Apple missed Wall Street's revenue forecasts, for a third consecutive quarter of the iPhone sales below expectations, and encourage the investors' worries, the dominant position of the mobile communication industry is slipping.
Is the world's largest technology company's shares fell 10%, $463 an hour later, wipe for about $5 billion, its market value, its $514 closed.
On Wednesday, apple says, a record 47.8 million shipments of mobile phone iPhone in the fourth quarter of last year increased by 29% from the same period last year, but less than analysts had expected an average of 500000 pieces.
"This is to ask a question, apple's advantage in the space. It is still a great player, others are samsung and Google. It is still YiLiangPi horse RACES, but Android continued rapid growth," said stern Agee XiaoWu analysts.
"If you take a step back, it made it clear that they brought a lot of mobile phones, but the problem is that the investors have high hopes. Apple's conservative guidance, outstanding from the Asian recent production concerns.
Apple in the current fiscal year is expected in the second quarter revenue of $4.1 billion to $43 million us dollars, behind the Wall Street average forecast more than $45 billion.
The first fiscal quarter revenue grew 18% to $5.45 billion, less than the average analyst expectations of $5.473 billion, or $13.81 a share, although profits of street snap forecast $13.47, according to the townsend Reuters I/B/E/S.
Analysts said, apple company also lower jaw outstanding revenue target of the first two quarters, these results will lead to more problems, apple has been in the line, what you can do to attract new sales and keep it long track.
For $1.306 billion a year, the net income of $1.307 billion is flat.
China is a bright spot
Investors expected to the title of the results has been uniform in a few Asian parts suppliers could lose news, cause to worry about iPhone, apple revenue accounted for, but the iPad demand may be slowing.
Apple shares dropped nearly 30%, a record high, in September, to a certain extent worry day speed development and mobile devices are no longer as popular.
Fierce competition, samsung cheap mobile phones - the Google's Andr oid software - signs, high-end intelligent mobile phone market in developed markets may be close to saturation, but also caused many investors jitters.
At the same time, in the sales of iPad came in the first quarter of this year to 229000, with roughly expected.
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On the bright side, chief financial officer Peter Oppenheimer told Reuters, iPhone sales growth more than twice - in the greater China region, apple CEO Tim Cook (Tim Cook) swore to focus on as below a big growth power.
The company will begin to detailed introduces the results of the country.
"These results is sure, but they must put forward a few questions, Cross Research analysts shannon said:" span. "Gross profit margin track looks good, so this is a positive and cash sustained growth. But I think investors will want to know the apple plan and growing cash balance."
"All will be around innovation and future products from what Tim Cook (Tim Cook) in the future from twelve to eighteen months."
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