Either apple always underestimates their earnings or those high paid analysts have not a clue on how to forecast earnings out of aapl. It has actually gotten to the point where I think this underestimating has just got to go. Other than that you can thank the bailout of the banks for all these great corporate earnings these past few weeks, if it were not for the bailout most of these companies WOULD NOT be crushing earnings and guiding higher. I'm predicting that at least 75-80% of companies will beat or exceed expectations, pretty astonishing knowing just a year ago the economy was seconds away from a depression.
Pretty amazing, huh? Our "good" government claims they dirverted disaster with the actions they took. Isn't it great that we have such intelligent and responsible people looking out for all of us? Where would we be without them?