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A comment on Apple Reports First Quarter Results. Parent comment

Re:Apple Reports First Quarter Results by saagarjha on Thursday February 01, 2018 @04:53PM (#16286270)
> This is interesting, as the majority of the publicity I've seen about the iPhone X has painted it as lackluster.

This happens every year when a new iPhone comes out. Contrarian news drives clicks.

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Re:Apple Reports First Quarter Results by jjtheblunt on Thursday February 01, 2018 @05:09PM (#16286397)
More scandalously, contrarian news from "analysts" drives down share prices, which rebound healthfully after earnings, and the SEC really could have fun addressing this gaming of the market to the benefit of the analysts.
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Re:Apple Reports First Quarter Results by jacksmith21006 on Friday February 02, 2018 @08:17AM (#16290280)
Not rebounding. Flat this morning and down from $180 earlier in 2018.

Barclay new price target is $162 this morning. Also a couple downgrades

"Apple gets two downgrades due to ‘dramatically’ slowing iPhone X demand"

https://www.cnbc.com/2018/02/02/apple-gets-two-downgrades-du...

From this morning after releasing results.

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Re:Apple Reports First Quarter Results by jacksmith21006 on Friday February 02, 2018 @08:15AM (#16290266)
But iPhone unit sales did decline YoY for the quarter?

Plus Q2 guidance was $60B versus consensus of $66B for Q2.

The analyst and the reports seem accurate. Can you explain?

It was never about Q1 but Q2 - Q4 and guidance.

Apple is down from $180 in 2018 and flat this morning. Barclay new price target this morning is $162.

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