Apple's fourth-quarter results were somewhat disappointing, analysts suggest. Sterne Agee's Shaw Wu labels the quarter a "miss" not because the company didn't do well as a whole, but rather because most analysts were expecting higher iPhone shipments. Wu notes that he was anticipating about 18.5 million units, while Wall Street consensus was 20 million, and some analysts were calling for as much as 23 million. In reality Apple shipped approximately 17.07 million phones.