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Yes, a monster guidance. And remember this is Apple's estimate, which is has always been a lowball recently (even for this quarter, which was a little disappoin
by jcdavis 15y ago
Yes, a monster guidance. And remember this is Apple's estimate, which is has always been a lowball recently (even for this quarter, which was a little disappointing). $40B is definitely possible.
Certainly the iPhone sales this quarter weren't that great, but given the circumstances (most people knew the 4s/5 was coming), as well the 4s sold 4 million units on its opening weekend (almost 1/4th of all of last quarter's sales), I don't think it was that bad at all.
Obvious disclaimer: long AAPL, may buy more tomorrow
- deleted 15y ago[deleted]
- kprobst 15y agoLowballing quarterly earnings seems to have been a Jobs thing. With Cook on the saddle I'm guessing this will be the pattern going forward.