Shareholders have given the thumbs down to Apple’s news that it had a 36 per cent rise in profits. While many companies would be over the moon with such results, particularly in the current economic climate, Apple has not done as well as shareholders expected. True they could be happy that there had been strong sales of Macintosh computers and iPod players, but looking closely at the figures neither shareholders nor Wall Street were impressed.

While Apple was incredibly upbeat when it released its figures, Wall Street had predicted that Apple would do much better and investors were alarmed that it didn’t. Share prices dropped by 1% and some Wall Street analysts said that it will be impossible for Apple’s value to increase any more. Apple sold 2.29 million Macs in the quarter, which was better than expectations., However the main problems for Apple were that its own operating system, Leopard, did not do as well as many predicted and there was a price cut on low-end iPod shuffles.

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