
This post was just published on ZYX Buy Change Alert.
The position is long with an average price of $18.71. The stock is trading at $95.06 as of this writing.
AAPL’s earnings and projections were below already reduced expectations.
Here is the key question, “Have iPhone sales peaked?”
Please see yesterday’s post on AAPL to see the rationale.
You be the judge, the following are the statements from the conference call, Apple said:
- iPhone sales grew at the slowest pace since its introduction in 2007
- forecast revenue declining in the current quarter, its first such drop since 2003
In our analysis, iPhone sales have peaked.… Please click here or the title below to read more.