do you people really not get it?
let's see, AMD with deep losses BUT far smaller than expected: stock up
Google with negligible YOY profit increase BUT significant slowing of decline in ad sales: Stock up
Apple with best quarter ever BUT decline in EPS and significant increase in costs: Stock down.
If you want to actually try to understand the situation, it makes perfect sense
Exactly.
I see people here complaining that all Apple did was miss some analyst expectation. Guess what? It's that analyst expectation that original allowed the stock to hit $700 and it's the same thing that's bringing it down now.
They missed last quarter, as well. The die-hards said the same things then. "The numbers are great, it's only some imagined analyst (excuse me,
analyst) numbers that they missed. They're doing fine!"
Yet the stock price never rebounded from that (especially notable at a time when the DOW and S&P were at multi-year highs and competitors like Amazon were reaching all-time highs) and if reaction tonight is any indication, it may be flirting with 52 week lows before the end of the month.
You can complain about analysts all you want, and unrealistic expectations they set and all of that stuff, but at the end of the day Apple has clearly not been a good investment over the past six months and based on the overall market and strong competition, I don't see that changing in the near future. "Best results ever" or not.