Tuesday, July 24, 2012

Apple Inc.(NASDAQ:AAPL) Plunges 6% On Big Miss, Sold Only 26 mln iPhone

Shares of Apple Inc.(NASDAQ:AAPL) slumped over 6% in after hours as much awaited third quarter earnings are out and the company missed analysts estimates by wide margin in terms of EPS and revenue. 

Moreover iPhone sold 26 million, well below analysts’ estimates of 29 million.

Get Complete Earnings Report Here

The company earned $9.32 a share on revenue of $35 billion, missing analysts target of $10.38 a share on revenue of $37.35. However, the company topped its own guidance.

Following is the brief earnings card :-

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