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

To: Keith Feral who wrote (149044)	1/24/2013 10:20:18 AM
From: almaxel	6 Recommendations Read Replies (3) \| Respond to of 213172

Apple CEO Tim Cook: ‘No technology company has ever reported these kinds of results’ ......."• if you look at the previous year, our Mac sales were about 5.2 million [units]. This year, they were 4.1 million and so the difference is 1.1 million. And so let me try to bridge that. iMacs were down by 700,000 units year-over-year. As you remember, we announced the new iMacs late in October and when we announced those, we announced that they would ship, the first one, the 21.5-inch would ship in November and we did ship it at the end of November, we announced that the 27-inch would ship in December and we did ship that in mid-December. And so there were limited weeks of ramping on these products during the quarter, we left the quarter with significant constraints on the iMac. And we believe we know that our sales would have been materially higher if those constraints would not have exist. We tried to tell people this on the conference call in October, I think I said that we would have significant constraints on iMacs, but I recognized to some folks this maybe to surprise… Number two, if you look at last year… we had 14 weeks in the quarter. We have 13 weeks in the quarter this year. Last year, in the average week, we sold 370,000 Macs. The third part of the bridge here would be that our channel inventory was down from the beginning of the quarter by over 100,000 units. And that’s because obviously we didn’t have the iMacs channel inventory was in significant constraint. So, if you just take these three factors, they bridge more than the difference of between this year sales and last year sales."

To: Keith Feral who wrote (149044)	1/24/2013 10:23:01 AM
From: manalagi	Read Replies (3) \| Respond to of 213172

Is bond guru Gundlach more credible than Munster? Apple Inc. (AAPL) Down 10%: Munster Defends, Gundlach Says $300 January 23, 2013 By Jacob Wolinsky Pipper Jaffray’s Gene Munster, who is one of the biggest AAPL bulls, is still positive about the company. He notes: While iPhone numbers were mildly disappointing, our initial look at Apple’s December quarter results does not sway our long term confidence in the iOS ecosystem. The December iPhone number, which we believe is the most important number for the company, came in at 47.8 million compared to the 50 million buy side bogey we talked about in our previous note. For March, the company guided to $41-43 billion in revenue compared to our expectation for a $41 billion guide. Net-net, while we believe the iPhone number may appear disappointing, the slightly better guide implies that investors may not need to continue to worry about noise regarding continued iPhone build decreases for March. Analysts at Mizuho securities note: Apple’s results were largely in-line with consensus. AAPL reported inline results for iPhones and iPads and its Mac units significantly underperformed the PC market. Lack of upside to iPhones was disappointing as well as management’s gross margin outlook, which indicates that the shift to lower margin products will continue to weigh on Apple’s results in the near term. Analysts at Jefferies note: FQ1 (Dec) GM, and EPS exceeded consensus but fell short of our estimates. In particular iPhone shipments of 47.8M (JEF 53M, St 48.3M) were disappointing. Typically conservative revenue and GM guidance was better than many feared for, though implied EPS may be a bit light. AAPL is covered by 68 firms according to Reuters, and many firms have not issued reports yet. However, bond guru, Jeff Gundlach, who has been short AAPL for some time has. Gundlach placed a price target of $425 on shares of the tech giant. On CNBC today Gundlach said shares could go as low as $300 (H/T Julia La Roche) Disclosure: No position google.com [/iframe]