So here's where there may be some "interest".... Apple (AAPL) posted very disappointing earnings after the close of the market today.... Nasty earnings really - with almost every segment of their business down and down pretty hard.... 12 and 15%
What's my point? We always need to be aware of FUNDAMENTAL CHANGES....What those look like are hugely variable! Some fundamental changes are good! Look at McDonalds (MCD) when they added a new CEO - who then promptly changed the menu (adding breakfast all day) and BAM! The stock took off big time.
Is the disappointing Apple sales number (top line) a fundamental change in the market place? What does it say? Does it say the consumer is weak? Or has the Apple product hit it's peak? Has something else come out that's better? If so, I'm not aware of it. But here's something that might be contributing...... I used to get a new phone whenever my "2 years" was up - because it was a cheap upgrade by just extending my phone contract. NOW!?!?! They want me to pay full price for the new toy.... to which I say - Heck no! My current phone is just fine.
So is that having an affect on sales all across the board? No new phone - no reason to go into the store - therefore no "extra" sales because of a lack of interest/traffic??
I don't know - but it's certainly interesting! Is there a fundamental change in the wind --- or are we just seeing a weak consumer or both??
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