From a hatchet piece on Apple’s earnings on Breakingnews.ie
Jan Dawson, an analyst at research firm Ovum, said Apple had beaten financial analysts’ estimates and its own guidance – something which could cause it problems in the long term.
“In some ways, beating guidance was the worst thing Apple could have done, after it had said last quarter that it would provide more realistic guidance and aim to hit rather than beat it,” she said.
“A large part of the problem with Apple’s share price is that it has trained analysts to expect two things: ever-increasing revenues and profits, and that it will beat its own guidance consistently.
So, if Apple does better than expected, it’s doing bad, but if it hadn’t done as well as expected the analysts would also be predicting doom. Just like they have been for the past few months. Analysts don’t care what’s good for Apple as a company, all they care about is what Apple can do for Wall Street. They treat it like a financial company, which of course is bullshit, because it’s not.