Despite once again being outperformed by independent analysts, Wall Street still doesn’t have a clue about Apple. Some are even doubling down. Philip Elmer-Dewitt breaks down the latest outlooks from these “professionals”:
Apparently the Street still views Apple’s post-2007 growth spurt – that is, after the launch of the iPhone – as a flash in the pan. Over the past five years, including the worst of the downturn, Apple’s average growth per annum was more than 60%. The consensus among Wall Street analysts is that over the next five years, that growth will slow 20%.
First time, shame on you. Second, third, fourth, and fifth times, you’re a moron.