“Investors cheered Apple Inc.’s strong earnings for the second fiscal quarter, but with the stock now seeming to trade heavily on iPhone expectations, future catalysts don’t appear to be around the corner,” Therese Poletti opines for MarketWatch.

“Qualcomm Inc., told investors last week that it expects to see a shortage of chips made using a new 28-nanometer manufacturing process for the rest of the year. That news sparked jitters that this could impact the potential launch of Apple’s iPhone 5, widely expected by later this year,” Poletti writes. “Apple CEO Tim Cook told investors on the earnings call that current Apple products do not use 28nm chips. But dodged the key question of whether the next iPhone will use them — and whether the launch of that device may be delayed by the shortage.”

Poletti writes, “Investors should enjoy the hoopla over Apple while they can.”

Read more in the full article here.

MacDailyNews Take: Sow those seeds, Therese, you beautiful, auburn-tressed, very impatient witch!

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