All of this could spell earnings doom. But as you can see from the headlines, it’s probably already factored into the price of the stock.
Moreover, iPad sales, even without China, could compensate for iPhone customers holding off. The lack of lines, too, should not be a defining concern.
Apple’s online reservation system, as Eric Jackson rightly pointed out on Bloomberg TV, means “there weren’t riots” for the iPad 2, iPad 3 and iPhone 4S, but the products nevertheless sold well.
Expectations for Apple are rarely high enough, but this go round they do seem additionally dour.
—By TheStreet.com Contributor Marek Fuchs
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TheStreet’s editorial policy prohibits staff editors, reporters, and analysts from holding positions in any individual stocks. At the time of publication, Marek Fuchs held no positions in any stocks mentioned.