Apple Does it Again

Apple reported earnings last night and they surprised most everyone on the upside. Expectations came down for all the phone makers in the past month as phone component suppliers reported shrinkage in orders. Here is an example of such a story.  With this backdrop, people became more concerned that iPhone sales might fall year over year.  Tae Kim | @firstadopter Notes in an article on CNBC.Com that "Wall Street analysts were panicking before Apple's earnings and got it dead wrong." After all, iPhone unit volume sales peaked a few years ago, so news and momentum were pointing to challenges. But Apple did as they have so many times in the past, they outperformed expectations.