“Apple’s (AAPL) sweet earnings report left a bad taste in the mouths of some analysts and investors, sending the company’s shares lower on Thursday,” Troy Wolverton reports for TheStreet.com. “Apple’s shares were recently off $3.39, or 8.3%, to $37.65. On Wednesday afternoon, the computer and electronics maker topped Wall Street’s earnings estimates by 10 cents a share and offered better-than-expected guidance for its current quarter.”
“Despite the blowout numbers, some analysts still found room to quibble. On a conference call after the earnings release Wednesday, Apple CFO Peter Oppenheimer warned that the company’s revenue growth — which hit a 70% year-over-year rate in the quarter — will likely slow to closer to 15%,” Wolverton reports. “Oppenheimer didn’t predict how soon Apple’s revenue growth will reach that rate, but in a report issued Thursday, American Technology Research analyst Shaw Wu warns that the slowdown could happen as soon as the company’s next fiscal year. That possibility is in stark contrast with investors’ expectations, Wu says.”
Full article here.
MacDailyNews Take: So did analysts think Apple was going to post enormous revenue growth increases forever? And what company does? And do they really expect Apple to come out with an iPod-like phenomenon every year? It seems to us that many are missing the real stories here: Mac sales are on the increase and are growing much faster than the PC industry as a whole and debt-free Apple now has over $7 billion in the bank or almost 25% of the company’s current market value.
That said, we really, really, really wouldn’t mind seeing AAPL bottom out at around $35. 
now where is that wallstreet chimp?
Mac mini or PowerMac matters little for the next year or 2. Many who are buying Mac minis are first timers, who probably wouldnt have bought a Mac otherwise. There will be a nice upgrade cycle for many of these folks in a year or 2 to a more powerful Mac.
During the Conference Call I distinctly remember hearing that about 40% + of consumer Mac (eMAc/iMac/Mac mini/iBook) sales last quarter were to people who did not currently own an Apple Computer.
The next quarter will show the full effect of Best Buy and others selling Mac hardware, the software upgrade cycle from Tiger, the continued growth of iMac G5 and Mac mini sales, improved PowerMac sales after the next refresh, the continuing story of the iPod & iTunes, etc.
Before the kiddies go back to school this fall Apple will have sold over 1/2 BILLION songs on the iTMS. My only question for all of the nay-sayers, doubters and FUD spreaders is this:
How do you wish you crow served? Baked, Broiled, Grilled, Stewed or raw? The Dessert will be humble pie.