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Shares of America’s biggest company, Apple (AAPL - Analyst Report), have been under pressure as of late, pushing expectations for this earnings report to a high level, even for the Cupertino-based giant. The stock has fallen by about 17% in the past quarter leaving the firm teetering around the $500/share level at the time of the report, so a solid release was definitely being counted on by the bulls to propel the stock out of its current malaise.

Unfortunately, it looks as if investors will have to wait until March for a more bullish report as this latest release wasn’t good news according to most.

Some of the key stats include:

  • Earnings: $13.81/share actual vs. $13.44/share expected
  • Revenue: $54.5 billion actual vs. $54.8 billion expected
  • Forecast Revenues for Q2: $41 billion- $43 billion
  • iPhone Sales: 47.8 million actual  vs. 50 million expected
  • iPad Sales: 22.9 million actual vs. 23 million expected
  • Operating Margin: 31.6% vs. 37.4% (year ago)
  • Cash/Securities:  $137 billion  

Immediately following the report, shares of AAPL were down about 4.7%, or roughly $24/share.

What do you think of this release? Does it confirm to you that Apple’s glory days are over or are expectations just too high for this money making machine?

Let us know what you think in the comments below!

Zacks Releases Their 7 Best Stocks for September, 2014

These 7 were hand-picked from the list of 220 Zacks Rank #1 Strong Buys with earnings estimate revisions that are sweeping upward. Their stock prices are expected to rise sooner than the others.

Today, this Special Report is available to new Zacks.com visitors free of charge.

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