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Transcripts For KQED Nightly Business Report 20130124

Tom brian, before we talk about that forecast, what do you make of the fiscal first quarter. Some pretty big numbers reported. Some big numbers, but a little lighter than consensus, around 48 million iphone units, 22 million ipad units, a little less than consensus, and a little disappointing to investors, and certainly when you have the forecast that was light on top of it, it makes for a disappointing quarter. Tom i can already hear those apple shareholders saying financial expectations are just impossible for apple to exceed. Theyre so high. What do you say to them . Well, i think investors may have caught up to apples stunning growth, but perhaps the law of large numbers, i think growth is getting increasingly harder to achieve. I think the easy growth has already happened in the iphone in developed markets like the u. S. The next wave of growth will come from emerging markets, from china and lowerpriced phones. So apple may have a harder time getting that sort of growth. Tom i thi

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