Apple's earnings grew 116% in Q1. So why is the Street is looking for 44% in Q2?
Click to enlarge. Source: Asymco.com
After Apple (AAPL) blew past everybody's expectations on Tuesday, reporting sales up more than 73% and earnings up nearly 116%, analysts up and down Wall Street rushed to revise their spreadsheets and issue new notes...
Nothing but praise -- after the ship had sailed -- from folks who totally missed the boat
Chart: MacRumors.com
A sampling of what Wall Street had to say overnight about Apple's (AAPL) first fiscal quarter earnings report:
Barclay's Ben Reitzes: No "Law of Large Numbers" Here. The upside Apple posted for the December quarter was beyond all of our most...
Humiliated by a bunch of bloggers, amateur analysts and assorted day traders
Click to enlarge.
With revenues that grew 73% and earnings that more than doubled, Apple (AAPL) proved Tuesday that the fourth quarter results that so disappointed Wall Street last fall were a fluke. The company that Steve Jobs built is still that rare beast in...
Shares jump nearly 9% in after-hours trading on record sales of $46.33 billion, record profit of $13 billion, record 37 million iPhones, 15.4 million iPads, 5.2 million Macs
Everybody was counting on Apple (AAPL) to report record earnings, but nobody -- not even the most bullish independent analysts -- predicted anything like the blowout the company...
What to make of those pesky forward-looking statements in today's earnings report
Source: Piper Jaffray, Company reports
It used to be that traders rewarded or punished Apple's (AAPL) shares right after its earnings releases based not on the sales it reported for the past quarter, but on what the company said about the quarter to come. Apple...
Averaging the Q1 2012 estimates of the six analysts with the best track records
Whisper numbers, according to Wikipedia, emerge from widening cracks in the spreadsheets maintained by Wall Street analysts. Quoting an article by Daniel Svensson, the entry explains:
"When the estimate is first calculated by sell-side analysts, the number is submitted to companies such as...
The 18% gap between the Street's estimates and the independents' suggests that it can
Click to enlarge. Data: Company reports, Apple 2.0
Last fall, a Wall Street analyst who shall remain nameless suggested in a note to clients that the days of the big Apple (AAPL) earnings surprises may be over.
He was referring to the string of...
The consensus among 44 Wall Street and independent analysts is just under 14 million
Q1 2012 data points are estimates. iPod touch ests. from Piper Jaffray
If you ignore the fact that iPhones -- and for that matter, iPads -- are a kind of iPod, then sales of what was once Apple's (AAPL) biggest moneymaker have been...
33 of 46 analysts expect Apple to meet or beat that mark in its quarterly report next week
Click to enlarge.
One of the big computer news stories last quarter was the continued strength of Apple's (AAPL) Mac sales even as the rest of the PC industry was shrinking. (See Mac sales zigged as Windows PC sales sagged...
Apple's U.S. MacBook sales came in softer than expected in December, according to NPD
MacBook Air. Photo: Apple Inc.
In a note to clients issued Tuesday, Piper Jaffray's Gene Munster offered his analysis of the NPD Group's final PC retail sales data for 2011.
The news, as he sees is, is good and bad.
Domestic Mac unit sales were...
With Q1 earnings due next week, the Street and the bloggers are now $4.5 billion apart
Click to enlarge. Data: Company reports, Apple 2.0. Chart style: Adam Bushman
Perhaps professional analysts are just more comfortable underestimating Apple (AAPL). Perhaps they're still smarting from last quarter, when their numbers (for once) came in too high. Perhaps they're suspicious of...
Facebook iPhone App Update Brings Push Notifications, Contact Sync posted on January 6, 2010 Code of Ethics posted on July 23, 2009 seriously sites posted on January 27, 2010 Peek-a-Boo: There’s Plenty of Racy iPhone Apps on iTunes posted on July 11, 2009 wire service posted on July 11, 2009 SutiExpense app comes to the iPhone posted on July 16, 2009 Don’t defrag your hard drive with Drive Genius while running Snow Leopard posted on August 28, 2009 About posted on July 7, 2009 What iPad Apps Will You Be Installing First? posted on April 2, 2010 Publishers Opt In or Out posted on July 25, 2009 