If you’re thinking from a pure investor standpoint, that’s probably a fair assessment. Apple clearly slipped up from a supply standpoint and, as a result, it partially screwed up their earnings. But Apple has a history of shipping products when they’re ready not when Wall Street would like them. I think to do the latter would be a huge mistake, obviously.
There’s no question that Apple screwed up here, but they perhaps should have pushed the iMac slightly to meet consumer demand, not Wall Street.