Wednesday, 04/10/13: $435.69

[phoebear611]

Green in PM today...no idea where the PIN is on Friday but that will start to come in to play soon enough.

[appledoc]

Yesterday at 10:32pm, sponge wrote:

First of all OP did not say they will report within range. They feel comfortable meeting the range.

While we cannot forecast with complete accuracy, we believe we are likely to report within the range of guidance we provide.

Yesterday at 11:30pm, appledoc wrote:

Quit making things up.

Please go back and quote from transcript as well when he was asked about the range.

I don't have time to do all your homework.

I did my homework...

Toni Sacconaghi - Sanford Bernstein

I just wanted to make sure that I fully understand your comments about a guidance in the new guidance range that you’re providing. Are you effectively saying that when you provided guidance before it was uniquely conservative and that level of conservatism no longer exists? We’re actually getting the real planning range for Apple and that this is fundamentally different from how you approached and provided guidance.
Peter Oppenheimer - Chief Financial Officer

Tony it's Peter. In the past we’ve provided a single point estimate of guidance, it was conservative then we had reasonable confidence in achieving. This quarter and going forward we’re going to provide a range of guidance that we believe that we’re likely to report within, no guarantees, forecasting is difficult but we believe that we will report within that range.

Toni Sacconaghi - Sanford Bernstein

I’m just comparing the word, so you think you’ll report in the range before you - I think on average eclipsed your guidance by on EPS by 35%, was the guidance before something that you felt reasonably confident in achieving or was there an implicit buffer in there because I’m trying to reconcile the fact that you said you thought it was reasonable before but your historical precedent was, you eclipsed it enormously on an ongoing basis and this time you’re saying there is a high likelihood of falling within the range and I want to understand the distinction.
Peter Oppenheimer - Chief Financial Officer

I will go through it again, in the past we gave you a single point estimate of guidance, it was conservative that we had reasonable confidence as you can have that we would achieve. We’re now providing you a range of guidance that we expect to as best we can report within.

That's THREE times in the CC that PO says they believe they will report within the range. Provide some factual evidence to back up your claims. Don't go tell me to "do my homework" when you're the one who is wrong.

[qualitywte]

Glad to hear rumblings about Apple working more with Yahoo. I've always thought they should use Yahoo more and Google less.

[Lstream]

Apr 10, 2013 4:02:07 GMT -8 @appledoc said:

Yesterday at 10:32pm, sponge wrote:




Yesterday at 11:30pm, appledoc wrote:


Please go back and quote from transcript as well when he was asked about the range.

I don't have time to do all your homework.

I did my homework...

Toni Sacconaghi - Sanford Bernstein

I just wanted to make sure that I fully understand your comments about a guidance in the new guidance range that you’re providing. Are you effectively saying that when you provided guidance before it was uniquely conservative and that level of conservatism no longer exists? We’re actually getting the real planning range for Apple and that this is fundamentally different from how you approached and provided guidance.
Peter Oppenheimer - Chief Financial Officer

Tony it's Peter. In the past we’ve provided a single point estimate of guidance, it was conservative then we had reasonable confidence in achieving. This quarter and going forward we’re going to provide a range of guidance that we believe that we’re likely to report within, no guarantees, forecasting is difficult but we believe that we will report within that range.

Toni Sacconaghi - Sanford Bernstein

I’m just comparing the word, so you think you’ll report in the range before you - I think on average eclipsed your guidance by on EPS by 35%, was the guidance before something that you felt reasonably confident in achieving or was there an implicit buffer in there because I’m trying to reconcile the fact that you said you thought it was reasonable before but your historical precedent was, you eclipsed it enormously on an ongoing basis and this time you’re saying there is a high likelihood of falling within the range and I want to understand the distinction.
Peter Oppenheimer - Chief Financial Officer

I will go through it again, in the past we gave you a single point estimate of guidance, it was conservative that we had reasonable confidence as you can have that we would achieve. We’re now providing you a range of guidance that we expect to as best we can report within.

That's THREE times in the CC that PO says they believe they will report within the range. Provide some factual evidence to back up your claims. Don't go tell me to "do my homework" when you're the one who is wrong.

QED

[appledoc]

Rejected yesterday at the daily SMA8. Looking like we may open above it this morning. MACDh with bullish divergence on the daily. Let's see what we can get out of this bounce.

If 419.00 was the bottom, this should be a pretty strong wave up.

Again, what I'm looking for before getting back in is:

1. Break and hold of the weekly trendline from 705 to 594 on the log scale (upper 440s this week, lower 440s next week).
2. Break and hold of the weekly SMA100 (currently 490).

[applemuncher]

Hey Doc, why are you so hostile? PO said they will likely fall within the range. But they could also fall above it. What's the big deal?

[applemuncher]

Apr 10, 2013 4:39:58 GMT -8 @appledoc said:

Rejected yesterday at the daily SMA8. Looking like we may open above it this morning. MACDh with bullish divergence on the daily. Let's see what we can get out of this bounce.

If 419.00 was the bottom, this should be a pretty strong wave up.

Again, what I'm looking for before getting back in is:

1. Break and hold of the weekly trendline from 705 to 594 on the log scale (upper 440s this week, lower 440s next week).
2. Break and hold of the weekly SMA100 (currently 490).

Move this post to the technicals thread maybe?

[appledoc]

Apr 10, 2013 5:09:38 GMT -8 applemuncher said:

Hey Doc, why are you so hostile? PO said they will likely fall within the range. But they could also fall above it. What's the big deal?

I'm tired of seeing people posting flat out incorrect information.

If you're going to call me out for being wrong, you better be right. No surprise, he's not right because he never is.

[applemuncher]

Apr 10, 2013 5:17:31 GMT -8 @appledoc said:

Apr 10, 2013 5:09:38 GMT -8 applemuncher said:

Hey Doc, why are you so hostile? PO said they will likely fall within the range. But they could also fall above it. What's the big deal?

I'm tired of seeing people posting flat out incorrect information.

If you're going to call me out for being wrong, you better be right. No surprise, he's not right because he never is.

I hate to ask, but what specifically was he wrong about?

[artman1033]

Don't talk back to DARTH VADER.

He"ll get you!

[prazan]

Apr 10, 2013 5:10:54 GMT -8 applemuncher said:

Apr 10, 2013 4:39:58 GMT -8 @appledoc said:

Rejected yesterday at the daily SMA8. Looking like we may open above it this morning. MACDh with bullish divergence on the daily. Let's see what we can get out of this bounce.

If 419.00 was the bottom, this should be a pretty strong wave up.

Again, what I'm looking for before getting back in is:

1. Break and hold of the weekly trendline from 705 to 594 on the log scale (upper 440s this week, lower 440s next week).
2. Break and hold of the weekly SMA100 (currently 490).

Move this post to the technicals thread maybe?

I'm thrilled to see it here because it raises the level of discourse. I'm not so thrilled to see the conversation dominated by petty argument. It's fine to disagree, but the hostility that accompanies the disagreement poisons the atmosphere.

[appledoc]

Apr 10, 2013 5:23:45 GMT -8 applemuncher said:

Apr 10, 2013 5:17:31 GMT -8 @appledoc said:

I'm tired of seeing people posting flat out incorrect information.

If you're going to call me out for being wrong, you better be right. No surprise, he's not right because he never is.

I hate to ask, but what specifically was he wrong about?

Read my first post.

[hellojapan]

Apr 10, 2013 5:38:36 GMT -8 prazan said:

Apr 10, 2013 5:10:54 GMT -8 applemuncher said:

Move this post to the technicals thread maybe?

I'm thrilled to see it here because it raises the level of discourse. I'm not so thrilled to see the conversation dominated by petty argument. It's fine to disagree, but the hostility that accompanies the disagreement poisons the atmosphere.

Agreed. Civility needs to come back to this board.

[ibuyer]

Apr 10, 2013 5:41:46 GMT -8 @appledoc said:

Apr 10, 2013 5:23:45 GMT -8 applemuncher said:

I hate to ask, but what specifically was he wrong about?

Read my first post.

The noise that Sponge generates just does not help discourse.

IMO it is the flip side of FUD and just as bad.

Foxconn sees 19% decline in sales after 'disappointing' demand for Apple's iPhone

appleinsider.com/articles/13/04/10/foxconn-sees-19-decline-in-sales-after-disappointing-demand-for-apples-iphone

[sponge]

I am bullish and few comments from management in a different light and a couple of Bears get really mad.

I should have add it "not only just" in the within range in my earlier statement

Nothing changes in guidance other then the amount they will beat by.

Good start this morning. Lets hold 425 and we should be in strong shape for the rest of the week.

[applemuncher]

Apr 10, 2013 5:41:46 GMT -8 @appledoc said:

Apr 10, 2013 5:23:45 GMT -8 applemuncher said:

I hate to ask, but what specifically was he wrong about?

Read my first post.

Read your first post. If this were a boxing match I would give it to Sponge.

[lulli]

Apr 10, 2013 5:54:00 GMT -8 ibuyer said:

Apr 10, 2013 5:41:46 GMT -8 @appledoc said:

Read my first post.

The noise that Sponge generates just does not help discourse.

IMO it is the flip side of FUD and just as bad.

Foxconn sees 19% decline in sales after 'disappointing' demand for Apple's iPhone

appleinsider.com/articles/13/04/10/foxconn-sees-19-decline-in-sales-after-disappointing-demand-for-apples-iphone

And you fail to say that that 'disappointing demand' quote is from an "analyst" commenting on Foxconn results, not a fact. (AI is copying some reuters story where some guy talking about weaker iphone demand was cited.)

Please, as you say, let's keep this forum useful, don't just repost noise without any analysis.

[Lstream]

Apr 10, 2013 5:54:00 GMT -8 ibuyer said:

Apr 10, 2013 5:41:46 GMT -8 @appledoc said:

Read my first post.

The noise that Sponge generates just does not help discourse.

IMO it is the flip side of FUD and just as bad.

Foxconn sees 19% decline in sales after 'disappointing' demand for Apple's iPhone

appleinsider.com/articles/13/04/10/foxconn-sees-19-decline-in-sales-after-disappointing-demand-for-apples-iphone

Fact of life: When we have a poster who generates a never ending torrent of noise and garbage, it is going to impact discourse, because it takes down the quality and usefulness of the community. That fact of life cannot be changed, when some are here to have intelligent and thoughtful dialog. Human nature, I am afraid. Sponge refuses to acknowledge the impact he has, so it is what it is.

[tuffett]

Apr 10, 2013 4:37:55 GMT -8 Lstream said:

Apr 10, 2013 4:02:07 GMT -8 @appledoc said:

I did my homework...



That's THREE times in the CC that PO says they believe they will report within the range. Provide some factual evidence to back up your claims. Don't go tell me to "do my homework" when you're the one who is wrong.

QED

QED x2

By the way, we'll close red, then green, then I'll change my mind to red and back to green again. Either way next week looks good.

[tuffett]

Apr 10, 2013 5:09:38 GMT -8 applemuncher said:

Hey Doc, why are you so hostile? PO said they will likely fall within the range. But they could also fall above it. What's the big deal?

The big deal is that sponge is conservatively calling for $45B. Conservatively. It could happen, but to call it a conservative estimate in light of what was said about guidance going forward is insane. Then he proceeds to call people out on fact checking when he is the one who's making things up. It's enough to make one hostile.

[lulli]

Apr 10, 2013 6:13:05 GMT -8 tuffett said:

Apr 10, 2013 5:09:38 GMT -8 applemuncher said:

Hey Doc, why are you so hostile? PO said they will likely fall within the range. But they could also fall above it. What's the big deal?

The big deal is that sponge is conservatively calling for $45B. Conservatively. Then he proceeds to call people out on fact checking when he is the one who's making things up. It's enough to make one hostile.

Once upon a time there were +20% beats. Now he is conservatively forecasting a 5% beat. There is nothing wrong with that. His opinion is one more opinion, and I take it as one of the useful things this board has to offer.

But fighting those opinions like you are doing only increases the length of the thread without providing any useful information.

So I call for a truce, and for stopping this particular discussion.

[sponge]

The four of you are just hostile towards me, but that's OK because history will prove me right.

I am a bull and do back up my views but that is not good enough for you four. That's OK too since I have outlived many option holders and doubters.

In the mean time we are getting closer to 430. Maybe our pre earnings run officially started today.

[Deleted]

Apr 10, 2013 5:54:00 GMT -8 ibuyer said:

Foxconn sees 19% decline in sales after 'disappointing' demand for Apple's iPhone

appleinsider.com/articles/13/04/10/foxconn-sees-19-decline-in-sales-after-disappointing-demand-for-apples-iphone

First, Foxconn produces for Apple and others.

Second, if the 19% decline was all Apple related AND it was in comparison to March 2012, then Apple would have already reported a warning, as Apple would miss on both sales and extrapolated earnings.

I'm hoping two things from this "report"

The 19% was a sequential decline from Dec. and/or the decline was attributable more to non-Apple production.

[lucy]

On a positive note; expectations from Credit Suisse

www.valuewalk.com/2013/04/apple-inc-aapl-poised-to-outperform-despite-criticism-cs/

[ibuyer]

Apr 10, 2013 6:09:03 GMT -8 lulli said:

Apr 10, 2013 5:54:00 GMT -8 ibuyer said:

The noise that Sponge generates just does not help discourse.

IMO it is the flip side of FUD and just as bad.

Foxconn sees 19% decline in sales after 'disappointing' demand for Apple's iPhone

appleinsider.com/articles/13/04/10/foxconn-sees-19-decline-in-sales-after-disappointing-demand-for-apples-iphone

And you fail to say that that 'disappointing demand' quote is from an "analyst" commenting on Foxconn results, not a fact. (AI is copying some reuters story where some guy talking about weaker iphone demand was cited.)

Please, as you say, let's keep this forum useful, don't just repost noise without any analysis.

I posted the title from an super pro Apple website with the link.

There are many that do so.

The KGI analyst has a good track with Apples product rollouts recently. The majority of iPhones are assembled by Foxconn so I do not see why this is noise.

Please show why this is noise AND why one must post analysis on top of an Analyst analysis.

[Mav]

432ish next micro upside target.

Holding 430 would be, er, nice through Friday. Bullish? Who knows.

[ibuyer]

Apr 10, 2013 6:19:50 GMT -8 sponge said:

The four of you are just hostile towards me, but that's OK because history will prove me right.

I am a bull and do back up my views but that is not good enough for you four. That's OK too since I have outlived many option holders and doubters.

In the mean time we are getting closer to 430. Maybe our pre earnings run officially started today.

Sponge, with all due respect, history has SHOWN you are wrong.

The future might prove your long term bull view right.

[Deleted]

Today's action will teach a lesson to those who discount American Bulls! j/k. I know this is a very questionable source of TA.

Recently, AAPL has not followed max pain script. So although it appears Apple will close below $430 on Friday, it's by no means assured.

[Mav]

Aw, I only call out American Bulls*** because it's fun.

***Wonder what today's reading will be. 4 out of 5 green candles = PARABOLIC-IF-SELL? ;D

[Deleted]

Apr 10, 2013 6:29:31 GMT -8 Mav said:

Aw, I only call put American Bulls*** because it's fun.

***Wonder what today's reading will be. 4 out of 5 green candles = PARABOLIC-IF-SELL? ;D

I thought the *** was your clumsy attempt at copyright -- you mean American Bulls is not YOUR site, my bad.