Not surprising as as iPhone4S supply/sales are shinking due to the impending roll out of the iPhone5:
16:36 AAPL Apple misses by $1.06, misses on revs; guides Q4 EPS, revs below consensus; initiates $2.65 quarterly dividend (600.92 -2.91) Reports Q3 (Jun) earnings of $9.32 per share, $1.06 worse than the Capital IQ Consensus Estimate of $10.38; revenues rose 22.6% year/year to $35.02 bln vs the $37.35 bln consensus. Co issues downside guidance for Q4, sees EPS of ~$7.65 vs. $10.23 Capital IQ Consensus Estimate; sees Q4 revs of ~$34 bln vs. $37.94 bln Capital IQ Consensus Estimate. Co typically guides conservatively but this looks particularly low. Co reports 26 mln iPhones sold in Q3 vs Street est of ~29 mln; 17 mln iPads sold in Q3 vs Street est of ~16 mln; 4.0 mln Macs sold in Q3 vs Street est of ~4.5 mln. Gross margin was 42.8% vs Street est of 43.8% and 41.5% guidance, compared to 41.7 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter's revenue. "We've also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we've got in the pipeline." Apple's Board of Directors has declared a cash dividend of $2.65 per share of the Company's common stock. The dividend is payable on August 16, 2012, to stockholders of record as of the close of business on August 13, 2012.
I have a large Can of Dry Powder and every time I am feeling sweaty and wanting to buy something I can't afford I take the dry powder and rub it under my big fat belly and on my Shweety Balls. It helps me relax and right more posts on this message board.