“Apple (AAPL) is more than 10% off its highs for the year as a litany of less than stellar news has caused some fearful investors to flee the stock,” Joe Tenebruso writes for The Motley Fool. “First it was Apple’s ‘earnings miss,’ when the company reported revenue and profits below what Wall Street analysts were expecting. Then it was rumors of slowing demand for Apple’s iPhone based on ‘supply checks.'”
Tenebruso writes, “As for Apple’s so-called earnings miss, the company surpassed its own guidance for the fourth quarter and then went on to issue guidance above Wall Street’s expectations for the current quarter. As for the rumors regarding slowing iPhone demand, my esteemed Foolish colleague Eric Bleeker pointed out that these types of warnings have in the past often been misguided, and investors and even professional analysts often misinterpret their impact on Apple’s earnings.”
Tenebruso writes, “And what if Apple remains … Apple? What if booming international sales help Apple sell many more iPhone 4S units than analysts are currently expecting? What if Apple continues to innovate and launches a blockbuster new Apple TV sometime next year? What if Tim Cook turns out to be an excellent CEO and superbly executes the long-term strategic plan that he and Steve Jobs put in place? Could Apple — dare I say it — continue to outperform? I believe the answer is yes.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “JES42” for the heads up.]