jwest

Sell the News, Buy the Rally

output555-
Well put. But there's more- if the writer can be so incredibly wrong on his assessment of Apple's business based on a misguided personal opinion of their product, how do we take anything he says seriously? Really! Bank isn't missing the ballpark with his predictions for AAPL, he doesn't even know what city he is in!

Earnings Power vs. Investor Sentiment

I agree with awcabot, Apple is just at the beginning of a growth curve, not at the end of one. Your chart misses a huge metric that the consensus estimates have not accounted for- market share for the Mac. The ipod & iphone make the news, the mac makes the money. With the highest price tag and margins, this is where Apple makes most of it's profits. WIth the help of the ipod & iphone, the Mac has now been "discovered" by the mass media and general public. Apple is looking at over 40% growth in market share for the Mac vs 2006. Earnings for 2008 will be staggering. The only adjustments to your chart in 2008 will be up!