If Wall Street did not get it right, you should be buying APPL stock. The stock returned over 30% negative over the last 1 year, even though the S&P 500 was up 17% during this time. A difference of 47% return between the two. Mainly due to falling revenue and the market reading that innovation has slowed down after Steve Jobs. Additionally, I am not talking about a given version outselling the previous version. I am saying this phone looks more likely to be attractive for a replacement cycle of 4S or previous versions of iPhone users. I do not see this phone taking market share from Android users. There is no wow factor.
Apple's revenue in billions for each of last 4 quarters Q1 54b, Q2 43b, Q3 35b, expected Q4 36b.
See the trend? Revenue is trending down. Tablet market is saturated. Apple is doing very poorly in the smart phone area in emerging economies of China and India compared to Samsung etc. The world's largest phone company is China Mobile with 600 million customers. It does not sell iPhones to this day.