AAPL: Apple Is Sandbagging More Than You Think

Apple Is Sandbagging More Than You Think
by Eric Rolfe

Apple (AAPL) reported quarterly earnings recently which have received a lot of attention. Most of the attention is about missing street estimates and a low EPS number for the next quarter. Apple has a history of projecting very conservatively and then beating their projections. Apple takes the 'under-promise over-deliver' mantra to a level you just don't see in many other companies. One place that this shows up is on the balance sheet.
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