“It’s easy make fun of Apple (AAPL) analysts — and fun, too — but in terms of their ability to accurately forecast the company’s quarterly results, they’ve come a long way,” Philip Elmer-DeWitt reports for Fortune.
“Two years ago, when Apple announced blow-out results that surprised nearly everybody, Wall Street’s analysts missed the company’s revenue and earnings by a combined average of 23%. The amateurs did somewhat better, missing by just under 12%,” P.E.D. reports. “This quarter, the amateurs missed by an average of 2.4% and the pros by only 1% — the best combined performance since we began this quarterly exercise nearly five years ago.”
P.E.D. reports, “Of course, Apple made it a lot easier by giving guidance ranges that accurately reflected their expectations, and then delivering results within those ranges”
See all of the analysts predictions and where they rank in the full article here.
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Apple’s stellar iPhone sales dumbfound ‘experts’ – July 24, 2013
Yet again, many Apple analysts were wrong: People still prefer iPhone – July 23, 2013
Record iPhone sales power Apple’s third-quarter, shares climb – July 23, 2013
MacDailyNews presents live notes from Apple’s Q313 Conference Call – July 23, 2013
Apple beats Street on record quarterly iPhone sales – July 23, 2013
Time to permanently label the Braeburn group incompetently irrelevant.
Nope. Braeburn Capital is the Bank of Apple. 😛
Fortune….. Trying to save face with more BS & FUD. Thanks for the enlightenment Mr. Philip Elmer-DimWitt.
You must have fallen from the crib a few times.
What is the name of Apple’s investment company in Nevada?
What’s funny is reading the apple haters across the blogs smugly gloating Apple’s demise to superior Samsung and M$ products. Cognitive Dissonance at its finest.
Did Apple write off 900 million in failed, unsold product?
So, they knew what the numbers would be and told us for 3 months it is much worse that reality is telling everyone. Is that another way of saying that the analysts have been lying to us for months knowing what the reality has been all along?
Whatever. Here’s how Tim did: “and we are laser-focused and working hard on some amazing new products…” Lies and damn lies from the CEO. Everyone sees it yet the MDN faithful keep on believing. He sold a lot of phones. Wall Street says “Big Deal” and we move on to something else because there certainly isn’t anything going on around the once great Apple Inc.
You sound like you bought AAPL at $700 and think it is Tim’s fault that you don’t know how to buy low and sell high. Go away.
You really are stupid, aren’t you? You think Apple isn’t working on new products to release? You think that what they have out right now are the ONLY products that will ever be sold by Apple?
Apple has announced a revolutionary new Mac Pro, and has put forth an update to the Macbook Air that is simply stunning in terms of performance. We’re coming up on the fall, where we will see a ton of new releases. And I believe Apple is working on new product categories as well, not just advances to its existing product lines.
Tim Cook isn’t lying. You’re just trolling.
Yes, exactly, dear Jay, just move on. and do it quick. how bout, now.
I’m happy Apple did much better than I expected but it’s a shame it fell $7 into earnings. Every little upward surge is certainly better than a downward surge. The shares I recently bought at $391 have proven to be a near-term gain, so I can’t complain. I’ll still be getting the dividends, either way. I do hope that the stock will hold this level for a while and then continue to climb above $500. Surely that sounds reasonable enough. I don’t really care what the analysts say since they all have their own agenda. I hope Timid Cook would be a little more aggressive with iPhone sales and that eventually the China Mobile deal goes through before the end of the year.
Shortly we’ll see just how “timid” Tim Cook is and how you’ll eat your words with extra bitter sauce on top. Love idiots who comment moments before new products are about to emerge like they have special knowledge instead of sheer stupidity.
I sold my Apple share Last night Because I trust the fucking analysts , I thought they did a good job looking the inventory channels for me .
What should I do now I need to wait 3 fucking days to buy my shares back !!! I sold 400 AAPL last night . I want to call Their offices to fxxk them !
Raymond, if this is humor or sarcasm , then use the LOL or /s markers.
If you really sold last night at 417 and are unhappy today, well, then there is really nothing much we can do for you except to suggest buying microsoft stock.
The real world will come in about a year or so. If Microsoft keeps losing ground, and Samsung keeps shipping and not selling, and Nokia is still alive but just so, maybe then we will see anal…yst begrudgingly admit that Apple stock may just possibly be under priced and the stock starts its move up…
Then again, maybe not. LOL