Wall Street Stamps Its Feet, Begs Apple To Unleash The IPhablet
By DMO Affiliate
Apple handily beat Wall Streets expectations for both EPS and revenue in its first-quarter earnings report released Monday, but that still wasnt enough to stave off investor panic as the companys shares were trading down by more than 7% on Tuesday morning. There are two obvious reasons for the latest round of Apple -related panic: The companys 51 million iPhone sales in Q1 were below expectations and its second-quarter guidance was similarly below what the Street had been expecting. These two developments have also predictably led to assorted financial analysts firing off angst-ridden notes outlining what Apple “needs to do in the coming quarters.
|Wall Street Stamps Its Feet, Begs Apple To Unleash The IPhablet|