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  • Apple Shocks With Big Miss on Earnings


    Here's a headline you don't see every day.

    At the close of trading on Wall Street today, Apple announced quarterly earnings for its 2011 fiscal fourth quarter, which ended September 25th and does not take into account revenues gained from the iPhone 4S launch earlier this month.

    In a development that comes as a substantial shocker to some, Apple fell substantially short of analyst estimates today. Analysts had pegged Apple at earning $7.39 per share on revenue on $29.69 billion. Instead, Apple earnings came in at $7.05 per diluted share on revenue of $28.3 billion.

    Today - the first quarterly earnings report since Steve Jobs' departure as CEO and subsequent passing - marked the first earnings miss for Apple since 2004, a full three years before the first iPhone was introduced. In after-hours trading, shares of Apple (AAPL) initially fell more than $20 (or better than 7%).

    Despite the sell-off (which will likely be short-lived), Apple still saw its earnings grow substantially over the same quarter last year. And as long as the company keeps raking in the cash, it shouldn't have too many pressing concerns.

    For the quarter, Apple sold 17.07 million iPhones, 11.2 million iPads, and 4.89 million Macs.

    “We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual revenue to $108 billion and growing earnings to $26 billion,” said Tim Cook, Apple’s new CEO. “Customer response to iPhone 4S has been fantastic, we have strong momentum going into the holiday season, and we remain really enthusiastic about our product pipeline.”

    Source: Apple
    This article was originally published in forum thread: Apple Shocks With Big Miss on Earnings started by Michael Essany View original post
    Comments 14 Comments
    1. no1stunna2k's Avatar
      no1stunna2k -
      Im pretty sure Apple would have met or passed the mark if the iPhone was released in its normal time frame. Just my .02
    1. jmillermcp's Avatar
      jmillermcp -
      Quote Originally Posted by no1stunna2k View Post
      Im pretty sure Apple would have met or passed the mark if the iPhone was released in its normal time frame. Just my .02
      Agreed. People gotta keep in mind that these 3rd-party "projections" were based on an iPhone release that never happened. Apple's year-over-year revenues were up by double digits in every department but the iPod.
    1. iphoneadam's Avatar
      iphoneadam -
      I like your products apple.. But I just don't really like you as a company anymore..
    1. bruinsrme's Avatar
      bruinsrme -
      I wonder if apple Wanted to realign their product to quarter for a better revenue flowIn apple quartersq1 christmas and minor refresh of laptopsQ2 new release of iPadsQ3 new air, MBP and peripherals Q4 iPhone Maybe we won't se the next iPhone until fall 2012
    1. relkorama's Avatar
      relkorama -
      This is why I hate "Analysts Predictions"...

      Now they make is seem like the world is ending because Apple didn't meet the "Analysts Predictions"

      Ummm...they still made $28.3 billion....that's pretty damn good.

      And yes, I agree...the numbers are different because of when the latest iPhone was released. I am sure Apples #'s this quarter are going to blow away last year's quarter.
    1. Samandrew's Avatar
      Samandrew -
      Quote Originally Posted by iphoneadam View Post
      I like your products apple.. But I just don't really like you as a company anymore..
      Your a tool.
    1. Stumbows's Avatar
      Stumbows -
      Yea this quarter will be the big one to watch with 4 million 4S's sold in one weekend!
    1. unison999's Avatar
      unison999 -
      Who is shocked?Nobody can stay ahead forever, why not do it when you have an excuse?

      Quote Originally Posted by Samandrew View Post
      Your a tool.
      it is actually you're a tool, if you are going to dump on someone do it correctly or it becomes meaningless.
    1. RICO_'s Avatar
      RICO_ -
      So they hit over 95% of what they were expected to hit with a delayed iPhone launch that the analysts probably weren't counting on to happen. I don't think they'll be jumping out of windows with those numbers.
    1. iphoneadam's Avatar
      iphoneadam -
      Quote Originally Posted by Samandrew View Post
      Your a tool.
      Yes Samantha, I mean samandrew. Why am I a tool? I simply don't like the way Tim Cook represents apple as a company, Steve jobs never threw the companies net worth and value around, like I said I love the products (so far) but not the company as of Steve jobs passing.
    1. raduga's Avatar
      raduga -
      Quote Originally Posted by RICO_ View Post
      So they hit over 95% of what they were expected to hit with a delayed iPhone launch that the analysts probably weren't counting on to happen. I don't think they'll be jumping out of windows with those numbers.
      RICO_ shocks by not kicking Apple when they're down.
      good on you!
    1. RICO_'s Avatar
      RICO_ -
      Quote Originally Posted by raduga View Post
      RICO_ shocks by not kicking Apple when they're down.
      good on you!
      AND I bought the 4S on LAUNCH day.....trusting that Apple would not have the same problems on back to back models.
    1. achen's Avatar
      achen -
      Quote Originally Posted by iphoneadam View Post
      Yes Samantha, I mean samandrew. Why am I a tool? I simply don't like the way Tim Cook represents apple as a company, Steve jobs never threw the companies net worth and value around, like I said I love the products (so far) but not the company as of Steve jobs passing.

      iphoneadam, you do not need to like it as a company, unless you are a share holder buying AAPL's stock.
      And, although you don't like it, its market value will keep raising higher and higher. So its really irrelevant.
    1. drkgremlin's Avatar
      drkgremlin -
      noticed stock dropped below 400 today