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Apple Stock Takes A Hit After Q4 Miss

| Filed under: Tech Talk

iphone-4s.jpg

Well, nobody really saw this coming.

It's strange for the Apple stock predictions to be different from what they actually are, but this just happened:

Sluggish sales of iPhones during Apple’s fourth quarter contributed to revenue that was up more than 39% year-over-year at $28.27 billion but missed analysts’ estimates. Earnings per share were $7.05, less than Wall Street’s $7.39 target — the first time the company has missed EPS estimates (or any estimates, for that matter) in seemingly forever. The company reported after the bell this afternoon, and the stock was down as much as 7% after hours before rebounding slightly.

Weird.

We wonder how the incredible sales of the 4S are going to impact everything.

Did you get a 4S??

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5 comments to “Apple Stock Takes A Hit After Q4 Miss”



  1. 1

    HELL NO!! I think that people who keep re buying phones just b/c the "new" one comes out are dumb! I still have my blackberry from 3 years ago its works just fine im not about to pay 200 bucks just b/c the new one has a touch screen! PASS!



  2. 2

    The iPhone 4s is a piece of sh*t. The Samsung Nexus Galaxy is leaps and bounds ahead (except for the camera maybe)… They should've at least made the screen larger to compete, but Apple will just sue to block innovation from other smartphone makers.



  3. 3

    As they say about Apple stocks: buy during the hype, sell after the release. No different for this incarnation of the iPhone.



  4. 4

    Every week is a new phone. Keeping Up with the new phones is like keeping up with the kardashians.



  5. 5

    Apple products suck! I'm glad!