Apple reported a bad quarter. Because suppliers signaled a miss in iPhone sales, the analysts lowered their estimates. Even though analysts had lowered their estimates, Apple still missed estimates for iPhone sales. They reported selling 74.8 million iPhones compared to expectations for 75.46 million. Apple also missed expectation for iPad and Mac sales. Tablet sales were 16.1 million compared to 17.93 million. This is a huge miss which signals my point about the iPad Pro being a bust was accurate. The stock is only down 1% today because the market was expecting the firm to do bad. This poor earnings report means the stock will continue in its downward trajectory. Do no not buy Apple because of the $216 billion cash hoard. Sometimes it's difficult to determine what events are priced in the stock. I can guarantee you the market has priced in the $216 billion in cash it has. Another firm with a decent sized cash hoard is GoPro. The cash doesn't help firms' stocks with declining sales. I remain short Skyworks. Skyworks should go down with Apple tomorrow. Skyworks reports on the 28th, so more volatility is about to arrive. Both Skyworks and Apple have terrible charts with no support. Next is Amazon and Facebook!