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April 23, 2008

Apple: Quick Take -- Weak Forecast

Not even Apple can deliver unalloyed good results these days. The company beat on revenues, and did well as on Mac units, as well as more or less matching on iPhone units, earnings are a little light, at least versus Apple's usual stomping of the Street. The preceding said, Apple is guiding toward softness in the June quarter. It is saying $1.00 in the quarter, versus a $1.10 consensus. Ouch.

Stock is currently off 3.8% afterhours, and I am hanging on conference call to see if Steve kicks any analyst ass. More later.

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