Here's what happened in Q3:
Apple Delivers a Big Earnings Miss; Outlook Disappoints
I hate to say you're a complete idiot MM, but you keep talking with authority when you're completely confused about the facts. Apples fiscal year ended with September, so it's fiscal 3Q was the US calendar 2Q. History. And yes sales disappointed, only up huge YOY, but the next generation of the iPhone was right around the corner. The stock, on that disappointment went on to set an all time high over $700.
After setting record profits forever some of the multinationals are reducing earnings slightly because Europe, our largest trading partner is in recession. I'm shocked! It's the end of the world! Despite the healthiest corporate balance sheets in my lifetime.
My take, and unlike you, I admit I could be wrong, is that there is wage pressure creeping in. Lots of folks retiring that are experienced and hard to replace (me). Keep that opinion in mind, and in a year tell me if I'm wrong.
But really MM, take the world as it is, not the way your political prejudice wants it to be. Absorb don't filter data. It's how you stay away from MMindlessness. |
