When it comes to Apple’s stock, the advice of financial bloggers may be more reliable than tips from professional analysts.
On Wednesday, Apple reported a second-quarter net profit of $5.99 billion, or $6.40 per share.
CNN Money, however, tracked revenue predictions, and Apple made $24.67 billion of it in the second fiscal quarter. They found amateur bloggers were much more bullish on Apple than their professional counterparts. Of the 58 analysts surveyed, in fact, bloggers on average predicted Apple would generate 8.53 percent more revenue than Wall Street professionals.