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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RE: Ridiculous expectations
by Bill Shooter of Bul on Thu 24th Jan 2013 05:11 UTC in reply to "Ridiculous expectations"
Bill Shooter of Bul
Member since:
2006-07-14

What you're seeing is people realizing that Apple has hit that point where its no longer a growth stock. Mutual funds and large institutions sometimes want to maintain a certain portion of their holdings in growth stocks. If Apple is no longer a growth stock, then they'll have to adjust their portfolio accordingly. I think that's what you're seeing now. Or at least it sounds like it to this complete financial noob.

So basically Apple's not doing a terrible job, but neither are analysts or people selling the stock. They just have different objectives and perspectives.

Reply Parent Score: 2

henderson101 Member since:
2006-05-30

Ah, like Dell, HP and Microsoft... right! Gotcha!

Reply Parent Score: 2

Bill Shooter of Bul Member since:
2006-07-14

Exactly, with the obvious difference that Apple is still the worlds most valuable publicly traded company by market cap.

Reply Parent Score: 2