AaplEarnings
Latest
Apple stock opens about 5% down, but most analysts remain calm
At the opening bell this morning, AAPL was down 5%, erasing about US$15 billion dollars of the company's market value. As of this writing, Apple is trading at $336. It's not time to get out on the ledges, however, as many experts think an expected blow-out earnings call later today could erase the losses. Of course, the stock value picture is always most interesting over the long run, and will also be impacted by how long Steve Jobs is out on medical leave. Many investors are sitting on the sidelines waiting to see the results of the earnings call, and some are predicting Apple will announce a 50% increase in quarterly sales this afternoon. Other analysts expect lower earnings and revenue. Apple made the announcement about the medical leave yesterday on a US holiday when American markets were closed. When Jobs announced his previous leave, the stock lost about 8% in two days. Last Friday, Apple stock was at a 52 week high of $348 per share.
Join TUAW for Apple Q4 earnings call liveblog at 5 PM EDT today
Time flies when you're having fun -- it seems like it was only a few weeks ago that we were enjoying the Q3 earnings report from Apple, Inc. Well, today the wizards of Cupertino are on the phone again with top Wall Street analysts to report how the company did during the fourth quarter (July - September, 2009). Many analysts are expecting Apple to continue its recession-defying high wire act, with an analyst poll by Thomson Reuters Financial showing an earnings forecast of US$1.42 per share. That's 13 percent over the same quarter a year ago, and higher than Apple's own forecast of US$1.18 - US$1.23 per share. As usual, we'll be covering the earnings call via CoverItLive. Drop by TUAW at approximately 5 PM EDT (2 PM PDT) and join us. Bring your questions, and we'll supply the news and commentary.
