Tuesday, January 22, 2008
Will Apple beat estimates
Today is the day that Apple releases quarterly earnings. The buzz on the street is that they are expected to exceed estimates for the last quarter. But with the whole stock market tanking overall will Apple be one of the few stocks to stay positive? We will know at the end of the day when Apple gives its official release.
Subscribe to:
Post Comments (Atom)
2 comments:
Well, Stitch, we sure know the answer now! It's such a bummer, and not just for the Apple stock.
Apple did beat the estimates, its just that the whole market is very skittish right now. Plus Apple was a bit cautious for the next quarter estimate it gave. I read that iPod sales only went up 5% from the same quarter last year. So the iPod growth is leveling off. I don't think the MacWorld announcements were exciting enough. But Apple will be growing, just not at the thunderous rate it has been for the past couple of years. More amazing products to come.
Post a Comment