Archive for January, 2013

Apple of the investors’ eyes… NOT!

January 25, 2013

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Apple released its Q1’13 earnings¬†yesterday with record quarterly revenue and profits of $54.5B and¬†$13.1B respectively. The results are driven by record breaking sales of iPhones and iPads. Apple’s cash balance is now $137B. Of course, the creative folks are busy putting this cash balance in perspective.

However, all is not well for Cupertino powerhouse. The stock is down 10% in after-hours trading. The general layman consensus is that the wall street is greedy and the short-term negative outlook is pushing the stock down. Even well reputed reporters have publicly expressed their anguish towards the institutional investors. Read it here and here. (more…)

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