“This solid beat comes after some were beginning to grow worried over the firm and its impressive growth trajectory. Concerns were building over the recent price slump and anxiety over a possible decline in subsidies from telecom giants AT&T and Verizon for the iPhone,” Dutram reports. “However, these worries were easily dispelled after the company’s release as AAPL once again crushed lofty expectations for growth in many of its key products.”
MacDailyNews Take: Trumped up “worries” are easily dispelled.
Dutram reports, “While the huge beat may have come as a surprise to some, those who have been following the earnings estimate trend in AAPL probably aren’t too surprised as analysts have generally been quite bullish on the tech giant… The company has seen earnings estimates rise almost universally over the past month with seven analysts raising their estimates in the past seven days and 13 raising their estimates in the past 30 days. “
Read more in the full article here.
MacDailyNews presents live notes from Apple’s Q212 Conference Call – April 24, 2012
Apple bulldozes Street with blowout $39.2 billion revenue; shares rocket in after-hours trading – April 24, 2012