Apple’s latest release, the iPhone 8, is a complete failure and could spell disaster for investors… at least, that’s what the talking heads on the financial news networks want you to believe. One of the pundits even said that the short-term prognosis “doesn’t look good” for the stock.
Now it’s true that their latest release isn’t selling as well as it predecessor, the iPhone 7. In fact, the demand for the iPhone 8 was so low that you could still buy phones days after pre-sales started. To give you an idea of just how bad that is, the iPhone 7 sold out minutes after pre-order selling began – setting it an all-time record for Apple.
But that doesn’t mean the company – or the stock – is in trouble. Quite the opposite, actually.