Here's what 11 Apple analysts are saying about the sales flop and the plunging stock

Apple reported a massive quarter with $49.6 billion in revenue and earnings of $10.7 billion of $1.85 per share. That earnings number beat analysts' expectations for $1.81 per share.

However, Apple shares are getting wallopped, plunging 6% after the results.

During the period, iPad sales fell 18% to 10.9 million units. But what really caught everyone's attention was the 47.5 million iPhones that were sold. While it was up 35%, it fell short of analysts' expectations for 48.8 million. There was even a "whisper" number out there suggesting that investors and traders were looking for 50 million iPhones sold.

Is the price move justified?

Wall Street analysts covering Apple are split. Of the 11 research notes read by Business Insider, 6 analysts maintained a "Buy" or "Outperform" type rating on the stock. The remaining 5 were neutral.

Here's some of what they had to say: