geeeze! What is going on? We seem to be in free fall. Is there a bottom?
There's a lot of fear out there, and a lot of negative reporting about Apple. This usually follows a big move upward. People get nosebleeds from the altitude, and then start to worry about every little thing.
I'm getting deja vu, reading some of the articles (from Android fans) about how fabulous the Galaxy SIII is, how stale iOS 5 looks, etc.
Then there are the stories that say "Apple's next report has to be perfect," blah, blah, blah. When has that not been true?
I think it's notable that the tablet market in general contracted quite a bit in the first quarter, while Apple increased its share again. Also, the iPhone 4S launched on another carrier in China toward the end of March, so there should still be good momentum there in this quarter.
What I'm saying is that amid all the anxious chatter, I'm also seeing reasons to be calm and confident. Obviously, it's hard to maintain that confidence, sometimes, when recent momentum buyers are freaking out. But maybe this will help: Year to date, the stock is still up 150 points or so, even with this recent correction. And take a look at six-month and 1-year charts. |
