MarketFoolery: 07.25.2012

MarketFoolery

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4.7 • 1.7K Ratings

🗓️ 25 July 2012

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple reports weaker-than-expected earnings. Our analysts discuss the real threat to Apple and delve into earnings news from Caterpillar, Ford, Eli Lilly, Panera, and Netflix.

Transcript

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0:00.0	It's Wednesday, July 25th.
0:04.0	Welcome to Market Foolery.
0:05.0	I'm Chris Hill and joining me in studio today for a million dollar portfolio Charlie
0:08.8	Travers.
0:09.8	From Motley Fool 1, Jason Moser, and for Motleynetville inside value Joe Meager.
0:13.7	Gentlemen, earnings Palusa continues.
0:15.8	Whoa, whoa!
0:16.8	Are you ready?
0:17.8	We've got Caterpillar Ford, Eli Lillie Panera, Netflix, but we are going to start with Apple. And for the first time in a long time,
0:27.0	Apple missed on earnings.
0:29.0	Shares down about 5% this morning.
0:32.0	Joe Meger, since you were on nightly business report,
0:35.2	the most watched business show in America last night,
0:38.7	talking about Apple, I turned to you first.
0:40.8	What is the story here?
0:42.1	So the story is that they missed pretty
0:43.7	badly on the iPhone and the iPhone is the highest margin product at
0:47.3	Apple and so that's what ultimately hit them but I think when you look past that
0:51.0	there are a couple worrying signs kind of under the hood.
0:55.0	You know, one is falling average selling prices.
0:57.0	The iPad price has fallen about 18% on average over the last year.
1:01.0	That is a pretty meaningful haircut. Now I know a lot of
	...

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