Philip Elmer-DeWitt after analyzing predictions by “Street analysts” and non-analysts(?) concludes:

Once again, the Street blew it. And although even the most bullish independents were surprised by the strength of Apple’s Q1 2012 results, at least they were in the ball park.

Just look at the spreadsheet he put together — amazing how bad people that get paid to guess are at, erm, guessing.

Posted by Ben Brooks