Apple (NASDAQ: AAPL) shares fell more than 2% on Wednesday following the release of the company’s fourth-quarter earnings report on Tuesday. Revenue and earnings per share for Q4 both met expectations, so investors must be disappointed with the company’s guidance for the all-important holiday quarter.
In fact, Apple investors should be extremely pleased with the company’s guidance. The iPhone maker expects to return to revenue growth in Q1 after three quarters of decline — and its forecast could turn out to be quite conservative.