“No analyst we know of correctly predicted Apple’s (AAPL) second fiscal quarter results for 2009, in which the company proved that computer makers don’t have to slash prices or build ‘junky’ $400 netbooks to weather an economic storm. But some analysts did better than others,” Philip Elmer-DeWitt reports for Fortune.
Elmer-DeWitt reports, “The professionals and the bloggers scored roughly the same — which in itself tells you something. As usual, the bloggers were more bullish than the pros, but this quarter Apple’s actual results in most categories blew past even the most optimistic of the bulls.”
Elmer-DeWitt reports, “Among very worst predictions for the quarter were those offered by Apple COO Peter Oppenheimer, whose guidance numbers missed actual revenue by $360 million and EPS by $0.33 to $0.43 a share. Talk about conservative guidance!”
Full article here.
MacDailyNews Take: Elmer-DeWitt should be careful about awarding “winners and losers” titles as, for example, coming closest to predicting total Mac unit sales without even offering an iPod unit estimate should have a different, lesser weight than coming within a penny of the actual EPS. Thankfully, the excellent chart lets you ignore Elmer-DeWitt’s flawed conclusions and draw your own.
[Thanks to MacDailyNews Reader “Jersey_Trader” for the heads up.]