Add Apple earnings

OMG: Apple is projecting to make $37 billion in revenue next quarter, which ends New Year’s Eve. According to techCrunch, the tech giant has never had a quarter over $30 billion in revenue. The closest they’ve come was their previous quarter, fiscal Q3, ending June 30, when revenue hit $28.57 billion. And that “disappointing” Q4 nonetheless turns out to be the company’s second best ever). A year ago during the holiday quarter, Apple did $26.7 billion in revenue. They’re projecting these numbers to be $10 billion higher. And don’t forget, Apple always lowballs their projections. During yesterday’s conference call, new ruler Tim Cook and CFO Peter Oppenheimer went so far as to predict record iPhone and iPad sales for the quarter, which Apple never does. “I think it’s pretty obvious that they would only do that if they felt like they weren’t going out on a limb,” writes MG Siegler. “Cook and Oppenheimer must be extremely confident that Apple is going to sell well north of 20 million iPhones (the previous record, set last quarter) and 11 million iPads (the record set this quarter). And a lot more.” (10/19a)