Friday, October 3, 2008

Steve Jobs is dead, long live Steve Jobs!

How can analysts have any credibility left making predictions like this:

Before product reveals like this:

Analysts are made to rate companies on a schedule that does not best inform their decisions. Apple reveals key laptops after iPods now, for Christmas and not explicitly for back-to-school. The only refresh that analyst ratings take into account is the iMac/Mac Mini desktop speed bump, which is less important than it used to be in the PowerPC era. It would be akin to giving a price target and assessment of 1950s GM just weeks before that year's Detroit Car Show.

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