“A day before Apple (AAPL) is scheduled to report its 3rd quarter earnings, Robert Paul Leitao thinks he has put his finger on what’s wrong with the Street’s view of the company,” Philip Elmer-DeWitt reports for Fortune.
“Leitao, who rides herd over 30 amateur analysts at The Mac Observer’s Apple Finance Board, has been tracking the gap between Apple’s revenue and its earnings,” P.E.D. reports. “Both are growing like gangbusters, but earnings have been growing faster than revenue.”
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P.E.D. reports, “The key, according to Leitao, can be found in what the accountants call OpEx.”
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