Now that Apple has reported their 4th quarter earnings results, Fortune has put together a chart analyzing the numerous Apple analysts, and how close they were to actual numbers reported by Apple.
Philip Elmer-DeWitt explains for Fortune, “What jumps out of the chart for me is how badly the pros blew the iPhone numbers: the Street consensus was off by an shocking 72%. It was here that the bloggers shone. All three came within 8% of the actual number and Turley Muller of Financial Alchemist hit it on the head with an estimate of 6.8 million.”
It’s not surprising that those with the most passion for the company, who spend the most time daily, researching and digging for information, laying out charts, graphs and expectations, end up with the most accurate depiction to what Apple reports. Paid analysts and pundits will always voice their opinion, but when a devoted Apple shareholder, who follows the company under a microscope, unveils a far more accurate analysis, something is to be said for the “analysts” Wall Street is listening to.
Read – Fortune
