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Old 01-23-2013, 08:13 PM   #54
6th Gear Member
Join Date: Dec 2008
Location: Canada
Posts: 1,367
Originally Posted by sirex View Post
You guys want proof that the market is rigged??

AAPL falls to $460 after hours, on realease of earnings. Even though AAPL has broken revenue, and profit records in a quarter.


lol rigged..

after reading the report, it's the guildance that caused the after market sell off to $460

This qtr the revenue is $54 billion but the gross margin at 38.6% is lower than a year ago of 44.7 % same qtr..and the guildance between $41 to $43 (lower revenue than this qtr) triggers the sell off

Apple is providing the following guidance for its fiscal 2013 second quarter:

• revenue between $41 billion and $43 billion

• gross margin between 37.5 percent and 38.5 percent

Shares of the Cupertino, Calif., company fell 10% in after-hours trading to $462.46 as the increased product sales failed to satisfy Wall Street's expectations. The results built on growing concerns that Apple may be losing its edge with consumers and have a tough time topping its past success.

"It is a decent, but not a great quarter for them," said Patrick Moorhead, analyst at Moor Insights and Strategy. He noted that the gross margins in the quarter, falling to 38.6%, may be a sign that the company's pricing power is slipping.

"It portends to a perceptual shift that Apple is no longer ahead," he said.

Last edited by damameke; 01-23-2013 at 10:34 PM.
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