HERE’S HOW ASTUTE INVESTORS SHOULD THINK ABOUT APPLE’S STOCK TODAY $AAPL $AMZN $FB $NFLX $INTC $NXPI $QCOM $AMAT $BAC $WMT $QQQ $SPY $DJIA
Apple CEO Tim Cook was the last person to know that Chinese consumers weren’t buying iPhones in ever-increasing numbers. That is, if you believe Apple’s public pronouncements and Wall Street analysts. Cook said in a letter to investors Wednesday: “[W]e did not foresee the magnitude of the economic deceleration, particularly in Greater China.” On the other hand, if you’re an astute investor, you already knew that Apple AAPL had an iPhone problem in China. (A problem for Apple is also brewing in India.) You don’t even need to be an astute investor. All you had to do was watch the