If you step back far enough, things don’t look so bad.
From CNBC’s “Apple’s fundamentals haven’t changed” posted Thursday:
Kelly Evans discuss why Apple shares are on pace for their worst day since mid-March amid the overall tech sell-off with Tom Forte of D.A. Davidson and Tim Higgins of the Wall Street Journal.
My take: The 9-month chart puts today’s move in better perspective…
Short-Term : profit-taking selloffs.
Great Health during COVID : Fundamentals. At-home demand.
Coming soon : 5G
Long-term : Fundamentals. Re-opening of Economy.
And under product upgrades (coming soon) 5G is the biggest, but watches will be a great upgrade, and we should see solid upgrades with the laptops, iMacs, and the Mac Pro & Mini