Apple Stock wrote:
Quotes from one of the articles below echo exactly what i said one and a half months ago.
"The iPhone 5's initial sales were disappointing. The first weekend's sales number, 5 million, was significantly worse than the "worst case scenario" put forth by Wall Street's top Apple analyst."
"Longer-term, increasing competition, maturing markets, and pressure on Apple's extraordinary profit margin may become bigger concerns. Apple's competitors have now arguably caught up with the iPhone, or at least gotten close enough that the differences between brands are only important to tech snoots."
Here are a few articles you noobs may want to read:
http://www.mercurynews.com/business/ci_21852764/apples-stock-faces-rare-doubts-before-todays-earningshttp://blog.sfgate.com/techchron/2012/10/25/apple-boasts-another-big-quarter-of-sales/http://finance.yahoo.com/blogs/daily-ticker/why-apple-stock-dropping-122259431.html
This is a supply issue - not a demand issue. You're looking at a 3-4 week wait on an iPhone 5 right now in the US. It's been that long of a wait since it's release.
Did you make any money on your call? You keep failing to answer this - I think we all know why.
The iPhone accounted for 77% of smartphone sales at AT&T and 46% of smartphone sales at Verizon in the US. This is all with very constrained supply of iPhone 5. Meanwhile, the white version of the iPad mini sold out this morning in 20 minutes.
I'm not worried.
If you're that confident on your predictions - I hope you short the stock. In the mean time, I'll continue realizing my very real gains. I'm AAPL long, I don't play the short term game. Enjoy the roller coaster ride as the trend continues unprecedentedly upward.