San Francisco (Reuters)-apple dumbfounded report results missed Wall Street DuoNian to first expectations, and accused the new iPhone rumor damage in September quarter demand.
On Tuesday, apple in shares fell 7% in after-hours trading, wipe out the world's largest technology company worth about $27 billion.
This is apple's first quarter earnings next chief executive Tim cook, who took over Steve jobs in August in the company's key moment. Apple in the race for mobile field, Google company, and other such as samsung and Amazon.com company challenger
Junior Smith said, joint Capital Advisors growth fund manager, hold "investors start to guess, is now ongoing changes, what jobs go ahead, there is trouble, we don't agree with this," apple stock in the company.
"The iPhone is one of the weaknesses, and its interpretation. The iPhone festival one of strong demand 4 S Settings, strong demand."
Apple said that as of September 24,, in the fourth quarter of fiscal 170700 iPhone sales-and about 200000 analysts predict. IPhone is apple's flagship product, produce some years 40% of sales.
Income rose 39%, to $2.827 billion, more than the average analyst expectations of $2.969 billion, according to townsend Reuters I/B/E/S. Apple missed since the fourth quarter of fiscal 2008 earnings, this is the first time.
Net profit of $662 million, or $7.05 a share. Fall is shy of $7.39 per share of income expectation. Apple missed earnings per share expected the last time in the first quarter of 2001, according to townsend Reuters I/B/E/S.
"The company's expectations are burned red, this is why we downgraded," BGC Partners analyst Colin, cobolli gigli, reduce its rating strands of days ago said. "The reality is that their business is not annuity, they have to sell its quarterly income worth every 90 days."
"They have a big upgrade cycle, and iPhone, row in the weak, the number they need to set records each time, their report, in order to keep that momentum."
Apple executives say, consumers had to be postponed until key holiday quarter, because of the hype a new cell phone on the purchase decision. Apple launched the iPhone 4 S in early October, it hit stores last Friday.
Apple-this usually provide forecast very conservative, they have been ignored-Tuesday forecast last year in the fourth quarter earnings and higher than Wall Street expected returns.




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