“In the Apple (AAPL) Earnings Smackdowns we’ve been running every quarter for the past five years, the amateurs who follow the company tend to do better than Wall Street’s professionals in quarters where Apple beats expectations,” Philip Elmer-DeWitt reports for Fortune.
“And on Monday, with Apple reporting revenues, earnings and unit sales that were all better than the Street’s consensus, the indies did it again,” P.E.D. reports. “Compared to some of their past disasters, the pros didn’t do badly this time. But when ranked by the accuracy of their top- and bottom-line estimates, they gave nine of the top 10 spots — and 15 of the top 17 — to the amateurs.”
The complete tale of the tape here.
Why Apple’s stock price rollercoastered during the conference call – and is heading up – October 29, 2013
Apple’s $37.5 billion Q413: What the analysts are saying – October 29, 2013
MacDailyNews presents live notes from Apple’s Q413 Conference Call – October 28, 2013
Apple beats street with revenue of $37.5 billion on quarterly record sales of 33.8 million iPhones – October 28, 2013