Apple Miss On Wait for New Iphone: Pro

3:30 AM ET Wed, 25 July 2012

"I think you have to put these numbers into context and the fact is that Apple provide some guidance for the quarter and they actually succeeded those numbers quite handsomely, the fact is that Wall St analysts make their own forecasts and some of them got ahead of themselves," Jeremy Gleeson, fund manager at Axa Framlington, told CNBC.