I typically listen to Apple's Earnings Conference Calls as Peter Oppenheimer, Apple's CFO, and the usual cast of characters play hide-and-seek with the analysts. By the third call/question I am bored silly, but the same thing goes on quarter after quarter. If I were an analyst, my question would be:
Congratulations Peter on a great quarter! (Years ago this was the way they started, but I guess they got bored with that.) So, Peter, for the 1,144th straight time you severely underestimated your revenue and EPS. As a matter of fact even though your department had all the financial information, your estimate was worse than any analyst and we are idiots, as you can tell by the questions this afternoon. My question is, 'Who is responsible for your guidance and why haven't they been fired?'
At least you might get a laugh which is more than what they get now.
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