|Page (1) of 1 - 01/28/14||email article||print page|
Apple handily beat Wall Street¯¯¯s expectations for both EPS and revenue in its first-quarter earnings report released Monday, but that still wasn¯¯¯t enough to stave off investor panic as the company¯¯¯s shares were trading down by more than 7% on Tuesday morning. There are two obvious reasons for the latest round of Apple -related panic: The company¯¯¯s 51 million iPhone sales in Q1 were below expectations and its second-quarter guidance was similarly below what the Street had been expecting. These two developments have also predictably led to assorted financial analysts firing off angst-ridden notes outlining what Apple “needs¯¯¯ to do in the coming quarters.
|Wall Street Stamps Its Feet, Begs Apple To Unleash The IPhablet|
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