The Macalope Weekly: Crazy making

22.10.2011

Oppenheimer told analyst to expect December quarter revenues of $37 billion--that's a 38 percent jump from the $26.74 billion Apple recorded last year. Apple expects earnings per share of $9.30, up from $6.43 last year.

Holy . That's a monster quarter, and we already have evidence Apple can do it since the iPhone 4S is blowing away sales records.

So, there's two ways to react in this situation. You can take a company that consistently beats its guidance at its word and hang on to your shares, giggling to yourself like a gleeful miser...

, you can sell your shares because Apple didn't hit the made-up estimates of a bunch of nitwits who never get the company's earnings right.

Your choice, Wall Street geniuses.