10/18/2011 11:45 PM ET |
Filed under: Tech Talk
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.
We wonder how the incredible sales of the 4S are going to impact everything.
Did you get a 4S??
Tags: apple, company, incredible, iphone, rebound, sales, stocks, weird