Worries Over Apple Q2 Will Pressure Shares
by Bill Maurer
It's been nearly a month since Apple (AAPL) released its fiscal first quarter earnings report. For those that missed it, Apple beat on the bottom line but revenues missed analyst expectations. However, Apple still produced a new quarterly record for revenues, more than $8 billion more than the previous year's period, which was a week longer. Despite the huge quarter, Apple shares have fallen roughly 15% since then, because Apple's guidance spooked investors. At that time, I called the earnings fall unjustified, and I still believe that to an extent. However, the fears over Apple's Q2 hang over the stock like a magnet, and that's pushing a lot of money into other names. Today, I'll explain why the fears are so large and why that could continue to pressure shares for the short term. read more »
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