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The WSJ reports Apple has cut orders for all three newly launched iPhone models due to demand falling below expectations.

The WSJ reported the same sort of thing in previous years too. There was never any truth to it. Until Apple says it made less money because they didn't sell many phones, I'm going to reserve judgment. My guess is that just as in previous years, it's not true.

Of course all sorts of credulous fools are believing this, so the stock is tanking. It did this in previous years too. Truly remarkable that Charlie Brown investors continue to believe Lucy end up flat on their backs.

Meanwhile, AAPL is on sale in a truly excellent buying opportunity.

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