Apple profits beat estimates, but sales disappoint – San Jose Mercury News

Apple profits beat estimates, but sales disappoint – San Jose Mercury News:


Worse, the company forecast that its holiday period results would fall far shy of expectations.

In the period ended Sept. 27, the Mac computer maker earned $1.14 billion, or $1.26 a share, on sales of $7.9 billion. Analysts polled by Thomson Reuters, meanwhile, had forecast that Apple would earn $1.11 a share on $8.05 billion in sales.

and the Apple numbers are already being spun into negatives. somehow.

Note to those wondering: this is not an “Apple” problem. this is “the analysts barely deserve jobs working at car washes” problem.

(eye roll)

In other news, Yahoo just announced layoffs of 1,500 (10%) or more, and we’re hearing via the wonderful “little birdie” network of friends of friends that yahoo managers have been told to trash another 10% of their staff in reviews to encourage them to leave w/o packages. Oh, and the packages are rumored to suck….

and over in Sun land, it’s mostly cloudy with a chance of rain. Anyone remember way back when when Sun was going to buy Apple, and didn’t because it was too expensive and Mike Spindler was demanding a board seat as his personal playtoy? How times change.

You might also want to read:

  1. San Jose Mercury News – Sharks’ Smith staying or going? San Jose Mercury News – Sharks’ Smith staying or going?: Center Mark Smith remains the lone Shark from last season’s lineup without a new contract,...
  2. San Jose Mercury News – More doping problems at Tour San Jose Mercury News – More doping problems at Tour: Today, a senior French doping official said yet another rider failed a doping test –...
  3. San Jose Mercury News – G.M. happy with Sharks’ roster San Jose Mercury News – G.M. happy with Sharks’ roster: Does he share their frustration, often vented on the Sharks’ Web site? “No, not at...
  4. San Jose Mercury News – A painful outcome San Jose Mercury News – A painful outcome: The Sharks were also upset that Radulov left his feet to deliver the hit. Bernier crumpled to...
  5. San Jose Mercury News – San Jose City Hall lovebirds on reality Web TV San Jose Mercury News – San Jose City Hall lovebirds on reality Web TV: San Jose City Hall’s favorite lovebirds – Jose and Clara –...

  • jb

    Yeah, Apple’s great for disappointing in relation to unrealistic expectations it had no part in setting — be it analysts’ earnings projections or product announcement rumors. Furthermore, the financial press still glosses over the fact that iPhone (and AppleTV) earnings are spread out over two years.
    And people wonder why the company gives extraordinarily conservative guidance!
    Google has had the same problem in recent years. They don’t give guidance, but they’ll increase earnings by 33%, but “disappoint” Wall Street analysts who thought they would increase earnings by 50%.
    If both companies continue to disappoint this way, I’ll be one happy investor!