Holiday sales forecasts don't look like a miss to me, more in line with expectations.
For the holiday shopping season, ending in December, Apple expects sales of $55 to $58 billion, and gross margin of 36.5 percent to 37.5 percent. Analysts were anticipating $55.7 billion in sales and gross margin of 37 to 38 percent. Just a little low on the low end, that's all. Apple always low-balls, in order to be able to raise later.
Yep, not a miss but a meet for holiday expectations. And earnings were inline with my thoughts. Good report and good job by Apple. The holiday iPads are going to be bigger than this expectation of forecast.