more and more people are stocking up on food and cutting expenses. iGadgets aren't a must have item when gas, utlilities and food start eating up most of the household budget.
Amazon missed too....markets will be down big tomorrow...
So, people didn’t care for the new iTampon?
and Intel and IBM...
What Apple is experiencing is their products becoming a commodity. Just like desktops, laptops and flat screen TVs have become.
Google/Amazon is a little more complicated. Perhaps more of a reflection on the economy. Plus UPS missed also? They should be a good indicator since it reflects an amount of commerce.
So, $8.67 per share profit and a 28% increase year over year, and zero debt wi $125 billion in the bank is a miss. And projecting sales of $52 billion in the next three months, by the company that is just a niche maker of computers and overpriced gadgets. Wow, what if they made their number. And for iPad mini, of course it is priced more than the Nookie or the Kindle. Those are plastic toys, used by few people, and they are about 40% smaller in size with about 1% if the apps available for the iPad. The iPad will relegate those to the crowd that are still using 10 year old Toshibas running Windows XP and Windows 98 to save money.