“Whether or not this drop is justified depends on who you ask,” Saintvilus writes. “However, it was remarkable (if not shameful) to have witnessed how quickly the entourages — excuse me, ‘analysts’ — disappeared off the bandwagon.”
Saintvilus writes, “Though it’s true Apple’s Q1 outlook was uninspiring, on the other hand, the company is known to under-promise and to over-deliver. The company’s projections of $11.75 per share on revenues of $52 billion now appear extremely conservative. With iPhones having regained its market lead in the U.S. and expected to represent well over 50% of Apple’s fiscal Q1 revenues, I can’t imagine a bigger ‘no-brainer’ on the market.”
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