Originally Posted by fjose1929
Abramsky is full of it. 28.30 for 2011. This means he is saying this Q will be $7.66 in EPS.
He was off by 20 percent in the last Q. I bet this Q, he will be off by 30 percent.
He's really good at underestimating. Isn't this the same analyst who last year, after it was announced, predicted the iPad would sell 2 million units in 2010, and maybe 5 ~ 10 in 2011?
I was puzzled by his complete lack of foresight with that device now he's revising it upwards yet again, and still, IMO, way too conservatively.
If Apple can produce 5 million units a month, they'll sell 5 million a month. And they're just about there now. They'll sell 15 million or more in the 4th quarter of this year alone
I don't know why these analysts are always so far off the mark with Apple. Always under-estimating the reality by very wide margins.
Hmm, maybe it boosts their shareholding value more if their "expectations are exceeded" by reported results then it would serve them well to shoot low.