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News Breaks
April 24, 2012
11:10 EDTAAPLEarnings Preview: Apple could show a modest beat for Q2
Apple (AAPL) is expected to report Q2 earnings after the market close on Tuesday, April 24, with a conference call scheduled for 5:00 pm ET. The consensus estimate is $10.06 for EPS and $36.81B for revenue, according to First Call. Apple guidance for Q2 is EPS of about $8.50, on revenue of $32.5B. Whisper numbers are for EPS of $11.57, revenue of $41.87B, and gross margin at 42.1%. Whisper for units sold: iPhones: 31.73M, iPods: 15.77M, iPads: 14.17M, Macs: 5.14M, compared to Q1 reported figures of 37.04M iPhones sold, 15.4M iPods, 15.43M iPads sold, and 5.2M Macs sold. Without leadership from Apple tonight, some feel it is going to be tough for the market to escape its recent funk. Investors will be paying particularly attention to iPhone sales, given recent worries of a slowdown. The iPhone accounted for 52.66% of Apple's revenue in its most recent quarter. Concerns about iPhone sales grew last week, when Apple supplier Qualcomm (QCOM) said it's seeing supply constraints for its 28 nanometer chips during its Q2 earnings call. There are also concerns that telecom giants AT&T (T) and Verizon (VZ) may cut subsidies for the iPhone, as it's proven to weigh on their margins. This leaves the potential for Apple to sell fewer phones. Verizon said it activated 3.2M iPhones during the last quarter, down from 4.2M the previous quarter. AT&T announced Tuesday that it activated 4.3M iPhones during its Q1, below Wall Street expectations. Piper Jaffray's Gene Munster said he believes the fears of a subsidy cut are overblown. Jon Najarian, co-founder of thinks that Apple's Q2 focus will be about Mac sales and outlook going forward -- rather than the iPhone 4S and new iPad. There hasn't been a refresh on Mac products in over a year. Mac accounts for roughly 15% of Apple revenues. Najarian wonders not if Apple can top estimates, but "how big the beat will be." With EPS of $9.95 as the base case Najarian "wouldn't be surprised to hear a $10.50 or $11.00 number." Wedbush's quarter preview said that Mac sales could be soft ahead of a refresh. Wedbush estimates Q2 Mac shipments worldwide of 4.3M units, up 14% year-over-year, but down 18% quarter-over-quarter.
News For AAPL From The Last 14 Days
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August 21, 2014
11:44 EDTAAPLHP hits 52-week high after solid revenue growth, positive analyst commentary
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10:34 EDTAAPLOptions Update; August 21, 2014
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10:03 EDTAAPLActive puts at CBOE
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10:02 EDTAAPLActive calls at CBOE; AAPL C HPQ
Active calls at CBOE; AAPL 8/22/14 100 & 100, C Jan 55, HPQ 8/29/14 36
09:37 EDTAAPLActive equity options trading on open
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August 20, 2014
16:01 EDTAAPLOptions Update; August 20, 2014
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13:46 EDTAAPLVerizon looking to build app store, The Information says
Verizon (VZ) is looking to partner with other companies to build an app store, according to The Information. Verizon's app store would compete with Google (GOOG) and Apple (AAPL), which already sell smartphone software, The Information noted. Reference Link
11:15 EDTAAPLGT Advanced retreats after analyst downgrades stock
Shares of sapphire maker GT Advanced (GTAT) are falling after research firm CLSA downgraded the stock in a note to investors today. The firm cited concerns about increased costs associated with the company's deal with Apple as the main reason for the downgrade. WHAT'S NEW: GT Advanced's costs associated with its deal to supply sapphire to Apple are being impacted by low yields, CLSA analyst Mark Heller wrote after speaking with strategic consulting firm Yole Développement. Lower yields will reduce the amount of sapphire that GT Advanced can produce for Apple, and will negatively affect GT’s profit margins, explained Heller. He believes that GT Advanced's risk/reward ratio is balanced at current levels, and downgraded his rating on the shares to Underperform from Outperform. However, he raised his price target on the shares to $19 from $18. PRICE ACTION: In late morning trading, GT Advanced fell 2% to $18.
09:38 EDTAAPL, AAPLGT Advanced downgraded to Underperform from Outperform at CLSA
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09:36 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
06:28 EDTAAPLApple could delay iWatch until 2015, FT Alphaville reports
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August 19, 2014
17:14 EDTAAPLOn The Fly: Closing Wrap
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16:00 EDTAAPLOptions Update; August 19, 2014eBay
iPath S&P 500 VIX Short-Term Futures down 28c to 27.52. Option volume leaders: AAPL C HD PBR GILD AA NFLX TWTR TSLA EBAY according to Track Data.
14:19 EDTAAPLCarl Icahn says increased Apple position over past year
Carl Icahn tweeted in regards to Apple, "All my chips still on the table and in fact increased position over past year." Icahn added that anyone who invested in Apple last year when he recommended the stock would be up 53% including dividends.
13:54 EDTAAPLCarney a contender to take over top communications job at Apple, Re/code says
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12:40 EDTAAPLApple nears life high, levels to watch
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12:27 EDTAAPLIcahn says 'very sizable' shareholder of Apple, has not sold share
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11:57 EDTAAPLApple shares reach $100, up 84c or 1%
09:38 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
06:32 EDTAAPLMorgan Stanley recommends adding to Apple positions
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