Prime example today about investor skittishness with AAPL.
AAPL reported:
33% increase in quarterly sales
38% increase in earnings
profit margin widening
continued share buybacks
cash of over $200 billion
AAPL currently trades at 14.4 x 2015 earnings estimates, S&P average is 17.9.
These scream for a higher share price, yet AAPL is down nearly $7.00 (5%+)