Sentiment on Twitter is tanking after the poor earnings report. Look at the before and after pictures (below).
One important thing to watch over the coming days is whether market participants treat the bad earnings report as AAPL specific or as signs of a weakening economy. I’m hearing a lot of chatter about the slow iPhone sales being a result of people waiting for the iPhone 5. Watch the other device makers who don’t have the same product release schedule in the near future to get some clues about the economy.