Apple reported its quarterly earnings earlier this week and the results were lower than expected. This miss was widely reported and Apple's stock took a hit dropping from above 420 before the announcement to under 400 on Thursday afternoon. But whose fault is this negative financial report? Is it Apple's failure to perform this past quarter or analyst's overenthusiastic predictions that led to this uncharacteristic stumble.
According to Fortune contributor Andy Zaky, this foible is only a minor blip created by analysts whose predictions were off the chart. Zaky points out that Apple, in the past, has reported revenue that was about
