07-24-2012, 02:44 PM
It all depends on China. We already know iPhone sales in the US are down quarter to quarter (as expected, with people waiting for the iPhone 5) from Verizon and AT&T reports. Chances are that Europe is going to be down as well, probably even more. China is the wild card - the economy is cooling there as well, but they love Apple stuff.
If China is weak, earnings will probably miss. If China sales are up from last quarter, though, it could be a blowout. Either way, outlook for next quarter will likely be very conservative, if the iPhone 5 isn't due until October.
It doesn't really matter either way, except in the short term. With the iPhone 5, iPad mini, refreshed iPods, refreshed macs, and maybe iTV all coming in the next few months, the stock should be way higher by the end of the year. Almost all my call spreads are for Jan 2013.
If China is weak, earnings will probably miss. If China sales are up from last quarter, though, it could be a blowout. Either way, outlook for next quarter will likely be very conservative, if the iPhone 5 isn't due until October.
It doesn't really matter either way, except in the short term. With the iPhone 5, iPad mini, refreshed iPods, refreshed macs, and maybe iTV all coming in the next few months, the stock should be way higher by the end of the year. Almost all my call spreads are for Jan 2013.
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market