[MeshugeMikey]

Apple gives weak forecast, shares fall nearly 7 percent

tjis isnt exactly Good news but it is current

[Swordmaker]

Apple gives weak forecast, shares fall nearly 7 percent

After hours trades on AAPL are small batches and not too significant of much of anything. A bunch of them are stop loss sales triggered at 122 and all hit when it hit that level at 17:59 and were all small lots. This means very volatile pricing after hours and someone grabbing bargains. Mostly amateur investors panicking based on very little knowledge.

[Swordmaker]

Apple gives weak forecast, shares fall nearly 7 percent

Apple is only required to provide a forecast. They are not required to provide an accurate prognostication.

I don't blame Cook and Maestri for guiding low this coming quarter with the unknown state of the Chinese economy. As an ex-CEO, I would be doing the same thing if I were still doing it. There's is nothing predictable about what is going to happen on the Chinese economy right now except that it is unpredictable, and anything could happen to the ability of the Chinese people to continue to have ready cash to buy iProducts. Ergo, provide a cautious guidance for the next quarter. If you beat it, great. If you just meet it, also great. . . just don't provide an exuberant guidance you can't meet if China tanks.