THE CHEAPER APPLE GETS, THE BETTER IT LOOKS $AAPL $BAC $CHL $CHU $CS $WMT
Yesterday, Apple announced two new iPhones, iPhone 5S and iPhone 5C. Today, at an event in Beijing, Apple announced new iPhone availability at two smaller carriers, China Unicom and China Telecom, but no deal with the largest carrier, China Mobile. Wall Street is venting its disappointment: Bank of America, UBS, and Credit Suisse are among the firms downgrading Apple. Shares of Apple stock are taking it hard, down more than 5.7% to $466 Wednesday afternoon, but that may just enhance Apple’s value as a stock. Here’s why. The Long Game: Tim Cook is playing the long game just like the