A Fool Looks Back
Let's talk about Apple's (NAS: AAPL) mortality. After years of exposing analysts as lowballing dummies, the Cupertino tech giant finally donned the dunce cap itself.
Apple traditionally puts out laughably conservative guidance, but this time it should have been a little more clear about the lack of iPhones it would be selling when it delays the next generation's rollout. It's not too often that you will see Apple's Mac sales post a headier year-over-year spurt than its iPhone business.
Most investors are giving Apple a pass on this, largely because it sold 4 million iPhone 4S smartphones this past weekend. There's a lot of helium going into this quarter's expectations. Let's hope the bulls don't get burned this time.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- Crocs (NAS: CROX) saw its stock shed more than a third of its value after the company guided top- and bottom-line expectations lower. I guess it's just not some of its resin shoes that have holes.
- Image-sensor maker OmniVision Technologies (NAS: OVTI) is now a confirmed component supplier in the new iPhone 4S. Why do we need to tear into the guts of a smartphone to find this out?
- Sirius XM Radio (NAS: SIRI) finally put out its first SiriusXM 2.0 receiver. It also spelled out the nearly two dozen new stations that will be accessible by the new receivers. If you missed the announcement, you may have been driving under a freeway bypass.
Until next week, I remain,
At the time this article was published The Motley Fool owns shares of Apple.Motley Fool newsletter serviceshave recommended buying shares of and creating a bull call spread position in Apple. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors.Longtime Fool contributorRick Munarrizcalls them as he sees them. He owns no shares in any of the stocks in this story and is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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