I know that growth is obviously important, and Apple has had bigger quarters, but estimating $84 billion of revenue with a 38% gross margin in a SINGLE quarter is wild.
The company itself is okay of course
People that overbid its shares will not be
Apple's greatest innovation might be that it leaves a bunch of Wall Street fools out of jobs. Does an economy need as many people predicting quarterly iPhone shipments to speculate on stock price as it takes to actually design said iPhone?
Stock options holders simply wont exercise, and can buy shares for cheaper in the ESPP window
Too bad about the time used in the best years of their lives though, better to optimize that with better negotiation