Wednesday, July 04, 2012

Apple to offer smaller, cheaper iPad

Before we rush out to buy the Google ($GOOG) Nexus 7, will Apple ($AAPL) introduce an iPad mini this fall?
There have been lots of rumors, but maybe this one sticks.
Apple stock is just a buck away from $600 with earnings coming out in under two weeks.  We all know that they're blowing the door off of sales of the iPhone and iPad.  But sometimes in-between new devices, the sales numbers slow down a bit. Is the stock price too optimistic right now?  It seems as if the stock price either "sells the news" on earnings, or gaps up.  Usually the opposite direction of what's been happening in the stock price leading up to earnings.

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