Boston, MA 01\/31\/2014 (wallstreetpr) –\u00a0Apple Inc. (NASDAQ:AAPL) has released its Q1 earnings a report that has not gone well with analysts, leading to its stock slumping by as much as 8% immediately after the release of the results. The results were quite disturbing taking into consideration what has come to be expected of one of the biggest company\u2019s In terms of technology development of smartphone and iPads. A deeper look at the company\u2019s results indicates that the company is still in line to be one of the most profitable ventures in the technology industry. Considering the previous quarters this was among the best if not the best quarters that the company has been able to post in the previous past.<\/p>\n
Apple (NASDAQ:AAPL)\u2019s revenue received a major boost rising by a high of 6% to stand at an all-time high of $57.6 billion comparing with results from the same quarter the last financial year. The total iPhones that were sold during the first quarter stood at 51 million while iPads sale stood at 26 million. The earnings per share during this quarter enjoyed a massive growth of 5% standing at $14.50 per share.<\/p>\n
This are fairly good results amidst the competition that Apple is facing from its fierce rivals such as Samsung and Sony Corporation (ADR) (NYSE:SNE). The iPhone sales increased considerably although they failed to meet analysts\u2019 expectations something that primarily led to the slump in share prices. Analysts had estimated iPhone sales of 55million while Apple reported 51 million.\u00a0 Another main cause of concern is the guidance that Apple gave, expecting to generate $43 billion in revenue while analysts were projecting revenues of $46 billion. This arises lots of concerns considering it will be a low when compared with the same quarter in the last financial year. The only downside lies on the sense that Apple failed to meet analyst\u2019s expectation something that should not be a worry for any want to be investors.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 01\/31\/2014 (wallstreetpr) –\u00a0Apple Inc. (NASDAQ:AAPL) has released its Q1 earnings a report that has not gone well with analysts, leading to its stock […]<\/p>\n","protected":false},"author":32,"featured_media":14119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[1612,1002,1634,1633],"stock_ticker":[],"class_list":["post-14118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apple-inc-nasdaqaapl","tag-nasdaqaapl","tag-nysesne","tag-sony-corporation-adr-nysesne","entry"],"acf":[],"yoast_head":"\n