“Apple sent shock waves through Silicon Valley when the company reported a rare miss after markets closed on Tuesday, falling short of the consensus profit view for just the third time since 2002,” James Rogers reports for TheStreet. “Investors were shaken by the fourth-quarter numbers, particularly the gadget maker’s weaker-than-anticipated iPhone sales, pushing Apple’s stock down almost 5% in early trading on Wednesday.”
MacDailyNews Take: It’s amazing these investors were smart enough to get into Apple in the first place. Don’t get us wrong, we love the knee-jerking fools with all our hearts. They’re extremely profitable.
Rogers reports, “The fourth-quarter results, however, should be little more than a bump in the road for Apple and its new CEO Tim Cook who stepped up to replace his iconic predecessor, Steve Jobs in August.”
Three reasons why Apple’s stock dip won’t last:
• Strong Outlook: Investors should focus their attention on the company’s better-than-usual first-quarter outlook.
• iPhone Rebound: Apple looks set to reap the benefits of consumers delaying their iPhone purchases ahead of the launch of the company’s latest phone. With demand for the new iPhone 4S already breaking records, the stage is set for some big first-quarter numbers.
• New Cash Strategy? Apple CEO Tim Cook could be open to revisiting the company’s cash strategy.
Read more in the full article here.