Now, even a small news becoming big hit for AAPL.
I have , long back, asked hanera whether Tim Cook will revise the guidance or not. Today, Bloomberg said that they do not remember exactly the last time Apple revised guidelines, may be around year 1998-2000.
Revising guideline, esp reduction, is a big issue for any company and to apple also. Investors wants to know what is the impact for subsequent quarters, how much dip…etc.
By this time, lot of analysts, investor group would have appx calculated future dips and come up with lowest AAPL pricing.
Yesterday only I read the 10-q report and iphone china sales is appx 19-20% range, that is a big hit with Qualcomm-China legal issue.
Not only AAPL, I see AMZN, GOOGL…etc dropped after hours. Oops, it may even touch, guess work, around 120 range !
If few other companies come like this way, then market will go down another 15%-20%, scary to think.
hmmm, let us see the challenges.