I’m not selling my stock. As long as people keep having kids, they’ll come of age and get/need/want a phone. My stepson is 11 and he’s coming into the next que. With people constantly upgrading, I think the drop is largely cyclical.
I’ve got a bunch of their stock and don’t really care as I’m not selling any time soon. The important thing to me is that the dividend went up 10%.
The earning miss is a result of the cell hone carriers not subsidizing the purchase of new phones with a re-up on your contract.
Go in and pay $600 for a new iPhone is a shocker and people say I’ll keep what I have.
That’s why they missed earnings estimates
Maybe Apple is spending too much money on its new Apple Campus and not plowing back enough $’s for research for new products.
Go to this drone fly over video of the new Apple Campus in Sillycon Valley to get an idea of the cost of their new Campus.