Humiliated by a bunch of bloggers, amateur analysts and assorted day traders
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 American business: A $400 billion giant that acts -- and grows -- like a start-up.
Tuesday's results also MOREPhilip Elmer-DeWitt - Jan 25, 2012 12:15 AM ET
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 First Call to be averaged with other analysts' estimates for the consensus earnings estimate. As MOREPhilip Elmer-DeWitt - Jan 23, 2012 6:19 AM ET
The 18% gap between the Street's estimates and the independents' suggests that it can
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 quarterly reports in which the company beat the Street's estimates by measures so wide they were (or should have been) an embarrassment MOREPhilip Elmer-DeWitt - Jan 22, 2012 2:38 PM ET
The consensus among 44 Wall Street and independent analysts is just under 14 million
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 drifting south since Christmas 2008, when they peaked at 22.7 million for the quarter (Apple's fiscal Q1 2009).
Among the 44 analysts we've heard from so far, the MOREPhilip Elmer-DeWitt - Jan 21, 2012 12:04 PM ET
33 of 46 analysts expect Apple to meet or beat that mark in its quarterly report next week
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 in Q4.)
How well did the Mac do? We put the question to our two groups of analysts MOREPhilip Elmer-DeWitt - Jan 18, 2012 2:28 PM ET
With Q1 earnings due next week, the Street and the bloggers are now $4.5 billion apart
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 reports that suggest that Mac and iPhone and iPad sales have never been so strong.
For whatever reason, Wall Street's estimates for what everybody seems to agree MOREPhilip Elmer-DeWitt - Jan 16, 2012 8:25 AM ET
The Street's consensus: 13.5 million. The indies are 10% more bullish
Everybody we've heard from expects Apple (AAPL) to report record iPad sales for the quarter that ended Dec. 31.
And why not? Tablets were a popular gift item this past holiday season. The iPad 2 didn't face much competition -- except perhaps from Amazon's (AMZN) Kindle Fire. And although there were rumors of an iPad 3 coming in March or April, MOREPhilip Elmer-DeWitt - Jan 14, 2012 2:57 PM ET
Pros and amateurs both expect a blow-out. They're just haggling over the percentage
The most important metric for Apple (AAPL) in the quarter that ended eight days ago -- likely to account for more than half of the company's revenue for fiscal Q1 2012 -- is the number of iPhones it sold from Sep. 25 to Dec. 31.
We've polled nearly 40 Apple analysts -- professionals and independents -- and for once they MOREPhilip Elmer-DeWitt - Jan 8, 2012 8:17 AM ET
Mark your calendars for what's expected to be a monster quarter
Apple (AAPL) investor relations has scheduled a conference call with analysts on Tuesday, Jan. 24 at 5 p.m. ET (2 p.m. PT) to discuss its first fiscal quarter results.
Given last summer's pent-up demand for the new iPhone that was finally released in October, this should be a big one.
The Street's consensus, as reported Tuesday by Thomson Reuters, is for earnings MOREPhilip Elmer-DeWitt - Jan 4, 2012 8:01 AM ET
If you ask about sales in the quarter that just ended, you get two very different answers
How did Apple (AAPL) do in the quarter that ended Saturday?
That depends whom you ask.
The consensus among nearly four dozen professional analysts, according to Thomson Reuters, is that Apple will report record earnings of $9.83 on record sales of $38.17 billion, up 52.8% and 42.7%, respectively, from the same quarter last year.
No way, say MOREPhilip Elmer-DeWitt - Jan 2, 2012 8:18 AM ET
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