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Technology Stocks : Apple Inc.
AAPL 261.81-0.2%10:45 AM EST
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To: Road Walker who wrote (122666)12/7/2011 9:29:47 AM
From: slacker7112 Recommendations  Read Replies (1) of 213180
 
I asked before, with Cook running the ship maybe Apple won't low ball guidance as much as they used to, in fact may not have last Q.

That is my point though, they did low ball guidance by a huge amount last quarter. The guidance was for $25 billion in revenue and $5.50 in earnings. They came in at $28.27 billion and $7.05 respectively. They had bigger beats during the recession but the 30% earnings beat is in the range of their historical numbers (on the low-end, but still not out of line).

The quarter might not have been absolutely great, but the big difference was that the analysts had finally adjusted their expectations. It took them years but they finally put out a number that was in the range of Apple's previous beats.

Compare that to this quarter, guidance was for $37 billion and $9.30 while expectations are at $38 billion and $9.75.

So the question is, are analysts overreacting to last quarter's "miss" or did Cook privately signal to analysts that Apple would try to be more accurate with their forecasting. The latter is possible, but would seem out of character for Apple. It would also introduce the possibility of Apple actually missing their own guidance. I find it hard to believe that Apple put themselves in a position where that might happen.

Slacker
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