Quote Originally Posted by Patler View Post

Estimates for AAPL were $7.296 quarterly earnings per share, and they reported $7.05 today after the close. Their first "miss" in about 5 years.

They key factor now is if this causes FY2012 revisions downward; or if the delay in releasing the new iphone is simply pushing sales back.
So far, analysts seem to be perceiving the miss as the result of sales movement, not lost sales, as customers postponed iPhone purchases to wait for the new model. Their projections for 2012 are up about 4% from previous projections.

AAPL shares down about 5%.