Sun's Earnings Equal Apple's…And Yet…?
Sun announced today that its earnings were about 30 cents a share, exceeding the 26 cent forecast, so everybody’s happy about that. Apple’s earnings were exactly the same, and yet everybody is clamoring to explain that it’s the end of the world. So because analysts THOUGHT Apple was going to do better, and THEY were wrong, Apple’s stock gets devalued by everyone? WTF? Can someone explain that to me? I just don’t get it.
Then again, maybe it’s Tai’s fault. :>