Tuesday, April 20, 2010

AAPL FQ2 Results: Bloggers Beat The Street

Apple reported extraordinary results for the company's 2nd fiscal quarter ended in March. I'll be commenting on and analyzing those results over the next few days. In the meantime I'd like to make mention tonight of results of a different kind. 
Philip Elmer-DeWitt, author of Fortune Brainstorm Tech's Apple 2.0 invited bloggers and unaffiliated analysts, including myself, to post estimates of Apple's 2nd fiscal quarter results alongside estimates of Wall Street analysts. While all of us (bloggers, unaffiliated analysts and Wall Street analysts) did not anticipate the magnitude of Apple's success in the 2nd fiscal quarter, the "rag-tag group" as he descriptively put it beat the estimates of Wall Street's best. 
The results can be found in this Apple 2.0 column. I'll be back in a few days with an in-depth look at Apple's performance in the quarter. 

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