Bad News: Apple Is the Most Profitable Company in History:
Exxon previously held the top three spots for annual profit. So, just to reiterate, Apple just reported the most profitable year of any company ever, the fourth-most profitable quarter of any company ever, and the stock tanked after hours.
[I don’t know what to make of the reporting. Anyone?]
Source: Daring Fireball
One thought on “Bad News: Apple Is the Most Profitable Company in History”
It’s about meeting expectations which they did not and guidance for the future which was not so good. In short, the stock was way over priced.