Monday, July 21, 2008

Here we go again: AAPL down 10% after hours

Apple posted its 2008 Q3 results today. Apple shipped just under 2.5 million Macs, just over 11 million iPods, and over 0.7 million iPhones, for the best June quarter in Apple's history.

Despite this, AAPL dropped 10% in after hours trading to $149.70. This was due to their very conservative estimates for the next quarter, well below analysts' expectations.

1 comment:

Kuwan said...

It seems it would be a good time to buy AAPL then.

This seems to happen every quarter: Apple does better than expected, gives the same conservative guidance they always give, APPL goes down.

These Wall Street people seem really smart.