Apple’s EPS of
$1.85 was a modest beat of expectations of $1.81, while revenues also beat
consensus of $49.4 billion fractionally, printing at $49.6 billion; and operating
margin also beat slightly coming at 39.7% above the exp. 39.5%. So, what is the
problem? Apple stock should be soaring with its announcement today. Well, the
stock is not up, but it is down in after-hours by 7%.
Apple reported
that it shipped 47.5 million iPhone shipments missing expectations by 1.3
million units. But the biggest surprise
was in China, Apple sales plummeted by 21% from $16.8 billion to $13.2 billion. Also, there was no mention of the number of
units sold for either the iWatch or Apple TV.
Therefore, given the above announcement by Apple today, can you identify its current Stage (1, 2, 3, or 4)? Maybe end of the Stage 3 Distribution Phase? In the old days of doing charts by hand, I noticed something very interesting. That is, when I ran out of room on either the bottom or top of the chart page, something usually happened, such as a key reversal. We maybe at one of those critical points now in that AAPL has run out of room at the top of the page. Entering Stage 4, anyone?
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