Apple reported after the close today and as I expected blew the cover off the ball, everyone knew they'd beat the sandbagged numbers, estimates were for $1.17 they came in at $1.35, I'd called for $1.30. But they just blew away the metrics in ipod, iphone and Mac sales. This is the first time iphone revenues surpassed ipod and the CFO in the conference call stated that manufacturing of the 3Gs can not keep up with demand. In a report from the Wall Street Journal online (LINK) tonight they stated that Apple has become a cell phone company...I disagree. Apple is using the iphone to bring the consumer into its store, the Halo Effect... note* 50% of Mac sales for Q3 were to "NEW" Apple buyers! Hello!!!
As for valuation see my post from the other night on P/E's....
While going through some tech stock charts today, I was catching a pattern in the support/resistance levels on a few of the big boys. *Note the July '08 lows and now...Hmmm? Looking at several tech indices didn't show this pattern though.
*click on chart to expand image
No comments:
Post a Comment