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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: rnsmth who wrote (92137)2/16/2010 5:02:59 PM
From: sylvester80  Respond to of 213176
 
You are correct and that is my question. What was the drop last year cause this year they are looking for 31% drop (assuming that 6mil number is still correct). If the sequential drop is lower than last year's sequential drop then I would consider that good news for Apple. However, if the drop is much higher than last year then I would view it as bearish, especially if they end up missing their Q2 number.



To: rnsmth who wrote (92137)2/16/2010 5:40:31 PM
From: sylvester80  Read Replies (1) | Respond to of 213176
 
Since nobody came forward with an answer, I googled it and here are the quarter sales for Q1 and Q2 of 2009:

apple.com
apple.com

Q1 2009 4.363 million
Q2 2009 3.79 million

A drop of only 13.2% Q1 to Q2 2009.

If the estimates that I've seen for Q2 2010 iphone sales of 6 million are correct, then that will be a drop of 31% from Q1 2010 sales. And that would be a huge drop off in iPhone sales versus last year. And if the iPhone numbers come even lower than analyst estimates for the 2nd quarter in a row then expect a big sell off on the stock IMO.