The largest enterprise in the world has fallen short of expected earnings for the second consecutive quarter. This has been attributed to Apple’s difficulty to try to keep up with the demand for their products.
AAPL's (Apple) fourth fiscal quarter earnings were recorded at being 24% greater than last year's same quarter. Then again, earnings were eight cents less than the expected $8.75 ($8.67) that the majority of financial analysts estimated.
Up to now the net profit deficit appears to not have caused any substantial problems with the corporation's stock. Their shares are only down 1.14 in after-hours trading. The miss in earnings came regardless of the 26.9 million iPhone units sold by Apple last quarter. This figure is approximately 2 million more than what analysts have predicted.
The iPad revenues have also increased to 26% year-on-year; an extraordinary accomplishment considering that quite a few consumers had been likely waiting for the iPad Mini (set to debut next week, November 2). Nonetheless, the 14 million iPad units that have been sold have trailed the 15 million expected.
Although Apple shares have not been destroyed by the miss in earnings, the stock is actually down to $605 (5:30 p.m. EST). This is nearly $100 lower than what the stocks were month ago.
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