APPL came out with its result last night. Everything was perfect except they missed on Iphone sales. In my opinion it is still a strong buy for vulcher investors and here is my simple reason:
For about 6 months the customers were waiting for Iphone 5 and that hold up their commitment to buy IPhone 4 and this cause the IPhone 4 sales to stall. Now that Iphone 4S is available APPL cannot keep up with the sales and as you know the sales are beating the expectations. I cannot imagine how stellar the next Q resulold would be. Wise investors and mutual fund managers will dive in before the end of this week and $400 range will be a history.
Disclosure: I don't trade APPL
For about 6 months the customers were waiting for Iphone 5 and that hold up their commitment to buy IPhone 4 and this cause the IPhone 4 sales to stall. Now that Iphone 4S is available APPL cannot keep up with the sales and as you know the sales are beating the expectations. I cannot imagine how stellar the next Q resulold would be. Wise investors and mutual fund managers will dive in before the end of this week and $400 range will be a history.
Disclosure: I don't trade APPL
