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This Is Why Apple Is Down After Hours

In the video below, tech analysts Andrew Tonner and Eric Bleeker discuss Apple's (Nasdaq: AAPL) earnings, which came after the bell and were disappointing enough that the company's shares are down 10% in after-hours trading. 

As Eric discusses, Apple was down closer to 4% before its earnings call when it reaffirmed it was no longer "low-balling" its guidance for future quarters. Once Apple clarified its new stance on guidance, the focus shifted to next quarter. In that quarter, it is projecting $41 billion to $43 billion in revenue, which is well below expectations that it would be able to achieve $45.6 billion in earnings. The saving grace for Apple investors? In after-hours trading, Apple's ex-cash P/E is down to an anemic seven times earnings. To learn Eric and Andrew's thoughts, watch the video below. 

There's no doubt that Apple is at the center of technology's largest revolution ever, and that longtime shareholders have been handsomely rewarded with over 1,000% gains. However, there is a debate raging as to whether Apple remains a buy. The Motley Fool's senior technology analyst and managing bureau chief, Eric Bleeker, is prepared to fill you in on both reasons to buy and reasons to sell Apple, and what opportunities are left for the company (and more importantly, your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.

Read/Post Comments (3) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 23, 2013, at 9:13 PM, Ostrowsr wrote:

    Sorry Motley Fool. I don't want reasons to buy and reasons to sell. What's the point? I'm paying for recommendations to buy or sell. Is it a buy or isn't it?

  • Report this Comment On January 23, 2013, at 9:31 PM, LADJ wrote:

    Guys -- gross margins "remain depressed"? Apple gross margins are 38%. Google's are 28%. Apple is a hardware company. Their P/E is half of Google's. "An Ugly Quarter"? They beat on EPS and missed analysts revenue numbers by less than 0.3%. Apple earned more revenue last quarter than any company in all of tech. $13 billion in profits is ugly? You're buying into the bear dogma. This stock is over-sold and the best buy in the stock market. Still.

  • Report this Comment On January 23, 2013, at 10:20 PM, chinaman8 wrote:

    AAPL is way oversold

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