Despite record revenue, record profit, and record sales for iPhone and iPad, Apple’s stock is being hammered by disappointment. Again.
The company said on Wednesday it shipped 47.8 million iPhones, a quarterly record that nonetheless disappointed many analysts accustomed to years of outperformance from the device that helped revolutionize the smartphone industry. Wall Street was predicting roughly 50 million shipments, on average.
The most telling storyline is not Apple’s revenue, profits, and the number of iPhones and iPads sold. Mac sales dropped by over one million units from last year.
Clearly, the post-PC era has begun.