Jeffrey Mincey on Apple’s recent guidance change for the past quarter:
Apple is on fire. No, not the good kind. The kind that burns. APPL is on fire and the empire of what once was the world’s highest flying stock has crumbled.
Yet, with all the hyperbole, not yet doomed.
While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China. In fact, most of our revenue shortfall to our guidance, and over 100 percent of our year-over-year worldwide revenue decline, occurred in Greater China across iPhone, Mac and iPad.
Maybe Apple in China is doomed.