Apple Tankwatch Message Board

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Technology Stocks : Apple Tankwatch

AAPL 259.06

-0.5%

Jan 8 3:59 PM EST

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From: rnsmth	10/19/2011 11:26:47 PM
	Read Replies (1) of 32692

Here is what a bad quarter looks like at Apple: Rvenue up 40 per cent – $8bn higher than a year ago – and net income up 50 per cent. If the rest of the human race could learn to fail like this, it would soon abolish war and colonise distant galaxies. Nonetheless, both sales and profits were a few per cent lower than what Wall Street had pencilled in and stock prices react to performance relative to expectations. Apple’s shares moved down 6 per cent in late trading, leaving the company trading at 11 times trailing earnings, once the getting-to-be-embarrassing $87 of cash per share is backed out.

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