Grouch

How Soon Can Apple's Market Cap Surpass Microsoft's?

Your title should add "Again" as Apple equalled or exceeded Microsoft's value at the end of 2008 when Apple was over $200 per share and Microsoft was stuck around $20.

Apple: Calculating Q4 Gross Margin for the iPhone

Great job.
In your first of three equations the article gives a .21 factor where the table it is derived shows it should be .29. Which did you use in your calculation? Typo or calculation error?

Share Buybacks Make Apple Sweeter

The projected % calculations for EPS change for $10 and $20 buyback are way too low and disregard the amount that would be lost to income that is currently earned in interest.

Yo, Bernstein Research’s Toni Sacconaghi do we just take your word for it with these off the wall projections or will you show us your figures so we can confirm how inept you are?

Cash is king now and any analyst who even suggests that a company should get rid of a large amount of its cash is totally incompetent (or, in your case, probably just trying another Apple price manipulation -- downward in your case if they don't see the "wisdom" of your suggestion. You are the advance man of another "analyst" round of Apple price "fixing.")

Is Apple More Undervalued Than Other Tech Sector Stocks?

Love the history lesson at the end.

I don't believe the $3.518 billion will all be recognized over the next year.

Reconstructing Apple Earnings, Including iPhone

Great work but -- your Table 2 percentage figures are very misleading. The differences are compared to the non-GAAP numbers when they should be compared to the GAAP numbers. No one in the analyst communities had the non-GAAP figures until you provided them. Your percentages show how much GAAP accounting REDUCES the actual figures. The important point they should get and you should adjust your percentages to show is how much MORE non-GAAP is than GAAP. All your percentages will go up and give a much clearer picture of how much GAAP accounting is UNDERVALUING all numbers. Most impressive is the increase (when you do this) of Gross Margin from your 19.5% to 24.3%.(By the way this really shows that the iPhone is a really high gross margin item even compared to the Macs. When you compute gross margin % itself the iPhone sales increase the non-GAAP number by over 2% for ALL sales.)

Reconstructing Apple Earnings, Including iPhone

The 14.6% not recognized should be of Total Sales? The iPhone % not recognized would be much much higher.

Reconstructing Apple Earnings, Including iPhone

14.6% of TOTAL sales not recognized (not for iPhone sales.) The total % of IPhone sales not recognized is much much higher. Please update to reflect % of iPhone sales not recognized.