Apple Is No Longer a 'Sure Thing' Investment
Apple Inc. (Nasdaq: AAPL) stepped into the earnings confessional recently, and everyone on Wall Street is praising the company's quarterly results. Revenue and earnings exceeded expectations, and even fourth-quarter guidance came in better than expected. However, everyone is overlooking some rather key risks that could negatively affect AAPL stock. Let's take a moment to recap what's driving AAPL stock's post-earnings bounce: Second-quarter earnings rose 17.6% year-over-year to $1.67 per share versus expectations for $1.57 per share. Revenue gained 7.2% to $45.41 billion, topping the consensus for $44.89 billion. Apple guided fourth-quarter sales in a range of $49 billion to $52 billion, above estimates for $49.18 billion. On the surface, Apple's third-quarter report looks impressive. What's more, analysts concerned about a delayed delivery for the iPhone 8 interpreted the better-than-expected fourth-quarter guidance as meaning that reports of a potential...