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22-07-2008, 07:42 PM
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Today is Tuesday
Join Date: Oct 2004
Location: NW London
Posts: 384
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Re: Headlines - Apple shares down 10% in pre-market trading
Kind of missed the point in this article, they announced that their profit for the quarter was £120million above expectations, however they also said that sales would be £250million lower in the 4th quarter, hence removing any likely gain. Also they said iPhone sales were a million on day one but it seems only 717,000 were sold... curious! It wasnt that Wall Street was expecting significantly more, it was just that there were a few announcements that were basically neutral (especially given this quarter should have been massive given the high earning iPhone).
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