AAPL's Roller Coaster?

AAPL even beat the whisper numbers, as far as I can tell their up about 3% in after market. In my opinion, the Jobs leave of absence saw a mitigated, muted response and considering the beat, it feels like the upside is a bit muted.

On the other side of the coin, AAPL is a company that has consistently been very conservative on guidance so they tend to beat quite often. However taking out some pretty lofty whisper numbers is impressive.

I don't concentrate too much on pre-post market trading. We'll see tomorrow if there's a bigger response from AAPL. Obviously there are deep concerns over the issue of whether or not Steve Jobs shoes can be filled. In the short term we get knee jerk reactions, especially in after hours trade which is why i'm surprised AAPL isn't trading higher. Over the next few days we'll see how the market discounts Jobs' absence.

Ironically, a strong beat can sometimes be a bad thing. The market is always about expectations moving forward and sometimes a strong beat can be seen as "This is as good as it gets". We'll see. In the meantime I'm sure we all hope Steve Jobs gets well soon.