China copies everything and now they have government policy to back it up. Copy the Iphone then sue the originator for what you did and win. It would be laughable if it weren't so bad for not just Apple but all non Chinese competition. I have always been wary of this type of thing but I guess I didn't really think it would actually happen.
You are absolutely correct. There has been no fundamental change from the last report. The problem is the last report wasn't up to expectations and so we have been trading on technicals(charts). We will continue to do so until the fundamental picture is made more clear on 6-16 or major news comes out before then. If you are confident that the next report will be at least up to market expectations then the current price is a good entry point.