Deleted
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Post by Deleted on Nov 24, 2013 15:47:44 GMT -8
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Deleted
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Post by Deleted on Nov 24, 2013 15:49:13 GMT -8
Based on guidance for this quarter, even if they beat the 58 billion, I still see flat net income YOY. Next quarter is a different story. WS needs proof in order to buy, so sentiment won't change by much until Feb/March. If net income is flat, we will still see growth in EPS (thank you buyback!)
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Mav
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Post by Mav on Nov 24, 2013 15:55:07 GMT -8
Net income takes a hit of over $650M (factoring in tax rate) thanks to dollar-for-dollar gross margin deferral based on Oppenheimer's guidance. That's 5% of the year-ago quarter's net income. No fair-minded analyst will ignore that.
And as burgess said, EPS matters too (though maybe Apple won't buy back more than a "few billion worth" without a new bond issuance).
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Mav
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Post by Mav on Nov 24, 2013 16:02:08 GMT -8
I doubt this will be enough to get Mercel posting here if only to react to this. (Yep, that's a troll. ;D)
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Post by Red Shirted Ensign on Nov 24, 2013 16:28:00 GMT -8
Net income takes a hit of over $650M (factoring in tax rate) thanks to dollar-for-dollar gross margin deferral based on Oppenheimer's guidance. That's 5% of the year-ago quarter's net income. No fair-minded analyst will ignore that. And as burgess said, EPS matters too (though maybe Apple won't buy back more than a "few billion worth" without a new bond issuance). Good point Mav, and as the effect of both the deferral and the buyback is built into Analyst expectations we begin to get a cleaner appreciation of just what Apple is accomplishing and how it is being booked. Frankly, the strength of the deferral should allow for a higher EPS...we should see a 14 EPS in an environment of steady even unspectaculor growth....like next year!
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