Apple is going to report near-record earnings this quarter

“Consensus estimates for Apple Inc.’s (AAPL) upcoming quarter are a tepid $10.34, all the more surprising coming after last quarter’s blow-out $12.30,” Stephen Rosenman writes for Seeking Alpha.

“Analyst forecasts represent a sharp departure from the historical norm: Apple’s third-quarter profits have been greater than the preceding second-quarter earnings nine years in a row,” Rosenman writes. “udging by their predictions, analysts are expecting a miserable earnings report — a clear belief that Apple’s juggernaut growth is faltering.”

Rosenman writes, “The analysts are way off-base: Apple is going to report near-record earnings and sales in the upcoming quarter. Once again, Apple will print a blow-out quarter, clobbering analyst forecasts.”

Read more in the full article here.

6 Comments

  1. Great, maybe Apple will use some of that profit to secure the app store from hackers. After all the hype from Apple touting how secure Apple products are a one-man criminal enterprise has bypassed Apple’s security and likely compromised thousands of user accounts.

  2. You never really secure anything from hackers that want in badly enough.

    OS X and iOS and their app stores are more secure than their most popular competitors. This can be measured by the number of successful attacks. If your house doesn’t get robbed, it’s more secure than that house that does. Every other metric is pure bullshit.

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