“‘Well, that was quite embarrassing!’ writes ‘deagol,’ a widely read amateur analyst whose estimate of Apple’s (AAPL) fourth quarter earnings fell 16% short of the record profits the company reported Monday,” Philip Elmer-DeWitt reports for Fortune
“The irony is that deagol, who filed a long post-mortem mea culpa on his website Monday night, had less to be embarrassed about than 18 of the 19 Wall Street analysts we polled in advance of Apple’s fiscal 2009 4Q earnings report,” Elmer-DeWitt reports.
Elmer-DeWitt continues, “Once again, the amateurs and independents out-performed the professionals in our quarterly Apple analyst bake-off.”
Full article, with the “Analyzing-the-Analysts” chart showing who’re the best and worst AAPL analysts, here.
MacDailyNews Take: Plumbers require more certification than Wall Street analysts, who, as far as we can tell, require none at all. No offense meant to plumbers; all possible offense meant to so-called “analysts,” many of whom we consider to be charlatans at best and market manipulating scam artists at worst.
[Thanks to MacDailyNews Reader “JES42” for the heads up.]
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Now if any of them had any self respect, they’d go hide in a hole is utter embarrassment and shame. But the arrogant idiots will continue to talk shit and their following sheep will continue to follow rather than use their brains.
The first 4 letters says it all, they are shit at predicting, sorry analyzing anything.
They all thought the latest Zune would take a bigger bite out of the iPod.
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“Once again, the amateurs and independents out-performed the professionals in our quarterly Apple analyst bake-off.”
That’s because professionals are paid. [Nudge. Nudge. Wink. Wink. Say no more.]
Been following Deagol and others at The Mac Observer’s “Apple Finance Board” forum for years. This is a serious financial discussion board about Apple that stays on topic and allows no childish crap. I have a 2660% return on Apple over the last 5 years. If you’ve been following Cramer, McCourt, and Huberty you have my condolences.
Well, I’m going on record downgrading Apple to $199.67 due the fact the demand in China is low. My supply chain checks found that no iPhones have been received and none have been sold. This shows that there is no demand for the iPhone in China.
I love these analyst score cards. Nowhere to hide baby. I wonder if the analysts ever look at these themselves? Or at least their firm’s mgt!
It is amazing what true nonbelievers can’t see or will not see when it is right in their faces.
This quarter it will be all about how Windows 7 is holding back the switchers!? Then the shock in 3 months and then the Mac tablet and maybe the real AppleTV/ DVR/app Gaming unit.
They are and always will be our village idiots on Wall Street with no sight to see Apple’s innovation or imagination. Time to guess again for next quarter boys and girls. Try walking the college campus and see what is graduating and working next year! Are they caring an Apple logo on those devices?
Did everyone hear the 39% and 40% growth in Spain, Germany, …
Once they go Mac they never go back!
It’s just seem impossible that Microsoft got this all wrong. Remember cartwheels man? He said the ads are kicking Apple buts, and Macs are losing sales day by day. Overlord Ballmer was telling the entire planet that the perceived gain from Apple was just a rounding error, an imaginary uptick. Whats going on Microsoft? I thought your I’M A POS ads were working. Your DUMBASS LAPTOP CLULESS HUNTERS were working. Your use of little children doing genius BS work on the POS was working…..
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@ Jubei,
I thought dancing in the end zone after a touchdown was outlawed in your country.
Well, I’m in probably in the only industry where a single human error can result in a multi-million dollar judgement against you.
Oh, and the loss of a human life, too. Forgot about that one.
We’re all human, and, unfortunately, so are doctors.