Tough Crowd: Apple Posts $8.8 Billion Profit, Falls Short of Analysts' Expectations

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Jerjef

Apple's revenues falling short? Maybe they should sue even more companies and put the court winnings towards it. Or maybe it should be they should stop wasting so much on legal fees for trying to sue the competition and put it towards R & D. You know what, Apple just sucks.

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DeltaFIVEengineer

While it is obviously ridiculous that Wall Street has come to expect miracles from Apple, they are above and beyond one of the most profitable companies on Earth. However, this may be a sign of what a post-Steve Jobs Apple will be. They're already expanding their product base and stretching themselves out less than a year since he died.

What will be Apple's downfall is the inability of Tim Cook to manage expectations. That's where having a "Type A" personality at the helm of a company can do wonders to keep the investors happy. Tim Cook is laying everything out on the table for the whole world to see while Steve Jobs only allowed passing glimpses of what was behind the curtain to fuel the rumor mill.

With growing information comes growing expectations and when those expectations aren't met in the future, the bottom may well fall out of Apple's stock price as a result.

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tekknyne

I'm not sure if it's so much a Steve Jobs thing as much as it was only a matter of time until Apple was exposed as a marketing firm. Their business model of pwning hipsters can only last for so long. I know those guys wear stocking hats in July, but they're not totally brain dead.

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Jerjef

Do you really think the majority of people who buy Apple products are going to be that subjective? The whole reason they're so popular is because of ease of use and they're appeal to the average user. These people don't read rumour mills and get all hyped up, they buy the newest Apple product based on brand name when it comes out. Nothing more.

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acidic

they make all that money yet still whine and cry like the little bitches they are

http://in.reuters.com/article/2012/07/24/us-apple-samsung-damages-idINBRE86N0WE20120724

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Wonko33

This is the problem with our economic system,

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szore

And what would that be? Free Enterprise and profits? Jobs and paychecks? If only we could all be on welfare digging ditches for the government, the world would be a paradise...

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LatiosXT

How quaint. Like company, like investor.

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Engelsstaub

I would be content and feel successful if I could account for an eight HUNDRED dollar profit in a quarter.

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praetor_alpha

They should be thrilled that there is a company doing that well in these times. Hell, Apple is even giving dividends!

What a bunch of douches!

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tekknyne

Thrilled? Doing well? At the expense of what? Their business model relies entirely on exploiting third world countries labor forces and then turning that around and exploiting Amuurrca's consumerist ignorant-'elite'. If China wasn't broke as f**k and Amuurrca wasn't ripe for the picking, they would have nothing.

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sundropdrinker3

If China is so broke, then how come they have bought up most of our debt over the last several years?

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szore

mmm And they use NON UNION UPS to deliver. Do as I say, not as I do... Big Socialist until its THEIR money...

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tekknyne

I cant really respond to this one as there's no real coherent point, sans some misguided conservative ideology.

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pepper_roni

Lots of todays hardware is put together by foxconn, including apple, all the major consoles, many OEM PC's. Its this way because its cheap and people would bitch about prices if they had to pay a guy 20 bucks an hour to put there shit together.

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tekknyne

Its this way so that companies like Apple can have 8 billion dollar profits and you can barely afford to pay for college. You think consolidating all that wealth is a good thing!? *Shrug*, alright man.

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Engelsstaub

I'm not certain China qualifies as third-world and I'm VERY sure that everyone is using Chinese labor and manufacturing.

Even Germany is outsourcing to China.

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tekknyne

You're right, many countries are exploiting the Chinese labor-force. To me it sounds like you don't want a job and you just want Chinese slaves. Are you supporting slavery and indentured servitude? Because that's what it sounds like.

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Engelsstaub

I'm betting the computer you're pecking away on (or all of the parts thereof) was made in China. Maybe your mobo is from Taiwan.

You're reaching a bit too far here in assuming what I want and generalizing about China's workforce and manufacturing practices.

Honestly, I would go out of my way to find products that were made/assembled in countries other than just China. That stuff is few and far between today.

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