Captain Obvious knows that Wall Street investors and analysts are irrational. That’s because they are greedy, stupid or both. As a matter of fact, they are acting like white-collar criminals if they have not become ones already. Apple stock (AAPL) is sure taking the pummeling after Apple revealed its quarterly earning results.
From Apple PR:
The Company sold 4.1 million Macs, compared to 5.2 million in the year-ago quarter.
Mac sales are down year-over-year and it is attributed to the availability of new iMacs which did not become available until November 30, 2012. Apple announced new iMac lines during its October 23, 2012 special event. Between October 23 and November 30, 2012 iMac lines were unavailable on Apple’s own online store. This greatly reduced the number of iMac sold.
It doesn’t take a financial analyst or investor to figure this out.
Posted from Los Angeles, California, United States.