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  • Apple (AAPL -5.8%) has hit levels last seen in Dec. '11 following Cirrus Logic's warning and a Digitimes report about declining iPad Mini shipments. Cross Research calls Cirrus' warning "a reminder of weakening demand, and the challenges around product transitions" for Apple. Tero Kuittinen, noting sub-30M June quarter iPhone sales estimates and worries about the margin impact of emerging markets promotions, thinks "several nightmare scenarios have been priced in." "The naked fear of former Apple bulls is exactly what we need just before the earnings come out." [View news story]
    I've been holding Apple for over 2 years (yes, watched $700+ come and go) and still cannot believe the current price and, especially to keep hearing that the company has lost it's direction with some idiots even saying it will be the next Palm or RIM! One has to believe that the worst scenario has been priced in at $400.
    Really not pleased with the lack of attention being given by Cook to help it's shareholders (buying back shares and increasing dividends + stock splitting)
    Raven
    Apr 17 04:32 PM | 1 Like Like |Link to Comment
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