Just look at the company’s historic success with the iPhone and you can tell that we are indeed living in strange times! So far Apple has taken down Nokia and left Motorola, HTC and Samsung gasping for air. The profits have not stopped flowing to Cupertino. Apple has reported $42.3 billion in net income so far for the first three quarters of this fiscal year. That’s more than the company’s profits for all of 2012.

I’ve said this before, but no company that reports a profit in the billions of dollars should be worried about doom and gloom. It’s based on what Wall Street predicts, which seems flawed to me.