“It’s pretty simple, analysts, particularly broker-based analysts have their collective heads stuck up their asses so far, they need Google Glass bellybuttons to see,” Ernie Varitimos writes for AppleInvestor.
“Apple reported earnings this afternoon and beat the street, particularly where it counted, and that’s the total number of iPhones sold, coming in at over 31 million when the consensus was just 28 million,” Varitimos writes. “How is it that all those analysts conducting comprehensive programs to count iPhone sales at the retail outlets, could have missed by over 10 percent?”
MacDailyNews Take: Because they’re sell-side bullshit artists whose sole function is to gin up “sentiment” and create action; in other words: generate trades (buy or sell, it doesn’t matter as long as the fee is paid) through their firm’s brokerage services?
“Apple had another record quarter in terms of revenue and the number of iPhones sold,” Varitimos writes. “So what should we expect tomorrow form analysts, who have egg all over their face? We should expect them to spin this earnings report every which way they can, and explain how they were right in their predictions all along, and that Apple is still faltering. Just you watch.”
Varitimos writes, “Tim Cook has been vindicated. Google reported poorly, Samsung also has reported they are hemorrhaging money. Only Apple has reported positive numbers and growing market share (62 percent in the US). Get it? Apple is the goto manufacturer in business and government.”
Read more in the full article here.
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