It was a mixed earnings report for Apple .  Earnings for the last quarter were good, but the projections for this quarter were ugly with Apple forecasting $33.5 billion to $35.5 billion in revenues, compared to a consensus view of $38.6 billion.  Bears are also likely to seize on projected lower gross margins.  Apple projects gross margins of 36% -37% for the next quarter vs. expectations for 38.5%. For the last quarter, Apple reported $10.09 in earnings per share, about in line with the consensus.  Revenues of $43.6 billion came in above the consensus of $42.4 billion.   Also on the positive

On Tuesday, my inbox was flooded after my last column, “Seven Reasons Not To Be Foolish Ahead Of Apple Earnings.”  All of the emails were from readers who felt that they knew for sure what Apple was going to do after earnings. About half of the email writers felt strongly that Apple would go up about $30 to $40 after the release; the other half felt that Apple would fall about $50 after the earnings call.  These spreads were somewhat wider that what option premiums in Apple were indicating.  Option premiums were indicating a move of about 7% after earnings, and that’s

Apple Inc.’s just-released earnings show quite a contrast between the recent past and the near future. The projections for next quarter are downright ugly while earnings for the last quarter are a thing of beauty. First let us examine the technicals of Apple AAPL stock and then we will move on to the fundamentals. Technical perspective For a technical perspective, let us look at the chart. Click here for the chart. Prior to earnings, Apple had broken the support at $419 – $421 and then dipped below $400. Now the prior support acts as resistance. In the after-hours action, Apple moved up