Why Apple Profits Pack Such Punch
7/27/2007 16:09  Resource:Business Week  Author£ºPeter Burrows

    Certainly,that's the message Apple seems to be trying to send with its conservative guidance for the September quarter. While the company blew away consensus earnings per share targets of 66¢ this quarter by delivering 92¢ earnings per share, it says it will only be able to deliver 65¢ in the current quarter, due to an expected increase in component prices, back-to-school promotions, and relatively mediocre revenue growth of around 19%. But given the roll the company has been on, most analysts don't put much faith in such numbers. "The guidance is really crummy, but I don't know that it even matters," says American Technology Research analyst Shaw Wu. "It was an awesome quarter."

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