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Et Tu, iPhone? Apple Earnings Miss

Posted
1/23/2013 5:12:00 PM
By: Wyatt Investment Research
Referenced Stocks:AAPL

Looks like Apple's ( AAPL ) downward spiral will continue.

The company's fiscal first-quarter earnings fell just short of Wall Street estimates thanks largely to slower-than-expected sales of the iPhone 5 it released in late September.

The disappointing news is driving Apple shares down 6.3% in after-hours trading.

Here are some of the relevant numbers from Apple's latest set of earnings:

At $481 a share (and falling), Apple has now fallen 315 since late September. This is the lowest the stock price has been since last February.