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.
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