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That was profit-taking. The sell-off wasn't because the news was bad.



If it was predictable it would not have happened. Markets are anti-inductive... oh, never mind.


ah, you edited your post since i was about to reply (and HN crapped out on me). here was my original response:

Finance-related articles: I read several. Margins are depressed[1]. iPad sales were lower than expected[2]. Revenue was above expectations, but profits were below [3].

[1] http://www.nytimes.com/2010/10/19/technology/19apple.html

[2] http://online.wsj.com/article/BT-CO-20101018-713881.html

[3] http://blogs.barrons.com/techtraderdaily/2010/10/18/apple-fy...


Yeah... I thought the bit about "read some articles" sounded snide :)

I guess I also agree it's up to debate, but I don't see how the results Apple posted are a cause for deflation, margins or no. 20 billion in revenue, nearly a quarter million devices a day, and Verizon yet to come.

Everything looks rosy for Apple, with only the Android dark horse to worry about (which has been worried about for some time).


Also, iPad sales are lower than "some" expected. Not everyone.




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