Today I have decided to dedicate my time into monitoring Apple’s stock movements, and hopefully forming productive strategies for profit. This is the first in a series I would like to do every earnings quarter.
Apple Missed Earning Estimates
For a decade, Apple has consistently beat analysts’ expectations time and time again. This however was not the case on October 18, 2011 when it released its 4rd quarter results. Although they came close to expectations, they actually came short. This hasn’t happened in a long time as Apple is known to low-ball their guidance and then over deliver. As a result, the stock was punished in after hours and now is down more than 5% at $400.15 during regular trading hours. It was down as much as 7% in after hours trading.