Apple earnings predictions
$60-$61 billion in revenue.59 million iPhones and 26 million iPads sold. 4.5 million macs. Gross margins recover to 39%. Stock flat to slightly up in after-hours trading. Amazon and Google might go up though. P/E ratio might fall to 13 on the stock, making it the biggest and one of the cheapest, and one of the most profitable large companies to invest in on the S&P 500 index.
Wow, look at the egg on my face today.
Anyway, I used this opportunity to buy a couple more shares of the stock, given that it just plummeted 8% after growing earnings 6% over this quarter last year, and beating almost every sales record. Absurd.