I agree with Gruber that the "missed expectations" expression is misleading. Analysts' expectations were not in line with reality. The iPhone numbers are what

I agree with Gruber that the "missed expectations" expression is misleading. Analysts' expectations were not in line with reality. The iPhone numbers are what they are, irrespective of incompetent analysis. A fairer way to state this would be that analysts, as usual, were over-optimistic and this optimism caused a lot of investors to be overly optimistic too, which caused an over-inflated share price, now corrected.