3 ms·
Probably 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
by aetherson 14y ago
Probably 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.