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Kasz216 said:
In October, Apple said it expected earnings of $1.70 to $1.78 on revenue of $11.3 billion to $11.6 billion. Wall Street's latest expectations were $2.08 and $12.08 billion, respectively.

I think is the "what recession" thing.

Wallstreet expected more.

Apple ALWAYS lowballs their expectations, just look at every quarterly statement.



Currently playing on PS3: God of War III

Currently playing on Xbox360: Final Fantasy XIII

Currently playing on NDS: Chrono Trigger