Apple's fourth quarter disappointed Wall Street, but J.P. Morgan analyst Mark Moskowitz believes iPhone sales were hurt simply by customers waiting to pick up the newest version.
For the quarter, Apple took home sales of $28.27 billion and earnings of $6.62 billion , or $7.02 per share. Those figures were up from sales of $20.34 billion and earnings per share of $4.64 a year ago. But the earnings came in 27 cents lower than the average estimate by analysts surveyed by Thompson Financial.
