Pulverized? Funny I was.watching FBC when the numbers came ouf. Many a talking said plenty, pulverized wasn’t one of the words mentioned. Me thinks another tech bubble is on the horizon, sealed in stone if the Chinese economy tanks.
Apple is above the Street's highest guesstimate. . . But there's no accounting for editorial headline writers. Yahoo's went completely the other way and falsely claimed that Apple had "Disappointing Earnings" which is completely untrue, since Apple's earnings were a record for the quarter and the highest of any company in history for that quarter. How can they be "disappointing" when they are higher than expected by the Street and a record?
The iPad was right on predictions, the Mac exceeded predictions. . . and the Revenues and profits, as well as margins outdid predictions.
The only thing that was supposedly unexpectedly lower was that iPhone sales were 47.5 million, where just a few Street anal-cysts had projected higher unit sales (others had fewer), and Apple disappointed their blue-sky wishful thinking. That Apple did not blow their guesstimates out of the water is due entirely to the tanking of China's economy, yet Apple still tripled sales in China Year over Year. . . and took the number selling one smartphone spot in China.