How will the sea of haters respond to this one?

 

"Apple is doomed."

 

Not ones for originality, them. 

I always love these conference calls if for no other reason than to see how the various pundits and Apple Nay-sayers put the spin on it. Last quarter we saw massive profits (which we shall see again) but which was roundly seen as more signs of "Apple Doom" because it didn't meet the unreasonable expectations set by Wall Street.

 

I fully expect that "Sky Is Falling" falsehood to continue this quarter.

Weird date, not within there usual pattern. Maybe because of the rumor october event.

Last quarter Apple barely meet there own guidance, which is abnormal and was seen as a negative change of the usual trend to beat there guidance by at least 30%. Its the first that happen in years.

PREVIOUS EARNINGS:
2010 Q1 (Ending 12/31/10) Guidance = $4.80; Actual = $6.43;(Beat = 40.0%)
2011 Q2 (Ending 3/31/11) Guidance = $4.90; Actual = $6.40; (Beat = 30.6%)
2011 Q3 (Ending 6/31/11) Guidance = $5.07; Actual = $7.79; (Beat = 53.6%)
2011 Q4 (Ending 9/24/11) Guidance = $5.50; Actual = $7.05 (Beat = 28.2%)
2012 Q1 (Ending 12/31/11) Guidance = $9.30; Actual = $13.87 (Beat = 49.1%)
2012 Q2 (Ending 3/31/12) Guidance = $8.50; Actual = $12.30 (Beat = 44.7%)
2012 Q3 (Ending 6/30/12) Guidance = $8.68; Actual = $9.32 (Beat = 7.37%)

Q4:
APPLE's EPS Company Guidance is $7.65
Consensus EPS estimates currently at $8.61
Note: Apple can now buy back shares for next Quarter (Q1)

If APPLE "beats" their Guidance by only 20% (Equating to an actual EPS of $9.18), then TTM EPS = $44.67...
15 PE = $670.05/sh.;
16 PE = $714.72/sh.;
17 PE = $759.39/sh.;
18 PE = $804.06/sh.;
19 PE = $848.73/sh.;
20 PE = $893.40/sh.

 

I thought that was because Apple now reports earnings differently, in other words their guidance should be more accurate going forward.