Apple's first quarter of negative income growth O_o

[MalicE]

FORTUNE -- The bad news is that every analyst we've surveyed -- even the most bullish -- believes that for the first time in a decade Apple (AAPL) will report that its income this quarter was lower than the same quarter the year before.

According to Thomson Financial, the consensus EPS for fiscal Q2 2013 on Friday was $10.18, down from $12.30 in Q2 2012. The analysts we've heard from so far are even more pessimistic. Their estimates range from a low of $9.23 to a high of $10.39 for a mean EPS of $9.85.

Full story HERE

Doesn't seem possible if you look at what you pay for an iPhail...

 

[Ike_009]

Say goodbye share price

 

[R4C3]

Well Android is really destroying them even after the lawsuits that they won. And the iPhone 5 is not really that good compared to the Nexus and the S3

 

[czc]

They have competition now.

 

[Neo]

I'm a die-hard iPhone supporter, but I have to agree that the iPhone 5 looks very sheepish compared to the recently launched Galaxy S4. In terms of features and price - Apple has let its customers down, and they've let themselves down in the process. Maybe, just maybe, this slump will make them realize that you have to start giving your customers what they want, not what you want them to have. Especially at the insane prices that Apple is demanding.

The iPhone 5 has nothing to offer current iPhone 4 owners, other than a slightly larger screen with an insane price-tag. THAT mentality is what possibly killed the Apple giant. If that's the case, then good riddance.