Apple Q4 Results - Part 1
</img>
As always, buzz about the quarterly financial results for Apple is all over the map. Apple will report fiscal 2015 Q4 results at 5pm EST today. They are up against a so-called “tough comp” from 2014 Q4, which is when they started selling the iPhone 6 and 6 Plus in China. This quarter’s results will include two days of Chinese sales of the new iPhone 6s and 6s Plus.
Though the stock still remains cheaper than most other technology stocks that exploded higher on Friday, Apple can still get hurt. Cramer has noticed that Apple’s stock has been creeping up in anticipation of the quarter, so he will be on alert for any bruising, since the tech bar is set so high.
It really comes down to is what the guidance is for December. If they guide at the high end of the range…that’s going to be a sign that Apple’s optimistic that the [iPhone] ‘S’ cycle is going to be better than what investors think.
Where Apple’s stock price will end up after they report earnings is anyone’s guess – it almost always goes lower immediately after.
Longer term: Apple’s current price/earnings (P/E) multiple of 13 or so makes it a “cheap” stock compared to others in the tech-ish field:
- Oracle (17.8)
- Google (30.5)
- Microsoft (36)
- Amazon (879!)
Categories Apple