Slowing iPhone sales hurt Apple

News > World

Published: 24 Jan 2013 at 21.45
Online news: World

NEW YORK - Apple took a fresh bruising on Thursday after a gloomy forecast accompanying its record quarterly profits prompted pessimism over the tech giant's slowing growth trajectory.

Apple shares slid 9.9 percent to $462.96 in early trade, extending the decline from record highs above $700 last year.

"We don't think the Apple growth story is over but shares will likely languish until confidence is restored," said Sterne Agee analyst Shaw Wu.

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schuimpje
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Discussion 3 : 25 Jan 2013 at 12.033
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Dao, D2: that's like saying that Ferrari is overpriced to the extreme compared to a China made Cherry car, after all, both have 4 wheels, doors and an engine right? Apple is a brand like Chanel, Luis Vuton and the likes. Premium Quality Products for a Premium Price...
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dao
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Discussion 2 : 25 Jan 2013 at 09.202
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Iphone is over priced to the extreme .Apple is in dire need of some hard nosed competetion to bring its prices down to earth .
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geoffo
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Discussion 1 : 25 Jan 2013 at 07.431
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"They had a really high increase in sales, but their high margin is coming apart at the edges... They are making less per gadget."

"Apple's profit did go up; it just didn't go up that much," said analyst Rob Enderle of Enderle Group in Silicon Valley. So a 40% GP is not enough.

OMG , give up , close Apple. What utter nonsense, sales and profit are up "but not as much as we thought". If this is analysis aren't you glad you are not investing with this mob.
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Slowing iPhone sales hurt Apple | Bangkok Post: news