Remember your teacher or parent’s definition of insanity? Doing the same thing over and over and expecting a different result. Evidently, analysts and brokers need constant reminders of this when it comes to Apple and the rumors that surround the company and its products. I say that, but despite numerous examples, we keep treading over the same old ground over and over and over and………
What a difference a week can make. Last weekend, the pessimism was flowing as everyone just knew Apple was going to get theirs on Tuesday. Earnings would be down, iPhone sales would be down overall, the X would be confirmed as a “flop,” and all of the tech press and analyst predictions would be confirmed. Only it didn’t quite go as many in the tech and financial communities thought it would.