Over the past six months, Wall Street has gone from thinking that Apple can do no wrong to thinking that there's no way Apple will ever again do anything right. And, that said, Tim Cook's role as CEO has been brought into question.
As a result, the stock has collapsed from a high of $702 to a recent low of $390 last week.
And Wall Street is now bracing for what most people expect will be a terrible quarterly earnings report and outlook on Tuesday.
Apple's results in the December quarter disappointed many analysts, and the company's outlook for the first quarter was also meh. But now, after a steady flow of news reports suggesting that first-quarter sales have not gone well, as well as Apple's failure to release any new products so far this year, many on Wall Street think that Apple will miss even its low guidance for the quarter. Worse, many expect that Apple will provide an outlook for the June quarter that is far below what Wall Street is currently expecting.
In other words,Read More »from Bracing for Disaster: How Bad Will Apple’s Earnings Be?