Linked by Thom Holwerda on Wed 23rd Jan 2013 22:09 UTC
Apple "Apple Inc reported quarterly revenue that slightly missed Wall Street expectations as sales of its flagship iPhone came in below target, sending its shares down more than 4 percent. The world's largest technology company shipped 47.8 million iPhones, lower than the roughly 50 million that Wall Street analysts had predicted. Sales of the iPad came in at 22.9 million in the fiscal first quarter, about in line with forecasts." I'll leave the financials to the experts, but one thing that stood out to me: Apple sold 4.2 million Macs, almost a million below expectations. How much of a future does desktop computing have at Apple? Update: The NYT/Reuters changed the title during the night. Fixed it.
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Better than last year = disappointement?
by chiwaw on Thu 24th Jan 2013 07:05 UTC
chiwaw
Member since:
2006-02-05

Alright I know this site is anti-Apple, but really this news speaks volume about Wall Street much more than Apple itself. The company improved from last year, yet "disappointed" because it didn't grow as much as some Wall Street bozos guessed it would.

Let's just say, for the sake of argument, that Apple completely stagnate for the next 10 years, I mean they sell the exact same amount of iPhones, iPads and Macs every single years. Never less, never more. Basically turning a truck load of billions on profits every years.

Now because they would never hit Wall Street expectation for growth, the company would always disappoint, yet constantly bringing mind boggling profits in its coffers. But the disappointment would sink the stock down.

How does that even make sense? Someone who is more knowledgeable than me about the stock market can shed some light?

Edited 2013-01-24 07:06 UTC

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