Going long AAPL into earnings was foolish and I recognize that. However this company is still solid and I am standing by it.
If you are concerned about margins… show me another megacap company with a better profit margin.
If you are concerned about iPhone sales… show me a better selling smartphone.
Yes, guidance was disappointing… but perhaps lowering expectations isn’t such a bad thing.
AAPL is still best of breed and tonights numbers haven’t changed anything.
This experience is very reminiscent of another time I had to defend AAPL post earnings… when I wrote this fine post.