Kara Swisher

Recent Posts by Kara Swisher

Wall Street Hopes Apple Doesn't Fall Far From the Tree


When Apple reports its fourth-quarter earnings today, investors are hoping–actually, expecting–that the iconic computer company will look a lot now as it always has.

In other words, don’t go changing and it will please us.

Wall Street is anticipating, as it has throughout the econalypse, another estimate-beating performance from Apple (AAPL).

While Apple has signaled that it will be making up to $1.23 per share for the quarter, the “whisper” number for the quarter is much higher.

Revenue is also expected to rise strongly to upward of $9 billion.

The reason for all this happy talk? Strong sales of all of Apple’s innovative hardware products, including iPods, iPhones, and computers, as well as the big, fat profit margins that came with upgrades by consumers this past quarter to its new Snow Leopard operating-system software.

And, of course, the stock has been showing all this investor love by–as BoomTown has noted recently–defying gravity.

Apple shares are up just above 120 percent since the beginning of the year.

The company closed at $188.05 on Friday, giving it a market valuation of $168.5 billion.

Whether it will continue going up is a big question for investors, although Apple is entering the holiday season, when it typically does well.

Plus, many are expecting the company to goose excitement for 2010 with the announcement of its secret-but-everyone-knows tablet offering.

That said, Microsoft (MSFT) is also officially launching a new operating system this week–Windows 7–which is expected to give Apple some clear competition.

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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”