As some of you may know by now, Apple failed to meet Wall Street's unrealistic expectation for the last financial quarter. And you know what? It's a great thing. Here's why it's great for the company and mobile warriors in the long run.
Apple doesn't do things quarter by quarter but more of on an annual basis. iOS devices are updated on an annual basis. Macs now has a longer shelf-life than ever before. Just as the folks waiting for new updated Mac Pro units how long they've been waiting and still are waiting.
iOS is updated on an annual basis as it OS X.
Oh, even Apple's hobby, the Apple TV, is updated on such a schedule.
So, it's clear that there will be quarters where numbers get blown out out of water and quarters where numbers are more muted. However, by any measuring stick, Apple's disappointing quarters are the envy of its peers on exchanges and competitors. Wouldn't HP, Dell, RIM, or Samsung want Apple's $7 billion or so in profit?
Wall Street will have to learn to deal with the new Apple under Tim Cook who will provide more realistic numbers.
What's the benefit of Apple beating its own expectations but not meeting insane Wall Street predictions? The focus will be on products that Apple will release throughout the year and less on rumors that mostly don't pan out. Apple will force more responsible reporting and, hopefully, more soul searching by bloggers and pundits and highly paid analysts who are often wrong anyway. It'll force investors to stop listening to these guys.
And it'll force everyone to focus on what's at hand, that Apple makes insanely great products. Stop focusing on rumors that are often made up what's available today.
As an investor who owns a few Apple shares, I want a steady rise in share prices and not the insane Wall Street numbers.