Apple (NASDAQ:$AAPL) reported what was for any other company a complete blowout of a quarter, especially having to write off an entire continent (Europe). But, the expectation for them are so high and their margins so vast that the Wall St. sell-side projections for their business got way ahead of even Apple’s guidance. This is the single most covered company in the world and it should bother people that a quarter where they made $6.5 billion in net profit for $9.32 per share would be considered a huge miss.
How is it possible to miss revenue projections that badly?
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