Apple (AAPL) reported third quarter results after market close.
iPhone sales for the last two days of the quarter were well below expectations at only 270,000 units. Some were predicting as many as 700,000 units.
The market was quick to overlook since Apple shipped 1,764,000 computers for the quarter, an increase of 33%, and 9,815,000 ipods, an increase of 21%.
Earnings rose 73%. The stock was trading up after hours.
I guess Fake Steve was right.
Wednesday, July 25, 2007
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment