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.
Thread beginning with comment 550275
To view parent comment, click here.
To read all comments associated with this story, please click here.
Member since:

Apple used to beat expectation and even then the stock would go down.

I think shares, in general, have little to no attachment to reality. Analysts are guessing based on guessed numbers or "market trends". Everyone has a different conclusion.

People just try to buy low and sell high, nobody buys shares to get dividend instead of interest of a savings account.

Reply Parent Score: 3

Soulbender Member since:

I think shares, in general, have little to no attachment to reality

I wish more people would realize this. Stock brokers lives in their own little world where panic is just around the corner and where reality have little influence.
Castles made of thin air, as the saying goes back in Sweden.

Reply Parent Score: 3

MOS6510 Member since:

Well, it's not like these financial people are causing global economic chaos with their behavior.

Oh wait!

Reply Parent Score: 3