Quick Note On Apple And The Quarter’s Results Yesterday. Do Not Under Estimate Apple. They Would Have Blown Away The Estimates.
Wed, 10.19.11 11:30am EST
In the past, Apple has launched a new iPhone and iPad before the end of the quarter. As a result, there have been sales booked for the devices that reflect the sales of the initial launch weekend or weeks. The iPhone 4S was launched this year, for whatever reasons, after the quarter ended. It was later by a matter of weeks. This is the first time the company handled it this way. Had it been launched as in the past, to reflect the initial sales of the device in the most recent quarter, Apple would have BLOWN AWAY the sales estimates! They sold 4,000,000 iPhone 4S units in 4 days that would have usually been booked for the last quarter!
Apple remains our favorite stock. We believe it will trade higher when all is understood.
Thanks Rob and Fred Lange of Lange Financial Services for bringing this to our attention.