Well yesterday was a wild ride for Apple. AT&T comes out and says they are not selling or better yet activating that many iPhones. To funny. Seems that AT&T also stated that the iPhone will be one of their best money makers?? Go figure. I love it when people talk out of both sides of their mouth.
So here is what I think will happen at earnings call today at 4:00 p.m. e.s.t. Look for Jobs to state the iPhone is a huge success. Jobs will talk about backorders for the iPhone. Look for Jobs to talk about the huge demand for the new Macs. Yes this will be a nice topic that Jobs will focus on. One thing to watch out for on the call is the iTunes revenue. This could be a huge surprise to all.
The chat boards are lit up today with Jobs announcing a stock split. I am starting to think this could happen. One good poster brought up how RIMM split and the effect it had on the RIMM stock. I am starting to think we could have a slight chance at a split. If this happens the price of Apple will hit the roof. Analysts are all coming out today stating the stock is going to make a run. This scares me some.
One thing to focus on today is what Jobs thinks will happen with the back to school and holiday season coming up. Will Apple have enough product to meet demand? This could be a surprise to all if Jobs thinks the backorders will grow. Look for good earning today with a run of the stock to the $150 range in after hours trading. Money managers have a ton on money to spend and I think we will see some huge buying late this afternoon.
Good luck!
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1 comment:
Anonymous here again.....nice call with the $150 number. As of 11pm EST, stock is sitting at $150.18. I was worried a little about the iPhone results, but the Macs more than made up for it. The market was initially bearish as it hit $129 following the announcement before being bid up to $150. Let's keep it going!
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