Apple wasn’t alone in reporting an unexpected and unanticipated 3Q earnings miss. It seems to indicate a major financial trend affecting technology companies that have been riding the crest of the wave. However, some companies are looking at weaker earnings than they would like. Google is the latest and probably the one most worth watching.
The 2012 holiday season represents a real chance for many them to restore their fortunes especially if they find a hit or two in their inventory flying off retail shelves or into the carts of online shoppers.
By this time next year we expect that the actual effects of todays rapidly changing and evolving tech and mobility markets to settle down some and reveal the macro and micro trends that will surely drive markets for the next few decades.
Expect a shakeout! Shedding the weaker companies offering inferior products and services.