Re: Iphone??? should i get it?
thestreet.com is one of the top financial websites:
http://www.macnn.com/articles/07/07/05/sold.between.200.700k/
They were expecting to sell out of the first lot, they did not. The financial markets are driven by performance to expectations. The stock price typically runs based on performance 6 months out and iphone mania was priced in last winter. If your earnings are up 10% but the expectaitonwas 11% your stock gets hit. What surprises me is that Apple went up when performing below expectations.
Hmm... last I checked sales exceeded expectations, and I never read anything stating Apple expected 1M sold in a week. Still, 700K is really shabby.
One of many sources
thestreet.com is one of the top financial websites:
http://www.macnn.com/articles/07/07/05/sold.between.200.700k/
They were expecting to sell out of the first lot, they did not. The financial markets are driven by performance to expectations. The stock price typically runs based on performance 6 months out and iphone mania was priced in last winter. If your earnings are up 10% but the expectaitonwas 11% your stock gets hit. What surprises me is that Apple went up when performing below expectations.
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