Most of Anal-ists are incompetent, lazy, stupid and dishonest to drive down the stock price..
don't give up your shares while it is at the bottom..
Apple, like many retail firms affected by weekend sales, defines its fiscal quarters not as three months, but as 13-week periods. To compensate for the resulting shortfall of one or two days a year, the company adds an extra week every fifth or sixth year (depending on the number of leap years in between) -- giving it 7.7% more selling days in the long quarters and 7.1% fewer in the short.
Seems pretty straightforward. Yet of the three dozen Wall Street analysts we polled in advance of last month's earnings report, only a handful mentioned the short quarter. Those who failed to take it into account, of course, would tend to underestimate revenues in the long quarter (i.e. fiscal Q1 2012) and overestimate them in the short (Q1 2013).
Is it possible that professional analysts paid to study the world's most valuable company were unaware of something so material to their forecasts?