Asymco's Horace Dediu has mastered the art of the eye-opening AAPL graphic
Among the rarefied group of amateur analysts who follow Apple's (AAPL) financial movements like a obsessed fan tracking a favorite band, Horace Dediu is a rock star. In the six months since he has been posting his thoughts and analysis on asymco.com, he's attracted a small but influential following, including many past winners of our quarterly Analysts Smackdowns. In his debut effort -- our Q3 2010 contest -- he finished first. See here.
An app developer and former market analyst for Nokia (NOK), Dediu writes dispatches that are terse and ironic, sometimes at the expense of clarity. His Aug. 1 entry begins: "As despondency over Apple's 75% earnings growth rate continues, it's time to revisit the historic P/E in contrast to growth for the company's earnings."
His graphics, however, are a revelation, each highlighting some vital but largely overlooked aspect of Apple business. We've picked five of our favorites, starting with the "Sales by Product" graph above -- as pretty a picture as we've seen of Apple's explosive growth over the past five years. More below the fold.
The bloggers beat the pros once again this quarter, but not quite as handily as before
The professional analysts who track Apple (AAPL) for banks and brokerage houses may have been surprised by the $15.7 billion in revenue the company reported Tuesday -- an all-time record for Apple in what is traditionally one of its weakest quarters.
But the blogger-analysts we polled in advance of the earnings report were not. In fact, MORE
Philip Elmer-DeWitt - Jul 21, 2010 5:53 AM ET
Analysts issue a flurry of last-minute adjustments in advance of Tuesday's quarterly report
Apple's (AAPL) one-two punch -- Steve Jobs' "Antennagate" press conference Friday and the company's Q3 earnings report scheduled for Tuesday -- left analysts struggling to stay on top of two competing narratives.
On one hand they had the firestorm of negative press coverage that helped carve nearly $30 billion out of Apple's market cap over the past three weeks MORE
Philip Elmer-DeWitt - Jul 19, 2010 1:10 PM ET
Once again, the armchair analysts humiliate Wall Street's professionals
There's almost nothing good to say about the estimates published by professional analysts in advance of Apple's (AAPL) second quarter earnings. Not only did the pros badly underestimate almost every aspect of the company's business -- from revenue and earnings to unit sales -- but they were bested in every category by a rag-tag group of bloggers, day traders and armchair analysts.
The MORE
Philip Elmer-DeWitt - Apr 20, 2010 7:13 PM ET