Street on Apple: 10% year-over-year. TMA: Pfffft.

It’s time for Apple to report on earnings yet again‚ kiddies.  And the tech analyst keystone cop routine continues.  The beat’s worst weatherman is continuing the “yeah‚ but” style of analysis they teach at Harvard.  The consensus from the Street has Apple reporting earnings at $1.16 per share and 10% YOY growth.

Pffffffft.

Apple will stomp these estimates for 2 simple reasons: 3GS and MBP.  We know the 3GS blew past predicted sales and it looks like the price cut in the MacBook Pro line may make June one for the record books at Apple.   Get ready for the “boom”‚ indeed.

Update: $1.35/share on $8.34B in revenue – a new record for a non-holiday quarter.