$Apple(AAPL)$ I have no problem with today’s AAPL stock activity. Hitting a record intraday high in news that iPhone sales in Q3 2024 were up about 3.5% to 55.5-56.0M are positive trends for the iPhone 15 and iPhone 16.
When AAPl hits over $237, OF COURSE some folks and institutions are gonna sell and lock in profits, that’s fine and to be expected.
At the same time, someone else is buying those shares because they see positive news and positive outlook beyond this quarter into Q4 and 2025. That’s good too!
I don’t care or mind that AAPL has dropped back to around $234, as long as it stays in a positive trend, it will move up eventually. If earnings are also good because iPhone are up day 3-5% revenue, Services up +15%, and overall up about 4%, then it’s a strong indicator AAPL users are doing just fine, willing to spend, and we move into a positive trend for Q4 holiday quarter.
Despite what Goatcheese, Dave, Henry, Saleh, and others say, Apple is doing just fine, and there’s more to come.
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