Sell-Side Analysts Misunderstand Apple Almost As Badly As They Misunderstand Amazon

They only missed by 20 cents a share on this one!
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When consensus estimates on Amazon got curbstomped by 50 cents a share last week, we gave sell-side analysts a break. After all, Jeff Bezos is a wily one, and they spent all those years figuring out how to evaluate Apple.

Apple

Well, speaking of Apple...

For its fiscal fourth quarter ending Sept. 30, Apple’s revenue rose 12% to $52.58 billion and profit jumped 19% to $10.71 billion, or $2.07 a share, from $9.01 billion, or $1.67 a share, in the same period a year earlier. Analysts polled by Thomson Reuters had expected earnings of $1.87 a share.

Okay, now you guys just aren't paying attention.

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