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But wasn’t the current quarter one week (so seven percent) shorter than the year ago quarter? Does that matter?
by arrrg 14y ago
But wasn’t the current quarter one week (so seven percent) shorter than the year ago quarter? Does that matter?
- glasshead969 14y agoI don't know if its good or bad for apple but I hate it when articles fail to mention this difference when comparing.
- pazimzadeh 14y agoThat's right. http://www.apple.com/pr/library/2013/01/23Apple-Reports-Record-Results.html http://www.apple.com/pr/library/2013/01/23Apple-Reports-Reco...
- aetherson 14y agoProbably doesn't matter a ton. What seems to be driving the modest sell of Apple right now are: 1. Revenue slightly below estimates. Analysts knew that this quarter was a week short and built that into the estimates. 2. Profit MARGIN way down from year-ago-quarter. It doesn't matter that this quarter is short, it's the ratio of profit to revenue, not the gross amount of profits. Also, profits short of expectations, and, again, the short quarter was built into expectations.