All right, folks, Apple doesn’t walk on water. Sure, nobody believes they do, except for certain members of the tech media and the financial community. Unfortunately, that meme has played out in the media in ways that appear to have hurt Apple’s stock price big time. Even though the price had risen considerably Wednesday ahead […]

If you follow such things carefully, you’ll notice that Apple’s stock has taken a huge beating in recent days, not because of expectations of poor sales in March financial quarter, but as the result of fears and, perhaps, profit taking. What fears? Well, consider AT&T’s report of a big drop in smartphone activations for the […]

I’m sure you realize that the release of Apple’s financials is a staged event. The numbers were already present long before they were unleashed to an expectant audience. The don’t just emerge full blown in an email from the company accountant, ready to immediately present to the financial analysts, investors, and the public at large. […]

Zooming way, way past Wall Street estimates, at least for the most part, Apple announced Wendesday that its third-quarter profits soared nearly 125% over the same quarter last year, to $7.31 billon, or $7.79 per diluted share. Total sales through June 25, 2011 reached $28.57 billion. As I said, way, way ahead of Wall Street […]