Wall Street Eats its OwnPosted on January 24, 2013
Apple is the darling of
Wall Street, and it is one of the most valuable companies in the world
based on market capitalization.
It reported strong revenues, growth and earnings. But management's tonality wasn't uber positive about future guidance, and thus the negative frenzy has begun.
Wall Street seems to
lurch from time to time based on body language and perception.
Read this article and set of quotes. See the numbers provided - it doesn't look like the world is ending to me, but I do think Apple is being realistic in setting expectations as "the tree can’t grow to heaven forever."
I don’t own any Apple stock; but I do love the company and its products.