Despite disappointing quarterly earnings from Apple, my long-term Apple (AAPL) stock target of $1,000 remains intact. Apple ‘s earnings report  was bad on almost all metrics, but future guidance was downright shocking.  For Q1 Apple now sees EPS of $11.75 vs. consensus of $15.53.  For Q1 Apple now sees revenues of $52 billion vs. consensus of $55 billion. In my analysis, not much has changed from a fundamental perspective since the release of bad earnings.  Some may find it disconcerting that gross margins dropped to 40% vs. consensus estimate of 40.6%.  In my models, I had anticipated a drop because of

Apple reported bad earnings. The company missed estimates on almost all metrics as shown below. Earnings came in at $8.67 vs. published consensus of $8.75 and whisper numbers around $9.10. iPad sales came at 14 million vs. published consensus of 17 million and whisper numbers around 18 million. Mac sales came at 4.9 million vs. estimates of 5 million. Gross margins came in at 40% vs. estimates of 40.6%. Apple guides for first-quarter EPS of $11.75 vs. consensus of $15.53. Apple guides revenues for Q1 of $52 billion vs. consensus of $55 billion. On the positive side, the company sold

This post was just published on ZYX Buy Change Consider taking partial profits on a 15% tranche on AAPL right here around $610. Please take liberty with the price.   Also suspending buy zones on AAPL.  Earnings are a lot lower than expected.

Administrative Law Judge Thomas B. Pender, of the United States International Trade Commission (ITC) has found that Steve Jobs’ invention covered by patent number 7,479,949 was violated by Samsung. Here is the abstract of the patent: A computer-implemented method for use in conjunction with a computing device with a touch screen display comprises: detecting one or more finger contacts with the touch screen display, applying one or more heuristics to the one or more finger contacts to determine a command for the device, and processing the command. The one or more heuristics comprise: a heuristic for determining that the one or more finger contacts correspond