Thursday, October 27, 2022

Apple Beats On Top And Bottom Lines -- Margins Come In At 24.3% Vs 24.1% Expected -- October 27, 2022

Huge beat.

Macs: actual $11.5 billion vs  $9.4 billion. I find that incredible. 

Holy mackerel, share price reverses. Traders apparently seeing what I'm seeing.

iPhone 14 on sale for only eight days in the entire quarter, and the holiday quarter has just started.

Wow, CNBC is negative on AAPL. Not unexpected. After falling significantly during the day, AAPL looks like it may turn green in after-hours. 

Holy mackerel, AAPL has turned "green" after hours, but back and forth -- around the "flat line."

Shares went from being down $4.55 / 3% during the day to being up $1.30 / 0.9% after hours.

Yeah, anyone paying attention knows this was a huge beat. 

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