Apple Store Is Down; Earnings Today After the Bell

Posted by: Arik Hesseldahl on January 22

The Apple Store is down. That’s often an indicator that a new product is about to be announced, though sometimes it isn’t. The store went down over the weekend for what was probably just some routine maintenance. However, today is Tuesday, which historically speaking, is the day that Apple most often releases new stuff.

Meanwhile Apple stock is down $9.36 or more than 5% in pre-market trading. Maybe some new hardware will help put the brakes on, but all the indications are that the market is going to get hammered today, and take AAPL along with it.

Meanwhile, today is earnings day. Piper Jaffray analyst Gene Munster has a note out this morning saying he thinks iPod sales will come in between 24 million and 25 million units. He also expects Mac sales to beat expectations. He still rates the stock a buy. Average revenue estimates are running at about $9.5 billion and profit estimates are at $1.62 a share.

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