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Apple Earnings

By Steve Abraham on Oct 22, 2007

Apple posted great numbers after the close today. A few months back I suggested that Apple shares could reach $200 by end of 2008. I may have been a year too late. The stock has traded today as high as $188 in after hours activity , which has been heavy.  Nearly 10M shares have traded after the close.  Here is the kicker:  Apple guided UP for EPS and revenue estimates for the Christmas quarter.  As far as I know, that is unprecedented in recent history.  They typically low ball future earnings estimates.  Whatever they estimate, you can be sure they will crush the numbers.  They say $1.42/share on $9.2B in revenue.  All of the analyst are going to readjust their price targets now that Apple has guided up. I think Apple is going to $225 this year, maybe $250 after middle of next year.  Call me crazy.

Tommorrow, I like AMZN as a pre-earnings play.  All of tech has crushed numbers and I think AMZN is likely to follow suit.

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This entry was posted on Monday, October 22nd, 2007 at 3:35 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.


7 Responses to “Apple Earnings”


By Aaron on October 22nd, 2007 at 7:10 pm

AAPL continues to chug along very nicely. The earnings continue to be absolutely beautiful and the stock doesn’t seem very overvalued. $250 by the middle of next year might be a little too optimistic, but I think $200 by year end and maybe $220 or so is fairly likely.

By gw on October 22nd, 2007 at 11:56 pm

You are saying tat you thik apple is going to go up more, and if im not wrong, u are holding AAPL shorts?

By Steve Abraham on October 23rd, 2007 at 6:15 am

NO. Im not holding apple shorts. You might be referring my esteemed collegue Mr.Goldstein. :>)
I told him NOT to short Apple into earnings.

By Christopher Patton on December 20th, 2007 at 1:41 pm

Apple will eventually set the standard for honest trading and business. Plus with the release of the iPhone and apples other gadget, wize trade shows them as a long term and short term trade.

By John Bantam on December 26th, 2007 at 5:04 pm

Of course Apple posted great prices. They always do.

By Christopher Patton on January 18th, 2008 at 2:53 pm

I really love these kinds of stocks. They’re very predictable in my opinion. I can also confidently take the opinion of myself, you guys, and wizetrade.

By Rule One Investing on January 30th, 2008 at 4:02 pm

Looks like AAPL is getting to a good buy point in my opinion. I’m just waiting to see if the indicators tell me to get in. Then I see a rise back to $200 level. Anyone else?

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