Wall Street Analysts React To The Apple Earnings Armageddon (AAPL)
Here it is folks, your ultimate guide to how Wall Street is reacting to last night's Apple earnings catastrophe. As a refresher, Apple offered tepid guidance last night, and missed estimates for iPhone sales. The stock is off 11%. Here's what analysts are saying. BARCLAYS: Capitulation Process Seems Well Underway: "It seems the reaction to this EPS report is universally negative – especially since AAPL gave subdued guidance and changed the way it does it (they really mean it). We believe a capitulation process is underway – and while painful – it is healthy since the
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