Blog Post

Earnings Call: Apple Declines To Discuss Whether We’ve Hit Bottom ‘We Aren’t Economists’

Apple (NSDQ: AAPL) easily beat Wall Street estimates during a very busy quarter for the company, in which it came out with new Macs, unveiled a tiny, talking iPod shuffle, and even showed off new features from its upcoming iPhone software update 3.0.

On today’s call, COO Tim Cook and CFO Peter Oppenheimer were willing to address Steve Jobs’ return at the end of June (they are looking forward to it), before getting anywhere close to predicting whether the economy had hit bottom yet. “We aren