Donald Trump explains Apple’s stock swoon

“Donald Trump has taken to Twitter, voicing his concerns over Apple’s lack of ‘vision’ and ‘momentum,'” Jordan Crook reports for TechCrunch.

“On the heels of yesterday’s earnings report, which included record iPhone and iPad sales, Apple’s stock dropped about 8 percent in after-hours trading,” Crook reports. “Why? According to Trump, because the iPhone needs a large-screen option.”

“Despite selling a record number of iPhones (51 million), Apple missed expectations by a few million units,” Crook reports. “The iPhone 5c, meanwhile, didn’t perform the way the company had expected.”

Read more in the full article here.

[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]

43 Comments

  1. I hope this message getting to Apple’s board or Tim Cook.

    Apple needs to downsize their Stock. Wall street doesn’t like Apple Stock. They like Apple options. They like selling calls and then controlling the price so that the majority expire worthless and they keep the premium. The current Apple stock price allows shorting to run the price down to the desired Strike price every single Friday in the endless, every week, Options expiration. Everything about Apple Stock is contrived. This huge sell off in the face of great earnings is engineered by the big boys looking for something to drive it down. This time it was the number of iPhones sold, It was not the revenue, which was up. If the stock was split say 10 for 1, then Options profits would not control the stock price. Young people would buy the stock, and the Apple Bears would need to find another stock to manipulate.

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