nanarchy on 27 July 2016
| binary solo said: Only Apple can be significantly down YoY have numbers in line with fairly low expectations yet get a bounce in share price. I guess being slightly above expectations is better than being slightly below. But did people forget that the expectations were low to start with, so beating them isn't exactly amazing. They are still making more money and more profit than pretty much anyone else, so there is that. |
Shares were already priced with the expectation of being massively down YoY and are priced according to investor expectations, they got a bounce as the results were bad but investors were expecting awful. Same thing happens to any company that exceed expectations so not really anything unusual. Still very profitable making a ton of money, they just have a very uncertain future around growth and even holding onto their market.
