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Apple Stock Falls After Earnings Announced
So, what happened to all the "Apple FanBoys"? Looks like the comments are reflecting a bit of skepticism in the company's future. Could there be a shift looming here as is the case in some many others areas? Perhaps, but I don't think anyone would count Apple out in the near future. But as more competitors enter the market and pricing changes, business could be affected. We'll be tracking the comment-sphere for developing feelings on Apple because often Wall St.'s take is not quite that of Main St's. Let's watch and see what the real story is that develops from the consumer not the analyst in the new bottom-up culture shift.
Analysts were expecting Apple Inc. to report a 33 percent increase in earnings last quarter, however just a few days ago Apple stated a rise of a mere 21 percent. Apple is called the world’s most valuable company, yet the shares are down 10 percent from their peak of $644 in April. Are consumers waiting out for newer editions of Apple products, or has the company been hurt by the strengthening dollar, which is reducing international sales? Let us examine what people are thinking.
What Others Are Saying...
I believe that Apple has reached its zenith. Its corporate culture and identity was too wrapped up in one personality: Steve Jobs…
I didn't purchase the 4S because I wanted a bigger screen…I anticipated the iPhone 5 but got nothing. Come on Apple. Seriously?
Any company that missed analyst projections would cause the Street to hit the sell button…but this is about the business question of whether Apple has underlying weakness in being so dependent on the one product line that needs heavy carrier subsidy.