Q2 earnings in iPhone mid-product cycle always suck for Apple. Big buying opportunity coming up with most of the solid tech companies as they're all getting hammered.
AAPL investors have seen today's hit to the stock price coming for a long time. Last week shares dropped $8 as people locked in their profits ... anticipating today's drop of about $9.50 by missing revenue targets. Tomorrow morning we may see the stock drop below $92/sh, I know I'll be watching the pre-market and if it dips below $90. Apple stock will rebound with the release of iPhone 7 because Wall Street sees Apple as a one-product company. Weird, but this company gets no respect even after so many years being the most innovative and profitable.
Apple needs to buy Tesla soon, that will change the attitude of investors.
The "Death of Apple" and AAPL stock price is focused entirely on quarterly iPhone sales, nothing else. Things that seemingly don't exist at all (in terms of revenue and innovation) : Macs, iPad, AppleWatch, App store, ApplePay, AppleTV, AppleMusic, iTunes ...
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