Another record quarter for Apple and still the company “failed” to meet expectations, sending AAPL down in after hours trading by more than $7 a share. iPhone sales (+58 percent) came in above and iPad volume (+26 percent) below estimates, yielding a 24 percent rise in profit — still, somehow or another, Apple Q4 results disappointed.
Here are links to the cached stream and podcast version (m4a) of Q4 FY12 Apple Quarterly Earnings Call, as well as the Q4 ’12 results press release and data summary (pdf):
• Apple Q4 results call stream
• Apple Quarterly Earnings Call Podcast
• Apple Reports Fourth Quarter Results
Mac sales the last two quarters have been essentially flat, growing just 2 and 1 percent, respectively. With Apple’s best-selling Mac, the 13-inch MacBook Pro, receiving the Retina treatment, and the 2012 iMac, which is visually stunning, coming soon, the holiday quarter is going to be good — the limit on Mac unit volume will likely be Apple’s ability to make enough.
That said, and this is just my gut speaking, if the economy keeps limping along, it wouldn’t surprise me to see Mac unit volume to begin falling thereafter — PC sales have been in decline for some time already…
What’s your take?