Fujimura reports, “Apple itself fell 4.9 percent in German trading, adding to concern orders for components to make the iPhones and iPad tablet computers may slow. Apple missed analysts’ estimates as customers held off on iPhone purchases while waiting for a new model to be introduced later in the year… Among other suppliers, Seiko Epson Corp. (6724) declined 7.5 percent, Sony Corp. slumped 5.2 percent, LG Display Co. lost 4.8 percent and Sharp Corp. plunged 10 percent.”
“Apple’s net income climbed 21 percent to $8.82 billion, or $9.32 a share, in the period that ended June 30, the Cupertino, California-based company said yesterday in a statement,” Fujimura reports. “Sales rose 23 percent to $35 billion. “
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Apple’s earnings miss could take down the stock market – July 24, 2012
Apple misses estimates with $9.32 EPS on $35.0 billion revenue – July 24, 2012