Apple: Don't Mind the Maggots
Apple (AAPL Quote) is a wonderful profit-beating machine. It's also a dispenser of some of the finest Kool-Aid in the land.
After nailing its second-quarter numbers and sharing its customary cautious guidance, Apple laid on the real sales pitch to investors, glossing over the blemishes and putting a fine polish on its aura. If you didn't know better, you would think Mac marketshare was still growing and the top-shelf prices that Apple commands were holding up just fine in this economy. But that's not true.
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