That means there is a lot of pressure on new iPhone sales in 2018/19 to meet or exceed expectations.
Overall, there is a ton of pressure on AAPL stock currently, more so than at any other point over the past 5 years (save late 2014 / early 2015).
Indeed, the current situation draws eerie similarities to late 2014 / early 2015. Big valuation. Big expectations. A seemingly unstoppable growth narrative. The stock trading at fresh all-time highs.
By mid-2016, AAPL stock had collapsed. I think AAPL stock is due for a similar fall from grace soon.
Bottom Line on AAPL Stock
AAPL stock is near the end of what was a great 2017.
But 2018 will look much different.
I think now is the time to take some profits off the table.
As of this writing, Luke Lango did not hold a position in any of the aforementioned securities.