Apple Misses; Markets Brace for Impact

Apple never misses.  Well, almost never.  Today was different, they had a nice increase, but they missed estimates.  More importantly they presented disappointing guidance for their future performance.  I have been saying for a long time that without Steve Jobs Apple will not be able to continue to create revolutionary products.  Evolutionary products, such as the iPad Mini just won’t cut it – they just won’t add enough to the bottom line to keep the stock price at such lofty valuations.  I really have to question Apple’s future as a major playing at the forefront of technology.  Investors should be wary of buying Apple shares, just because they are down from higher levels.  The future performance of the stock may never match the past.

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