Apple just had the most profitable year of any company ever.
And yet, after record earnings in Q4, investors are displeased.
The reason: Apple’s growth has slowed down as it reached this summit, and stock prices are a prediction of where things are going, not where they are.
It helps to visualise Apple’s predicament to understand it.
Every time Apple posts its earnings, Dan Frommer of Splat-F always makes awesome charts about them.
Here are those charts, annotated to show how Apple’s growth is stalling and therefore why investors are feeling negatively about the stock.