Wall St. Falls Out Of Love With Apple (AAPL)

Posted: January 22, 2007 at 11:35 am

Well, all the news is out. The great earnings. The 21 million iPods sold last quarter. The iPhone introduction.

What does Apple have to show. A stock that have fallen from $97.80 (more after hours) to $85.75 since earnings were announced. That’s a drop of over 12% in just a few days.

There is no real new news on the Steve Jobs options mess.No other special news.

No, the news is out, and, net net, Wall St. doesn’t think the next quarter or so look too good for Apple. The phone is not out until mid-year, and the risk is that the next two quarter may be mediocre.

Down she goes.

Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.

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