That is all.
Smirk.
Just kidding, here’s some more: “This was not a quarter to underestimate Apple, as evidenced by all the red and pink in the boxes [see full article for spreadsheet] next to our three biggest bears: Credit Suisse’s Kulbinder Garcha (No. 39), ISI’s Brian Marshall (No. 38) and the Braeburn Group’s Sunil Shah (No. 37),” Philip Elmer-DeWitt reports for Fortune.
Check out the best and the worst of the Apple analysts in the full article here.
“Apple destroyed estimates on both lines, crushing EPS and revenue estimates,” Quoth the Raven writes for Seeking Alpha.”The company unleashed the floodgates on one of the most massive shareholder-friendly initiatives in the history of the world, raising their buyback to $90 billion and issuing a 7:1 split. iPhone numbers and iTunes numbers continued to grow hungrily and aggressively.”
“No product, no problem! Apple is still extremely undervalued at its current multiple,” QtR writes. “Bear arguments about a weak product cycle quarter, waiting for the iPhone 6 negatively effecting iPhone sales, and lack of a product have all been annihilated.”
“Calm down, CNBC. The products are coming, I assure you. And when they do come, they’re going to kick your butt,” QtR writes. “Why isn’t the focus on the amount of iPhones Apple was able to move in a quarter where it was heralded that they wouldn’t be able to sell enough because people were waiting about the iPhone 6? Can we stop fantasizing about products for just two short minutes to see that Apple is an absolute juggernaut of a company? With these metrics, I wouldn’t care if Apple was selling hot dogs, it’s an impressive company… Congratulations to Apple longs.”
Much more in the full article – recommended – here.
Related articles:
Apple shares soar after stellar earnings report – April 24, 2014
Apple’s 7-for-1 share split makes joining the Dow more likely – April 23, 2014
MacDailyNews presents live notes from Apple’s Q214 Conference Call – April 23, 2014
Apple announces 7-for-1 stock split; boosts dividend, ups buybacks to $90 billion – April 23, 2014
Apple smashes Street with revenue of $45.65 billion in Q214 – April 23, 2014