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CNET News - Apple earnings strong, but disappoint Wall Street

2013-01-23
I'm Paul Sloane with cnet news we're here to talk about apple with josh lowensohn apple today reported its latest quarterly earnings not good tell us what happened so they actually had a really phenomenal core they posted more than 50 billion dollars worth of revenue the wall stree was expecting more especially in terms of profit so they came up short there so what were the highlights what were the what were the disappointments highlights are really iphone sales they sold more iphones that they never sold many quarter same thing with ipads where they really fell short worth max and there was also a decline in ipods but the big story is really about their future revenue they predicted the next quarter they're really going to come in below what Wall Street was expecting and so what was Tim Cook like on the call with analysts it was kind of interesting usually they kind of opened and they read off a script and this time he was really almost apologetic and and very trying to trying to validate the results he said what makes us important is how customers react with our products not just the numbers and that is really kind of pointing to some of these numbers that fell a little softer so did he give us any specifics I mean while she wants to know what's coming right so of course you know people try to ask him about a TV which he said you know I can't talk about that we keep poll which he has said for a long time exactly you know the same thing what was interesting is that he said someone asked him about maps a product that they really got railed on and he said that yeah hey we have made improvements in maps we're making some more you might have already seen them we're going to put some more stuff out this year and look forward to that so you know kind of like a little highlight right but it's apple on the defensive now exactly okay thanks so much sure first seen it on Paul slow and talking with Josh Lowensohn about Apple
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