Apple stock sank sharply after the quarterly announcement. The concern on Wall Street with Apple is not so much what they’re selling today but with what they will sell tomorrow. They beat all projections but for Wall Street that wasn’t good enough. Apple seems to be caught in a bit of catch 22.
The buy back of shares was just announced and the stock value immediately started to slowly increase. I must admit, unless Tim Cook can introduce something that doesn’t rest on the Laurel’s of Steve Jobs Apple may find itself caught in not only this catch 22 but something even worse and that would be declining sales.