Apple Revenues Great! Stock? Not So Much.

Apple has turned in great revenue for the 3^rd quarter. Their earnings included a whopping $20.3 billion, earnings ($4.34 billion), Mac (3.9 million), iPhone (14.1 million), and iPad sales (4.19 million). Apple is expected to get total revenue of around $23 billion for the 4^th quarter of this year. That is obviously expected, as it is a known fact that Apple products are the foundation of Christmas presents. Despite this marvelous report, the stock was trading at $299.70, down $18.30 (-5.75%), not quite two hours after the announcement. For all the investors in this stock, Apple Inc. is not a stock to come out of right before the holiday season. It is common sense to stay in the stock for the last quarter.