Analysts Act Like Prison Newbies When It Comes To Apple
When it comes to Apple, so many financial journalists and analysts seem to act like newbies in prison who have to prove strength by beating someone up.Just watch: when earnings are released this afternoon, no matter what they are, reports will surface that it's not good enough; that foreign exchange hurt profits; that the company is too big; that it only sold 15 million watches.
It's a great American tradition: make a list of the Biggies and proceed to shoot at them.
But, we guess, it takes guts to criticize a company with about $160 cash in bank.
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