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When it comes to forecasting Apple's earnings, amateurs are better than the pros

Vlad Savov
01.20.11
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The Challenge: predict seven key metrics of Apple's fiscal success over the past quarter -- such as sales numbers, profit margins, and gross revenue -- with the highest accuracy. The Competitors: In the blue corner, a bunch of amateur finance bloggers, and in the red corner, a cabal of professional analysts making mad dough at banks and trading houses. The Conclusion: whatever you're paying for your "expert" advice on the future financial wellbeing of Apple, or any other tech stock for that matter, stop. Just... stop.

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