Apple posts first quarter 2008 results

Wall Street is basically irrational. Apple is a good solid company and in the longer view should have its share price come back. Apple cannot be expected to come out with a revolutionary product like the iPhone every year. I am not an Apple FanBoy though I own Apple stock. Matter of fact my main machine is a Windows box. Yet their product line is strong and innovative. I was in the Fifth Avenue Apple Store shortly after the announcement of 4Q earnings at about 5:10 PM ET. The store was crowded and the checkout line was long. People were buying computers, iPods and iPhones. The business is sound but is caught in the general January downturn in the market. Give it a few weeks. Maybe some good will come from Cupertino over this decline. The announcement of the MacBook Air was underwhelming. Yeah it is thin but I would probably want a smaller machine to easily put in my backpack which was lightweight. My feelings are shared by many I have heard on Mac oriented podcasts. Also the hard drive both the conventional drive and the solid state drive afford a level of storage well below contemporary standards. A number of other features are missing which the public has come to expect. The conventional drive only runs at 4400 rpm. The Time Capsule which is a combination of a hard drive and a Wi-Fi base station is interesting but what happens if either the base station fails or the hard drive fails. You are left with a partially working piece of equipment. I love innovation but practicality is a strong factor that also drives the marketplace. Maybe the practicality factor will be a larger thought in subsequent product introductions. Despite this I like Apple's future. Just hang in there stockholders.

Why doesn't Apple pull out of wallstreet NASDAQ-whatever and do it's own stock market.

I'm sick of it being pulled down by the market because of politics.

Might be the best quarter ever, but AAPL is tanking. Not an economist by a long shot, but -

Release of high-priced laptop in the face of a recession;
MP3 Player market hitting saturation point;
and a poor (for investors) Macworld

might all contribute to the (at the time of writing) 13% slip.

iPod sales levelling out. Market at that price range is saturated. Lower price models for comparative feature sets will start eating into market share.

Scott,
You may want to change your wording. When I saw "5% more iPods than last quarter," I thought to myself "wow, that's absolutely terrible for a holiday quarter."

The truth is, it's a 5% growth over the year-ago quarter, which is a good thing.
Thanks,
Jim

After hours trading...AAPL down some $22.
Was it simply the conservative forecast for the next quarter?

FREAKING WALL STREET! 139? wtf?

AAPL FtW!!!!!

it could have been the best quarter every, but the only problem is that wall st. didn't think the same