AAPL - Apple Stock Trading Halted!

[Unspeaked]

Apple trading was just mysteriously halted before earnings.

This usually foreshadows VERY bad news.

I'm keeping an eye out on this...

 

[~Wibble~]

Oh thats not good, neither is speculating

i too will be listening out for news on this

~Wibble~

 

[danny_w]

Aren't the markets closed anyway? It's after hours. Or is after-hours trading stopped?

 

[Unspeaked]

Aren't the markets closed anyway? It's after hours. Or is after-hours trading stopped?

Yes, after hours trading.

It could be good or bad news, but it seems unlikely they'd halt ahead of good news since I don't think AAPL has ever stopped trading in the past (either way, it's probably at the extreme end of good or bad).

 

[flopticalcube]

Q4 report due out any minute.

 

[Unspeaked]

LINK

Apple Reports Fourth Quarter Results
Tuesday October 21, 4:40 pm ET

- 6.9 Million iPhones Sold
- Mac Sales Reach All-Time High

CUPERTINO, Calif., Oct. 21 /PRNewswire-FirstCall/ -- Apple® today announced financial results for its fiscal 2008 fourth quarter ended September 27, 2008. The Company posted revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share. These results compare to revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, up from 33.6 percent in the year-ago quarter. International sales accounted for 41 percent of the quarter's revenue.

In accordance with the subscription accounting treatment required by GAAP, the Company recognizes revenue and cost of goods sold for iPhone(TM) and Apple TV® over their economic lives. Adjusting GAAP sales and product costs to eliminate the impact of subscription accounting, the corresponding non-GAAP measures* for the quarter are $11.68 billion of "Adjusted Sales" and $2.44 billion of "Adjusted Net Income."

Apple shipped 2,611,000 Macintosh® computers during the quarter, representing 21 percent unit growth and 17 percent revenue growth over the year-ago quarter. The Company sold 11,052,000 iPods during the quarter, representing eight percent unit growth and three percent revenue growth over the year-ago quarter. Quarterly iPhone units sold were 6,892,000 compared to 1,119,000 in the year-ago-quarter.

"Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone -- we sold more phones than RIM," said Steve Jobs, Apple's CEO. "We don't yet know how this economic downturn will affect Apple. But we're armed with the strongest product line in our history, the most talented employees and the best customers in our industry. And $25 billion of cash safely in the bank with zero debt."

"We're very pleased to have grown revenue 35 percent and to have generated $9.1 billion in cash in fiscal 2008," said Peter Oppenheimer, Apple's CFO. "Looking ahead, visibility is low and forecasting is challenging, and as a result we are going to be prudent in predicting the December quarter. We are providing a wide range for our guidance, targeting revenue of $9.0 to $10.0 billion and earnings per diluted share between $1.06 and $1.35."

Apple will provide live streaming of its Q4 2008 financial results conference call utilizing QuickTime®, Apple's standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 2:00 p.m. PDT on Tuesday, October 21, 2008 at http://www.apple.com/quicktime/qtv/earningsq408/ and will also be available for replay for approximately two weeks thereafter.

 

[~Wibble~]

Apple blows it out again

$1.26 EPS

Revenue of $11.68 billion

2.6 million Macs shipped.
11 million iPods
6.89 million iPhones

Taking this from CNBC.

I dont think apple are doing too badly so maybe they are just protecting themselves from the market

 

[Unspeaked]

I dont think apple are doing too badly so maybe they are just protecting themselves from the market

The trouble is guidance:

We are providing a wide range for our guidance, targeting revenue of $9.0 to $10.0 billion and earnings per diluted share between $1.06 and $1.35.

 

[Unspeaked]

Looks like trading will reopen at 5:10pm, during the conference call.

Not sure if this means there will be some announcement made then, but as I mentioned, it's very unusual for Apple to halt trading at earnings (in fact, it's unprecedented).

 

[TPope02]

No Good...

I'm wishing I had gotten out at $319 per share today. That would have been a really great gain for me...now I'm in regret, BIG TIME! I'm thinking Apple is going to see between $255 and $260 per share before it begins the climb back up...if it even does go back up. It might stabalize in the $250 per share range. Just my thoughts on it.

 

[skottichan]

I'm wishing I had gotten out at $319 per share today. That would have been a really great gain for me...now I'm in regret, BIG TIME! I'm thinking Apple is going to see between $255 and $260 per share before it begins the climb back up...if it even does go back up. It might stabalize in the $250 per share range. Just my thoughts on it.

Well, since it's only dropped to $300 in after hours trading, and with such a hugely successful quarter, I can't see it dropping all the way down to $250. MAYBE $275 if there's a big sell off for profit.

 

[Cboss]

You do realize that this is from 2 years ago...?

 

[TPope02]

wow...

You do realize that this is from 2 years ago...?

Wow...lol, nope, didn't realize that...how crazy is that! Apple must have a history of shady trading! lol