A mess. Obviously the iphone sales were a little bit lower than expected. Emily earnings per share did beat this is not atypical of apple. And other really interesting number is the china sales of 13. 23 billion dollars. There has been so much concern about the China Economy at the big stockmarket plunge that we saw over the last quarter. Emily what is standing out to you . Julie we have the ensemble of everything, and we can pick out what is most interesting. First of all, the companys earnings per share coming in for sense of estimates. Apple tends to be estimates. It is that i vote number. 47. 5 billion iphones in the Third Quarter, the estimate was for 48 port a million phones. Apple depends so heavily on the iphone, so if it has lower sales than estimated, that is a bubbly a problem. On the other hand, the average selling price with weeks 5991 699. 91. The ipad average selling price was below the estimate. The estimate about 426. 4. 8 million macs sold over the Third Quarter, that
Anna welcome to countdown. Im anna edwards. Ryan im ryan chilcote. Anna at 6 00 lets have a look at the tech sector. Lets start with apple, because i have a chart here that shows the afterhours move we saw this was even after the Company Reported a record thirdquarter profit number. Revenues were disappointing. Ryan this threatens to remove again that apple saw that huge rally of almost 10 . It could be one of the biggest losses ever. Anna more generally, this was the biggest tech rally since october. Will that change in the session today . We have lots to talk about. Apple was just one of a few tech giants that reported in yesterdays session. That came afterhours. Lets get Caroline Hyde and paul sweeney. Great pleasure to have you. Lets continue the conversation with apple and what it is. Caroline its phenomenal when you put it in perspective we could see 66 billion dollars worth of its market cap erased. In perspective, that is more than bmws entire market cap. It is a record thirdqu
Earnings in the 7 00 hour. Here are top headlines. Vonnie investors want to know if the hits can keep on coming for apple. They appear skeptical. Shares have fallen . 50 in premarket trading. Apple reported iphone sales up 35 but still missed estimates. A Sales Forecast came up short. Bloomberg estimates sale of the new apple watch were less than what analysts expected. Tim cook says the company is pleased. Tim cook sales of the watch exceeded expectations and they did so despite supplies still trailing demand at the end of the quarter. To give you additional insight, through the end of the quarter the apple watch fell was higher than the comparable launch periods of the iphone or the original ipad. Vonnie cook says one bullish side is that 73 of old iphone users have not upgraded to the device. In Greece Parliament will vote on the second package of austerity measures demanded by creditors. Greece cannot get another bailout unless legislation is approved. Alexis tsipras will have to a
Its stillness estimates. The Sales Forecast came up short as well. They were planning on selling a lot. Sales of the new apple watch were less than what analysts had estimated. Ceo tim cook says the company is pleased. Tim cook sales of the watch exceeded our expectation despite supply still trailing demand at the end of the quarter. To give you additional insight through the end of the quarter the apple one sold higher than the comparable launch times of the original iphone or the original ipad. 73 of old iphone users have not upgraded to the latest device. Plus, more than double, more than apple coming up in a few moments. Olivia boeings cash flow is surging thanks to the 787. Earnings beat analyst estimates. They lowered their forecast for the year. Also out beating earnings estimates. Increasing prices and cutting expenses. It is a nice combo. The price hikes helped offset falling sales in the u. S. And stagnant demand overseas. At ts proposed takeover of directv has cleared a hurd
Chipotle gopro. Those numbers over the next hours and bringing you them after 4 00. It just doesnt get better than that. Plus time to sell tesla maybe . A bold call from a ubs analyst downgrading that stock to sell today. The man who made that call coming up. It has been five years since the dodd frank financial reform bill signed into law. Barney frank will join us to discuss all the criticism the law has received including from members of his own party. Enjoy having barney on the show. First we start with this move in the Broader Market today. There is the dow down 214 points. Its getting hit the hardest. United technologies down more than 7 downgrading its own outlook for the year. That bad Earnings Report from ibm last night has been down 5 6 today. That is accounting more than half that decline. S p pulling back. The nasdaq down today so right now no alltime high. S p earlier was three points away from a record. Weve come about a half percentage point down away from that point. Jo