With Q4 earnings due next week, the pros and the bloggers are $3.9 billion apart
It has become, for the Street, an embarrassing quarterly tradition.
The Apple (AAPL) independent analysts -- a growing community of bloggers, private investors and assorted amateurs -- file estimates that look, by Wall Street's standards, outrageously optimistic.
But as the day of reckoning approaches -- in this case, Tuesday Oct. 18, when Apple is scheduled to announce its MOREPhilip Elmer-DeWitt - Oct 11, 2011 2:13 PM ET
Disappointed there was no iPhone 5, but wowed by Siri and the speed of the rollout
Below: A roundup of what the sell-side analysts told their clients after Apple's (AAPL) iPhone 4S announcement Tuesday. The tone of their notes was generally positive, which may help explain why the stock, which had fallen more than $20 during the course of the event, managed to close at $372.50, down only $2.10 (0.56%) for MOREPhilip Elmer-DeWitt - Oct 5, 2011 6:49 AM ET
The $76 billion Apple reported last quarter could grow to $136 billion by the end of 2012
Apple's (AAPL) fourth fiscal quarter doesn't end until next week, but Morgan Stanley Katy Huberty already has her eye on the company's massive holdings in cash and marketable securities -- $76 billion at the end of Q3, which she estimates will swell to $94 billion by December and $136 billion by the end of MOREPhilip Elmer-DeWitt - Sep 13, 2011 12:12 PM ET
The search giant's $12.5 billion acquisition bid is a bold move that could reshape the mobile business. It's also fraught with potential pitfalls.
By Alex Konrad, contributor
FORTUNE -- Sometimes, plan B is pretty good. When Google missed out on buying Nortel Networks' patent hoard earlier this summer, few could have predicted it would make a stunning $12.5 billion cash bid for Motorola Mobility.
The move is sure to change Google's (GOOG) business, MOREAug 18, 2011 10:33 AM ET
For the second quarter in a row, reimbursements for his corporate jet were $0.00
We've been keeping an eye on Steve Jobs' private jet expenses ever since Morgan Stanley's Katy Huberty recommended that her clients buy Apple (AAPL) based on how much time he was spending in the air.
The argument she made in Feb. 2008, after Jobs was reimbursed a record $550,000 for jet fuel and other expenses, was that he MOREPhilip Elmer-DeWitt - Jul 21, 2011 7:30 AM ET
A sampling of reactions to Apple's (AAPL) profits growing 125% year over year
IDC's Al Hilwa: "Apple's growth in the third quarter was simply jaw-dropping. In 20 years of following tech I have seen very few companies in the $90 to $100 billion run-rate and none that have produced 80% organic quarterly growth. The success of the iPad truly crystallizes the point that we are living in an era of rapid MOREPhilip Elmer-DeWitt - Jul 20, 2011 5:46 AM 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
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
Mean analyst estimate: 7.9 million. The amateurs, as usual, are more bullish than the pros
Apple (AAPL) is scheduled to report its fiscal third quarter earnings on July 19, a week from today, and in preparation for our quarterly earnings smackdown we've been gathering estimates from the small army of analysts -- profession and amateur -- who follow the company.
The biggest mystery this quarter -- and the biggest discrepancy in unit MOREPhilip Elmer-DeWitt - Jul 12, 2011 6:15 AM ET
An analyst expects Apple to launch both an iPhone 5 and a mid-range iPhone 4S
For much of the spring, the reporters who cover Apple (AAPL) have been arguing among themselves about what to call the new iPhone they expect the company to introduce in September.
Some call it the iPhone 5, to match the iOS 5 operating system Apple unveiled to developers three weeks ago.
Some, anticipating that the new device will MOREPhilip Elmer-DeWitt - Jun 27, 2011 7:15 AM ET
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