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AAPL Stock: 116.47 ( + 0.16 )

Printed from http://www.macnn.com

AAPL down 10 percent following earnings announcement

updated 04:45 pm EDT, Tue October 11, 2005

AAPL down 10 percent

Apple's stock is down more than 10 percent, following the release of record quaterly profit and revenue. The stock, which was up nearly 2.5 percent during markethours, dropped over $5.48 to $46.11 afterhours, following the Apple announcement.




by MacNN Staff

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  1. zoetrope

    Joined: Dec 1969

    0

    First to post

    A good buying opportunity

  1. Macsnscott

    Joined: Dec 1969

    0

    WHY???

    Why does Apple's stock drop after they report GREAT FRIGGIN financials??? Someone please explain this to me?

  1. Saint_Stryfe

    Joined: Dec 1969

    0

    It's how the market work

    YOu buy on bad news, and sell on good. Is it backwards? Welcome to the stock market. I'd buy right now, and most intelligent people would too I'd imagine.

  1. Sondjata

    Joined: Dec 1969

    0

    The Selling Tradition

    continues. ;-)

  1. Swift

    Joined: Dec 1969

    0

    Wall Street = idiots

    This means, I guess, that about 10% had bet that Apple would do better than this, and bought in anticipation. Then, they sold at what they thought would be the peak.

    Which makes tomorrow's announcements even more interesting.

  1. Sappomanno

    Joined: Dec 1969

    0

    I think

    the issue is the growth of only 5% of the ipod sales

  1. eldarkus

    Joined: Dec 1969

    0

    Confused...

    Someone needs to explain this to me. Analysts have projected AAPL at $60 (futurecast of one year). They were also guesstimating .37/share growth. Soso we have .49/share growth. I can't imagine people were dumb enough to think they were going to better than the analysts suspected, let alone what Apple actually did this Q.. So why does it plummet?

    Should I stop thinking logically? Is that my problem?

  1. RDJL27

    Joined: Dec 1969

    0

    Answer:

    The reality is, that it did not meet blown out analyst projections, especially for iPod sales. It beats Apple's own guidance (I believe Apple has beat their own guidance for all quarters since except for Q3 2000 since 1997). Investors had been inflating Apple stock price for WEEKS, this is the result of overblown predications and complex analyst calculations that did not pan out.

  1. Paul Huang

    Joined: Dec 1969

    0

    market ≠ logic

    One cannot apply any kind of "logic" to the stock market.

  1. myramoki

    Joined: Dec 1969

    0

    Roll With The Flow

    Having owned some Apple stock for well over 5 years, there are two things that seem certain:

    1. Apple announces good news, stock goes down. 2. Apple announces bad news, stock goes in the crapper.

    If Apple were to announce "MS quits OS business, license OS X" the stock would still tank.

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