Will Apple Continue to Rise?
T = Trends for a Stock’s Movement
Apple designs, manufactures, and markets mobile communication and media devices, personal computers, portable digital music players, and a variety of related software, services, peripherals, networking solutions, third-party digital content, and applications. The company’s products and services include the iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and further accessory, service, and support offerings. Apple also delivers digital content and applications through its iTunes, App, iBook, and Mac App stores.
Apple gave decidedly okay results in its earnings report. Revenue grew 4.2 percent to $37.47 billion, beating the mean analyst estimate of $36.84 billion, and Apple’s own guidance of between $34 and $37 billion. Earnings fell 4.7 percent on the year to $8.26 per diluted share, also beating the mean analyst estimate of $7.93 per share. Apple’s guidance for next quarter wasn’t exactly impressive as gross margin is expected in a range between 36.5 and 37.5, down from 38.6 percent in the first-quarter of 2012.