Three Guys and a Podcast: Apple News & Analysis
Unless you've been living on a Bora Bora beach the past few days (and who would blame you for that), you have probably seen any number of media outlets reporting on Apple's record breaking iPhone sales figures. Apple sold over 9 million iPhone 5S and 5C smartphones combined this past Friday through Sunday.
While a stunning number, analysts and tech pundits alike are spinning the idea that this isn't any big deal. The fat is, most analysts completely bricked on their estimates, as the average range of predicted sales fell between 5 - 6 million units.
The excuses these investment "experts" are spouting are typically showing up in two flavors:
1. This marks the first time Apple included China in their initial launch, which inflated the numbers.
2. There is a massive iPhone base out there upgrading to the new iPhone 5S and 5C.
There's only one major problem with their spinster logic: Analysts knew both of these factors before giving their predictions! They knew China was included. They knew two iPhones would be launched, and they knew of Apple's install base.
How can analysts claim the number is bigger than they estimated due to a China launch and large iPhone install base, when their estimates included all these factors?
It's hypocritical and deceptive beyond belief. Here is the short list of analysts spinning (big time) in an attempt to cover their bricked forecasts:
If you know of any other analysts trying to spin themselves out of absolutely screwing up on Apple's blockbuster sales figures, let us know and we'll be sure to add them to the list!
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