Because its growth is slowing. Its products are old. And there does not seem to be anything new. Their biggest competitor is blowing up and yet Apples sales are not that great.
BLOWING UP FOR REAL!!!!
I thought apple was beelining to 130 on that news.
Never happened.
Still think it’s a decent long term investment, BUT it’s gone up 3500 percent in 8 years!!
I had it at 20 before the split. I think about shooting myself sometimes. :(
The new iPhone 7 and 7 plus was release two weeks before the end of the quarter and new Macs will be released in two days, on Thursday. The iPhone 7 sales have been phenomenal. . . but don't show up in these figures. Guidance for the next quarter will show that, and it's larger than what the Street expected.
The iPhone 7 and iPhone 7 plus are still completely sold out, with a three week to one month delivery time on the 7 plus. Apple is building those as fast as they can.
Tim Cook just stated they underestimated the product mix between the iPhone 7 and the iPhone 7 Plus, with the Plus demand being far larger than they expected from their experience from the iPhone 6 Plus and 6s Plus models. People are really demanding far more of the iPhone 7 Plus over the iPhone 7, than they had before over the baser model in previous years.