samsung that i call the apple of asia or the real apple of the world is down about 5%. this is again rotate on through to the other side and i think you find your spots. 558 on the 50-day is a better place to be buying it than here. >> rotate on through to the other side. >> terrible. >> we are crafting a new song. >> all hanging out. at the barbecue down the block. let's move on. more on the apple story, our next guest said it's purely mechanical and a buying opportunity. let's bring in the isi group. we started the segment with the top five cracks in apple story. 1 was mac sales would disax point. how did you interpret the data that would come in below apple estimates? >> that may be the case. march obviously is a seasonal week time for pc sales. when you look at it, the mac is almost irrelevant today. 85% more or less and the company's gross profits are driven by the iphone and ipad. mac is a big business and have about 4% or 5% of the global pc space. at the end of the day from a profitability standpoint, it's not that important. that could be one of the reasons and

he addressed the shortage issue that we heard about. applely use the parts and we will talk about future products. he talked about the consergence of pcs and apple is not going to play that game. others are and you can combine a refrigerator and a toaster. you won't get a good product. apple saying that they have over 125 million subscribers. back to you. >> thanks so much. it will be hard pressed to find a period of time transition than what is taking place after the death of steve jobs to tim cook. do you think questions will ever be asked about tim took's ability to deliver results? >> as long as there performance, no. it's a company that has a culture that continues to go on. tim took has been there for a long time. >> it's off the table now? >> the product they have. as long as they continue to sell the product and nothing goes wrong, it's fine. >> until when steve jobs passed away, there was talk they had the next five products or three years worth of products. i think the jury is out until such time that tim took's own product is out i

i needed to look at the exposure to apple given all the stocks related to apple have ripped to the upsideer in test services with exposure to smartphones and tablets, cloud computing centers and gaming. all areas that are hot right now. while it benefits from apple's success, this has other end markets and high customer concentrations with novatech, neither company i want to be levered to, in addition, shares are up 201% year-to-date, despite losing 35% in the last few days, while this is part of the teardown trade, i think it's time to take profits here. i should have had this one last year. on march 22nd we heard from nathan in my home state of pennsylvania last thursday asked for input on ticker symbol invn. these techies are market pioneer and global leaders in intelligent motion processing solutions that enable a motion-based user interface with six axis and nine axis technologies for consumer technology products. power items like nintendos wii, remember the one that lets you play golf at home? when you come to your house, talk about the -- all right, the demand for motion control is

the real apple impact on these markets and if the old school titans can power us up even if apple doesn't. >>> hey, gop. i say congress should pass the buffett rule. i'll tell larry kudlow why. larry will join us as part of his exclusive interview with mitt romney. >>> a stern ruling for howard. stern in his battle with sirius xm. a big loss. a big win for shareholders. >>> and why some believe coconut water, dirty sock water, is the next beverage. >> i think it's delicious. thanks. bulls are back on wall street at least for today. dow is up for the fourth time in five sessions. trying for its first close above 13,000 since april 5th. dow and s&p both having best advances in more than a month. about 95% of the s&p is trading higher. led largely by energy stocks as oil is up a bit. nasdaq has been pretty volatile. close to having its best one-day showing in nearly four months. let's bring in bob pisani now. because, bob, i'd love to know what in the world changed overnight? >> so would i. well, back to you, kelly. i'll tell you something. you want to know the truth? the market today is dom

remarkable earnings from apple today. after the market closed, apple's quarterly results blew away even the most optimistic estimates. tom, profits surged 94%. >> tom: these are big numbers. they were remarkable. apelt earned $12.30 a share in the fiscal quarter. $2 better than estimates. revenues also came in better than expected: $39.2 billion. >> susie: this is the best quarter ever for tech innovator apple, and the stock surged as much as 5% in hours after trading. suzanne pratt is standing by with more. >> reporter: susie, nervousness about apple's quarter has been huge. >> people are worried about the stock. the stock is down 13% from the high. and the high came just a few weeks ago. $644 a share. what is it that everybody is worried about? they're worried about whether sales are slipping. >> reporter: the numbers are out, and they're huge. apple sold 35 million iphones in the quarter, millions more than analysts expected. as for ipads, customers snatched up nearly 12 million of those. that was just about what was expected. i

munster's struggling with the apples versus apples comparison. it's illogical that people should pay a similar amount that they would pay for the guys that apple's about to lay to wake. here's why i can't call munster's example as irrational or exuberant. he's not even saying we'll pay more for apple's earnings than we will for that of competitors. that's right, he's saying if apple earns the $80 a share that he believes is possible in 2015 and the stock goes to $1,000, when you divide his earnings into the price target to get the multiple, apple will be trading at an astoundingly low 12 times earnings. that's toward the lower end of the multiples of apple's soon-to-be-decimated competitors. if anything, paying 12 times for apple is totally nonexuberant. who would pay the same amount for apple's future earnings as they would for the other guys? apple's by far the superior company, it deserves a higher multiple. now, things can go wrong, someone could come up with a better tablet, a better cell phone, a better computer. we get farther away from the

we're so dominated by the apple right now. and we are in a 10% correction. taste, that does it for "closing bell." thank for watching. >> "options action" starts right now. >>> this is "options action" your front row seed to the smart money. tonight the ultimate apple trade. we have a way to make money on apple, if the stock goes up, down, or nowhere at all. don't bother asking seery. plus talk about a steal of a deal. how would you like to get paid to buy ford stock ahead of earnings? it's not some crazy sales drive. it's just cohn carter's trade. >>> and why were all those option traders piling into watson pharmaceutical calls? it's a tale of drugs and money that only scott nations can explain. the action begins now. live in time square,s in "options action." i'm simon hobbs. these are the traders. we have to talk about apple, a correction over the last couple weeks. some of got as high as 1,000, you should be worried. that's when the smart money -- i mean the big money started making profits. the apple thing is a mania. we know there's great things going o

apples? >> this is astonishing, are we talking about the family past apple? >> both and the way thing danagers come together, yeah. >> kind of astonishing, again working on the idea that everything is passed down in families is it or is it not or is it coincidence. my father had a difficult relationship with his father from mexico. we knew our family had this chain of nurseries from mexico. i never understood because my father would change tg subject when his name came up. our grandfather was an orchardist at the turn of the century. >> which you hadn't even known. >> i didn't know it until i discovered this at the archive when i was trying to page through all of these things. then i discovered an obituary that had been written about our grandfather when he died when we were much to young to remember him. it was very, very long in the texas at the time. it detailed every, all the rare plants, specimen plants, horticultural, introducing them to texas. i was so excited about all of this. i used to say to my brother, this apple thing, you have gotten from your gr

apple. look how much has come from china. the world has heltdy parsonage, and getting exposeed to them as opposed to places overindebted and unfortunately are not able to grow fast. >> susie: are you recommended apple, and do you own the stock? >> i do not own the stock, and i think it's an incredible stock because it tells two things, susie. innovation, and enchantment. that's hard to do. >> susie: we'll leave it there. mohammed, thanks so much. great talking with you. and we've been speaking with mohamed el-erian, c.e.o. of pimco. >> tom: two years after the b.p. gulf of mexico oil spill, and the first criminal charges in the case were filed today. federal prosecutors in louisiana charged an engineer for the oil giant with two counts of obstruction of justice. they believe the enginr, after beg to his electronic files would be collected as evidence, deleted over 200 text messages from his supervisor. the engineer faces up to 20 years in prison if convicted. >> susie: walmart today, responding to a new york "times" article alleg

, they are struggling with the apple versus apple comparison, illogical that people should pay a similar amount or similar multiples, and here is why i can't call this representation irrational or even to some degree exuberant. as they talk about the annihilation of the competition, they aren't saying we'll pay more for apple's earnings. he is saying if apple earnings $80 per share and the stock goes to $1,000, we divide earnings into price targets to get the multiple. appear level be trading an astounding low 12 times earnings. to the lower level of apple's soon to be des natured competitors. paying did 1 2 times earnings is nonexunrabt. who would pay the same amount for apple's future earning for the other guys? apple is by far the superior company. we know that. and the higher multiple. things can go wrong, somebody could come with up with a better tablet, better cell phone and maybe invasinovation slows downh the passing of steve jobs. bottom line, as much as i blanched when i heard apple with the price tag of a "g" and the market cap of a

we look at apple's earnings. the stock traited up and apple's stash of cash. ng-term up to $110 billion. that tops the market capping of all but 20 companies. talk to us about what else you are earning. >> that are is likely to grow above 150. if you look at the cash generation, by the end of this year's holiday quarter, let's look at a few other things. this was christmas all over again. christmas in july. this was christmas in april. this was a 14-week quarter for them. they did just 2 billion less this quarter. they did the same thing over again with strength internationally. people will be raising their ipad estimates and they are at about 27 million units for the year. if you count back to the holiday quarter, the fiscal year with the holiday coming this year with the momentum they have, they will get up above that. finally at&t and verizon the holiday, 31% of iphone sales. for this quarter 21%. look at how much less. >> they sandbagged everybody. >> i am not sure. you would almost think they intentionally sold fewer iphone, but no reason to see how they c

the bell. we are all about apple tonight. just to give you an idea of the impact that apple is having on the broader market right now, investors are watching the power shares qqq, the etf which tracks the nasdaq 100. the option activity in the qqq hit the most bearish level in nearly five years, ahead of apple's earnings today. apple makes up nearly 20% of the index's weight. today's decline is showing you more signs of fear that could be associated with concern about apple's numbers. we're all waiting to see how business is going for apple and if, in fact, business is going to relate and actually go side by side with actually the valuation that we've been seeing in apple over the last couple of years. take a look at where the stock stands right now in the final hours as we approach this final stretch. apple down 1 2/3%. a couple traders said they were getting heavy. quarterly dividend is 13%. ibm shares heavily traded as well jon fortt is joining me. let's get right to apple. why is there so much fear. >> i any analysts low b

now we're getting another bite at the apple. thank you, what do you hear about the at the same time they are adding a lot of subs, they are losing a lot of subs. they have 24.4 million u.s. subscribers, 24.6 in the second quarter of 2011. are the wheels just spinning in the same place at that point? >> every quarter, of course, they have growth editions and then people who stop using the service. so what the key number we focus on is the net edition. last year they shot themselves in the foot and actually saw a decline in the number of subs. that's why the stock went from 300 to the low 60s. the last two quarters they've shown a very nice rebound and added 1.7 million domestic subs. they are projecting quite a bill lower subs, domestic subs in the sect quarter of this year. we think it's mostly seasonal. one other thing i want to make, they are international. they only watch six quarters so we think there's an increasing compelling growth story that we're not finding a lot of value to because they are losing money but that's a ni

since the time of the trade, apple shares rebooted and rising 3%. "options action"s fans taken to itunes downloading the show and the only one is one thing. what will khouw and carter do next. before we answer that, what is at stake? 4 you shorted 100 shares you would look at a loss of $1700. it's a loss of about $300. here's where it gets interesting. if apple can manage to be below $600 by june expiration, we will keep that moan. the question is will apple stay below $600 by the end of june? carter, what do you say now? >> sure. as articulated, we think it is showing wear and tear. stock was down 15% from the high and obviously popped on the earnings. it's unconvincing to us and stay in the trade. >> stay in the trade. what's your inclination? >> i'm inclined to stay with it as well. we were short at this point and time is working in our favor. you trade for one day to the next and take a look at where it is trading. $13, i still think this is like being long and in the money put spread paying you. i like being short the stock. this is a risk way t

earnings lead the agenda. apple crushes the forecast as the company continues to sell millions of iphones in every corner of the globe. >>> numbers out of the big banks stand out in europe. spain's second biggest bank bba shows its balance sheet is in better shape than many had expected. >>> a cnbc interview after the giant gets slammed on toned down revenue giants. >>> showing whether to move downside or upside and he urges the government to do their own bit to boost growth. yep, plenty on earnings. you're watching "worldwide exchange." i'm ross westgate along with christine tan. jackie deangelis joins us later. >>> shares rallying more than 8% in germany later this morning. we've had the likes of credit suisse, siemens, and bbva. we've got patricia and carolyn. first let's kick off with you. they're pretty flat at the moment. >> they're pretty flat, actually dipping into ted nieve territory down to around 0.1%. as you pointed out, ross, credit suisse posting a surprise profit in the first quarter. we were expectin

but the fuji apples hold up the best of all the apples. they're sweet, delicious and chris. let's talk about selection. when you buy them, take a look at this right here. the more read the better. a little bit of yellow is ok but not too much grain. free from shriveling whatsoever. when you bring apple's home this time of year put them into the refrigerator right away. to not leave them on the counter at all. fuji apples. for the spring. wonderful, especially with a nice salad. i'm your fresh grocer. remember to eat fresh and stay healthy. i like fuji apple all year. >> developing ms right now. take a look at no. sacramento where you can see a lot of police cars down there. this is the area where police have been trying to find a gunman had apparently shot at officers. a have not recovered the car and they're still looking for that gunman. well, you know what they say about curiosity and caps. and an interest in got lucky in florida. somehow the tiny little for ball got stuck inside of a wall. the home owner heard it and thought she was stuck on the roof but now they're looki

apple's market share is extremely and on the horizon, china mobile, apple tv and iphone 5, i think it's going to be a blockbuster this fall. >> jon fortt, what is driving the stock? is it the phones or computers? what do you think is pushing investors into it? >> i think it's worry that is driving the stock right now and i don't think investors are necessarily being pushed into it. i tell you one thing that concerns me, i don't make stock calls but i crunch a lot of numbers. they gave a number of 3.2 million units. verizon's number tracks pretty well with what apple's number ends up being with a percentage. i end up with an iphone number around 28 million units. now, granted, you know, that's just a rough number and iphone tends to be more than half of revenue. analysts consensus is around $36 billion in revenue. apple could come around 34 billion, which some people would see as a disappointment. i'll lay out a couple of things. one, with the iphone, you have a tough year over year comp. with ipad, it's a tough quarter for them because you had a period of weeks when people knew that the

right now we have all five stills charged with the 6% juice, which is the fermented apple juice. and as the stills run, this first run today, we'll bump that up, might get to 50 proof, maybe 60 proof. we'll collect that first run and then we'll run it through on wednesday, we'll double everything. we'll run it a second time through the still. each time you distill, you gain proof, but you lose volume. our goal is to try to get 50 to 60 gallons of hopefully 90 something proof apple brandy. >> was this something that a lot of farmers would've done to make apple brandy? or was that unusual? >> no, it was a drink at the time. a lot of people, farmers are distilling, as well, various things. a still is a piece of farm equipment in the 18th and 17th century even the 19th century. if you're a small farmer, you're going to probably make a little whiskey on the side. you may do some apple jack, hard cider or brandy and the amount of orchards some of these farms had, it was a natural side business to be in. a lot of alcohol is also legal tender in this time period. you could sell it for pre

the options pit. scott nations. >> i like dan's apple trade. but wait to put it on and adjust your strikes. >> and i agree with that. listen, the fever is kind of broken to the up side on apple. be careful. volatility is very high. you can get the direction right, but the trade wrong. >> there's a lot of hyperbole, comparing ford and chipotle, but if you're long in that chipotle, stay. >> and congratulations on the iron condor. i know you are ecstatic. more "options action" go to our website. we will see you next friday at 5:00 eastern. "money in motion" is up after this break.

he said the wild card was what he called the "apple option," "potentially allowing the company to falter numerous times without investors becoming disgruntled." with shares trading at all-time highs-- over $600 today-- those shareholders have been richly rewarded as apple has conquered first mp3 players, then smart phones, and now tablet computers. >> there is seemingly huge investor exuberance over this story. everyone seems to be positive, which should be a red flag that everyone's positive, but the reality is, if you look at apple's valuation, it suggests the opposite. >> tom: so who are the buyers of apple hoping to raise its stock price? munster points out some new investors will be those looking for income with apple beginning to pay a dividend to shareholders this summer. >> susie: still ahead, in tonight's "beyond the scoreboard," we talk with under armour c.e.o. kevin plank about taking on nike. tonit, we continue our special verage of the spring housing market. manhattan real estate got leveled during the great recession, just like other parts of the nation. but manhattan is ba

the iphone issue, it accounts for 58% of apple sales. rier this year, at&t and verizon activated far fewer iphones in the first quarter than anybody expected. this led many analysts to believe iphone sales would disappointment and it was a crucial pillar of the bearish thesis going into the quarter. the problem? the problem with this analysis, at&t and verizon just don't matter like they used to. fell from 31% of total iphone sales, and new entry sprint sold 1.5 million iphones. and apple has launched international business which is far more important than analysts figured. they would have been better off talking to the chinese carriers than the american ones. analysts were looking between 28 and 33 million iphone sales. and a huge lfew outliars lookin2 3 4 million. when they had an 88% increase year over year, terrific numbers and analysts were swayed by contacts at verizon and at&t, saying the subsidies they need to pay apple aren't going to continue and will start emphasizing other phones. oh, really? let me give you a little hibt, guy

apple's providing strength to the overall apple ecosystem.ok at some of these chip suppliers. we have broadcom and qualcomm moving higher today. avago has many times dubbed as apple's number one friend with benefits. it's amplifiers are said to be in the iphone. that stock sharply higher today. and switch over to nuance communications posting gains speculated to be the maker of the popular siri, which is an attractive feature of the iphone 4s. lastly, look at zag. doesn't make parts used inside the iphone. basically a popular maker of the accessories like cases, screen protectors. that stock also coasting on the good news from apple. >> seema, thank you very much. action here at the nyse ahead of mr. bernanke. bob pisani joins us. you're watching the real estate investment trusts at this point because you said there's been a change in leadership. and they're it. >> it is. they're the new leadership group. the fed's had a low interest rate policy for years. and the real estate investment trust community is the big beneficiary. they're able to

up next tonight, why did "the new york times" do a hit piece on apple? the paper says the world's largest company sidesteps billions in taxes, but there is nothing illegal. how about fix the broken tax system with supply-side corporate tax reform? that's my apple question. and up ahead, too much economic doom and gloom running amok. we found someone who says america's decline is a myth. the u.s. is better, stronger, and faster than anywhere else in the world. >>> and later, sex, lies, and paychecks. team obama tries to perpetuate that old fallacy that women make less money than men. but we've got facts to show you it ain't so. and please don't forget, free market capitalism is the best path to prosperity, not occupy wall street, not 1% versus the 99%. and i'm larry kudlow. we'll be right back. carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. or cre

in the u.s., apple sells its iphones through national wireless carriers a.t.&t., verizon and sprint, but all three saw their iphone business drop in the most recent quarter. a.t.&t. activated 43% fewer iphones in the first quarter. verizon's iphone activations fell 26%. sprint just starting selling the iphone in october. this quarter, activations were down 17%. one reason for the drop off was the brisk sales of the new iphone 4s when it debuted in october. but apple's iphone sales fell only 5% last quarter thanks to a big jump in demand from china, demand that signals a huge opportunity. >> so, today, apple has a low single-digit percent of the market. they are very still much in the early stages in china, but if they could mirror their market share in the u.s. in china, then that would be an enormous opportunity for the company. >> tom: china is now responsible for a fifth of apple's iphone sales and the so-called "halo effect"-- when iphone customers also buy apple computers-- is in full-effect in china. mac sales were up more than 60% in china. like apple,