http://bgr.com/2012/10/25/apple-q4-2012-earnings/
BUSINESS October 25, 2012 at 4:32 PM by Zach Epstein
Apple (AAPL) has been getting clobbered on Wall Street lately. The stock hit a record high of $705.07 just after the iPhone 5 launched, but it has tumbled more than 13% since then and closed at $609.80 on Thursday. Apple is still far more profitable than any other consumer electronics company in the world, but Wall Street analysts’ sky high expectations have pummeled the company’s share price. For the September quarter, the Street expected Apple to earn $8.81 per share on revenue totaling $35.8 billion, much higher than Apple’s fiscal fourth-quarter EPS guidance of $7.65 and revenue guidance of $34 billion. The numbers are now in, and Apple missed expectations despite the record-setting iPhone 5 launch, reporting a profit of $8.67 per share on $36 billion in sales.
Apple posted a big miss in the fiscal fourth quarter last year, earning $7.05 per share while analysts were expecting $7.29.
Where device shipments are concerned, analysts’ Q4 2012 consensus had Apple moving 25.3 million iPhones, 15.3 million iPads, 5.5 million iPods and 5 million Mac computers. The company reported selling 26.9 million iPhones, topping estimates, but iPad sales totaling 14 million units missed big. Apple also said it sold 5.3 million iPods in the quarter, down 19% year-over-year, and 4.9 million Macs, up 1% over the same quarter in 2011.
For the December quarter, analysts were looking for sky-high earnings guidance of $15.45 per share on $54.9 billion in revenue. Apple expects revenue to total $52 billion during the holiday quarter, however, and EPS is expected to come in at $11.75.