Go figure

Let’s see… Yesterday Apple announces their best quarter ever in terms of revenue and profits, beating estimates by $0.13 a share, and today announces the video iPod that everyone’s been begging them to make, as well as a new iMac with integrated iSight camera and Home Theater capabilities, as well as a new version of the iTunes Music Store with the ability to buy music videos and select TV shows and videos from Pixar (with more deals to be announced in the future, no doubt). This all sounds like good news (no wonder the guidance for next quarter was an additional $1 billion in revenue over this most recent record breaking quarter.

So, let’s check the stock price

Yep, just what I figured, off by over $2 (about 45 minutes after today’s announcements)…


Of course the stock price is down. The stock price is always down after a big announcement. Investors buy on rumour, and sell on reality. If you notice, there was a spike upward just before the 4th quarter earnings call yesterday.

Posted by: CM Harrington on October 12, 2005 10:10 PM

About this post

In which Mark is not surprised about Apple's stock price tumble...

October 12, 2005 | Apple | iPod

More Like This

By Category

Recent Posts

Monthly Archives

We Endure