Apple revenues falter

With their revenue guidance of $49 – $51 billion for the three months to September 2015 it looks as if revenues on a moving annual total basis will continue their growth decline of the previous 2 quarters.

This might explain the 6% ish share price reduction in after hours trading last night (and pre market move today).  Incidentally for every 1% fall in their price knocks about 7.5 points on the Dow index!

Some initial analysts reactions  are given by Philip Elmer-DeWitt of Fortune which seem to be, so far, still predicting a stock price target in excess of $150 some 20% above the current price of circa $125!