Apple's Q3 Numbers for FY2012 Fall Below Expectations
Apple is announcing and releasing its Q3 FY2012 earnings. Amazingly, the tech giants failed to live up to expectations of analysts and their performance did not meet predictions.
Source: www.apple.com
Apple has just released its Q3 FY2012 earning call and as the first numbers are streaming in there is some surprise for analysts. Experts had predicted US$10.37 earnings per share for the tech giants. However the company missed the mark and could only post US$9.32 earnings per share ($8.8 billion total) on $35 billion in revenue.
Approximately 17 million iPads were sold during the April to June period. However, with older models of both the iPad and the iPhone present on shelves with slashed prices, pricing rather than volumes seem to be the cause for the sag.
While Apple shares fell by US$34.99 down to US$565.93 after the release of the results, there seems to be no need to panic. The earnings from the new Macbook Pros with the new retina display will be factored in for Q4. In addition, Apple has also just launched the third iPad in China after cessation of legal woes. There seems to be no reason the trend of not surpassing analyst predictions will continue.
Source: The Verge and Techland
Our articles may contain affiliate links. If you buy through these links, we may earn a small commission.