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That was profit-taking. The sell-off wasn't because the news was bad.
by andrewljohnson 16y ago
That was profit-taking. The sell-off wasn't because the news was bad.
- aaronbrethorst 16y agoah, you edited your post since i was about to reply (and HN crapped out on me). here was my original response: Finance-related articles: I read several. Margins are depressed[1]. iPad sales were lower than expected[2]. Revenue was above expectations, but profits were below [3]. [1] http://www.nytimes.com/2010/10/19/technology/19apple.html http://www.nytimes.com/2010/10/19/technology/19apple.html [2] http://online.wsj.com/article/BT-CO-20101018-713881.html http://online.wsj.com/article/BT-CO-20101018-713881.html [3] http://blogs.barrons.com/techtraderdaily/2010/10/18/apple-fy-q4-beats-revs-2034b-eps-431-389m-macs-141m-iphones-905m-ipods-419m-ipads/ http://blogs.barrons.com/techtraderdaily/2010/10/18/apple-fy...
- andrewljohnson 16y agoYeah... I thought the bit about "read some articles" sounded snide :) I guess I also agree it's up to debate, but I don't see how the results Apple posted are a cause for deflation, margins or no. 20 billion in revenue, nearly a quarter million devices a day, and Verizon yet to come. Everything looks rosy for Apple, with only the Android dark horse to worry about (which has been worried about for some time).
- andrewljohnson 16y agoAlso, iPad sales are lower than "some" expected. Not everyone.
- Eliezer 16y agoIf it was predictable it would not have happened. Markets are anti-inductive... oh, never mind.