Trade of the Day: AAPL Stock Buy Under Lowered to $115

Apple Inc. (AAPL) — I last covered AAPL stock in the Trade of the Day on June 30, but recent news and price action warrant an update.
Despite its dominant position in the tech world and high customer satisfaction ratings, the company’s newest product, the Apple Watch, appears to be bombing. According to a MarketWatch article, “Data released over the past few weeks have painted an ugly picture of the Apple Watch’s initial months.”
In early July, research firm Pacific Crest said demand for the gadget appeared to be “slowing quickly.” Its analysts reduced their unit sales estimate for fiscal 2015 by 500,000 to 10.5 million and cut their fiscal 2016 estimate by 3 million to 21 million watches. (more)

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