AAPL: Where Is The Upside In Apple?

Where Is The Upside In Apple?
by Adam Levine-Weinberg

Shares of Apple (AAPL) fell modestly on Friday, the first day after the company's Q4FY12 earnings report. The company reported EPS of $8.67 on revenue of $36 billion, beating analyst estimates for revenue but falling slightly short on earnings. As Apple used to be consistent in blowing away the market's earnings expectations, this could be viewed as a slight negative for the stock. Apple's EPS guidance for the upcoming quarter (Q1FY13) was also restrained, at $11.75 (down roughly 15% year-over-year), though the revenue outlook was fairly strong at $52 billion. read more »

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