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Why Did AAPL Sell Off

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Hubert Senters here. Some people asked me why I was doing a live webinar on Friday what happened to Apple. Judge put down a ruling that Apple will no longer be able to force their app developers to pay them 15 to 30 percent on in-app purchases. So anytime, there’s an app in the Apple store obviously they get paid for that. But the way Apple’s been doing their ecosphere is I’m a huge audible user. If I want to buy an audible book I have to log. I can’t buy the book in audible because audible does not want to pay Amazon 15 to 30 percent. So or any other thing like if you’re playing a game and you want to up a level and you want to do an in-app purchase currently Apple gets 15 to 30 percent of that and the judge goes ok, you got to stop that stuff, I’m not going to let you do that anymore. So it’s going to affect their bottom-line a little bit. I don’t know how much because I don’t know how much just affecting their bottom-line but they’ve got a new launch coming next week. I would look at this as a pullback opportunity to buy it before they launch their new products. I would look at any pullback an Apple as a buying product because it’s a company that just prints off money. Technically speaking it really sound. Fundamentally it really sound use it as a buying opportunity. Will it go lower? Maybe. Will it probably overtime go higher? Probably so. Trade Thirsty is going to be doing a special webinar on the 10 stocks that are set to soar & crash next week or I should say next. The presenter is Ron Haydt. He’s a great speaker. He’s got just the sexy voice. He’s got like a radio voice like you should just listen just for his voice alone. He’s a solid human being too. Go over check him out and tell him I said hi. Good luck. Hope it helps. See you on the next video. Hubert.
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