I also found that announcement apologizing to the Chinese consumers a little laughable, because surely the most critical consumer in the world still has to be the one in the US? The government in China strong arming Apple to apologize for their warranty policy in that country. Arrogant company? Yes, probably, but the same warranty applies in the US, as it does in China. Tim Cook went a long way to dispel the notion that he didn't care about the consumer in China. Paul had some choice words in a tweet that said, until your air is fit to breathe and there aren't any dead pigs floating in your rivers, you basically should be directing your rage elsewhere about Apple and KFC.
Apple results will be on the 23rd of April, for the quarter just past. FY estimates suggest that the stock is trading on less than ten times earnings. Goldman Sachs pulled in their 12 month stock price to 575 Dollars and lowered their earnings estimates. Still, the stock looks cheap, there are rumours of a new phone, a cheaper version with cheaper casing, the WSJ reports: Apple to Begin iPhone Production This Quarter. Who knows, the stock holders might feel like they need a break, but as ever it depends how long you have been holding the company.