Apple’s Q4 earnings fall short of expectations

Apple’s iPad 2 has to be one of the more popular tablets around, if not the most popular. Then there’s also Apple’s recently released iPhone 4S which saw a record breaking 1 million pre-orders on the first day, and 4 million units sold during its first weekend, both of which shattered their previous record that was held by the iPhone 4. With that many units sold, you would think that Apple could be considered as having achieved great success, right? Unfortunately those sentiments were not shared by financial analysts.

According to Piper Jaffray analyst, Gene Munster, despite selling 17.07 million iPhones and 11.12 million iPads in Q4, Apple’s performance was still considered to have fallen short of expectations. Other analysts have also considered Apple to have missed the mark, which was set at 22 million iPhones sold for Q4. Some are also attributing that the failure to launch an iPhone in the middle of the year, which is usually when Apple reveals their next-generation iPhone.

However it is not all doom and gloom as the analysts have also predicted that thanks to the success of the iPhone 4S, Apple is set to make a strong comeback in their earnings for Q1 of 2012.

Tyler Lee
Categories: Apple, Cellphones, Computers, Tablets
Tags: Apple Inc, finance