“One of the best (in my opinion) and largest companies in the world is on sale,” D.M. Martins Research writes for Seeking Alpha. “At least this is how I see Apple stock’s 7% dip over the past few days, as analysts turn cautious about the tech device maker’s iPhone sales ahead of the release of fiscal 2Q18 results.”

“I calculate that the implied effect of Taiwan Semiconductor’s guidance drop to Apple’s full-year net earnings would barely breach $7 billion,” Martins writes. “On the other hand, AAPL has lost a whopping $65 billion in market cap over the past few days – way too much for my taste, considering the worst-case financial impact to the company.”

“From my perspective, the bar for fiscal 2Q18 results has already been lowered enough, particularly in regards to iPhone sales and following Apple’s bursting of the ‘super-cycle bubble’ that I discussed a few months ago.,” Martins writes. “Therefore, I find it unlikely that next week’s earnings report will disappoint. I may very well accumulate shares on this most recent, silly dip.”

Read more in the full article here.

MacDailyNews Take: AAPL was undervalued before the recent BS-fest. It’s even more undervalued now.

Analysts are “worried about iPhone.” What are they worried about, that Apple’s iPhone will take 100% of the world’s smartphone profits?

Profit from the painfully gullible.MacDailyNews, December 26, 2017

Apple’s iPhone captured 86% of global handset profits in Q417; iPhone X alone took 35% of global handset profits – April 17, 2018
Apple’s iPhone X is the UK’s most popular smartphone – April 9, 2018
Apple’s iPhone X and 8 Plus offer superior battery life vs. Samsung’s Galaxy S9 – April 3, 2018
Apple’s iPhone X sales continue to disappoint, some analysts say – March 22, 2018
Ignore the iPhone X naysayers – March 10, 2018
iPhone X drives smartphone revenue dominance; Apple made more money in Q417 than the rest of the smartphone makers combined – February 16, 2018
Apple iPhone took more than half of worldwide smartphone revenue share in Q417, a new record – February 15, 2018
Will the naysayers admit they were wrong about Apple’s iPhone X? – February 5, 2018
Strategy Analytics: Apple has shipped 1.2 billion iPhones in the past 10 years; $760 billion in global revenue to date – September 8, 2017
Apple took 83% of smartphone market profits in calendar first quarter – May 16, 2017