When it comes to forecasting Apple’s earnings, amateurs are better than the pros

The Challenge: predict seven key metrics of Apple’s fiscal success over the past quarter — such as sales numbers, profit margins, and gross revenue — with the highest accuracy. The Competitors: In the blue corner, a bunch of amateur finance bloggers, and in the red corner, a cabal of professional analysts making mad dough at banks and trading houses. The Conclusion: whatever you’re paying for your ” expert ” advice on the future financial wellbeing of Apple, or any other tech stock for that matter, stop . Just… stop. When it comes to forecasting Apple’s earnings, amateurs are better than the pros originally appeared on Engadget on Thu, 20 Jan 2011 07:09:00 EDT. Please see our terms for use of feeds . Permalink

Posted by on January 20, 2011. Filed under News, Tech. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry