๐ Apple $AAPL drops 8.6% โ services miss and China guidance spook investors
Apple reported a top-line Q2 beat but shares fell 8.6% Friday after services revenue and Greater China performance disappointed. Management guided for roughly 10% sales growth in the current quarter โ short of the 12% analysts expected โ citing supply constraints. GF Securities downgraded $AAPL to Hold in the wake of the miss. For a stock at premium multiples, even a minor guidance haircut can trigger outsized selling, and China exposure remains a nagging overhang. Has Apple's growth narrative meaningfully changed, or is this a buying opportunity at lower levels? Not financial advice.