it's year-over-year growth that's in question for aapl.......for example, ~37B in revenue (high end of estimate given by aapl) would equate to 3% yoy growth.........~37B @ ~37% margins (high end of 36-37% margin estimate given by aap) would equate to ~7% yoy growth............in other words, slower growth than aapl has historically delivered..........
Buy more and be thankful you can still get it for this price...and that the company can continue to buy back such cheap shares. Cash flow drives prices in the end. They are going to have HUGE cash flow the next six months as they sell these high margin phones, people start talking about the new product cycle, they take significant mobile wallet share, people start to realize how big software / app profits will be for them now that others are in the ecosystem, etc.
Sentiment: Strong Buy
Sales could have been from existing customers upgrading their phones and not necessarily 9 million "New" customers. Too many vested interests to keep this below $500 and many calls were sold by options writers. Will trend toward $480-$485 range unless the markets further collapse and this may break $480. $500 is too obvious for Joe Retail.