Check out the video for a deeper look into the chart:
Despite the lackluster numbers the company did, however, deliver better-than-expected outlook for the fiscal first quarter 2012, which starts in October. The company said it expects earnings of $9.30 a share, while analysts expected $9.01 a share. The company has a reputation of sandbagging guidance figures, so the greater than expected guidance is even more significant. AAPL has its share of critics who say it is an over-crowded trade, but shorts beware that next quarter's earnings could be blockbuster after the launch of the iPhone 4S and continued growth of iPad.
From a trader's perspective, there will almost certainly be a lot of volatility in AAPL shares today. If buyers can fill much of this overnight gap, it would demonstrate that investors are giving the company a pass for this report.
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