Apple after hours announces an earnings that beats their forecasts but misses Wallstreet’s consensus. Stock is down 6.14% in after hours trading.
I think Apple is providing a very conservative forecast but at the same time a lot of people are expecting them to sell more, yet many could be holding back in anticipation for the iPhone 5.
Judging by their recent record sales I would say nothing much has changed. It will be good for the purchase to be carried out at the moving average bands and risk manage if it falls too low below.
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Musicwhiz
Wednesday 19th of October 2011
Ah, a demonstration of the effects of Expectation Theory. Interestingly, I don't think this will be the last time it will be played out, for Apple at least.