Let's talk about Apple's (NAS: AAPL) mortality. After years of exposing analysts as lowballing dummies, the Cupertino tech giant finally donned the dunce cap itself.
Apple traditionally puts out laughably conservative guidance, but this time it should have been a little more clear about the lack of iPhones it would be selling when it delays the next generation's rollout. It's not too often that you will see Apple's Mac sales post a headier year-over-year spurt than its iPhone business.
Most investors are giving Apple a pass on this, largely because it sold 4 million iPhone 4S smartphones this past weekend. There's a lot of helium going into this quarter's expectations. Let's hope the bulls don't get burned this time.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
Sirius XM Radio (NAS: SIRI) finally put out its first SiriusXM 2.0 receiver. It also spelled out the nearly two dozen new stations that will be accessible by the new receivers. If you missed the announcement, you may have been driving under a freeway bypass.
Until next week, I remain,
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