What has the street so spooked? The earnings report didn't look too bad, at least on the surface. Sales and earnings both topped estimates. But there may appear to be issues, operating income shrunk from the same quarter last year and net income was up a minuscule .11% . This is despite an Q1/Q1 annualized 18% rise in sales. Did Apple just [...]
Joseph Gomez, Sr. Investment Advisor and Portfolio Manager Apple was, once again, the star performer in client accounts last week, rising 7.41% and hitting another milestone - $600 per share. The rapid increase in AAPL’s share price has also caused a bit of a problem for analysts, as the stock keeps catching up with their price targets. Right now, the lowest price [...]
Posted by Joseph Gomez Notes of interest from Apple's Q1 2012 conference call By AppleInsider Staff Published: 05:00 PM EST (02:00 PM PST) Apple on Tuesday posted a massive holiday quarter with record sales of more than 37 million iPhones, 13.5 million iPads and 5.2 million Macs. Following the news, Apple executives participated in a conference call with analysts and the press, and notes [...]
Stay In Touch