Apple misses on revenues after iPhone sales stall out. The company jacked up their dividends by 10% WTF!? They are admitting, quite publicly, that the shareholders are better stewards of the moneys then they are.
Q3 revenue guidance is weak, bleak, and completely glum.
They are out of ideas. Their hardware is obsolete, cue the sad horn. Homeboy from China was right.
SEE ALSO: The $AAPL Growth Story Is Officially Dead; Company Expected To Post First Growth Loss Since 2003
The earnings report is ravaging the NASDAQ, which off by another 30 handles. The index was still licking its wounds from last week when Google parent Alphabet and Microsoft dropped their crappy earnings on unsuspecting visitors to the Walled Street.
Thus we begin the descent lower, overall. The FOMC, led by renegade banker Janet Yellen can either right the ship tomorrow afternoon or continue with its current trajectory, which is nose down–probing lower.
Apple is down about 6% after hours.
GODSPEED
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Here’s the horn https://youtu.be/1ytCEuuW2_A
AAPL’s dream of selling billions of phones to Asians is not happening. In India they are making $50 phones, same with China. They look nice but I’m sure if you drop it it will shatter, the graphics are not up to par but the features (running Android 6) are actually better than the iPhone.
So the average Patel and Chang can look cool checking their social accts, taking selfies and shopping online Alibaba.
Henry Ford made a point of selling cars that his factory workers could afford.
AAPL is too introverted to figure that out.
Amen to the Ford reference