Apple touts earnings, but investors don't care

The market had a muted reaction to the latest numbers from the company.

By Motley Fool Investor Beat Oct 29, 2013 12:16PM
Consumer tech giant Apple (AAPL) reported fiscal fourth-quarter earnings Monday after the bell. Shares traded down slightly after hours, and were down about 1% Tuesday.

The headline numbers were solid overall. Apple reported $37.5 billion in revenue, with a profit of $8.26 per share. Both numbers beat analysts' estimates. Apple's iPhone sales jumped 24% over the year-ago quarter, coming in at 33.8 million, a new record for the September quarter. Given that the new iPhone 5s and 5c were only available for nine days of the quarter, and that the 5s was in limited supply, that 24% jump is especially impressive. However, iPad sales were nearly flat compared to last year.
Motley Fool analyst David Hanson explains the quarter for investors, and notes iPads didn't post much growth likely because consumers largely anticipated the new models announced Oct. 22: the iPad Air and the iPad Mini with Retina display. Those are expected to give a significant boost to iPad sales for Apple's holiday quarter.The recently announced iPad Air and upgraded iPad Mini from Apple. © Courtesy of Apple

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Tags: AAPL
2Comments
Oct 29, 2013 6:31PM
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Writer failed to mention that Mac sales were down as compared to the year-ago quarter.
That makes three consecutive quarters in which Mac sales have declined.

Oct 29, 2013 1:01PM
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Investors are idiots. Want proof, look at Amazon.
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