Grimes on 25 January 2010
| 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. |
Unless I'm misunderstanding, they did report more and beat Wall Street estimates handily.
Apple reported a quarterly profit of $3.38 billion, or $3.67 a share, up from $2.26 billion, or $2.50 a share, a year earlier. Revenue increased to $15.68 billion from $11.88 billion.
Anyone can guess. It takes no effort to throw out lots of predictions and have some of them be correct. You are not and wiser or better for having your guesses be right. Even a blind man can hit the bullseye.
