Apple‘s stock — which topped $700 in mid-September — briefly dipped under $600 and remained -1% in after-market trading after reporting disappointing results for the most recent quarter. It’s not that the company did badly. Indeed, for anyone else the results would be considered fantastic: Apple reported net income of $8.2B for its fiscal Q4, +24.2% vs the period last year, on revenues of nearly $36B, +27.2%. The revenue figure slightly beat the Street’s expectations for $35.8B. But earnings per share, at $8.67, were below forecasts for $8.75. Apple’s bare-bones announcement says that it sold 26.9M iPhones in the quarter (+58% vs last year) as well as 14.0M iPads (+26%), 4.9M Macs (+1%), and 5.3M iPods (-19%). The company says it expects to generate $52B in revenue next year, with earnings per share of about $11.75. “We’re very proud to end a fantastic fiscal year with record September quarter results,” CEO Tim Cook says. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.” Apple shares are down about 9.5% over the last month as many investors began to wonder whether the tech company can continue to soar. Reactions to its iPad Mini have been mixed — and it faces intensifying competition from phones and tablets powered by Google’s Android and Microsoft’s Windows operating systems.
Related: Apple Introduces iPad Mini And A More Powerful iPad


Yeah I love how 25% growth and 8.69 billion in profit is disappointing…
I would say they could get some cost savings by manufacturing in China, but they already do that. Isn’t that cooool! The liberal loving company is a job destroyer. Where is Obama on this job migration? Surely Cali is upset about this? Hollywood surely can’t be buying all that gear, can they?
Apple is clearly on the down slope for the near future. That is why the stock is taking a hit, and will take more tommorow.
The current “leader” of Apple needs a miracle, maybe two.
A “job destroyer”? Apple employs about 50,000 people in the U.S., and pretty much single-handedly created the “app” economy through its mobile platform, which has paid billions in revenue to developers. Apple is responsible for the creation of some 500,000 U.S. jobs that otherwise wouldn’t exist.
Those low-wage, low-skill Chinese manufacturing jobs you’re complaining about “migrating” were never here to begin with, so how could they migrate? The high-wage, high-skill jobs are here. (And btw, show me any other tech company that manufactures domestically. It’s called globalization, monkey boy.)
And “clearly on a down slope”? By posting record growth, profits, and consistently outpacing the rest of the industry? By now being worth more than Google and Microsoft and Amazon _combined_?
The only reason their stock is taking a hit is that most Wall Street analysts are morons who fail to grasp how undervalued Apple is. (Go compare its P/E ratio to those other companies and get back to me.)
Americans like Mark don’t want jobs. They want paychecks.
Wall Street analysts also look at future growth when making recommendations on valuation.
Apple has been a star in the past few years because of their innovations, but thanks to Amazon, Samsung, Google and a whole swarth of other competitors, consumers have more choice. The fact that Apple’s mini iPad is $150 above what is currently out there does little to excite them.
I’m sure you just googled P/E ratio to help justify your fanboy obsession. I’d suggest you stay out of Wall Street and go back to Brooklyn with your hipster Apple bretheren and your contract Graphics Designer work.
Fanboy? Ha! John was right on every point. Get your head out of the gutter.