“Apple beat everybody’s expectations, pros and amateurs,” Philip Elmer-DeWitt report for Fortune. “But the pros, as usual, did worse.”
“For the second quarter in a row, Kirk Burgess of the amateur Braeburn Group has come out on top, this time both for overall accuracy and for the top and bottom lines,” P.E.D. reports. “Someone should hire that guy — if they haven’t already.”
“At the bottom of the deck, the huge misses by Cowan’s Timothy Arcuri and BTIG’s Walter Piecyk can be explained by timing; their estimates were made in October and November, respectively, when it wasn’t as clear how big a hit the big iPhones were going to be,” P.E.D. reports. “That excuse doesn’t work for Morgan Stanley’s Katy Huberty or Bernstein Toni Sacconaghi.”
View the carnage here.
[Thanks to MacDailyNews Readers “JES42” and “Lynn Weiler” for the heads up.]
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My recorded numbers in earlier posts were over 72-73 million iPhones and over $3 on earnings …. I actually had a $305 or $3.06 posted number …..
I nailed it and bought shares before earnings report, yea baby!
When I throw darts, I often aim at the middle but the darts drop low as they fly. These analysts could benefit by taking lessons in dart throwing.
Doo doo
Anyone who trades based on the “professional” Analyst should not be trading Apple stock. Just go to an Apple store and be your own analyst.
I have this great profession in mind: I’m going to be a professional analyst of professional analcysts. The puss will fly! 😉
i don’t know nothing about nothing but here is my prediction for the Oct-Dec 2015 quarter : 100B Rev 25B profit 100million iPhones 30million IPads and 9 million! Macs.
I’ll eat my shoe and video that and send it to MDN if I’m more then 10% on any number. Including the 9 million Macs. How much time do I spend thinking about those numbers? half the time then it took me to type this post.
You spent too much time thinking…
How do Huberty, Sacconaghi and Blogett stay employed?
They don’t even try to be correct in their “analysis”, they just want clicks.
Whether the clicks come from Apple haters, Apple fans or innocent web surfers drawn to the “circus of Analysis”, it’s all good .
That’s because the pros have an agenda to push.
The amateurs just care about getting it right.
——RM