Predictions leading up to today’s earnings report from Apple were mixed, but the actual news turned out to be just what Wall Street wanted to hear. While iPhone sales are still down, the numbers weren’t bad enough to spook the market further. The worst seems to have passed, which is good. Almost everything else is up, with some areas really excelling in the March quarter.
Photo Source: @tim_cook on Twitter
Analysts that cover Apple finally got to be the broken watch that’s right twice a day. After so many botched predictions, at last they got to celebrate calling a slowdown in iPhone sales. While there are some who did have sound financial reasoning behind their predictions, I have a hard time giving any respect to many who just threw crap against the wall until it finally stuck. But to the few who called this based on sound analysis, a tip of the proverbial cap for sticking to their guns when the rest of us thought they were crazy a couple of months ago.