The short version:
Apple also provides guidance for its fiscal 2014 second quarter:
- Revenue between $42 billion and $44 billion
- Gross margin between 37 percent and 38 percent
- Operating expenses between $4.3 billion and $4.4 billion
- Other income/(expense) of $200 million
- Tax rate of 26.2 percent
Analysts are disappointed because Apple will never make gazillion-bajillion dollars in revenue.
Apple stock took a nose dive in after-hours trading.
To me, these financial analysts are White Collar Criminals who obviously looking to make quick bucks one someone else’s hard work.
