$AAPL is no longer an interesting company. Under the direction of Tim Cook, the company is geared to avoid risk and has fallen behind Samsung in nearly every facet of innovation. This is more of a finance company now, compiling cash at a record pace and keenly focused on creating free cash flow.
For the quarter, Apple beat on both the top and bottom lines. They issued downside guidance; but no one really gives a shit about that.
Reports Q1 (Dec) earnings of $3.36 per share, $0.14 better than the Capital IQ Consensus of $3.22; revenues rose 3.3% year/year to $78.35 bln vs the $77.26 bln Capital IQ Consensus. Gross margin 38.5%, in-line with estimates vs. 40.5% last year.
iPhones 78.3 mln vs 77.3 mln ests and 74.8 mln last year.
iPads 13.1 mln vs 14.7 mln ests and 16.1 mln last year Macs 5.4 mln vs 5.2 mln ests versus 5.3 mln last year.
Co issues downside guidance for Q2, sees Q2 revs of $51.5-53.5 bln vs. $54.05 bln Capital IQ Consensus; gross margin between 38-39% vs 38.7% ests and 39.4% last year.; operating expenses between $6.5 billion and $6.6 billion; other income/(expense) of $400 million; tax rate of 26 percent
All people care about are iPhone sales and they crushed it.
Co reported Q1 iPhones of 78.3 mln vs 77.3 mln ests versus 74.8 mln last year.
Co reported Q1 iPads of 13.1 mln vs 14.7 mln ests versus 16.1 mln last year.
Co reported Q1 Macs of 5.4 mln vs 5.2 mln ests versus 5.3 mln last year.
And then there’s this guy, livestream shorting $AAPL with his entire net worth wearing a fucking wolf mask. LOL
Tfw you short $AAPL with the last of your inheritance and broadcast it live wearing a wolf mask. #AllinApple https://t.co/4DY1W2aX54 pic.twitter.com/5bXkwY1rgZ
— G. S. Iyer (@iyer_gs) January 31, 2017
Here’s some background on the aforementioned man wearing the wolf mask.
And, he did an interview with Chicago Sean discussing this stupid trade in detail.
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That guy is one Of the dumbest humans to exist.
What do you expect? He’s a “Furry”, likely sleeps outside his species with his back turned.
He is a PSA for gambling addiction and stock trading.
It’s a real life Devil Dog, Mr. Fly.
Is it bad laughing my ass off at his expense? I hope Apple opens at 128
I want it to rally to 128 after hours then open at 118, just to keep the guy alive long enough to watch him do it again
I feel bad for the dude
Squandered a 2 million dollar inheritance….? Then bets the remaining 250k on an earnings play…?As bad as I feel for the guy, he doesn’t deserve to have money.
anyone else seeing the chatter about his account beginning with DU? Interactive Broker accounts starting with DU are paper trading or demo accounts (DU=Demo User).
The guy is a notorious troll on /r/wallstreetbets. It was fake and allowed to be posted for entertainment by the mods.
Looks fake, but listening to the podcast, the dude sounds pretty desperate
He could have been using the demo account to a mirror a real trade. He may have wanted to hide his real account info.
I don’t always live stream myself losing my personal fortune, but when I do I wear a wolf costume.
Stay wolfy, my friends.
I’m a squirrel and I protect my nuts!
Obviously the guy thinks he is the personification of the “wolf of Wall Street”. No?
Eh?
If this is for real, his money managing skills are sorely deficient.
$2.5MM in a nice safe investment account at any old bank should be worth about $125,000 per year in interest. Even after taxes on earnings that’s a nice tidy sum anyone could live on. Maybe not high roller style, but a high 5 figure bottom line would be welcome news to 90% of the population in the US or Canuckistan.
Fly must have banned Frog
I thought only 1 week cool down period.