Going to be accumulating some at the $500 level… just a lot of B.S. and FUD going on right now just a few weeks before they announce their Q1 2013 results where it is expected they will announce a record number of iPhone sales. Seen this too many times before.
The latest piece of “news” driving the share price down is the report by the Wall Street Journal that Apple cut orders for iPhone components by roughly 50%, implying a significant drop off in demand.
The thing is that this is not new news. As mentioned, and we will get the facts next week as to how many units of iPhone’s Apple managed to sell this holiday quarter. Would suppliers see Apple cutting their orders going into this January through March quarters? Coming off of the high demand holiday season, of course.
This is just yet another “the sky is falling” piece of “research.
