Hey Plash, you see that story on the IBM earnings scam? All these companies are doing this. They cut costs, and in IBM's case, actually lower the share count, making the headline EPS number look better than it actually is.
You can only cut costs so much before you have to start showing revenue increases. And, you can't count AAPL as any kind of indicator for the market overall because it's a niche player with a unique set of toys.
I think the market is about to catch up to the little game going on.
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