2012/01/25

AAPL

The vast majority of Tuesday’s range was jammed up again. Five continuous hours of the day traded in a (roughly) 3-point range. The market seemed to be waiting on something again. Tuesday’s excuse was that AAPL earnings were coming out after the close, and then of course there is the FOMC announcement Wednesday afternoon. There will be more waiting Wednesday morning and early afternoon.

Revenues of $46.33 billion, expected at $38.99 billion
EPS of $13.87, expected at $10.14
APPLE SEES 2Q REV. ABOUT $32.5B, EST. $31.87B
APPLE SEES 2Q EPS ABOUT $8.50, EST. $7.96
APPLE 1Q IPAD UNITS SOLD 15.43MLN , UP 111%
APPLE 1Q GROSS MARGIN 44.7%, EST. 40.8%
APPLE SOLD 5.2 MILLION MACS DURING QTR, EST. 5.1M
APPLE SOLD 15.4 MILLION IPODS IN QTR, EST. 13.9M
APPLE SOLD 37.04 MILLION IPHONES IN THE QUARTER, REPRESENTING 128 PERCENT UNIT GROWTH
APPLE GENERATES $17.5 BILLION IN CASH FLOW IN THE QUARTER

From its official release we read…
The Company sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.

“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO.

“Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”

And tomorrow we wait on the Fed’s announcement. Joy.

Trade well and follow the trend, not the so-called “experts.”

Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banksters.

larrylevin@tradingadvantage.com
Trading Advantage
(888) 755-3846

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Trading Signals from the Electronic (ES) mini-SP 500

VA sell @ 9:44am at 1307.50 = +0.50, -1.00, -.25 (3 lots)

80% buy @ 10:54am at 1307.75 = +0.50 & +0.50 (2 lots)

Algorithm positions (4)

“Reading the Tape” positions (2) …combined Secret’s, Algo, & “Reading the Tape” total… +0.25

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Value Areas:

ES 1310.00 / 1304.50
POC... 1308.25
YM 12627 / 12591
NQ 2435.25 / 2426.25

Notes from the Pit

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