“Wall Street is eagerly anticipating earnings results from Apple, which is scheduled to report after Tuesday’s closing bell,” Drew Sandholm reports for CNBC.
“If you ask Jim Cramer, Apple will likely report strong demand for its iPad and iPhone devices,” Sandholm reports. “Given the considerable hype surrounding the company, though, he thinks its results will really need to make a bang.”
Sandholm reports, “The “Mad Money” host said Apple needs to beat not just the consensus estimates, but the highest estimates on Wall Street, which call for $11.80 of earnings per share and roughly $41 billion in revenues.”
Read more in the full article here.
MacDailyNews Take: On January 24, 2012, Apple CFO Peter Oppenheimer gave Q212 guidance of “revenue of about $32.5 billion” and “diluted earnings per share of about $8.50.” Now Cramer wants them to beat $41 billion and $11.80?
The only way they can get Apple to “fail” is by setting batshit insane expectations.
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