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The price seems to be dropping. $422.24 at close today and $393.74 after hours (@3pm pacific 10/18/2011)... http://www.google.com/finance?client=ob&q=NASDAQ:AA

• forrestthewoods 15y ago
  Analyst expectations missed. http://www.cnbc.com/id/44908357 http://www.cnbc.com/id/44908357 Seems likely due to iPhone 4S shipping later than their normal cycle? That'd also be why guidance for the next quarter is so high I imagine?
  • mikeryan 15y ago
    Apple always lowballs guidance (note Apple beat its own guidance by about 2B I believe) so its up to the street to set their own view of what Apple should be making (on top of Apple's estimations). Of course they're just guessing based on past results so its way less accurate. Its a bit of Apple's fault however. They're noted for low balling revenue guidance which is why the street likes to tack a few billion on whatever Apple says.
• X-Istence 15y ago
  Give it a week, it will be back to where it was and more.