Headline and article said AAPL dragged all those guys down (actually mentioned Facebook and Google, don’t recall the others..).
That’s why the snarky reference to FANG.
We can discuss whether AAPL should be there, but that wasn’t the motivation behind the comment.
I can’t quite see how Apple (hardware sales) pulled down Facebook (social networking/advertising), Amazon (retailing/cloud services), Netflix (streaming video/advertising) or Google (advertising). . . They aren’t at all related. . . or the timing of this stock value drop and the Apple news cycle. These claims about soft iPhone sales started dragging AAPL down the day after Apple reported the best record breaking, most profitable quarter in business history, and has been on-going for two weeks for AAPL. . . but the MSM Street press chose to concentrate on Apple giving what some anal-cysts on the streets’ negative takes about Apple giving guidance that was a bit softer than the anal-cysts wanted for iPhone sales for the next (this) quarter, ignoring Apple roundly beating the Street expectations, Apple’s 30% growth in services which was already a large portion of Apple’s business and profits, and the amazing 20% year-over-year growth in Apple quarterly profits on a previous year’s also amazing record profit quarter for ALL BUSINESSES in history. That all didn’t matter. . . Unsupported redux deja Vudu repeats of last years’ later disproved bogus rumors do count. Go figure.
They also are apparently miffed that Apple will not be reporting unit numbers of computers and iPhones sold in the future. . . Now opting to instead comport to the industry practice of treating unit numbers sold as a trade secret as ALL other CE manufacturers have done historically; only Apple ever reported units sold for these products categories.