and a gross margin between 38.5 percent and 39.5 percent. Wall Street is estimating an average of around $51 billion, on the high end of Apple’s guidance for the quarter.
While Apple reported record iPhone sales with the launch of its iPhone 6s and 6s Plus, Wall Street didn’t respond positively and AAPL stock didn’t rise, which at the time was thought to be due to expectations related to the addition of China as a launch market.
As always, we’ll have full coverage of Apple’s Q4 2015 earnings call tomorrow.
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Typical Anal-sists style for Apple. Google can barely make forecast and will rise $60 a share. Apple has been having record earnings for the past 10 years and its stock always goes down with made up stupidity excuses.
1) This always happens before their earnings call
2) AAPL may be down, APC.F is down even more; 3.05%
jeez – have a look at the 5 day. 111 last week, pretty stable, up a bit on Friday, back to where it was on Thursday now this Monday
Tomorrow after calls they’ll nitpick for sure to find one little figure that aint up to par to drive the shares down… Anyways, if they can shave off 4-5 % today AAPL won’t see all-time high in at least 4-5 months no matter how high above the roof the financials will unfold tomorrow. No way the price will rise above 5-6 % on spectacular earnings.
Just keep driving this stock down with all sorts of excuses. In a way, Apple can be blamed for its own treatment on Wall Street. Apple should have taken that $140 billion and plowed it back into the company by purchasing some huge company that’s a leader in cloud services to increase its revenue. It seems to work for Amazon quite well. Wall Street keeps endlessly praising Amazon’s AWS and Microsoft’s Azure like having cloud services is the best thing a company can have. Instead, that $140 billion went into stock repurchases and down the toilet because it hasn’t done anything for Apple’s share price and greedy Icahn says Apple needs to spend even more money on stock repurchases. There is no praise for Apple at this point, only criticisms. Lack of innovation, lowered iPhone sales, non-existent iPad sales, poor economic headwinds, etc. Each day up until earnings, the articles of doom will continue. And then I’ll have to see Tim Cook’s laughing face as Apple’s share price tanks for yet another quarter. Lost in translation… Apple’s internal wealth vs stock value. Amazon, Alphabet and Microsoft carrying fat P/Es while Apple can’t break 14. Amazon’s five-year share gains chart looks like 45 degree incline while Apple’s looks like a roller coaster and then flatlines at the lowest point. You’ll never hear anyone say, “Amazon’s gains can’t last.” They just keep saying, “Amazon has lots more room to run.” Only Apple is destined to crawl. A 5% Apple share price gain is far too much so we better knock it down to 2%. It really sucks to be an Apple shareholder for 2015.
Apple will continue to repurchase stocks until it’s enough to go private. Fck the WS stock manipulations. Go private, Apple.
Everybody! Everybody! No need to speculate on why AAPL is down before the press release! The reason is because Dialog Semiconductor, a major supplier for Apple, has reported weak data. It’s all that investors can count on before Apple’s press release. Some investors will keep their AAPL shares upon hearing this news, whereas others will sell to play it safe. Mystery solved.
The game with Apple is simple. They depress the market, by making some big bets that it will fall after the announcement. This is will get millions of rubes to contribute their bad bets to the winners, the same people who pushed it down today. It happens so often, I’d advise anybody with money to spare to buy up a little and take the elevator up in the next day or two with the big boys.