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10-18-2011, 02:49 PM #1
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.
“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.”
10-18-2011, 03:08 PM #2
Im pretty sure Apple would have met or passed the mark if the iPhone was released in its normal time frame. Just my .02
10-18-2011, 03:13 PM #3
10-18-2011, 03:29 PM #4
I like your products apple.. But I just don't really like you as a company anymore..
10-18-2011, 03:37 PM #5
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
10-18-2011, 03:46 PM #6
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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.
10-18-2011, 03:57 PM #7
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10-18-2011, 04:15 PM #8
Yea this quarter will be the big one to watch with 4 million 4S's sold in one weekend!
10-18-2011, 06:22 PM #9
10-18-2011, 07:15 PM #10
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.
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10-18-2011, 07:19 PM #11
10-18-2011, 08:35 PM #12
10-19-2011, 03:44 PM #13
10-19-2011, 04:35 PM #14
10-21-2011, 08:18 PM #15
noticed stock dropped below 400 today