34% Huh?

I'm a Buyer of Apple On This Selloff

"The problem was their forecast for the current quarter."

Apple does this every time. What you have to look at is revenue. They are guiding 6.8, which is 29% YOY. In all of F2007, the highest "Apple Guided" YOY increase was 18%, and highest actual was 29%. And Apple always beats their guidance. You have to ignore their EPS estimate.

I think a lot folks are going to look stupid when Apple reports Q2. Look for around $1.20 EPS.