[maercsrats]

Lies, damn lies and stats. "Apple sold 44% less iPhones last quarter" is technically correct. But last quarter saw around a 150% increase in sales because of pent up demand and the holiday quarter. If you compare this quarter from one a year ago you'll see that sales are actually up. http://www.macrumors.com/2012/04/24/iphone-activations-drop-...

Also, I call bullshit on the "razor thin margins" that carriers are making. They make plenty over the lifetime of the device contracts. Also, ask Sprint if it would like to get rid of it's iPhone deal. They are getting plenty of new subscribers thanks to the iPhone and are banking on making up their initial loss over time on their new contracts. http://www.networkworld.com/community/blog/analyst-who-downg...

The problem comes in on their aggressive upgrade policies. In fact, I believe Verizon just added a $30 fee for upgrades on 2 year contracts.

Apple's stock is down because the market is full of idiots. Analysts have bet against Apple for years and every quarter Apple has come up on top. I'll bet dollars to doughnuts that this quarter won't be any different and overall sales will be through the roof.