Another Apple Article: They Missed
Yes, yet another article about Apple Inc (AAPL). The company missed on earnings today (Jan 23rd) and its shares are down after-hours. Apple shares are falling 5% in after-hours trading.
The richest corporation on the planet earth missed the Street by $220 million for Q1. That really doesn't sound that bad when Apple Inc. raked in $54.5 billion in revenue. Apple expects its forward Q2 to be between $41 to $43 billion, $2 billion shy of what the Street wanted.
Expect to hear all about it and read a million articles about Apple tomorrow. As I type Apple Inc (AAPL) shares are at $485 and down almost 5%.
They still sold a ton of iShit, including the following in Q1:
- 47.8 million iPhones
- 22.9 million iPads
- 4.1 million Macs
- 12.7 million iPods
If Apple shares continue to tank they will provide a great entry point for bystander investors.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- It's Official: Chinese Buyers Have Left The U.S. Housing Market | ZeroHedge
- How A Secretive Elite Created The EU To Build A World Government | ZeroHedge
- Richard Russell: The Passing of an Icon | Financial Sense
- Paris, Sharm el-Sheikh, and the Resurrection of Old Europe | Financial Sense
- Swiss Bank Hits Customers With Negative Interest Rates; Crazy? What About Velocity? | Financial Sense
- Is it Time to Get Defensive? | Financial Sense
- Matthew Mather's Darknet Shows Reality Is Not Far From Fiction | Financial Sense
The most relevant financial news and articles from the Internets
- Burkina votes for new president after year of upheaval | Business Insider
- The director of the new movie about Steve Jobs says... | Business Insider
- When I was 6, my dad taught me a critical money lesson that forever changed the way I spend | Business Insider
- California governor in Paris to push pact to curb... | Business Insider
- ICYMI in NFL's Week 12: Gronk injured; Pats lose to... | Business Insider
- Activists vandalized 600... | Business Insider
- Laptop Computer Reviews - BusinessWeek | BusinessWeek