... he lied to me. Although to be fair, it was more a lie of omission than a barefaced lie
Pardon me if this feels like ancient history. But this is a story I've never put into print (or pixels) before, and I figured if not now, when?
It was December 1982 and a crowd of journalists had gathered in a meeting room at The Pierre, a luxury hotel one block north of MOREPhilip Elmer-DeWitt - Aug 28, 2011 10:41 AM ET
A snapshot -- by revenue stream -- of an extraordinary quarter
Asymco's Horace Dediu is still trying to wrap his head around the earnings report that Apple (AAPL) issued Tuesday, in which the company announced that it had made more money in its June quarter than it did in December, even without a new iPhone.
But one thing, he says, is clear:
"One of the most common themes during the last year was MOREPhilip Elmer-DeWitt - Jul 20, 2011 1:07 PM ET
But an amateur -- a Romanian mathematician teaching in Paris -- nailed the numbers
This story never gets old.
An army of Wall Street analysts, backed by the computing power of some of the world's richest banks and brokerage houses, have once again been out-foxed and out-analyzed by rag-tag bunch of bloggers, amateurs and independent investors.
A glance at the chart at right, which lists the 48 analysts we polled in advance of MOREPhilip Elmer-DeWitt - Jul 20, 2011 4:19 AM ET
Estimates from 48 analysts forecast earnings growth between 50% and 107% year over year
This was a busy week for last-minute revisions from the Wall Street analysts that follow Apple (AAPL). The spreadsheet above shows the final estimates we've collected -- barring still more revisions -- from four dozen amateurs and professionals, along with each analyst's rank, where available, in our earnings smackdowns for Q1 and Q2.
An amateur, Traderhood's Nicolae Mihalache, MOREPhilip Elmer-DeWitt - Jul 15, 2011 12:22 PM ET
The analysts' estimates range from 15 million to 20.25 million. Average: 16.9 million.
No product contributes more to Apple's (AAPL) bottom line than the iPhone.
In the 2nd fiscal quarter that ended in March, when the company sold a record 18.65 million units, the iPhone and related products and services generated $12.3 billion in revenue, almost exactly 50% of Apple's total sales for the quarter -- more than the Mac, iPod and MOREPhilip Elmer-DeWitt - Jul 13, 2011 5:41 AM ET
When you look at the market caps of its competitors, the picture is pretty clear
UBS's Maynard Um posted two interesting charts in a note to clients Monday.
The first compares the growth in Apple's value since 2007 with its chief competitors in the PC and handset businesses.
Apple's (AAPL) market capitalization (calculated by multiplying its share price by the number of shares outstanding) now stands at $327 billion, making it the world's MOREPhilip Elmer-DeWitt - Jul 12, 2011 7:49 AM ET
In Japan, its profits grew 1,156% between 2005 and 2010. Europe's were up 1,518%
"Apple's international sales are simply on fire"
So wrote the Motley Fool's Erik Bleeker Monday in a piece assessing Apple's (AAPL) overseas demand.
It is, as he puts it, exploding.
This will come as no surprise to anyone who has been following COO Tim Cook's Q&As with analysts, where he's been highlighting Apple's growth in the Japanese and Asia Pacific MOREPhilip Elmer-DeWitt - Jun 28, 2011 7:38 AM ET
One day later, 501 reviews, 229 of them negative
"Since the early 2000s," according to its Wikipedia entry, "Final Cut Pro began to develop a large and expanding user base, mainly video hobbyists and independent filmmakers." By 2008, according to a survey published by the American Cinema Editors Guild, more than one in five members had abandoned Avid's (AVID) Media Composer and were doing their post-production work on Final Cut Pro.
Which MOREPhilip Elmer-DeWitt - Jun 22, 2011 6:34 PM ET
Instead, students this year get the usual 10% discount and a $100 software gift card
We always thought of the iPod touch that Apple (AAPL) offered students as part of the company's annual "Back to School" sale as the equivalent of a narcotics dealer's free sample: a gateway drug that left users craving for an iPhone.
To the dismay of much of the class of 2011, Apple has dropped the popular loss MOREPhilip Elmer-DeWitt - Jun 16, 2011 9:31 AM ET
Perhaps not surprisingly, because they were all at an Apple conference, 100% prefer iOS
Piper Jaffray's Gene Munster attended Apple's (AAPL) Worldwide Developers Conference last week and spent some time buttonholing attendees for a follow-up survey he was conducting.
He published the results Monday in a note to clients that compared the responses of the 45 developers he spoke to last week to 20 he surveyed at the same event three years MOREPhilip Elmer-DeWitt - Jun 13, 2011 7:07 AM ET
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