News for hackers. Stuff that matters.

A comment on Apple Reports Record Third Quarter Results. Parent comment

Re:Apple Reports Record Third Quarter Results by spiralpolitik on Tuesday July 21, 2015 @05:01PM (#9925781)
Expected Q3 revenue was 46 billion to 48 billion as per the Q2 earnings press release. They earned 49.6 billion so beat the estimate by 1.6 billion.

Or are saying they missed the estimate that some analyst pulled out of their ass ?

[ Parent | on HN ]
Re:Apple Reports Record Third Quarter Results by arrrg on Tuesday July 21, 2015 @05:07PM (#9925817)
Analysts on average actually did better in predicting Apple’s revenue than Apple. (Apple obviously seems to be very conservative in their predictions, though.)
[ Parent | on HN ]
Re:Apple Reports Record Third Quarter Results by ajross on Tuesday July 21, 2015 @05:09PM (#9925836)
The analysts' recta have historically been much more accurate than Apple's press releases, which have (as is not atypical in the tech industry) routinely and severely underestimated revenue.
[ Parent | on HN ]