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These financials are considered a bit of a disappointment. The main problem seems to be that Apple is refreshing an unprecedented number of products in the past couple of months.

 

iPad Mini New product
iPad Refreshed
iPod Touch Redesigned
iPod Nano Redesigned
iPhone Redesigned
iMac Redesigned
Mac Mini Refreshed
13" MacBook Pro Redesigned

 

That is an awful lot of assembly lines to stop, retool, and ramp up in just a couple months. Probably represents around 75% of Apple's revenues. The iPhone in particular is having a hard time getting up to speed.

But once all these new products are shipping on schedule... the holiday quarter is gonna be nuts.

Edit: And interesting fact that came up on the earning call: Apple sold 5 million Apple TVs over the past year. That's a $500 million hobby.

 



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