How To Read Financial Results

Dear Apple Fans,

Congratulations on Apple’s fiscal report yesterday! It is truly great to be excited when the company you’ve pinned your hopes and dreams on has gathered more profit than they ever have in the history of the company; it’s certainly better than having to show a loss. However, I caution you to remember that just because Apple has posted big numbers that it means absolutely nothing financially if the they didn’t meet their current forecasted numbers and they felt that they should lower their forecast numbers for the next reporting period. Consequently, uh, you have nothing to really celebrate at this point. And yes, my portfolio reflects this with a whole lot of red numbers following a watch list line that starts with AAPL.

While it’s OK to be happy that the company has sold a lot of Macs, iPhones, and iPods, they have still screwed the pooch in the fiscal sense. Just thought that you lot in the fan base would want to know… assuming that you didn’t get your skivvies sticky already, it might save you some time doing laundry considering the somber message of the financial report.

HTH!

Randy


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