Apple?s Q4 miss was a gift for investors, Ticonderoga says

Apple reported fiscal fourth-quarter earnings on Tuesday evening that missed analyst estimates by a fair margin, due in large part to iPhone sales that fell well below the Street’s consensus. Analysts weren’t expecting iPhone sales to slow at all, but even Apple CEO Tim Cook acknowledged on the company’s earnings call that the overactive hype machine ahead of the company’s October iPhone refresh was largely responsible for the stall. Firms are still bullish on Apple despite the miss, of course, and one analyst views Apple’s fourth-quarter earnings as a “gift” ahead of the holiday season. Read on for more. Shares of Apple stock dipped more than 7% in after-hours trading following the company’s earnings report Tuesday evening, and Ticonderoga Securities

Source: http://feedproxy.google.com/~r/TheBoyGeniusReport/~3/8LrWKdRgqbM/

iphone 4 case android android handy android smartphone android tablet