Wednesday, October 19, 2011

Apple miss due to customers waiting for newest version...

Apple Inc. (AAPL). The company stunned Wall Street by reporting results that missed expectations for the first time in years, blaming rumors of the new iPhone for hurting demand in the September quarter. Net profit was $6.62 billion, or $7.05 a share.  Apparently, customers held off buying iPhones until the October launch of the latest version.

No comments: