Last Friday, August 3rd, was the Friday when the Q2 earnings report was released. In fact, the earnings were not bad compared to expectations. Nevertheless, it seems to reflect concerns about the slowed business performance.
Since October 2021, there hasn't been a day when the stock price fell after the earnings announcement. And the fact that the price drop was 5.5% shows how disappointed the market was. 5.5% of 3 trillion dollars.
So, should we buy more Apple? Or should we wait and see The stock price of Apple?
The answer seems to depend on the stock price trend for the time being, as well as the reactions to the new products that will be released soon.
First of all, Apple has raised the price of its cloud service. It's not pleasant as a consumer, but I think I'll just use it. I'm not sure what impact it will have as a shareholder. It doesn't seem to have a price advantage compared to Google or OneDrive.
To summarize August 3rd, the market reacted with concern to a relatively not-bad earnings announcement. At the same time, while not hugely influential, there was a downgrade of Fitch's U.S. credit rating, a rise in bond interest rates, and various other factors overlapped.
I still plan to accumulate more Apple stocks when I see an opportunity, but I'll have to take a close look.