KellyOKeefe

Apple’s Uncharacteristically Sloppy Execution

It's absurd to say Apple's "forecast missed estimates". Forecasts neither achieve or miss estimates, they ARE estimates. It is accurate to say that Apple's estimates are less optimistic than their investors. This isn't failed execution – this is careful execution. Isn't it better to under promise and over deliver than to do the opposite? Given the tragic disappointment of companies like Bear Stearns that ride their own, wild optimism to disaster, I think we should rally around this company. I have certainly taken the opportunity to increase my holdings.